So at last I am entering the business of Fund Management…… and here is my New Product launch: It is a 4% Guaranteed Equity Bond – and will be launched on 1st April 2014. Fund Managers: H S Mehta and K M Parekh Disclaimer: any resemblance to anybody from the past market scams is purely […]
There are so many people today masquerading as financial planners, financial trainers, financial experts on media…I was amused when I heard the statement ‘Equity markets give good average returns’. If you ask me this is brilliant but useless advice! Why? Because to understand equity markets you need to understand Arithmetic Mean, Geometric Mean, Standard Deviation, […]
a variant of this appeared in www.moneycontrol.com DATE OF ORIGINAL ARTICLE: 2007….NOW we are in 2013….please adjust all dates accordingly… Normally people invest to get returns. No doubt, everyone invests for returns. That magic figure governs the fate of all investment products. The logic in people’s minds is simple: The better the returns, the more […]
Once upon a time we had sports. Then the sports became a business. Once it becomes a business, money maximisation becomes a must. So all games have to look ‘great’. So billiards has a lot of coloured balls (what the media did to make you shift from b/w to color is a different story altogether!). […]
The market economy cannot do many things. They cannot reach education to the poor. They cannot reach medical care to the poorest. They cannot feed those who cannot buy food. However it can do many things…and if you read this article you will be somewhat convinced that they need the stock market…so here it is […]
this was written in 2007-8 and appeared in an abridged form in moneycontrol …. Hello, Congrats on the nice job you have got! With a degree from an Ivy League school this was a nice job to land. I know you have majored in Finance and are hoping to make money by the tons. […]
Frankly I do not know whether gold is an investment at all. Over longer periods of time it has been a preserver of value rather than a grower of value. It is not backed by cash flows – you have to find a greater pessimist (only when you believe that there is going to be […]