Theory | wealthymatters

Billionaire’s 10 Keys To Success

May 27, 2012 16 Comments

1. Figure out what you’re so passionate about that you’d be happy doing it for 10 years, even if you never made any money from it. That’s what you should be doing.

2. Always be true to yourself.Figure out what your values are and live by them, in business and in life.

3.Think about what your definition of success really is. Is it externally driven or internally driven?

4. Rather than focus on work-life separation, focus on work-life integration. Read more of this post

Filed under Theory, Tool Kit Tagged with billionaire, Billionaires Keys To Success, Happiness, Money, motivation, passion, postaday, rejection, relationships, status, success, work life integration

CRISIL And Its Ratings

May 26, 2012 6 Comments

Credit Rating and Information Services of India Ltd. (CRISIL) is India’s leading Ratings, Research, Risk and Policy Advisory Company based in Mumbai .CRISIL pioneered ratings in India more than 20 years ago, and is today the undisputed business leader in India.CRISIL’s rating experience covers more than 45000 entities, including 30,000 small and medium enterprises (SMEs).

Now if you buy bonds,NCDs etc.you have probably come across CRISIL Ratings.The table below explains them. Read more of this post

Filed under Paper Assets, Theory, Tool Kit Tagged with bonds NCDs fixed income instruments, CADARTS -2011, capital gains, capital safety, credit risk, CRISIL, default rates, default risk, liquidity, perpetual bonds, postaday, risk management, risk ratings, Tata Motor Finance, Tax Free Bonds

Making Sense Of Open Interest

May 25, 2012 Leave a comment

wealthymatters.com Open interest is the total number of outstanding futures and options (F&O ) contracts at any point in time. In other words, these are open or yet to be settled contracts. For instance, if trader X buys 2 futures contract from trader Y(who is the seller), then open interest rises by 2.If another trader A buys 2 futures contracts from trader B, then the open interest rises to 4. Now, if trader X unwinds his position and the counter party is either Y or B, then the open interest in the system will reduce by that quantity.But if X unwinds his position, and the counter party is a new entrant, say C, then the open interest will remain unchanged. This is because while X has squared off his position, C’s position is still open. Read more of this post

Filed under Paper Assets, Theory Tagged with bearish, bullishness, cash market, derivatives, derivatives trading, futures contracts, futures trading, going long, going short, open interest, option trading, options, postaday, put and call options, put call ratio, reversal of trend, spot market

The Athenian Taxation System

May 25, 2012 Leave a comment

If there has to be a state,there has to be a government and inevitably expenses and so taxes.It’s interesting to see how the democratic Athenian city-state (polis) dealt with the problem of raising taxes by understanding human needs well.Athens had two ways of tapping into the resources of its wealthier citizens:

First,the Athenians derived funds for the normal, everyday operations of their government from indirect taxes (mainly harbor and market dues), and a variety of fees, fines and rents. These were sufficient in times of peace, even after the loss of their empire.But war was another matter. In times of war and other emergencies, the Athenians, voting in Assembly, levied a special tax (eisphora) on the more well-to-do citizens of the polis, approximately the upper one-third. This tax was based not on income, but on total assets.After all the moneyed had more to lose materially in a war than the poor. Read more of this post

Filed under Theory Tagged with Athenian Taxation System, eisphora, expenditure, indirect taxes, liturgies, moneyed, postaday, private funding, project funding, public control, public welfare, social prestige, special tax, tax on assets, taxation, trierarchy

Random Thoughts On WordAds

May 24, 2012 4 Comments

Since last Sunday,Wealthymatters has been sporting WordAds and I’m pretty pleased about it.I signed in today to find the WordAds in a little box and I think it’s much better than the previous format.And the videos are pretty neat.

I have always been drawn to the idea of doing something once and deriving a benefit from it for a long time.Earning from ads on a blog fits the bill.And the more passively I could do it the better.

But that was theory.I really didn’t see myself qualifying for any ad programs.I just didn’t believe I had the readership for it.And everything I was reading on the WordPress Forums merely reinforced the belief. Read more of this post