What Greg Smith said in his resignation letter about GS is not a surprise, is it? How many of you were ‘surprised’ at the tone or the content of that letter? Not sure how this is as a career move for him, but I guess it will work. He will be snapped up by many […]
I kept saying that the market perceives that the worst quarter – for a short time at least was the Q ended Dec 2011. Why this quarter? The interest rate increase was felt fully, sales were down…and obviously profits were expected to be down. It is in such a time that the shares (which had […]
If you are an Investor in the developed markets, what should your strategy for investing be? Well here is an attempt to tell them what to do: 1. The share of the Emerging Markets in the World Economy is increasing, and increasing at a fast rate. It is therefore imperative for investors in the […]
Moodys downgraded one tranche of SBI’s borrowing…but the Indian Media has downgraded SBI!! Amazing what lack of training can do. One small tranche of US $ 400 million borrowing has been downgraded by Moodys (which can do no wrong, because Warren Buffet is a shareholder) to D. However, rest assured this is surely a cheap […]
One of the kids in the office said ‘I am planning to buy a house….what should I look for?’ I said house – I have no clue, but have friends in Hdfc and I can give you their numbers…and they may be able to help on the builder feed back… She said….No, no, I have […]
Well none of us know what next…but let us look at the crystal ball: – we all knew that there were scams. Some have come out, many have not yet. – a scam eruption HAS to by definition bring the markets down – as an acknowledgment of the eruption. – markets could remain low / […]
this is reposted because i have written a sequel to this…and that will appear in a couple of days… When a young enthusiastic kid (she reads the blog and finds it embarrassing if her name is used!) came up to me and said ‘Sir, if I have Rs. 10 crores in my life, I will […]