Tag Archives: several times

Sadananda Gowda’s Set-up in South Bangalore

Ever since D V Sadananda Gowda became chief minister of Karnataka not so long ago, we residents of KR Road have been subjected to the holdup of the KR Road-SouthEnd Road signal several times a day. The convoy for which traffic is held up is huge, leading us to believe that it can’t belong to anyone but the chief minister. However, the chief minister’s house is in Milk Colony near Malleswaram, so what garage door broken boca raton he doing in South Bangalore? We wonder if a chinna veetu exists!

Relationships and the Iterated Prisoner’s Dilemma

It was around this time last year that something snapped, and things have never been the same again. Until then, whenever she threw some tantrums, or we had some fight, I’d always give her the benefit of doubt, and unconditionally apologise, and make an effort to bring the relationship back on track. But since then, I don’t feel the same kind of sympathy for her. I don’t feel “paapa” for her like I used to , and have questioned myself several times as to why I even aoplogise, and not expect her to do that.

The optimal strategy for Iterated Prisoner’s Dilemma has been shown to be a strategy called “Tit for tat”. To explain the problem, you play a series of games against an “opponent”, and in each iteration, each of you choose to either “cooperate” or “defect”. For each combination of choices, there is a certain payoff. The payoff looks similar to this, though the exact numbers might be different. In this table, the first value refers to the first player’s payoff and the second represents the second player’s.

Player 1/ Player 2 Co-operate Defect
Co-operate 1 / 1 2 / 0
Defect 0 / 2 0.5/ 0.5

So you play this game several times, and your earnings are totalled. There was a tournament for computer programs playing this game sometime in the 1960s, where the winner was “tit for tat”. According to this strategy, you start by co-operating in the first iteration, and in every successive iteration you copy what your opponent did in the previous iteration. Notice that if both players choose this strategy, both will co-operate in perpetuity, and have identical payoffs.

Relationships can be modelled as an iterated prisoner’s dilemma. You can either choose to be nice to your partner (co-operate) for which you get a steady return, or you can choose to be nasty (defect), in which case you get a superior payoff if your partner continues to be nice. If both of you are nasty simultaneously both of you end up getting inferior payoffs (as shown by the Defect-Defect box in the above matrix).

Early on in the relationship, I was very keen to make things work and did my best to prevent it from falling into any abyss. I played the “Gandhi strategy”, where irrespective of her play, I simply co-operated. The idea there was that whenever she defected, she would feel sympathy for my co-operative position and switch back to co-operate.

So something snapped sometime around this time last year, which led me to change my strategy. I wasn’t going to be Gandhi anymore. I wasn’t going to unconditionally defect, either. I switched to playing tit-for-tat. You can see from the above table that when both players are playing tit-for-tat, you can get into a long (and extremely suboptimal) sequence of defect-defects. And that is what happened to us. We started getting into long sequences of suboptimality, when we would fight way more than what is required to sustain a relationship. Thankfully it never got so bad as to ruin the relationship.

Periodically, both of us would try to break the rut, and try to give the relationship a stimulus. We would play  the co-operate card, and given both of us were playing tit-for-tat we’d be back to normal (Co-operate – Co-operate). Soon we learnt that long defect-defect sequences are bad for both of us, so we would quickly break the strategy and co-operate and get things back on track. We weren’t playing pure tit-for-tat any more. There was a small randomness in our behaviour when we’d suddenly go crazy and defect. In the course of the year, emergency action plan nyc got formally engaged, and then we got married, and we’ve continued to play this randomized tit-for-tat strategy. And the payoffs have been a roller coaster.

Today I lost it. She randomly pulled out the defect card twice in the course of the day, and that made me go mad. While in earlier circumstances I’d wait a few iterations before I started to defect myself, something snapped today. I pulled out the defect card too. Maybe for the first time ever, I hung up on her. Do I regret it? Perhaps I do. I don’t want to get into a prolonged defect-defect sequence now.

And I hope one of us manages to give the relationship enough of a stimulus in the coming days to put us on a sustained co-operate co-operate path.

Ganeshana Madhuve and Challenge Gopalakrishna

Scenes from these two movies were enacted out at our wedding.

