If you are old enough to remember what is LBO it means you were born in the 1950s or 60s! LBO is a short form of Leveraged By Out. Here a set of employees would get together and decide to buy out the shareholders. Then they would take the company public and make their $ […]
I do a lot of training for IFAs – here are somethings that they wish they could tell their clients: – If you can find all the answers on the net, please ask that website to get you a printout of your portfolio when you want, why should I call the fund house? – It […]
Today is Micchami Dukkadam – the Jain way of saying ” To commit mistakes is human, hence I request your Forgiveness, if I have hurt you unintentionally by my words or Action”. Like the American concept of Thanksgiving this too is a fantastic concept. It actually makes you introspect on all the negative actions that […]
I have been a big proponent of financial education, but I hope you understand its limitations. Let me explain. Finance has changed over the past 100 years. In fact the changes in the past 10 years could perhaps be greater than the changes in the past 90 years before the last decade. Now if you […]
Well frankly I do not know whether it is a good time to invest in gold or a great time to get out of gold. But let us look at the obvious reasons to buy or sell. Obvious reasons to buy: 1. The world is busy printing money so value of currencies will fall but […]
If you are a little confused about the title of this story, well you should not be. Many people confuse cheap to be inexpensive. Wrong. Cheap is normally meant to denote quality, inexpensive to describe price. Here is a great life insurance agent who met a client. Unfortunately I had not known her client…I met […]
I was quite amused that a rabid communal (but an honest and capable administrator – please realise there is no contradiction here) Mr. Modi has banned Jaswant Singh’s book. Mr. Modi I am in possession of a book which has said ” What attracted me to Jinnah …was the force of his personality …AND MORE […]