Tag: Ece

1

Banking is a profitable business, and simple too!

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From times immemorial banking has been a fantastic business. Ask the Marwaris and the Chettiars. It is a simple business too. Borrow money at 3%p.a. lend it at 6%p.a. and keep the 3% margins. If  I am not wrong it used to be called the 3-6-3 rule of banking. This rule said borrow at 3%, […]

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11

The King as a Trustee

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Most Hindu kings – or the Kings of Indian origin – acted as a trustee when they managed the kingdom’s money. Even though they were the owners, and theoretically they could do whatever they wanted to do with the money, they managed as though they were to be there permanently. This is easy to believe […]

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