I am very excited about doing a series of articles on lying with figures. One of my students sent me a Wharton study and the following line caught my attention. I thought it should be shared. Many of you have seen the ratings done by many websites about fund performance. “We are the world’s best [...]
If I asked you what is common to Harshad Mehta, Ketan Parekh, Hometrade, Madoff, ‘Sir’ Stanford…you will find the answer very easy, correct? All of them played with other people’s money and defrauded millions…What was common to their victims? None of them played with small people’s money. The victims (yes there were some small people [...]
If people think (or know) that you have some connection to the stock markets, they do turn to you with queries. One of the questions that I am asked – for the past 3-4 years has been “Do I need to hand over my money to a Portfolio Manager?” Whether an investor would benefit from [...]
Being smart about debt can help the average investor save a guaranteed 3% p.m. This is a serious amount of money for people living on a day-to-day basis! It is a conscious decision that could save you a decent amount of money! So how can you do this? The Debt Dilemma First of all live [...]
A couple of days ago I got a mail saying “Insurance is a waste of money. I am 62 and never needed it”. It is such an amazingly stupid statement I could not believe it. ‘I’ have not needed it does not mean ‘nobody’ needs it. So it is foolish to talk like this. It [...]
My equity broker has a very high self esteem, spends a lot of time in meditation, practices and teaches Reki, and generally leads a very healthy life. I asked him once to explain the reasons of his peace of mind – he really looks tranquail. His choice of friends, clients, food, books, etc are all [...]