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 [...]
Ravana had 10 faces – OK that is for the Kids. But Obama has a few faces – of course the fact that he is not handsome is a problem..but yes many faces. ONe is the BP face – where BP will pay salaries of employees of other rigs – which Obama has stopped. However [...]
http://www.subramoney.com/finance-for-non-finance-people-workshop/ Since the name of the game is transparency …all websites should be made to disclose how the costs add up. For example on mutual fund, banking and life insurance sites there should be a ‘disclosure’ of salaries. I should know that the MD got a salary of Rs. 2 crores + esop +….This will [...]
Are the Indian promoters who destroy shareholder wealth the worst in the world? Or are there some who are worse than that? In the American context there were AIG, Citibank, Goldman Sachs, Lehman, Freddie Mac, Fannie Mae… or should we talk about the worst environmental disaster by BP? Well well, the list is long is [...]
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 [...]