If you were Rolex would you be in the watch business or the jewellery business? What about if you were a mystery novel writer? Would that put you in the book business? Continue reading
No one can tell the future. And yet we all need to know where we’re going. Hence the dilemma. Continue reading
In another post I had said that there were three ways to deal with risks. You could take them on yourself, you could get someone else to take care of them or you could try to dodge the risk entirely by not putting yourself in a situation where you could be exposed to it.
In this post I want to talk about the first choice. If you take on the risk yourself, what are your options on what to do with it? Continue reading
You may have heard the term “risk attitude”. What does it really mean? In this article I will cover four known and studied types of risk attitudes. Continue reading
In this article I will walk you through a high level view of how to assess credit risk and compare it with how a bank may approach the same problem. Continue reading
In some of my posts especially those that talk about elements of finance, I often use analogies that incorporate shady characters, loan sharks, mobsters, crooks etc. Are people in finance honest? Continue reading
Someone once told me they did not understand how a loan can be sold or bought. The concept did not make sense to them. Here is how I explained it. Continue reading