Finding symmetries in a hugely unsymmetrical world ..

There was once a time when you just joined an organization, and all you wanted to do, was to get to that “chair of eminence”, too early . You worked day by day, harder each day, until one day (may be) , you realized what is required is persistence .If you were lucky and deserving (not in any particular order), you got part of what you needed timely .

There seems to be a similar problem with economy. To grow, an Economy must be persistent, and aligned to the interests it is supposed to serve , its denizens .But that hardly is the case. Sooner or later, it becomes a victim of its own beneficiaries .





What typically happens is the other way round – Witnessing the liberal , or the radical reforms , an economy opens up, and there is so much new to embrace, so many unrealized , and all potential ideas , that coping up with Idea Management and harnessing the power of an “Open Economy” gets a lot tougher .

That this picture of “Boom” is overly exaggerated , is seen in the rapid growth, speculation in the stock indices, and a lot of virtual ,exponential and mostly undeserving sources of income . This gives an overall impression of Development , which further adds on to the inflation. Since there has not been any “real wealth” that has been created and with the cost of living actually going high , the standard of living actually falls !

And ,then there are loopholes , which are poked (and exploited) by the Foreign investors, and black Marketers who are quick to pick up these “Gaps in perceptions” , and cash on this virtual money looting and amassing wealth . It happens all the while, just before the bubble busts . This is precisely what money laundering schemes operate on – future growth perspectives to deny/delay the returns of the present gains (i.e. the satisfaction you would get when you “consumed” rather than “saved up” )

So there is a fundamental thing to ask every time you see a “perception” maturing  -

Maths never lies, unless the numbers are made up ! Speak to them, read them, eat them , find the patterns and digest them .

And unlike other “perceptions” , they make sense , for they speak to you on your face , however harsh the truth be .

SEEK IT !


~
ek

Where is your will to be weird ? – Jim Morrison

Calories , Economics and anatomy of “Out of Print” !

Posted by: ekta1007 on: January 13, 2010

There’s an interesting read that says “Money is a token that represents the calories of human energy or labor ” , i.e.. when money changes hands the energies put into producing those goods and services is “exchanged” for other goods or service, or “converted” into other forms of goods or services .

We say that the worth/wealth of any country is the amount goods and services they produce together. Also, we measure the amount of currency that any country can publish notes is measured by the amount of gold reserves it has .But with the flashy money “generating instruments” like credit instruments, we have more and more of virtual money which is effectually giving us the impression of money that is just “perceived to have some value” That being said, shouldn’t it come as natural that there be another alternative “currency” for measuring the goods and services a country produces ?

And what has Math got to do with the DNA of the economic structure , shouldn’t that change wrt the virtual money that any country can leverage this virtual money?

Let us take an example of hyperinflation in which the “prices increase rapidly as a currency loses its value” . This accompanied by a complete loss of confidence in the money and hence the impulse to change it to stable goods and services to prevent further loss , is another type of Virtual money at it best, Simply because the country growth- i.e. the goods and services do not supplement adequately the increase in the supply of the notes.So much so has been Hyperinflation in history that notes were even used to make wallpapers (Germany) , buy 3 eggs with $100 billion banknote (Zimbabwe) .In most of the recessions , it is the virtual money that was overvalued, and at the best of the same, the market correction happens so naturally and flawlessly ,as an means to end.

But valuing the virtual money will more often be riddled by flaws . Simply because there is no concrete Math there. How do I account for an ever-increasing no. of credit cards, which people use all round the month, to pay off theirs debts later in the mid of next month with what they earned “that” particular month ?  The flaw is that the “calories” , or the goods have already been consumed , so there must be a deficit somewhere ! And it is this deficit that gives the impression of a booming currency .


But is that to say to throw the flashy credit instruments out of the window, not take loans for the goods you cannot afford upfront, or conversely, not pay off the returns of “future events” or the rainy day like life insurance? There’s got to be a clique operating internally between saving , consuming , demanding and generating . And this clique balances itself very well . Only when it topples, it is what we see and discredit as flaws in the market instruments . Why not balance in , day in and day out ?

What do you think, how can we catch this pattern, and use to arrive at an equilibrium which  makes the market sentiment flow in a concordant rhythm all the while, giving a reasonable estimate ?

Well there’s another catch there (thus justifying why Economics is so complex) -The catch is that it is all based on (market) Information asymmetry , for we are not ,  aware of the market operating as a unit in an objective way – it is this subjectiveness that hurts .


