In the pre Sebi and pre NSE days, the BSE (actually it used to be called The Stock Exchange, Mumbai) used to do its settlement once in 15 days. Then it came down to once a week… This meant a lot of weak players would do transactions for a much longer period than what they […]
‘Life insurance is a solicitation business…..’ well no comments! Now Hari Narayan wants the agency channel to close down and only the bancassurance business to survive. Completely from my portfolio point of view, I am very happy. Banks are in a great position to know what you do with your money – and they have […]
recently a friend found out at the funeral of a lady that a ‘rod’ which was supposed to be put in her left leg was not put at all….only when her body was being burnt did they find this out…so he tweeted ‘please get an xray done after an operation…that all things are done’. […]
This is a question that is always difficult to answer. The best thing to do is to fully deflect the question! However with a low IQ it is possible to attempt an answer to this! Even though I do belong to the Peter Lynch gang of saying ‘If you have spent 10 minutes thinking or […]
When we made research reports in the 1990s, we used to have one page on risk factors. One of the risks was ‘Regulatory Risk’ – never bothered about it much.. Now if you are the promoter of a life insurance company, your purse will know what is regulatory risk. Thanks to IRDA’s diktat, all life […]
I do not know whether this is being cynical or this is how life is supposed to be. In the year 2000 when I started doing training as a full time profession, mutual funds were the first port of call. This was not by design but in 2001 the AMFI exam was introduced (it was […]
If you thought Madoff scandal would serve as a reminder against buying shit financial services you thought wrong. Simply wrong. Sadly I know some of these ‘event managers’ , wealth managers, brokerage houses…and others who organize such functions. I also know many rich people who attend these functions as well as wannabes who attend them. […]