To give you some background on this post, last week I had disagreement with a celebrated financial expert about the ethics of preparing financial statements. It started with me saying this – “if the management does not want you to know something about the accounts,...
Analysts and investor focus so much on things that are foreseeable based on financial aspects that the subject of management traits such as qualities of a good manager hardly, if at all gets any mention in a standard equity research report. What needs to be paid the...
A manager may be sitting on one of the most innovative idea, he could have found a way to cut his cost to zero and achieve potentially unlimited profitability; if he is a cheat, you will lose money by betting on him. For years, successful investors have paid...
I cannot count the number of times I have spotted people confusing between directors, promoters and management. Even read articles in national newspapers with the wrong classification. I believe that there are 2 reasons for this. First, often the same person(s) act in...
Oftentimes companies do not pay attention to the loan agreement and sign it off as standard template of the bank. The banks in turn do their bit in convincing management, and particularly younger entrepreneurs that such is the case and that everybody signs the same...
With a view to check corruption in the private sector, the Government of India has proposed to make bribery in private sector a criminal offence. To this end, the Government has proposed to amend the Indian Penal Code, 1860 to criminalize both giving as well as...
