http://www.subramoney.com/finance-for-non-finance-people-workshop/ Fee based Investment counseling is the cure to all problems, so say the Learned Men. They ought to be correct, because all channels are also saying it. Now I met a ‘Good Intentions’ – we will only do what is good for the client financial planning company. They wanted their ‘planners’ to be able […]
Here is one more story on attitude towards money. A few days ago I attended a function – a sangeet function for a friend’s daughter’s wedding. Here was a gathering of rich people…some rich and showing off, some rich and not showing off. Met an old friend who introduced me to another old friend (Europe […]
The year 2007 was perhaps the last year of the madness cycle – with Ninja and all kinds of excesses. However the market corrected in 2008 and recovered very fast in 2009. The sad part is that the persons responsible in Eurpoe and in USA were not even brought to book – the Banking Regulators. […]
When we were younger – in school and college, the White man spoke DOWN to us telling us what is right and what is wrong. Now we know that Dr. ManMohan Singh is better than Obama, and all our RBI governors are far, far, far superior to Ben Bernanke and his great predecessor! We of […]
I have been getting lots of mails from Nris all over the world – Australia, Bahrain, US, UK,… not sure if there is a pattern..many of them want to invest in India and are wondering how? If i were to address issues relating to Nri investors…what are the areas that YOU would want me to […]
Bad cues from Europe… Not enough Jobs being created in US? (another case of poor reporting) – the Jobs data does not take the increased HOURS into account, ONLY JOBS CREATED…wages seem to have gone up, but what the hell… Fuel price hike…maybe Rs 3.5….then reduced by Re 1….? guaranteed black opening…not sure how much
For a minute forget what the various parts of the financial services industry is telling you. The profitability of this industry seems to be fantastic. Let us take 4 parts of the industry: a. Banking: Over the years the biggest and the richest fortunes have been made by bankers. No doubt about it. Goldman Sachs, […]