I was talking about the power of equity over long periods of time. He was not very convinced – he is a Marwari aged about 60 and a money lender to boot. I was surprised because a few communities which have compounding in their blood – and that too a Maheshwari (sorry, I am not […]

There is absolutely no doubt about who makes the most money in any business – the people who provide the service. The Forbes List has more wealth managers than wealth manager clients. Now if you are a bank with glass doors and leather upholstery, and you recruit people with a top degree and 8 digit […]

I have written a lot about value investing and a lot about ratios. Let me write AGAIN about Return on Capital. I am assuming you all know what is ‘Return on Capital’. Most investors, especially value investors , and old fashioned investors (like me) place a lot of importance on this number. A high ROCE […]

The recent mess in which many companies are finding themselves…right from Adag ….to Zee!! set me thinking on some of the worst investment blunders which keep getting repeated. Not just in 2018, but these mistakes are really..old. Let me ENUMERATE them. Though this is not really applicable to Investment or fund managers (more to businesses) […]

Immaterial of how much you are earning, the limit of 80C is Rs. 1.5L. This was fixed long long long ago. It is an irrelevant number. 80C includes provident fund, term insurance, and children’s school fees. So if you are earning about Rs. 15L a year…and have a housing loan, the chances are that you […]

I am not sure that the Finance Minister reads my blog…nor do I like to tell others what they should do. He has a job to do and he should do it. If I have no job or my job is to write a blog,I should do that. I hate saying this…but I will. The […]

the retail investor / saver is a very funny animal. When interest rates are low, he will crib about interest rates being too low. When interest rates go up he/she will worry about interest rates being too high, and will worry about that. Let us take a retired man who is about 80 years old. […]