This is the story of what is probably the worst equity fund in US history. In 1939, Charles Steadman started his stock fund. The fund consistently reported bad performance. The other three funds created by Steadman also performed miserably over the long term. However, when it did well sporadically, it attracted money. Then, losing periods took over. Steadman had the unique ability to lose...

If you are likely to turn down a job offer during a downturn, because they are not attractive enough, handle it tactfully

Imagine that! You are almost out of a job, you get a job offer and you say no. Why would you do it and how does it impact you? Recently, I heard of a situation like that. A manager had wanted a career change almost four months ago. At that time, he was keen on a shift...

Marico has a leadership position in hair oil and also has products in the skincare and health food segments. It has also been aggressive in its expansion and now reaches out to customers in more than 20 countries particularly in the Middle East, the Asian sub-continent, Australia and the US. Its mainstay – the Parachute brand of coconut hair oil – enjoys high recall leading to a market share...