Here is a fictitious conversation between an asset-manager and an asset manager’s regulator. Asset Management Association: Good Morning, Mrs. Regulator. R: Good Morning, please take a seat. AMA: Sir, our business is not profitable at all, we need some help. Regulator: Oh yes, the Sarkar was also telling me that we need to help you. […]
There are a few professions where the professionals are expected to earn less. If they earn more, there is jealousy, and almost an accusing tone from other members of society! These professions are teachers, doctors (I mean all types of medical doctors), and priests. People like to ‘respect’ a teacher TILL they conform to […]
If I were to define a millionaire as a dollare millionaire…that would at least make the club a little exclusive. If it is a millionaire – Rs. 1 million – i guess everybody walks into it :). Millionaire today has lost meaning. I guess the Indian equivalent should at least be ‘Crorepati’. Here are some […]
A few days back I had to make an outstation trip. At the time of booking my tickets Jet Airways was on strike – and I was not sure whether it would be called off. And using this opportunity Kingfisher had raised its fare. It got me wild and decided to try Spice Jet. So […]
Many people think only Obama has to deal with Toxic assets. Not true. Not true at all. Many people could have a Toxic asset at home. It could be a toxic wife. What is a toxic wife? Well this is a recent term and describes a breed of women who are gold diggers and constantly […]