Whenever I do a lecture on personal finance, I do tell people that the MACROS do not matter, the MICRO matters. The inordinately long time that people spend on the macros, p/e ratio of the market, worrying about QE, Obama, Naendra Modi, Jaitely, etc. is stunning, and completely unnecessary. YOU NEED TO CONCENTRATE ON THINGS […]
Some are true and some are myths. 1. Fixed interest rate government bonds are risk free. 2. Interest Rates are set by the Reserve Bank of India. 3. Central Bank Governors do not like Gold because they cannot manufacture it. 4. Gold is a bad investment because it has few productive uses in industry. 5.Tax […]
“Subra tell me If we ask you to train our sales people by what percentage will our sales go up?” I am confronted with this question very often. I really have no clear answer to this. In fact I can only say that the KNOWLEDGE will go up. I have no facts to prove that: […]
Where will the market be in April 2016? or say September 2015? Frankly I do not know, and it does not matter. To make money in the equity markets, you need not know where the market will be 6 months from now or 12 months from now. It is completely irrelevant too. You should have […]
First of all promise me that you will not ASK me how I sat through a meeting which went like this: Prospect: I will require less money after I retire. Me: Tell me which expense of yours will go down please? Food, entertainment, doctor’s bill,….???? P: Ok How much will I require? Me: there are […]
Amazing to see people who have a lot of money but not being able to use it usefully: 1. A father with a net worth of about Rs. 7 crores: His son wanted to be a football coach. Father said No. Son did his engineering (private college, big fees), then went abroad (big fees)…all dad […]
Markets are never risky. Some of the shares are risky given their price. Risk varies with price, does it not? Let us see some of the risks at this point in time…. 1. We have been lulled into a very low interest rate regime in the world. We have no clue what will happen when […]