1. whenever any pushy ‘RM’ calls me,i tell them that i design those products,so i know it is rubbish ;-).they dont bother further.

  2. many things work. ‘I will ask my brother and then decide’…Sir what does your brother do? ‘He handles the Derivative and Equity desk for Goldman Sachs at Singapore.’

    ‘I will ask my financial planner..normally after speaking to him..I will decide and you may have to make a presentation to him’.

    I do really like the product, can you give me the product head’s name I would like to talk to him

    I really like the product, but RBI’s warning letter has put a hold on this…

    blah blah blah….

  3. Agree completely with the laziness part. More checking and value analysis is done when buying groceries than financial products.

  4. sg it is funny. We check what we understand. I have a friend on the board of a HUGE company. He says (quoting Drucker) ‘We spend more time on whether tea or coffee should be served in the canteen, and less on whether we should bid for a Nuclear power plant. One we understand, the other we pretend we do.’

    We argue with our kids, servants and vegetable vendor. We pay Rs. 600 for a cup of tea in a 5* hotel – because we cannot argue value vs. price. L O L

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