Saturday 27 October 2018

Biggest Fear of Entrepreneur

The biggest fear of a entrepreneur when a venture does not take off was rightly stated by Subhadip Nandy in his interview "Option trading lessons from the man who sold his trading system to JPMorgan":

"
Circa April 2003, I was trading futures contract and made decent money. On April 10, 2003, Infosys announced a lower than expected guidance and its price fell from Rs 4,200 a share to Rs 3,060 a share in a day.

I knew that with this kind of selloff the Relative Strength Index (RSI) would be in the extremely oversold range. Now I had done these kinds of trades earlier where I went long on an oversold position and did well the next day. My line of thinking was that the company had only lowered its guidance but there is nothing wrong with this great company and the price would bounce back.

I went long four contracts by the close of the market at around Rs 3,060. Next morning as the market opened I was standing right behind the dealer eager to book my profit.

The first tick on the market was a rate of Rs 2,880. I did not freeze when I saw the price. I knew I was wrong in my analysis and asked the dealer to sell 8 contracts which would mean I would cover my 4 long contracts and would be short on four contracts.

The next quote on the screen was Rs 2,740 I moved my order to this level but did not get a fill. Next tick 2,600 and then 2,580 then 2,400 and 2,240 all without my order getting executed. At this point, I told my dealer to sell 8 contracts on the market rather than a price point which would ensure a fill.

I managed to book the loss on my long position of around Rs 3,060 at around 2,240 and go short at the same level.

Infosys closed the day at around Rs 2,880. I was a wreck. Not only did I blow my account but now I owed the broker Rs 50,000 and I did not have any source of earning to repay this money.

It was not the money that was playing on my mind, it was the burden of going back to my sales job pleading people to buy stuff and watch my boss throw tantrums. I was too used to the freedom I enjoyed over the last three years and dreaded the thought of losing it."

Friday 19 October 2018

Revisiting Sant Kabir

Two Sant Kabir poems which are soul stirring and deeply entrenched with messages to the lost soul.

Tu Ka Tu


Thara Rang Mahal Mein



Monday 15 October 2018

Necklace of Diamonds

An excellent article, "India’s Necklace of Diamonds – Garlanding China" , on efforts taken by Indian Government to create a necklace of diamonds so that it will appear as if India is Garlanding China

This article is worth reading and understanding how a country takes strategic initiative to safeguard itself.

The article is worth reading. Thanks to Akhilesh Mishra for recommending it.

The link is presented below:

https://www.thetruepicture.org/india-china-relations-india-china-military-india-attack-china/




Monday 1 October 2018

Aranya Johar - Poems

It is better to rely on the greats to understand the message Aranya Johar spreads through poems:

"Poetry can be dangerous, especially beautiful poetry, because it gives the illusion of having had the experience without actually going through it."
 ― Rumi

"Poetry is just the evidence of life. If your life is burning well, poetry is just the ash."
 ― Leonard Cohen

"If I feel physically as if the top of my head were taken off, I know that is poetry."
 ― Emily Dickinson

Please listen to below two poems by Aranya Johar and get immersed in it:

We the Goalkeepers (Bill and Melinda Gates foundation)


Aranya Johar is well known for her poem "A Brown Girls Guide To Gender"

References:

Hazari - Coincidence / Calculated move?

This is in reference to the brilliant article by Hemindra Hazari in https://thewire.in (which was covered in my post "RBI - is there conflict of interest?" dated 27th September 2018).

The article was titled "having-tackled-yes-bank-will-the-rbi-take-on-kotaks-defiance"

The article linked the concession provided to Kotak bank (Promoted by Mr. Uday Kotak) by Reserve Bank of India.

A stroke of genius Mr.Uday Kotak is recommended by Government of India to the board of IL&FS.

I think ( if am wrong excuse me) Government of India might have consulted with Reserve Bank of India prior to recommending Mr. Kotak to the board of IL&FS.

Can we call this a Coincidence or a Calculated move?

Reference:
https://www.livemint.com/Companies/CyjMeTHnMU4sln81WZ7AkI/Government-takes-control-of-ILFS-Uday-Kotak-to-be-on-board.html