[image: PPFAS] <http://www.ppfas.com/> *22nd June 2009* *Inside this report...* Responding to Noise <#12210a5d9833a811_1220688c0fca6be8_pv> Money Back Insurance Plan <#12210a5d9833a811_1220688c0fca6be8_mip> Oracle Financial Services Software Limited: Company Update<#12210a5d9833a811_1220688c0fca6be8_ofss> *Responding to Noise* Contributor: Arpit Ranka | [email protected] "There is lots of noise that comes with information and one needs to train himself to separate noise from information" -- Naseem Taleb (in substance)
Over the past few weeks, I have realised that two areas where discerning information from noise can be of great help are decision making & interpretation of financial information. I will use a famous experiment done by Tversky & Kahneman & quote Charlie Munger, Buffett, & Ralph Wanger to drive home the point. more...<http://www.ppfas.com/research/ereports/week/220609/index.php#pv> *Money Back Insurance Plan* Ashish Shah | [email protected] Money-back plans can be defined as endowment plans that periodically return a certain percentage of the sum assured instead of waiting till the end of term. While in a pure term policy, the insurance company is liable to pay the sum assured only to the beneficiaries upon the death of the policyholder, the money back is insurance cum investment plan. The rider, however, is that the premium is significantly high in the latter compared to the former for the same sum assured. Unlike ordinary endowment insurance plans where the survival benefits are payable only at the end of the endowment period, money back policies provide for periodic payments of partial survival benefits during the term of the policy, of course so long as the policy holder is alive. An important feature of this type of policies is that in the event of death at any time within the policy term, the death claim comprises full sum assured without deducting any of the survival benefit amounts, which may have already been paid as money-back components. more...<http://www.ppfas.com/research/ereports/week/220609/index.php#mip> *Oracle Financial Services Software Limited: Company Update* Raunak Onkar | [email protected] A few months back, we argued why Oracle Financial Services Software Limited (OFSS) was a great buy @ Rs. 735/ share, reasons aplenty. The plight of OFSS remained in the dismal performance of the banking & the financial services sector. The poor expectations from the sector translated to poor expectations from all allied businesses owing to a belief that this will result in decline in new business. Here we list a few points as to why we believe OFSS still looks attractive. more...<http://www.ppfas.com/research/ereports/week/220609/index.php#ofss> Click here to view full report<http://www.ppfas.com/research/ereports/week/220609/index.php>| Download PDF <http://www.ppfas.com/pdf-docs/research/week-reports/2009/wr220609.pdf>| Download PPFAS Screensaver <http://www.ppfas.com/whats-new/index.php> If you have a query please email us at [email protected]. We would be glad to answer any queries with regard to this report. If for any reason you want to come out of our mailing list, click unsubscribe <[email protected]?subject=unsubscribe>. *Parag Parikh Financial Advisory Services Limited* 130/132, Great Western Building, 1st Floor, S.B.S. Marg, Near Lion Gate, Fort, Mumbai - 400 001 INDIA. Tel : 91 22 2284 6555 Fax : 91 22 2284 6553 -- Regards, Anuj Anandwala Analyst I Investment Research Parag Parikh Financial Advisory Services Ltd. Tel: 022 2284 6555 URL: www.ppfas.com --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
