Most marketmen believe in the Principle of Reversion to the Mean. What goes up, must come down and all that. From that comes the other pattern, that at the top of a market, comes this consensus that “it’s different this time”. This is to sustain irrational valuations, till the parcel has been passed onto the …
This Time It’s Different… : Some Things Will Never Be The Same Again Read More »
First, some historical perspective. Over time, sugar became the favorite crop of the ‘kulak’, the landlord in absentia. This was because it was a hardy crop, which needed one planting for 2 crops (the second is called a rattoon), it is after all a weed. It can’t be stolen in material quantities, because it is …
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 written was originally in September 2012, and some of the …
Completely Against Governance : Cage-ing the CAG Read More »
The Impossible Trinity is the trade-off between 3 diverse objectives of macro-economic management: A fixed exchange rate vs a market-determined exchange rate. An independent Monetary Policy vs A Dependent one, i.e. one that reacts to external capital flows rather than manages them. Free Capital Flows vs Capital Controls Declaimer: This article written was originally in …
China’s (Im)Possible Trinity : When An Autocracy Manages A Capitalist Economy Read More »
Forex Reserves are at a record high, while Hedging levels are at record lows. The good job that Raghuram Rajan has done by managing Re levels, has led to complacency that this will continue. Even as the RBI rues the low hedging levels of nearly 15%, India Inc. switches off the radio and sleeps at …
Private Vice, Public Cost: The Cost of Forex Volatility Read More »
Cialdini wrote a seminal book that laid out the 6 basic principles of Influence, i.e. how we get influenced by people. These are: 6 Basic Principles of Influence People return favours. Make sure you don’t wave off what you do for them, just log it up in the ledger. Use it to build the basis …
Monkey See Monkey Do The Factors That Influence Us Read More »
Raghuram Rajan recently referred to the poor Q4 corporate earnings and remarked that if inflation has to fall, the short-term effect of this would show up in corporate earnings. Implying that Indian corporate profitability is dependent on the redistribution of wealth from inflation. Declaimer: This article written was originally in November 2015, and some of …
You know it when you try and open your eyes underwater. The first thing you notice is that you can’t breathe, and that gives you limited staying power. Even if you can still think clearly (for example, if you are attached to an oxygen tank), you can’t see straight because the refraction of light in …
Through A Looking Glass : Inverted Thinking For A Deflationary World Read More »
A fertility rate of 2.1 per woman is the minimum needed to stabilize a society’s population. Anything below that will cause the population to decline within a generation. Europe is at 1.55, Japan is at 1.3, and most of the important countries of Europe are around 1.3. Germany, Italy, and Russia are at the bottom …
Tilting The Scales Demographics & The Cost of Capital Read More »
Regular readers will remember that I have long been saying (since 2012) that the current global financial/ credit crisis, which started in 2008, will find its end through deleveraging coming from a sharp and continuous drop in energy prices. This will come on the back of a new wave of technological innovation, which will put …
It’s Oil Over For Inflation : The Long Term Impact of Energy Prices 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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