As is fashionable and necessary there is a discussion on a leading channel about how the market will behave. Of course to quote Taleb “Sensible sound bytes is an oxymoron”. So please listen to all the noise and come to your own conclusion. There is Shankar sharma who is predicting that the market might see […]
What is wealth? And what is having a wealthy mindset? I could have easily adopted the text book method of defining wealth – and there are many available. Instead let us look at mindsets. It starts from the basic question of “Why do we borrow?” Most of us will today not need to borrow to […]
SIP creates wealth in the long run, however it gives no immediate gratification. Equity trading (what the common man thinks is investing) gives immediate gratification and does not create wealth for the client. The broker wants him to trade so that broker’s wealth goes up. So what is the solution? Sell SIP in equities as […]
What a true statement! Just remove real estate and replace it with “oil”, “gold” or “shares of Hdfc” – it does not matter. Asset prices fluctuate and is determined by demand and supply. Only thing is that this is a true statement – however the following conditions have to exist. 1. Uniformity of the asset […]
The jokes are just not stopping. A friend had bought a unit linked insurance plan from a company. As is wont with friends, he called me a month after he had received the statement. He was shocked to find that he had paid Rs. 200,000 and the statement was showing an investment of only Rs. […]
If you see some of the comments on my blog, Mr. Iyer has said that “kanyadan” is the highest form of donation – only thing is many women have said this is not true. After all, my daughter is not my asset – is it not? I do not know, but i like the www.akshayapatra.org […]
I had done this piece for SENSEX – a magazine run by the BSE (the mumbai stock exchange or bombay stock exchange) Reminiscences of a Stock Operator (Wiley Investment Classics) by Edwin Lefèvre Once upon a time, quite long ago – the US was a highly unregulated market. Very briefly, Jesse Livermore’s life as a […]