I am perhaps one of those rare people who say ‘An investor is personally responsible for Ruining his portfolio’. Of course there are people who help him on the way, but primarily he and he alone is responsible. A financial planner makes some assumptions about client behavior. Let us see some of the impossibly irrational […]
Is there any great logic to real estate prices or is it just the land, builders and the bank mafia that is responsible for keeping the prices high? Well let us look at the irrationality. Ahmedabad offers land, people and electricity (the needs for a BPO) at 50% of the prices in Malad or Goregaon. […]
remember this story was written in July 2011….in fact on 10 July…. Did anybody tell Dhirubhai Ambani that he was very lucky? Take a ‘Taleb’ian view on the success of the late Dhirubhai Ambani. He was a simple man, not very educated, perhaps very well focused, and dammit, GODDAMN LUCKY. Make no mistake there may […]
Either the financial services industry is full of people who announce business plans for time pass or I have brilliant 20/20 vision. When Big Bazaar group entered the financial services business, there was a chuckle. However they hired a top notch very (and frightfully) expensive executive….rumored to be paid a few million dollars (US!) then […]
I remember a friend saying when he got a tip to buy a share the first thing he would ask the person is – will I be able to sell 500,000 shares without impacting the price of the share? Accumulation happens over a long time, however exit could happen suddenly and swiftly. Also the company […]
A few days ago I did a post sayings ‘Indians are under-insured’. It was so good that Dr. Khan came and commented (!).. However some of the comments were really saddening! When a person died (and his son died with him) – his wife got more money on the child’s policy than what she got […]
There is a big hoopla about XBRL – and all people talk about ‘data integrity’. Well what is data integrity? Well if you are a user of data in India (no clue how it is abroad) you spend half the time wondering whether the data you are using is correct or not.And for those of […]