My Journey

2011-03-14T09:36:00.000-07:00

""Nobody goes there any more. It's too crowded"" what!!?

Remarkable false memories

2010-11-17T09:40:00.000-08:00

Remarkable false memories: "My advice write it down…Via Daniel Simons @ Invisible Gorilla Blog one of my favorite researchers and author of The Invisible GorillaExcerpt (via Invisible Gorilla)You probably think that you remember how you first heard about the attacks on the World Trade Center on September 11, 2001. When I think back to the events of that day, I feel like I’m playing back a

2010-07-16T11:27:00.001-07:00

RISK COMES FROM NOT KNOWING WHATYOU’RE DOING.

2010-07-16T11:03:00.000-07:00

IF YOU'RE IN THELUCKIEST 1 PER CENT OFHUMANITY, YOU OWE ITTO THE REST OFHUMANITY TO THINKABOUT THE OTHER 99PER CENT.

"Not my job" of the year award!

2010-05-17T07:19:00.001-07:00

Now this is what we call as “Out of scope”…

Economics of Happiness

2010-05-17T07:00:00.001-07:00

dont have the original link:PICTURE this. You win Rs 100 crore in a lottery. You are obviouslydelighted and even considering early retirement. After sometimehowever, the happiness derived from consuming goods that the lotterywinnings can buy wears off.Economists state that happiness derived from buying conspicuous goodsis likely to be short-lived. They refer to this phenomenon as the"hedonic

Anger Management !

2010-05-17T06:52:00.001-07:00

Dad to son: when I beat you how do you control your anger?Son: I start cleaning toiletDad: How does that satisfy you?Son: I clean it with your toothbrush

Why Parents Get Gray Hair !

2010-05-17T06:50:00.000-07:00

The boss of a big company needed to call one of his employees about an urgent problem with one of the main computers. He dialed the employee's home phone number and was greeted with a child's whispered, "Hello?" "Is your Daddy home?" he asked. "Yes," whispered the small voice. "May I talk with him?" To the surprise of the boss, the small voice whispered, "No." Wanting to talk with an adult, the

Joke

2010-05-17T06:47:00.001-07:00

> Everyone can loose weight - irrespective of how they are...>> This fat guy - goes to a> popular GYM in Bangalore [ :-)) ] sees an ad for a new gym> guaranteeing to reduce anyone's weight by 5, 10 or 20 kilograms on the> first day. So he goes and tells them he wants to lose 5 kg. They lead> him into a huge gym with all kinds of ropes and parallel bars and> ladders and tell him to wait a

Joke

2010-05-17T06:46:00.001-07:00

> Nice joke especially for those who were mischeivous during their childhood>> > Where is GOD?> >> > A couple had two little boys, ages 8 and 10, who were excessively> > mischievous. They were always getting into trouble and their parents> > knew that, if any mischief occurred in their town, their sons were> > probably involved.> >> >> > The boy's mother heard that a clergyman in town had

2010-05-17T06:26:00.000-07:00

"A man has to learn that he cannot command things, but that he can command himself; that he cannot coerce the wills of others, but that he can mold and master his own will: and things serve him who serves truth; people seek guidance of him who is master of himself"

Mr. Buffett you have seen so many crashes and recessions, your take on facing recessions and stock market crashes ?

2010-05-17T06:23:00.001-07:00

Warren Buffett's Answer:If past history was all there was to the game, the richest people would be librarians. Every scenario is different. But always remember, Tough times do not last. Tough people do.

I think it is marvelous that you have had a golden run with investing, how did you do that ?

2010-05-17T06:21:00.001-07:00

Warren Buffett's Answer:My rule is to be fearful when others are greedy, and be greedy when others are fearful. Besides, I call investing the greatest job in the world because you never have to swing. You stand at the plate; the pitcher throws you General Motors at 47! U.S. Steel at 39! And nobody calls a strike on you. There's no penalty except opportunity lost. All day you wait for the pitch

When do you plan to retire?

2010-05-17T06:18:00.000-07:00

Warren Buffett's Answer:I love my job; I love it so much that I tap dance to work. Mrs. B, the founder of Nebraska Furniture Mark worked until she was 104, she died within 6 months of her retirement, that's a lesson to all my managers, don't retire! I personally am going to work 6-7 years after I die, probably that's what they mean when they say- "Thinking out of the Box"!!

