Engineer’s Finance

I read this amazing article.. Just read on.. It will be a pleasure..

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What Toyota knows that GM doesn’t?

Do you know how many hourly jobs GM has laid off from 2006 to July 2008? Take a guess. How about 34,000? And now, they’re talking about another 5,500 layoffs. And now they’re asking you and your government for a bailout to end their troubled, outdated, low quality, wasteful production system. But, let’s not focus on fixing GM’s problems with an infusion of cash. There’s something even deeper going on here that’s really wrong. Continue Reading…

It is really a very bad sign. Citi Group, U.S. fourth biggest bank by market value plans to eliminate 14% jobs or 50k jobs. Citi group has now around 352,000 employees in its pay roll. It has already eliminated around 23k jobs in this year alone by selling various business units and job cuts. It plans to just eliminate some more so that it can become profitable.

Expenses kept mounting and for the last four quarters it is totaled at 62 billion dollars. Now with the following moves it is expected to become around 50 billion dollars. Continue Reading…

Things are not so very good. I really don’t know how to handle the mess. I don’t wish to get out of market, if I did then I would incur pretty heavy losses. The thing of solace is that, I have not yet made any loss on the principal. I am still having the principal with me. The gains that I had have started eroding. It is not a good sign but still things does look bleak.

I am just hoping that things will get better and better in the days to come..

Investing is a very scary topic these days. The whole world is facing the music and many are not sure about the future of the money. All that one feels is things will be back to normal and everyone reaps benefit out of it. No matter what the world economy is, there are always fundamentals in investing. No matter what happens to the world, the fundamentals don’t change. They remain the same way for a long time.

None of us are perfect as investors. Even the world’s most respected investors have confessed to making errors. I would like to quote Warren Buffet as an example. It is not because I am an ardent devotee of him but he is regarded as one of the best investors of the modern world. In various annual letters, Warren Buffett has told his shareholders: “You’d have been better off if I had gone to the movies [this year]” and “I have erred [by] not making repurchases [of shares].” Continue Reading…

Bangalore, the garden city is now a city without a garden. The gardens are making way for the roads and the roads are filled with vehicles which has become a mess. Commuting in Bangalore is really a tiring affair and gruesome at times. To travel 30 KMs some 10 years back would have taken 40 minutes anywhere within city limits now to travel the same distance one requires more than 90 minutes. I am not exaggerating, that is how the traffic has grown and that is how the Bangalore’s Traffic Control has progressed. Everyone complains about the same. The thing is that they don’t realize that they are a part of it and they have to do something about it and not just keep complaining about it.

I used to live in Malleshwaram, which is where my entire childhood was spent. I lived for more than 16 years there. It was a wonderful place. I used to play cricket on the roads. Now I don’t see a single soul playing on the roads since you can’t afford to do so with the current stupid traffic situation. I know the roads are not meant to play cricket. What I mean is, ten years back things were like you can play on the road and now you can’t even drive on the road properly, you can imagine the amount of vehicles plying on the road.

Continue Reading…