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 us see what your banker says…..and how you should interpret it… It is not easy being a layman today! The amount of ‘advise’ that is dumped on you is stunning. Advise on where to travel, when to travel, how to reduce weight, how to impress your girlfriend / wife / boss/ …, grow your […]
When all of us feel that there is no risk, risk happens. Like all of us were sure that the markets will go from 21000 to 25000 it went to 9000. Market is a great humiliator -and exactly when you feel you have understood it all, it slaps you. At times it hits you in […]
so much pressure from so many people to ‘feature’ new financial products! It means subramoney has arrived…or is it a case of desperation that products are not selling? I refused to feature products which are generally unnecessary for the readers (may sound pompous, but I am the judge here).. what happens when somebody has a […]
Thanks to my degree, having been a member at the exchanges (albeit corporate), and having been in training, I keep meeting CXOs of mutual funds, reporters and journalists, life insurance companies – and a couple of times even banks. Amazing how they can say the same thing… – invest for the long term -‘I am […]
Last week I was talking to two CXOs of life insurance companies. They had similar problems – but not really the same one. One CXO was still opening branches for selling life insurance – this kind of surprised me. As he was on the sales side, he was saying that the ‘training’ is too long. […]
About 6 months back I had a long list of shares to buy…rather discuss with my broker..let me share some of them.. 1. I thought Reliance was a great buy at Rs. 1150…he said hold on, do not be in a hurry. Today it is sub 800. 2. I thought Tata Motors at 1000 was […]