I don’t need to be an insider to tell you that Wall Street employs lots of PhDs. PhDs of various denominations, but mostly those with backgrounds in Math, Physics and Engineering are employed by various Wall Street firms by the thousand. I don’t think too many of them exactly work on the kind of stuff [...]
I apologise for this morning’s post on IPOs. It was one of those posts I’d thought up in my head a long time ago, and got down to writing only today, because of which I wasn’t able to get the flow in writing. So after I’d written that, I started thinking – so if IPO [...]
I’ve commented earlier on this blog about investment bankers shafting companies that want to raise money from the market, by pricing the IPO too low. While a large share price appreciation on the day of listing might be “successful” from the point of view of the IPO investors, it’s anything but that from the point [...]
I travel to and from work in the company-provided cab. It’s a fairly convenient system, offering you flexible timings, and routings that aren’t too bad. The overhead in terms of time of traveling by cab is about 15-20 minutes for a 40-minute journey, so I take it on most days. Given a choice, I try [...]
Paul Wilmott and Emanuel Derman, in an article in Business Week a couple of years back (at the height of the financial crisis) came up with a model-makers oath. It goes: • I will remember that I didn’t make the world and that it doesn’t satisfy my equations. • Though I will use models boldly [...]
So I finally finished going through today’s Mint and noticed that most of it was filled with analysis of the budget. I tried reading most of them, and didn’t manage to finish any of them (save Anil Padmanabhan’s I think). Most of them were full of globe, each had an idea that could have been [...]
The only time I watch CNBC is in the morning when I’m at the gym. For reasons not known to me, my floor in office lacks televisions (every other floor has them) and the last thing I want to do when I’m home is to watch TV, that too a business channel, hence the reservation [...]
6th August 2010 We had returned to Leh that afternoon after spending the previous day at Nubra valley, some hundred and fifty kilometres to the north of Leh. On the way back to Leh, we had been informed by the driver of a car passing the other way that there had been a cloudburst in [...]
Check out this article in the Wall Street Journal. Read the headline. Does this sound right to you? MakeMyTrip Opens Up 57% Post-IPO; May Be Year’s Best Deal It doesn’t, to me. How in the world is the IPO successful if it has opened 57% higher in the first hour (it ended the first day [...]
We live in an era of unprecedented liquidity. Think about the difference from just about ten years ago. Back then, there was a much larger amount of cash reserve that one had to keep in one’s home, or on one’s person. There were no ATMs. There were no credit cards. All purchases needed to be [...]
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