26 05, 2015

Suckered: Globus Spirits Converts Loss to Profit by Creative Accounting

By | May 26th, 2015|Categories: Suckered, WTF|3 Comments

A tweet by @_devesh_ brought this genius tidbit yesterday, from the Q4 2015 results of Globus Spirits :

image  It says:


24 01, 2013

Do Not Undervalue Luck

By | January 24th, 2013|Categories: Demystify, Education, WTF|40 Comments

Too many people attribute their success to their own skill. At some point, when everyone is working their asses off, you begin to wonder if success has quite as much to do with talent, effort and skill, as it does with being in the right place at the right time.

People like Samir Arora of Helios have done incredibly well in the markets. However his tone in this […]

12 07, 2012

WTF: Reading Too Much Into Bulk Deals

By | July 12th, 2012|Categories: WTF|Comments Off on WTF: Reading Too Much Into Bulk Deals

Firstly, apologies for the small hiatus in posting. I am consulting with ICreate, a company that does banking BI (and is founded by two close friends, so excuse my glorification), and we’re trying to do great things in a compressed time-frame. And then I have the young V and the younger Z that demand my attention at home, since they are largely confused about what this whole "going to […]

28 10, 2011

BSE Cancels All Mahurat Trades

By | October 28th, 2011|Categories: General, WTF|5 Comments

The BSE cancelled all futures trades in its recently introduced derivatives segment, on Mahurat Trading on 26 Oct.

It was rumoured that using algolrithm trading methods-high frequency intra-day trades using software-a Delhi-based broker had played havoc with sensex futures. While the low for the day in sensex futures was 14,000, compared to the sensex close of 17,289 in the cash segment, the average price for […]

10 02, 2010

WTF: 34 million “Poorer” Indians due to the Recession

By | February 10th, 2010|Categories: WTF|2 Comments

A tweet from @inquestioner went “Scary,34 million joined the ranks of the poor in India because of the recession that everyone was in denial of.UNDESA figurs.” [sic]

I usually find these figures very global-warming type – meaning, highly suspect and jugaad methodology – so I thought I’d investigate. In the “World Economic Situation and Prospects, 2010” report, Page 35, they say: