From times immemorial banking has been a fantastic business. Ask the Marwaris and the Chettiars. It is a simple business too. Borrow money at 3%p.a. lend it at 6%p.a. and keep the 3% margins. If I am not wrong it used to be called the 3-6-3 rule of banking. This rule said borrow at 3%, […]
http://www.subramoney.com/book-written-by-me/ Taleb’s latest book is a simple book – with a lot of one liners. Debashis Basu told me at about 3pm on a Saturday evening about this book. So by 3.01 the decision to buy the book was taken. After some work I managed to reach Twistntales – a cosy book shop in Aundh […]
Many people who trade and lose a lot of money do not understand many risks..some of them are: 1. Running out of money! If you have no ability to take delivery – which means you have to cut position, your bank balance and your stomach balance both are important. If you lack either one of […]