Half a century back, someone proved it in a laboratory and gave it a name: cognitive dissonance. We, amateurs, have always known it exists in our wives, although we have trouble accepting its existence in our own selves. Disclaimer: This article was written originally in November 2007, so some data points may be outdated. The …
Rationalising Irrationality : Of Mice, Monkeys & Men Read More »
Below is my own perception, not researched ‘fact’ about where we stand on economic governance vis-à-vis major nations of the world. Looking at this, one would think that we share the bottom of the Table with the US, without, of course, having seen their (prior) economic freedom. So we have the unique distinction of being …
Retiring a 61-year old (Republic): Is It Time For An Obituary? Read More »
There is a lot of talk about markets tanking because of the “sub-prime” fiasco centered around the US. I have tried to put together some facts and perspectives that seek to explain just what is happening and the extent of the problem, with a minimum of my usual opinions on the insanity of it all. …
The Sub-Prime Primer : Understanding The Sub-Prime Problem Read More »
It can’t go on like this. House prices simply cannot continue to rise faster than earnings as they did again in 2006. First-time buyers can’t afford homes in 90% of Britain’s towns. Disclaimer: This article was written originally in January 2007, so some data points may be outdated. Halifax reckons the average first-time buyer paid …
There are different kinds of Finance people…………good, bad and indifferent. In India, when you look for a CFO, you hear a Promoter telling the Head Hunter, “CA + 20 years’ experience”. I don’t know where this came from……perhaps it is an old perception. Disclaimer: This article was written originally in April 2008, so some data …
The New Age CFO: Life In The Corner Office In A Risky World 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 »
A stock price has many definitions. One of the most sophisticated definitions is that it values the forecasted free cash flows of a company. There are many financial models that try to capture this conceptual definition (e.g., EV/ EBIDTA, EPS*P-E, Cash EPS*Cash P-E). The most popular is the Discounted (Free) Cash Flow (DCF) valuation. Mainly …
THE LOGIC OF A STOCK PRICE : A Strategist’s view of the Tata Corus deal Read More »
“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 »
About a decade back, I left a leading Finance company to join a large manufacturing corporation that had just bankrupted itself trying to digest what was then India’s largest acquisition ever. The company was already defaulting on loans, even though its business was then generating decent ROCE. Manmohan Singh’s “Liquidity Crunch” (of 1996) left a …
The Mindset Of A Flawed Entrepreneur: Asset Investors Need To Listen To Markets Read More »
Most people tend to link the current wave of Dollar depreciation to the much-expected “global rebalancing”, a term attributed to Stephen Roach, Chief Economist of Morgan Stanley. The simplistic argument was that if the US continued to run the current twin deficits (Current Account and Fiscal), it would erode the value of the Dollar. The …
Rebalancing The Dollar: Link Between Currency Movements & Savings Gap 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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