Friday, January 25, 2008

Indian Stock Market Crash. Can Tragedy be Quietly Enjoyed?

John Kenneth Galbraith:

“…And tragedy can be quietly enjoyed when, as is not true of war, nothing is being lost but money.”

(Full disclosure- I have lost fair amount of my own paper money in this!)

By the way, Subhash Bhende सुभाष भेंडे informed us that M V Dhond म वा धोंड dabbled in stock market as much he did in classical arts. Dhond apparently lost a fortune in the stock market before India’s independence. But it didn’t deter him from staying in the market.

Bhende saw it as a contradiction.

I don’t see it that way after reading Nicholas Taleb.


Artist: R K Laxman Times of India January 24, 2008