If you have seen the Sprite ad, you will appreciate this for sure! Mutual funds have a compulsion to raise money continuously – and this they can do only if their sales team is able to sell. However, in a very funny way, ‘what sells is what gets sold’ – so they need to come […]
Here is a story …said in a very spiritual context. It is just as applicable to us as ‘fund managers’, ‘relationship managers’, ‘ifas’ or…what have you. When the markets do well, we keep saying ” I got the client 43% returns” if you are such a genius why is your portfolio in the Red this […]
If you have been following my blog, you may have seen more articles about ‘renting vs. buying’ here is the next instalment. “If I buy a house, I get a tax break.” Business men also get tax breaks when they make losses or incur expenses! As do share buyers, – all are bad deals! The […]
I live in Navi Mumbai (New Bombay) where the rules of the game are different for day to day living. I may sound a little like Raj Thakrey if I said this place has a more North Indian culture than a ‘amchi’ Mumbai culture (where I lived for 42 years before shifting to NM). Mumbai […]
I must consider my self very, very lucky. During the Harshad Mehta Boom, I bought an office space for personal usage. When the index reached 21000 I had no reason to sell. However just luckily I decided to get out of some very high price earning stocks like Tata Power, L&T, Hdfc, and invest in […]
As the equity markets have fallen 50% in this calendar year, 2009 markets have to be up! How appealing – and could it be wrong? You bet it can be. I am a little cramped for data – I have the March ending indices and just ran through it. It is not true at all […]
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 […]