A couple of months back, I was sitting with one of the biggest commodity industrialists of the country, when he remarked, “We are a very ‘focused’ group. We don’t get into businesses or activities we don’t know”. My response then came as a bit of a shock to him: “Then the problem is with you …
The Flawed Business of Focus: Missing the Opportunities in the Woods Read More »
Delhi’s cars and their drivers have been discussed in many places, but car parking has not received the same attention. I will focus on Delhi alone, simply because its populace is specially endowed with all the elements of “foolishness” that is so much a part of any bull market. So the parallels between good car …
How To Park Your Car: Use The Same Wisdom For Bigger Rewards Read More »
The human mind spent most of its evolution time while we were hunters. Compared to the period of evolution from alligators to humans, only a small fraction of that time has been spent as ‘human beings’. Moreover, a tiny fraction (about 5000 years) has been spent in migrating from jungle hunters to Investment Bankers. Divide …
The Meaning of ‘Assets’: Why Our Thinking Is Inverted Read More »
In Classical Finance, Risk is synonymous with Volatility, and (believe it or not), mathematical/ statistical indicators of Volatility are used to denote measures of Risk. This is the miseducation that is propagated to our best minds in the B-Schools and goes on to become the received wisdom of the day. Yet somehow, I don’t know …
Risk = f(Volatility): A Generic Understanding of Volatility Read More »
Around the turn of this century, I used to be a trader. At the same time, the world was given to a singular bout of extreme stupidity, the after-effects of which have still to wear off. This was a very bad time to be a trader, but I survived, mainly thanks to my incorrigibly contrarian …
I got a study of real returns in English stocks going back 300 years. What it shows is that the idea of getting wealth by being “in the market” is a fraud. Most of the 20-year investment periods produced real returns of less than 2%. Only one time – the stretch of 1980-1999 – gave …
Risk is often understood in markets in a very limited context. In fact, classical finance treats risk as synonymous with volatility. That is NOT because it is so, but simply because Volatility is statistically measurable and capable of being mathematically manipulated, while most other elements of risk are not. Risk -Return Trade-off In the risk-return …
Indian inflation may lead to a redistribution of pricing power to those sectors which need an additional dose of profitability, indirectly driving investment into those sectors. Let’s define the problem first. The current ‘global’ inflation problem can be said to have come from a sharp spurt in the supply of money over the last decade. …
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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