There is No Fate But What We Make: May 2006

Monday, May 29, 2006

Beautiful song

Ye Tera Ghar Ye Mera Ghar, Kisi Ko Dekhna Ho Gar
To Pehle Aake Maang Le Meri Nazar Teri Nazar
Ye Tera Ghar Ye Mera Ghar, Ye Ghar Bahut Haseen Hai
Ye Ghar Bahut Haseen Hai, Ye Ghar Bahut Haseen Hai

Na Baadlon Ke Chhaon Mein, Na Chandni Ke Gaaon Mein
Na Phool Jaise Raaste Bane Hain Iske Vaaste
Magar Ye Ghar Ajeeb Hai, Zameen Ke Kareeb Hai
Ye Eent-Pattharon Ka Ghar, Hamaari Hasraton Ka Ghar
Ye Tera Ghar...

Jo Chaandni Nahin To Kya, Ye Roshni Hai Pyaar Ki
Dilon Ke Phool Khil Gaye To Fikr Kya Bahaar Ki
Hamaare Ghar Na Aayegi Kabhi Khushi Udhaar Ki
Hamaari Raahaton Ka Ghar Hamaari Chaahaton Ka Ghar
Ye Tera Ghar...

Yahan Mahak Wafaaon Ki, Mohabbaton Ka Rang Hai
Ye Ghar Tumhara Khwaab Hai Ye Ghar Meri Umang Hai
Na Aarzoo Pe Qaid Hai, Na Hausle Pe Jung Hai
Hamaare Hauslon Ka Ghar Hamaari Himmaton Ka Ghar
Ye Tera Ghar...

Film: Saath Saath
Singers: Jagjit/Chitra Singh

Saturday, May 20, 2006

So right that it is wrong ?

Just about everyone says that when it comes to financial planning, our most important friends are:
(i) Diversification
(ii) RCA (Rupee Cost Averaging)
(iii) AAP (Asset Allocation Planning)
(iv) Saving on investment expenses & taxes

In this blog, I have recommended these myself. But sometimes, something can be so right that it is wrong!

Let me explain:
Going for higher education and acquiring skills are the right things to do. Most of us, who do it, make a reasonably good life. They give us the tools to make a good living. However, a Bill Gates or a Steve Jobs comes and makes billions with no college education...
And I think that this is fair - risks and rewards should be proportional.... We manage/minimize financial risks by doing RCA/AAP etc and we create so so wealth... someone else takes higher risk by going after a new idea and makes a lot more wealth.... this is how things should be.....
For most people, "so so wealth" is a pretty good thing and hence DCA/AAP etc are still valuable... but if everyone did these, humanity may miss out on some innovations. Humanity needs mavericks who will give higher education a miss… or who will refuse to diversify financial assets and put all eggs in a single basket (as Bill Gates did on Microsoft).

Makes me wonder… right and wrong can be so relative to the person!

Monday, May 15, 2006

Higher education success in India

Today i read some moronic comments about how IITs are better than top US schools because the acceptance rate at IIT is way lower than the top US schools.. and that Narayan Murthy's son treated Stanford/Cornell as safety schools... blah.. blah.. blah..

The best rebuttal of this is in Atanu Dey's blog... It is a Herculean task to get into a Mumbai local during commute hours, compared to that, using the Paris Metro is a piece of cake. Does that make the Mumbai local better than the Paris Metro ?

Congestion is not an indicator of quality.

The higher education in India will continue to suck and will lack innovation until:
1. Government gets out of it and allows free market forces to play. No subsidies, no control, no policy mandated affirmative action in higher educational institute.
2. Indians dump the culture of respecting teachers and respecting books. As long as the basic premise of our educational system is "teachers know it all" and "books are always right", there can be no innovation/creativity. Innovation needs an attitude of challenge/disrepect/disdain towards existing beliefs/order. Too much respect for teachers and books gets in the way of that.