So in certain cultures (such as my wife’s; this isn’t practiced in my mother’s house at least) there is a uniform that brides need to wear – a white or off-white sari with a red border. I think this uniform is there in my father’s family also, but I’m not sure. I’m sure this is not there on my mother’s side.

Anyway, Priyanka was in her uniform, in the “bride’s room” doing “gowri pooje” that is supposed to be done before a girl gets married. There were several other women around, and for the wedding, they had all chosen to wear their own wedding saris – white or off-white with a red border. This included mostly Priyanka’s aunts and cousins and one of my aunts.

So there is this scene in Ganeshana maduve where Ganesha (YG Rao) is told that the girl in red sari is Shruti (his “pen lover”). And he goes into the bride’s room to find that everyone there was in a red sari, so he has no clue in figuring out who Shruti is. Similarly, if someone had come to the bride’s room searching for one particular woman who was in the white-red uniform, they would’ve been thoroughly confused indeed.

Then there is this scene that is oft-repeated in the other classic Anantnag starrer Challenge Gopalakrishna (I’m not able to find the link on youtube). Whenever Gopalakrishna’s dad abuses him, he reminds him of his lineage. (translating) “Being the great-grandson of Justice Gopalakrishna (loud temple gong), being the grandson of Major Radhakrishna (another loud temple gong), being the son of Rotarian Muralikrishna (yet another gong) you dare to behave like this… “. This scene is played out several times in the movie, and towards the latter half, as soon as Mukhyamantri Chandru utters “Justice Gopalakrishna”, Anantnag runs.

So as part of the wedding rituals, the bride and groom are anointed as Lakshmi and Narayana (the gods). So while I was being anointed such, the priest chanted “Venkataramanasharma nautram, Suryanarayanasharma poutram, Shashidharasharma putram Shri Karthika Sharma … ” and similarly for Priyanka (that way I got to know her great-grandfather’s name). The first couple of times it was ok. But when this bit came up later on in the rituals, we couldn’t help but burst out laughing. Thankfully there were no temple gongs to punctuate the recital.

I’m affordable home products sure if Lakshmi and Narayana are supposed to laugh.

NED Open

Happened today in three places. Chennai went in the morning, Bombay early in the afternoon and here in Bangalore in the evening. As part of the introduction to the finls we had written “if you are satisfied with the questions kindly let us know. If not, write to us in civil language and we will look into it”. I would encourage you to use the comments thread on this post to do the same.

Some personal comments at the end of it:

  • It’s insanely tiring for a single quizmaster to do a quiz this long (72 questions + LVC in finals). I can hardly talk right now and was shouting myself hoarse towards the end of the quiz (and as if it wasn’t bad enough, there was a tiebreaker to be conducted)
  • 72 questions plus a LVC is way to long for finals. True to the nomenclature of the quiz, I noticed several teams and part of the audience put NED towards the end. That it was late in the evening did matter i think. But again thinking about it, isn’t it fair that people put NED at the NED quiz?
  • One art I need to become better at is in terms of dividing points between teams in cases of partial answers. But then the problem there is however you do it, some team is bound to crib
  • Given it was such a long quiz, I was quite low on energy towards the end so probably did a worse job of point distribution, funda explanation etc. than I could have done
  • One needs to recognize that the concept of the LVC has been designed with an intention to irritate, and so some teams are bound to get pissed with it. As long as the audience enjoys you are good
  • One mistake I did (and I did this several times) was to continue wiht a question even after one team had given a “good enough” answer, and then finally give points tothe team that had originally given lake worth homes for sale “good enough” answer. This both wasted time as well as pissed people off
  • At the end of the quiz i was feeling so damn tired that all I wanted to do wsa to go to Dewar’s wine shop on St Marks Road and buy myself a bottle of Amrut Fusion and finish it off. But then, NED happened.

FabIndia Koramangala

There are very few clothing stores that I can say I’m in love with. There are very few stores where I feel like buying a large proportion of merchandise on display whenever I visit it. There are very few stores where just the atmosphere makes you buy much more than you had planned to. And it’s a pity that on two of my visits to the store, I bought nothing.

