How people love a rising market! So one good day and the world wants to announce that the worst is behind us. My foot. Remember it took a long time for the world to recover from the Lehman collapse – a company who had an audited balance sheet. When it comes to countries, you […]
Well we all have heard this right? If you see the amount of money Coke, Pepsi, Citibank spend on lobbying in the US, you know how much of wrong doings they must be doing. The food industry, pharma, insurance, banking, auto and of course the lobbying industry are really the villians in US. It is […]
Are the Indian promoters who destroy shareholder wealth the worst in the world? Or are there some who are worse than that? In the American context there were AIG, Citibank, Goldman Sachs, Lehman, Freddie Mac, Fannie Mae… or should we talk about the worst environmental disaster by BP? Well well, the list is long is […]
If you have a financial planner with a ‘product sale’ mentality – especially who has sold loan products also in the past, there is a good chance that he would suggest leverage. Leverage means borrowing. So read on… Financial planner: Borrowing sensibly is a good way to build wealth. Do a disciplined borrowing and you […]
I must consider my self very, very lucky. During the Harshad Mehta Boom, I bought an office space for personal usage. When the index reached 21000 I had no reason to sell. However just luckily I decided to get out of some very high price earning stocks like Tata Power, L&T, Hdfc, and invest in […]
Once when Brezhnev was taking his mother around his castle, showing off his cars and swimming pool, his mother asked him “Son, what if the Reds came back?” Or so goes a story. If you think there have been excesses in the American economy, please re-think. Top executives at Bear Stearns, Lehman Brothers, AIG (which […]
To provide liquidity to the markets, the FED, the European authorities, along with their Asian counterparts have decided to swamp the banks with money. However, this is likely to come with strings (ropes?) attached. No money comes free – immaterial of whether it is called Debt or Equity. The authorities have put a lot of […]