The “Great Recession” of 2007-08 certainly got part of its name from the Great Depression of 1929, which has been the elephant in the room through this entire episode. I can recall writing many times these last 6 years, drawing precedents and historical parallels with the period 1929-1933. Greater men have done the same: Paul …
A Depressing Recession Parallels With The Great Depression Read More »
The Euro is a common currency system existing today, which is closest to the Gold Standard of yesteryears. Except in one major aspect, it is superior…..at a pinch, the supply of money can be increased by fiat, when the Central Bank sees itself faced with deflation. Otherwise, the currency system has many of the same …
A Depressing Recession II Understanding The Challenges of The Current Global Economy Read More »
Any ‘looking glass exercise’ is fraught with a lot of danger these days, because of the possibility of sudden, cataclysmic events that cannot be forecasted, and can certainly not be assumed. Declaimer: This article was originally in February 2016 and some of the data points may be outdated. Greece, for example. You can rest assured …
Through The Looking Glass, Darkly What To Look For In 2016 Read More »
How do we choose an airline pilot? Do we keep reservations for SC/ST and 5% for Jats/ Yadavs? Or do we simply set the technical standards for the job and “may the best man win”…..even the worst public sector airline in the world (I mean Air India) does not have quotas, or non-technical qualifications for …
Why A Sailor Should Be A Seaman : The “Mental Nationality Of An RBI Governor” Read More »
We have been homo erectus for 1.8 mn years, of which we have been homo sapiens for just 200,000 years, i.e. about 11% of the time. Of the last period we have been homo sapiens, agriculture has been around just 10,000 years, or 5% of the time. So civilization as we know it has been …
The Structure Of Happiness II : The Unintended Consequence Of Agriculture Read More »
I still remember the oil shocks of the Iran-Iraq war and the US-Iraq War (which saw Peak Oil/ Hubbard’s Peak & $147/ barrel). And I remember the terror as we contemplated a future without oil, and how our lives would change if we had to scrape the bottom of the barrel. Disclaimer: This article was …
Oil- The Last Hurrah : Why This Time It Will Be Different Read More »
Every sufficiently complex system tends to exhibit ego. In an individual, ego is mostly understood to represent the Id, a sense of Identity/ Self, manifested mostly by the (rational) instinct of self-preservation/self-gratification/selfishness. But there is also a Collective Ego, which provides us a lens through which to understand crowds (groups of people, i.e., teams, companies, …
The Collective Ego : Understanding The Egoic Dynamics of Social Systems Read More »
The more sophisticated among us would understand the ego as the Id (the self), but there are layers to that. There is an Id that is sub-conscious and an Id that is Conscious (the self-awareness humans are uniquely known to have, although recent research has shown that some other species of animals have various levels …
If Technical Analysis is part of Investing Theory, it must count as knowledge. To define it accurately is impossible, but I will try. It is based on the premise that stock prices determine stock prices, and stands on certain Belief Systems: If enough people think it will happen, it will happen. If the future is …
Incorporating Complexity Into Economics : How To Really Use Technical Analysis Read More »
It was John Nash who pointed out the definition of an Irrationality. He said that Irrationality is never absolute, it concerns the objective of the (economic) participant. I often see lay people make this mistake when observing the behavior of other people. Declaimer: This article was originally in October 2018, and some of the data …
The Trump Trade Wars : The Strategy Behind The Lunacy 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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