a variant of this appeared in www.moneycontrol.com DATE OF ORIGINAL ARTICLE: 2007….NOW we are in 2013….please adjust all dates accordingly… Normally people invest to get returns. No doubt, everyone invests for returns. That magic figure governs the fate of all investment products. The logic in people’s minds is simple: The better the returns, the more […]
The most maligned person in the financial service space is the distributor. It is he/ she who provides the last link between the financial product manufacturers and the end investor. Let us describe the typical distributor: He earns about Rs. 2-3 lakhs a year (a decent MBA would not EVEN consider looking at such a […]
Terror strikes Delhi…and a young lawyer, among others is killed. His uncle says…he had to stand in a queue to go in because he had not taken his coat. Fair enough, the human mind thinks like this. However his uncle should perhaps accept ‘If he had to die on Thursday afternoon in a New Delhi […]
After the fate of IFRS in India, people are wondering will XBRL stay? Or will somebody push it to 2015 and beyond? The answer is really difficult. Let us look at what is happening to XBRL worldwide. The US’s SEC started it slowly – for the top companies – but has now mandated it. BSE […]
I have seen a couple of people related / close to me who had a illness / suffering. One of them took it like “God choose me to have this suffering..I am the chosen one”. Went through Cancer treatment ..well almost laughing. The other person wanted the sympathies of everybody else. Went through a lot […]