The Ceo of a small unlisted company walks into a bank. The very pleasant RM sells him a ULIP. This happened in 2003. He paid the premium in 2003 and 2004..and forgot to pay the premium in 2005. Policy lapsed. In 2005 he bought another ULIP from the same RM (surprising thing is that the […]
Not everybody is keen or happy to share personal financial data with one’s family. Money is very private – and there are men who will not even want their wives to know the more minute details. It can also alter the family dynamics, demands, expenses even impact some other family members negatively! There is a […]
Does Financial freedom allow you to retire soon? Do Financially Free people retire and sit at home? If you saw Prashant Jain’s investment in his own funds, surely he is not ‘working’ to earn a salary, right? He obviously has more money than he requires. Now he is just one example that has come to […]
I have been and continue to be a shareholder in successful businesses. In a few businesses which I saw closely, I realized that they all had one symptom – shortage of cash. The businessman thinks of this as a problem. Sure, if there is a cash shortage, you have a problem – but it is […]
When I started doing equity research we were told to make ‘projected profit and loss account’, calculate the ratios, make the cash flow and then the balance sheet. Today it has a far sexier name – it is called ‘Financial Modelling’. Wow. I was taking a class on equity research and I was asked ‘how […]
Immaterial of your age..just go back and see who are the people whom you remember fondly? It is the people who taught you something – a teacher. This teacher could have taken any form. My mother who made me read Ramayana in 3rd standard (in an till then alien language called Tamil!) – now I […]
When you grow up in Ghatkopar and live there for 3/4ths of your life, most friends tend to be Jains. So over the next few days a lot of them will call me to say ‘Michhami Dukkadam’. And as is wont, I will repeat it. I am communicating far, far more on my blog than […]