When you do a business, the Laws of Economics apply to that also. You buy things add your overheads, add profit and sell the product. Or you sell a product and from that you deduct all your costs and what gets left is profits. In the retail business – especially the book business – about […]
For people who have not done Economics – at any level, there is a good chance that they may not know the meaning of ‘Rent’ – in economics, here is the explanation. When you have got used to a certain annuity – generally undeservedly – the rent is threatened. Now if a shop is located […]
A chance to meet many people is a huge, huge advantage of being in sales, training and public speaking. It also helps you interact with people across age groups. Some common characteristics of winners: – Learning continually, and taking every opportunity as a learning opportunity – when they find their boss unreasonable, they double their […]
Recently an article of mine was published in rediff.com. As expected it was about starting early and investing small amounts regularly. What is amazing is the kind of responses that I get when I say something like this – in a class or in writing. Most people who can invest will not. They will keep […]
This is an old idea – many people have said it. Particularly Peter Lynch has said this many times – buy things you are familiar with, what you cannot describe in a picture is not worth buying, etc. There is of course a lot of justification to own shares like Gillette, Colgate, Hindustan Unilever, ITC, […]