How to think about Investing?

2010-05-17T06:08:00.000-07:00

Warren Buffett's Answer:The first investment primer was written by Aesop in 600 B.C. He said, 'A bird in the hand is worth two in the bush.' Aesop forgot to say when you get the two in the bush and what interest rates are; investing is simply figuring out your cash outlay (the bird in the hand) and comparing it to how many birds are in the bush and when you get them."

RBI buys Gold from IMF

2010-02-05T07:00:00.000-08:00

t is three months since India’s central bank—the Reserve Bank of India (RBI)—bought 200 tonnes of gold from the International Monetary Fund (IMF) for an astronomical price of $1,045 per ounce. India’s sudden decision to jump into the fray and purchase the yellow metal from IMF led to a historic surge in gold price.Gold price boomed to hit the history’s highest of $1,227 per ounce by the end of

Origin of Paper Currency

2010-02-05T06:52:00.000-08:00

The use of paper money really caught on in Europe in the 1700s, when the official bank of the French government began issuing paper money. The idea came from goldsmiths, who often gave people bills of receipt for their gold. The bills could be exchanged for the gold at a later date. That's an important fact in the development of paper money, because it means that the money represented a real

2009-04-22T04:57:00.000-07:00

"people cannot become rich by selling ever more expensive houses to one another" from http://www.nakedcapitalism.com/2008/04/let-britains-housing-bubble-burst.html Being rich is being able to afford a house. If house prices rise relative to the average wage then the country is getting poorer not richer. Your income may have risen but if what you want has only grown more expensive then you are

Self-justification

2009-03-10T06:13:00.000-07:00

The confession by Satyam’s CEO of an accounting fraud led to an intriguing reaction from one of my friends. He commented on how Mr Raju had the guts to confess and that other CEOs who engaged in similar fraud did not muster the courage to do so. If you made a similar outburst after the Satyam incident, it may be because of what behavioural psychologists call as cognitive dissonance. What is it?

Mental Accounting

2009-03-10T05:21:00.000-07:00

Mental accounting is a process by which the brain keeps goals and progress toward those goals separate from each other. A person may keep investments for retirement in one account and investments for the down payment on a house in another account. This is a mechanism that helps us with our self-control. Keeping things separate allows us to easily measure the progress of each goal.Traditional

The Cocktail Theory

2008-11-22T04:49:00.000-08:00

The Cocktail Theory is developed by Lynch for forecasting markets and has done so by standing in the middle of living rooms listening to what people have to say. In the first stage of an upward market where the market has been down for some time and no one expects it to rise again people are generally not talking about the markets. When someone asks Lynch what he does for a living and he

False Anchors

2008-10-22T04:55:00.000-07:00

By Professor Bakshi.. If you put something sweet in your mouth immediately after tasting a lemon, it will taste much sweeter than it really is. The contrast between sweet and sour gets accentuated if one experiences one taste immediately after the other. If you meet someone very attractive at a party, and immediately after that you are introduced to someone who, in contrast, is merely

Wanna save the planet? Do less work

2008-05-17T09:26:00.000-07:00

David Roberts, FastCompany.com | May 16, 2008The United States leads the world in two categories: work and waste.American employees put in more hours and take fewer vacations than just about anyone else in the industrialized world, and our individual ecological "footprints" are much larger.Coincidence? I think not. The way we work drives our habits of consumption and waste. The more we work, the

Premier League 2007-08

2008-05-09T07:33:00.000-07:00

Can't wait for the weekend to find out this year's EPL Champions.. CHECK OUT ROBBO'S CLOCKWATCH :-) too funny!!!!!!!!!!14.59: Reading take the lead at Pride Park. A new low for Derby – a minute before kick-off and they're already a goal down. 15.04: Chelsea one-up with a beautiful flowing move finished off by a trademark Lamps triple-deflection.15.08: Hold the front page! Emile Heskey scores and

2008-03-02T08:02:00.000-08:00

A good weekend.... wished Ishita a very happy birthday, India won the first final against Australia in this year's tri series cricket, lunch in Vijaya mess with extra curd and chicken fry, India won the U-19 world cup beating South Africa, Taare Zameen Par movie(Hindi: तारे जमीन पर, English translation: Stars on Earth), spoke to Balu about his exams, spring holidays and other regular blah blah..