Tuesday did a session at the MoneyLife office at Shivaji Park….’It is not your income, but your wealth that counts’ . Like everybody, I like to see my pictures – which Moneylife has put up on its website..so please look at it (it will do My ego a lot of good, i think, I do […]
If this really happens smoothly….! XBRL is the new way of presenting data – substantially accounting data, though of course it can be non accounting data also! In the US xbrl data has a common nomenclature for xbrl…now the government of India is planning to do the same thing… http://www.financialexpress.com/news/Centre-to-set-up-common-database-for-all-regulators/708894/
this post is partially repeated…there is a link at the bottom which is not a repeat… I am sure all of you know the cap seller and the monkey story. So why am I telling you the same story again? No this is not the same story, it has a twist. A capseller was looking […]
Those of whom who watched Kaun Banega Crorepati (KBC) would have seen a guy coming from a Rs. 1 crore prize money to Rs. 3.2 lakhs in a jiffy! It is an amazing story of luck vs. skill. I keep telling this to my class – if you are standing in the Melbourne pitch with […]
This is an old post…now reposted to be in tandem… One assignment that an MBA class likes (loves) is to do projects. It better be projects which are easy to do of course! One MBA class where I suggested that they go out meet IFAs and a few customers to find out how the investing […]
A few days back I did a story on what they do not teach at an MBA school…here is one more story. Happened to a CA friend – let us call him RJ. He was considered to be the ‘finance head’ of the business – but he was still a rookie and needless to say […]
What does Sachin Tendulkar’s past performance tell you? Well it tells you he is a great, talented, player with a fantastic attitude…that is all. You cannot use his past 2 years performance to predict what he will do for the next 20 years! Fairly obvious to the common man…but in mutual funds, he is willing […]