The problem with simple steps is most people do not believe it. I remember that sometime in 1999-2000 in  class somebody asked me ‘give me some simple steps to great wealth’. I said : You mean? He said: suggest 3 shares which will make me good gains over the next 10-15 years. I said: If […]

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Let us face it, when the market was at 15000 most media stories were how: a) people had lost lots of money in the equity markets, b) how fixed deposits and PPF had given better returns over 3 years c) why people should be scared of the equity markets. One good thing about the media […]

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  When you have lived long enough on the planet, you have one great thing – the ability to look back.  Obviously I can look back on investing and can look back about 33 years – when I started. It is also the same age as the relationship with my friend / philosopher / guide […]

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If you are a Value Investor – one of the best times to be buying is when everybody is writing you off. So if the power failure in north India was bad, you should have seen the coverage by the international press! They made it look like..OMG this country wants to be a super power? […]

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No, this is not a post…just a FB type of a comment. When a public issue of L&T Finance was announced (about a year back?)…many of the employees of the L&T group called me. Many of them were thrilled that they would be getting some ‘fixed quota’. I am not sure if I could have […]

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One young fresh MBA girl walked up to me and said ‘I want to get really rich…if you give me just 1% of your wealth, I will be rich’. I said, I will make you rich and teach you to get really wealthy, WITHOUT giving you anything, but by just teaching you…HOW to get rich. […]

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If you wondered how a company can fudge its accounts, well here are some things that they do: – show less expenses: if you want to be more profitable -show more expenses if you want to be seen as less profitable from real life. – increase profits by showing revenue expenditure as capital expenditure – […]

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