I haven’t been to too many FabIndia stores outside Bangalore (only a handful of stores in Gurgaon and maybe one in Delhi) but having shopped a few times at the FabIndia store in Koramangala, I feel distinctly underwhelmed whenever i go to any other outlet. Having been several times to this beautifully designed house, I find FabIndia outlets housed in less spectacular buildings sad. Of course there have been times (including two days ago) when I’ve shopped at other outlets but the experience simply doesn’t come close.

The first time I went to the store was some four or five years back when Anuroop wanted to check out kurtas. I think we went there on Bunty’s recommendation but I remember that I hadn’t bought anything. I had quickly made amends for it a couple of months later when I bought a couple of shirts, and then a year later when I bought a dozen shirts at one go!

The only other time I went there without purchasing anything was yesterday morning, when I was visiting the store after a gap of some two or three years. The first thought was one of guilt – of having shopped in a less spectacular Fabindia store (the one at Kathriguppe) just the previous night, and then as I got over it I got overwhelmed with the variety on display. I suddenly got afraid that I might over-spend and made a dash for the exit.

I wasn’t gone for too long, though, as I returned in the evening with Priyanka, and this time we discovered something even more spectacular – something that I had completely missed during my hajaar earlier visits - the store cafe. The brownie was decent, and the coffee was just about ok, but that didn’t matter one bit. Once again, it was the atmosphere at play, and that the coffee shop had in plenty.

It’s something like a small arena. If you can perform some visual art (say a play or a dance) in a five feet square area, this is just the place for you! All around the 5×5 “well” (which is full of pebbles) are stone benches, at different levels. Cushions have been placed on some arbitrary benches, and we understood that that’s where mirrors and wall art online was supposed to sit. There wsa some music that I didn’t quite recognized but was quite pleasant, and the wooden trays in which the waiter brought our coffees were also beautiful – I might have bought something like that from the store had I been in a spendthrift mood yesterday!

If you are in Bangalore and are interested in cotton clothes you should definitely check out this store sometime. It’s in Koramangala, in the extension of the intermediate ring road. Make sure you go there leisurely, for there is plenty to see and buy (the inventory is about six times as much as that of an “ordinary” FabIndia store). And while you are there, do visit the cafe and lounge around there for a while. And think about Priyanka and me while you are there.

Arranged Scissors 13 – Pruning

Q: How do you carve an elephant?
A: Take a large stone and remove from it all that doesn’t look like an elephant

– Ancient Indian proverb, as told to us by Prof C Pandu Rangan during the Design of Algorithms course

As I had explained in a post a long time ago, this whole business of louvvu and marriage and all such follows a “Monte Carlo approach“. When you ask yourself the question “Do I want a long-term gene-propagating relationship with her?” , the answer is one of “No” or “Maybe”. Irrespective of how decisive you are, or how perceptive you are, it is impossible for you to answer that question with a “Yes” with 100% confidence.

Now, in Computer Science, the way this is tackled is by running the algorithm a large number of times. If you run the algo several times, and the answer is “Maybe” in each iteration, then you can put an upper bound on the probability that the answer is “No”. And with high confidence (though not 100%) you can say “Probably yes”. This is reflected in louvvu also – you meet several times, implicitly evaluate each other on several counts, and keep asking yourselves this question. And when both of you have asked yourselves this question enough times, and both have gotten consistent maybes, you go ahead and marry (of course, there is the measurement aspect also that is involved).

Now, the deal with the arranged marriage market is that you aren’t allowed to have too many meetings. In fact, in the traditional model, the “darshan” lasts only for some 10-15 mins. In extreme cases it’s just a photo but let’s leave that out of the analysis. In modern times, people have been pushing to get more time, and to get more opportunities to run iterations of the algo. Even then, the number of iterations you are allowed is bounded, which puts an upper bound on the confidence with which you can say yes, and also gives fewer opportunity for “noes”.

Management is about finding a creative solution to a system of contradictory constraints
– Prof Ramnath Narayanswamy, IIMB

So one way to deal with this situation I’ve described is by what can be approximately called “pruning”. In each meeting, you will need to maximize the opportunity of detecting a “no”. Suppose that in a normal “louvvu date”, the probability of a “no” is 50% (random number pulled out of thin air). What you will need to do in order to maximize information out of an “arranged date” (yes, that concept exists now) is to raise this probability of a “no” to a higher number, say 60% (again pulled out of thing air).

