In 1999 we were members of the National Stock Exchange – a membership got by writing a simple exam in Raja Shivaji School aka King George at Dadar/Matunga. WE went for a meeting to Citibank and they showed us a machine which allowed you to buy a refrigerator or aircon without going to the shop! […]
I am not qualified to say whether you should invest in an AIF, I am just saying “what should be the pre-qualification in an AIF? If your LIQUID net-worth is less than Rs. 10 crores (I mean other than the earmarked GOALs money) and you are willing to risk say 50% of your capital, while […]
I used to consider the performance of my portfolio to be fine – but did not take enough credit for DOING NOTHING aka sitting tight. Now let me tell you that it seems to be an art! One devotee in a temple was asked to serve food to a long queue of people – and […]
Thaler may not have realized how much he has NUDGED the mutual fund industry in India! I have been doing a round of meeting CEO of the mutual fund industry, and it has been a pleasure. This is a mid journey report – and I may do one more, but no promises yet. Behavioral Design […]
Since 1841 when Charles Mackay published his still read amazing best seller “The Extraordinary Popular Delusions and the Madness of Crowds” people believe that there is a pattern to human madness. That is great, and maybe right too. However, the worst delusion is that they believe that by watching closely, they will be able to […]
One of the worst things you can do in personal finance is forget the word ‘personal’. What return a person needs to get (will get is same for all of us ONLY in each asset class) depends on that person’s inflation. Many people forget that inflation is as personal as fingerprint or worse, blood pressure! […]
In 1988 I flew to attend my sister’s wedding in Chennai. I paid Rs. 5000 for a return ticket. In 2016 I went to attend my nephew’s wedding in Chennai I paid Rs. 5000 for the same ticket. That is what competition does to pricing. However competition does one more thing – it kills the […]