I personally have little at stake in the mutual fund business, but surely the current mess is likely to stay much longer. 2 products which are similar in nature having a different kind of sales incentive is a big danger to one being crowded out. Of course other than the regulator everybody knows it. Khyati […]
If you have been in the equity markets for 30 years you have some advantages. First you have seen many players come and go. You keep wondering how many are genuine, how many are fake. Over this period you classify people into platinum, gold, silver, …and of course mud. Fund managers also come in various […]
This article has been repeated…to say that inspite of the so called markets being down this still holds…and the last line is a new addition – a link to Deepak’s site… Over the last 7-10 years you could have heard the following comments: 1. Only banks can give home loans and make money: After all […]
Why is it that in the case of Satyam and in the world wide mess it is largely the equity shareholder who is losing? Welcome to the world of moral hazard. When you lend money to a bank (which may be insolvent even as you are lending) or to a country (which technically cannot become […]
Thanks to Satyam, now independent directors are all asking for a one-to-one meeting with the statutory auditors. One satutory auditor I know, told the board, sorry “I did not check the cash on hand” – and the board insisted that petty cash (in 47 locations) should be checked immediately. This is what is called being […]