People outside the financial industry may not realise the ails of the industry! Let us look at the brokerage industry. Not long ago – circa 199o even until 1999, brokerage rates were falling but still was about 2% per transactions. Then the corporate sector war started – chasing the top line to come out with […]
Recently saw a ‘reputed’ group promoted life insurance company treat its employees shabbily. Norms were made to sack people. So a large scale sacking happened. When the large scale recruitment and branch opening was happening we were at the side lines saying ‘chuckle, chuckle…’ Now we cannot say chuckle, chuckle,…because a few thousand jobs have […]
If you tell students in life you get what you deserve, or what you choose, they look at you like you are from Mars! Imagine a kid coming to me and saying ‘I want to be an equity analyst’ what should I do? Well the answer is simple – start collecting balance sheets and start […]
Amazing how people who do not know anything about debt, equity, mutual funds, risk, real estate, …suddenly turn advisers. No this is not about somebody selling life insurance and mutual fund products, but inside the family ‘advisers’ ever willing to help! They just wait for some ‘helpless’ person and start giving advise. Let us look […]
I got a few calls in the morning (late last evening perhaps) saying ‘OMG I missed the SBI bonds issue…now I will get a much smaller allotment than what I had thought’. Let me correct you Ma’am. You will NOT GET ANYTHING if you applied on Tuesday, because the issue was fully subscribed on Monday […]
Many many and many more people have asked me this question. Why do I not teach at Business Schools? Well let me enumerate the reasons – not even hinting that there are no more reasons! 1. Colleges do not pay well: In Mumbai the kind of money one gets for teaching is so low that […]
One professor of a college wrote into a leading personal finance magazine: “I do not agree with you…Equity is not a great investment. The Sensex started in 1978 at a base of 100 and in 2007 reached 20,700. This means 207%. Now this means it has given a CAGR (think compounding!) of 6.9%. We could […]