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Not very long ago – say 500 years ago – survival was the ONLY agenda for most people. If you earned money, you had to be sure that you brought it home. Taking a bath meant going to a river or lake. Eating food was not a given, and anyway you lived till the age […]

Very funny question is it not? A real good and honest fund house should be interested in getting good fund managers and having good performance. It should not matter how much of funds they manage. I expect there to be some consolidation in the industry. A few small fund houses SHOULD seriously re-consider being in […]

Can Growth destroy Value? Is it a complicated question? Yes, it is. A very complicated question, and the answer is going to be complicated. It is perhaps a 5 minute read, but a 30 minute understanding kind of a reply, so read carefully! The average RoE in India should be in the range of 15% […]

I am surely among the top 5 people in the country in terms of the number of investors met and Mutual fund distributors met over the past 18 years. No this is not an idle boast, just a statement of fact. I realize the amazing amount of work done by the distributors – including the […]

When people look at Warren Buffett they think of him as a Value Investor. That is the biggest joke in the investing world. WB is an active investor who seeks value in his investing (like all of us). WB is not a fund manager. He is a businessman. He constantly buys business, evaluates them on […]

I used to be amazed at the number of doctors who did not know the difference between ‘realized income’ and ‘unrealized income’. Till I addressed about 400 Chartered Accountants. Then I stopped being shocked. I realized that what is intuitive for some people it is not so intuitive for everybody. What is the difference between […]