A PE of 22 when the bond yield is 13% is not the same as a PE of 22 when the bond yield is 7.5%
[ ML: You have moved from Pru ICICI to ABN Amro. Is there a difference in the way you manage funds here?
Vora: The difference starts from the fact that I came to a new set up, with no corpus at all and we were actually involved in the process of building a corpus and then managing it. So the difference starts from that level.

ML: But raising money is not the job of a fund...

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  • Visualsoft: Roller Coaster Journey
    This stock figured as one of the most amazing pump-and-dump schemes of 1999-2000 and has also in several such schemes for the last five years. The latest one happened over the past five months, culminating in a mid-March fall. Visualsoft has been pumped up by brokers, insiders and fund managers, who have insisted at various points that this stock was backed by a unique model. Its...
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  • Card Tricks - II

    How card issuers misuse the


    To most of us, the fact that credit card companies have a 'negative-
    list' comprising defaulters or lost and stolen cards, has always been a reassuring factor. We like to think that if one loses a card or has one’s pocket picked, a quick call to the credit card company is adequate to deactivate it and prevent its misuse. It is only as a victim of a card...

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