As usual, I do not have an answer. However I can lead you to the definition of “Irrational Exuberance”…I hope at least some of you know its association with Alan Greenspan! Well this is what it means: When all people believe that: • The reward will outweigh the risk • This time it will be […]
When you grow up in Ghatkopar and live there for 3/4ths of your life, most friends tend to be Jains. So over the next few days a lot of them will call me to say ‘Michhami Dukkadam’. And as is wont, I will repeat it. I am communicating far, far more on my blog than […]
I am really surprised when people ask me ‘Are we in a bull run?’ Why ask – Of course we are in a bull run. Collapse of a few economies in the world – in the middle east. The European crises – Portugal, Spain, Greece, UK…well not in that order, but you get the drift […]
If you have a financial planner with a ‘product sale’ mentality – especially who has sold loan products also in the past, there is a good chance that he would suggest leverage. Leverage means borrowing. So read on… Financial planner: Borrowing sensibly is a good way to build wealth. Do a disciplined borrowing and you […]
Here is a book review for this great book….and this appeared in BSENSEX – BSE-SENSEX – it is a magazine which goes to the CEOs of companies listed on the BSE and to all its members. The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash” by Charles R. Morris One of […]
We are in a mood of extreme pessimism. So now to talk about “irrational exuberance” may be a little out of place. By the way if you are new to the finance business, you may not have heard of Alan Greenspan or of “irrational exuberance”. Of course Alan can now be said to be of […]
Governments have two major advantages. One they have an unlimited scope for income – agricultural tax, excise duty, service tax, income tax, estate duty, etc. The more worrisome advantage is their ability to print currency notes. Ask Ben Bernanke – he converts coniferous trees into billions of dollars! The worry is for people who lend […]