“I M C Shah hereby revoke all my previous wills and by this will made on this date…at Mumbai…do hereby state that all my properties are self acquired..and the house in……………………….an ancestral property in……..is what I have inherited. That should be divided as per the Hindu Succession Act….. My residence in Santacruz is self acquired […]

The cookie cutter definition of a bear market is ‘when it is 20% lower than its previous peak. Previous peak was 30,025. So at about 23000 we are in a bear market. Every market goes through a pullback, correction and of course a bear market. All economists know that markets go through all phases, and […]

Helping older investors – I mean those in the 80s, and even in the 70s is a little tricky. Obviously, they have been investing for about 30-40-50 years, and obviously know what they are doing. Wait a minute – do they really know what they are doing? Ken Fisher talks about his father’s worst mistakes […]

A few years ago I rounded up 10 friends and asked them to gjve a hurdle rate that their investment should give. Most of them had 8% for debt instruments and an amazingly fantastic range of 12% to 40% when it came to equity. Some of them BELIEVED that real estate HAD already given about […]

Investing, Trading, Speculating, and Gambling. If you cannot distinguish between these words, you need to be doing a SIP in a mutual fund and not bother about direct equity at all. Gambling is exciting, Gambling is fun, Gambling can make you very rich – well that is what you think. This is of course wrong […]

You just lost your watch. An expensive one. Or your cycle. Or worse, your lens which you had bought for 450US $. What is your immediate reaction? Anger? grief? ‘why me’? – it is natural. Have you tried ‘Gratitude’ as a reaction? Sounds funny? It sounded funny to me also till about a few years […]

As usual let me start with a caveat. To join a media house and do financial journalism there is no great qualification barrier. There is no training that is necessary. If you took the trouble to learn and get trained, great luck. So our financial journalists do not use very clear terminology, but here is […]