Posted by: ekta1007 on: January 15, 2010
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
Posted by: ekta1007 on: January 13, 2010
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
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
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 am – René Descartes
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
Posted by: ekta1007 on: April 13, 2009
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.
Posted by: ekta1007 on: March 17, 2009
The fable ends there, but here it just begins.
And he DID WIN !
Posted by: ekta1007 on: March 12, 2009
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.