It is customary for older people to talk about the loose morals of the younger generation, the increased corruption, and lamenting ‘In our times things were not as bad’. Frankly some of the horror stories that I have heard in banking channels makes me wonder, if I have no clue of the eps, why bother […]
A simple man starts a business. He then incurs costs, gives good service and makes some money. The money is enough for him to fund further growth, he expands and grows even better. Then he wants to establish himself further…BUT HE IS EXTREMELY WORRIED about his image and his business. Either he or his children […]
Last week a media person asked me a very good question. I thought it deserved a detailed explanation. She said “The world has not seen such a turmoil ever. You can say keep investing in a SIP for 2-3-5 years, but where is the evidence that with so much of volatility, for equities to do […]
For all those who have been reading about how badly the mutual fund industry, life insurance industry and the banking industry are suffering….please look at the results of all the banks! – Icici bank was more profitable because of the Rs. 350 crores from the life insurance arm – Hdfc mutual fund is the biggest […]
Frankly I do not have an answer…but let us see what can happen. Lots of people who have made money on the up ride from 9k to 20k whom I know are happy to sit on cash earning 10 to 10.5% p.a. interest. See the IDBI bank ad – it is screaming a rack rate […]
Yesterday I had posted a link to Deepak’s blog showing how sensex EPS projection is at best a futile exercise…. well today I am posting a link to how ‘big bang’ retail can create problems, stories, etc. to make a case for itself. Take the case of Gillette – once upon a time (say 125+ […]
Famous words of Mr. R Subramaniam (Subhiksha, Subiksha fame) The problem is that Indian retail was doing too much, too soon. The kind of investments and expansion that Indian retail was attempting was unprecedented. We ourselves added 1,500-plus stores in under 24 months — even for a small store format, this would surely be a […]