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Showing posts with the label musings

Inclusive growth is a myth

Inclusive growth suggests expansion across all sectors and levels of society. At first glance, it seems attractive, but deeper examination reveals its shortcomings. Firstly, inclusive growth implies uniform development across all sectors. However, if every sector expands at the same rate, it equates to no growth, maintaining the status quo between different social classes. Secondly, considering communism, which mirrors the concept of ideal inclusive growth, George Orwell's phrase "All animals are equal, but some are more equal than others" highlights the inherent inequality in decision-making within an ostensibly equal society. This suggests that true inclusive growth is a utopian ideal, impractical and incompatible with human nature, as evidenced by the global failures of communism. Thirdly, the trickle-down theory posits that growth in the upper echelons of society will eventually benefit the lower echelons. Unlike inclusive growth, it allows for varying growth rates ac...

Do not fear to be eccentric in opinion, for every opinion now accepted was once eccentric

"Free thinking is the essence of creation." This suggests that if a creation is pure, it remains untainted by anything we have previously learned. While this may appear eccentric to some, it is not necessarily so. New ideas are often initially rejected by the established system, yet they may eventually shape the future of our thought. Firstly, consider the invention initially deemed irrelevant but which later determined the course of science: the theory of relativity. It was not deemed significant enough for a Nobel Prize, yet Albert Einstein was later honored as the person of the century by TIME magazine, primarily for this theory. Secondly, the introduction of computers in India faced initial opposition from Indian ministers when proposed by Rajiv Gandhi. Today, however, computers hold a central role in Indian society and are likely the largest contributors to India's GDP. A significant risk of proposing new ideas that fail is the potential loss of credibility. Therefor...

Who do we need more - Entrepreneurs or Managers

In the modern world, the demand for managers far exceeds that for entrepreneurs. For every entrepreneur, we require hundreds of managers. Firstly, while entrepreneurs provide ideas, their successful implementation, which is crucial, depends on managers. A multitude of managers are necessary for each viable idea. Secondly, although an idea is the seed of a business and holds its own importance, managers are the ones who nurture that business over decades, making their role more significant. The success of an idea hinges on a manager's responsibility. Lastly, if we were to hypothesize a world without entrepreneurs, existing businesses would persist. However, if managers were absent, businesses would cease to function, leading to societal stagnation. Therefore, living without entrepreneurs is more feasible. In summary, while entrepreneurs are undoubtedly important, the need for managers is greater.

Jan Lokpal Campaign

So, if I ask the question: Which of the following do you support? 1. Movement against corruption 2. Jan Lokpal Bill 3. Anna Hazare and other civil society member. Nobody likes corruption unless you are in a place where you can be corrupt. The large gathering of people in "support" of Anna were those on the receiving end. But as soon as you place them on the other side of the table, they'll not hesitate in surpassing their predecessor. They won't shy away from the extra money they can make. However, so many people came to Ramlila maidan, something is driving them there. Who is it? Arvind Kejriwal? Kiran Bedi? The Bhushans? Anna? or should we worry about what is it? They are of course unemployed, they are in the ramlila maidan for days. There stomachs are full, if not full, it is half full. They don't have nothing to do, so they are present there, its like a mela, isn't it? ya there are TV stars coming over from all over India.... even movie stars.... yo...

OBC quota

Brain Drain....students going abroad and all that stuff....students takin' private sector as their mainstay for placement...why???? cuz govt followed the quota system for so many yrs, quality of one's work is not given priorty, talent has no meaning now. Govt. has given quota for SC/ST for so many years and now for OBC, oh how sorry I am, about my country's politics...10 yrs down the line I see no radical changes taking place in Indian politics.......

The Market, The money and you

As I am writing this article, the sensex is climbing up or going down... This is the volatility that is going on these days in the market. If the market is volatile we can earn a great deal out of it and its not the time of longterm investment. The volatility of the maket these days is evident from the fact that a single stock is changing upto 43% in a day. The two most voolatile stock in the market are RNRL and Essar Oil. Relianace group stocks and the Indiabulls stocks are these days the best stocks for intra day trading as they are changing each day. If a person wants to earn some money out of the market, the time is ripe now. But on the other side of hedge stands the losses that they can incur to the retail investors. if the stock is going down a retail investor has a proclivity of keeping the stock thinking that it will come up again. But this kind of penchant is not doing any good for the retail investors at least. If a stock is going up you should sell that stock if you have ear...