One of Taleb’s quotes is ‘never trust an employee’ – I guess it includes commission agents, also. If you are not paying negotiated fees to an adviser, you are paying a pretty high fees in some other form that you cannot see. Here are the case of 2 employees (some coincidence they share a surname). […]
After a particular stage in life you get skeptical about what you read. In the financial services industry, reading an article is important, but reading the byline is perhaps more important. Also knowing why he/she is saying and the tone in which they are saying is also very important. I am not even talking about […]
Either the financial services industry is full of people who announce business plans for time pass or I have brilliant 20/20 vision. When Big Bazaar group entered the financial services business, there was a chuckle. However they hired a top notch very (and frightfully) expensive executive….rumored to be paid a few million dollars (US!) then […]
Having been in the financial services industry for a long time has its advantages and disadvantages. The advantages are you know many people. In fact too many people. So when a product is launched or being launched you get a sneak preview. I had got a sneak preview of the NPS’s rates. Looked too good […]
I am really blessed. Training, writing, teaching takes you places and gives you a lot of time with a very very different set of people. Teaching ensures that you meet the highest energy kids with stars in their eyes and believing that they will change the world. Yes sometimes they do get carried away, but […]
Unless it hurts the leaders…they do not feel the pain. If they do not feel the pain they cannot deliver good solutions. In the financial services industry…the leaders are not feeling the pain of mis-selling, of other mistakes…and it is difficult to give good leadership to people… Read on about leadership and pain read on […]
Being a trainer has its advantages – and it has its disadvantages too! The advantage is I have a ring view of the industry – and have shared it with many of my students. The disadvantage is one tends to get critical or some times hypercritical of events in the financial services industry. If you […]