It is funny that to be in any business you need to have some qualification. Let us take the mutual fund business for example. To be the Asset management company – you need to have 5 years of track record of some financial business. You need to have a networth of Rs. 10 crores (to […]
When a client asked me to visit a very successful doctor, I thought he wanted to invest some monies in the equity market. He actually wanted a shoulder to cry about the losses in the F & O market! A small story might be in place. There is a simple mortal who is praying to […]
Let us call this basic economics lessons or Economics 101. This is something that all of us who are pretending to be understanding (ok, making an attempt to understand)…should know. Have not read a more humorous column about economics ever http://www.fool.com/investing/general/2010/05/28/economics-explained-in-90-seconds.aspx?source=ifesitlnk0000001&lidx=1
If there is one China lover, it is Marc Faber. Yes Marc Faber the author of the Gloom, Boom & Doom Report says China is overdoing it. “it does not make sense for China to build more empty buildings and add to capacities in industries where you already have overcapacity. I think the Chinese economy […]
Let us see…getting rich is easy is it not? Get a good degree ——> It will lead to a great job—-> You will earn a lot of money —-> You have got rich. This is one route. Well there are some issues – every body cannot get a good degree..so the scheme is torpedoed at […]
He who sells more gets more commission. This is always true for any sales program, unless the product is a monopoly product and the manufacturer could not care. So when a small distributor of mutual fund (or life insurance) compares himself to a big distributor, it is unfair. If a small distributor (let us say […]
There are a few companies even in the sensex which come with good results quite regularly. In fact the market likes such companies and gives it a high price earning ratio. So far this has been considered good behaviour and well rewarded. However the breaking of the Madoff scandal makes one feel uncomfortable about such […]