So go on, Educate yourself, not because Money matters (which it definitely does) – but because it can save us all , and the market that the country operates on future , unnecessary ,and avoidable surprises , nasty ones I mean .

~
ek

Find your Hub and your Tribe .

Posted by: ekta1007 on: January 12, 2010

We often say “I JUST happen to be at the wrong place, at the wrong time .” If that be it, when are we moving to the right place, if at all, we are !

There are people willing to be led, to listen to you, in the purview of what common interests you have. You just need to reach out, extend your hand, and share your common experiences and passions. People are more willing to listen than to change . This is not to preach to learn to respect others views and personal choices of lifestyle and Maslow’s hierarchy of needs, but to insist how much finding your tribe, sticking on and building an authentic relationships matter .

Amazing things happen when people with common interest meet – Silo’s are boring- get out, and find your place ! There’s one of such , for sure .

Here’s an Awesome read for the flow, and for energizing those creative genes !

If WE can then WE must !

~

ek

Write your obituary. If you don’t like the way it reads, change your life – NOW

Lessons from my Father on early economics ..

Posted by: ekta1007 on: December 18, 2009

Having been grown in humble middle class family, I use to accompany my Dad to most of the trips to “Sabji-Mandi” , or the local market on  humid evenings.

Dad had a fixed regime to purchase anything, even if we intended to buy just one Kg’s of Potatoes, he would make me escort him to virtually the entire Mandi, and enquire about the prices that the potatoes were selling at . Satisfied, he would eventually go back to the lowest vendor, with a quality that he perceived was wholesome .

After each of these trips, I would grit my teeth ,and complain to my mother after I got back home “Dad, always purchases from the same vendor he asked the price from, and yet he makes me carry all the grocery bags, and accompany him to wherever he went. More so, after I m back, I miss on my cartoons! I m not going with him again.”

But the next time, dad would ask us two sisters ,who would like to come with him for the trip, I would jump, and say I .the temptation of a ride was far overwhelming . It was on one of these trips back home that I asked dad ,what I so often complained to mom .To which he explained If you do not know the price at which something sells, how do you decide, how much it is worth paying for.”

Dad grew up much before liberalization and the onset of Free trade, and open economy, and yet he understood it all, so well.

So, Knowledge of the markets is the prerequisite for any buying decision, for not only it helps a customer make a buying decision, it also gives the intangible “perceived equity” of the price that the goods are purchased at.

When you purchase a good, stock, or pay for any intangible asset (time being the most important) there are two questions to be asked -

(a.) How much are others willing to pay for it ?

(b.) Can I get it cheaper elsewhere?

(c.) What is my opportunity cost of investing the time I take to make this buying decision? (in terms of time and effort ‘lost’)

Living in the information age , that we are in, there is an immense, often overwhelming knowledge spillover in the internet ,and around us . And unless we know how to organize and manage this “limited commodity” – our time , there is no escape !

In one of my other first few stints with Economics, I was preparing a “chatni” , or the Indian Sauce , and it occurs that Onions are the basic ingredients of the preparation . Those were the days when the price of onions was shot to a whopping 40-60  Rs a Kg, it was the year 1994 ( I believe it was , coz the BJP government fell after that )  . Just when I was done with my culinary arts , and presented the same to my mother who was amused as to how I could prepare a nice preparation substituting radish with onions . That brings me to the concept of substitute goods, ie if the price of a good shots up, and unless the good happens to be a Giffen good, its perceived NEED must fall .

To think of it now, it is these interactions with economics I had in my early years, that shaped the way I perceive and decode economics.

What are your Real life lessons ?

~

ek

“Lucky are those who do not have time for Time-Pass ”

The paradox of Supply and Demand :The other perspective

Posted by: ekta1007 on: September 1, 2009

There is a phenomenon that has long puzzed the economits view of the supply and demand, and it is the Giffen Goods .

A Giffen good is termed as a good which people consume more of as price rises. If that be it, how is it  that this class of good defies the supply and demand equation ?

The existence of the phenomenon was first identified by a Victorian-era British statistician, Robert Giffen.

There are three necessary preconditions for this situation to arise:

a.The good in question must be an inferior good,

b.There must be a lack of close substitute goods, and

c. The good must constitute a substantial percentage of the buyer’s income, but not such a substantial percentage of the buyer’s income that none of the associated normal goods are consumed.

