Tuesday, May 25, 2010

Sharpen your compounding skills

BookValue
The Corruption Conundrum and Other Paradoxes and Dilemmas
V. Raghunathan
( http://www.penguinbooksindia.com/)

Learning from contradictions

How would you react if your bank wrote to you offering to let you borrow as much as you want for a period of one year and you only repay the interest with the principal being waived off? This is one of the many questions that V. Raghunathan poses in The Corruption Conundrum and Other Paradoxes and Dilemmas. The normal reaction may be to rush and borrow ‘a million bucks to build that dream house you have been planning all your life,' unless you were in Zimbabwe, where inflation peaked at 500 billion per cent in December 2008!

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