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Showing posts from February, 2012

When the Building Came Alive

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Kasturi Dhama Apartments — the play area where many evenings came alive. The lights would go out without warning. For a brief second, the entire building would fall silent. Then, from somewhere in Kasturi Dhama Apartments, a chorus would erupt. “Yayyy!” It is difficult to imagine children celebrating a power failure today. But in the Bangalore of the nineties and early 2000s, a power cut did not always feel like an inconvenience. Especially in the late evenings, it felt like permission. Permission to stop whatever we were doing, leave the darkness inside our homes, and step into the building outside. Before Kasturi Dhama became home, we had moved through a few different parts of Bangalore. My family had begun in Srirampuram and Vyalikaval before gradually cementing ourselves in Malleswaram for the next few decades. My earliest memory is of living in a vatara —a Kannada word loosely used for a building or a cluster of homes—on 15th Cross, near Karur Vy...

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. ...