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Archive for February, 2011

Defining Power

This is one term which has been the most sought after thing in this world from time immemorial to the present times. This is said to be the most addictive drug for those who have tasted it can never dream of losing it. Power, the meaning and scope of  it invariably changes with time and geography. If Hitler was termed was termed powerful in 1930s that was because the world was terrified of him. Gandhiji and Stalin were considered powerful almost during the same era. Probably Gandhiji added a new definition to the then existing formula for power, bringing in a new dimension and outlook.

But if you look back at history Power always came with a ruler or someone who could get the masses in accord to his fantasies like Mr. Lenin or Karl Marx. But again the latter never survived at the hands of  the former. But times have definitely changed today and in the process the meaning of power too has altered. Now if you at contemporary rulers who can be termed as powerful ?? Mr. Obama ?? Mr. Gordon Brown?? Or the recently ousted Hosni Mubarak of Egypt or President Zine El Abidine Ben Ali of Tunisia ?? All these people would have been the most powerful as the head of their states probably a few decades back. But see as said earlier the times have changed. Today they all seem more like whips than the rider himself!  If money, luxuries, power, women, and all used to be freebies for them today it doesn’t come in such a combo definitely not the power part.

Money is everywhere today. So luxuries, women, hi-fi life, media coverage and all are not just for the filmstars today it comes with money. Anyone who has had overnight fortunes can have this package. But again power evades them too.

The PM who rules the country of 1.2 billion people is sceptic of making statements but someone like the President of the youth division of the ruling party can come out with bold statements.  The media persons who got entangled in a leaked tape case which revealed their being conducive to lobbying for the post of  cabinet ministers in a democracy like ours are out in the open conducting more debates. Someone like a Chief Justice of India who could just nurture and develop a real estate mafia in his home and make millions in a matter of 3 years deserve the title as the most powerful.

A rapist can become a legislator tomorrow, forget about him being prosecuted and convicted, if he too can provide the right quantity of the combo to the concerned lot. . . A hotel owner can get away with all the water for a neighbourhood with the accomplice of the authorities if he too decides to be “powerful” and can dump the wastes to the same neighbourhood. What a system is being conceived by the legislators of today!

Power today is the ability to get the doors, which confront you, disappear. In that sense if you start analyzing the events around you it does drive some sense. By hook or crook is the conduct in which one can vanish the doors. So if money, women, drugs, luxuries were freebies coming with power yesterday, its just the opposite today. Everyone who can earn dirty money can buy all else. Power can be bought. It can be bought by anyone with any of the factors which can be bought with money.

The same Russia which was ruled by strong hands like Stalin is in the hands of the Mafia today who are entering politics so as to just legalize themselves.  We should also be preparing ourselves for such a posterity.

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I work in a bank; a traditional bank in India, in Kerala;  with orthodox, conventional people around me. The bank staff can be easily divided into two demographically with age as the parameter. One with people in the 37- 50 age group and the other in between 25- 30yrs. Now the first group of people are weird in their own peculiar manner. As in each one of them are insecure and comes narrow minded.  Let me skip this part where I go on to explain categorically, each one of them, and reserve it for a later post. Anyhow the other sect with people of my age, is equally intriguing . I cant help think that they believe they were born into a football field, their home since, where one has to keep passing the ball or keep running or else they are lost! Though there a couple of Human Beings among the lot the majority of them fall into the former category.

Now each of the members of the senior group are kind of hostile among each other, good great god knows for what reason. And mind you between the two generations interactions are kind of less thanks to the tiger about to pounce on to the deer approach of the well “experienced” guys over the junior ones.  But recently I was baffled by them coming together, when they started talking ecstatically and with much gusto and elicitation. Goodness gracious what the hell must have happened … even i was curious! So though I was busy doing my work I kind of kept that aside for a moment and definitely gave myself to the great occasion.

“That one suddenly started going up, the moment I gave it off” says one of the juniors. “I told you so, I have been doing this for the past 7 years. But see now my 2 lakhs is at  stake too.” says one of the tigers. “Come on, you got that at 20 and you are complaining. What about me, I got it at Rs 28.” They are talking shares.  Goodness, i couldn’t believe it. They were talking about their investments like they were some household material  and like having just returned from the market (the real market where you get what you eat) to have found that the same vegetables or fish has become exorbitantly expensive over a matter of one or two weeks. Now on the first place god damn’t these are your INVESTMENTS !!  Though academically not a brilliant student I did my post graduation in Finance and do have high regards and respect for the share market and investments in all. Now these people were seeing this just like a game of cards or a game of LIFE. Whats was your purpose of investing man.. oh purpose whats that dude ?? I saw that hovering at 28 and I believed that would go up by atleast 10 points in a week. Bought for 10000 buck.   So thats around 360 shares. 10 points rise in a week gives me 3600… Wow thats a return you are talking of bro! Wake up dude … wake up which world are u in ?? What if it went the other way and thats exactly what has happened now …. Now the junior fellow peps up … ” This scrip was like booming this week …  did u see that .. did u ?? 100 points up .. wow .. if we had that .. wow … ”  Now this is what i call the baby’s day out in the ZOO …. Mamma … mammaa… there, look at that …….. Its a Chimpanzeee … wow … hoooo …. what a shape .. He’s so biggg mammaaa… I think only my HE-Man can topple him off… ” This is a syndrome … the guy had no idea about about share market and trading till 8 months back, the time he joined the bank. A delivery guy from a trading firm visits our bank daily to deposit the firm’s cheques and he influenced and prompted the guy into this. This is really interesting, how does he really view this. I have no idea. There is only one possible answer the guy is pretentiously just gambling. No, not even speculating. This is sad, yes really yes. Lets forget the backdrop pf share market, but the fact that someone is putting in his hard earned money into something about which he has no clue is ludicrous and utter nonsense. Where’s the rational ? Even the ones who claim they are the masters and have been doing this for the past 7 years have no clue why they are investing on a particular scrip!

Can’t help but remember the words of Mr. Warren Buffet which he attributed to the great Benjamin Graham’s brains, that one should know the company he’s investing. If you do not know where the firm is, what it does, its cash flows and markets do not invest. Remember the word in share markets should always be Invest. You are investing in a particular firm by which you are not just putting in money, but sharing its vision, mission and because you believe in its business model.

Anyhow they all, the tigers and the deers, united and transpired though in mis-understanding! God, save the market coz its these  buggers who at the end of the day form the majority!

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