If you can design your interaction so as to increase the probability of detecting a no, then you will be able to extract more information out of a limited number of meetings. When the a priori rejection rate per date is 50%, you will need at least 5 meetings with consistent “maybes” in order to say “yes” with a confidence of over 50% (I’m too lazy to explain the math here), and this is assuming that the information you gather in one particular iteration is independent of all information gathered in previous iterations.

(In fact, considering that the amount of incremental information gathered in each subsequent iteration is a decreasing function, the actual number of meetings required is much more)

Now, if you raise the a priori probability of rejection in one particular iteration to 60%, then you will need only 4 independent iterations in order to say “yes” with a confidence of over 95% (and this again is by assuming independence).

Ignore all the numbers I’ve put, none of them make sense. I’ve only given them to illustrate my point. The basic idea is that in an “arranged date”, you will need to design the interaction in order to “prune” as much as possible lake worth homes for sale one particular iteration. Yes, this same thing can be argued for normal louvvu also, but there I suppose the pleasure in the process compensates for larger number of iterations, and there is no external party putting constraints.

Compensation Etc.

For a change I’m keeping up a promise that I’ve made on my blog – I’m actually writing a follow-up post that I’d promised. In the past, I’ve guilty several times of promising to continue something in a follow-up post and then conveniently forgetting about it.

So I had mentioned in my last post that the word “compensation” as used to describe salary is not really misplaced. There has been a lot of debate on this topic. The opponents of the word have said that you aren’t losing an arm or a leg in order to be “compensated”. They say that you are only getting paid for the value you add, and so the use of the word “compensation” is plain wrong. I must admit I haven’t really bothered to read the arguments of the people who support the use of the word.

The basic fact: you work because you need the cash flow to fund the rest of your life.

I know a lot of career-minded folks among you will jump on me for this, but I stand by this. Just get down a little deeper, and ask yourself why you are doing what you are doing. Maybe you don’t get the kind of questions in your head that I normally do, and described in my previous post. Maybe your jobs have put you in the kind of comfort zone where you don’t really need to ask yourself such questions (I was in a similar state not too long back, I must admit). But I encourage you to make that effort and ask yourself this uncomfortable question. And it will be down to the money.

You might say that you are doing some stuff “for the sake of career development”. Rephrase that and you will find that you are doing that in expectation of higher future earnnigs. You might say that you are doing something because you want to “achieve something”. Dig deeper and you may find that you define the fruit of your achievement in monetary terms.

So where does “quality of work”, “impact on society”, “value add”, etc. all fit in? I know that in the not-so-distant past, I’ve also talked a lot about these things. I have rejected a number of potential job offers because I don’t like the “quality of work”. This definitely needs to be incorporated into the model, right?

The next basic fact: work is inherently unpleasant.

I don’t think I’ll spend too much time elaborating this here. Maybe I’ll explain this in the comments if you want. So this is where things like “quality of work”, “value add” etc. all fit in – they make work so much less unpleasant. For example, I enjoy spreadsheet modeling. So if my work involves a lot of spreadsheet modeling, I’ll feel so much less unpleasant doing it. Of course, what I am doing remains “work” and it has to be done, in a certain way by a certain day, and so it remains unpleasant. But the fact that I enjoy the core activity makes it less unpleasant.

Similarly, if you think that the work that you are doing gives you a sense of achievement, then it is as if you are doing a part of the work for yourself, and not for someone else, and thus need to be compensated less. “Compensated less”. So this is where it fits in. You get “compensated” because work is inherently unpleasant. You need some incentive to do the stuff that is inherently unpleasant. So you get compensated.

You may have to live in a city that is not your preferred choice – you need to get compensated for that. You may face an extremely long commute where you waste your time – you need to get compensated for that. You might have to work long hours which can intrude on your personal time – you need to get compensated for that. You may have to deal with lousy colleagues or customers, you need to get compensated for that. The list goes on. And if you think about it, a large part of the money that you get out of your work is just that – compensation. Compensation for your time, your effort, your mindspace, your willpower, etc.

