If you are old enough to remember what is LBO it means you were born in the 1950s or 60s! LBO is a short form of Leveraged By Out. Here a set of employees would get together and decide to buy out the shareholders. Then they would take the company public and make their $ […]
If you are a little confused about the title of this story, well you should not be. Many people confuse cheap to be inexpensive. Wrong. Cheap is normally meant to denote quality, inexpensive to describe price. Here is a great life insurance agent who met a client. Unfortunately I had not known her client…I met […]
It is stunning how being a senior citizen is made difficult – in India as much as in US of A. One senior citizen who is hard of hearing (age 83) was approached by a very nice man who said “You seem to be hard of hearing, I can take you to a person who […]
If you are associated with financial services you know ‘misselling’ is a major problem. So I decided to see how much of misselling happens in other products and is it as damaging. The answer is a resounding yes. The financial services sector has regulators (RBI, SEBI, IRDA) who at least make some noises about misselling. […]
this appeared in reuters.in in their personal finance section in my byline.. Once in a while a man comes along and takes people for a ride. What is amazing about Madoff’s scheme (how funny that he should call it a Ponzi scheme!) Ponzi scheme was actually much smaller. I think it should now be called […]
Frankly this is the only ‘advice’ that I give to senior citizens. What does it mean? Well thanks to aggressive selling of mutual funds, life insurance, and of many other products – financial and non financial – senior citizens are also being harassed by salesmen with their vares. What exactly should senior citizens do? Well […]
A senior official in the corporate affairs ministry told ET that “Icici Ventures wants a probe covering the entire working of Subhiksha to uncover possible mismanagement”. This is amazing. Icici ventures has also said that the accounts for June 2008 has not been presented to the Board of directors. And yet in Oct, 2008 they […]