These are stories about a few friends. I have 2 friends – aged about 57 years. They were classmates and are now very close to retirement. Their investing philosophies are so different that I could not believe that the accumulated amounts could be so far away from each other. One of them did his MBA […]
This is an amazing first hand story in the brokerage business. Once upon a time not long ago I happened to be associated with a stock broker who was the 3rd generation stock market broker. He was the Chairman of a brokerage company which we had floated to become a member of the National Stock […]
I have 2 friends – aged about 57 years. They were classmates and are very close to retirement. Their investing philosophies are so different that I could not believe that the accumulated amounts could be so far away from each other. One of them did his MBA and joined ITC – and stayed there for […]
continuing the myth busting on rent vs. buy …. “Renting is for poor people.” Of course renting is for poor people – very much true. But it’s for rich people, too. I know if I name some of the people who live in rented houses – with their designations some of you might torch me. […]
A couple of weeks back I had written a post about how the slow down will hurt some industries. Fairly clearly those companies (industries) which have a high cash burn ratio – and who cannot reduce fixed costs will bleed first. Financial services industry – life insurance, broking retail, general retail – are all vulnerable. […]
When the 3 auto majors seeking publice money came to washington – they obviously came by their own private jets. It seems true that the senior executives of companies have forgotten to fly commercial. Of course it can also be justified that they travelled with their entourage of secretary, assistant, …etc. and it was cheaper […]