There is a trend that is visible and scary. Many people think that websites, magazines, blogs (including this) can substitute for actual work. Let me explain. Rakesh Jhunjhuwala and Vallabh Bhansali are the more famous names so I am naming them. Both are Chartered Accountants – Vallabh a rank holder at that. Both put in [...]
It is today easy for a person to get a visiting card with a qualification that sounds very good. Let us see if you can pick which one is a degree got with some effort and what is got gratis: Certified Financial Analyst, Certified Public Accountant, Chartered financial analyst, Certified Financial analyst, Certified Financial Consultant, [...]
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 [...]
Some things which look like good practices to a few people look like anti-wealth (or wealth creation mistakes) to a few others. Let us take an example for ‘feeling sorry for oneself’. Does this have anything to do with wealth. Well it is a matter of having a Wealth Mindset or not having a Wealth [...]
A couple of days back I had reproduced a letter from a grateful life insurance nominee. Let me tell you what led to that story…. Here was a young person (aged about 40) who had died. He had 3 life policies from Cos. A, B and C. For obvious reasons, the names cannot be given [...]
Normally advising is a boring, not very paying business. However, when a friend lost a cousin, he called me….and after some efforts the claim got settled. Then I received this letter (surely not drafted by her – her English was not good) but I guess she took the trouble to get this letter drafted…. what [...]