this article on budgeting appeared in www.moneycontrol.com long back. INCOME: Rs 100, expenses Rs 99, life is fine. Income: Rs 99, expenses Rs 100, life is in despair. (Due apologies to Charles Dickens!) There used to be a time when it was advisable to have regular health checkups when you 45. Now, it’s closer to [...]
Understanding mean, median, mode, standard deviation, regression, reversion to the mean – is a pre-requisite to understand financial markets. Let us see some simple examples: It rained 90mm in Mumbai on 22nd July. If it rains like this for 6 months continuously, Mumbai will be drowned. It was 43* C in Lucknow on 23rd May. [...]
I had put this invite in the month of April /May of 2008. This event will be repeated in May / JUne of 2009 also – hopefully year on year every year….read on…. June 7 and 8 (2008) Nehru Centre, Worli, Mumbai, India will see an unique event for the retail investor. Many fund managers [...]
Which is a good product to take? Mutual fund + term insurance or unit linked insurance plans? Well it depends on the knowledge level of the buyer, and the smartness of the salesman (in India calling people who sell also financial planner is a regrettable fashion statement). Well, let us take a case of you [...]
Ben Bernanke, Alan Greenspan, P Chidambaram – all three are men with above average intelligence, and reasonably competent in their jobs. However, one thing common to all 3 of them is all of them are trying to play with the rules of economics. They do not let market forces play to the fullest extent. Alan [...]
As is fashionable and necessary there is a discussion on a leading channel about how the market will behave. Of course to quote Taleb “Sensible sound bytes is an oxymoron”. So please listen to all the noise and come to your own conclusion. There is Shankar sharma who is predicting that the market might see [...]