For many people financial problems start with a good intention. Here is a case in point. One person I know has an uncanny ability to get herself into a financial mess. It would be difficult for many people I know to even imagine how ingenious she is in creating trouble for herself. One example here. […]
Awanish Mishra of Money Mantra wrote this editorial …..and it was in Jan/Feb 2010. Since many of you may not have seen it, I am reproducing it: A complete cut paste. Please do not ask for names of the players involved. If A.M wanted to he would have published it :). I was surprised but […]
Once upon a time long long ago there was a village doctor. He examined you, made the medicines and you were all right. The air was clean, people worked hard, and died quite young. Then it evolved…..to where we are today. http://www.subramoney.com/book-written-by-me/ In the wealth ‘business’ we are still at the village doctor stage – […]
Prior to World War II most people in the world were happy living in rented houses. This gave rise to concepts like ‘pagdi’ where you paid a sizeable deposit and a small rent. Mumbai used to be full of such properties . In fact this gave rise to sayings like ‘Fools build (buy?) houses, Wise […]
Continuing my dialogue series… Journo: Subra do you not think the life insurance guys get pampered? Subra: Why do you say so? Journo: 40% of the contribution as a commission is too much, do you not think so? Subra: What about products with 122% commission? http://www.subramoney.com/book-written-by-me/ J: Not possible in the financial service industry…..at least […]
It is still a White Man’s World. And risk perception is decided by the White man. So if he says risk is in emerging countries, well it is time we told the White Man that risk is to be priced that is all. Frankly the Western World is in denial about the Greece problem. There […]
Whenever the receptionist in our office wears a pink dupatta, equity markets go up by at least 50 points. I have no clue whether you would buy shares based on something like this. However, now I am being offered shares of Talwalkar (the fitness people) priced at a price-earning ratio of 44. The logic? Subra, […]