I have long thought that I am too old for hero worship. Given the history of Central Banks that look the other way while bubbles inflate all around them, I am always amazed at how the RBI moves incorrectly, time and again. Greenspan once reminded us of Pontius Pilate: “It is not possible to locate …
Carry On Trading : Finally, A Ray Of Intelligence Read More »
While doing some research on the Special Economic Zone (SEZ) policy, I came upon this observation. The basic irritant in the face-off between India and China is the “subsidy” that the Chinese system gives to its industries……low-cost or free capital, that either come from legacy “Communist” assets, the State-Owned Enterprises (SOEs). Or the explicit subsidies …
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. Is this reflected in most Organization Design? Disclaimer: …
The Link Between Organization Design & Profit: Doing Things Differently Read More »
In the ‘natural’ world, there are jungles, which is where mankind originated (now we need excursion tours to take our children there, or we see it on TV). Most of what we are like has happened because of where we come from. Evolution responds to the environment, hence survivability is all about adapting (to our …
Jungles, Markets & Needs: The Relationship Between Needs, Markets & The Economy Read More »
Disclaimer: This article was written originally in July 2007. An editor of a pink paper asked me my opinion of the $3bn Chinese investment in Blackstone. There are many angles to this news story. The media has dwelt upon how this is a ‘professional’ (and therefore scientific) use of the nation’s burgeoning Forex reserves. I …
Public Funds In Private Equity : How The Chinese Get Short-Changed Everywhere Read More »
‘England is a very rich country with very poor people’, remarked my host as he tried to comfort me. My usually conservative persona was totally shaken as I stepped out of London’s Heathrow Airport. Within the first half hour, I found the entire pre-paid charge on my mobile (lasts me nearly a year in Delhi) …
Of Products & Assets: Explaining Cycles of Virtue Read More »
So if everyone is worrying about the Dollar decline, we already know that things are not the same for the Dollar, as they were in 2008. At that time, there was a global knee-jerk during the risk-off trade. This time, the cost of insuring against a US default has risen above that of 2008 (CDS), …
A Strategy To Carry: How To Play The Decline Of The Dollar Read More »
In my career as a teacher, I have often come across the thought that the biggest problem with the concept of education is our ability to define the word (education) properly. When we teach our children, the typical middle-class Indian often confuses information with education. To me, education is all about building attitudes… the most …
The Business Of Bad Beta : Why Measuring Relative Performance Is Flawed Read More »
Previously, I argued that real estate ‘investing’ returns were simply the result of liquidity and savings flows, and were therefore ‘accidental’ and unpredictable. They did not represent any substantial (relative) wealth creation, because ‘all boats rise with the tide’. Disclaimer: This article was originally published in Nov 2006, so some data points might be outdated. …
Real Estate – How Real Are The Returns : Is It Really An Asset? Read More »
I would like to restate the real estate investment debate. It isn’t really about whether the land has suddenly become an ‘el dorado’ for investors. It is about understanding the difference between “store of value” investments (that are secondary derivatives of economic activity). And those investments that create value by generating economic activity, like equities …
Riding On A Hope & A Prayer : The Drivers of Real Estate Returns 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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