Understanding mean, median, mode, standard deviation, regression, reversion to the mean – is a pre-requisite to understand financial markets. Let us see some simple examples: It rained 90mm in Mumbai on 22nd July. If it rains like this for 6 months continuously, Mumbai will be drowned. It was 43* C in Lucknow on 23rd May. […]
Warren Buffett has some advice for young people, like college students, who want to remain financially independent. It’s not new and its not a surprise, but it is solid counsel on avoiding a very common money pitfall, and worth repeating: “The biggest suggestion I have is to avoid credit cards. Interest rates are very high […]
This is not a debate on whether you will live long or not live long. It is simple and easier to assume that you will live long – pretty long if you ask me. If your grand parents are pushing 85, your father is in his 2nd innings, but still holding a job at the […]
Which is the best channel to watch if you are an investor? Cnbc? Ndtv Profit? Zee Business? … Well what about Animal Planet? O.k. Okay…I am wrong, but please read ahead especially if you are asking me … Will watching Animal Planet help me answer the following questions? Will inflation touch 17% six months from […]
I normally do not write about politics but this are special times! There is a chance that the government will fall (this is a defeat for Anil Ambani) or the government will survive (there is enough that AS and AA can do to irritate Mukesh). However, there is a good chance that if the UPA […]
It is customary for people to say “I do not take any risk in equity markets” all my money is in PPF. Let us look at what are the risks involved in investing in PPF. First of all most of the people I meet today invest far, far more in a year than the max […]
It is customary for people to give sane advice- if you have a kid, the kid should have a PPF account. This advice makes very little sense. First of all most of the people I meet today invest far, far more in a year than the max possible amount of Rs. 70,000 in a PPF […]