Spurious Correlations

Financial theory says that the price of an asset should be the discounted value of the income it fetches over a period of time. But it is an impractical measure. How can you know what an asset will fetch, except a government bond? Also, traded assets like stocks can be volatile, fetching one price today and sharply lower or higher price in a few weeks – even when the earning power of that...

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  • ASK and thou Shall Receive

    Ananya Trust is instilling hope in street children. Tarika Vaswani reports

    At the age of nine, Nisar ran away from home, boarded a wrong bus, fell asleep and ended up in Bengaluru. Unable to communicate about where he came from, he ended up on the streets and was ‘adopted’ by a gang of beggars. A shelter for street-children took him under their wings for a few days; then for a while he stayed...

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  • TRAI trrriiing

    When it comes to telecom companies, the only way that the Telecom Regulatory Authority of India (TRAI) will ever be able to stop them from bilking customers through shoddy systems and dubious tricks is to hand out exemplary penalties that force them to clean up their systems and billing methods. Individual complaints about mobile phone billing are so numerous that they can only be discussed in...

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