The Sensex may have given 19% returns over 33 years, however it may not have given 19% in any particular year! This is fairly simple – the standard deviation is quite high, and good years are followed by bad years. Simple. In the year 2011 the sensex’s performance looks bad because of the poor [...]
Not very long back I was addressing a group of school teachers – in a big branded school. The school owners were worried about the government allowing foreign schools to come and operate in India – and naturally they were scared. When it came to my turn I asked the teachers: How many of you [...]
This week had some interesting events…. – a friend was offered a 30% discount on a retail purchase of a flat in one of Mumbai suburbs – a lovely property belonging to Hindustan Unilever Ltd. did not find any buyer in an auction – at Worli – one girl was killed in Delhi by a [...]
For all those who have been reading about how badly the mutual fund industry, life insurance industry and the banking industry are suffering….please look at the results of all the banks! – Icici bank was more profitable because of the Rs. 350 crores from the life insurance arm – Hdfc mutual fund is the biggest [...]
Moodys downgraded one tranche of SBI’s borrowing…but the Indian Media has downgraded SBI!! Amazing what lack of training can do. One small tranche of US $ 400 million borrowing has been downgraded by Moodys (which can do no wrong, because Warren Buffet is a shareholder) to D. However, rest assured this is surely a cheap [...]
Let me start with the caveats. I am a shareholder of L&T, and have been a shareholder for a very long period. I did my articles in Sharp and Tannan, which means I have done the audit of L&T. It was a great audit to be in – you got good food, good work, lot [...]