When the stock market was making new highs, fund companies launched a new idea every few months to attract more and more money from the public. (After all, they make a fixed income on the assets you give them, not on the profit they make for you. Losses, of course, are yours alone.) One such fancy idea was asset allocation funds, which promise to move assets from equity to debt to cash,...

One without the other does not make for leadership

We have all been shocked and alarmed by the recent events at Satyam. However, the deepest hurt to society at large has been the betrayal of faith over so many years. The anger one feels against those involved exposes our own vulnerability. As the truth unravels, the bright people involved plead ignorance today but had claimed to be...