The greatest wealth in the world has not been created by inheritance – but by investing! It is only this generation that can make this comment. We are lucky to be living in times when we can make this statement. Let us take examples of Warren Buffet, Bill Gates, L N Mittal, Azim Premji, Ambani, [...]
there will always be a set of believers and a set of non believers. So there will always be some myths. As a blogger it is nice to keep clearing them…because too many people are creating myths very fast. Let me attack 3 myths today (I was told by somebody that people get confused if [...]
Have you wondered why compounding works? Because most people who have passed 7th standard ‘think’ they understand compounding, but many do not. In July, 2006 I had done an article for rediff.com ‘How to become Rich with just Rs. 100″. I have no clue as to how many people read this article – it is [...]
XBRL stands for eXtensible Business Reporting Language. It has become and is fast becoming THE reporting language internationally. It makes sense to all those people who use accounting information. Extensible means the application can be extended adding machine and human readable tags. Applications: a) for financial statements b) for taxes c) accounting and business reporting [...]
How did it feel when the Sensex was at 9000 and Mr. Doom Sayer was predicting sensex at 6500 as the next stop? Did you stop to WRITE down that feeling? Risk is funny – you need to feel it in the bones. And more importantly remember it!! With the Sensex up more than 80% [...]
I had to speak at a Church (Parish) in Mumbai on Investing. In a religious gathering it was necessary to keep in mind what the scriptures said about investing. So the topic I chose was ‘Scriptures and investing’. The Christian community is quite conspicuous in its absence in the financial services field – especially in [...]