For a regular Joe, most finance & instruments are complex and unnecessary. But for some institutions with specific operations exposed to very specific type of vagaries, even the most stupidly complex structured product CDO squared will be a life saver. 
  
 BUT, the risk takers like IBs selling that product often find the Unit economics for a single niche client (such as dealing in weather derivatives) very subdued, so they MIS-SELL. ie find some unsophisticated Joe and stick him that. And that's why a relationship manager is selling a ULIP/Life insurance to some 80yr grandpa in a Tier 3 town or the Pension funds of US got sold those CDO squared.

Also, I recently read that accounting/ledgers were the PROBLEM that  the written script and our numeric systems were invented to solve. The numeric systems (Roman/Indo Arabic) started to note who owed what to whom. Our entire measurements and science came from finance. That was very interesting.

Investment Manager

My thesis has been that finance has been made complex deliberately and it isn't rocket science.  Would love to hear some madeup complexities.

Welcome to Personal Finance's Private Community

My thesis has been that finance has been made complex deliberately and it isn't rocket science.

Would love to hear some madeup complexities.

What's the most unnecessarily complex finance Gyan you ever got? By whom?

Product Owner

What's the most unnecessarily complex finance Gyan you ever got? By whom?- Grapevine

How many of you find financial jargons confusing. There are so many terms that we hear - debt, elss, liquid funds blah blah 
So many fin- influenzers telling something or the other on social media and with time to fill ITR nearing closer its all more bombardment.

Do you think a need of much simpler explaination?

Financial jargons

Software Developer

Welcome to Office Gossip's Private Community

Some finance person needs to explain this

As I came across people from various backgrounds, I see a very motive driven purpose for the need of Financial Education in India. What do you guys think ? People aren't aware about basic terms like assets/liabilities, Why do we file taxes, Vicious circle of Debts, compounding and a lot more. And which is why the young population even after earning in lakhs end up spending it all😭 

Thoughts ?

Is Finance Education a real need ?

Generalist

Why is there such a low penetration of credit cards in India ?? What problems do guys face in relation to credit cards and needs to change ??

Credit cards

Software Engineer

Why do highly logical finance people believe in God or Religious?

Investor

Welcome to Fintech India's Private Community

What is this Finance with Sharan upto?

Product Manager

To all paytm folks and people having first hand knowledge of this matter: how true is the statement that the 1k layoffs are due to AI? or is it just a bs PR move to justify layoffs (like any other organisation)

Paytm: AI led job loss

100% bullshit 😆 
  
 AI is like an easy target to blame.  
  
 Truth is - They have accumulated insane NPAs in low ticket size loans which RBI also highlighted. Pausing that business made a huge chunk of people redundant. At the same time, there’s insane pressure to boost up the stock price as it’s still treading much lower than IPO price.

Growth Manager

So, I'm a final year B.Tech. student, keen to learn about finance. How and what should I refer to while starting with learning about finance in general?

Please suggest some sites/videos/books for the same.

How to Learn Finance?

So apparently, the finance section is not for personal finance

Whenever I read any posts like - What should someone do in their early 20s or late 20s etc.? 
There is always this general advice of developing skills. Every 3 or 4 insta reel, develop skills.

What skills are being talked about here? Give some good examples as to what skills to develop over the 20s, 30s etc.

What skills do people keep saying to develop?

Welcome to News Discussion's Private Community

I am in shock that the Canadian PM, in the Canadian Parliament no less has alleged that India has eliminated a khalistani on Canadian soil. 
I still remember the days, when the single greatest attack on the soul of the country took place in Mumbai on 26/11, all we could do was establish backchannel diplomacy with the likes of the US to get Pakistan to 'calm down'. Not a single bullet was fired in return in a nation that perceived our weak national security as par for the course, getting the Congress led UPA that presided over this moment of unparalleled humiliation, a thumping verdict in 2009. That was an India where we would lament the lack of credible retaliation options including Covert Ops. It was often stated that IK Gujral rolled back R&AW operations outside the country as an excuse for our lack. Although, no action was taken to initiate the operations again. NONE. But excuses were ready should failures occur again.

That India of my childhood, seems like a distant past. When URI and Balakot happened, we crossed the LoC and launched Spl Ops to impose rising costs upon Pakistani aggression. Khalistani or old thoroughbred battle hardened Islamic Jihad commanders in Pakistan or PoK are being neutralized, further raising costs to threatening Indian interests. 

