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Showing posts from February, 2012

What Once Stood There

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There comes a day when you return to your childhood neighborhood and realize that you're the only one who still remembers what once stood there. For me, that neighborhood is Malleswaram. When people think of Malleswaram, they think of CTR, Janata Hotel (it's common in India to call a restaurant a hotel), Veena Stores, Sai Shakti and the other iconic eateries that continue to thrive. I think of the ones that quietly disappeared. Button Idlis from New Krishna Bhavan. Bangalore is famous for its darshinis—quick, self-service eateries where people stop for a bite before getting on with their day. When we were living in Kasturi Dhama Apartments, I would invariably find myself at Sahyadri, located near the 8th Cross bus stop on Margosa Road. The fluffy idlis, the steaming hot sambar with just a hint of jaggery, the freshly made coconut chutney, and the potato palya that accompanied the dosas had a way of pulling in anyone walking past. My favorites were always the idl...

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. ...