Those of whom who watched Kaun Banega Crorepati (KBC) would have seen a guy coming from a Rs. 1 crore prize money to Rs. 3.2 lakhs in a jiffy! It is an amazing story of luck vs. skill. I keep telling this to my class – if you are standing in the Melbourne pitch with […]
One very important thing to know while investing and hoping to create wealth is to know about smartness. Which means when you have a good fund manager who is willing to treat all his unit holders equally, you need not have a high IQ. Also when you are investing directly it is better to know […]
Have you ever wondered why people close to you – brother, sister, in laws, friends, cousins, colleagues, do not seek advice BEFORE they buy a financial product? It is my job to wonder why, so I do. Most of the people who consider me their financial adviser (or at least think I know more than […]
I am planning to do a series of articles on how clients get ripped off, this is the first part. The manufacturer – distributor – client is a very funny relationship. It is a tussle where everyone wants to win (as usual) and who ultimately wins is difficult to know except over a long period […]
It is today easy for a person to get a visiting card with a qualification that sounds very good. Let us see if you can pick which one is a degree got with some effort and what is got gratis: Certified Financial Analyst, Certified Public Accountant, Chartered financial analyst, Certified Financial analyst, Certified Financial Consultant, […]
Time and again I have been saying that it is easy for a regulator to go after an industry that is reasonably well organised rather than a completely new one. This is the reason why there is: no white paper on how people lose money in real estate (whom will you chase?) no white paper […]
For readers of my blog this is not a new news. I have not been a fan of any businessman who is more into ‘market capitalisation management‘ rather than business management. When the Reliance Power IPO came at Rs. 450 I did not apply though of course there are many people who applied. I wrote […]