Tidbits | wealthymatters

The Fortune In Your Palm

January 1, 2013 113 Comments

Still in the party mood?How about some fun?Why not do a bit of palm reading ?Here is what your palm is supposed to say about you:

wealthymatters Press your right hand’s thumb away from other fingers. If your thumb bends down easily and there are a lot of gaps between the fingers, then you are supposed to spend money easily or money slips away from you fast. [Fig 1]

On the other hand, if your thumb is stiff and doesn’t bend down easily and there are no gaps between your fingers then you are supposed to be calculative in money matters. You are supposed to be the sort of person who thinks twice before touching your purse. [Fig 2]

Happy New Year 2013 !

December 31, 2012 8 Comments

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Anil Ambani On The Early Years

December 31, 2012 Leave a comment

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“Do you know where Kabutarkhana is? Do you know where Bhuleshwar is?”That’s where Maganlal Dresswalla is. That’s where the doodhwallas are. We used to stay in a place called Jai Hind Estate on the fifth floor. It’s a big chawl with 500 families staying in it. It was cheap. What was it? It was a one-bedroom house. My dad, my mother, my grandmother, my uncle, my brother and myself lived in one room.We used to play in the chawl. There used to be this big corridor running alongside twenty pigeonhole type flats on one floor. We used to be there, looking at the activity in the street below. Why is it called Kabutarkhana? It’s a huge place where all the pigeons descend and people feed them chana. Next door there’s a temple. So everybody goes into the temple, prays, comes out and throws chana to the pigeons.There’s a milk market in a locality called Panjrapole. The embroidery business is right there. Oh, there’s a lot of hustle and bustle in Kabutarkhana.” Read more of this post

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Wealthymatters in 2012

December 31, 2012 4 Comments

The awesome people over at WordPress have put together this annual report for Wealthymatters. None of the highlights could have been reached without you,my esteemed readers.Hence my heartfelt thanks to you.Special thanks to Alex Jones,zap197842,on thehomefrontandbeyond,Schalk ,Ingrid and Sharmistha Basu for all your comments . Conversations with you make blogging so worthwhile.

Here’s an excerpt:

19,000 people fit into the new Barclays Center to see Jay-Z perform. This blog was viewed about 130,000 times in 2012. If it were a concert at the Barclays Center, it would take about 7 sold-out performances for that many people to see it.

Click here to see the complete report.

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Sweet Revenge

December 30, 2012 2 Comments

wealthymatters,com April 30, 1982. Dhirajlal Hirachand Ambani became famous this afternoon. However he had no inkling of this when he woke up that morning. The only emotion he perhaps felt that hot summer morning, as the mercury crossed the 33 C mark, was wrath. For the past six weeks, a syndicate of stockbrokers had been hammering his company’s shares on the Bombay Stock Exchange,and he didn’t like it.

April 30 was a Friday, the day he could vent his anger, take his revenge. On the BSE, alternate Fridays were settlement days when all transactions which had taken place the previous fortnight were cleared.Sellers delivered shares to buyers, buyers accepted delivery, or either party asked for the transaction to be postponed to the next clearance day after paying badla or compensation for the delay. This day was one of the settlement Fridays. It would go down in the BSE’s history as a day of total chaos.

The stage for this drama was set a few days earlier, on March 18, when a selling hysteria shocked the BSE. In twenty-five minutes of panic, starting at 1.35. p.m. the price of blue-chips like Century and Tisco crashed by ten per cent. They fell like dominoes on the back of Ambani’s Reliance Textile Industries which fell from Rs 131 to Rs 121 as 350,000 of its shares hit the market. Read more of this post