I don’t know how much we can credit Raghuram Rajan for being where he is (i.e. Governor of the RBI). He was who he was (i.e. Raghuram Rajan), but somebody needs to get some credit for ensuring that he is where he is, i.e. in the driver’s seat at the RBI……maybe the much-maligned Manmohan Singh …
5 years into the Great Recession, it would be something to say that the Ugly is behind us, the Bad is with us and the Good is ahead of us. It might equally well be the reverse. Let us look at it in sequence: Declaimer: This article written was originally in January 2013, and some …
The Good, The Bad & The Ugly : Looking…. Forward & Backwards Read More »
Jim O’Neil, Chief Economist for Goldman Sachs, laid out the theory in a Global Perspective Report for Goldman Sachs. It projected that by 2050, this disparate combination of countries would have a combined economic clout greater than the developed world (i.e. the OECD). Later, these target dates were revised to 2032, during the gung-ho years …
Bricking Up The BRICS : From Potential to Promise Read More »
The dangers of hedging are the same as the dangers of driving. As long as you are ‘in control’, i.e. your driving is moderate concerning the kind of car, road, and driving skills that you have, you are ok. If you do anything to excess, you are in danger…..in hedging, the excess is concerning the …
A Primer On Hedging…..contd. : Frequently Asked Questions Read More »
“History does not repeat itself, but it rhymes.” If this is true, it would be a good idea to recount the history of The Great Depression and the subsequent monetary evolution of currencies and markets, to understand where we stand today, if history were to ‘rhyme’. I will explain why we should feel optimistic just …
The Rhyming of History : Studying Parallels From the Past To Discern The Future Read More »
Keynes is the son of the Great Depression. His great contribution to” economics” was the equivalent of the auxiliary engine: he postulated that when there is a slowdown in economic activity in the private sector, it is usually because of cyclical factors that include psychology (exhaustion of animal spirits), debt-drawal followed by debt repayment (phases) and …
From Moses to Mullah : The Distortion Of Keynesianism Read More »
I have made this point before: GDP= Consumption + Investment + Govt (Spending) + Exports – Imports In India, Consumption is roughly 60%, Investment 30%, Govt Spending is about 20% (of which the Fiscal Deficit is -8%), while the Current Account Deficit is about the same -5%. Now, we have a Tax: GDP ratio of …
The Savings Multiplier : The Efficiency of Savings Read More »
An exporter HAS to sell Dollars, an importer HAS to buy Dollars. If you already have bought a particular stock, say, Tata Steel, you are now at “risk” of the share going up or down. When it goes up, it is called a return; the same for your export Dollars, and if the Dollar goes …
A Primer On Hedging : Frequently Asked Questions Read More »
Investment can only come from savings and recycled profits. Hence, Recycled Profits + Household Savings + Govt Savings + Foreign Savings= Investment, or (Profits- Dividends)+ Household Savings + Govt Savings+ CAD= Investment Declaimer: This article written was originally in June 2013, and some of the data points may be outdated. The Death Spiral I have …
Corporate Profitability : Cyclical Relationships With Savings & Investment Read More »
In my article last month, I argued how Risk is defined wrongly, Beta is a flawed measure, and ‘out-performing stocks don’t really (outperform)’. What I implied is that Classical Finance takes these high-sounding, laudable objectives and produces good-looking, ‘logical’ (therefore rational?) models that are supposed to achieve these objectives. Declaimer: This article written was originally …
The Race To “Beat The Market”: How Mutual Fund Managers Are Really Selling A Mirage 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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