Last week a media person asked me a very good question. I thought it deserved a detailed explanation. She said “The world has not seen such a turmoil ever. You can say keep investing in a SIP for 2-3-5 years, but where is the evidence that with so much of volatility, for equities to do [...]
It is the world of capitalism (Socialism has failed they say). So Ayn Rand is here to stay. RIP Ayn Rand, please stop shrugging like Atlas! If we were to believe that capitalism works, we have to assume that all the people connected with one company should have the company’s good at heart, correct? Well [...]
The US is not a socialist country. It is in fact a capitalist democracy. So the people can choose what they eat, what their children eat, how much to save….correct? Well, that is what I have been told to believe by some authors of Economic Thought. However in real life capitalism is about lobbying. For [...]
This week had some interesting events…. – a friend was offered a 30% discount on a retail purchase of a flat in one of Mumbai suburbs – a lovely property belonging to Hindustan Unilever Ltd. did not find any buyer in an auction – at Worli – one girl was killed in Delhi by a [...]
If the CFOs of Tata Steel, Tata Motors, TCS, Indian Hotels came to Mr. Ratan Tata and said we want to set up a mutual fund and a life insurance company how do you think will he react? Most probably he would say we have a mutual fund and a life insurance company so please [...]
“There is a general tendency especially among the intellectual elites to think that IIT and IIM are the cats whiskers and they are doing a great job, right? Sorry Subra our institute is doing a far better job” – so said one person who has been (well almost) responsible for more than 3000 people going [...]