Goldman Sachs recently invested Rs. 500 million in Facebook – implying a valuation of US $ 50 Billion! Now this can mean many things – let us speculate! 1. Goldman Sachs (GS) genuinely believes that FB has a valuation of $ 50 billion. 2. There is a FB IPO in the offing and GS has […]
Back from running (walking, jogging, too) and did it in 2:49 hrs. This by itself is not a good number, and it is 4 minutes more than my targeted time of 2:45. However it was still better than my last year’s timing of 2:57! This post is to say something else though! Last year (2010) […]
Sunday ka philosophy quota….by the time you read this I would have finished running (people are so cruel, they call it walking when they see me!) the Standard Chartered Mumbai (half) Marthon, 2011…hopefully in good time… There is always an opportunity to help others – and you have no clue from where it can come. […]
2 calls and 3 sms in the morning had the same message! No it was not about PONGAL, Sankrant, Lohri…..it was: “Anil Ambani has been banned for doing something on the stock exchanges..what does it mean for our investments in Reliance Mutual fund?” Well I do not think this will impact Reliance Mutual fund in […]
Thanks to being an author of a book on Retirement, this question is something that I HAVE TO TACKLE at least once a day if not more than once a day…. Well here is my take (and it is very different from what everybody else in the business has to say): 1. Employees Provident Fund […]
As soon as the horse bolts it becomes necessary to bolt….so we now will talk about REGULATING the wealth management industry: Let us see what can be done: – all wealth management contracts should be 43 pages and have 86 signatures. – if it includes Mutual funds, the trail commission that the wealth manager can […]
Or should I have said happy HARVEST season! So happy Bhogi, happy Makar Sankrant, Happy Pongal, Happy Lohri…. these are festive days all over the country….North, South, West, East are all rejoicing happy kite festival to Gujarat… go and generally have fun….today and tomorrow 🙂 and in the days to come!