I finally understood the Russian Roulette. Or at least I think I do. And it took me a good few years to get it. I hope you appreciate this and use it to eliminate some of the black swans in your life. Russian Roulette is a game where there are 2 players- A and B. A… Continue reading Russian Roulette
Writing is difficult. Writing well, even more so. Writing well requires a combination of a solid idea explained beautifully through simple words that hit the mark. Writing helps assimilate the thoughts. Part of the reason I think is because writing requires usage of a different part of the brain. And as this new part does… Continue reading Samuelson’s problem
On the 8th of November 2016, the PM of India announced that the Rs 500 and Rs 1000 notes would no longer be legal tenders. This announcement was followed by an unprecedented media coverage of the common man and his problems due to the demonetization, and a range of emotions from the media, the political parties, the experts and the public- frenzy, panic, anxiety, frustration, anger, happiness and sadness.
I recently got to attend a 3-day workshop conducted by Prof. Sanjay Bakshi at Flame University, Pune. (http://www.flame.edu.in/academics/executive-education/fil-with-the-masters/june-2016 ). Prof. announced the program on Twitter and Facebook and that's how I got to know about it. All applicants had to send an application along with their resume and the selection would be solely Prof.'s discretion. I… Continue reading Be a funnel, not a sponge
Warren Buffet's biography is titled - The Snowball. Why? Because according to him -you just need to find a wet patch of snow and a long slope for a snowball. In other words, you start small and slow with an idea (say value investing) and a long time (slope) which allows it compound in size and become a huge force (snowball). What a neat way to describe Buffett and his accomplishments!
Sharing experiences from my life when I missed opportunities when I wasn't ready.
Star in an ordinary team or Ordinary player in a star team. What would you choose?