I was reading somewhere (sadly do not remember where) that saving money is very difficult in primitive economies. In one such economy in Africa, the banker CHARGES (yes you read right) charges interest for taking money from you and keeping it safe. And people are used to PAYING interest to have their money safeguarded. There […]
When you went to redeem your units did you get a feeling that they were trying to stall your redemption? 3 mails which I had received made me sit up and think. Is there a pattern, I am not sure. However even when i have attempted redemption I have got the following reactions: – You […]
I have written a lot of obituaries for the Indian mutual fund industry….let us see what an American Investor pays for investing in a mutual fund. Most American investors go through a Broker-Dealer or a financial planner who acts as a B-D. Forget the myth of a fee-based financial planner – he is as difficult […]
It is surprising how the whole world wants a quick fix for everything. Instant weight loss, instead muscle gain, instant riches – trade forex, watch cnbc, …so go and get a quick fix. Write a cheque for $ 1 Trillion…and hey presto all problems will be solved. Correct? Either I am old fashioned or boring, […]
Well this is not a ‘how to guide’ – just a talk that I had with a ‘turn around’ specialist. I met him at a social function and what he said was interesting. Hence the blog article. Many of the things he told me were intuitive. So I will not dwell on things like cut […]
Is Warren Buffet wrong and seen as slipping? Well I could never read Snowball – i thought it was too boring. But now I have renewed respect for the author, so may read it http://epaper.dnaindia.com/showstory.aspx?queryed=3&querypage=6&boxid=30690538&parentid=115947&eddate=May%20%206%202010%2012:00AM However I may not agree with Alice on the Goldman Sachs case. There is too much heart burn all over […]
Only a person who has slept hungry may be able to appreciate this. While writing about the first incident I get goose pimples – and the incident is etched in my mind like it happened yesterday. It happened in 1988 or 1989, not sure about the year. I will not name the participants as most […]