It is surprising how the whole world wants a quick fix for everything. Instant weight loss, instead muscle gain, instant riches – trade forex, watch cnbc, …so go and get a quick fix. Write a cheque for $ 1 Trillion…and hey presto all problems will be solved. Correct? Either I am old fashioned or boring, […]
Well this is not a ‘how to guide’ – just a talk that I had with a ‘turn around’ specialist. I met him at a social function and what he said was interesting. Hence the blog article. Many of the things he told me were intuitive. So I will not dwell on things like cut […]
Is Warren Buffet wrong and seen as slipping? Well I could never read Snowball – i thought it was too boring. But now I have renewed respect for the author, so may read it http://epaper.dnaindia.com/showstory.aspx?queryed=3&querypage=6&boxid=30690538&parentid=115947&eddate=May%20%206%202010%2012:00AM However I may not agree with Alice on the Goldman Sachs case. There is too much heart burn all over […]
Only a person who has slept hungry may be able to appreciate this. While writing about the first incident I get goose pimples – and the incident is etched in my mind like it happened yesterday. It happened in 1988 or 1989, not sure about the year. I will not name the participants as most […]
Have you wondered why compounding works? Because most people who have passed 7th standard ‘think’ they understand compounding, but many do not. In July, 2006 I had done an article for rediff.com ‘How to become Rich with just Rs. 100″. I have no clue as to how many people read this article – it is […]
Most people I know pay taxes and also file tax returns. However to say that they file taxes honestly is a little difficult to say. As a social psychologist if you do analyze why people do not pay taxes, the following seem to be the reasons: a. Does not seem reasonable: Why should I pay […]
If you have seen all the news items about ULIPs, other life insurance products, etc. you might have suddenly thought that life insurance business is not profitable. Banish that thought. It is very profitable – why do you think all foreign players are trying to get in? So here is the reason: Cost effective distribution […]