So why work at all, you might ask. Go to basic fact one. You work because you need the money. You are in a certain job because you believe that after compensating for all your “sacrifices” for the job, it will leave you with some more money to fund your life. If you think that the money your job leaves you if you take out the “compensation” part of it is lower than what you need to sustain life, you need to question why you are doing that job.

Investment bankers (the inside the wall type) usually end up spending a lot of their time at work, and despite the reasonable bonuses they get, they might feel they are not being compensated enough. They are doing it because they expect that when they ultimately get promoted they will make enough and more to cover for all this unpleasantness. It is basically an “investment”. If, however, you think you are in a job where you are inadequately compensated but don’t see any hopes of significantly higher compensation in the future, you are cheating yourself by not looking for another job.

This also explains why it is a bad thing to compare your salary with your peers and your old classmates and then feel good or bad about it. No two people have the same needs. No two people find the same things unpleasant to the same degree. No two people make the same trade-offs. Comparing your salary with you peer gives little information.

On a closing note (I know it’s already monstrously long) I find the phrase “work-life balance” amusing. I think it is a construct brought about by the pigs so as to con the sheep into workign harder for them. There is no “balance” between life and work. Life is the master and work is the slave.

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IPL

It’s day one of the second edition of IPL and I’m already loving it. As has already been said by several people several times on Twitter today, it’s quite fitting that the three best performances of the day have come from Tendulkar, Dravid and Kumble. The second match was extremely strong, even from a neutral perspective, and was very refreshing after the batfest that had been the first edition of the IPL.

One major blessing in disguise of moving the tournament to South Africa is the change in conditions – which is likely to lead to better cricket – in the sense of a better contest between bat and ball. Last year’s tournament was a joke in terms of the quality of cricket. There was absolutely nothing in it for the bowlers, and then they put NED after that and made things worse for themselves. Hopefully this promising start will lead to a better effort by bowlers this time round and we’ll have more games like the second one.

I’ve always maintained that the best ODIs are defences of low to moderate scores. The ideal ODI, in my opinion, will have the team batting first making 200-225, taking early wickets and putting pressure on the second team so that it ends up as a tight game (don’t care who wins). Sadly, the pitches they have been making nowadays seem to be creating 300+ games only which is why I’ve stopped watching ODIs.

Coming to the games today, the main mistake that Chennai Super Kings made was with respect to their batting order. A lot of people maintain that they messed up their team selection, and I agree with them – I would definitely have put in Vijay and Balaji instead of Parthiv and Joginder. But even the team that they started off wiht wasn’t too bad, where they messed up was in the chase.

When you are chasing a reasonably moderate total like 166 (equivalent to 250 in ODIs), you don’t need to pinch hit. I know Sri Lanka did that when they won WC96, but I’m more of a fan of Pakistan’s method in WC92 which is to first build a base and then have hitters coming in lower down the order to capitalize. Similarly, chasing 166 with Hayden at one end, what was required was a proper batsman at the other, and Dhoni sent in Flintoff. I think the match might have been sealed there.

It is all about slotting people into the right roles. Having Badrinath and Flintoff in the same team makes sense, but the role for each needs to be well-defined. Badrinath is an excellent “holding batsman” (the same role in which Dravid and Tendulkar excelled in today – and the role that Tendulkar plays in ODIs nowadays) – someone to hold one end up and rotate the strike while batsmen at the other end go for it, but he is incapable of slogging if he comes in with a large required run rate and not much time. And CSK didn’t desperately need to slog when Raina got out – all they needed was some consolidation and for one guy to stay while Hayden accelerated.

Similarly, when you look at Rajasthan’s lineup, you will notice that there are very few “proper batsmen” in the line-up, and a large number of “hitters”. How many people in the Rajasthan XI would you count on batting for you within the first 30 overs of an ODI? I can count Smith, Asnodkar and NK Patel, and maybe Ravindra Jadeja. The rest of the “batsmen” in their lineup (Pathan, Henderson, Mascarenhas) are all essentially hitters. And when conditions are not ideal for hitting, you can come unstuck.

