Happens regularly at meets where I am addressing doctors….. Doc: Subra what do you think of Bitcoins? S: It is illegal. Doc: ya it might be illegal but can I buy a little bit. S: It is illegal. Doc: when you say it is illegal what does it mean? S: Exactly that. It is illegal. […]
In 2003 to 2008 it was perhaps not so difficult to trace the risk. The banks were holding the dubious assets and the risk was in their books and in the bonds that they held. Of course the bonds were held by many corporates and the risk was there. However, in 2017, I can see […]
Take a simple product like ULIP. It sells like hot cake because it is a necessity – life insurance, right? Well it makes money for the agent, and for the person managing the risk aka the life insurance company. Wait a minute is it really that profitable? Must be so many people are dying to […]
This is again a serious post, non serious readers can happily skip it. A friend of many moons asked me “are we in a new normal” and that was a good question to ponder over. So he was asking me is it real that “this time it is different”? I was of course loathe to […]
Today is World Suicide Day. Attended Dr. Harish Shetty’s talk in Navi Mumbai. Super Speaker. Sharing a few nuggets from his speech: *For every suicide, 6 people are devasted *30-40% of young adults in India attempt suicide *Depression can appear in many disguises *Depression is Emotional Coma *Disconnection leads to depression *Attempted suicide is accident of […]
Tough post. Not too many people should read this, especially if you are NOT a direct equity investor. Did your parents ever tell you that what others thought was not so important? Well my parents never did but they NEVER did anything because somebody else did it. So that was good behaviour. When I entered […]
If your parents were not well qualified but were hard working carpenters, bus drivers or blue collar workers in the US 25 years ago and you are in the same profession, you are in trouble. Nobody in the US believed that anything could go wrong…say in the 1990s. Then came Free Markets theory. The Americans […]