Water, Rice and other staple foods have long been said to be an example of the Giffen goods.

Here’s another view though :

If rice be a Giffen good , then increase in the price should increase its demand. But if for the same amount of money one can afford much luxurious Meat, why would he buy Rice ?

Is it just because Rice would still be more affordable? But even if that be it, why does the demand rice ?

Looking at it from this perspective :

I consume 4 kgs of Rice and 2 Kgs of meat in a week (Assuming these make up the substancial part of my income.

The price of rice now shoots ,and I can only afford to buy 2.5 Kgs.

But rice still being more affordable I cut down on my consumption of meat,and buy rice instead .

Here’s the trick !

If the price of a Giffen  good increases, then the supply for these “luxurious goods ” must decrease ,and they would become more affordable, as there will be more supply of it due to less consumption !

Wouldn’t they appear to be more affordable?

This is a question that is seldom ever raised in the context of the Giffen Goods.

So, the price of so called “Giffen Good” has a virtually cap, after which the demand for it, Must decrease and it will conform to the normal supply and demand curve .

So here’s my take ( Probably justifying why Giffen Goods is a less noted  phenomena) :

There should be none on the Giffen goods, the goods at best can adhere to the inelasticy of the demand curve, i.e the increase in price doesn’t change the consumption of the so perceived vital goods .

~

ek

I doubt, I think therefore I amRené Descartes


20/20

Posted by: ekta1007 on: June 5, 2009

Back at school, 20/20 excited us so much, so much that only later we took it for granted, and as we grew up, the marks deceased from20 to 19 to 17, to 9.

So what was it when the class teacher drew a star on your right cheek, and your wrist, or gave you a candy every time you scored a 20, afterall many others did get it too.

It was “Creating a model of success”, a small achievable goal which leads you into believing that things are very much doable.

In his book our Iceberg is melting, the author John Kotter talks about producing short term wins by creating some visible, unambiguous successes as soon as possible.

So today, choose not to just think it over, but to CREATE something, which further affirms your belief in an activity or a goal.
Create small measurable goals and milestone, and keep working , it is easier to wok on granulated problems then on a heap, for it will scare you to take the initial plunge.

This day just choose to DO.

 

~

ek

Lessons from the street

Posted by: ekta1007 on: May 13, 2009

The pretext before I take up from here : 

 I was reading this amazing post on kindling your curiosity; sure it must have kindled mine, because a day later I found myself writing this.


At the heart of it, Sam lays the proposition “. If we are going to be people who fully develop and maximise our potential, it will be in large part because of our curiosity” , which is quite true, because in the contemporary world IDEAS drive processes .


And here’s the street for you .. 


I was standing in my backyard ,and relishing my evening tea after office ,when I a kid who was running on the ground ,trying to compete, with what it seemed to me , his sibling.

 And while he was running, he fell off. But he did something that most of us adults do not do when we grow up. He KICKED the ground.


 That must have sure kindled my curiosity and the creative genes , enough to mention it here in my post !


 What is it that we unlearn so soon as we grow up, simple, it is fighting back .

 

 When was it last that you stopped by and instead of saying that “it ain’t fair”, fought back instead ? And if you do not remember when it was , you are in serious trouble, and Do something about it !

 

As kids we are curious, have an inherent desire to explore , and reach out to what surrounds us, but as grow up we start taking things for granted .

 


As Seth mentions, when you pass by a cow ,adult that you are, you never say, ohh that’s a cow, but if you pass by a purple cow, you saw ..Waooo did you notice that !

The message is simple , are you being a purple cow, are you worth remarking ?


In the new era of twitter, other such micro blogging phenomenon and seemless social media what is the value to you give to those you interact with . Are you just consuming their time ? (and mind you time is by far the most precious commodity)


So today so something that kindles your creativite quotient, that not only make you say Waoo I did that , but makes you so good enough that people remark about the person you are .

 

This is not to say be good at everything, but be good at one thing ,and that speak out for you .


Before I leave you to yourself,here’s a treat for you !




It is a pretty old one, but substantiates it well !

 


~

 ek

 ”All who have accomplished great things have had great aim,have fixed their gaze on a goal that was high , one which sometimes seemed impossible.”

