I will try and make a very difficult point, and I’m not sure I will do a good job of it. Please bear with me, if you find this a little obtuse. Adam Smith discussed the ‘invisible hand’, which guided the economy. What he meant was that millions of individuals, acting in their selfish interest, …
The Invisible Head : The Destruction Of Individualism Read More »
A ghetto is defined as a living area occupied by a minority. It also refers to the restriction to an isolated or segregated group operative words define the word: isolation/ segregated/ minority. And one word binds them together: restriction. In other words, a ghetto is a bound, composite entity that is isolated (i.e. separated from the …
The Ghetto Mentality : The Rule Of The Silent Majority Read More »
In 1992, for those old enough to remember, there was a sub-scam to the Harshad Mehta scam, the LC scam. In which, I recall hazily, LC (security) paper was forged, and documents discounted by various banks, which (funds) ended up in the stock markets, or other financial activity. It was merely the diversion of bank …
The Nirav Moment : When Instability Follows Stability Read More »
Carry trading pressures in India are huge and terrifying. India had not financed its CAD from a capital account, leaving a gap of $ 10 bn to be funded from FPI money. Another $ 85 bn had come in from overseas Indians, which were also carrying trading money. Add $40 bn from FPIs into the …
The Python Under The Boat :Carry Trading Pressures in The Indian Re Read More »
Just last month, I dwelt extensively on the over-valuation building up in the main indices. Besides the details given in that article, there were other indicators, which were building up and visible to real-time trackers like this columnist, but could not be talked about because as they were happening, it was just opinion; but once …
The Nifty is some 27 times trailing earnings (don’t listen to Forward earnings, which seem to be forecasted linearly). We already have a sense that the projected earnings growth of 20% is not going to meet expectations for even the first year, let alone the 3 years of compounded 20% growth that is built into …
The sudden drop in the Dollar:: In March 2017 was seen as a political phenomenon, part of the Trump Trade. It was imagined that Trump initiated his “cheap dollar’ policy by calling in his prominent trading partners, and arm-twisting them into strengthening their respective currencies against the Dolla. Different countries reacted differently, some (like China) …
The Death Of Inflation : Living Under Low Inflationary Expectations Read More »
The human brain is the most complex mechanism known to man, almost as complex as the universe. At one level, our soul is defined as Conscious Awareness, which now has a neurological definition. At another level, we have both a conscious and a sub-conscious existence, and this too, has a neurological definition. In Neurology, our …
The theory behind cycles goes something like this. Starting with low prices (say, in the oil sector), which is a commodity (i.e. many buyers and many sellers), you reach a point where many players in the industry are not able to service debt (either, or both, principal repayment and interest). Declaimer: This article was originally …
Do Lower Prices Cure Lower Prices? : Or Are Oil Prices Going To Be Lower For Longer? Read More »
One of the biggest keys to finding and managing Happiness is to locate the toxic relationships in your life and manage them. Such relationships appear all around you, and like a frog in a saucepan, boiling on a slow-heating stove, you don’t recognize them till it’s often too late. Most importantly, during the formative years …
Understanding Toxic Relationships : The Narcissist- Empath Lock-In 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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