By Kaniz Fatema Rupani
‘In the midst of monsoon sale across various supermarkets and luxury brands, is there an unusual shopping space?’
To my mind the answer is yes.
Away from the routine life, there exists an entirely eccentric world tucked away under the wraps of unusual. The Muara Kuin Floating Market in Banjarmasin city of Thailand, in existence for 400 years, is a unique trading market for people who live above the water.
Muara Kuin Floating Market is an idiosyncratic marketplace where grocery shopping happens on boats named as Jukung. This market is mainly for fruits and vegetables and barter system too prevails here.
Another, instance of the unusual way of doing things is a recycled freeway store in Zurich. The soaring long (85 ft above the ground), Frietag Flagship store, built from 19 rusty containers are renowned for their wide variety of recycled freeway bags. Here, one can find over 1600 bags spread over four floors and this forms the largest selection centre for ‘Individual recycled freeway bags’. This space has all eco-friendly products made of used truck tarpaulins, bicycle inner tubes, seat belts and airbags.
Can the unusual way of doing things be thought of in wealth creation or investments?
My answer is again – yes!
In the world of finance it is called playing with fear and greed of the masses as well. This is well portrayed below:
Cosmo Film Limited : A hidden gem?
The two noteworthy points here are ‘why I call this as hidden gem’ and ‘how playing the fear and greed works here’.
Cosmo Film, 42 year old company is one of the largest producer of thermal lamination films in the world and started manufacturing Bi-axially Oriented Polypropylene Films (BOPP Films) for the first time in India. The company has been consistently able to increase its market share by establishing its customer base across 80 countries.
Someone would say market has rewarded the company as stock was trading around Rs.84 in April 2015 to Rs.275 in March 2016.
I would say playing the fear and greed well can fetch you good returns. During the recent sale in mid-cap, the stock dipped below Rs.200 (lifetime high Rs.460), as market sentiment were fearful, although within weeks crossed Rs.230.
The point here is, not to catch the bottom and top, because that’s unrealistic.
Investment bandwagon is followed due to greed. Here the greedy investors join the swiftly mounting investment pyramid until the base embraced by new entrants can no longer endure the prices and valuations at the top. When everybody is in near united agreement that stock prices will make a new high, the probability for a massive reversal is much higher. On the flip side, when prices are dipping fear causes the majority of people to escape and pull their money out of the market in instinctive response, enabling you to get a better deal.
So, choose when you want to be greedy and when you should be fearful!
This article was originally published by author Kaniz Fatema Rupani. Views are personal.