We still do not know what happened at the banking conclave…or the ‘Gyaan Sangam. Hopefully some manthan must have happened and some amrut may have flown… What he spoke at the Icici function was 1. use cashless transactions – that will reduce black money. Fantastic. Since Na Mo cannot bring back that small amount lying […]
One very important fallacy is called the ‘Sunk cost fallacy’ – which makes us throw more good money after money already gone bad. Typically a lender keeps lending money to one customer hoping that this will enable the borrower to do well and repay ALL the money. Another manifestation of this is called ‘Averaging’ – […]
Seth Klarman, a living legend in the Investment world, said in one of his newsletters, early this year: Someday, financial markets will again decline. Someday, rising stock and bond markets will no longer be government policy – maybe not today or tomorrow, but someday. Someday, QE will end and money won’t be free. Someday, corporate […]
Except investing more and investing for a longer period MAN will do anything to increase his wealth. Fairly obviously the person who starts early, invests more, for a longer period WILL have more money in the corpus assuming the same CAGR. SO a person who starts at age 23 investing Rs. 3000 a month – […]
Here I am taking a more philosophical attitude towards these 3 words, not just their commercial meaning. Spending: When you incur time and money on yourself it is normally called spending. Well let us look at it this way. What you spend should do good to you. Is this a fair definition of spending? Assuming […]
On 31st August I had posted 2 questions…asking how do you think the reactions were.. Well in the first case when the FII threatened the management with dire consequences, the FII thought that the management would fall at its feet. However the broker knew one big limitation that that particular transaction had. So the brilliant […]
For all those people who think that doing business in India is worthwhile because we are an inexpensive destination, please think again. Let us go to the basics of Economics: there are 4 factors of production needed for an enterprise – land, labour, capital, and entrepreneurship. Land: by no stretch of imagination is land cheap […]