Do you know what is defensive medicine? Well it is more an American concept, it is a concept where a doctor does some procedures which are unnecessary, just to protect himself from prosecution in the future. Sounds difficult to believe? One famous Indian doctor said “when a doctor is extremely successful as a surgeon..remember he […]
I am so happy and grateful to God for certain things. One is clarity of thought – which meant I prefer an Internal score card to an External score card. This means I can live in Mumbai – and live without a car. I do not need it. Just one example. Also when you are […]
Suppose one day God comes and gives you some supernatural powers. He says “you will be able to see the future of all the people you know, your friends, relatives,…but you cannot prevent a bad event from happening and you will not be allowed to say it to the concerned person”. So you go to […]
When you are on your own you achieve less than a team. Well that is the theory. I am not getting into whether it is right or wrong, but that is what one hears. To be successful in certain industries – films, television, sport,…it is far more difficult than say investing, what you need is […]
It is always nice to hear the views of Chandresh Nigam – one of the rare CIO -CEOs. I always feel that CIO are interested in increasing the Nav of their schemes, but the sales oriented CEO are interested in increasing the aum. Since most Head of sales cannot sell existing schemes (our payout is […]
On this Guru Purnima day here are a few commandments of finance..not sure it there will be 10 or more. This is dedicated to all the people from whom I have learnt about money. Could be my parents, sibling, cousins, teachers, students, grocer, taxi driver…..I seriously do not know. So here are the commandments: Spend […]
Many people have asked me “Is Hdfc Life Sanchay Plus” a good plan …? I have seen the product and it looks like it will give you about 6.4% p.a. IRR over a real long term. I mean you could put in the money today…for 12 years you get nothing and then you start getting […]