A couple of weeks back I had written a post about how the slow down will hurt some industries. Fairly clearly those companies (industries) which have a high cash burn ratio – and who cannot reduce fixed costs will bleed first. Financial services industry – life insurance, broking retail, general retail – are all vulnerable. […]
This is crazy. What has happened in Satyam for me looks like an action replay. When Ketan Parekh was ramping up his’K10′ shares I was asked why am I not buying a particular ‘S’ software. It was flouted to me that a particular fast growing fund was buying its shares and the company was doing […]
This is actually very personal! First of all the Satyam episode is shocking. NO doubt about it. However, if you have dealt with corporate India, when I say shocking, I only mean the size. NOt the modus operandi. Many, many corporates have done it in the past. Lets go back to the start of Satyam. […]
Kaun Banega Crorepati? Well this is what Amitabh Bachan asked you for a whole year! Of course everybody realized that the Indian is now wanting to be more than a crorepati. So the stakes in the game shows increased from Rs. – 1 to 5 to 10 crores! Frankly unless you are already a crorepati, […]
In every financial planning class I need to do a post lunch session. To keep them awake I ask them to do a simple exercise – calculating how much money they require for retirement. Unless they are at least 32-33 years of age, they have no clue as to how much they need for […]
Why do people postpone making their will? They think they will never die? Or they are sure that all their heirs know about their inner desires? Well read on… The current generation of clients whom I meet is inheriting nice big round amounts of money. However since their own salaries are far, far higher than […]
Today most of us have made much more money than we thought we would make! Surely some of my classmates (ok just a couple of them) with a net worth of Rs. 200 crores plus are kidding themselves if they thought they will make so much money. Frankly when we started life after getting our […]