Lets remember cash is king. Especially in the short run. In the long run it is a bad asset class and gives you pathetic return. Of course 8% pre tax in liquid is not really pathetic if the inflation is really 4% p.a. I have no idea about what will happen in the market, however, […]
A little about me: I qualified as a CA, trained as a lawyer, did equity research for 2 decades, was a director in a corporate which was a member of NSE. Have been in equity investing for the past 40 years (1979 is when I started, class 12). Maybe it is for people like me […]
the GDP nos. are here…and here are the comments from…. Comments by Mr. B Prasanna, Group Head – Global Markets – Sales, Trading and Research, ICICI Bank on GDP figures announced today “The January-March quarter GDP suffered mostly from a sharp slowdown in industry. Additionally, the core GVA growth (ex-agriculture and ex-Government spending) has dipped to a multi-quarter low. As expected, consumption […]
Even just 50 years ago – when my father was in his 40s – retirement was not such a big issue. Remember that our hunter gatherer was worried about survival. Even in 1947 the average age of death was just 28! Why would a 22 year old expecting to die at 28 think of retirement? […]
LIC which took over the poorly managed IDBI Bank is trying to raise money by selling of the assets of Idbi bank. One of the assets that it is trying to sell is its assets management business – the Amc. Idbi mutual fund has about Rs. 9000 crores and somebody will pay Rs. 500 crores […]
If I were to launch a quant fund today say in financial services – say a Banking Quant fund, would it be a good time? Actually I do not know, but let us say I do launch a fund, and I make the following rules… exclude companies which are owned by rogue promoters exclude companies […]
I am not sure if we are having a Nbfc crisis now. I know that some Nbfc are not able to raise money, but some are able to raise money at sub 9% p.a. if they want to raise more than Rs. 50 crores. However, let me go back to a pet peeve. In 1993, […]