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Showing posts from February, 2012

Kula Deivam and the Act of Returning

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Kunnathur, rebuilt — familiar, and not. When I was growing up, I spent most summers with my grandparents and extended family. My maternal side was based in Pudukkottai, my paternal side in Gobichettipalayam—Gobi, for short—in Tamil Nadu. Like most families, ours has since scattered, pulled toward larger cities and better livelihoods. The structure is new. The pull is old. Back then, our visits were unremarkable in the best way. We stayed home. Visitors came and went through the day. When we were in Gobi, there was one outing we never missed: a visit to our kula deivam at Kunnathur, about twenty-five kilometers away. We would pile into a van or a bus, pack food, and set out like an informal family pilgrimage—grandparents, uncles, aunts, cousins, all together. My paati would make sweet pongal and offer it to Goddess Angala Parameswari, an avatar of Parvati. There were no restaurant...

The stock market expert

I am currently reading Michael Lewis's Boomerang: Travels in the new third world , a hilarious account of the events that led to the economic meltdown in Iceland, Greece and Ireland, and of course, eventually, the rest of the world.  Iceland's situation was due to the fact that every fisherman wanted to be a financial investor, Greece's was due to inflated accounts and Ireland's was due to the collapse of the banking structure. Iceland was especially funny, because I could exactly relate to what happened.  I am not a fisherman, but I did turn a financial investor with fantastic results.  So, let me tell you three stories; these stories changed the way I invest. The first story was pretty devastating as an early investor.  After making tons of mistakes by investing in worthless companies, I thought it was time I took on the big guns.  I realized that if you actually want to make money, it should be done not by volume but by the quality of the stock. ...