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One good thing about having rich and some uber rich friends (in my definition, net worth exceeding Rs 150 crores is Uber rich) …is that you can learn some good lessons: Frugality is good, but it should not be an obsession! I know some of the rich friends who will try to pinch money and […]
I have been doing this series on equity investing…so here is one more. Think in terms of probability when you are NOT very confident of your research. In case you are very confident buy incrementally. At some stage do “emotion control”. Let me give you examples from equity and from mutual fund manager selection. Both […]
Some good books are not really marketed too well – Influence: The Psychology of Persuasion by Robert Cialdini is one such book. It is a good book and a worth read. More importantly it is a good book to read if you are a salesman (clients do not read, so nobody will spot you). It […]
When I talk to many millennials about saving and investing…they tell me “I have no money to invest”. I decided to look at the reason why they are unable to invest. I also talk to corporate India and realize that salaries are not really low – in a poor country. Some of the wealth destruction […]
U K Sinha (remember he has an indexed pension and therefore has no need to invest at all) made a statement that India has the most expensive mutual funds in the world. Sounds odd because he did nothing to correct it when he was the CEO at UTI mutual fund or when he was at […]