The Dow Jones is near a historical high, even as the DXY Index is at a mid-term high. For a currency almost guaranteed to break up, and/or issue about € 3 trn of new currency, the Euro is just about 7-8% down from its intermediate highs of 1.35. Declaimer: This article was originally in November …
Oh Shit!!! : The Things That Scare Me To Death…. Read More »
Throughout history, there have been occasions when mankind has gone into frenzied bubbles and then seen them collapse, impoverishing the innocent. The patterns are not identical, but they rhyme, with some common factors: Declaimer: This article was originally in February 2020, and some data points may be outdated It starts with the power to create …
The End Of Money : When God Decides To Prick Your Balloon Read More »
The current Chinese Coronavirus 2019-nCoV allows us to understand how we handle Uncertainty. One of the big contributors to Uncertainty is Unpredictability, which is nothing but the presence of Probability Density Functions (pdf) in the various possible scenarios that pepper a futuristic landscape. Now, while unpredictable must be unpredictable, there are surprisingly intelligent ways to …
The Cockeyed Business of Prediction A Systematic Inability To Frame Read More »
I have a unique e-mail ID for my students from various lecturing assignments and a “knowledge network” I run, which exchanges insights about various things among intelligent people I have picked up through my career. Declaimer: This article was originally in August 2007, and some data points may be outdated Because of the heavy traffic …
George Soros first mentioned this, as part of his study of the “historical process” in “The Alchemy of Finance”. All human behavior (and stock prices are just one small application of human behavior in evolution) evolves through a “historical process”, which is subject to the phenomenon called Reflexivity. This is, of course, too deep a …
Cycles of Regulation : Why Things Get Worse Before They Get Better (if at all) Read More »
First, some trends gleaned from the charts, for those who don’t follow markets too closely. I have divided the Nifty history from 1990 into the following phases: the Gulf Crisis Boom-Bust in 1990, followed 2 years later by the Harshad Mehta Boom Bust, 3 Bear rallies, and the IT Boom. We will try and look …
The Story So Far….. Lessons To Learn From History Read More »
I got this idea from the topics for our debates at school, where we often debated our respective “world views” from a rather grandstand (that is how they got the word, I think). Of late, you find the US media full of advice for Uncle Sam, who seems to have fallen on decidedly bad times, …
The world has just gone through a deflationary cycle of asset compression, debt defaults, bankruptcy followed by unemployment, and the unraveling of large swathes of the earlier (bubble) economy, most of which will not be seen in their earlier form again. Declaimer: This article was originally in May 2010, and some data points may be …
The Next Big Things : Just What Will Promote Net Economic Welfare Read More »
Have you ever wondered why childhood mathematics was limited to addition, subtraction, multiplication, and division? In almost every country, you can be called ‘educated’ if you have mastered these skills. But why isn’t Square Root, or r2 (a.k.a. Correlation), square variance, relative movement (a.k.a. beta), regression or logarithmic relationships not used so much in everyday …
Second Factor Derivatives : Going Where the Mind Cannot Read More »
First, some trends gleaned from the charts, for those who don’t follow markets too closely. I have divided the Nifty history from 1990 into the following phases: the Gulf Crisis Boom-Bust in 1990, followed 2 years later by the Harshad Mehta Boom Bust, 3 Bear rallies, and the IT Boom. We will try and look …
The Story So Far….. Lessons To Learn From History Read More »
As a participant in the Dr Mentoring Program (DMP) four years ago, I can say with confidence that the program has been instrumental in shaping my approach towards managing operating cash flow and developing strategies for becoming a successful doctor entrepreneur.
Under the guidance of Mr. Sanjeev Pandiya, a seasoned ex-CFO of many listed companies like SRF, Jindal Steel, and Haulonix, the program provided us with invaluable insights into the financial aspects of running a medical practice. From understanding the basics of accounting and financial statements to learning about cash flow management, the program covered all the essential concepts required to successfully run a medical practice.
Moreover, Mr. Pandiya’s expertise and guidance helped us develop a strategic mindset to approach our profession as entrepreneurs. We were taught how to think outside the box and innovate to create unique offerings and build a brand that sets us apart from the competition.
Overall, I can confidently say that the DMP has had a profound impact on my professional growth as a doctor entrepreneur. The program’s emphasis on financial management and strategic thinking has equipped me with the tools to build a successful and sustainable medical practice. I would highly recommend this program to any doctor looking to enhance their entrepreneurial skills and take their practice to the next level.
Regards,
Dr Yatin Shinde
Indapur
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