How to have a great day !!

Nassim Taleb’s contribution to the world of finance are two fascinating concepts — essays really — subsequently expanded into book length. The imagesfirst is Fooled By Randomness: The Hidden Role of Chance in Life and in the Markets, which describes the tendency of investors to find patterns where none exist, and to attribute to skill that which might be better credited to luck.

His second book is a corollary of sorts, almost the inverse to Fooled by Randomness: The Black Swan:

He’s vocal about his displeasure with most economists, academics and journalists. He’s usually wearing black. And he’s usually seen not smiling.

His latest status fascinated most of the people tricks to have a great day :

1) Smile at a stranger,  Continue reading “How to have a great day !!”

Decommodification : The trade-off between economic efficiency and alienation

This is the simplest I can read on this topic.images

Suppose you and I live in adjacent apartments. Now consider the following ways in which we might satisfy two of our needs: food and a clean habitat.

In scenario A, I cook my own meals and clean my own bathroom, and you do the same for yourself.

In scenario B, you pay me to cook your meals, and I pay you to clean my bathroom.

In scenario C, I pay you to cook for me and clean my bathroom, and you pay me to cook your meals and clean your bathroom… What might make each of these three scenarios desirable? Continue reading “Decommodification : The trade-off between economic efficiency and alienation”

How true are they :

Here are some collections from the professional world of financial markets that may or may not imply upon each one of us:

  • Associate to Analyst: “My Tuesday night is your Friday night.” ED to Associate: “My bar tab is your paycheck.”

It was cotton a month before now GOLD

Within a span of month’s time the Indian government has fallen in to its own rifts, After causing a spike in cotton prices following the imposition of an export ban where I did the story for Cotton & India . The whole process lasted about 72 hours from beginning to end. Days after, desperate to fund ongoing budget shortfalls, the government shifted its attention to price controls in a market it knew China would absolutely not mind to having the price kept artificially low – gold.

When an announcement made by the government to impose to levy an excise duty on unbranded jewelry. The response was swift – a countrywide strike among India’s jewellers who all went dark, crippling demand from one of the traditionally strongest gold markets in the world. Continue reading “It was cotton a month before now GOLD”