What does an ordinary person do when even the Reserve Bank of India (RBI) cannot check fake currency? In a shocking revelation, MoneyLIFE learns that fake currency worth Rs17,000 was remitted from RBI to ICICI Bank at Hyderabad. So far, it was RBI that had been pulling up banks on finding that their currency chests contained fakes. But the remittance of fake currency from RBI itself suggests...
The name Warren Buffett stirs a wide range of emotions – from awe to envy to disgust to pity! But one common thought that one instantly associates with the name is WEALTH. The Snowball is the ‘authorised’ biography of Warren Buffett (WB), written by Alice Schroeder, an investment analyst. The book is a big boring read, spanning more than 70 years of WB’s life in a chronicle-like fashion....
Risk and returns are two sides of the investment coin. During a boom period, investors only look at returns; they forget that there is risk attached to them. During a recession, investors are so worried about risk that they forget that investments also give returns. There is one more aspect to investing. I have seen many experts argue that we must invest in ‘defensive sectors’ – consumer...
