When the 3 auto majors seeking publice money came to washington – they obviously came by their own private jets. It seems true that the senior executives of companies have forgotten to fly commercial. Of course it can also be justified that they travelled with their entourage of secretary, assistant, …etc. and it was cheaper […]
No, this is not a class on futures and options, nor equity. However long term bonds also have a put and a call option. An option that can be exercised by the issuer of the bond whereby the bond can be extinguished prior to the date of expiry is called a CALL option. An option […]
4 kids from a business school and wanted a summer placement. Of course at summers pricing is not much of a question. I just asked those students “What salary do you think you guys (and gals) will start at?” They were quite unanimous – they all said Rs. 1 million. As I have been with […]
The US government is pouring out AID this week to a number of financial companies under several of its recently instituted ‘support’ programs. Citigroup, Goldman Sachs Group, JPMorgan Chase & Co., Wells Fargo, and GE Capital are now in various stages of selling bonds backed by the government, thus lowering the rates they would have […]
At last the market went up by almost 500 points yesterday. Not bad for a market which has had a very rough year so far, with the Sensex with more than 50% loss for the year. This is literally the worst market crash since 1993. The bull run of 1992 was followed by a 46% fall in […]
PHASE I – 1964 – 87 Mutual Fund Industry started in India in 1963 with the formation of UTI Launch of First Scheme – US 64 – it was a very popular scheme, largely perceived as a debt fund with assured returns. However, it never had to declare its NAV and ran into problems in […]
If you want to lead a nice normal life you need to do some simple things right. Not to say it is easy. Let me explain. Getting up in the morning and going for a walk. Sounds simple, but not easy to do. Give up smoking, sounds simple, not very easy to do. However there […]