Posts

Showing posts from February, 2012

Partly Yours, Partly Lost

Image
Some places stay with you long after life has moved elsewhere. There is something strange about destiny. You just cannot overcome it, but at the same time, you cannot simply do nothing because something is destined to happen. In India, it is not uncommon to have your horoscope charted about a year after birth. Grandparents wait with bated breath to hear how well the stars were aligned, and what remedies might be needed to appease the Gods. So when I was a year old, my grandmother took my birth date and time to Dharmaraja Ghanapadigal, one of the most revered astrologers in Pudukkottai. He apparently told her that I would do reasonably well in studies, travel to multiple countries, and eventually live abroad. Here was an old lady asking about her grandson from a small town. My parents were then living in Gobichettipalayam. This was the eighties, long before economic reforms had changed the country. My grandmother thanked him politely, but quietly wondere...

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. ...