What Swami Vivekananda said a few decades ago is so awesome and so all pervasive that one can only gape in admiration. Hindu mythology says a few people finish all their Janmas – from amoeba to a highly evolved human being. Then God decides that they still need to do a small innings in the […]
Here is what a qualified financial adviser told me: Subra, you have no clue at what price HUL makes soap, Colgate makes toothpaste, Jet Airways is able to create the flying service….SO THEY ARE ALL MIS-SELLING. If hospitals, banks, airlines, manufacturers of all products are mis-selling what is wrong if there is mis-selling in financial […]
Actually there are many things that you need to know about the equity markets, but here are a few…. a. Investors make money: Yes, it is the investors who can make money in the equity markets. Very difficult for traders to make sensible money especially over very long periods of time. b. Even Investors make […]
You bought a policy in 2007 for a sum assured of Rs. 25 lakhs. You have paid premia for 2007, 8, 9, and 2010 by cheque. You paid the premium for 2011 by cash. Great, the policy is in force. In Jan 2012 you die. The family sees the policy and calls the agent. […]
Amazing how we keep saying we need FDI. Initially, say 10 years ago, Mr. BiG Bazaar did not want FDI in retail and Mr. Jet Airways did not want FDI in civil aviation. They successfully (lol!!) kept Singapore Airlines-Tata combine from forming an alliance. Awesome lobbying………….or whatever else it was. The media does not want […]
Let me start by saying this again “Short Term Thinking Hurts” and hurts bad. Let us take some examples: There is a wedding where food is served. Of course there are sweets, and very attractive food – well laid out, smelling good, looking good…and of course there is a huge salad table also. There is […]
Principally I have liked what Robert Kiyosaki means when he says ‘home and car are not assets, because they cost you money’ But other than this I have not liked many of his philosophies. Some of the strategies like leveraging and trading on gold (it may have even made money for me if I had […]