Five Million Reasons for Optimism

"Markets are subtle organisations,” wrote John McMillan, professor of economics at Stanford’s Graduate School of Business, in Reinventing the Bazaar: A Natural History of Markets. “The mechanisms that underpin transacting are intricate – and they are in everlasting flux.” It is easy, in our dematerialised world, to overlook the physical side of stock-market transactions. Few of us meet our...

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  • Crash Courses

    Four books from Wiley capture the current financial crisis from four angles. Collectively, they offer interesting insights

    It is common among businessmen, fund managers, analysts and sundry experts in the media to label the current financial crisis as something so sudden and virulent that “nobody could have predicted it.” This is not true. Peter Schiff did, at least partly, in Crash Proof,...

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  • Smooth Ride

    At one time, Castrol, a market leader in automotive lubricants (passenger car engine oils, premium two-stroke and four-stroke oils and multi-grade diesel engine oils), was one of the market bellwethers and a favourite blue-chip of savvy investors. Apart from Castrol, the key players in the lubricants market were State-owned companies like Hindustan Petroleum, Bharat Petroleum, Indian ...

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