here is an article to support some of us who like to cycle our way around. It is difficult in Mumbai, agreed, but many examples like Mulund -Andheri, Andheri-Powai …are difficult places – but people are doing it. http://getahead.rediff.com/report/2010/jun/09/bicycling-a-new-lifestyle-choice-for-young-successful-indians.htm
http://www.subramoney.com/finance-for-non-finance-people-workshop/ Since the name of the game is transparency …all websites should be made to disclose how the costs add up. For example on mutual fund, banking and life insurance sites there should be a ‘disclosure’ of salaries. I should know that the MD got a salary of Rs. 2 crores + esop +….This will […]
Let us play a game – in school and college we used to call it True or False. Q1. If a person is well educated he will be good at managing money. Ans. FALSE. Completely false. Why do you expect a doctor or an engineer to be suddenly good (or bad) at managing money? No, […]
http://www.subramoney.com/finance-for-non-finance-people-workshop/ Fee based Investment counseling is the cure to all problems, so say the Learned Men. They ought to be correct, because all channels are also saying it. Now I met a ‘Good Intentions’ – we will only do what is good for the client financial planning company. They wanted their ‘planners’ to be able […]
Here is one more story on attitude towards money. A few days ago I attended a function – a sangeet function for a friend’s daughter’s wedding. Here was a gathering of rich people…some rich and showing off, some rich and not showing off. Met an old friend who introduced me to another old friend (Europe […]
The year 2007 was perhaps the last year of the madness cycle – with Ninja and all kinds of excesses. However the market corrected in 2008 and recovered very fast in 2009. The sad part is that the persons responsible in Eurpoe and in USA were not even brought to book – the Banking Regulators. […]
When we were younger – in school and college, the White man spoke DOWN to us telling us what is right and what is wrong. Now we know that Dr. ManMohan Singh is better than Obama, and all our RBI governors are far, far, far superior to Ben Bernanke and his great predecessor! We of […]