In Hindi there is a saying ‘Bali ka bakra’ – it is the goat which has to be sacrificed. There is no sacrificing of the lion or the elephant, but just a goat. We saw it in the case of the Adag -Reliance communication telecom scam also. Everybody knew who was the beneficiary. He was [...]
I think this is not an article, this is a caveat. When you read my articles, please understand that I suffer from the following biases: 1. City bias: I have lived my life in the comfort of a city with good infra. The infra has been deteriorating over a long period of time, but I [...]
A few days ago I had done a small note on Ayn Rand. She was a Economic Philosophy writer who found that US A had too much governmental interference. If you are a student of Economics you understand the word ‘rent’ in the correct sense. Rent seekers are those people who have been able to [...]
http://www.subramoney.com/personal-financial-planning-workshop/ Yesterday a friend pointed out an interview of Mr. Azim Premji in Economic Times. One quote was: “Subhiksha was unfortunate. I think it is a retail equivalent of Satyam. I think the media has completely ignored it, its a very interesting minefield for you. It is an out and out fraud, there is no [...]
The mistakes that I made in my equity investing have now been well documented. Now I will tell you some more shares where I did not make ENOUGH money. This is the mistake of spotting the opportunity but not having the brain power to stay through the full journey of wealth creation. Infosys: My investing [...]
Year: 2009 Month: July Mr. C B Bhave abolishes mutual fund loads. This event of abolishing loads by SEBI (on the mutual fund sales) there is increasing pressure on other regulators to reduce charges / fees. So the following scenario can emerge: IRDA has decided that all life insurance products – term, unit linked insurance, [...]