Either the financial services industry is full of people who announce business plans for time pass or I have brilliant 20/20 vision. When Big Bazaar group entered the financial services business, there was a chuckle. However they hired a top notch very (and frightfully) expensive executive….rumored to be paid a few million dollars (US!) then […]
Everybody who sings about one of the best and perhaps smartest businessmen in the world they forget his fees. Warren Buffet charges 25% of the profits as fees from people whose funds he manages. How many people are willing to pay that kind of fees? IN ADVANCE, not 30 years later in retrospect… Remember the […]
You got educated, got married, started investing and quickly you were convinced you should pay for your kids college expenses. So you invest more for your kid’s education and less for your own retirement. No I am not arguing against that. That is for another post! Some big chunk of business that the financial services […]
If you are old enough to remember what is LBO it means you were born in the 1950s or 60s! LBO is a short form of Leveraged By Out. Here a set of employees would get together and decide to buy out the shareholders. Then they would take the company public and make their $ […]