 

 

The thing about bozo’s and Solvitas perambulatorum

Posted by: ekta1007 on: April 13, 2009

On a sunny morning , I open my inbox and I find the following comments about me “pathetic web site, all blogs are dumb…..some movies are made, after release director thinks, why did I made such a dumb, idiotic movie, I guess same goes with the idiotic page of urs..”

And I must say, that is the best compliment I have ever got ! Why, simple, no one remarks if you do a good job , we have far less time for that , but yes, if you meet a good resistance, you are doing a wonderful job. Keep it Up ! Shout out loud, and pat your back!


The message : If you are working hard, sure there will be people to pull you down. Guy Kawasaki calls them bozo’s, they are the people who tell you why certain thing will not work, and why you don’t need to take a plunge.


Bozo’s come in all shapes and sizes, but the worst ones are the ones in your friend circle, those who actually monitor your thought process, and tune the message to what you want to hear. Because all battles are on twice, once in your mind, and once in the battle field, these bozo’s make sure you lose out with your mind.

Here is how to productively fight these and other battles  day in and day out.

In my earlier post I had introduced about Solvitas perambulatorum.Here I touch upon the vital aspects of increasing your creative output, by feeding your brain the thought food it so desperately needs.


Thoughts matter : You might have heard this endlessly, “Feed your Brain with positive ideas”, and for a good reason, for when you think about HOW and not WHY, you shift your focus from pondering to creating something of value. Your goal then subconsciously becomes hitting the problem hard , because now the problem seems to occupy most of your time and energy and solving it becomes your priority.


Use the inputs well : Just before you start your workout ,set with the problem in your mind. Since there is a better circulation of blood to the brain when you work out, there are chances that you will think about it from a different stand that you did not earlier .


A research carried out in the early 1980s by Marian Diamond, a neuroanatomist at the University of California at Berkeley, made some discoveries about brains in general and Einstein’s in particular that could revolutionize ideas about genius and help entrepreneurs who want to become more innovative. 

 

One of Diamond’s experiments was with rats, One group she placed in a super-stimulating environment with swings, ladders, treadmills, and toys. The other group was confined to bare cages. The rats in the high-stimulus environment not only lived to the advanced age of 3 (the equivalent of 90 in a man), but their brains increased in size, sprouting new glial cells, which make connections between neurons (nerve cells) As long ago as 1911, Santiago Ramon y Cajal, the father of neuroanatomy, had found that the number of interconnections between neurons was a far better predictor of brainpower than the sheer number of neurons. 

 

So, in rats, Diamond had created the physical footprint of higher intelligence through mental exercise. She then examined sections of Einstein’s brain — and found that it, too, was unusually “interconnected.”

It had a larger-than-normal number of glial cells in the left parietal lobe, which is a kind of neurological switching station that connects the various areas of the brain. It has long been known that unlike neurons, which do not reproduce after we are born, the connective hardware of the brain — glial cells, axons, and dendrites — can increase in number throughout life, depending on how you use your brain.

 

The more we learn, the more of these pathways are created. When we learn a skill such as riding a bicycle, We create connections between brain cells that remain, even if we don’t practice the skill for decades. Mental power is, in a way, connective power. 

Research data picked from the data  here .


Which is to say that working out works ! 

 

Find the connections :  There is a reason why a certain though comes to you, write it down if you feel there is a tinge of creativity .Even if you are not convinced, play safe ,still write it down, and get the post it notes stuck to your brain the next time you are out for your fitness regime.


Personally I feel that ever since I started using
Einstein factor , my ability to correlate and draw connections has increased considerably. Like all things, it is slow, and takes time , because you are effectively building new neuron connections which do not exist yet, but once they do your ability to think, create and build increases three dimensionally.


Stay tuned for more creative food ! And listen to bozo’s , they are there for a reason, for they tell you, where should your creative energy go .


~

ek

If you meet a strong resistance ,you are trying to change something fundamental. Keep up the good work.

 


Earthen pot or the brass pot :Which one are you ?

Posted by: ekta1007 on: March 17, 2009

There is this story about the earthen pot and the brass pot, where the brass pot proposed to the earthen pot one day that they go out in the world together. Fragile that it was, the earthen pot was reluctant, claiming that he would be safe by the fire. But the brass pot convinced the earthen pot to come along.

But the earthen pot could not survive the companionship and cracked after the ten steps that they took together.

The fable ends there, but here it just begins.


Are you the earthen pot, what’s keeping you from plunging out in the world?

