There are a lot of people who are using the above aphorism very loosely. To me, the same words mean some very different things. Last issue, I talked about how we need to learn about the key differences between the Recession/ Slowdown and Depression, why we need to recognize it early, and how our behavior …
If it’s India, expect ordinariness. We get excited about a game nobody plays. We love Bollywood and Kollywood, we make stars out of people like Chiranjeevi, NTR, Jayalalitha, and whatnot…we have no heroes and role models who have achieved anything meaningful against world competition. Any Indian teenager would rather marry SRK than Vishwanathan Anand…and so …
It all started back in the caves. While we prepared to go out hunting bears, this fellow used to come around. He had a big stick, wore the latest bearskin, and looked solid and respectable: he would offer to look after our wives and children while we were away, in return for 3 rib steaks …
A Lifestyle Called Risk The Relationship Between Risk & Return Read More »
Ignorance, like happiness, is usually a state of existence. It is often a ‘default’ state of existence, i.e. we always start life ‘ignorant’ of things. It takes an effort of will, or experience, to push us out of this ‘default’ state. ‘Experience’ is a euphemistic synonym for ‘mistakes’. When we make mistakes (sometimes repeatedly), we …
The Power Of Ignorance : Or, The Importance of Setting & Following Rules Read More »
The topic for this month’s column would have to be obvious, given the recent collapse of the markets. I am now faced with 2 choices for this month’s column: one, I could sensibly explain the mechanics of how it happened and why it was inevitable; or two, I could look to the future and try …
According to the World Bank, the United States is (predictably) the world’s biggest energy consumer. The country consumes 22.4% of the world’s energy. The next largest energy user, China, is at 12%. Then there is Russia at 6%, India at 5.3%, and Japan at 5.1%. Together, this accounts for slightly more than half of world …
IT ISN’T OIL OVER : Till the Sugar Lady has Sung Read More »
In looking for returns on our investments, let’s look at the risk first: Risk is the possibility of PERMANENT LOSSES: the so-called risk of a temporary loss is merely Volatility. You really lose money ONLY when you have bought something worthless. Or overpaid for a stock, paid Rs.200 for a stock that is worth just …
About Risk, Then Returns : The Mistakes We Make In Planning Investments Read More »
Has the run-up in the stock markets exhausted itself? The pundits seem to think so. Mostly, the arguments in favor of bearishness come from the fact that the minds of these worthies have got ‘anchored’ to a nominal figure, like the Sensex number. Declaimer: This article written was originally in February 2010 and some of …
“Interest rates have ‘plateaued’”, said a headline in a pink paper. The Chairman of one of the leading banks in India was quoted as assuring the public at large that interest rates had peaked. Even as he said this, his bank was putting out term sheets to corporates that quoted only a floating rate. Some …
A VIEW ON INTEREST RATES : Trends in Global and Local Liquidity Read More »
1% of the world’s population owns 40% of its wealth. That, on a base of 6.5 billion, refers to 65 million people. The actual proportion of national wealth owned by the top 1% varies and is measured by the Gini Coefficient, reported in the CIA Factbook. Declaimer: This article written was originally in December 2006 …
The Shape Of The Pyramid Why Income Inequality Happens & Its Consequences 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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