Why does this site exist
This site exists because Indian medicos , even though earn decent , work hard but still are often confused financially. This is less connected to their intelligence and exists more as a result of systemic negligence around understanding the finance and economics around medical life. There’s a sharp contrast between how medicine and economics work and that’s exactly what my area of interest lies. I believe the financial and economic side of medicine is something which needs attention in today’s world of AI and innovative healthcare models.FORAMEN OF FINANCE is a humble attempt from my side to create a quiet space on the internet equipped with the information which i gathered over months that is accessible , easy to understand , with a sole purpose of decentralising the concepts and diluting the complexity around economics and finance for every Indian medico in a way which probably hasn’t been attempted before. This is a long way and I feel collaborations from fellow medicos would help to make this mission even better.
The problem this site tries to address
In a single sentence , “dealing with uncertainties by understanding the mechanics below “. oh wait , isn’t it the basis of medicine too ?. Every medical decision we take is composed of reward and risk and thats a game which we play on a daily basis to secure the best possible health outcome for our patients. i have tried to apply the same logics with economics around medicine and the outcomes are interestingly easy to understand. the site addresses the gaps between your understanding of the mechanics and your current state and empowers your decision making abilities. The content of the site aims to force you to slow down , reflect on your financial outlook and take actionable steps which we often procrastinate to do. the site does not position itself as a last word and focuses solely on “what this is and how does this matter”.
What this site is
This site aims to be a collection of content that is centred around the economic angle of medical life. Firstly , it will have blogs exploring interesting and relevant concepts around money , investing , taxation ,banking , insurance , healthcare and its business economics . Later , it also aims to cover the brief analysis and discussion of developments from healthcare sectors and their possible impacts mainly from an economic perspective . There will also be a special attention to cover the topics like financial scams , healthcare bills in parliament , and important correlations from history . The content is aimed at helping medicos connect things in a broader context and see them with an improved clarity.
What this site is not
This site is not for stock or sector tips , not for recommendation of mutual funds OR any investment product. I am not an RIA , nor a MF distributor and neither i intend to become one so this is not an advisory service either. You shall find no shortcuts in content of this site , no links to any masterclass which claims to make you a money minting machine right away. There is no pressure to change or demeaning of any investing style as long as you are legally confident about it. The content on this site does not have all the answers and at times may contain old data which updated quicker which needs revision. and lastly , this site is not where your genuine questions will be ridiculed.
How to read what is here
This site is a coffee which you should sip slowly at your pace. This is not a syllabus so there isn’t any deadline , none of us are at the same stage and that’s what has been a central idea while creating this website. You yourself decide what makes you curious to read and what needs skipping. Although to have some structure , the writings have been rooted into 3 different domains. 1) basics , orientations and perspectives. 2) essays and briefs 3) analysis , systems and context .