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 […]
Somewhere in the web world is fantastic CV of a man the world loves – that of Dr Manohan Singh! There seems to be no question about his integrity, his intelligence, simplicity, etc. However, this does not mean he need not stand up to people who are benefiting from his silence! The scams did not […]
Let us see what the law says about Board Composition (some of it is common sense too!): – board should have an optimum mix of Executive and Non-Exec directors – check all remuneration is checked by the Board and approved by the shareholders – check whether the Board has met at least 4 times in […]
Teaching used to be a good profession and had a lot of respect…in the ancient times. Drona asked for a fee..and it was not negotiated. He was given a house, a seat in the ‘darbar’ and a lot of respect in the kingdom. However we have come a long way. Kids respect their teachers only […]
When a friend who has Rs. 3 crores of aum says I need to create an income stream for my parents what do you do? worry about the loss of aum? suggest a MIP with 10% equities or tell the truth – the Senior Citizens Saving Yojana – now made convenient by being able to […]
Ravana had 10 faces – OK that is for the Kids. But Obama has a few faces – of course the fact that he is not handsome is a problem..but yes many faces. ONe is the BP face – where BP will pay salaries of employees of other rigs – which Obama has stopped. However […]