How many of you know what is the Wimbledon effect? It is a tennis tournament played in England. The crowds come from all parts of the world, but is largely English. The ball boys, girls, commentators etc. are mostly English (well well these days things are changing!), but one thing is certain, the winner […]
A finance ministry official says “If foreigners are allowed to invest directly in India, volatility will go down in Indian markets”. I am completely unable to understand this. Like I cannot understand what is wrong with Intra day or Intra month volatility! Markets have always been volatile – the question is how volatile that […]
Ok This is not about Friedman’s book…it is just that last week I got confirmation of this! In a complex world with a lot of barriers to information flow, it was possible to make money on information arbitrage. Not sure how many readers will believe that in the 1990s it was easy for foreign banks […]
In a country like USA where there is a decent press, democracy and a vigilant SEC, the financial fraud culprits are brought to book quite slowly, if at all. What will happen to Indian customers who have been had? How does one react to the CEO of a foreign bank saying “we will make up […]