The economists of the world make on amazingly stupid assumption: “Man is a rational animal” and this leads them to a belief ‘therefore he will do things which are best for him’. This means he will: a) choose the most profitable options – financially rational b) he will take a long term view of things […]
You hear the words ‘financially free’ or ‘financially independent’ regularly, right? What exactly do these words mean? Well there are a few things that it means: 1. You spend significantly lesser than your income: this is difficult to describe beyond a point. Let us say you are earning Rs. 300,000 a month post tax. Your […]
At what age should one retire? How much money should a person have for retirement? Is retirement an age or a sum of money? Are there any great activities that I love to do which is PULLING me towards retirement or is the calendar PUSHING me towards retirement? These are questions that an individual […]
If you are in the financial services business or in the Information Technology business, remember competition can come from anywhere. When SGX saw an opportunity in the Nifty futures, they said, lets do it. Now while NSe has to get up every morning and worry about service tax, stt, Gaar, ..and well an occasional bandh […]
The IRDA has come out with a new law which says the life insurance sales guys should ask a lot of questions BEFORE a customer fills up or BUYS a life insurance policy. For some of us in the life insurance business it was quite obvious that these questions should be asked. I must say […]
So many parents can afford to send their kids abroad today, it is not funny! And most people would have had aspirations to study in Harvard, Wharton,….the Ivy League. Today they can sign cheques of US $ 150,000 without batting an eyelid when their kid says ‘dad I want to study abroad’… In the 1960s, […]
Could XBRL have helped in detecting frauds? Well the answer is a little complicated. Let me put it this way. If the Company Law Rules said a director should not be reappointed if he has already been a director, and you file a Form 32 in xbrl, within 2 minutes of filing you will get […]