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The much talked about Olive opened up it’s newest location in South Bombay - at the Mahalaxmi Race Course to be exact. Getting to Olive is something of an adventure once you enter the Race Course property, its tucked into the northeast corner and the area is not paved but the upside is it has [...]

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Many of you have probably read “When Genius Failed: The Rise and Fall of Long Term Capital Management” (LTCM) which chronicles the collapse of LTCM in 1998. LTCM was a hedge fund that was over-leveraged and when liquidity dried up worldwide in 1998, LTCM got crushed when it couldn’t unload its positions.
From the ashes of LTCM [...]

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Experts on emerging markets are far and few between. One of the big guns is Mark Mobius of Templeton.  Mobius has spent over 40 years working in emerging markets and picking stocks while most others were still picking their noses in school. I had a chance to hear him speak in Oct 2007 in Bombay [...]

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I finally got around to upgrading my iPhone to the new 2.0 release and it is worth every penny…oh wait it was free. Since I have a hacked iPhone I wasn’t able to use iTunes and just upgrade the iPhone, I used Pwnage Tool to upgrade the software.  The software is so easy to use, it [...]

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Club 272 is not some new club in India, but it’s the number of MP’s that the UPA government needs to keep the existing government going. The last 48 hours have been great watching all the political stuff happening around the trust vote.  I had no idea Kamal Nath and Snoop Dogg were long lost brothers since [...]

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The current financial meltdown may not be the best time to talk about asset allocation since most people don’t want to open their monthly statements to see how bad the carnage is.  But, at some point you have to open them up and figure out where the damage is and potentially re-allocate. So how should [...]

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Someone emailed me yesterday and asked “why does your blog have such a negative angle on India?”  Part of me wanted to just tell the person to read the headlines and tell me what they see.  Americans always get blamed for not knowing anything about anything outside of the United States. Many Indian’s suffer the [...]

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Ridham Desai, MD of Morgan Stanley India, has been appearing on the financial networks lately talking about the Sensex correcting by 50% form their peak levels of 21000.  If that is true we still have another 30% to go…ouch.  Over the past 4 months he is one of the few guys setting realistic expectations for the [...]

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It’s official we are heading back to the mainframe model, with a dumb terminal (now called a web browser) and the mainframe machine (now called cloud computing). It’s hard to believe the computer wonks at IBM had it right the first time around. It seems as my laptop gets more powerful, I’m pushing more of my [...]

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Reliance Mutual Fund (part of Anil Ambani’s empire) had recently converted a couple index funds (Sensex and Nifty trackers) into a single “quant fund.”  Since I’m a hugh believer in Index funds, it’s a disappoint to see Reliance shutdown that investment strategy…but its business.
The new strategy has been running since mid April and to make [...]

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