Understanding mean, median, mode, standard deviation, regression, reversion to the mean – is a pre-requisite to understand financial markets. Let us see some simple examples: It rained 90mm in Mumbai on 22nd July. If it rains like this for 6 months continuously, Mumbai will be drowned. It was 43* C in Lucknow on 23rd May. [...]
Why do people postpone making their will? They think they will never die? Or they are sure that all their heirs know about their inner desires? Well read on…
Today most of us have made much more money than we thought we would make! Surely some of my classmates (ok just a couple of them) with a net worth of Rs. 200 crores plus are kidding themselves if they thought they will make so much money. Frankly when we started life after getting our [...]
Investing is a lot about luck – any investor will tell you that. I have said this in an earlier post also. For example I sold hdfc, l&t, and tata power (skill, I thought they were overpriced in a slowing down market) – they are still way below my sale price. Then I used some [...]
Doctors can create wealth. A lot of wealth. However, it may or may not happen from their earnings alone. It can happen only with good wealth management techniques. Ha, the word wealth may mean different things to different people. When we talk of wealth we mean an amount of money which will let doctors do [...]
Many of today’s equity sales people (never mind if they are hawking mutual funds, direct equity, pms, or life insurance) may not really have a perspective on the long-term positive attributes of equity investing. Certainly, equity markets do not always deliver positive returns in a steady upward fashion. Nor are they obliged to do so. [...]