Capital Assets but Pricy Models

Women are like Stock Markets - you can't ever figure them out, all you can do is speculate.

Their market value is a (virtual) present value of all expected future returns and there always seems to be a high interest in them.

That's where the similarity ends

There are no arbitrage opportunities because you can never buy cheap - you always pay through your nose whether you get them or not - you perhaps pay more when you get them.

If you consider EVA then you can never justify the social cost of capital - your money is always well spent elsewhere.

Its not about the Bulls and Bears - its about the Birds and the Bees.

The greater risk you take with them the less chance there is of getting decent returns - if you take no risks then you get no returns whatsoever.

They have the highest transaction costs and the future(s) is uncertain because they leave you no options.

Therefore if the SENSEX tracks stock market transactions an index that tracks women should be labelled SENSELESS!