A few days back there was a post saying why you should buy gold. Of course there could be enough reasons to sell gold. I could not think of many more reasons, here are a few: 1. It is a contrarian call – when every body is buying, maybe selling makes sense (oops you could [...]
Obama wins the Nobel Peace Prize. First of all this is not a joke. Read again if you want. This is perhaps the first time in history that the most bankrupt nation is also the strongest from a military point of view. What they can do with their military power is unimaginable. Obama who goes [...]
“With XBRL you cant hide”, – S.Swaminathan of Iris always said that…Here is what he says: The myiris.com study has thrown up some startling findings. The study has shown that more than 200 listed Indian companies have discrepancies in their annual audited financial results. The discrepancies are such that the numbers simply do not add [...]
The average American saves/ invests much lesser than his Chinese or Indian counterpart. Why does this happen? Simply because the American is sure of his ‘Social Security’ – and that his ‘rich’ country will take care of him. Whereas the average Indian or Chinese provides for his own retirement. A good environment, stability, growing income [...]
Many people think only Obama has to deal with Toxic assets. Not true. Not true at all. Many people could have a Toxic asset at home. It could be a toxic wife. What is a toxic wife? Well this is a recent term and describes a breed of women who are gold diggers and constantly [...]
Why is it that in the case of Satyam and in the world wide mess it is largely the equity shareholder who is losing? Welcome to the world of moral hazard. When you lend money to a bank (which may be insolvent even as you are lending) or to a country (which technically cannot become [...]