Lot Of Gumption, Few Nuggets

The title seemed so out of sync with MoneyLIFE’s contents. And then, on page 314, the link was suddenly brought home: “In economic terms, India
is now the world centre for cricket”. It seems India now provides 60% of the world’s cricket income of multi-million dollars and that, for being the first Indian to score a triple Test hundred (at Multan, 2004), Virendra Sehwag was rewarded by an...

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Why Do Cookbooks Outsell Homer?

A s a boy, Stuart Kelly loved books so much that he was willing to work on weekends to pay for them. He would starve himself so he could give his lunch money to the cause. There was just one problem. He found: “From Shakespeare to Sylvia Plath,great writers had written works which I could not possess.” These were books lost to flame, flood and fungi, books known only from quotations, books...

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Who is Afraid Of Hedge Funds ?

Each time the market swoons, the media blames it on them and the regulator wants to “legalise” them. What are hedge funds and how do they function?

There is a sense of shock and awe in India about hedge funds. What is it that gives these funds such an aura? Just as the seemingly omnipotent ‘foreign hand’ has been blamed whenever a disaster strikes, hedge funds come into the limelight whenever...

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