I have not written much about the Financial Technologies problem, and about its founder Jignesh Shah. I always felt that the investors who invested in such schemes should have understood that they were taking risk. When SBI was giving 8% p.a. interest, nobody, repeat nobody can give 12% assured, RISK FREE returns. However, most of […]
Sir we are offering you an exclusive all expenses paid trip for 2 to Goa. We will pick you up from your house, and drop you back. You fly in a small private aircraft, landing at Goa on a Saturday evening, 4pm. Yes, you can get your kids along. Of Course, Sir, you can get […]
When we were in college mostly valuation of a company meant calculating the surplus over and above the ‘normal’ return on assets. Of course, I am simplifying a lot, but we could NEVER, ever assume that interest costs would be zero. Never, repeat. So when interest rates are high companies with a lot of assets […]
At various points in time from 1979 till today I could have said this and sounded smart. It is always easy to sound smart being NEGATIVE than being POSITIVE. However, to make money you need to be in equities, not in cash. Simple law of life, is it not? So let me tell you – […]
Suppose you bought a share for Rs. 300 (eps 30, pe of 10), and after one year you find that the share price is at Rs. 600 (eps of 30, pe of 20) and after another year you find that the share is at 900 (eps of 30, pe of 30) – what would you […]
The Financial services industry has always struggled with the fee structure. Even now most of the fees is built into the product sale and is not a separate fee. This is sometimes good and sometimes bad – for the customer and for the advisor. When a client has a fairly constant no activity portfolio -which […]
About 3 months ago I decided that I will not do free or subsidized lectures at all. Does not matter who wants it. Just will not do it. Makes no sense. Most of the people who come have been pulled to attend the class. If they are young, they believe Retirement is too far away, […]