‘My Grandson has run up a HUGE debt…fool he is, so I am going to repay it in one shot’…………….said a friend’s father. Chuckle chuckle….DO NOT REPAY the loan I said. I said again R bhai, do not repay your grandson’s debt, it is not worth it. He was really shocked – knowing my anti-debt […]

Read More →

this was written in 2007-8 and appeared in an abridged form in moneycontrol ….   Hello, Congrats on the nice job you have got! With a degree from an Ivy League school this was a nice job to land. I know you have majored in Finance and are hoping to make money by the tons. […]

Read More →

  Happy Dhanteras (24 October, 2011), Happy Deepavali (26 or 27 depending on your geography), Happy Bhai Bheej (28th) and of course Happy New Year…- for all people from Gujarat, Rajasthan….. Happy Lakshmi Pooja (26th)….for all the business people… May Dhanalaxmi, Dhanyalaxmi, Vidyalaxmi, Mahalaxmi, Dhairyalaxmi, Arogyalaxmi, Shooryalaxmi, …and all other forms of laxmi shower their […]

Read More →

This is an amazing first hand story in the brokerage business. Once upon a time not long ago I happened to be associated with a stock broker who was the 3rd generation stock market broker. He was the Chairman of a brokerage company which we had floated to become a member of the National Stock […]

Read More →