April 21, 2014
Batra and I are talking past one another, playing two different games with the textual evidence. But he thinks there is only one game, and is determined to keep me off my own field. To debate a book you disagree with is what scholarship is about. To ban or burn a book you regard as blasphemous is what fascist bigotry is about.
Source: The New York Review of Books.
April 14, 2014
The mindset of the financial industry. If I told you that your company was going to be comfortably profitable for the next 20 years, you’d probably feel relieved that you could pay for your kids’ college tuition and plan for retirement. But finance types don’t think that way. I’m wary of going down a rabbit hole here, so let me boil it down to this: Financial types want to see growth. Static (albeit massively profitable) companies are boring.
I don’t want to argue about what this says about our global financial system—chase that rabbit if you want—but to point out that when you see tech stocks react in bizarre ways (like dropping in value when a company announces record profits or sales), it’s because what you consider success often isn’t what Wall Street considers success. (It’s also because Wall Street trades in futures, not in gold stars for past accomplishments.)
More than about Apple, this excerpt is instrumental in understanding why you should never play the individual stock market game. Unless you’ve insider information, which by the way is illegal.
March 11, 2014
Has India become so desperate for rapid economic growth, so blinded by the promise of prosperity, that she has forgotten basic humanity? It seems that, in the race towards higher GDP, the majority of India is willing to inject itself with the steroids of bigotry or ruthlessness. Ethics be damned.
Imagine if there was little or falling economic growth in the near future. Now what are you left with?
February 21, 2014
They judge us by our failures and not our desire to improve. They judge us by our tools and not what we can accomplish with them. They judge us by their own standards, without a breath given to the possibility that a different perspective might exist.
Which is pretty much the Internet in a nutshell, isn’t it? Exposed to the entire spectrum of human enthusiasms, it’s basically impossible not to judge. Our empathy overloads and gives up and we sit, staring at the screen aghast, that somebody, somewhere might actually believe that what they’re doing is OK, is acceptable, is even appropriate.
Source: An Entirely Other Day.