No clue whether the allegations against Goldman Sachs will stick but if you have spent even a little time in deal structuring and marketing derivatives…you can understand that THIS COULD HAVE HAPPENED. It is also easy to realise that when a brokerage firm is small and the owner is worried about his reputation, he could […]
I am sure all of you remember the very old story of a farmer who had a hen that laid golden eggs. For those of you who do not remember it…There was a farmer who had a hen that laid golden eggs. He used to be very happy to get a golden egg everyday – […]
Thank God Human memory is short. Imagine if you had a long memory you would remember the punishment you got in class 7 for not doing your home work! However one of the important FAILURES of the 2008 was the rating agency companies ability to know the difference between a AAA and D-. Even now […]
You got educated, got married, started investing and quickly you were convinced you should pay for your kids college expenses. So you invest more for your kid’s education and less for your own retirement. No I am not arguing against that. That is for another post! Some big chunk of business that the financial services […]
I recently saw a post which said ‘Alert Investors already know about ULIPs’. Amazing half truth :). Once upon a time Arun Shourie said “In India what you say depends on where you sit”. This is so amazingly true – look at the Women’s Bill. BJP says it supports the bill, Congress says it wants […]
IPL has done for cricketers what no other pension scheme or benefit scheme could have done for them. It has created a need for a great pool – 10 teams X 9 players means the top 90 Indian players get to earn at least 20-30 lakhs a year. This is not bad in a country […]
How to read a book? – this could have been the title. However since normally this question is asked by my MBA students, I decided to say “What an MBA student should know..” Read on: I have been asked this question many times, so I thought it nice to put down the answer in a […]