What happens when gold prices go down? Do we know where all the gold is? Surely when the gold bubble bursts (not sure when, but it will) what will happen? Well for people who like to learn from history please remember that it went up 25 times in the 1970s! It started from an artificially […]
There is only ONE reason why people get into debt. Living beyond their means. Make no mistake there is just one reason. However when people get into debt, and when they come to me, they justify on various grounds…I have very little sympathy -Satyam is never Sundaram, but always SHIVAM!! What are the main reasons […]
LinkedIn came out with an IPO and became an instant hit. I am personally against IPOs – and my reasons have nothing to do with LinkedIn. I am on LinkedIn and have benefited by being on it. However I am not for buying an IPO -EVER. Now LinkedIN was a company created in 2003 and […]
If you hear I have been killed in a road accident, please ask for a CBI probe. The amount of immoral things that corporate India is doing (I am convinced it was not so bad earlier) is unbelievable. The sheer enormity hits you. I have been inundated with mind boggling stories. Many of them involve […]
Financial markets do what all markets do – price discovery. Fish markets find the price of fish, gold markets the price of gold, job markets determine your salary. The price of money means the financial markets mobilize savings into investments – and channel them for various uses. It determines the prices of bonds, equities, warrants, […]
Caveat Emptor. I do not understand interest rates. To be more precise, do not understand interest rates at all. Many people in the floating rate model of interest for housing may not know that they are already paying north of 14.5% p.a. interest on their loans. Ouch. It hurts. For new buyers of big houses […]
Warren Buffet has a fantastic image and a super machinery that keeps his image intact. In fact growing… We saw a few days ago – that WB is: 1. a fantastic CEO of Berkshire Hathaway. 2. His whole portfolio (obviously including the insurance business) is extremely well diversified across industries, geographies, etc. 3. His performance […]