Even just 50 years ago – when my father was in his 40s – retirement was not such a big issue. Remember that our hunter gatherer was worried about survival. Even in 1947 the average age of death was just 28! Why would a 22 year old expecting to die at 28 think of retirement? […]

LIC which took over the poorly managed IDBI Bank is trying to raise money by selling of the assets of Idbi bank. One of the assets that it is trying to sell is its assets management business – the Amc. Idbi mutual fund has about Rs. 9000 crores and somebody will pay Rs. 500 crores […]

If I were to launch a quant fund today say in financial services – say a Banking Quant fund, would it be a good time? Actually I do not know,  but let us say I do launch a fund, and I make the following rules… exclude companies which are owned by rogue promoters exclude companies […]

I am not sure if we are having a Nbfc crisis now. I know that some Nbfc are not able to raise money, but some are able to raise money at sub 9% p.a. if they want to raise more than Rs. 50 crores. However, let me go back to a pet peeve. In 1993, […]

UIDAI aka Aadhar for all practial purposes was started with great fanfare. Nandan Nilekani will not even admit that it has security issues. Forget security issues one of the service providers is Karvy and he has a wealth/ registrar/mutual fund selling business. Did Karvy use the database to build its business? I leave it to […]

This is another story on risk…if you remember I wrote one a few days back. This is the story again of a doctor. In all his wisdom this doctor bought a ‘second home’ in a gated community about 100 km from his house. No, it was not a hill station, but had beaches about 5 […]

For those of you who don’t understand cricket, it is just a game. If you like cricket – immaterial of whether it is a T20 or a ODI, you realize that it has a opening, a middle and an end game. The transition from one stage to another has to be smooth – and it […]