Look at the financial mess the Government of India is in! Thanks to some traditionally told lies, Governments all over the world have far, far more debt than what they can honestly repay. Big large countries like the US have already cheated the world by making their currencies worthless. Look at what Mamta didi wants! […]
A few years ago there was a run on a bank…surely nobody wants me to name the bank, correct? Well I will not. RBI went out of its way to rescue it. When I was talking to somebody in the management of that bank, he said ‘It is actually RBI’s problem’ – we have no […]
From time to time the definition of what is a ‘good job’ keeps changing. In the 1970s it was a job in the American Oil companies. When people said they were working in ‘Esso’ or ‘Caltex’ – it was a great job. Esso was an acronym for ‘Every Saturday and Sunday Off’ – quite unheard […]
Somewhere in the web world is fantastic CV of a man the world loves – that of Dr Manohan Singh! There seems to be no question about his integrity, his intelligence, simplicity, etc. However, this does not mean he need not stand up to people who are benefiting from his silence! The scams did not […]
When we were younger – in school and college, the White man spoke DOWN to us telling us what is right and what is wrong. Now we know that Dr. ManMohan Singh is better than Obama, and all our RBI governors are far, far, far superior to Ben Bernanke and his great predecessor! We of […]
Do numbers lie? Or is it that liars use numbers to lie? Mutual funds are assessed on the basis of their past performance. So the best fund in the last 3 years is likely to be the best fund in the next 3 years – after all we know history repeats itself! Let us take […]
Many friends in the media will feel let down by this post! After all the media spends so much time and effort on the macro. Telling people that they should look at market cycles, inflation, demographics…. Warren Buffet says ” Ignore the Macro, Focus on the Micro”. Clearly business should be concentrating on what they […]