Matter is empty space, 99.99….followed by many many nines %, yet why things do not pass through each other, because of electrostatic field. You cannot really touch anything, only the electron shell cloud presents negative force field to the world, like charges repel, hence the worlds stays in suspension.
When we look at the stars at night, we are really seeing what the stars were a few hundred/thousand or more years back, not what they are now.
Deception is all abound, the only thing we are certain of really is that we exist.
Its an extremely fascinating matrix to be trapped in. A matrix that is touchy, smelly, feely, tasty, soundy and so on.
In this matrix of delusion, we are for the most part spending our time in one of the many specializations besides being entertained. In a larger sense were are inside a prison (9-5 work) inside a prison (trapped in a physical body) (didn’t mean to sound all that gloomy :)), but the hope for escape is only possible for those who feel they are in prison. One who feel at home in the penitentiary, obviously have no plan to break🙂
All simplistic measures of values can prove to be quite deceptive,
P/E ratio (earnings could be temporarily down, or a long runway ahead renders it relatively less meaningful)
P/B (Assets on book may have no real value, no assets on book may have a lot of value)
Dividend Yield (Company may be in a sunset industry)
Family vs Professional management
Developed vs Developing country (Many attractive companies in developed world, and overpriced in developing)
Market Cap / GDP (quite a bad barometer if less companies are listed in a country, or more activity is in unlisted space)
I have really not found any meaningful sense from the accounting snapshot / a frame in time.
Like a multi pronged attack on the Tuberculosis bacteria, if the confluence of three to four factors converges on a publicly listed stock, it generally translates to profit. I am also more increasingly convinced of the need for Process over Outcome model, since we humans cannot have great insights with our limited intelligence but if the process is strong, then outcomes will take care. Also, it means a portfolio approach.
Factors to look for:
- Earnings Upgrade
- Increase in Market share
- Competitors exiting (Gold loan)
- Near Monopoly or Monopoly (Stock Exchange, Linkedin, Job Websites in many countries, Ebay/Trademe etc)
- Small cap, less than 100 million $ MCAP
- Low institutional ownership
- Increasing earnings and dividends (interests alignment with minority)
- Reducing debt / No debt
- Hitting new 52 week / lifetime highs (Market / select investors may know something you do not)
- Closure of un-related / non-core / loss making business
- Management buying from open market
Stock Exchange is a fascinating business. Hope to write in future on it. Self-listed exchanges like NSE Kenya are available for 40 Million USD (50 million population). ASX Australia is available for 7,500 Million USD (23 million population). NZX New Zealand is available for 200 Million USD (4 million population).
All in all, a few correct decisions are required in a lifetime to make a LOT of money. Eg: Tata Group started 148 years back. That is actually a very long time for compounding to work its wonders. 1000 USD (65,000 INR at on 2016) compounds to 962 Billion USD at 15% CAGR over a 148 year period.
Current Market Cap of several 100 companies in Tata Group is approximately 150 Billion USD. Had Tatas not decided to enter ICT business and set up TCS, the Tata Group Market Cap from the rest of 100s of companies would have been half, ~80 Billion USD.
So, make right decisions and don’t hesitate to change your mind. Don’t have mental price targets, be open to re-evaluate current stock holdings quarterly and buy those that have a long runway. Very few toads turns to princes in the investing world, none so in the real world.
Creating Universes is a hobby of God. He is quite serious about this hobby. It is His novel, let him write it. Our job is to entertain and be entertained. The role played by us should not be taken too seriously as it is transient. It is not possible to get rid of “I am”, just the switch changes, from a being “I am an atom”, to bacteria, to insect, human, angel, demi-god / causal beings and so on.. until infinity. So, its important to be comfortable alone with yourself, because you are stuck with yourself forever.
Again, this world belongs to God, its his drama, we can certainly influence the story on the stage. Existence is Godding itself. He is as much in an atom as in demi-god. The play of light and shade is not possible without vibration/movement, else all will be white light. The cosmic life forces that create species of apes or humans are the forces that shape the destiny of planets and galaxies, will of the organisms and collective will of planets and inhabitants of galaxies influences such cosmic forces. Its like reflexive feedback loop between body/mind/spirit, healthy mind leads to healthy body and vice-versa.
The theory is barren does not slake the thirst except for the intellectually inclined and spiritually dry. Bliss is what you seek, and no greater bliss that transforming yourself from larva human to superhuman butterfly. Human is an interim species, evolution has no limits, why not among the first to break this evolutionary sound barrier. The person who says it cannot be done should not stop the one doing it. You must be hungry, thirsty and stop not till the goal is at hand.
