It is lonely at the top…but surely Hdfc will not mind it. Hdfc Mutual fund became the biggest mutual fund and toppled Reliance to reach that position. Hdfc in most businesses is like the proverbial tortoise…Slow and steady, plod, plod….but once you reach there stick to that position! So Congrats Milind Barve and team for […]
Anybody who comes on television says ‘there is a huge demand for infrastructure, so invest in infrastructure’ -brilliant argument, completely wrong. Experts, if you have forgotten your basic Economics, here is the answer: Demand = Need for a product + Ability to pay+ Willingness to pay. Let us look at another product: Pensions. Who […]
Swami Vivekananda was perhaps one of the clearest thinkers in the past 200 years. He said ‘take responsibility for your actions’. We all know it, but do not always take responsibility for our current affairs….no clue why. I met a dietician friend who said ‘people are what they eat’ and most fat people are fat […]
Moodys downgraded one tranche of SBI’s borrowing…but the Indian Media has downgraded SBI!! Amazing what lack of training can do. One small tranche of US $ 400 million borrowing has been downgraded by Moodys (which can do no wrong, because Warren Buffet is a shareholder) to D. However, rest assured this is surely a cheap […]
Which is the highest rated debt paper in the world? Well it is AAA. However a country does not get its debt paper rated. When I ask my class ‘why does a country not get its debt rated?’ I normally get a wrong answer….well not normally it is always! Let us see why sovereign […]
Never been a fan of big government…or of any kind of government. Surely one thing on which I agree with Ayn Rand… Not been a big fan of UIDAI either…and when I saw that they were nicely sitting in Tech organisations and collecting data for claiming ‘it is growing in popularity’ , the more I […]
Not very long ago people believed you finished your education, got a good job and relaxed. This is no longer true. Welcome to the next 20-30-50 years: 1. Taxes in all forms will GO UP: Frankly there is no attempt by any government anywhere in the world to become more efficient – this will force […]