Does Financial freedom allow you to retire soon? Do Financially Free people retire and sit at home? If you saw Prashant Jain’s investment in his own funds, surely he is not ‘working’ to earn a salary, right? He obviously has more money than he requires. Now he is just one example that has come to […]
I have been and continue to be a shareholder in successful businesses. In a few businesses which I saw closely, I realized that they all had one symptom – shortage of cash. The businessman thinks of this as a problem. Sure, if there is a cash shortage, you have a problem – but it is […]
Yesterday was your 54th birthday and you realized that you are no longer in your 40s! Yes it takes 4 years to realize that. Now you may feel as though you do not have much time to accumulate wealth. Partially true, but only partially – you probably have a lot more time than you think. […]
When I started doing equity research we were told to make ‘projected profit and loss account’, calculate the ratios, make the cash flow and then the balance sheet. Today it has a far sexier name – it is called ‘Financial Modelling’. Wow. I was taking a class on equity research and I was asked ‘how […]
Imagination is step one……. If you had subscribed in 100 shares of Wipro company with a face value of Rs. 100 in 1980…you would have had…. Ø1981 1:1 bonus = you have 200shares Ø1985 1:1 bonus = you have 400shares Ø1986 split the share to Rs. 10 = you have 4,000shares Ø1987 1:1 bonus = […]
Immaterial of your age..just go back and see who are the people whom you remember fondly? It is the people who taught you something – a teacher. This teacher could have taken any form. My mother who made me read Ramayana in 3rd standard (in an till then alien language called Tamil!) – now I […]
When you grow up in Ghatkopar and live there for 3/4ths of your life, most friends tend to be Jains. So over the next few days a lot of them will call me to say ‘Michhami Dukkadam’. And as is wont, I will repeat it. I am communicating far, far more on my blog than […]