Can Growth destroy Value? Is it a complicated question? Yes, it is. A very complicated question, and the answer is going to be complicated. It is perhaps a 5 minute read, but a 30 minute understanding kind of a reply, so read carefully! The average RoE in India should be in the range of 15% […]

I am surely among the top 5 people in the country in terms of the number of investors met and Mutual fund distributors met over the past 18 years. No this is not an idle boast, just a statement of fact. I realize the amazing amount of work done by the distributors – including the […]

When people look at Warren Buffett they think of him as a Value Investor. That is the biggest joke in the investing world. WB is an active investor who seeks value in his investing (like all of us). WB is not a fund manager. He is a businessman. He constantly buys business, evaluates them on […]

I used to be amazed at the number of doctors who did not know the difference between ‘realized income’ and ‘unrealized income’. Till I addressed about 400 Chartered Accountants. Then I stopped being shocked. I realized that what is intuitive for some people it is not so intuitive for everybody. What is the difference between […]

Many people come to my blog and ask in which fund should they invest. Even on the mass media like television or when I write articles for a newspaper this is the question that they ask. Or the question is “I have Rs.20000 please suggest a fund scheme. Now, I can either say “Mirae Emerging […]

I had done a post on Stock Market volatility (hence this is …post 2)…I had mentioned some of the questions that I hear from the audience of my class (aka students)….so let me try answering them..in a post. I do not answer questions one-on-one on email – I do it only in a class room…so […]

II am plain bloody lucky, and I did not need Nassim Taleb to tell me that. Too much of my life has happened by luck. My father choosing to stay in Ghatkopar (a Gujju suburb) instead of Matunga (a Tambrahm suburb in the 1960s, now no longer), to choice of friends in equity markets, doing […]