Many companies are becoming like the film industry. Too much of the people costs are towards the ‘star’ – which leaves very little budget for other costs. Take a movie like Paa. It could NEVER have made money if Amitabh and Abhishek were to be paid market rates. However since it was a family made [...]
“My favorite grandson passed away……” read my sms – my neighbor of 40 years was sending it to me on Jhanmashtami. Hey Krishna what is this..was the only thing I could ask the Lord…this cannot be a birthday cruelty God..then I realised why I was at a loss of words. Orphan, Widow, Widower,…are all words [...]
If all actions are reactions why are Americans hated? Well this is a finance site..so let me stick to what I know. Almost all literature we have read on equity markets is American. The great American investors have written all this literature in the past 50-100 years. This was the time when American companies (fairly [...]
If you read all my posts you will find that I am not such a big US hater, but yes they have got many things wrong. First of all I find the way of calculating GDP is so bad (all over the world including India) that it sucks. For example if there is a big [...]
“The government issues a half baked scheme and expects people to buy it?” This is exactly what a person who had a choice told me. He was talking about the NPS. Many people have hailed it as a great scheme. I have serious misgivings. The debt instruments that the NPS buys are not indexed. So [...]
Once upon a time (even today it has not really changed much) companies were run for the benefit of the dominant shareholders who were also in management. Even today that happens in companies like Reliance, Birla, Bajaj, Murugappa, – and these are not insignificant in size or contribution to the national kitty. However in the [...]