In almost all trainings – whether it is a relationship managers training or a independent financial analyst’s training, one complaint comes through very loudly. It goes like this: “I have a client who invests 5 a month in a mutual fund regularly. However I am under tremendous pressure to sell him a unit linked plan […]
There are some stories that I really liked as a kid. One of them is the hen that laid golden eggs. Since the average IQ of the readers of this blog is high, and for brevity do not think there is any need to repeat the story. Let us see what the government does when […]
“Of one thing be certain: if a CEO is enthused about a particularly foolish acquisition, both his internal staff and his outside advisors will come up with whatever projections are needed to justify his stance. Only in fairy tales are emperors told that they are naked.” – Warren Buffett Making a projection to impress the […]
Hare and the Tortoise Retold Here is a story of two different investors – who just happen to be real clients of mine. Since I cannot name them I need to give them pseudonyms. One investor is Mr. Kachua. As this is a derived name, you can guess his basic nature – he is cool […]
One little boy was lost in the forest (he was the son of a sage) – his name was Ratnakara. A hunter found him and brought him up and he grew upto be a fine young man. He fulfilled his family needs by hunting and killing people – with an intention to steal. One day […]
I know of a few mis-sellers in the financial services who excel in mis-selling. Let us call them A, B and C. A is so used to mis-selling that when a ‘friend’ wanted to buy a DVD player, he was convincing her to get a lap top. This in spite of the fact that he […]