Hornmerchant's BLOG

Imagine you are a sole breadwinner in the family (well, that's the case in most families in India). You haven't unfortunately made provision for emergency fund and don't have a health insurance (well, again that's the case for most Indians). You fall sick...severly sick, requiring several months of rest (personally, I have the experience of falling sick for 6+ months when I was college student) You start taking treatment & rest and don't go to work. One month passes; you manage it somehow. 2nd month your income will be severely hit or you won't get salary. You have to manage family expenses as well as cost of your treatment. You have no option but to sell your long term assets or borrow. You do one of them. By 3rd month, fortunately you start recovering. You feel much better. But you aren't cured fully yet. You mostly need another 4-6 weeks rest to fully recover.  But you are desperate to get back to work. You feel you can't afford to rest w...

There are people who say “This Time is Different” like the very same ‘boy who cried wolf’. At the same time, because it has become a cliché, there are many other people who cry “this time also is NOT any different”.   Well, that too has become a cliché! Sometimes, ignoring the cries of wolf impact them more than the ones who cry.   Many a times some wicked individuals make fake calls to scare people of ‘bomb threat’ at public places. Ignoring those calls, unlike the boy crying wolf, it is dangerous and risky of the public rather than the person faking it. The problem becomes too difficult for the people to comprehend, when both sides of the people crying foul and the people denying it are made of learned individuals and subject matter experts. Most often than not, in today’s complex world, we are exposed to such situations. Ongoing ‘Novel Corona Virus’ / ‘Covid-19’ is the same case. There are mainly two major impacts it is creating. One, the health (physiologica...

A little more than a month ago, stock markets in India and all over the world were at their all time highs. Suddenly, in a matter of few working days markets crashed at a speed that wasn’t seen before, including at the time of financial melt-down and recession of 2008-09. Until the end of first week of this month, I believed, in my life time I’ll never again see 2008-09 kind of crash. No living person then and today so far remembers experiencing any bigger stock market crash of a magnitude of 2008-09. Well, for Indians, it was the only biggest crash people have seen. In USA, something bigger had happened during ‘great depression’ of 1929, when Indian Stock Market was practically non-existent (though BSE is more than century old, there is no data, benchmark whatsoever for those dates). During 2008-09 I was still amateur investor with little money. That situation should have been much better for me, if had not done a bad financial decision just few months before the recession took enti...