If you would like to be informed, read news papers, if you want to know a little read books, if you want to know everything lose yourself in understanding and becoming a scripture. Lahiri Mahasaya said, “He alone is wise who devotes himself to realizing, not reading only”. Information, Knowledge and Wisdom can be stepping stones, but one could go straight to the point, i.e. Truth. After all, truth should be realizable by even an uneducated but sincere truth seeker. Knowledge generally confounds prime simplicity into motley mosaic of patterns. Truth seekers knew that truth cannot be patented, hence left the authorship of the Vedic texts without names of the human personalities out.
Ego is defined as soul perceiving itself to be an identified dot point. (Jiva for Physical Planets, Taijas for Astral Planes, Prajna for Causal realms). Bacteria to Humanoids are Jivas in the Physical Cosmos.
I have read a little from Hinduism, Christianity, Buddhism and only a miniscule from Islam, but do know that all paths are equally good. They are all based on the personal experience of what we have come to know as founders of the religion. Examples I quote have nothing to do with a strain of certain religion, when you go deep into becoming a Sufi or Jew, you get free, same happens to one who diligently follows any other branch of numerous world religions.
The science of God contact has been known to a narrow streak in the East and West. Yoga is mostly about exersize / fitness. Truth cannot be known by intellectual discrimination or mental effort, but can only be fused with, i.e. Yoga or Union.
Vedas are, so far the highest watermark of India’s civilization. Most people think of Vedas as something to be followed after retirement or after they have “made it”, whatever that means🙂
Most people are unlikely to understand the scientific basis of Christ’s first commandment either. But I’ll try to communicate in 21st century English, whatever I can of the unspeakable truth.
One of problems of blogging is that the ego understands a few concepts and wants to brag about it, and the role of teacher become the role of crammer who understands more concepts from books, more facts, more trivia to run on the treadmill of sermonizing. Giving your Ego a massage is exactly not the point.
There is an energy inside human being that can be awakened to become a Superman on the evolutionary ladder, that is what Jesus the Christ, Mohammad, Krishna became with their own effort and struggle. Before this energy is activated, it does the involuntary work of growth.
You can google for more details on “Ojas” and transmutation of sexual energy. The same romantic madness that drives a person meet his beloved, is the same biological basis, that is also transmuted by the spiritual aspirant into radiation in the cerebro spinal axis to transforms the nervous system. Simple things like listening to music, thinking about a saint can also transmute this fuild and can provide a fuel to the brain.
Most religions emphasized celibacy in thought, word and deed for the same reason. That said, most Rishis with highest accomplishments were married men with offsprings.
When Prana evolves a life form, the next rung is exponential not incremental. Human being is at the cusp of exponential breakthrough. Some men who have made the breakthrough have been labelled as prophets.
Not a binary state
Finding truth or super consciousness is not a binary state, the incremental improvements are tangible experienced, just as a kid learns to crawl, stand, walk and run.
Not an ultimate state
The Cosmic Director has created an enchanting and mesmerizing play, one cannot pierce the veil at one go, there are numerous attractions and desires that keep the soul tied to a scenery. Man can only step up one level higher to super consciousness, the rest of the work starts later. But we as kindergarten kids need not worry about writing a PhD thesis, let us try to make words from the alphabet soup.
Let’s come back to the heading of this blog post i.e. Truth from Vedas. The first Shloka of Ishavasya Upanishad:
ishavasyam idam sarvam yat kincha jagatyaam jagat tena tyaktena bhunjitha ma gridhah kasya svid dhanam.
Isha – ‘that Supreme Lord – that Supreme Being,’ Ishwara; vasyam – ‘pervades’; idam – ‘here’; sarvam-’ everything.’
The Upanishad does not say, Ishavasyam sarvam – it adds a word idam – Ishavasyam idam sarvam – which means, ‘It pervades everything, here and now.’
There is the usual blame laid at the door of Upanishadic teaching, that it is an ‘other worldly teaching,’ something to take up after one becomes old, or may be in the next birth. This is not true. Ishavasyam idam sarvam- ‘that Supreme Being pervades everything’ – here and now!
Yat kincha jagatyam jagat – ‘It pervades all that moves, and also all that does not move,’ which means, not only living beings, but also non-living things.
The famous sage Ramana Maharshi of Tiruvannamalai defined the whole of Vedanta in a nut-shell, in one sentence which he used to oft repeat – deham naham koham soham. This is the essence of Vedanta.
So, deham naham – if ‘I am not the body,’ koham? – then, ‘who am I?’ If somebody says, ‘I am just a bundle of flesh and bones,’ it is fine. Let them be content with this feeling. But if somebody says, ‘Let me go deeper into this matter; I may not be just a bundle of flesh and bones, I may be something different. But who am I?’ Ramana Maharshi said that when one is asked this question, koham! ‘Who am I?’ koham? Soham is the answer – ‘I am not different from That Supreme Being.’ ‘That Supreme Self is not different from that Supreme Being’. ‘That Supreme Self am I’ is similar to the Upanishadic statement ‘tat twam asi’ – ‘You are That!’
