Some amusing incidents… A friend who heads wealth in a big branded organisation was sitting in his office…and I was one of the persons in the room when this happened. We were having coffee when his immediate assisstant came asking him to come along for a meet. My friend said all the right words..You must […]
Most people do not know what is their biggest asset. They then say – it is my house, my equity portfolio, my car, etc. However then I lead them to the next question: Have you borrowed for your house? They jump and say yes. My house cost me 93 lakhs – i put Rs. 12L […]
Advisor: Sir Please make this investment, it will get you great returns. Client: How much will it give? Advisor: Sir it will give at least 15% return over the next 5 years Client: That is not exciting. May I have something better… This is such a normal conversation, that I cannot even believe what is […]
No I am not reproducing the letter here. This is just some of the side lights from that letter. If the worlds richest man hires you, keeps you for 23 years that is proof that you are good. Just see what he says “When Ajit Jain joined us..we knew we had acquired a great talent. […]
Once upon a time there was a frog in a pond. Obviously like the porverbial frog in the pond, it did not know too much about the world outside. One day the frog got a Rs. 5 coin (when my Grandmom told me the story it was a 0.50 Re coin, but lets adjust for […]
A few financial dilemmas that have been plaguing me. Frankly am looking for an answer! Here they are: 1. How long will IT companies enjoy 30% margins and 30% p.a growth rate for the work that many of them do? 2. How long will there be disparity in salaries in India. High end salary islands […]
Funnily I do not get paid for the best investment advice that I have ever given! Let me enumerate some of the client questions which have been addressed in the negative. For a few of my clients the best investments are those that they did not make – but they do not know the value […]