Many articles in the media sound like PR handouts of the BFSI space, and it makes for amusing reading. Let us take articles saying ‘an income fund or a liquid fund is better than a bank deposit because it is tax efficient….etc. I do agree with that logic, and I do think that income funds […]
Many people confuse risk with volatility. Volatility is not risk. It is like saying that the sea having waves is risky. If you build a ship and sell it saying ‘this ship will sail well when there are no waves’ – sounds like a joke, right? This is so bad that ‘Risk adjusted return’ is […]
There are many people who come to sell equity schemes…and here is the language they use: 1. Sir ‘Equities have given 20% CAGR in India from 1979 till today including dividends’ – so if you invest in equities for 5 years you will get the same kind of returns. Explanation: Equity returns have […]
Many kids or most kids should I say aspire to do their MBA. Sadly the MBA degree in India has too damn high a standard deviation. From the top range IIMs to the ones at the bottom, the gap is too much. The question is – if you are doing your MBA or have done […]
A survey in the USA – the land where ‘Greed is Good’ was created and is defended – showed how people with MORE actually are NOT liking it. Just check what happens when you have more. It actually forces you to choose – whether it is shirts, pants, a big menu card, a coffee shop […]
Not sure whether all the readers know / understand / appreciate in writing a book or a blog. So I thought I should share some thoughts at least: 1. No clue about the audience: I have NO clue at all about who reads my blog. Even if I know some names, I have no clue […]
Instead of worrying about the rating of funds, look at the fees that they charge. A well performing fund with a lot of aum is likely to be charging LESS than a smaller, but poorly performing fund. Of course this is because there is a ceiling on charges…but do remember…FEES ARE IMPORTANT, and of course […]