Learning about how to handle finance is so damn complicated that no school or college wants it in its syllabus! Most of what people like me write are anecdotal – it is not easy to just copy. For example if I say buying good MNC shares in the 1977 compulsory listing would have been […]
If your biggest buyer buys 80% of your production, he can control price. Economics 101. So Mr. P Chidambaram, the single biggest borrower wants to reduce borrowing costs. Nothing funny or odd about this, right? Well he borrows in many, many forms – and Indians (like many people around the world) LOVE ‘government guaranteed’ kinda […]
I happened to meet a lady who is an IFA. She has been selling LIC policies for the past 10+ years and has also added mutual funds, government schemes, general insurance, to her portfolio. She lives in a society that has about 130 houses and many of them are her customers. She does not […]
Ayn Rand died a few years ago, but has a fan following till date. She was one of the champions of capitalism – it will not be wrong to call her the Karl Marx of capitalism! She assumed that industry will behave well (after all it is in the industry’s interest that people live long, […]
There have been many a study on financial illiteracy…and the conclusions are clear: a. Financial literacy will ensure that there are far lesser number of financial frauds. b. People who are financially literate will (hopefully!) ask for simpler and better products c. If they buy through an intermediary, they will ensure that the product is […]
‘Sebi does not do anything to protect the small investor’….correct? Me: Sebi DOES MUCH MUCH more to protect the small investor than what the INVESTOR HIMSELF does to protect himself. The small investor invests in Hdfc top 200 because Subra says ‘Top 2oo’ is doing well….or Sandeep Shanbhag says it is doing well…..of course there […]
Doctors if you work hard, should your business and money work as hard as you do? This book will help you do this! Doctors study and train hard however their training does not teach them anything about earning and managing money. Money managing is simple, but it has to be learnt. This book will […]