If things continue to go the way they did today, teams will need to re-think their strategies. The slam-bang approach of last year won’t work and they will need to move towards “proper cricket”. Have proper batsmen and proper bowlers and proper keepers rather than having bits and pieces guys, and fill-in guys. Let’s see how things pan out.

I hereby predict that if things continue to go this way, Rajasthan Royals will recall Mohammed Kaif. Also, you might have mirrors and wall art online Uthappa shouting out to Kumble in Kannada about what to bowl (he frequently shouted “kaal muri” which literally translates to “leg break”). And that the Bangalore team has 5 guys from Bangalore – which perhaps enables them to indulge in this kind of “cipher”.

Taleb’s Recipe

No, unlike the previous post, this has nothing to do about food. It is about Nassim Nicholas Taleb’s recent op-ed in the Financial Times where he gives his “recipe” for saving the global financial system. Two of my favourite bloggers Arnold Kling and Felix Salmon have responded to it, but I didn’t like either so I thought I should post my response as well.

I borrowed The Black Swan from Aadisht sometime in late 2007. I tried starting to read it several times but never got past Taleb’s childhood stories of his hometown Amioun. I took a couple of months to get past the first 50 pages, I think. And then it was easy reading. I loved the sub-plots. I broadly bought into the main plot. By the time I had finished reading the book, I wanted to ask Taleb to accept me as his sisya. I  bought and read Fooled By Randomness, and liked that too. And then decided to read The Black Swan yet again. It was only a couple of months back that I finally returned the latter book to Aadisht (in the meantime he had bought two other copies of it, and read it).

Till very recently, I would read up any article of Taleb’s that I could find. I wrote to him a couple of times with my CP, and he even responded. I infact wrote to him about “Positive Black Swans and the World of Romance” and he responded with a “Thanks Karthik, Ciao, Nassim”. I had become a worshipper.

However, now I think he’s kinda lost it. I don’t think he intends to write another book and so he has nicely settled down to peddling his last theory (black swan). In response to a recent post on studs and fighters, Kunal had said, “He that is good with a hammer tends to think everything is a nail.”. The same disease affects Taleb I think, as he goes around the world trying to force-fit his black swan model to every conceivable problem.

And then I have a problem with people like Taleb and Satyajit Das, and actually with all those ibankers who are asking for bailouts. These guys made full use of capitalism, and made heaps of money, when things were good. And now that their money has been made, they call for government intervention, and socialism. Taleb and Das are different from the other wall streeters because they are calling for full-scale government intervention, unless the other bankers who are only calling for a bailout!

Now that the elaborate intro is done, let us get to the point. Taleb’s essay consists of ten points. The headings are italicized and there’s a detailed explanation. For purpose of brevity I’m putting only the headings here, and writing my comments after each of them. Go to the FT site to read the full points that Taleb has written.

1. What is fragile should break early while it is still small.

I agree with this. And my take is that competitors need to keep each other in check. For example, if this round of bailouts were not to happen and the biggies were let to fall, no one would grow so big in the future, and even if they did, they would make sure that they were insulated enough from one another. This round of bailouts will make the next crisis (whenever it will happen) worse.

2. No socialisation of losses and privatisation of gains.

Agree with this.

3. People who were driving a school bus blindfolded (and crashed it) should never be given a new bus.

Taleb has clearly not learnt his own lessons (fooled by randomness). I might have crashed the school bus once, but it may not be my mistake. the one data point of one bus crash should not be used to decide my career as a driver. One should look at how the driver drove before the crash to determine whether he gets a second chance. Blanket banning of people involved will not help.

4. Do not let someone making an “incentive” bonus manage a nuclear plant – or your financial risks.

It’s all about structuring. Taleb was a trader and he forgets about structuring. As long as incentives of the employee and the employer are reasonably well aligned, there is no problem with an incentive bonus. The problem in ibanking was that too much emphasis was placed on short-term performance of employees. It’s tragic that the fall of the financial system has brought to an end what was an excellent compensation system (in principle, mind you; not the way it was practised) – where each person was paid fairly based on his/her contribution.

