Does Citi have a capital crisis? Some analysts think Citigroup needs to take strong medicine – like a dividend cut – or risk further stock erosion. Fortune’s Peter Eavis looks at the books. By Peter Eavis, Fortune senior writer November 7 2007: 2:16 PM EST http://money.cnn.com/2007/11/07/magazines/fortune/eavis_citicapital.fortune/index.htm do read this article, if you are in doubt! […]
If you have read Investment Fables by Damodaran, you realise how for every situation (as it exists) a story is created. For e.g we have heard the following – have we not? Most of the world’s major oil deposits have already been discovered. China and India are consuming far too much of energy – far […]
What is wealth? And what is having a wealthy mindset? I could have easily adopted the text book method of defining wealth – and there are many available. Instead let us look at mindsets. It starts from the basic question of “Why do we borrow?” Most of us will today not need to borrow to […]
It takes 20 years to build a reputation and 5 minutes to ruin it. If you think about it, you will do things differently. This is what Warren Buffet has to say about reputation risk. Frankly this is perhaps the most ignored aspect today in financial product sales. Most people who are looking to selling […]
Living in a “socialist” country and having heard slogans like “garibi hatao”, nationalisation, etc. there was some chance that RBI governor does not believe in market economics. But USA? Aw, come on Ben has to believe in free markets, or so we thought. No. He does not. He comes up with aspirin for patients who […]
Why are gold prices going up? There is actually only one answer – the demand for gold is greater than the supply. In fact this can be the only reason why the share price of any product goes up. Let us look at some reasons why gold prices have been going up – and I […]
A senior executive from a leading private sector bank met up for lunch. One of the topics that came up was “Will gold prices go up?”. He immediately said, YES, it will shoot up if we sell more gold. Intrigued, I asked him to explain. He told me a story of one PYT that the […]