Book Review - Think Like A Billionaire !

Book: Trump-Think like a Billionaire - Everything You Need to Know About Success, Real Estate, & Life

Author: Donald J Trump & Mciver Mciver

Binding: Paperback
Publishing Date: 2005
Language: English
Rating: 3.9/5


This book is just a billionaire's dairy. Trump has detailed the importance of a real estate agent in any real estate deal.

He also divulges on details of his personal life such as his dining interests, dressing styles, holiday interests and has termed them as billionaire's way of life.

An Investment Rally missed - again !

Equity MFs OUTPERFORM STOCKS
Category	Open	Close	Returns(%)
Sensex	15,535	19,476	25
Nifty	4,640	5,930	28
Gold	27,465	30,540	13
Silver	52,130	60,170	18
Multicap Equity MFs			33
Debt MFs			9
RESIDENTIAL HOUSING
Delhi			7
Mumbai			3
Chennai			5
Kolkata			1
Pune			9
Source: Times of India 20th December 2012

 The above mentioned returns are based on the figures of 19th December'12. 

It should be noted that again the retail investors couldn't reap in the benefits of the rally in the equity markets.

RBI for the common man !

The RBI left the key policy rates unchanged today in the mid-term monetary policy review of the year.

Interestingly in an interview the SBI chairman Pratip Chaudhuri, CEO & MD ICICI Bank Chanda Kochhar and MD HDFC Bank Aditya Puri were heard saying that they are surprised at the RBI's inaction in towards policy rates. They were all of the view that we are in a declining interest rate trend, but aren't we hearing that since almost a year now.

Pratip Chaudhury

During the interview Aditya Puri candidly admitted that he has stopped guessing about the possible rate cuts in future.

Aditya Puri

Chanda Kocchar

The common man’s concern is that the inflation should be controlled. Though the recent WPI inflation figures show a decline in inflation, thanks to RBI policy action,

IIP a Big Surprise but a Non-Event !

The BSE Sensex closed over 120 points lower from its intraday high of 19478.79 on Wednesday after the Index of Industrial Production (IIP) for the month of October’12 expanded at a robust 8.2% versus a contraction of 0.7% in September’12. (It has registered a total fall of 246 points on 12th & 13th December'12.)

 

It is the fastest annual pace in nearly a year in October 2012 after unexpectedly contracting in September

Devil in Pinstripes - Book Review

Book: Devil in Pinstripes
Author: Ravi Subramanian
Binding: Paperback
Publishing Date: 2009
Language: English
Rating: 4.3/5

From the author of ‘If God was a Banker’ & ‘I bought the Monk’s Ferrari’ comes an interesting story of how, Amit Sharma, a management graduate tries to make it big in an international bank in a very short time.

The story switches between 1994 & 2007 continuously only to merge later in 2007. 

State of Indian Cricket Team

Indian Cricket team, earlier this year, lost 4-0 to England and then again 4-0 to Australia (both were series defeat) needs a major overhaul. 

We, the Indian fans, can’t except the lame excuse of fast green tracks abroad; as the team hasn’t been able to achieve anything in the domestic slow and turning pitches either.

BCCI had then projected as there were another 10 test matches scheduled to be played later this year in India. The Indian team would be able to turn the coin and deliver as expected.

FDI in multi-brand retail

The parliament (both the lower and the upper house) has cleared the much debated and controversial FDI in multi-brand retail.

The single brand retail segment was opened for up to 51% FDI in 2006 and the limit increased to 100% in July this year. In spite of opening the single brand retail completely to FDI,

Breakout Nations - Book Review

Book: Breakout Nations – In Pursuit of the Next Economic Miracles
Author: Ruchir Sharma
Binding: Hardcover
Publishing Date: 2012
Language: English
Rating: 4.8/5

A meaningful insight on how the world economies fare. Ruchir Sharma has given exhaustive, country by country aspect of how the economies of the world are prospering / faltering. He observes the world from an investor’s point of view, searching for a fresh investment destination.

After reading the book, my confidence in BRICS had faded. 

Originally BRICS nations were Brazil, Russia, India, China and South Africa. But with the changing dynamics in the world economy which is periled with corruption and political intervention at all stages, these nations are no longer the frontiers of the world growth.

Indian Retail Equity Investors tend to lose more than profit from it.

Indian retail equity investors tend to lose more than profit from it. Either they are in a habit of selling the winning stock too early or holding back the losing stock for too long. Ultimately they are trying to chase a zero rate of return on their stock investments when investing themselves.

A Study was conducted in ISB Hyderabad the under the leadership of Sankar De. 

The study states

The Future Of Money - Book Review

Book: The Future Of Money
Author: Oliver Chittenden, Vince Cable
Binding: Paperback
Publishing Date: 2011
Language: English
Rating: 4.0/5

This book is a compilation of opinions & interpretation of all the great thinkers, on what is the future of money. How the recent world economic crisis can be handled and; how & what  the money will transform into. There are many different stories to the recent crisis and equally different solutions to it, in this book. The facts are immense, as how to handle the latest economic crisis, to be put in a simple book review. 

P.S. - This is not a bed time read as one has to really think the facts through.