Not for the weak
The study of the Upanishads is not for ‘weak minds’ because one has to take a totally different view of the world.
The Upanishad itself declares, Nayam atma balaheenay na labhya – ‘This atman cannot be reached by the weak.’ We are not talking about physical weakness but mental weakness. It requires a great deal of mental strength to understand the Upanishad theoretically, and more than that to begin to live and understand it. So a great deal of strength is required and therefore it is a strength-giving message. To repeat, it is not a philosophy of running away from anything, or worldly work and duties, but living where you are and understanding the permanence of the Inner Reality.
Mind cannot reach it
Shloka 4 of Ishavasya Upanishad says:
anejad ekam manaso javiyo nainad deva apnuvan purvam arshat tad dhavato nyan atyeti tishthat tasminn apo matarishva dadhati
Anejad means, ‘that which does not move.’ In other words, ‘that Supreme
Self does not move’. It is that which is unmoving. Ekam – ‘One’ Manaso javiyo – ‘Even faster and swifter than the mind.’ If that ‘One’ is faster and swifter than the mind, there is no way that the mind can find It. Nainad deva apnuvan purvam arshat – ‘There is no way that the senses can ever reach It.’ Tad dhavato nyan atyeti tishthat tasminn apo matarishva dadhati ‘By itself It stands still. It out-strips those who run to reach for It. In It, the all-pervading air or energy – prana, supports the activities of all beings.’ Now, this again seems to be one of the Upanishadic contradictions, because in the beginning it describes the Supreme Self, anejad – ‘It does not move’ and later, it says, ‘It out-runs.’
What a contradiction for the mind
If we go into one definition, we would have explained the others. The first one is anejad – ‘unmoving’ and the second, manaso javiyo nainad – ‘swifter than the mind, and the senses too do not reach it, because it is ever ahead of the senses.’ This is a typical attempt at describing the indescribable, which is what the Upanishads are all about.
In the beginning of this Upanishad, it is said ‘Ishavasyam idam sarvam’ – ‘That which is everywhere, at all times.’ ‘That Supreme Being,’ the rishis declare, ‘is your Essential Self.’ It is not a material thing that you can describe. So, the formless, the ‘attributeless,’ if It can be defined at all, has to have certain ‘attributes,’ theoretically speaking, to help us understand. One is that ‘it does not move.’ This is with reference to the fact that the mind is always in movement. It is never still. It is here now, and elsewhere the next minute!
This unending movement is the quality of the mind-stuff, but the Supreme Reality, according to the Upanishads, is unmoving. Even the search for something is a movement. When one is trying to achieve something, there is the movement of trying. When the mind does not have something, it begins to look for it – so there is a movement, not in time, but in thought.
Now, the Supreme Reality which is called in the Upanishads as atman, or referred to in this Upanishad as Isha, pervades everything. Therefore, there is no question of moving from one spot to another. Movement takes place from ‘here’ to ‘there,’ but if something is everywhere, then there is no question of moving from ‘here’ to ‘there.’ It ‘is.’
As the Upanishads themselves have declared, Nayam atma balaheenay na labhya – ‘This atman cannot be attained by the weak.’ Strength is required. Manaso javiyo – ‘It is swifter than the mind,’ which means the mind is not swift enough to reach It. Now, the mind is very swift – in a second, from ‘here’ it moves ‘there.’ But what we are talking of is always ‘here,’ ‘there,’ ‘everywhere,’ at the same time. Therefore the mind cannot move to It fast enough because it is there already!
Next shloka says:
tad ejati tan naijati tad dure tad vadantike tad antarasya sarvasya tad u sarvasyasya baahyatah. Tad ejati tan naijati tad dure tad vadantike –
‘It moves, yet it moves not. It is far and yet it is near.’
Tad antarasya sarvasya – ‘It is within all this.’ Tad u sarvasyasya baahyatah – ‘It is outside all this.’ Now, on the one hand, it is a confirmation of the first shloka – Ishavasyam idam sarvam – ‘That Supreme Being pervades everything here.’ If it pervades everything here and if it is your essential Self, then you will understand what is meant by – ‘It moves and it moves not.’ It moves when we think that we are separate from it – then we move towards it. But when we understand that we are not separate from that Supreme Being, then there is no movement. Therefore, ‘It moves and it moves not.’
A word of caution from the Upanishads for Knowledge Seekers
I’ll jump a few Sholkas and come to the 9th Shloka. There are certain people in the world who think accumulating as much knowledge as possible like squirrel accumulates nuts is the aim of life. Beware of the grave danger of this approach of learning and “knowledge”.
andham tamaha pravishanti ya avidyam upasate tato bhuya iva te tamo ya u vidyayam ratah
The first part is, andham tamaha pravishanti ya avidyam upasate – ‘Into great darkness, blinding darkness, enter those who follow ignorance or worship ignorance.’ Now this is clear. We all agree that those who worship ignorance or those who follow ignorance will enter into darkness. This is understandable.
