If you read the articles on my blog there is malice towards all – if an investor is getting poor returns there is blame to be spread all around. Obviously there is conflict of interest, sales pressures, excessive loads, high fees, charges not being transparent, etc. However one thing the media surely does not want [...]
It takes a long time in the markets with great performance – 17 years – with no great one year or 2 year returns to be called a good manager. No make it great. 29% CAGR – sure some of our business owners (Uday Kotak, Rakesh J, Deepak Parekh, Mukesh Ambani) must have achieved it. [...]
“The government issues a half baked scheme and expects people to buy it?” This is exactly what a person who had a choice told me. He was talking about the NPS. Many people have hailed it as a great scheme. I have serious misgivings. The debt instruments that the NPS buys are not indexed. So [...]
The people with old portfolios – some of them in their ’80s is coming from a completely unexpected source (that is what risk is supposed to be, is it not?). My parents lost Cadbury, Kodak, Hoganas, ITW Signode, …significant shares in their portfolio to a ‘buy-back’ in the 1980s…or 1990s, not sure. Buy-back is a [...]
Despite some weak protests from the BJP the direct tax code in its full avataar has passed through the Rajya Sabha. Now it will go to a committee and then should pass muster at the Lower house also. It is one of the worst interruptors of the whole process of compounding – taxing the capital [...]
Once upon a time (even today it has not really changed much) companies were run for the benefit of the dominant shareholders who were also in management. Even today that happens in companies like Reliance, Birla, Bajaj, Murugappa, – and these are not insignificant in size or contribution to the national kitty. However in the [...]