Copy from Satyam’s Audited accounts. No comments, only an extract fyi. If you thought frauds start with greed, I agree. If you think you can lie with your mouth open, AND with your mouth closed, I agree. Here is a nice extract, read on and conclude why the BOD kept quite. I am not commenting […]
If you were to look at the list of people who have lost money with Madoff, it is awesome and stunning! Many of the victimes are the usual suspects – your banks who claim they can do a good job of managing your money, many big fund advisors, and a whole host of celelbrities! Instead […]
Since everybody was now talking of Corporate Governance, I decided to see what it actually means. Well Wikipedia defines corporate governance as follows: Corporate governance is the set of processes, customs, policies, laws and institutions affecting the way a corporation is directed, administered or controlled. Corporate Governance also includes the relationships among the many stakeholders […]
This is crazy. What has happened in Satyam for me looks like an action replay. When Ketan Parekh was ramping up his’K10′ shares I was asked why am I not buying a particular ‘S’ software. It was flouted to me that a particular fast growing fund was buying its shares and the company was doing […]
This is actually very personal! First of all the Satyam episode is shocking. NO doubt about it. However, if you have dealt with corporate India, when I say shocking, I only mean the size. NOt the modus operandi. Many, many corporates have done it in the past. Lets go back to the start of Satyam. […]
In case you are wondering what this contains, welcome! a Few days back I posted “Advisor’s fault, of course’. I got a few responses for that. So I thought an explanation is in place about an advisor’s role. First of all an advisor should give advise, only if it is sought. Do not convert all […]
about 10 days back did a program on Utvi on behavioural finance…here is the transcript. http://www.utvi.com/personalfinance/financial-investment-india/15714/investing-sans-emotion.html# – is where the original is, for the others, here it is being reproduced! Investing sans emotion UTVi News Desk Published on Dec 18, 2008 MUMBAI: Leaving emotions out of your financial decisions is tough. After all, it’s about […]