Ok This is not about Friedman’s book…it is just that last week I got confirmation of this! In a complex world with a lot of barriers to information flow, it was possible to make money on information arbitrage. Not sure how many readers will believe that in the 1990s it was easy for foreign banks […]
Who said performance is everything…well with no hidden meanings…I am talking about mutual funds..I have looked at many fund houses and wondered..what are they doing. The bad, bad capital markets are still giving money to these fund houses, they have huge cash reserves and well they continue to live. One of the worst things that […]
this is reposted because i have written a sequel to this…and that will appear in a couple of days… When a young enthusiastic kid (she reads the blog and finds it embarrassing if her name is used!) came up to me and said ‘Sir, if I have Rs. 10 crores in my life, I will […]
Here is an article which almost looks suspicious because it is in The Economist. Also coming at a time when Mr. Ratan Tata is being badgered by the media this is a nice article. Read on…it is nice..by the way I am an unabashed admirer of the group…my Mom grew up @ Jamshedpur and still […]
The more I see other industries the more I am convinced that financial mis-selling is causing lesser damage than others. For example a person may end up buying a higher commission product..that is about the worst thing that can happen. I have heard horror stories from gynaecs about the kind of horror stories in their […]
http://www.subramoney.com/book-written-by-me/ Taleb’s latest book is a simple book – with a lot of one liners. Debashis Basu told me at about 3pm on a Saturday evening about this book. So by 3.01 the decision to buy the book was taken. After some work I managed to reach Twistntales – a cosy book shop in Aundh […]
did a story for the Indian Express today on the National Pension scheme…here it is http://www.indianexpress.com/news/nps-nano-of-the-fund-management-industry/761972