The greatest wealth in the world has not been created by inheritance – but by investing! It is only this generation that can make this comment. We are lucky to be living in times when we can make this statement. Let us take examples of Warren Buffet, Bill Gates, L N Mittal, Azim Premji, Ambani, […]
USA has completely different problems compared to India. The local population just does not save enough. Of course many of them cannot save but just too many of them do not save, but they play lottery. So if you want to make the Americans save, you need to give them lottery tickets for opening a […]
this article on moneycontrol got a lot of good response…almost nobody criticising it. Funnily I feel like what Bheeshma Pithamaha would have felt…everybody comes, takes advise and then does what they want to do… L OL http://wealth.moneycontrol.com/columns/financial-planning/a-letter-to-my-grandson-/14352/0 see all nice comments 🙂 not sure if you guys agree…but rediff.com seems to get the worst people […]
Here are some reasons why people buy shares: 1. I visited the company and the office and the factory look fantastic: falling for the visual appeal of the factory and office is nothing new. Have seen bankers, auditors, fixed deposit holders….all falling for that trick. At least 10-20 people have given this as a reason. […]
Training as a CA has many advantages (and a few disadvantages perhaps). One of the advantages is you get skeptical about numbers, and you get to question conclusions/views drawn from numbers. I remember one life insurance company giving me their settled claims to received claims ratio. Smartly it included maturity claims, investment products, pension plans….suddenly […]
In a kind of surrender to the mutual fund industry SEBI has asked amfi to reconsider becoming a SRO for the mutual fund industry. This is a fantastic joke because it is like asking the Life Council to be a SRO for the life insurance industry. Amfi is NOT A mutual fund voice or body. […]
Yesterday was an auto strike in Mumbai and Thane..the Navi Mumbai goons decided to stay away. The strike brings to the fore how well these hooligans in uniform are organised and how brazen they are. One of the important reasons for the strike – the demand is ‘we will not use the electronic meters’ – […]