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 – [...]
Have you wondered why doctors are not really rich? They do earn well. Even in a lower middle class suburb of Mumbai they do charge reasonably well. For example a specialist (pediatrician) doctor practicing in Navi Mumbai would charge Rs. 250 for a visit. This is not too bad for the 20 minutes that the [...]
The greatest wealth in the world has not been created by inheritance – but by investing! It is only this generation that can make this comment. We are lucky to be living in times when we can make this statement. Let us take examples of Warren Buffet, Bill Gates, L N Mittal, Azim Premji, [...]
This story was told to me in the Indigo flight from Delhi to Mumbai by one of India’s good trainers – and a super story teller. Surprising that he has not thought of ‘Story telling as a therapy’ as a career. His name is Samir Parekh. If you are wondering what is the connection, here [...]
Ego and pride are not really useful elements while investing. Many investors I know have made money because of luck or research done by some other person. However when they apply their minds a little on the shares that they buy, they think they are doing research! My research for example, is completely outsourced to [...]
Last week in my quest to gather information of how doctors live I met a doctor and had a look at his annual cash flow. It almost scared me. Here was a doctor (for our story let us call him Dr. Pradeep married to Bhargavi a house wife). Here is his annual cash flow statement: [...]