India vs Sri Lanka, 2nd Test Live Cricket From M.Chinnaswamy Stadium, Bengaluru

India vs Sri Lanka, 2nd Test Live Cricket From M.Chinnaswamy Stadium, Bengaluru


I have recently been contacted by a gentleman who has a large financial Internet web site devoted to mutual funds and he has asked me to act as an editor. He sent me a list of mutual funds and asked me to list them into 53 categories.

"Gee, Ken, thanks for asking, but I only have two categories." He was baffled. "What about Large Cap, Mid Cap, Small Cap, Sector, Index, Emerging Market, Value, Undervalued, Balanced, Closed End, etc. etc. funds? What about all those Wall Street "professionals" who say we should analyze our portfolios and put money into different funds?"

The answer is very simple. Don't listen to those "experts". The only expert is the bottom line.

My two categories are those that PERFORM and those that are NONPERFORMERS. How do I differentiate them? Again, a very simple test. The performers are beating the S&P500 Index and the nonperformers are not.

When you purchase a mutual fund what are you getting for your money? You are hiring a mutual fund manager who is supposed to be able to pick individual stocks for the fund that will increase in value to make your investment go up. Not down. Not sideways. If the fund manager cannot do that he should be fired. The S&P500 is merely a market average and an average job by a fund manager is staying even with it. If anyone you hire for any job cannot do an average job would you continue to employ him? Not really. Yet in 1998 only 319 of 8,520 mutual funds had managers that were able to beat the S&P500 index. Pretty pathetic.

So what do all the categories mean? Basically, nothing. This is more Wall Street smoke and mirrors trying to confuse you to look at what the magician wants you to see while he is fooling you with his act. You watch his right hand while his left hand is dipping into your wallet. Wall Street hates me because I tell the truth. They want to work their magic on you with their convoluted ways. Simplicity is very difficult for twisted minds.

Whatever funds you now own should be reviewed monthly and compared to the performance of the S&P for the last 12 months. Only12 months. Not 36 months. Not five years. Remember the admonition, "What have you done for me lately?" Fund managers run hot and cold and you don't want to stay with him when he has a cold streak.

When you have your account with a discount broker most have funds that have no transaction fees or the fee is very small to switch to a better fund. If you don't watch out for your money I guarantee your broker will not and you will be left with a small sum in your bag instead of the riches you deserve.

Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at

India vs Sri Lanka, 2nd Test Live Cricket From M.Chinnaswamy Stadium, Bengaluru


Sri Lanka (Playing XI): Dimuth Karunaratne(c), Lahiru Thirimanne, Kusal Mendis, Angelo Mathews, Dhananjaya de Silva, Charith Asalanka, Niroshan Dickwella(w), Suranga Lakmal, Lasith Embuldeniya, Vishwa Fernando, Praveen Jayawickrama

India (Playing XI): Mayank Agarwal, Rohit Sharma(c), Hanuma Vihari, Virat Kohli, Rishabh Pant(w), Shreyas Iyer, Ravindra Jadeja, Ravichandran Ashwin, Axar Patel, Mohammed Shami, Jasprit Bumrah

India have won the toss and have opted to bat





Dimuth Karunaratne: The wicket is pretty dry and in the later part it is going to turn, so we wanted to bat first as well. We spoke about the things we did wrong in the last Test and we just want to make sure it won't happen again. Every session we have to compete with them and let's see how it goes. We have had good pink-ball Test matches in the past and that will help the players. Pathum Nissanka and Lahiru Kumara are not available. Kusal Mendis and Praveen Jayawickrama are playing.

Rohit Sharma: We are going to bat first. It looks like a very dry pitch and runs are the board is going to be critical. Axar Patel is fit and he is back, he comes in place of Jayant. It has a lot to do with the conditions, it is a dry pitch and Axar we saw what he did in the last series he played, so obviously we wanted to get him back. Unfortunate for Jayant to miss out after playing just one Test match but again we want to give guys who have done well a slightly longer rope and give them enough opportunities to prove themselves. When it comes to mindset we want to be ruthless. There is a lot at stake but we want to take one session at a time and not look too far ahead. It is going to be a challenging Test match and we got to be at it and get what we want from this game.

Pitch and Conditions: "There is something in it for everyone. But there will be more for the spinners because the pitch looks dry. It looks a good one to start with and you bat first if you win the toss. But with the sun beating down, these (cracks) are going to open up and also here in Bengaluru there will be bit more pace and bounce, so more bite for the spinners. For the batters make use of it when it is good. It is going to be a big challenge for the batters to play spin," reckon Deep Dasgupta and Russel Arnold.

Sri Lanka, apart from the first couple of sessions in the Test, were no match for this strong Indian side. The bowlers started well but losing Lahiru Kumara to hamstring injury set them back and they couldn't recover. There were a couple of positives with the bat; Nissanka showing he belongs at this stage and Dickwella's resistance in the second innings. But he visitors will be without Nissanka for this game as the number three batter is nursing a back injury. They also need to decide who is going to replace Kumara. Will it be a spinner? Or since it is the pink-ball they will persist with three seamers? We should have the answers at toss time which is not far away.. Stay tuned


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