In 2001, Jeremy Siegel, a professor of finance, known as the “Wizard of Wharton” was reading a book on stock returns, titled Creative Destruction: Why Companies That Are Built to Last Underperform the Market – and How to Successfully Transform Them. The authors, Richard Foster and Sarah Kaplan, partners of consulting company, McKinsey & Co, had laid out an indirect rebuttal of the
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Play safe with stocks, avoid 'expert' opinion and be ready to change your opinion quickly, suggest Debashis Basu & Shailendra Lotlikar
The newspaper headlines are looking ominous. Software companies have slowed down their hiring. BPO companies are in a panic. Footfalls are not enough for malls to make money. There are no takers for expensive real estate. Company managements have been caught...
Crude oil has crossed $110 per barrel, an 80% rise over the past year. Some people – believers in the Peak Oil Theory – are convinced that the world is running out of oil. It is a quirk of fate that the most unpredictable, opaque or the despotic regimes (Saudi Arabia, Iran, Russia, Nigeria and Venezuela) are sitting on the largest oil reserves. Wars, conflict and terror attacks are often...