The second part seems to be a contradiction. ‘Tato bhuya iva te tamo ya u vidyayam ratah’ – but those who delight in knowledge enter into greater darkness. Now, this is a very big contradiction! Should we not learn? Does knowledge cause us to enter into greater darkness?
It is understandable that when we follow ignorance we enter into darkness. But, ‘those who worship knowledge or delight in knowledge enter into greater darkness’ – this is something one has to examine very carefully.
The usual interpretation to this statement is that, by ‘ignorance’ is meant all the worldly knowledge which we have. Since it is not the knowledge of the Spirit, it is considered to be ‘ignorance.’ Only the understanding of Spirit is true ‘knowledge.’ Any knowledge which does not contribute to the understanding of the inner Self is still ignorance and therefore darkness – that is one theory.
What is Knowledge?
One has to look a little more closely at the word ‘knowledge.’ Especially because the same Upanishad says, ‘That Supreme Self cannot be reached by the mind or the senses.’ When one says ‘intelligence,’ ‘knowledge’ and so on, it is still within the field of the mind. So one of the interpretations that can be made is this: if somebody, after studying a lot about the Supreme Being, feels he has understood the Supreme Being and is therefore rejoicing, ‘he is entering into greater darkness,’ because he has not understood it. He understands it only when the mind has become absolutely still and that is not the function of knowledge. The function of knowledge, the function of the intellect, the Upanishads say, is to lead one to understand its limitations in the field of the Spirit.
The Upanishads go further: ‘Nothing that you worship here is the Supreme Being’! This is what the Kena Upanishad says:
Yan manasa na manute yenahur mano matam tadeva Brahma tvam viddhi nedam yad idam upasate – ‘
that which the mind cannot reach, but which is the basis of the mind, know That alone is Truth, nothing that you worship here.’ When he says, ‘nothing that you worship,’ it does not mean that you are not supposed to do any worship. It means no activity, pravritti, on your part can bring about the realization of the Supreme. In fact, no pravritti can bring it about. It is the nivritti marga. Therefore, when the mind becomes quiet and when quietness enters, then ‘That’ is revealed.
The other point is that if one examines the actual character of what we call ‘knowledge,’ we come upon something very interesting. Let us say we don’t have knowledge of a particular subject, and we set about trying to understand it. After some time of study, we understand it. That understanding is important. But after the understanding, what happens? When I say, ‘I have knowledge of the subject’ it means I have stored the understanding in my brain in the form of a memory. All knowledge is memory that has been stored, ready for retrieval. And when one says, ‘I have a good memory’, it means one has the capacity to retrieve correctly what has been stored at any time in the past. This is what is meant by ‘having a good memory’ or, in other words, ‘knowledge of the subject.’ Memory cannot be a thing of the present, it can only be of the past. We would not have to recall it if it is not a thing of the past. Therefore, any knowledge, including theoretical knowledge of the scriptures, lies in the past.
Is Knowledge the Aim of Life ?
And what does the Upanishad say? Ishavasyam idam sarvam – ‘That Supreme Being pervades everything, here and now!’ So, the knowledge of the Supreme Being, is not something that can be understood, stored and kept for reference! When it is understood, it is always understood, it is always present. It is not something that can be recalled. It is not something that can be recorded and retrieved. Once there, it is always there! If it goes, then it is not the knowledge of the Supreme; because it is a memory, it has vanished. So, ‘Into blinding darkness enter those who worship ignorance; into greater darkness enter those who delight in knowledge!’
Now, there is another psychological explanation to this, which is, when the mind becomes filled with the pride of having acquired knowledge and thinks that it will now see the Supreme Being, then it is very far away from understanding the Supreme, because now the ego has come in. Here, our effort should be to reverse the process and break down the barrier of ego.
Truth is not Scholastic or Intellectual
Sometimes, knowledge also becomes an obstacle to the understanding of the Truth, because Truth should be absolutely clear and simple. It need not be scholastic; it need not be intellectual. And, filled with this knowledge, sometimes one does not have space in the mind to receive a glimpse of the Supreme Being, even if it comes.
There is a story about a professor who went to a great yogi and asked, ‘When will I attain Self-realization?’ And the yogi told him, ‘Sir, you will take at least six to seven years.’ Then the postman, who had come there to deliver letters to the yogi said, ‘Sir, I think I must stop all this work now and keep quiet. I have this feeling of wonderful stillness coming in my heart when I come near you. I don’t know what it is. Whenever I come, I listen when you talk to others – though I have not read any books…. When will I attain that absolute stillness which you talk about?’ The yogi said, ‘Soon, very soon; may be in a few days!’ The professor got very upset. ‘What is this yogi saying? Here I am who has studied everything, and this postman knows nothing. Then how can he attain self– realization in a few days while I need six years!’ When he had cooled down, the yogi said, ‘Sir, it will take me six years to clear the rubbish which you have collected in your memory! When it is gone, the rest is easy!’
