Not sure whether I am alone in crying hoarse about the pending US default…but I always get some support from the American media! One of the biggest players in the American bonds market (perhaps the largest) is as skeptical about the bonds issued by Uncle Sam… let us take the worst case scenario of the […]
Once upon a time long, long ago I used to be a practising Chartered Accountant. In 1988 I used to be at the ITAT (Income Tax Appellate Tribunal) quite regularly (definitely on Fridays when the department used to file its Reference Applications!). A few people who used to be regular thereat were some super seniors […]
Oh no this is not in the Indian context, but when you use Google to tag some stories…you do hit on some interesting stories. A few days back Balakrishnan had written a page on the Moneylife site why you should buy from a bank relationship manager. I said chuckle, chuckle. Had neither the intent, willingness […]
Well this note is about Michael Lewis (of Liars Poker fame)…he can write very well for sure Here he is writing about Greek bonds in Vanity Fair…and the article is hilarious. If you think Indian government is inefficient, you will see the Greek government is almost a joke. To call the Greek economy a third […]
In the 1990s big corporates would borrow money from banks and lend it to smaller corporates. All of them played this game – Bajaj Auto, Tube Investments, Parle, Ranbaxy, etc. as lenders and smaller companies like Shaan Interwell, Indiana dairy, Sun Ceramics,….as borrowers. However the overall return that the lenders got could not have exceeded […]
One good thing about being in the Equities business for long is you meet only those people who have created wealth for themselves! So you do meet people who have personal net-worth ranging from Rs. 2-3 crores to people who are in the Rs. 1000 crore + net-worth. Many of them are now in their […]
Who is smarter – the Gujju taxi driver of New York or the Heads of American and European banks? You guessed it…here is a joke.. A naked woman got into a cab late night….the driver kept staring at her without starting the cab. The woman got irked and asked ‘Have you not seen a naked […]