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Margin-free shop

Once, while driving in Trivandrum City, I saw a shop with a big banner: 'Margin-free shop’. Presumably, they don't keep any profit margin. On seeing that, you almost get the feeling that 'profit' is a dirty word. In fact, my daughter even asked,...

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Recent Posts

Start every day as a beginner

At an investors’ conference in Mumbai, I once asked a guy, “So, what do you do?” He was so stunned that for a few seconds he was speechless. Then,...

Unseen side of human nature

On 31st Oct 2002, a bloody riot on the roads of Trivandrum showed me an unseen side of human nature. That morning, a protest march of 20,000 people...

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You can’t run away from reality forever

In 2009, when I first joined private equity investing, I found that we MBAs understood finance less than a typical Marwari businessman. Most investors talk only about growth and multiples (usually EV/EBITDA) but rarely does anyone ask: Is this firm...

Prioritization in life

It was so unfair -- we were all fit, thirty-something guys, pitched against a team that included senior people, including a 70-year old. This friendly football match during a company offsite, in my last job, was going to be a no-contest. And it...

You vs You

I write almost every day, except on Sundays. Some days, the writing flows effortlessly, like water. Ideas just snap-fit into words. Other days, it is like you are dragging a dead body. And yet, the key is to accept both experiences with equanimity....

Knowledge keeps you relevant

When I left the Civil Services to join an MBA program, I found people looking down on technical knowledge as something low-value, meant for the ‘junior guys.’ The senior folks were the ones supposedly creating real value because they could...

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