If you are a shareholder who started an asset management company and /or a life insurance company hoping to make money, God bless you! For those of us who are shareholders with the Birla, Hdfc, Tata groups – remember we are all funding the insurance and mutual fund businesses indirectly. Kotak bank, Hdfc ltd, […]
There is a stupid lesson that the government is trying to teach the whole world – ‘spend your way out of trouble’. Luckily Indians may not listen to anything that the government says, so they will not listen to this also. Even the average American is refusing to listen to Obama – he is likely […]
It is very difficult to be in the PMS (Portfolio Management Services), Mutual fund business, Broking, Investment banking, …at some stage there is a conflict. There is a conflict between pricing an issue for the IPO and for the customer. What do you do when the promoter of a small company asks you to handle […]
The year 2007 was perhaps the last year of the madness cycle – with Ninja and all kinds of excesses. However the market corrected in 2008 and recovered very fast in 2009. The sad part is that the persons responsible in Eurpoe and in USA were not even brought to book – the Banking Regulators. […]
When we were younger – in school and college, the White man spoke DOWN to us telling us what is right and what is wrong. Now we know that Dr. ManMohan Singh is better than Obama, and all our RBI governors are far, far, far superior to Ben Bernanke and his great predecessor! We of […]
For a minute forget what the various parts of the financial services industry is telling you. The profitability of this industry seems to be fantastic. Let us take 4 parts of the industry: a. Banking: Over the years the biggest and the richest fortunes have been made by bankers. No doubt about it. Goldman Sachs, […]
Are the Indian promoters who destroy shareholder wealth the worst in the world? Or are there some who are worse than that? In the American context there were AIG, Citibank, Goldman Sachs, Lehman, Freddie Mac, Fannie Mae… or should we talk about the worst environmental disaster by BP? Well well, the list is long is […]