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Showing posts from February, 2012

When Destiny Sends Its Helpers

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Keep running. The right people find you on the way. At different stages of life, you’re confronted with different challenges. And each time you cross a hurdle, you feel that familiar sense of accomplishment. It’s tempting to attribute that success to your own skill, tenacity, and willpower — to pat yourself on the back and feel proud of how you handled it. But when you zoom out and look at the moments where you somehow managed to trump the odds, a quieter realization sets in: It’s never just you. There is always an unseen army that shows up at the right time. It was 2005. I had decided to pursue my Master’s in the US. I picked a few schools in the Midwest where the expenses were manageable, and that’s how the University of Missouri–Rolla entered the picture. But funding was still a massive question mark. I hadn’t secured any assistantship, and we didn’t have the means to pay out of pocket. We went from bank to bank, hoping for an education loan. Each manager aske...

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. ...