The size of a business is dependent on the potential of the idea and not on the pockets of the entrepreneur. Look at the example of Facebook, Mark Zuckerberg has created a company worth billions even though he had nothing in his pocket. However, as companies grow bigger, the ownership and managementRead more..

Financial theory all over the world is shrouded in rationalism. Every economics and finance textbook begins with the assumptions that man is a rational animal. They also assume that all the information is present with the investor and he can process it correctly. However, in reality, this is not theRead more..

We have already learnt that capital markets reward people for making sacrifices. People who choose to save the money get paid by the capital markets in the form of dividends and capital gains. However, the time duration for which you want to invest your money is also important. Someone, who is williRead more..

Few things in today’s world are easier than getting a payday loan. The same, unfortunately cannot be said about paying back the loan. Unlike getting a mortgage or a personal loan where extensive checks are involved, payday loans rely on minimal documentation. Lenders are competing amongst themRead more..

Let’s say you had two tickets to the Super bowl which was to be held in a neighboring city hundred miles away. These tickets were given to you on a complimentary basis. Imagine if on the day of the game, the river between the two cities has flooded and it would be dangerous to go and watch theRead more..

Accountants used a “Set of Books” in earlier times to keep track of the transactions that a particular organization was going through. These set of books, with the corresponding system, form one of the earliest control systems known to business organizations. Below is a description of thRead more..

Most of financial theory has been laid upon the fundamental assumption that all market participants have the same set of information. This has been debated over for decades for its correctness. However, recently advances in psychological theory have shown that even if two people have the same set ofRead more..

Getting payday loans in a fast and hassle free is the primary concern of the borrower. Many will just overlook the interest rates and the exorbitant cost in the favour of faster service. The amount of documents required to get a payday loan processed is a good indicator of how detailed their processRead more..

Processing fee is the single biggest reason for the payday lending industry to come under immense criticism. Most critics feel that charging a processing fee as high as the payday lenders is predatory lending. This has only helped cement the reputation of payday lenders as modern day loan sharks. Read more..

The text book says that all money is fungible i.e. any one dollar bill is as good as any other one dollar bill. However, in practice, people do not believe in accordance with this principle. There are countless people in the US who have a credit card debt at 20%, though at the same time they save moRead more..