Here are some reasons why people buy shares: 1. I visited the company and the office and the factory look fantastic: falling for the visual appeal of the factory and office is nothing new. Have seen bankers, auditors, fixed deposit holders….all falling for that trick. At least 10-20 people have given this as a reason. […]
I have written many pieces on ‘buy or rent real estate’. I have got feedback saying ‘If my father had also bought a flat…I would not have bought’. That may not be the right argument. It is a person’s migration from one level of strata to the other one which is marked by ‘buying’ a […]
Once upon a time long long ago I was part of an organisation which did the statutory audit of Hindustan Petroleum. My contempt for Public Sector Units only grew greater. However the people working in some of these organisations were far, far superior to some of the guys I met in the private sector. However […]
Many people have asked me – do you trade? and the answer has always been – ‘kind of’. I am convinced that you can build a kind of permanent portfolio – but you need to be thick skinned, and deaf to all the noise around you. I have been told by many well wishers that […]
I have been inundated by brokers and issue managers alike about why the Stan C public issue of IDR (Indian Depository Receipt) is such a great product. I agree. I would love to have a big global bank with aggressive growth plans in markets like Asia, Africa, …and other parts. So inspite of the fact […]
This article has been repeated…to say that inspite of the so called markets being down this still holds…and the last line is a new addition – a link to Deepak’s site… Over the last 7-10 years you could have heard the following comments: 1. Only banks can give home loans and make money: After all […]
When you see news items like IPO subscribed 40 times, or 200 times do you wonder how? Or when L&T finance debentures at 8.5% p.a. gets subscribed, do you wonder why? The answer is very simple. Merchant bankers are a nice small clique who also run PMS schemes. So when the ‘Investment Bank’ goes to […]