A pyt in our office today asked a very innocent question. If inflation has gone up from 9% to 11% in a week, next week will it be 14%? Well the truth is I do not know. However I do know that if it rains 90mm in Mumbai, and it does rain like that for […]
At the India Equity show there were many speakers. One of the good speakers was Mr. Nilesh Shah, CIO, and Deputy Managing Director of Icici Prudential asset management company. He of course is a good speaker from the understanding point of view – his examples are always related to food though :). When he talks […]
I always liked to use this line “It requires a complicated mind to think of simple things”. Of course one needs to add that a thing is simple does not mean it is easy to do. Like giving up smoking, or if you are a pace bowler bowling on or around the off stump. Look […]
Our FM has at last politically consented to an increase in fuel prices. So if you are a shareholder, rejoice. Your company is now perhaps 12 months away from bankruptcy instead of 2. That is about all. Look at the fertiliser subsidy. Who gets it? Farmers growing potato for Pepsi, Coke, ITC, – so that […]
It is customary for people to give sane advice- if you have a kid, the kid should have a PPF account. This advice makes very little sense. First of all most of the people I meet today invest far, far more in a year than the max possible amount of Rs. 70,000 in a PPF […]
Ben Bernanke, Alan Greenspan, P Chidambaram – all three are men with above average intelligence, and reasonably competent in their jobs. However, one thing common to all 3 of them is all of them are trying to play with the rules of economics. They do not let market forces play to the fullest extent. Alan […]
Many friends in the media will feel let down by this post! After all the media spends so much time and effort on the macro. Telling people that they should look at market cycles, inflation, demographics…. Warren Buffet says ” Ignore the Macro, Focus on the Micro”. Clearly business should be concentrating on what they […]