This is not the India I grew up in. 2004-14, when we ought to have taken off, came a pauper after the initial global liquidity fuelled growth from 04-07. Congress went on a far left loony socialistic binge, with massive amounts of debt given to Crony Industrialist friends leading to an NPA crisis which led to Private investment paralysis, plummeting growth further, and inflation hitting the skies. 

But now, we are poised for a decade or two of rapid, high quality, solid economic growth. All of these factors combine to bolster our Gross National Power like never before. 

We were supposed to be poor, timid and helpless. We pursued sympathy over strength. But I guess, this is no longer the India we knew of.

This is NOT the India I grew up in

This is not the India I grew up, where there was some trust left between religious communities and people were mostly tolerant of each other. Indian cricket team had a Muslim captain, and now an Indian Muslim fastbowler is facing Internet trolls.  
  
 This is not the India I grew up in where hate mongering was not mainstream and was frowned upon.  
  
  
 This is not the India I grew up in. Democratic institutions were fairly independent and there was no Supreme leader worship among the masses.

Finance Consultant

Co-Founder

Just finished watching "The Big Short" and I must say the movie is perhaps a great recap of what it may have been like during GFC.

[Thread] What is your favourite movie on Finance?

#1 Big Short
#2 Margin Call
#3 Inside Job
#4 Too big to fail

Looking for price prediction for 6 month, 12 month period.

Poor mutual fund investors.

The Fall begins

Asking from people who consider that one should strive towards owning a house (or an even stronger stance that not owning a house is not an option for them).

Really want to understand their POV. 

Why are you comfortable taking 15-20 year loans for the dream of owning a house?

Owning a house, what's the appeal?

Business Analyst

Welcome to Business Roles's Private Community

IIMboacki 2y or 1y package is less than masters union 1y course!!!

Do u agree or have any perspective?

35 Lpa Avg Package at Master's Union >> IIM blacki

1. “Powered by Masters Union”, not news but PR by them 
 2. Batch size not given  
 3. 20% placed in founders office roles.😂😂 
 Don’t trust MU for the next 2 3 years. Phir sab nikal jaayega

Senior Consultant

Welcome to Indian Startups's Private Community

Can you guys post what all algorithms you have been through related to FINANCE and gold tracking

Bes Finance Algorithm

I am a '21 graduate from a Tier 1 college (old IIT) and have had short stints as product manager at a couple of startups. About a year back, I decided to startup but after a few months, realized that startup idea wasn't worth pursuing. 

Researched around a few startup ideas and finally landed upon a good one in D2C space. But the problem is financing. I don't have much saving and friends / family network wouldn't be able to finance this. I really want to pursue this idea but finance is becoming a hindrance. 

So started looking for job opportunities about 3 months back. I have been exploring work opportunities in product / founder office / EIR roles or other generalist role. 

Job hunt process has been frustrating to say the least. Getting very few calls. In most cases, people are ghosting after couple of rounds of interview or assignment. In some cases, after getting through 2-3 rounds, I got to know that opening has been closed temporarily. Most HRs don't even have the decency to give feedback. 

I don't intend to work in job for long anyway. As soon as I have the job, I plan to start working on my business idea and quit as soon as I have enough financial leeway. 

How should I go about job hunt process? I have been trying to connect with folks on LinkedIn in whose company job openings are there. Apart from this, I have been connecting with founders from recently funded startups. Naukri / Instahyre and IIM Jobs are other portals I have been looking on. Anything I should do differently here? 

Looking forward to hearing your suggestions / experience.

How bad is the job market?

Just a advice: 
  
 Never do the assignment for any company.This company will ghost you every time after the assignment or will offer lower pay / lower position. 
  
 Companies just try to get ideas via the assignment

Folks, want to understand why there is so much chaos in fintech in indian startup ecosystem. I don't find one single company with well defined processes or SOP's 

Companies claim to have tall valuations as big as established conglomerates but when it comes to process or SOP's they're not even a % of it.

Has anyone else also faced and realised it? These cos have minds from all top both places yet can't setup processes makes it little unbelievable.

Fintech chaos

Sales

Both indexes began diverging sometime close to when Fed started to aggressively hike rates. It appears that the post-COVID rally was more favourable to the S&P but NIFTY is currently outperforming on absolute returns.

My idea is fundamentally simple. Financial prudence during the raging recovery paid off for us, the economy appears resilient and poised to do well in the near to mid-term. It also reflects that markets are pricing recessionary risk very differently to both markets.

Any ideas by others?

What's the most unnecessarily complex finance Gyan you ever got? By whom?

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