"Vanity working on a weak
head, produces every sort of mischief."
—Jane Austen
(British, 1775-1817)
(British, 1775-1817)
Word for the day
Bromide (n)
A platitude or trite saying.
(Source: Dictionary.com)
Malice towards
none
All said and done - may I dare ask "Who is this Mr. Kulkarni and
what business does he have with Mr. Kasuri?"
Strategy update - II
The global financial crisis and consequent economic challenges
have provided India with a great opportunity to consolidate her position in the
global order - economic as well as geopolitical.
Factors like a 1.25bn strong mostly conservative society, young
demography, a strong leadership fully committed to democratic traditions, large
pool of English speaking workers, well developed market system, underdeveloped
economy with good appetite for investment - make India standout in a world
struggling with fast aging and highly indebted societies, torn with civic
unrest arising from massive unemployment and geopolitical strife.
It is really unfortunate that at this critical point in time when
the entire nation needs to come together and avail this opportunity, every one
appears to be quarreling not only with each other, but also with self believes.
·
PM Modi has to fight uncooperative opposition
and the opponents within broader Sangh Parivar. BJP as a party appears
struggling to accept India in the present shape and form. For many undoing the
1947 partition is on top of the agenda. Some of them would even like to go back
and undo the British and Moghul rules also.
·
Socialist movement that has been hostage to
feudal elements for past 25yrs and has degenerated badly, is melting under the
pressure of its own internal contradictions. Social justice to them is now
synonymous with the interest of their respective families.
·
The comatose communist movement is too desperate
to save its nest in the Lutyens' Delhi.
·
The Congress Party is crumbling under the blind
ambitions and incompetence of its first family. At top of their agenda is to
secure maximum media coverage so that they remain relevant till next election;
even if this media coverage comes at the expense of national interest.
·
The wise men (academics, writers,
intelligentsia, and artists, etc.) and media — who bear the responsibility to
lead the society on a righteous path by showing the light of knowledge are too
busy in trifling gimmickry and hence not helping the situation either.
Do not make a mistake - as an investor I am not worried about all
this mess. In my strategy I have factored all this commotion.
I am a firm believer in the grit, righteousness, perseverance, tolerance,
integrity, austerity, frugality and competence of my fellow countrymen. These
characteristics shall allow our economy to sustain and grow - may be not at a
rate in double digit as many would like, but at a pace good enough to sustain
the interest of investors and businessmen.
I do not usually entertain the thoughts of higher and faster
growth potential, radical economic or social reforms.
The earnings season has started on expected lines, with Infosys
reiterating what they said a month earlier and what HCL Tech echoed a couple of
weeks before. I am not worried about the market falling on poor earnings. In
fact I waiting for opportunities to invest at lower levels.
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