मेघदूत: "नीचैर्गच्छत्युपरि च दशा चक्रनेमिक्रमेण"

समर्थ शिष्या अक्का : "स्वामीच्या कृपाप्रसादे हे सर्व नश्वर आहे असे समजले. पण या नश्वरात तमाशा बहुत आहे."

G C Lichtenberg: “It is as if our languages were confounded: when we want a thought, they bring us a word; when we ask for a word, they give us a dash; and when we expect a dash, there comes a piece of bawdy.”

C. P. Cavafy: "I’d rather look at things than speak about them."

Martin Amis: “Gogol is funny, Tolstoy in his merciless clarity is funny, and Dostoyevsky, funnily enough, is very funny indeed; moreover, the final generation of Russian literature, before it was destroyed by Lenin and Stalin, remained emphatically comic — Bunin, Bely, Bulgakov, Zamyatin. The novel is comic because life is comic (until the inevitable tragedy of the fifth act);...”

सदानंद रेगे: "... पण तुकारामाची गाथा ज्या धुंदीनं आजपर्यंत वाचली जात होती ती धुंदी माझ्याकडे नाहीय. ती मला येऊच शकत नाही याचं कारण स्वभावतःच मी नास्तिक आहे."

".. त्यामुळं आपण त्या दारिद्र्याच्या अनुभवापलीकडे जाऊच शकत नाही. तुम्ही जर अलीकडची सगळी पुस्तके पाहिलीत...तर त्यांच्यामध्ये त्याच्याखेरीज दुसरं काही नाहीच आहे. म्हणजे माणसांच्या नात्यानात्यांतील जी सूक्ष्मता आहे ती क्वचित चितारलेली तुम्हाला दिसेल. कारण हा जो अनुभव आहे... आपले जे अनुभव आहेत ते ढोबळ प्रकारचे आहेत....."

Kenneth Goldsmith: "In 1969 the conceptual artist Douglas Huebler wrote, “The world is full of objects, more or less interesting; I do not wish to add any more.”1 I’ve come to embrace Huebler’s ideas, though it might be retooled as “The world is full of texts, more or less interesting; I do not wish to add any more.” It seems an appropriate response to a new condition in writing today: faced with an unprecedented amount of available text, the problem is not needing to write more of it; instead, we must learn to negotiate the vast quantity that exists. How I make my way through this thicket of information—how I manage it, how I parse it, how I organize and distribute it—is what distinguishes my writing from yours."

Tom Wolfe: "The first line of the doctors’ Hippocratic oath is ‘First, do no harm.’ And I think for the writers it would be: ‘First, entertain.’"

विलास सारंग: "… इ. स. 1000 नंतर ज्या प्रकारची संस्कृती रुढ झाली , त्यामध्ये साधारणत्व व विश्वात्मकता हे गुण प्राय: लुप्त झाले...आपली संस्कृती अकाली विश्वात्मक साधारणतेला मुकली आहे."

Friday, July 18, 2008

All I want is a Stock that will go up a Little Bit…Else I will Smash the Stock Exchange

This is bubbles and bunges season.

Bloomberg reports on July 17, 2008:

"Pakistan investors stormed out of the Karachi Stock Exchange, smashed windows and cursed regulators after the benchmark index fell for a 15th day, the worst losing streak in at least 18 years...

...Police surrounded the exchange after hundreds of investors stoned the building and shouted anti-government slogans. They directed their ire at the government and Securities and Exchange Commission of Pakistan, which this week removed a 1 percent daily limit on price declines. The measure was aimed at halting a slide that wiped out $30 billion of Pakistan's market value in three months, threatening to undo a 14-fold rally since 2001...

... Investors were also protesting outside the Lahore and Islamabad stock exchanges, Geo Television reported.

``We demand that all stock prices be frozen at current levels,'' said Kauser Javed, who heads the Small Investors Association. ``People have sold their assets in the last 15 days to meet payments and if things continue this way, you will start hearing of suicides. The regulators always favor big brokers and investors.''
"

I think India is prone to bubbles of all kinds. Fixed deposit schemes of many NBFC's, stock markets from time to time, real estate, plantation companies, pyramid/ ponzi schemes, certain medical treatments, godmen, astrologers, coaching classes, film-stars, ideologies…

However currently for Indian stock markets it’s like February 1637 in Holland . In that one month prices of tulips fell by approximately 90 per cent, bursting tulipmania.

Likes of Daniel Gross have argued that bubbles are good for us.

“The bigger the bubble, the more useful soapsuds it leaves behind when it bursts.”

“Gross believes that America is prone to investment bubbles partly because its government tends to have a laisser faire attitude to innovation, preferring to let private investors fund new technologies, rather than the state. “

I am not sure about the reasons in case of India and Pakistan.

Possibly here is one…


Artist: Helen E. Hokinson The New Yorker 7 August 1948



Angry Pakistani stock brokers demonstrate at the Stock Exchange to protest the decline of stock market in Karachi Photographer: Fareed Khan/AP Photo via Bloomberg News Thursday, July 17, 2008.

p.s. “The final myth is that the crash put the Dutch off tulips. In fact, a form of tulipmania never died…Today the Netherlands has 90 per cent of the international flower trade. Fortunes really are made in tulips.”
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