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Just Shoot Me

Bala, 28, Gordon Gekko in the making, pseudo-intellectual, cynic, bibliophile, obsessive compulsive ranter...

Speculation is a symptom

June 30, 2008

For people bitching about us bad speculators driving up the price of crude oil - Prof. Mark Thoma's long post on the effects of speculation on oil prices

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posted by Bala, 4:02 PM | link | 0 comments |

Vachamulla Aappu..

June 27, 2008

posted by Bala, 4:14 PM | link | 0 comments |

The Perma-Bear Monologues

June 24, 2008

1) It is very very difficult to make money in the stock market. If it was easy, everyone would be doing it more often.

2)Markets are not unidirectional. What goes up, can and will come down.

3)There is a thing called "cost inflation index". Google it. You will see how much minimum your investment has to make to stay even.

4)There are such beings called multi year bear markets. The rumors about the demise of the bear were grossly exaggerated.

5)There is no India growth story that can be viewed apart from Valuations.

6)In a bull market even crap costs more. So don't buy crap, even if it is called R Power and all your neighbours are buying it.

7)Stop Watching CNBC. Their motto is Mundus vult decipi, ergo decipiatur

8)Stop fancing your intelligence. Humility would do you a great world of good. Starting with the assumption that you know absolutely nothing would help in the longer run.

9)In the longer run we are all dead.

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posted by Bala, 4:15 PM | link | 3 comments |

My dinner costs too much already

June 20, 2008

I spoke too soon when i blabbered about a single digit inflation. Sigh.. we officially have a double digit inflation now.

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posted by Bala, 4:50 PM | link | 1 comments |

An independent Central Bank

June 18, 2008

posted by Bala, 8:03 PM | link | 0 comments |

Another Exam

June 12, 2008

Apparently the validity period of one of my NCFM certifications expired last week. And now i am off to chennai this friday to write another edition of NCFM. Indha exam thondaravu thanga mudila

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posted by Bala, 7:46 AM | link | 0 comments |

A long bet

June 10, 2008

People with habits of placing long bets, check out this site

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posted by Bala, 7:53 PM | link | 0 comments |

Early Edition

June 09, 2008

AXN India has started showing a good TV Series - Early Edition. It has a nice, feel good story line with gentle soothing back ground music and is an old favorite of mine. Just the sort of the show to watch in the morning before rushing out to battle the crowds in public transport!!

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posted by Bala, 7:00 PM | link | 0 comments |

The smartest players in the game

June 04, 2008

With rising petrol prices and all that, i was thinking about the players in the game. Consider the variety of players involved :

1) Heavy oil consumers with low petrol prices
eg. China and India - we are the worst of the lot. We have a huge oil import bill, which eats into our forex reserves. Yet we render Petrol inelastic by coddling the consumer with heavy subsidies. So like a crack addict feeding his (expensive) habit, we live from one oil induced high to another. And someday our Forex reserves will run out or our subsidies will bankrupt the state run oil marketing companies and we will go back to bicycles and bullock carts.

2) Heavy oil producers with low petrol prices
eg. venezuela and saudi arabia. They make tons of money off the oil exports and then coddle their own population, with ridiculous subsidies on petrol (petrol costs around Rs. 2 a litre in caracas). They may be better off now, but when the oil runs out.. mavanae dinnu thandi..

3) Heavy oil consumers with untapped reserves
It's just like America to sit on a pile of gas reserves and run around waging wars in the world to secure future reserves. They wage $3 Trillion wars to secure $2 billion per annum oil flow.

4) The smartest players in the game - Norwegians.

They have 40 years of reserves left at current production rates. They pump a lot of gas. They tax their automobiles to death. They do everything in their power to drive their population away from oil addiction and Petrol sells for 112 Rs a litre in Oslo. And what do they with all that money earned by oil exports? -They run a sovereign wealth fund to secure their future for the day their oil runs out. And they have been doing this since 1990!!!. And their fund is roughly worth $300 billion!!!.

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posted by Bala, 4:30 PM | link | 0 comments |

generation gap

June 02, 2008

(Last week was spent in a haze of acidity induced insomnia or insomnia induced acidity. Hence the paucity of posts)

Today, I spent five hours repairing a Windows 2000 machine on which the last known activity had been two eleven year olds playing Grand Theft Auto. After watching me struggling to install Windows XP and register it, one eleven year old happily quips hi idhula games neraya irukkae. Then i came home and read some 18 year old harmone addled romeo wannabe (HAR) asking the Teenager in the family (TIF) for a date through an orkut scrap. This idiot calls himself as a "ROUGE". For a while i wondered if it was some new orkut slang. Then i figured out that he was spelling "Rogue". sigh!! I feel really old.

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posted by Bala, 10:52 PM | link | 0 comments |