Then there is this famous story about the learned professor who went to the Zen master and said, ‘I have come to understand Zen. Please give me Satori – Zen!’ (The great experience of Zen is Sa-tori). The master said, ‘Sir, first let’s have some tea.’ So he made tea and then poured the tea into a cup. As he poured, the cup became full and started to overflow. The professor exclaimed, ‘The cup is over-flowing!’ The master turned to him and said, ‘So also is your cup Sir. It is overflowing! How can I give you Zen? It is already full, so it is unable to receive anything. First, it has to become empty!’
Next Shloka on Knowledge and Ignorance
The tenth shloka supports what has already been expressed.
anyad evahur vidyaya anyad ahur avidyaya iti shushruma dhiranam ye nas tad vichachakshire.
‘They say that the result of knowledge is different from the result of ignorance. This, we have heard from the wise, who have explained it to us.’ Now, the rishi is talking in humble terms. He does not say, ‘I am saying this.’ He says, ‘This has been explained to me by the wise, from whom we have heard that there are two results – from knowledge comes one result and from ignorance comes another.’
More confounding, the Eleventh Shloka
vidyaam chaavidyaam cha yas tad vedobhayam saha avidyaya mrityum tirtva vidyayaamritam ashnute.
This means, ‘But one who knows these two together, knowledge and ignorance, crosses death through ignorance and attains life eternal through knowledge.’
Now, how can one cross death through ignorance and attain life eternal? ‘Life eternal through knowledge,’ we can understand; but how does one ‘cross death through ignorance?’ This is another of those difficult parts of the Upanishad. If we have followed what has been discussed till now, a slight glimmer of light will appear.
The shloka before this said that the results of knowledge and ignorance are distinct and different. This shloka says, ‘But if you understand both, knowledge and ignorance together, then you cross death through ignorance, and life eternal through knowledge.’ Now, actually, both are the same. ‘Life eternal’ is the same as ‘crossing death.’ There is no difference!
In the vedic prayer, mrityor ma amritam gamaya – ‘lead me from mrityu to amrityu,’ – it is the same thing. Amrityu means amrita – ‘immortality.’
That means, when one understands this concept of knowledge and ignorance which is, ‘the one who worships ignorance enters into darkness and the one who worships knowledge enters into greater darkness,’ then one has understood knowledge and ignorance together for what they really stand. If you have understood that, then you have ‘crossed death and attained life eternal.’ ‘Crossed death through ignorance’ – there must be some reason why they have used ‘ignorance’ with ‘death’ and put them together. ‘Understanding ignorance’ means ‘to be free of that ignorance.’ You cannot be free of something until you have understood it. If you want to be free of violence, you have to first understand what violence is, in all its intricate patterns, and this cannot be done by sitting for years in a cave. It has to be done only in society.
There is nobody to be violent with in the cave. Only when you come out of the cave, interact with others and get hurt in the process, will you really know whether or not you are really free of anger and violence. So, to understand ignorance means to understand the implications of the meaning of ignorance. And when you have understood that, you are free of death. When you have understood that the Supreme Being which pervades everything, which pervades the entire universe, is no different from your Self, then there is no death for you.
Seemingly Contradictory 12th Shloka yet again
andham tamah pravishanti ye asambhutim upasate
tato bhuya iva te tamo ya u sambhutyam rataah.
‘Into blinding darkness enter those who worship the unmanifest and into still greater darkness, as it were, enter those who delight in the manifest!’ The same style of teaching occurs again and again in the Upanishad.
Now, the ‘manifest’ means ‘the world’ that is ‘manifested’ – the world that we see in everyday life. Let us start from the last part of this shloka – ‘they enter greater darkness who delight in the manifest.’ That means, those who delight only in the physical world and whose relationship with the world is only physical, going nothing beyond food, drink, sleep and sex – ‘they enter into greater darkness’. This is very simple. Unless we have chosen not to look, we see the darkness. That means, at every step there is a problem and at every step there is the spectre of sorrow and death haunting us.
There are those who worship the unmanifest. They also enter into darkness, but not as great a darkness as those who worship only the manifest. ‘Worshipping the unmanifest’ means worshipping that which is the cause of the manifest world. The Upanishadic teaching is that one has to transcend both, the manifest and the unmanifest. When they speak of the unmanifest they are speaking about the Supreme Reality as a creator, destroyer and so on. It is unmanifest because it is behind the manifestations that we see before us. It is the operator of all that operates. The Upanishad says that you can remain at that level, but the Truth, which is Light, is beyond both, the manifest as well as the unmanifest. That means we have to transcend even the very differentiation between the individual self and the Supreme Being. The manifest is the individual and the unmanifest is the Supreme. One has to understand that the individual self and the Supreme Being are one and the same. Otherwise, according to the Upanishad, we are still operating, comparatively, from a level of darkness.
