Archive for the 'Ethics' Category

Businesses have to be ethical and worried about reputation….

This is perhaps one of the biggest lies that is told to children when they are in school and college. Then you have people like Warren Buffett who say “It takes a life time to build reputation and a very short time to lose it”. So you tend to believe that reputation is very important, […]

Need holistic advisors please

When you go to a doctor you get a feeling that you have gone to a person who is completely ‘loyal’ to one school of thought. So you have a allopathy slave, a homeopathy slave, a unani slave…… NO DOCTOR has the patient’s good at heart? Not sure if it is too sweeping, but why […]

Why the govt is called a Rogue promoter….

I have referred to the low p/e of psu companies many times in my past posts. For many people who do not have any exposure to the government’s way of working, this may sound surprising. Let me also clarify that calling the government a rogue does not mean I am saying that the private sector […]

Smart bankers….and impacted IFAs

For the past one year Mutual funds are falling over themselves to please the bankers. However it is not having a great impact on the net sales. For many mutual funds, the ‘net sales’ figure by the big banks isĀ  NEGATIVE figure. When you talk to a banker however they are not so negative, and […]

Conflict of interest

If you do not know who is paying your financial planner, take heart, you are paying a much higher price than you want to. Frankly it does not matter what a person calls himself / herself. If a person says ‘I will spend time with you and make a financial plan, and I will charge […]

Reduce Mis-selling at financial services Industry….

Unfortunately in India most customers crib, then when they get a pat on the back from a high ranking official, they withdraw their complaint. I am yet to see a court order a full repayment for mis-sold policy and heavy damages suits. There is no fear of God in ANY company. If you do bring […]

Goldman Sachs, Mckinsey, Rajat Gupta….

Ethics and Morality have been the first casualties in this era…so ‘respect’ sounds alien, does it not? Rajat Gupta was not trying to be anything different from a small revenue department clerk – trying to make an extra buck. People like Rajat KNOW what they are doing is wrong. Make no mistake. They are too […]