Financial concepts, one at a time.
Wealth Primer explains how to read a company, a chart, a fund and a tax rule — in plain language, with worked examples on real Indian numbers. It teaches concepts. It never tells you what to buy.
Start here
Jargon, Decoded
One financial term or ratio at a time — P/E, ROCE, P/B, and the rest, explained with a worked example.
Fundamental Analysis — Beginner to Expert
Reading financial statements, key ratios, and valuation basics, from first principles to DCF.
Technical Analysis — Zero to Hero
Candlesticks to chart patterns — plus an honest look at what technical analysis can't tell you.
Mutual Funds, Minus the Marketing
Rolling returns, expense ratios, drawdowns, SIP myths, and how to actually read a factsheet.
The Tax Side of Investing
How capital gains, dividends and losses are actually taxed in India — mechanics first, with worked examples on real fund data.
Latest posts
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Quick Ratio: coverage without counting on inventory
The acid test: coverage once inventory is stripped out entirely. Why the quick ratio is the stricter cousin of the current ratio, and when the gap matters.
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Current Ratio: can short-term assets cover short-term bills
Can short-term assets cover short-term bills? The current ratio, why textbook thresholds mislead, and the four numbers to read around it before trusting it.
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Net Working Capital: the cushion for day-to-day operations
Current assets minus current liabilities: the rupee cushion between short-term resources and short-term obligations, and when a large cushion is a bad sign.
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Asset Turnover: how much revenue a company squeezes out of what it owns
How much revenue a company generates per rupee of assets. Asset turnover as a pure efficiency measure, and why it says nothing at all about margins.
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Cash Conversion Cycle: how long cash is actually stuck in the business
Inventory, debtor and creditor days combined into one number: how many days cash is genuinely stuck in the business, and what a negative cycle means.
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Creditor Days: how long a company takes to pay its own suppliers
How long a company takes to pay its own suppliers, and why stretching payables is interest-free funding right up until the point that it isn't.
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Debtor Days: how long customers take to actually pay
Once a sale is made on credit, how long until the cash actually arrives? Debtor days, DSO, and why receivables are a claim on money rather than money.
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Inventory Days: how long stock sits on the shelf before it sells
How many days of stock a company sits on before it sells. Inventory days, the formula, and what a steadily rising number usually signals about demand.