If you read all my posts you will find that I am not such a big US hater, but yes they have got many things wrong. First of all I find the way of calculating GDP is so bad (all over the world including India) that it sucks. For example if there is a big [...]
There is no clarity about what happens to the Capital Gains under the Direct tax code. There is one school of thought that the status quo ante has been maintained. This means that short term cap gains will be at 10% and long term cap gains will be at 0% in case of equities and [...]
If you read the articles on my blog there is malice towards all – if an investor is getting poor returns there is blame to be spread all around. Obviously there is conflict of interest, sales pressures, excessive loads, high fees, charges not being transparent, etc. However one thing the media surely does not want [...]
It takes a long time in the markets with great performance – 17 years – with no great one year or 2 year returns to be called a good manager. No make it great. 29% CAGR – sure some of our business owners (Uday Kotak, Rakesh J, Deepak Parekh, Mukesh Ambani) must have achieved it. [...]
“The government issues a half baked scheme and expects people to buy it?” This is exactly what a person who had a choice told me. He was talking about the NPS. Many people have hailed it as a great scheme. I have serious misgivings. The debt instruments that the NPS buys are not indexed. So [...]
The people with old portfolios – some of them in their ’80s is coming from a completely unexpected source (that is what risk is supposed to be, is it not?). My parents lost Cadbury, Kodak, Hoganas, ITW Signode, …significant shares in their portfolio to a ‘buy-back’ in the 1980s…or 1990s, not sure. Buy-back is a [...]