What is with the market? why did the stock market fall today? Why is the market falling? Well, frankly NOBODY has an answer. Also the 3rd question has a wrong tense. Falling looks like present continuous, it is not. I have no clue whether it will fall tomorrow. I know it fell today. Let us […]
On Thursday (1st Aug) there was a decision in the US where a Goldman Sachs trader was convicted. This is being touted as a victory for the regulator, SEC. This again asks the question – did he do it for his personal benefit or for the benefit of GS? Did his bosses know what he […]
The In thing to do in the Financial services business is to talk about financial literacy. Regulators, politicians, media, investors, venture capitalists……all of them love it! However, the following para (extracted from a book) is worth reading “Financial literacy is a sick joke Wall Street plays with investors and politicians. Even best-of-intentions programs never work […]
I deal with many kids in their 20’s and am normally shocked how little they know about personal finance! Here is a class 101 for parents on what their kids should know (I guess it is like sex education for the parents – they know it is important, but they are personally so confused, they […]
I am still wondering (for the past 20 years!) what attracts people to the financial services industry? All business houses feel the great urge and need to set up an NBFC and then try to grow it to a bank. Not even one has been able to succeed in this (yes I know you are […]
These are some of the dialogs that have happened in my career counseling attempts….Not all of these dialogs are with the same people of course.. So this is how it goes: Student: hello Subra sir can I talk to you for a minute? Subra: You can, but you may not! Ok Sure go ahead… Student: […]
You see some people and wonder from where they get so much energy to serve others! I know of somebody, let us call him P, and he has been serving his parents for almost 2 decades. It has been an amazing service, and I am not sure what gives him so much strength to do […]