Not sure how many of you have heard about the book ‘Investment Fables’ – it is a book by Damodaran, and an easy read for the layman. It is not a typical alpha, beta kind of valuation book. This title may not be exactly appropriate, but it is actually a response to many many […]
Yes you read it right! You are reading www.subramoney.com and you are reading ‘buy real estate’. Well let me explain the context. In many local businesses the location of your place of business is critical for its success. If you are a doctor, run a gym, a hotel, a hair-dressing saloon, bank-ATM, etc. your ‘customers’ […]
So many people tell me (OMG and I politely nod) …here is what I wish to tell them: Subra, I made money…. a. buy getting ESOPs in my company b. buy buying a house for Rs. 30 lakhs, now it is worth Rs. 90 lakhs and only Rs. 12 lakhs of the loan is to […]
How people love a rising market! So one good day and the world wants to announce that the worst is behind us. My foot. Remember it took a long time for the world to recover from the Lehman collapse – a company who had an audited balance sheet. When it comes to countries, you […]
Yesterday I met a guy who has been a bear for a long time…Last year Dec 2011 he had told me the following: 1. Volumes will shrink in 2011, and a few brokerage houses will go down. 2. I had asked him “Is Reliance a good buy at about Rs. 12oo”. He said why not […]
It is generally believed that all the MBAs that you recruit come with great communication skills – but may lack in depth knowledge. Experience has taught me one thing. You cannot draw conclusions based on one or two students or colleagues. To draw a conclusion, you need a huge, huge database across genders, medium of […]
One of Taleb’s quotes is ‘never trust an employee’ – I guess it includes commission agents, also. If you are not paying negotiated fees to an adviser, you are paying a pretty high fees in some other form that you cannot see. Here are the case of 2 employees (some coincidence they share a surname). […]