My imagination is a monastery and I am its monk.
—John Keats (English, 1795-1821)
Word
for the day
Logophobia (n)
An obsessive fear of words.
Malice
towards none
Has anybody learned anything
from the infamous Ishrat Jahan encounter episode?
First random thought this morning
Since 1947, our politicians have used (and sometimes created) the
tension at borders to invoke the feelings of nationalism and patriotism amongst
citizens. In past few years social media has more than adequately supplemented
the efforts of the politicians in igniting and fueling these feelings.
The point worth pondering is, why do we need war & death to
feel nationalist and patriot! Can't we be patriot in peace and prosperity?
Seeking divine guidance
I strongly believe that though
this epic has been told and re-told many times in various languages and from
various perspectives, yet it has been denied its rightful place in our
political, economic and social ethos.
In my view, Ramchritmanas penned
by saint poet Tulsidas is indubitably the best treatise on the harmony of life
- harmony of human being with nature and wildlife; harmony of human
relationships inter se; harmony of geo-political relationships; harmony
of thoughts; harmony of emotions; harmony amongst various organs & layers
of the society; harmony of the relationship between state and people, etc.
The epic defines the most
desirable governance structure, that is just & equitable. Moreover it
defines the ideal social structure based on mutual respect, trust in which
everyone (man, animal, forests, mountains, oceans, rivers) is assigned duties,
accountabilities and authorities as per their capabilities and qualifications.
The epic not only provides to
viable solutions to the most problems being faced today by our families,
society, and economy - be it environment, sustainability, pervasive distrust
& mistrust, degeneration of the value system, non-compliance, poor
governance, non-governance, business ethics, etc. It could also sufficiently
fill in the gaps in our educations system.
It's a pity that we have reduced
this great source of learnings and wisdom to mere rituals and gimmickry.
I would like to discuss in much
greater details the economic and investment aspects of Ramchritmanas at some
later point in time.
Coming back to markets, a number
of reputable money managers have expressed their confidence that India is an
oasis of comfort and security in an uncertain and volatile global economic
environment. TINA (there is no alternative) is the usual refrain.
Having heard, used and belied the
term during the last global financial crisis (GFC), I know that the assurances
of the celebrity fund managers would last only till their first sell order. So
I am not really impressed.
For the first time I patiently
heard the views of various market experts, decked up in best traditional
attires and exuding confidence in Indian economy and markets.
I was really impressed by couple
of them, but found most dishonest. It was conspicuous that they lack conviction
in their views and are sounding confident just to maintain the sanctity of the
occasion.
On my part, I am growing more confident
about the Indian economy from mid-term perspective (5-10years). But in near
term, I see the pain of reconstruction impacting investors....to continue
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