The Financial Literacy program should start at the Finance Ministry. The FM says ‘Insurance Industry suffers …because of mis-selling’. Bang on. If LIC does not mis-sell and collect huge premia on endowment plans (by the way ULIPs are just a form of endowment plans), who will bail out the PSU companies coming out with IPOs, […]
remember this story was written in July 2011….in fact on 10 July…. Did anybody tell Dhirubhai Ambani that he was very lucky? Take a ‘Taleb’ian view on the success of the late Dhirubhai Ambani. He was a simple man, not very educated, perhaps very well focused, and dammit, GODDAMN LUCKY. Make no mistake there may […]
When you do not know something, there is risk. Many people who buy and sell regularly think they are traders. Well most of them are not. For being a trader you need trading skills, tremendous discipline, fantastic connectivity to the world markets – I know people who see the markets at 9pm, then 1am, then […]
I was stunned when a guy whom I was interviewing said: “Sir Real Estate Prices DO NOT GO DOWN..I have been in the markets for 5 years, and in Navi Mumbai where I have been doing Loan against Property sourcing, I have not seen real estate prices come down, EVER”. Another student/ candidate said: “Sir […]
If you had invested Rs. 10,000 in Wipro and kept all the shares with yourself, and spent all the dividends, your portfolio would be worth Rs. 300 crores (ok it does not matter whether it is 100, 200 or 300 crores) – it is just a gigantic figure! If you had invested in Reliance, Hdfc, […]
Continuing with my Saturday’s blog…Reliance did list at a discount to the “perception price” of Rs. 450 + a premium of Rs. 150-160. It tanked to 390 and then zoomed past 430! So the poor investor who is stuck with the share procured at 430 does not know what to do? I have had people […]
Wockhardt and then Emaar have withdrawn their IPOs. Withdrawn is a joke. The public did not buy them, therefore the issue is gone back. What is the learning? In a rising market nobody, really nobody has any interest in saying that the issue is overpriced and the end customer should not subscribe. A greedy promoter […]