Here is a story …said in a very spiritual context. It is just as applicable to us as ‘fund managers’, ‘relationship managers’, ‘ifas’ or…what have you. When the markets do well, we keep saying ” I got the client 43% returns” if you are such a genius why is your portfolio in the Red this [...]
The markets – capital markets especially is a great teacher. However, the characteristics of this teacher are unique: 1. Takes the fee upfront 2. Lessons are taught the hard way, but students do not remember it long enough 3. Never negotiates fees – the dumber the student the higher the fee, and no mercy is [...]
Many companies are today in some kind of trouble. It is fashionable to cut something or the other in the name of a slowdown – so right from the toilet paper to sugar in the coffee everything is under some scrutiny. However, it is difficult for many CEOs to cut salaries and bonuses. So even [...]
continuing the myth busting on rent vs. buy …. “Renting is for poor people.” Of course renting is for poor people – very much true. But it’s for rich people, too. I know if I name some of the people who live in rented houses – with their designations some of you might torch me. [...]
If you have been following my blog, you may have seen more articles about ‘renting vs. buying’ here is the next instalment. “If I buy a house, I get a tax break.” Business men also get tax breaks when they make losses or incur expenses! As do share buyers, – all are bad deals! The [...]
http://www.subramoney.com/book-written-by-me/ I am sure all of you know the cap seller and the monkey story. So why am I telling you the same story again? No this is not the same story, it has a twist. A capseller was looking for a place to rest in a forest. He found a nice big tree and [...]