Swami Vivekananda once summed up the essence of the whole of the Hindu religion and culture by saying, ‘Man is essentially divine. To manifest this divinity through work, worship, meditation or knowledge is the sum and substance of the Hindu religion, the Hindu teaching.’ All other things are just incidental.
So, the style of Vedas has been so written to try to point to un-pointable, to insinuate and hint towards the mystery which can only be experienced but not intellectualized or understood by mind.
In an another scripture I now forget the reference to, Vedas say, “You cannot know the supreme through mind or intellect”, yet the Shloka adds later “This Supreme reality you must know”.
Conclusion is simple, ignorance of law is no excuse, whether you are a baby about to touch hot stove or a spiritual infant uninformed of the truth. Laws are immutable and the wise shall be well aware of their existence lest they be trampled. Your suffering could be huge due to ignorance of spiritual laws.
Reference: Wisdom of the Rishis by Sri Mumtaz Ali Khan
DSE Tanzania IPO
A very attractive IPO was listed in Tanzania, a monopoly. It doubled on the listing day, i.e. yesterday.
Worth keeping an eye on it.
Disclosure: I and my associates may have vested interest.
India has been all about imitating the West in the recent three hundred years from Music to Science. One of my experiences, now that I think of it, find it quite strange is that the school that I studied in DPS, Mathura Road used to give out Scholar Badge, which one could stitch on the blazer, thus distinguishing one from have nots. Students over 80% marks were eligible for this badge. Such students were eligible for a blue tie after three consecutive years, and a blue blazer after six years.
One could see by high school who have been academic wizards and academic losers (Blue Blazer vs Green Blazer). This system came from western society and schools.
Thank you DPS for adding to the suicide rate in an already degree and academic qualifications obsessed country.
One wonders the intellectual and emotional quotient of the society that doles out these scholar badges in schools, when the nature itself does not put a visible halo or physical distinctive sign, so others do not feel inferior. There are no physically visible signs to the naked eye for superior personality and achievement of a self realized saint or highly intellectual being of the human race.
I am glad that my son will have no such inane benchmarks to follow, hope you don’t force your kids into this foolishness.
Disclosure: Views are personal notions and do not represent any organisation or company. I am not an investment adviser. Investment in stock market can (and many a times do) result in loss of principal capital.
Experienced investors are well aware the risk is not a lever that should be increased to improve upon the returns, but, that risk should be minimized at all levels, individual investment, portfolio and the country level.
As I have been investing in the international markets for the past four years, there is another RISC™, an acronym I came up with, that investors need to be aware of. Sometime back a term I made up was SWeT Effect™ here.
To explain what it means, the Inverse Square law states that a specified physical quantity or intensity is inversely proportional to the square of the distance from the source of that physical quantity.
For us as investors, I meant to imply that the probability of finding and consequently the returns from small / micro caps are inversely proportional to the eye-balls watching a particular market. i.e. Returns are likely to be greater in the market with less eyeballs and intelligence chasing the small caps. Since this is not a law but more of a guideline / code. Hence the acronym R-I-S-C. In micro caps, the returns will be inverse to the square of eyeballs / intelligence.
To provide with an example, there are ~4000 companies listed in Canada (population 35 million) whereas ~10,000 companies in the US (population 320 million), there are significantly more opportunities in the small cap space in Canada than in the US market. Vicinity to the US also makes Canada fairly priced. The US market is of interest to investors in the other parts of the world, hence further dearth of micro / small cap opportunities in the US.
So, a micro cap investor must avoid RISC™ as well as conventional risk.
It is true that there is plenty of money to be made in a Walmart after it has been well discovered after ten years or even now in an HDFC Bank which has already been a 100+ bagger to compound decently. This RISC is more about finding micro caps.
I personally find it easier to find micro cap opportunities in the markets with a few thousand equities listed rather than 50-100 as is the case with most African markets.
Value Investing Message is Well Heard
Contrary to what WB may have said in the past, the value investing message is now well communicated and advertised.
Just an example, a 300 Million AUD company has bought a Value Investing Coaching company in Singapore http://www.asx.com.au/asxpdf/20160125/pdf/434kcf2hr6jhhb.pdf that educates people and writes Moat Report etc. so there will be less money to be made in the Moat Stocks in my opinion going forward.
