Now the press is asking “why were the signals in ILFS were not picked up”? Completely wrong question. If the signals were sent what did Sebi do? what did RBI do? what did Jetley do? Did Piyush Goyal not hear the squeal for help? Let us take the IPO (OFS) of Icici Securities. Good issue, […]

When markets fall by say even 5% most retail investors whom I know do not withdraw their money, they just sit on cash. I met a big fund manager about 12 months back. This is how the conversation went: Me: I have a lot of Nbfc….what should I do? I mean should I sell? FM: […]

When a doctor finishes his education and training he has to make a choice about being in practice or be in service. It is not easy about which choice to make. The poor kid’s education does not prepare him to take this very difficult decision. Say 30 years ago there were not too many jobs […]

Again a click bait. There is no crisis in the Nbfc space. There have always been well managed banks and badly managed banks. Banks with no political interference, and banks run by politicians. ILFS and IDFC were NEVER in the well managed category. Hopefully with the banking license under its belt, IDFC may have cleaned […]

This is a common question that doctors ask me EVEN IN MY INVESTMENT class. I guess it is fair – your ability to create wealth depends on – a) how well you earn b) how well you invest and c) how smartly you invest. Obviously I only told them that they have to earn well. […]

A very young budding doctor told me “do not go to Apollo..they will charge you Rs. 1500 for just a 45 minute consultancy”. I realised that she was stuck to some figure from her imagination and she was obviously wrong with her math. So I asked her “how much salary would you expect if you […]

Now the fund management industry will tell you the following: Tough times do not last If you invest now you will get more units your average cost will go down when the tide turns you will feel rich it is time to invest MORE, not less sip done over long term gives great results you […]