Leveraging (like derivatives) is neither good nor bad. Huge wealth has been created by leveraging (Reliance, Tata, Uday Kotak (net worth Rs. 30 lakhs to market cap Rs. 26,000 crores in 25 years) – and also ALL bankruptcies have been caused by bad management of debt. There are many advantages of gearing or borrowing: a. […]
According to Peter Lynch you should not worry too much about macros. However when you do look at some industries you wonder whether the model allows you to make money at all. For example the airline industry is so badly beaten down that whatever happens I am scared to buy shares of Spice Jet or […]
Bankers in Europe did not behave like this when they were paid moderate salaries. By the time they were in their 50s and could retire they still had to worry about their partnership in the bank to be sold. Indian, Japanese and some other East Asian bankers are not in the same set as the […]
All insurance plans will become taxable – this is terrible news for life insurance policy holders. How capital gains will be calculated will be a major issue. The cap gains calculation will have to be done by the life insurance company – after all they know all the transactions. So software guys enjoy..all life insurance […]
The only solution to old age problems is dying young. There are many myths regarding old age: 1. As your age increases your needs go down: Many old people (age exceeding 80 is old, I presume?) continue to do things the way they were doing 10-13 years back. None of their needs have gone down […]
Today (Friday 16th July, 2010) is a book reading session at Crossword Mulund at 7 pm, all are invited…Deepa Venkatraghavan, Editor, Moneycontrol.com will be the Chief Guest… all the others are welcome to be guests 🙂 – my maiden attempt to write a book (Retire Rich: Invest Rs. 40 a day) and this is my […]
Once you start writing, talking, hosting a program about finance you become a finance expert. So without naming anybody you now know who are the financial experts to whom this country turns to. For example all channels now know what is wrong with Indian cricket – though of course none of them knew before the […]