XBRL stands for eXtensible Business Reporting Language. It has become and is fast becoming THE reporting language internationally. It makes sense to all those people who use accounting information. Extensible means the application can be extended adding machine and human readable tags. Applications: a) for financial statements b) for taxes c) accounting and business reporting […]
He who sells more gets more commission. This is always true for any sales program, unless the product is a monopoly product and the manufacturer could not care. So when a small distributor of mutual fund (or life insurance) compares himself to a big distributor, it is unfair. If a small distributor (let us say […]
Here is LIC trying to sell a ulip plan for creating wealth. Then Mr. Pranab Mukherjee calls up and says “buy ntpc @ 214” so Lic says..ok sir. Wealth for whom? Govt of India? UNit holder? And what is IRDA doing this. Let us say if such a deal was done by Tata, Birla, Reliance, […]
Yesterday I met a pharma distributor. He is really huge – and controls a full state. Just to hide his identity will not reveal which state. He was talking about retail margins in the pharma industry. First of all the ‘billing’ price is far, far below the MRP (which incidentally in India is a fraud). […]
Over the last many years after interacting with people I still cannot understand human behaviour. I can only say that I tried doing something! Over the past 3 days we did an event called the “India investment show”. Fund managers, analysts, company managements, come and make presentations – and the common man can walk in […]
this appeared in reuters.in in their personal finance section in my byline.. Once in a while a man comes along and takes people for a ride. What is amazing about Madoff’s scheme (how funny that he should call it a Ponzi scheme!) Ponzi scheme was actually much smaller. I think it should now be called […]
What a move by the US regulator and followed by the European regulator. Great. Now you cannot short sell. However, please remember you can always buy put options and make money. Unless regulators around the world allow free markets to play, there is no cribbing about how the market behaves. If somebody has short sold […]