Are you just excusing yourself believing that you are fragile, and torn.


I was just reading Lance Armstrong’s Its not about the bike. My journey back to life” . In an instance, Lance asked his Mom if her job was going nowhere, and she could outdo it any day; why dint she just quit.

To which she said  …”Son, You never quit.”


Simple as it may sound, but this one liner was so power packed  that all through his battling with the testicular cancer, a career that had just begun and was on the verge of a complete loss, and his fight for life, Lance kept reinforcing this and determined not to loose to the death and the odds of his survival.

And he DID WIN !


The point?

Simple, if you are weak, go put fire, burn yourself in it and come out with an astonishing stamina, for you can never win any battle when you have already lost it in your mind.

The sculpture is already inside stone, go morph it !


 

~

ek

 

 If you want to build a ship, don’t herd people together to collect wood and don’t assign them tasks and work, but rather teach them to long for the endless immensity of the sea.

 


The Secret Part Two

Posted by: ekta1007 on: March 12, 2009

Yesterday I met a collegue in the elevator , and whilst both of us were rushing to catch the evening shuttle, he exclaimed ” I missed it , already !”

To which I quoted ” If you think you have, you have..”

For a moment he stared at me, for although we happen to sit on the same floor, I have hardly had any interaction with him.And he wasn’t expecting to be overheard as he made this “decalration to self”. To wind things up, I just closed it with ,”Have you read The Secret “, I will tell you about it tomorrow”


This morning I sighted him at the coffee corner.Excited that I was, I asked him, if he could catch the shuttle yesterday. He did !

So here’s all that I wanted to tell him and you ..

The Secret finishes with the Law of attraction and the power of the principle of reinforcement.i.e your thoughts become things, for everything happens to you twice ,once in your mind, and once when you Do it .


The book closes with the reinforcement of the belief that you get all that you truly DESIRE. So if you are not getting all that YOU want, give it a second thought, are you being skeptical that “will I get it?”, or do you simply BELIEVE. Believe that somehow everything will fall in place and you will be OK.


After I read the book, open as I am to trying out new things , I convinced myself to replace every negative and self-doubting thought by a positive affirmative thought , I will get it .


Because “Thoughts become Things ..”


To substantiate :

 

As you work out in the gym with the thoughts of a positive, toned , heathier you, you no longer bother about the muscles and ligaments that hurt ,for your mind has tutored your body, to be patient, and to persist, because YOU want to be fit, build your stamina. These muscles which used to cry out claiming you were rude, persist and support you. This is the power of mind. 


I belive why you get what you think, is because you make your mind stronger enough for this desire to turn true, and you subconsciously take actions to commensurate it. So take that firm belief,see yourself as holding that object that you desire,palce that you wanted to go to, or the education and information base you wanted to build and you will ACT. And more so, you will enjoy it, because it no longer looks ACTION to you, it looks something that enables you to reach there faster .


This morning I read Becky’s wonderful post on “Reinventing the self.. If you must make that one change today, work out on your thoughts, for they morph into reality .

And don’t wait for that pink slip to do what you have always wanted to, do it right way, if you should.


Like everything else, it is not easy, and you will run , want to wander, just put , and you will be fine eventually, ROME wasn’t built in a day .


To begin, create it in your mind, and STICK on !


Here is a related awesome post that you will LOVE : Running to finish..

 


~

ek


Ask, believe and you will receive..

 


That's me

My live Rantings @Twitter

  • RT @eleesha Enduring thanx,for dat which has passed.Appreciative thanx,fr dat which is present.Undiminished thanx fr dat which's yet to come 23 hours ago
  • Probably the 6th-7th time since I ever heard her- MUST see http://bit.ly/J3tGv - Elizabeth Gilbert on #Creativity . 1 day ago
  • He drew a circle that shut me out- Heretic , rebel, a thing to flout. But love and I had the wit to win: We drew a circle and took him In ! 1 day ago
  • Caught a girl playin Badminton with a racket that had no stem-This's life-doing wit wat you have-Accepting that life is beautiful in its own 2 days ago
  • Mathematician Steven Strogatz shows how flocks of creatures(like birds, fireflies) manage to synchronize &act as a unit http://bit.ly/hCYAW 3 days ago

Authors

Blog Stats

  • 1,365 hits

 

February 2010
M T W T F S S
« Jan    
1234567
891011121314
15161718192021
22232425262728

Top Clicks

  • None