Let us say you have a net worth of Rs. 20 crores, and of this you have Rs. 17 crores which was your ESOP. This is from a friends portfolio …so I can’t name the company. Let it be Google, Facebook, Hdfc Bank, ….does not matter. So this means this guy (or gal) has made […]

The amusing thing about risk is that none of us understand it. A Few people like Taleb understand that they do not understand it. That is what makes him or a Peter Bernstein an expert, and all of us novices. Let me narrate a few REAL LIFE INSTANCES and you can decide whether it can […]

Let us have some gratitude towards many people who have made investing easy and inexpensive. Invariably the first person you should be thanking is Vanguard – John Bogle, the founder. He is the person who dramatically reduced the cost of investing. Remember even in the early ’90s in the USA sales load was 8% upfront […]

Are we in a bull market or a bear market…time alone will tell. However, mathematically, we are not in a bear market. From the peak of 40,000 the market has to be below 32000 to be called a bear market. We are nowhere near that. When I am asked in a class – when is […]

Did this program for the police – helping them invest..done this program with Sumiit Lakhutia…

“Your job is to educate the client…incidentally during this process…he may buy your product” – when the Ceo of a life insurance company said this it sounded funny. Why funny? he was addressing the Financial Consultants who were to sell his products. It is easy for a salaried executive to say such things…but who will […]

Wow…what is the connection? Well just trying to see that the world itself is a series of compounding. Our hills and mountains are a result of compounding of centuries of compounding. Our lives are too small when you compare it to the universe, hence we understand less. Lets see the history of Indian cricket. Till […]