Real estate prices are rarely rational! It is just that there is not enough information available in a well organized manner, and people are resistant to change. Take a city like Mumbai. It is impossible to set up a barber shop, an inexpensive eatery (I mean selling dosa at Rs. 50), a general practice or […]
Some of the dreaded questions that this gen asks is so scary…. 1. What do you do? (in the last 30-40 years it has got scary) 2. What is your educational qualification? 3. Where do you live? (location: Country including PinCode) and 4. What car do you drive? Frankly there is a big mafia out […]
It is the world of capitalism (Socialism has failed they say). So Ayn Rand is here to stay. RIP Ayn Rand, please stop shrugging like Atlas! If we were to believe that capitalism works, we have to assume that all the people connected with one company should have the company’s good at heart, correct? Well […]
I am convinced that there is a mafia out there of loan givers, steel manufacturers, cement manufacturers, etc. who want you to buy a house. I have been talking to a couple of builders, financers, investors….and frankly not convinced that the real estate market is any where near mouth watering levels. Same is true for […]
Just wondering what advise would the American investors be getting from their advisers? Well they must be saying: – US has been downgraded, but our government is still able to borrow at rates at their lowest rates in the past 60 years. – US is growing at a rate better than all the others in […]
There is a huge real estate mafia which holds prices unrealistically high in Mumbai. I have no grievances – but it is mispricing all the services available in Mumbai. A trust which owns a school in Santacruz, Khar, Ghatkopar or Chembur (just 4 suburbs) can charge whatever fee it wants. Does it mean the teachers […]
I wish I had joined the mafia – at least everybody would KNOW that I am a bad man! A friend of mine in a high position in a big finance company told me this yesterday! The following are a mix of my views and partly his lament! Having seen Investment banking (I think a […]