Ok, let’s start with the clichés first. We all know that the profit motive is at the center of capitalism, the raison d’être of an organization. So profit is the purpose of an organization, and the shareholder (to serve whom the organization exists) is the primary stakeholder. Declaimer: This article written was originally in September …
Economists are debating the institution of marriage, which guarantees a monopoly in the relationship. Converting the ‘bilateral monopoly’ into a monopsony (single buyer with multiple sellers) as the Muslims do, has not improved the quality of life on both sides. Importantly, Muslim men are no happier with 4 wives than Western men are with one. …
The Economics of Marriage : How to Manage A Natural Monopoly 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 »
The Economic Times carried a story recently that told of how Direct Market Access would be allowed soon on the Indian markets. Automated trading algorithms would now scan the need to locate arbitrages of a different kind. Traditionally, we have understood arbitrage to mean the simultaneous buying and selling of the same security between different …
The Case Against Program Trading : Why We Need A Philosophy Of Governance Read More »
Since childhood, we have heard our teachers tell us that “man is an intelligent being”, meaning thereby that our species is ‘intelligent’. By way of evidence, it is pointed out that back in the jungles, we were the only species that learned how to handle fire, make tools, and build ‘organizations’ that ensured that the …
An Idea Called Irrationality Why The Earth Is NOT Flat Read More »
I stumbled upon this thought when I was sitting at a seminar, where this doyen of Indian Finance was being feted for his sterling career with one of the best industrial houses in the country. He once remarked, “We do not speculation….”. Declaimer: This article written was originally in May 2010, and some of the …
Riskless Risk : When What You See Is NOT What You Get Read More »
So where were you when the lights went out? If you were consorting with Realty, Infrastructure, Banking & Construction, then please inflation accept my sympathies. The Rupee surprised everyone, and I don’t find anyone feeling rich these days. Declaimer: This article written was originally in July 2008, and some of the data points may be …
A Candle In The Wind : Looking For Diamonds In The Debris Read More »
All Indians have black or brown eyes. Aishwarya Rai has hazel eyes. Hence, Aishwarya Rai is not Indian. The above is what in Logic is called a tautology. You can use ‘logic’ (which is mathematically sound) to come to some strange conclusions, simply by twisting a little part of the ‘logical premise’. Declaimer: This article …
You cannot start on diversification without a clear understanding of the Risks you are seeking to manage. That is why I spent some time commenting on the definition and nature of Risk and the ways to measure Risk Management performance. In layman’s terms, the usual term is Return, the opposite of Risk. Most investors are …
About Eggs & Baskets : Some Notes on Diversification Read More »
All those of us who managed to get past Class 9, would remember a concept in Physics called Resonance, the reason why marching columns of soldiers are forced to break their steps as they approach a bridge. The synchronized thump-thump march of a column of soldiers creates vibrations in the ground which cause the bridge …
Magnetic Resonance Imagining : A Co-ordinated March To Oblivion 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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