When a young couple came to me for a portfolio review…they asked me ‘when will I get rich’. It was the woman who was doing the talking and these are my views, as I told them…. “But..there are no guarantees of ‘richness’ the way you are seeing in the movies. If you are creating wealth […]
If you saw pictures of ‘famous’ people born in the early to mid 1800s you saw them with long beards. Till of course 1900. When 7 o’clock, and other brands of blades had to be marketed, they told you (very convincingly) that beards were gross. It worked. Gillette is the biggest beneficiary of course. Then […]
When you invest in the markets there is one solid reason to be humble. At least you are not driven to suicide when you get things wrong. At all points in time you have errors of omission and errors of commission. It is human tendency to think of your mistakes as ‘could have been avoided’ […]
There is a lot of talk about markets fluctuating, algo trading, high speed trading..etc. as the reasons why people money. High speed trading is nothing new. At various points in time various ‘hi speed’devices have been used. For example even when the Telegraph was used in 1840 for the first time the the US markets, […]
Many a times people ask me for a ‘one pager on financial advice’ that one can give to a 23 year old. So here it is: Success in life comes from investing. So first invest in a good education. There is nothing to beat a good education – a good institute, a good library, some […]
Assuming you have a wife who ….does the cooking, cleaning, banking, looking after your parents, your kids, etc. She chases the carpenter, plumber, security guy, pays the bills (online, fine), does the PR, calls your friends on their birthdays and anniversaries, …. She reads up on investments, pays the premia, pushes you for your annual […]
When you are young you are forced to do some things which you may or may not like. Like mugging up Kabir, mathematical tables, prayers, and of course all the English authors too. You are too young to understand the import – but you mug it nevertheless. As you age you realize the meaning, and […]