The Traps of Success
Nothing recedes like success. - Walter Winchell in “Thoughts,” Forbes. Quoted by the author. Success is a lousy teacher. It seduces smart people into thinking they can’t lose. – Bill Gates quoted in “Thoughts,” Forbes. Quoted by the author.

Nearly 30 years ago, I joined a great-guns business group. It had successfully transitioned to a professional organisation after years...

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  • Can We Measure kya lagta hai
    It is now well established that market moves are determined not only by fundamentals such as profits and sales, they are also significantly influenced by investor behaviour. Markets have often zoomed up in a parabolic expression of irrational investor euphoria. They have also sunk to deep unreasonable depths on investor pessimism as if the world were coming to an end. The US, which...
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  • Making Sure It Adds Up
    Fannie Mae is an unusual company. It was born as an
    agency of the United States government in 1938, with a single aim: to make housing available to Americans of modest means. Though its mission has remained unchanged through seven decades, it is no longer an arm of the government. Its
    shares are now traded on the New York Stock Exchange, and its market capitalisation exceeds $60...
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