“As if all the fixed deposits and mutual funds and shares and gold funds weren’t enough, I also have to think about this gold deposits now” complained Swami, as we met this weekend over our customary cup of coffee. He looked at my broker friend Jigneshbhai, and asked “So should I invest in this new … Read more
It was a long, long time after which my friend Swami and I met my broker friend Jigneshbhai over coffee yesterday. Like always, it was Swami who started while Jigneshbhai and I were sipping our coffee. “This Modi sarkar is useless. It only talks. Nothing has changed on the ground.” I looked at Jigneshbhai to … Read more
“I have learned that the capacity to endure boredom without looking for excitement is one of the foremost requirements to succeed in investing” said my broker friend Jigneshbhai as we sipped our coffee last weekend. We were meeting after a long time and my broker friend was reading from a speech he had heard in … Read more
“Thank God for the Supreme Court – now the government has to catch all the black money holders with Swiss Bank accounts” exclaimed my friend Swami while we were having our coffee this week. My broker friend Jigneshbhai was unmoved and kept sipping his coffee waiting for Swami to continue. As usual, nothing irritates Swami … Read more
“Yeh PSPO nahi jaanta!” Remember that old ad for – I think – Orient fans? In which a customer gets mocked for not knowing what is PSPO? [youtube=http://www.youtube.com/watch?v=EsDZdsizxrI] That was the kind of look my broker friend Jigneshbhai got from Swami when he said ‘No Idea!’ in response to Swami’s question on ‘where are the … Read more
“So someone sent me a joke yesterday of an HR Manager who is asked to choose between Heaven and Hell at the Pearly Gates by St Peter”, said Jigneshbhai, as we sipped our coffee last weekend. Swami and I were busy reading up on the stock markets, as they were getting interesting by the day. … Read more
“What is the difference between retrospective and retroactive?” asked my broker friend Jigneshbhai, as we met over coffee last weekend after a long time. Surprisingly, the question today was from Jigneshbhai rather than Swami. Swami looked at my broker friend and shrugged it off. “They are the same I think. Why?” “Well someone from the … Read more
My friend Swami was quite cheerful a few days back when we met. “Finally the markets are going up – now that Modi is sure to become the Prime Minister.” “There is no such thing as a sure thing” said my broker friend Jigneshbhai, putting brakes on Swami’s enthusiasm, as he sipped coffee during our … Read more
Last weekend, my friend Swami complained over coffee to my broker friend Jigneshbhai: “For the past 3 years, your favorite fund manager, Prashant Jain of HDFC Mutual Fund, has not beaten the market index, and you told me that he manages the best performing funds in the country.” Clearly Swami was not in a good … Read more