You have heard this many times…right? The rich get richer..why do you think this happens? Well it is because whenever we buy something we pay a price, right? Well let us say you go to a hotel where a ‘masala dosa’ is sold to you for Rs. 75. Immediately your mind goes to the costing […]
If you thought only Indian politicians talk through their hat…see what Obama said… “The Buffet tax will help us bridge the deficit”. This is exactly what a Pranab Mukherjee or a P Chidambaram tell the PARLIAMENT when they talk about the deficit. The truth is NO politician is worried about what he says because he/she […]
Not how many kids listen to their parents. Well, this is not a new problem – 4000 years ago Socrates had this problem too. I am talking about investing / making education or career choices, making marriage choices…kids blame their parents for everything! I am not sure if you should ask or listen to you […]
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. […]
a few days back I did a story asking are Indian shares expensive – and I said please look at the American markets..they look cheaper. Similarly I have been a big critic of talking of a MARKET being high or low. You have to keep looking at the components of the market..some are always expensive […]
If a company declares a dividend and the customer does not claim it what happens? Well it gets transferred to the Central Government. What happens in case of a mutual fund where the investor has died and the family does not know about it. Well, er, the fund keeps it. Well technically I may be […]
It is funny how many people want to get returns far (the operating word is far) greater than the index! Over a 54 year period my father has got a return greater than 14% p.a. in Hindalco. This is not good, it is great. The two important things are ‘r’ the rate of return and […]