postaday | wealthymatters

Hotel Saravana Bhavan And Steve Jobs

June 26, 2013 4 Comments

Here is a nice story I found in Quora. Enjoy!

About five years ago, one evening, just as I had sat down with my wife and daughter at Saravana Bhavan, a South Indian vegetarian restaurant in Sunnyvale, in walked Steve Jobs with his wife and son. They sat down on the table behind us. It was a busy school night and the place was packed with loud kids and hungry Indians vying for attention of the woefully inadequate staff. Like the clientele at this hangout – mostly Indian techies looking for cheap but authentic food – the staff is also authentic Indian: many speak limited English only and are not aware of the rich and famous of the Silicon Valley. Read more of this post

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5,00,000 Crores?

June 25, 2013 Leave a comment

In Lutyen’s Delhi alone ,there’re potentially a thousand acres of land occupied by bungalows,MP residences,various offices and quasi-government entities.

An acre-sized bungalow in Lutyens Delhi sells for around Rs 100-150 crore.A thousand acres,even at the low end of the range,is Rs 1,00,000 crore.Slap on a big FSI and the number can go up by ten times.Even conservatively,at half the amount,we arrive at Rs 5,00,ooo crore.

-The back of envelope calculations are by Chetan Bhagat

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The New Normal For Emerging Economies

June 25, 2013 2 Comments

Wealthymatters

The Princeton economist Dani Rodrik believes that sustained, meteoric growth in emerging economies may no longer be possible. The great “age of industrialisation” may be behind us.And evidence for this view is coming from at least four directions:
THE RISE OF AUTOMATION
First, machines can perform more and more functions in manufacturing and sometimes even in services. That makes it harder to compete via low wages. Say you run a company in a developed nation and have been automating many of its processes. Because your total bill for employee wages would be low, why not choose the proximity and familiarity of investing in labour in or near your home country? This change would help the jobs picture in the United States and probably countries like Mexico, but it could hurt many other lower-wage nations. Read more of this post

Filed under Tidbits Tagged with ageing population, Dani Rodrik, economic gaps, emerging economies, global supply chain, New Normal, postaday, Richard Baldwin, wage arbitrage

Accessing Foreign Securities

June 17, 2013 Leave a comment

wealthymatters

Its common knowledge that resident individuals in India can each invest upto $200,oo0 (about 1.2 Cr Rupees)abroad per year.However, not all potential investors have more than a few lakhs to invest and few have access to the infrastructure and knowledge to invest abroad by themselves.

So if you are looking to take the first few baby steps to diversify into foreign assets in a limited way here are the services you could access:

ICICI Securities

Kotak Securities Read more of this post

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Earning Lakshmi Not Just Money

June 13, 2013 5 Comments

Lakshmi is wealth accumulated through honest and fair means. Money can be stolen as well. Lakshmi brings peace and happiness to the person who earns it. Stolen money only brings emptiness to the soul. If you notice Lakshmi’s idol, she has gold coins around her, signifying wealth. However, she is also seated on a lotus flower, and holds lotuses in her hands. The lotus is a sign of purity and peace, signifying spiritual well-being; of purity and beauty even in the muddy waters of the world. Without this peace, wealth has no meaning. – Chetan Bhagat