For most small investors the guys who come on TV with a slick suit are “more knowledgeable” than the guy in a dhoti. That is because as Indians we like “phoren” rather than Indian. So is our quest for knowledge. Those people who have been long enough in the market know that one man who […]
I attended the India Equity show at Worli Mumbai and heard the following quotes. S Nagnath said “The Golden Rule of investing is that the man who has the gold makes the rules” Sundaram E A (ex hdfc mutual fund) said “It is difficult to teach a man something, if his livelihood depends on not […]
Here is a fine book on personal financial planning! it is called the “Richest Man of Babylon” and was suggested to me by the owner of a cute book shop named twistntales – based in Aundh, Pune. Here is a book review of the same -hopefully it will inspire you to buy the same, and […]
As a financial planner I do spend a lot of time with 16 year olds working in call centers, media companies, banks and so on. When I am with them and discussing their problems, the one question that often comes to my mind is, “If these guys cannot make their monthly salary stretch one month, […]
I just met a 63 year old woman who had lost her parent. She had no clue about either the municipal formalities, banking formalities, or anything else of her late father. She was not a dumb woman. She had a PhD in philosophy, but had given up all that long, long ago for taking care […]
I always liked to use this line “It requires a complicated mind to think of simple things”. Of course one needs to add that a thing is simple does not mean it is easy to do. Like giving up smoking, or if you are a pace bowler bowling on or around the off stump. Look […]
Our FM has at last politically consented to an increase in fuel prices. So if you are a shareholder, rejoice. Your company is now perhaps 12 months away from bankruptcy instead of 2. That is about all. Look at the fertiliser subsidy. Who gets it? Farmers growing potato for Pepsi, Coke, ITC, – so that […]