The Kyoto Protocol happened because 2003 was the hottest year in Europe in 500 years, and some 40,000 people died because Europe was just not prepared for this kind of heatwave conditions. Declaimer: This article was originally in April 2010 and some of the data points may be outdated. Well, that was because it happened …
The Good News In The Bad News Celebrating a Volcanic Eruption Read More »
There is a lot of talk in the markets about the recent Budget provisions on Capital Gains and Turnover Tax. I think I have something to say, which I have not seen in the recent articles on the Budget. Declaimer: This article was originally in July 2004 and some of the data points may be …
Regular readers know that I mostly write philosophically, trying to derive principles that drive action, rather than recommending specific actions for our readers. Rarely, do I speak about a specific company/ event/ trend, except to deal with a macro-trend. Today, here are some disconnected thoughts that slip through my mind as news/ events/ trends roll …
Je Ne Comprends Pas Looking The Gift Horse In The Mouth Read More »
5 cognitive and emotional errors, followed by three expressive and emotional benefits: They forget that trading is competitive. (Cognitive Error) Statman suggests the first mistake that investors make is a so-called framing error. Specifically, investors assume that trading is analogous to an activity such as plumbing. A plumber’s work improves the more experienced he or …
Why We Try To Beat The Market The Primeval Desire To Get Ahead Read More »
I am sure you have heard of this before: if you throw a frog (a cold-blooded amphibian) into boiling water, it will immediately jump out. But if you put the said frog into cold water and slowly heat it, it will quietly sit in the rising temperature and die. Declaimer: This article was originally in …
How To Boil A Frog : The Slow, Inexorable Decline of the Indian Economy Read More »
okay, I put Delhi’s Chief Minister in the headline, first because I live in Delhi, and then because I could not rhyme Mr. Modi (or Mr. Karunanidhi) with anything resembling a headline. That is just to tell you that I have no political leanings. As we will see below, both of these CMs have a …
Vive La Shiela Some Water (Actually) Flowed Down The Bridge Read More »
In the spirit of the CAG calculating ‘presumptive losses’ of lakhs of crores, I take their methodology to its logical conclusion and point out the various areas in which the Govt, and by extension, the people of India, have been losing money. Declaimer: This article was originally in September 2012 and some of the data …
Completely Against Governance : Cage-ing the CAG Read More »
The real problem with the Fiscal Deficit comes from the fiscal multiplier. The Fiscal Deficit draws funds away from private investment (which is considered more ‘productive’) and usually ends up financing either some consumption subsidies or some (unproductive) wage bill, paid out to some snoring clerk. Declaimer: This article was originally in February 2013 and …
The downward Interest rate movements have started, and a couple are already behind us. I don’t think we should count our chickens before they are hatched. Just mere monetary loosening does not justify any bullishness. The bane of Indian markets has been inflation, which is dependent on supply-side issues, the investment cycle, the monsoon, and …
First, they announced “Happy Hours”, without telling the crowd when they would close for the day. Then, they sent the bouncers home and allowed anyone in, without checking ids. Then they let the girls in, and asked them to do the ‘strip tease’. And then, just as the party heated up late into the night, …
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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