Ration lines were in existence when I was in school. So one knew that India had a food shortage. Wheat used to be called PL480 wheat – what was unfit for consumption in US was sent to India. One of the honourable Ministers of yester-years Mr. C Subramaniam set up Food Corporation of India. This [...]
Last week did cheating get legalised or has it always been legal? Well if you are in any industry you see two faces (actually more, but for this article 2 will suffice). One face is by the regulators and the powerful people in the industry and the other one is by the weaker ones. The [...]
If you have been in the equity markets for 30 years you have some advantages. First you have seen many players come and go. You keep wondering how many are genuine, how many are fake. Over this period you classify people into platinum, gold, silver, …and of course mud. Fund managers also come in various [...]
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 [...]
IIM Bangalore has a forum…one of them had posted this Just reproducing what I found: NORFOLK, VIRGINIA – Eleven indicted Somali pirates dropped a bombshell in a U.S.court today, revealing that their entire piracy operation is a subsidiary of banking giant Goldman Sachs. There was an audible gasp in court when the leader of the [...]
The mistakes that I made in my equity investing have now been well documented. Now I will tell you some more shares where I did not make ENOUGH money. This is the mistake of spotting the opportunity but not having the brain power to stay through the full journey of wealth creation. Infosys: My investing [...]