Sorry to be talking about the world’s greatest investor in a manner in which nobody addresses him. Apologies, again. However, what must be said, must be said. I do not know whether WB suffers from guilt pangs, I do. When I hear about farmer deaths (Monsanto), Kids killing themselves on Mobikes (Hero, Bajaj Auto), Cancer […]
The financial services industry is supposedly well regulated. What with Rbi, Sebi, Irda, …the alphabet soup in place, does it help the retail investor. Sorry, is it supposed to help the retail investor? These are the regulators, what happens with the so called ‘shareholders appointed auditor’? Let us take the case of mutual funds. Most […]
http://www.subramoney.com/personal-financial-planning-workshop Wockhardt and then Emaar had withdrawn their IPOs. Withdrawn was a joke. The public did not buy them, therefore the issue had gone back. What was the learning? Even 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 […]
At last the market went up by almost 500 points yesterday. Not bad for a market which has had a very rough year so far, with the Sensex with more than 50% loss for the year. This is literally the worst market crash since 1993. The bull run of 1992 was followed by a 46% fall in […]
fuller version of this article of mine appeard in retuers under this heading: The Meltdown’ What to do? As a colleague in the office told me, if you want to fail and you are expecting a storm, fail first! So some of the “early birds” got protection, and then the protection vanished! The […]
Governments have two major advantages. One they have an unlimited scope for income – agricultural tax, excise duty, service tax, income tax, estate duty, etc. The more worrisome advantage is their ability to print currency notes. Ask Ben Bernanke – he converts coniferous trees into billions of dollars! The worry is for people who lend […]