In his Independence Day address, the Prime Minister announced a sweeping change to the Goods and Services Tax (GST) structure. The government now proposes to merge the four existing GST slabs into two main rates—5% and 18%, while keeping a higher band for sin and luxury items. If all goes...
Imagine having access to tomorrow’s news today. Wouldn’t that be the ultimate investing edge? That’s exactly what an experiment by Elm Wealth tried to test. They gave 118 finance students access to the next day’s Wall Street Journal front page—a full 24 hours before it went public. You’d expect...
In investing, just like in global affairs, the distinction between being risk averse and risk prepared can make all the difference. While both approaches aim to protect value, their outcomes diverge dramatically over time. Today’s geopolitical climate offers a powerful analogy. As conflicts simmer across regions — from...
One night, a ghost quietly cut the rope of a donkey tied to a tree, setting it free. The donkey, unaware of the consequences, wandered into a nearby farmer’s field and trampled the crops that had taken months of hard work to grow. Furious at the loss of his...
Investing is like taking a journey on a train. If you board the right one, it can take you smoothly to your financial destination. However, if you find yourself on the wrong train—whether it’s a poorly chosen investment, an underperforming stock, or an asset that no longer aligns with your...
History is filled with tales of human ambition and folly, but few are as emblematic of speculative mania as the story of the Tulip Mania of 1637. This peculiar period in Dutch history saw the humble tulip—a flower prized for its beauty—become a symbol of wealth, a vehicle of speculation,...
Behavioral finance is a relatively new field of study to see how psychology and emotions influence financial decision-making. This field of study has grown in popularity recently as researchers have begun understanding how our emotions and biases can impact our financial decisions. As rightly explained by Hersh Shefrin, “Behavioural...