Super normal returns, in my opinion, will be made in cyclical stocks, sector turnarounds, leveraged trades, and finally the overlooked segment i.e. micro / small cap. From a 2-3 year perspective, it will be very hard to find good companies that can outperform. In India, even in the micro and small cap space, despite only 2.5% of the Indian population investing in the equity markets directly, there aren’t any micro caps opportunities worth investing. By worth investing the definition is a debt-free company growing over 20%, leader in its niche and a single digit PE.
A third, fourth rung housing finance company with poor processes selling at 35 PE multiple eg: SRG Housing Ltd. in India in a sector where small size has no advantage or large size has no disadvantage does not count (Not invested in SRG Housing). I also find people investing in India to be fairly intelligent, hence the lack of opportunities in the small cap space.
As per this analogy the most likely market is the one which has the least eyeballs and the most listings per population. This year I found Australia to be one such market.
Recall that its still very hard to spot good companies, of the 60,000 companies listed on the planet, less than 100 experienced 22% revenue growth, net profit growth and ROE above 22% for the recent five year period. I guess we need to keep that in mind at the same time, while being impressed with books from Thomas Phelps and the like.
Emerging Countries to Score Economically
California’s GDP is 2.4 Trillion (population 40 million), it does not take a genius to guess that India will surpass it soon with a mere GDP of 2 Trillion (population 1300 million). The GDP and returns in the equity market do not have a very good correlation. Interest rates have a better correlation.
EU GDP PPP was 12 times China’s GDP in 1980. Today China’s GDP is larger in PPP terms than EU GDP.
I cannot talk about the quality of life improvement, but most of the global economic growth will come from Asia over this decade. 94% of ship building industry is based in China, Japan and Korea. 4.5 out of 6.5 billion people live in Asia, so it follows naturally.
In the graphic below, the area in the red (Bangladesh, West Bengal and Bihar) represents 5% of the global population and the rest of the blue area also the other 5% of the global population. That is a strong case for investment in the emerging and underdeveloped countries.
Despite the attractiveness of international investing where the
puck eyeballs have not been, the exchange rate / currency risk is very real. Nigeria has seen the currency fall from 150 Nigerian Naira in 2014 to now 300+ against the USD. I lost few percentage points here. Syria currency was 48 to a USD in 2011, to now 625 against the USD.
I guess there isn’t much to wail if you earn 15% in real terms while the Swiss, Danish, Swedes and Japanese earn negative returns on their bank deposits.
Man = Monkey plus a little something
While I wax eloquent on the RISK and its cousin RISC, there are other problems in the world which warrant more concern.
I was astounded to read about 22 plus suicides a day by the US Military Veterans (which according to research could be understating actual numbers). https://en.wikipedia.org/wiki/United_States_military_veteran_suicide
Also, pretty disappointed with the leadership of this monkey called Homo Sapiens (an acronym of convenience, cleverly selected as Sapiens meaning wise [to massage one’s own ego]) in spending 3.4 Billion USD on a single plane like B2 Spirit. Surely, there are better projects one can conceive of that get us ahead.
Disclosure: Views are personal notions and do not represent any organisation or company. I am not an investment adviser. Investment in stock market can (and many a times do) result in loss of principal capital.
If you have understood it correctly, your business is not being a bank teller, or software developer, but its to be employable, marketable, and on the lookout for job, consulting or business and whatever works to get you bread and butter, and then some.
A garment makes tells you ‘you are what you wear’, smoothie maker confuses you, ‘you are what you eat’, a magazine publisher addles you further, ‘you are what you read’, clubs are not far behind in telling you, ‘you are as good as the company you keep’.
My goal is to communicate that ‘you are a soul’. As a recluse, intelligent, solitary, multi disciplinary investor, that makes his own decisions after weighing the probabilities, your chances of knowing and experiencing that you are a soul are over 10-20X greater than the priests or pastors of a Hindu/Christian etc. denomination. Stupid people will never find God, there is some hope for intelligent people though. Intelligence is not the only way, work, devotion, sincerity through earnest effort also result in the likewise.
Once you are convinced and experienced that you are indeed a soul, your outlook will change. Wouldn’t a person with 10 year horizon think differently to a person with 10 trillion year horizon?
Universe is working on strict laws, and nothing less or more. But talk about meaning of life, and you see rational people talk fuzzy. There can only be one truth and law of life and life after life, not one dependent on beliefs but on facts.
Its true that man has evolved from a protoplasm, but I have not read a single book written in the past 300 years by a formal university talk about evolution of human brain and what the next rung in the ladder is? That is because the law of life is excluded from the holistic study. Human, pretty much like any other species, is just an intermediate step on the spiral staircase of expanded consciousness.
Wild goose chase?
If you have read the book from any athiest that trying to find your higher Self is a wild goose chase, you can trust me that those people have not even tried sincerely for even 1 hour per day for 6 months.
