A tells B – if I have 2 houses, i will give you one. If I have 2 cars, I will give you one. However if I have 2 shirts, I will not give you one. So B asks him – ‘Why are you saying that?’ A says ‘Because that is what I ACTUALLY HAVE’….. […]
As soon as the horse bolts it becomes necessary to bolt….so we now will talk about REGULATING the wealth management industry: Let us see what can be done: – all wealth management contracts should be 43 pages and have 86 signatures. – if it includes Mutual funds, the trail commission that the wealth manager can […]
A few days back I did a story on what they do not teach at an MBA school…here is one more story. Happened to a CA friend – let us call him RJ. He was considered to be the ‘finance head’ of the business – but he was still a rookie and needless to say […]
I rarely watch TV…but today morning while flipping channels I saw one Business (read: Markets) channel covering the MCX-SEBI fight… the Anchor asked the journalist covering the incident ‘How do you think will be the REGULATOR’S FACE OFF? Ma’am MCX is likely to be a stock exchange…not a regulator. And the journalist used the words…’adapt’ […]
Let us play a game – in school and college we used to call it True or False. Q1. If a person is well educated he will be good at managing money. Ans. FALSE. Completely false. Why do you expect a doctor or an engineer to be suddenly good (or bad) at managing money? No, […]
When you see news items like IPO subscribed 40 times, or 200 times do you wonder how? Or when L&T finance debentures at 8.5% p.a. gets subscribed, do you wonder why? The answer is very simple. Merchant bankers are a nice small clique who also run PMS schemes. So when the ‘Investment Bank’ goes to […]
Well not long ago in India there was a business group called the Ambani group. When we met as journalists or as analysts we were told that the younger brother Mr. Anil looks after finance. Then one day Mr. Anil Ambani wanted out and the elder brother said ‘let us split’ . So they split. […]