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I am a Nobody compared to stalwarts and “well educated” intellectuals like Richard Thaler, and therefore may be speaking out of line.

BUT

I am a practioner and that CHANGES everything.

And through the sheer experience gained through my practice, I have come to a rather counter intuitive conclusion that “hot hand fallacy” as propagated by Mr Thaler is just baloney!!

Lets break it down, WHAT IS HOT HAND FALLACY. Watch this video and listen to Thaler explain it himself.

So What Mr. Thaler is saying is that Hot hand fallacy is a false presumption of expecting the status…


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I recently tweeted this interesting observation

And almost as soon as I published it, It dawned on me that it is one thing to utter a Utopian, ideal statement and totally another to delve deeper into the inner workings of what works!!!

Human psychology is flawed and therefore world is full of idiots (me included of course, I will never admit it due to over confidence, that is a different matter)

What that means is that least resistance is always towards STUPID. In simpler language, if not restrained, we tend to damage ourselves. You will never find a person…


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This blog compares our 02 offerings for you to decide which one suits your profile.

BSE STOCKS

First difference is that MWM website is free to pick stocks from BSE universe. Smallcase in its current avatar deals in NSE Stocks ONLY. This is not a BIG difference as due to liquidity filters, BSE only stocks rarely get picked by our system.

Options Hedge.

MWM website deploys system generated option hedge strategies. Smallcase does not allow us to use derivative products. …


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This is a HOT topic these days. Bitcoin, is it a bubble or do we have some tectonic shift happening in the world of currency!!!

I had an interesting conversation with someone on prashant krish’s slack channel where he mentioned

people have the temerity to call it a currency too. Oh well Tulips rehashed 2.0 i guess and none of points in its favor explain its bubbliness.

Leave alone him, the master himself (Charlie Munger) demeaned the entire concept in as derogatory a way as one could. he called it worthless Rat Poison.

I am intrigued by the audacity…


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Why we like PPFAS, Mysticwealth believes in one category one product.

Offering Multiple options to customer is a wonderful marketing technique which works like clockwork. In this blog, we shall discuss why it works and despite its amazing success, we at MysticWealth, not deploy it.

Doership:- When you offer choice to the customer, he/she feels empowered, you can offer a same product dressed in a different wardrobe and after choosing the product, customer feels they have taken a conscious decision using their intellect and ability to discern and discriminate between right and wrong. good and not so good. …


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Bringing home a point via numbers is NOT a very effective technique and a lot of valuable information is leaked in the cracks of boredom. A gap is formed between what you wanted to say and what the audience actually got!!!

When you say the same thing by building some sort of narrative, or a story, it is better received. We have been guilty of bringing forward our performance numbers in same boring way!!, so I thought let me explore the other side.

The year is 2017 and its the start of the new fiscal year (April 1). 02 friends…


Hi friends

This is an introduction blog for our options offering at MysticWealth. Mystic wealth Options or MWO in short.

MWO is a Risk defined short volatility portfolio. This was a closed group of like minded people shorting volatility. On popular demand, we are opening this up for new members.

It has ZERO risk of ruin due to BLACK or any other color, SWAN due to A) conservative leverage and b) Risk defined trades, No overnight shocks.

This portfolio was initially started with Rs 10 lakhs and discretionary shorting of volatility.


Dear members and friends,

Mystic Wealth has been offering Model portfolio services in the domains of Momentum, Value and Options.

We have SEBI registered RIA license to conduct these services. With the new rules getting implemented and dust settling, we realize that since we do not provide customized advisory to individual clients, we can run our services as an RA (Research Analyst) and do not require to be a RIA which is a bigger branch covering a gamut of offerings.

And therefore, on legal advice, we are in a process of applying for a RA license.

The on boarding procedure…


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I am big fan of Magnus Carlsen. In his brand of chess, he teaches us a thing or two about how to manage money (Investments).

For the uninitiated, Magnus is not flamboyant At all. And we all know that flamboyant always get the limelight be it chess or life.

See this clip, how Magnus got pissed at this partiality.

In chess world, champions like Anderson, TAL or Morphy were known to pull off miracles, sacrificing almost everything to mate the opponent. And when it comes off, you are hailed a HERO. A LEGEND.

Magnus on the other hand, is…


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DSP Mutual fund twiter handle did an interesting poll the other day under the hashtag #Breakthebias

#BreakTheBias Poll!

If the last 5 coin flips were:
1.Tails
2.Tails
3.Tails
4.Tails
5.Tails

What’s the probability on the next coin flip?

- DSP Mutual Fund (@dspmf) June 13, 2020

It is a fascinating question and of-course the obvious rational answer is that if the coin is NOT Rigged (Like in the movie Sholay), every new coin flip would have the same 50% probability of coming as Tails or heads. Past performance has absolutely no bearing on probability of what happens next.

But….

What is the practical utility of this information. The message of this breaking the bias is that…

Mystic Wealth

Insights for DIY investors on Risk management, Option strategies, Special Situations & Momentum.

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