The current generation of clients whom I meet is inheriting nice big round amounts of money. However since their own salaries are far, far higher than their parents, the amounts do not look big. This means the `inheritors` may feel bitter about some inheritance arrangements, but it is not leading to too much of litigation. […]
Is the financial service industry doing anything for society? I mean is there a VALUE ADD or is it just getting more and more out of the value adding channel? Not sure? Ask MBA colleges – the financial service industry is a big saviour. Whether it be ICICI, Hdfc, Kotak, Indiainfoline, – all their arms […]
For somebody who has spent a long time watching the mutual fund industry I am not sure whether it is going to be a case of “I knew this will happen” or even worse ‘I told you so’…. How does a fund scheme get launched – rather why? Simply because the sales force has never […]
i got this from The simple dollar…when I read it my first reaction was: OMG did i write this? Shamelessly i have done a cut and paste…and wish I had written it…the nos. and the incidents could have been here or there…but the spirit is completely what I think, believe and act. I guess it […]
There are a lot of people who do not conform. The sometimes do not do well academically in school, office, either marry late or marry badly, some marry ‘outside’ the community,….there are many non-conformist. To me the non-conformist is an enigma. Dr. Balamurali Krishna (he has all the awards other than the Bharat Ratna) is […]
If in the year you are bombarded showing you slides that gold, real estate (would you believe it?), some commodities, and EVEN SAVINGS BANK account or a money market mutual fund have done better than equity over the past 10 (yes repeat ten) years, what would you do? Obviously you will stay away from equities, […]
Overconfidence while investing is one big problem while people invest. Even worse is a half baked understanding of what the masters have said. Let us take just 2 examples…from the big man – Warren Buffet himself. 1. Diversification is for mediocre people: If you do not know what you are doing, you need to diversify. […]