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Showing posts from February, 2012

The House in Pudukkottai That Woke Up at 5AM

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By 5AM, the house in Pudukkottai was already awake. The old tape recorder would be blaring Pithukuli Murugados songs somewhere inside, and above everything else you could hear the steady creak of the wooden swing moving back and forth. My athai paati — my grandfather’s sister — would often be on that swing, singing “Gopala Krishna Swamy Gokulathiley,” a soft Krishna lullaby . She had been widowed young and lived the rest of her life in that house, and to me she always felt like someone straight out of an RK Narayan story. For us, summer meant Pudukkottai and Gobichettipalayam. A couple of days after the final exam, we would take the overnight Trichy Express from Bangalore, then a bus onward, and by the next morning we would be inside that long, bustling house full of cousins, relatives, and noise. Athai Paati with the kids on the swing The house itself stretched from one street to another, a lon...

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. ...