Let us take a typical Punjabi wedding in north India….there are many people who carry guns and fire in the air. Why the do it does not matter, but they do it. Or let us take the case of a kid who is asking his mother permission to go to a friend’s house – and […]
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 […]
Doing a series on how clients get ripped off! Each part is independent of the previous one. The first one was about Education. So continuing the education rip off. First we spoke of the ‘urban’ boy / girl who is on a self rip off mode. Take the case of a carpenter whose daughter is […]
The US gives us a feeling of being rich. It reminds me of what Sharad Pawar once said about the Congress (he had just quit Congress about a month ago). S P said “Congress is like the Indian zamindar (landlord)…the zamin(land) is gone, but the zamindari (landlord like behavior) is still there”. Exactly the same […]
I know of a person (whose wife was cribbing to me!) who gets into a new hobby every 1-2 years. That is not so bad. He gives up on the hobby with the same enthusiasm with which he started it. It could be anything. Suddenly it could be wine making. Or Golf. Or Photography! Only […]
Dr. D Y Patil is a winner of the Padmashree award and his son Vijay Patil has built a beautiful stadium in Nerul and named it after his father. This includes an international stadium, an Olympic size swimming pool, cricket ground, tennis courts, badminton courts, etc. Of course the cricket ground is famous…where you watched […]
One very important fallacy is called the ‘Sunk cost fallacy’ – which makes us throw more good money after money already gone bad. Typically a lender keeps lending money to one customer hoping that this will enable the borrower to do well and repay ALL the money. Another manifestation of this is called ‘Averaging’ – […]