Okay, soul exists but why should I care
Its right that you need to find your own calling. If your drive is to be a leading authority on any discipline and otherwise productive activities, you must follow your heart. My maternal grandfather is 91 and he does not care two hoots about life after death. Others are a bit more receptive to the idea of soul and say, “If there is life after human death, then great its a bonus for me, however I have no interest in finding out more as yet”.
As far as I am concerned, I care about the truth and experience rather than theory or belief. So, the truth is that man is encased in layers of bodies subtler than physical bodies, and mostly when a normal person physically dies, he goes into a sleep like coma not realizing the difference between short daily sleep or longer rest post bodily death sleep. Some stay confused. Depending upon the sum total and potential energy of previous desires and whatever is best available the next round of projection into the subsequent body begins. If that is a perfectly acceptable outcome, then you should stay put and channel energies in whatever business you are in. I find it distasteful to be re-born even once more. The cyclic round carries on for trillion times until the dreamer wants to wake up with intelligent self effort while alive.
Its not the goal thing alone, the whole journey is supposed to be fun. People are willing to pay the top dollar for narcotics, there is more kick in the bliss one can feel through sincere practice than through narcotics, so that is also a freebie thrown in by the nature to follow the Path.
So, mind your business, you are an eternal soul, do not let anyone talk you out of it, and importantly experience it. I was told by the wise that if you are not feeling the bliss, perhaps you are not thinking for others.
We are in the ascending Bronze Age (aka Dwapara Yuga in the Vedas) since the year 1700 AD, the Greeks ages correspond with the Indian Yugas. The Kali yuga (Iron Age), Dwapara yuga (Bronze Age), Treta yuga (Silver Age) and Satya yuga (Golden Age) correspond to the four Greek ages. So this is an age of energy and atom. Subsequent ages correspond to time and space annihilation, and complete penetration into the veil of illusion.
My hero is Sri Yukteswar, who, through his books who through his living work, allowed me to understand the complete history of mankind, of which Darwin’s theory is but a fractional part integrated into the system, advanced civilizations of the past, the dark ages and diminished intellectual comprehension in men, madness of wars, and finally re-coming of scientific age after the 1700s and spate of discoveries since then. It is the intellect of the man that ascends and descends in these ages, and consequently external achievements in the realm of nature.
As per the mathematical computations and evidence thus far that corroborates with the facts and thory, we are in for a period of accelerated change until the year 12,500 AD in the solar system due to the elleptical orbit of sun around the star system that has hitherto been undiscovered by mainstream science. Farthest point in the Ellipse being the point of nadir for intellectual comprehension aka Iron Age, and closest point providing organisms with increased magnetism of intelligence and understanding, thus Golden Age. The years between 1700-1900 was transition between Iron and the Bronze Age, meaning the proper Bronze age started in just the year 1900. When this was proposed by Sri Yukteswar, it was considered a heresy and he was bestowed with rotten tomatoes. Great people are ahead of their time, sometimes aeons ahead.
The superficial disruption that we have seen in the recent 200 years on the surface of all industries, trading systems (Uber, E-commerce, Self driven vehicles), and companies is just the tip of an iceberg. There is a limit beyond which the human mind cannot compute, and therefore unable to forecast the probabilities either. But suffice it to say that the world would change more in the next 100 years than it has changed in the previous 1000 years.
The existing universe is already fully functional and does not require human support or help, the potential to evolve and increased intelligence pre-exists. Future scientists can do not more than investigate and play with one or more infinite aspects of the nature.
Everything is finite including human species. Prana likes to create new lifeforms all the time, to avoid the sordid boredom of nature over the span of eternity.
What follows thus, is, if the species is changing, albiet so slowly as to be almost un-observable in a limited lifespan of 29,000 days for a lucky human being, the external structures (institutions, governments etc.) that support current understanding and fulfill current needs would also change.
Shape of Future over the next few centuries
There are many alternate paths but one could argue that it is not worthwhile conjecturing them because one would not be in this body while the far future state eventuates.
I believe that following will come about over the next few 100s of years from an external perspective:
- Handful of companies will control the world, which would be inevitably taken over by the Government. Most likely in AI, Space Exploration, Gravity based propulsion and Robotics.
- Era of Plenty (No deprivation of humans for food, clothing or shelter). Energy can be immediately converted to Food, Clothing or Residence.
- One World (No country specific boundary or passports).
- No stock exchange (There may be other platforms to be a capitalist, but most of the world would appear to have socialist overtones and there would be no listed companies).
- No banks (Makes no sense to buy with money or have banks since all houses, food, clothing will be provided by the Government to majority of humans, IOUs will be in different shape and form)
- AI will be the Government, including Judges, machines will be better at most of the decision making.
It may sound bad but may not be so. So, go and have fun with the small and mid caps while the equity markets last. May be some other time on the internal perspective.