Let me start with the caveats. I am a shareholder of L&T, and have been a shareholder for a very long period. I did my articles in Sharp and Tannan, which means I have done the audit of L&T. It was a great audit to be in – you got good food, good work, lot […]
For those who watch the ticker channels hoping to get wealthy, my sincere good wishes. As long as you know (and remember) that Cnbc, Bloomberg, Bloomberg UTV, ET Now, Zee Business, etc. are business channels with a sole aim of making money for themselves (ask their bleeding shareholders), and not to create wealth for you, […]
remember this story was written in July 2011….in fact on 10 July…. Did anybody tell Dhirubhai Ambani that he was very lucky? Take a ‘Taleb’ian view on the success of the late Dhirubhai Ambani. He was a simple man, not very educated, perhaps very well focused, and dammit, GODDAMN LUCKY. Make no mistake there may […]
There is a bunch of investors with whom I am friends with. Some of them are real rich and some of them are super rich. Let us say apart from a nice house with a value of about a Million US $, they would have a net-worth ranging from a Million US $ to 10 […]
I could have written a long article or just said…’I have said it so many times’…! There is no great secret to investing in volatile times. Imagine the situation of a person who is doing a Recurring Deposit in a bank…does he/she think what are the interest rates prevailing? No. He just does his RD. […]
I had a long, funny and sometimes heated discussion with an equity analyst. Not that he is a great analyst – nor is he a bad one. However like most fund managers he believes ‘equity returns are a function of timing’. He says…’see if you had invested Rs. 100 in the index in 1980, it […]
One of the kids in our office said “I can write well”. To me that is like music! So I said, ok write an article on ‘how to select a good broker’. This is what she wrote…Please read it carefully, and read my comments below the article. Do not take it seriously, it is the […]