5. Counter-balance complexity with simplicity.

I think the simplest way would be to leave things to the market. Government intervention would lead to a new form of complexity, and in the overall scheme of things increase complexity rather than decrease it. None of the stuff that Taleb has mentioned is easily implementable.

6. Do not give children sticks of dynamite, even if they come with a warning .

Again Taleb prescribes mai-baap sarkaar. Does he realize that if governments had always had tight control over the markets, the markets wouldn’t have crashed on October 19 1987, and he wouldn’t have made any money? (Taleb has reportedly made 97% of his life’s earnings out of this one event). What is “complex derivatives”? And how can you ban it? If you ban it, it’ll go to the black market. You are better off collecting hefty security transaction tax.

7. Only Ponzi schemes should depend on confidence. Governments should never need to “restore confidence”.

I agree

8. Do not give an addict more drugs if he has withdrawal pains.

Agree once again. We need to structurally change things to get to saner leverage than what was practised 1-2 years back. Regulations should be simple and principles-based, minimizing fire watch new york for regulatory arbitrage. Remember that the purpose of creation of most “complex derivatives” in the last 25 years is regulatory arbitrage.

9. Citizens should not depend on financial assets or fallible “expert” advice for their retirement.

Bullshit. The point on markets not containing information, that is.

10. Make an omelette with the broken eggs.

None of this makes any kind of practical sense. It’s just an old man ranting. Thanks, guru (pun intended).

Blegs and cribs

Given that my pipeline in the arranged scissors project is temporarily empty,  I think I should concentrate on other issues. Other real and pressing issues. Speaking of pressing issues, I need to call the dhobi and give my shirts for ironing. I have excellent ironing infrastructure in my house but I think that 2 rupees a shirt is cheaper than 10 minutes a shirt.

My big problem in life currently (and no, it isn’t pressing) is that I’m under a credit crunch. My credit card expired last month and ICICI didn’t send a replacement. Total jai. Six months back, HDFC Bank happened to offer me a “gold card”. I happily told said “i want i want”. They came over and got a few forms filled. Some guy landed up at home to do address verification, found it locked and called me. I was at work and abused him back for arriving at the middle of a weekday without prior intimation. I received a letter from HDFC a few weeks later saying that they found me not creditworthy.

I had gotten my first credit card (the ICICI thing) back when I was a student at IIMB. My father had abused me for it, saying it will trigger bad spending habits. I am happy to note that I did none of it, and have always lived well within my means. It is not the credit that I want. It is the convenience of online transactions. And now it seems I can’t do any of it. Total jai is happening.

The other concern I have is that my passport will be expiring this May. Given that it’s less than six months away, I can’t leave the country now. And I have no clue how to go about renewing it. Anyone who has fundaes about this please let me know. It might help to add here that I have one live visa (a B1/B2 to the US) on it.

The biggest problem that I think is facing me is that I’m facing an overdose of thought. I’m thinking too much. I’m thinking too much for every damn small thing. Driving back from Akshardham last evening, I pulled over several times to refer to the map and chart out my route, only to think a couple of minutes later that I’ve lost my way and repeat the process. And at each step, I’d solve using Dijkstra’s algorithm. Clearly suboptimal. Memoriless systems should not use algorithms that require things to be stored in memory.

Liverpool is playing ManCity as I write this. Normally I don’t not watch a Liverpool game if I can help it, but I found this one too emotionally taxing and switched channels. I was thinking of my funda about how different EPL teams are like different civilizations in Age of Empires, and have relative strengths and weaknesses. Apart from these, each team has a special weapon. For example, when you play Stoke, you need to rejig your defence completely so as to not put the ball out of play in your own half, thanks to their special weapon – the longthrowman Rory Delap. Liverpool’s special weapon could probably Alonso’s long shots though they don’t use it that much. Man U has C Ronaldo. And so forth. Ok I should bullying books straining my brain further by thinking about this.

I’ve taken tomorrow off. Shivarathri is a trading holiday and thus an optional off for us. I was supposed to do a moviethon with Aadisht but he decided he’s going to wrok so I suppose I’ll chill at home and try chill my nerves. How I’ll manage to do that I don’t know.