Here is a fictitious conversation between an asset-manager and an asset manager’s regulator. Asset Management Association: Good Morning, Mrs. Regulator. R: Good Morning, please take a seat. AMA: Sir, our business is not profitable at all, we need some help. Regulator: Oh yes, the Sarkar was also telling me that we need to help you. […]
It is the world of capitalism (Socialism has failed they say). So Ayn Rand is here to stay. RIP Ayn Rand, please stop shrugging like Atlas! If we were to believe that capitalism works, we have to assume that all the people connected with one company should have the company’s good at heart, correct? Well […]
http://www.subramoney.com/finance-for-non-finance-people-workshop/ Since the name of the game is transparency …all websites should be made to disclose how the costs add up. For example on mutual fund, banking and life insurance sites there should be a ‘disclosure’ of salaries. I should know that the MD got a salary of Rs. 2 crores + esop +….This will […]