The preferred macro-economic model across the world right now has become the use of Monetary Policy, rather than the FISC, to push growth by lowering the cost of money. This is based on the assumption that debt-fuelled investment (in the emerging markets) and consumption (in the developed markets), will be able to pick up the …
The Path Less Trodden : From Friedman to Greenspan Read More »
We know that Classical Economics is flawed, hence currency design (and consequently monetary policy), which stands in the middle of the subject, would have to be subject to many modifications. We also know that Behavioural Economics, with all its many flaws and imperfect solutions, is now the way of life in dealing with Economics, i.e. …
The Alternate To Gold : How To Look For The Perfect Currency Read More »
For starters, those who habitually lived in the brothel, i.e. the traders who have all their lives dealt in cash. This is the $500 bn ‘black economy’ (about 20-25% of the $ 2.2 trn regular economy, whose members don’t even know where their Bank is. At roughly 6% of GDP, profits would range in the …
Where Were You When The Lights Came On? : Who Had His Pants Down On 9/11? Read More »
While listening to my regular dose of Kahnemann, I thought up an interesting metaphor to describe irrationality (this is original, you heard it here first). In lay language, we tend to define Rationality vs Irrationality as opposites, akin to Black vs White. Kahnemann describes it differently, as IMPERFECT rationality, not Irrationality. Declaimer: This article was …
Economics As Religion : From Norms To Principles Read More »
There are 10 countries that offer citizenship against “investment”, i.e., if you bring a certain amount of money into the country, you are entitled to citizenship within a certain time frame, ranging from immediate to 7 years (for a Green Card, US). Of the ten, only Australia is at the bottom of the debt tables, …
The trigger for this article is the retirement of Raghuram Rajan and the manner the Govt conducted itself. A Govt that claimed to be a meritocracy, has just hounded out a person for being “too competent”. The PM stood by and tacitly approved a lynch mob that tore into the very philosophy that can best …
Saying The Unsaid : How We Are Likely To React To The Future 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 How The New RBI Governor Will Fit Into Big Shoes Read More »
In some way, I was ‘born right’ (or wrong, depending on the prism you see this with). The ability to see perspectives different from others is a very important life skill; markets are just one application of such an ability. Most people are unable to internalize a thought that is diametrically opposite to what they …
Here is a real discussion that I had with someone who has the same skills, perspectives, and perception as I do, but chooses to use it in the domain of Investing. I have chosen both, to be a Value Investor and a trader who uses the same Investment Hypothesis to extract returns from the underlying …
Trading Vs Investment :A Discussion Between 2 Sides To The Argument Read More »
To recap, in the perspectives I have put out in the last 2 articles, I made the following big points: That we are living in a deflationary world, mostly. If we are blessed with disinflation in India, it still helps to put on a deflationary filter to perceive the world. For example, it would be …
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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