It was in 1969 that the banks were nationalized by an ordinance by Indira Gandhi. Of course there was no public debate or even the parliament was asked! She wanted it, it got done. Funnily the reasons were that the PRIVATE banks gave money only to a select group and there would be concentration of […]
We all love certainty, do we not? We hate uncertainty. Till about 10 days ago we loved the certainty and we embraced risk. Or so we thought. We were happy. God was in heaven. Narendra Modi in Delhi, and all was well with the world. We saw the Index at 28,000…then 30k…then 33k…and it was […]
The Pnb fraud is neither the first in the history of the banks in India, nor is it the last. It is just one of many – in fact one of a very small minority which came out because of its enormity. If it was a Rs. 110 crore fraud, PNB may have just pushed […]
A funny situation: You should buy when there is blood in the streets If you do not buy when the markets are down when will you buy? Markets can be irrational far longer than you can be solvent Never catch a falling knife Ok if you have to navigate between all these market sayings what […]
Respecting the media is difficult. At least I find it difficult. Rarely do they dig out a story, and even if they do, it is used as a negotiation tool. Well this is what one Journalist (almost 60 years of age) told me.. Here, read on… https://www.newslaundry.com/2018/02/17/pnb-scam-nirav-modi-mehul-choksi-indian-business-journalism-media
What are the lies that you tell yourself that hurt your wealth creation process? Or your Retirement process? Let me list a few of them that I hear….. I will start a SIP tomorrow: I mean many people keep telling me that they will start their sip from next week, month or year. Postponing your […]