Anil Selarka, author of Sub Prime Resolved, writes Part -8 of How to Invest into anything series under the title – Convertible Bonds. In this comprehensive essay, he explains the complexity of this hybrid instrument in very easy style and language a common investor would understand. At the end of this article, he even introduces a new concept – a simple QUIZ to determine how much the reader understood the article. He also appends Answer Sheet with comprehensive explanation to each answer with reference to the article.
This is a sequel to Satyam Scandal in India. The author investigates like a forensic detective where the Auditors went wrong and how could they have missed the mountain and searched for a mole. The fraud could have been easily detected by the Auditor Price Waterhouse, India Chapter, which is part of Price Waterhouse Coopers, USA. The author points out exact mistakes committed by the Auditors. This shows the inadequacies of the accounting standard. While Investors depend on the Auditors for proper accounts so that they are not taken for a ride, the Auditors behave negligently and certify most of the accounts of listed companies based on relationship with the management or some other considerations .
The Author instantly reacts to the news of Tata Tele’s sale of 26% stake to NTT DoCoMo, Japan’s biggest company. How much NTT pays, what is the effect on stock price, what are the hidden secrets, in lucid fashion
The author analyzes the reasons for indida’s ailment, its misguided rupee policy, how weaker rupee hurts the economy and foreign investment, damaging measures taken by SEBI, RBI, Finance Ministry in hurting the rupee and their own economy. One of the finest essay on the Indian economy.