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Showing posts from February, 2012

The Years They Will Remember

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Akhil and Sahana with thatha. Akhil is in sixth grade. Sahana is in fourth grade. My own fourth grade feels like a blur, but I remember sixth grade quite well. Mrs. Vijayalakshmi was our class teacher. She was outstanding at teaching English. At BP Indian, grammar, punctuation, and the structure of a composition mattered. Some of my classmates had a natural flair for writing, and I loved reading how they put their thoughts on paper. I came third in class that year and received a merit prize. I still remember the books: Five Have a Wonderful Time by Enid Blyton and Grandmother’s Tale by R. K. Narayan. I still have my copy of Grandmother’s Tale . Inside is the school’s prize label: third rank, Class VI D, 1992–93, awarded to Subbarathinam—the name I went by then. My sixth-grade merit prize. I still have the book. ...

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. ...