There is one person who is rarely quoted in Financial Circles. He is George Bernard Shaw. He said “Whenever I go to my tailor, he measures me up”. I wish all of us would do it! Once we decide on a particular thing we do not let new facts change our minds. We carry prejudices […]
Many experts in the market now have a view on the market. This is of course only to be expected is it not? It is like when you thrust a mike in front of a person, suddenly he becomes a wise man (person?). Mr. Ken Fisher who is himself a great fund manager and the […]
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 […]
Some businesses are franchises. They have high walls and deep moats around them. Such businesses usually do well in the long run. Some of course create an addiction – ITC is a case in point. Other companies which come to mind are say Wriggley’s gum. When you are spending say Rs. 5 (or Rs. 20) […]
It is customary in film circles to say “i was inspired by Kishore Kumar or S D Burman or …” what have you and then copy their song – either partially or in toto. In fund management too you can copy and the advantage is your money in the bank, is yours. Your money does […]
It takes 20 years to build a reputation and 5 minutes to ruin it. If you think about it, you will do things differently. This is what Warren Buffet has to say about reputation risk. Frankly this is perhaps the most ignored aspect today in financial product sales. Most people who are looking to selling […]