The Abilene Paradox in the Investment World
Do you often feel that you are heading in a direction you may not want to, but you still head that way because you assume that’s where everybody’s going?You want to observe traffic rules, but you see everyone ignoring the red light and you do the same. Someone breaks the lane while driving and the […]
Chronological Lottery
The history of mankind might have been very boring if it was not for great men and women seizing the opportunities that changed their lives. Whether it is Napoleon Bonaparte, Thomas Edison, Jamshedji Tata, Walt Disney, Mother Teresa, Steve Jobs or Sachin Tendulkar, who took the opportunity and persisted with their dream. It’s not just […]
Getting Rich vs Staying Rich
Learning how to make millions is one thing, but mastering the art of keeping that fortune intact is a different task. Many people get rich, only to blow their earnings in a matter of years. We have also seen successful businesses and corporations going into oblivion in a short time. There is an old saying, “Getting […]
Leverage – A secret to wealth creation – Bane or Boon?
Using “other peoples’ money” sounds like a great way to make a fortune. Borrow some money, make a fortune, pay back your lender, and keep the rest. What could be better? Archimedes is credited with establishing the concept of leverage, over 2000 years ago. He famously stated that, given a lever long enough and enough […]
What is Wealth?
There is an old saying, “Some people are so poor, all they have is money.” Would you rather be “rich” or “wealthy”? What’s the difference? “Rich” is having abundant financial assets; money, real estate, investments, material possessions, etc. But what other assets do you possess that you value more than these financial assets? In a […]
Financial Lessons from Holi !
Mark Twain, “A year has 365 days but India has 366 Festivals” Every celebration centers around the rituals of prayer, seeking blessings, exchanging gifts and goodwill, sharing, music, dance & feasting. In essence, the festivals teach us to Celebrate Life. Any excuse to celebrate is good, because the nature of our spirit is celebration. Holi […]
Money is a means, not an end!
I can recollect hundreds of people who have amassed a lot of wealth and still are not able to enjoy the benefits. They do not use it for any constructive purpose, not even for improvement of their standard of living, or for their family. Their corpus is beyond what they require and may last several […]
Saving vs Investment, Choose wisely….
The demonitasion in 2016 led to many an embarrassing moments in many households. Since time immemorial, the lady of the house has always kept away a part of the money she receives for future expenses. It was not uncommon for her to stash away money in different jars as a saving for different goals, this […]
When should you buy a house?
Aaj mere paas paisa hai, bangla hai, gaadi hai, naukar hai, bank balance hai, aur tumhare paas kya hai? asks Amitabh Bachchan, addressing his brother Shashi Kapoor in the iconic film Deewaar released in 1975. He was showing off his possessions, considered a barometer of success. More than four decades later, the society still evaluates the success of […]