for those of you tracking my running at Stanchart Mumbai Marathon – Scmm – I did a time of 2:29:28…..for my HM this is of course the nth time I am doing it..and presumably my best timing….remember 5 years ago there were no chips to use….
The perennial search for quick money takes us through lot of unknown routes. It takes a lot of hard work, luck, government lobbying, team building – to create companies like Tata Steel, Hdfc, TCS, Infosys, Reliance, Honda Motors. It takes years, if not decades to create good companies too! However a few people feel (and […]
How people love a rising market! So one good day and the world wants to announce that the worst is behind us. My foot. Remember it took a long time for the world to recover from the Lehman collapse – a company who had an audited balance sheet. When it comes to countries, you […]
Recently when a kid wanted to borrow Rs. 20 lakhs, he went to a bank but got bad rates of interest. The documentation was painful, and the family was not sure whether it was the right thing to do. A rich uncle – actually his dad’s younger brother (kids chacha) offered the loan at exactly […]
1. Franklin India Bluechip fund has performed badly. Look at the last quarter. Remember this advice sometime in 2007….and as usual I smiled it away. In fact the EDITOR of a financial mag told me ‘Hey this fund is doing well in my portfolio…why is such a story being carried (somewhere else, thankfully!!). I said, […]
I recently met a 85 year old man who has all his investments in bank deposits and post office deposits. This is a good portfolio – and he has about Rs. 12 lakhs. As his income is below taxable level he does not pay Income tax, nor does he file his IT return. He had […]
A few industries that I have been seeing from close quarters – and have very strong views on are food and health, pharma, financial services. One thing clear in all the 3 industries – the more you complicate, the more money you can make. So whether it is a Kellog, or a Gillette they can […]