Makers and Takers: How Wall Street Destroyed Main Street

Nine years have gone by since the financial crisis of 2008 but its spectre still looms large over the world. The US government's half-baked approach to plug the systemic loopholes didn't make post-crisis era any better. The Dodd-Frank reforms did raise a few barriers, but they were not high enough to hold the financial wizards … Continue reading Makers and Takers: How Wall Street Destroyed Main Street


The (mis)behaviour of Markets

The book review of 'The Misbehaviour of Markets' - one of the finest works of the late legendary mathematician Benoit Mandelbrot.

How to lie with Statistics?

H.G. Wells once remarked, "Statistical thinking will one day be as necessary for efficient citizenship as the ability to read and write." Wells' observation was rooted in the significance and the consequent prevalence that Statistics and its offshoots had started to gain in the early nineteenth century. Where some people were enamored of Statistical thinking, … Continue reading How to lie with Statistics?

Your Money and Your Brain

Even prior to reading ‘Your Money and Your Brain’, I had been an avid fan of Jason Zweig and his work. I found his commentaries in the revised version of Benjamin Graham's investing classic – 'The Intelligent Investor' (Harper Collins, 2003) – highly educative and insightful. According to his website, Zweig is a senior … Continue reading Your Money and Your Brain

The Myth of the Rational Market

When the US subprime mortgage market took the nosedive in 2008, its ripples were felt across the world. The resulting cascading effect decimated one financial domino after another. Some institutions were rescued while others were left to go under. Often, it is in the catastrophic times like these that the long-standing, cherished doctrines are blown … Continue reading The Myth of the Rational Market


The financial crisis of 2007-08 left many individuals and institutions scarred for life. What began as a seemingly curable flu slowly transformed into a pandemic that devoured many a prestigious, long-standing financial institutions across the world. Casualties were several - from inconsequential entities to world-cup competitive ones. When Lehman brothers went down on 12th September … Continue reading Madoff