Vinay Wagh

  The Richest Engineer -           - Abhishek Kumar Even if all the wealth in this world is distributed equally amongst all the people in the world, soon the poor will again become poor and the wealthy people will regain the same wealth. That’s because of the financial mindset. It is not necessary to be rich, especially at the cost of health and happiness. Money can’t buy happiness after a certain value. This book is using ‘to be rich’ phrase in terms of better or improved financial status. No attempts to become Mukesh Ambani. Three types of learnings we get in our life -           One that we get from the formal education system. -           We learn from the mistakes of others -           Through experiences and opportunities that life throws at us. All that needs to be done is to develop some rules from th...

    COFFEE CAN INVESTING -           Saurabh Mukherjea, Rakshit Ranjan and Pranab Uniyal   Most of the Indians do not invest in Equity at all, all those who do, do in a very haphazard manner. Hence long term gains have eluded the majority of affluent Indians. An investor holding ` 5000 in equity and ` 95000 in debt (assuming 15% and 7.5% compounded annualized returns respectively) will end up with a corpus of ` 4.85 lks in 20 years. If on the other hand holding `2 5000 in debt and ` 75000 in equity the same investor would have a corpus of ` 13.3 lks in 20 years. About MFs: MFs got originated in 1774 in Netherlands and reached America by 1800. In India MF was born in 1963 when UTI (unit trust of India) was formed through an act of parliament. For almost 25 years UTI was the only entity offering MF in India. By 1987 UTI managed ` 6700 cr in assets under management. In 1987 for the first time non-UTI public sector entiti...

  Journey - Corona!   (A day before Corona) I somewhere read that the entire corona virus in the world collected together can fit on a single tea spoon. Wonder what quantity of it was in my throat? The quantity was enough to trigger a disturbance in my family on 21 st April 2021.  Although my family underwent strict precautions since the inception of the social distancing protocols, we were not averse to the possibility of Corona residing in bungalow number 11, my house. The challenge was in its timing!!! This was a tough time as we hardly had come out of the shock of the sad demise of Deepak, my brother in Law who passed away on 18 th  of April 2021.  A very lively, Jovial and Fun loving guy went walking on his own to get admitted but did not come back after that. Fifteen days was too short span for him to give up. But fate had in it!   Late (actually too early) Deepak Kale In psychology there is a concept called “Availability Heuristics” which highlights...