What is a financial statement and how do I create one for my family expenses? How will creating a financial statement help me budget and plan for my family’s future better? This is a question that I am asked quite often. Let me answer it like this: There are various financial statements that an individual […]
A rich man changed his advisor and was not to happy. While at a club, his friend asked him – hey how is your new advisor. The rich man said “Oh! he is good. After shifting to him, I sleep like a baby. I cry every hour!!
In a country like USA where there is a decent press, democracy and a vigilant SEC, the financial fraud culprits are brought to book quite slowly, if at all. What will happen to Indian customers who have been had? How does one react to the CEO of a foreign bank saying “we will make up […]
Normally this blog does not do ‘date stamped’ stories…but this is exceptional. Nilesh Shah’s moving to Icici Prudential from Templeton (circa 2004) meant some conservative guys could look at Prudential Icici Amc (as it was called then, remember?) for investing. The earlier image (K-10 or Ketan?) were all the kind of a cowboy image – […]
No way how I am even thinking of attempting to answer this question! It is really a difficult question to answer, there is also my competence to answer such a difficult question. However look at what happened at Singur! Mr. Tata must be the only industrialist who did not succumb to the blackmailing of Mamta. […]
In every financial planning class I need to do a post lunch session. To keep them awake I ask them to do a simple exercise – calculating how much money they require for retirement. Unless they are at least 32-33 years of age, they have no clue as to how much they need for retirement. […]
Let us see what the law says about Board Composition (some of it is common sense too!): – board should have an optimum mix of Executive and Non-Exec directors – check all remuneration is checked by the Board and approved by the shareholders – check whether the Board has met at least 4 times in […]