A Meaningful Investment

Last Sunday, while crossing a super market, I bumped across a road side novel shop (don’t get shocked.. keep on reading). MBA & to be precise one of my batch mate “Ayan choudhari” have changed my perspective towards life (especially books). (Remember his trade mark quotes: Padh likh kar koi bada aadmi nahi banta!!!). I was so mesmerized by his quotes that If someone would ask me where to park your spare cash, my answer would be any one of these… shares, clothes, food, movies, drinks, smokes or for God sake anything but I bet it would never be books. And this time too I have had no intention to buy one. I was there just to kill some time while my mother was busy shopping inside the super market.

While looking through them, I had my hands on one novel titled “Liar’s Poker”. I flipped few pages and realized that it’s all about bond traders and investment bankers. So here goes my first meaningful investment in the books after such a long time.

In Liar’s poker, author has narrated his experiences at the Soloman brothers trading floor. He systematically described how home mortgages evolved in eighties and formed past of largest bond market ever in the history of Wall Street. Implicitly, author has also warned of subprime debacle years before it happened. This could have been avoided if the warning given in the book had been acted upon.

I have summarized few beautiful quotes which caught my attention. Somewhere or other, I think they are applicable on us or our batch mates.

“To get the best job, you had to weather the most abuse.” Very True J

"If you don't pay fuckin' attention to the fuckin' two-year, you get your fuckin' face ripped off." Noun, verb, adjective: fucker, fuck, fucking. Seems sukhtankar preaching to nihit on excel.

“Philosophy of life: Ready, fire, aim.”

'If you believe in it, go with it, but if it doesn't work, you're fucked.' An innocent MBA with a new concept.

“Hedging for sissies”. I liked this one the most.

Arbitrage means "trading risklessly for profit." Seems like an advice for Soogam rathi.

“God gave you eyes, plagiarize.” seems like today’s funda of staying one step ahead of your competitors.

"His epitaph should read: He never betrayed a friend, and he never showed mercy towards an enemy." This is GIM funda, right. J

“The first implication of the so-called efficient markets theory is that there is no sure way to make money in the stock market other than trading on inside information.” 100% true. Motilala oswal ppl, u listening.

I will keep coming with more of such crap at regular intervals. Till then take care. C ya.