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  • Keynes







    I enjoyed learning economics in my MBA, thanks to Prof Mankad for teaching Macroeconomics as a well narrated story of History of the world. He taught it so brilliantly that we all used to sit, go through the roller coasters up and down the history lane by-lanes and learn the development in economics and policy making.

    Being an average engineer, I too was unaware (still am) about economics before taking the course with Prof Mankad. This was the class where I came to know about John Manyard Keynes and keynesianism. I buy into his theory of Govt intervention (which wont go down well with many capitalists); however the way I have seen recent past is – challenges and largely corruption in implementation. In India, Govt has launched Food Security, Employment schemes – seems good as Keynes suggested, but the money is not reaching the right place.

    Well, I thought to write on Keynes because something moved me deeply in Prof Mankad’s class. That statement itched profoundly, whenever I thought about future that sentence resounded. Prof Mankad talked about Great Depression in his lectures. He introduced us to the Keynes and his idea, opposition to his idea and so on. In the lecture Prof Mankad said – what Keynes was – “in the long run we are all dead”.

    This statement is right however we can think on this two ways –

    1. (bad one) Anyway I will die one day – why worry, indulge and enjoy. [may be Tarun Tejpal (recent Tehelka sexual harassment case) and many others think this way]

    2. (Good intentions) Yes, if I am going to die, everyone dies, so what is the purpose of my being here? Am I like any other animal or plant, or I have some brain, who gave it to me? And so on…

    So, if …in the long run we are all dead… why all this drama (delusion)? in Hindi – यह प्रपंच क्यों?

  • Impermenance







    Recently, I relocated from Posh South Mumbai to Suburban Mumbai. There were reasons for this move. I used to travel 2+ hours one way in different public transports (a meager 35 KM distance). Not that I cannot afford a personal vehicle (or can not drive); I do not want to buy one. Considering various issues in Mumbai (India) – parking, traffic jam and notwithstanding petrol prices.

    So, after a troublesome one year travel of 4+ hours each working day, I decided to move on from the coveted South Mumbai (SoBo) to Suburban Mumbai. Now I travel 20-25 min (walk). Considering the kind of horrible experiences I had in last one year, this was a wonderful change. Alas! it had cost associated with it. (If you want to achieve something you have to let go of something else!) One one side I was happy that I am saving more than 3 hours of travel daily but the flip side was the kind of royal life e.g. three swimming pools (one Olympic size), track (again Olympic size well maintained) Golf Course at backyard (yes you can see a hole from 1 window of my bedroom), Happening place etc etc.

    I knew since day one of shifting to SoBo that I cannot afford it and I don’t belong here (at least currently). I always knew that this is not a permanent place for me. However, when I moved out of that comfort I felt strange as if that was my permanent abode. While I am yet settling down in Suburb, I know this is also a temporary abode (rented apartment). Yet, slowly we try to settle down as if we are to stay here forever. This transfer taught me good lesson on impermanence and our inability to come to terms with life and change. Change is difficult and change makes us uncomfortable.

    As an individual I found a very important change difficult; this must be even more difficult for organizations where many do not even realize the need for change, many are not willing to change and many just can not withstand change.

    Now I remember my MBA Marketing class with Prof Lopez, even more. He told me – “Pravin Marketing is like playing golf, you need to swing naturally.” Now there is no Golf course view from my bedroom and I did not move out of SoBo Naturally! Everything is impermanent even Sachin Tendulkar (God of Cricket) playing Cricket for India.

  • Neeraj in Kabir’s style







    Gopaldas Neeraj is an Indian poet. He wrote many poems, some I studied in my course work may be. I remember his Bollywood songs such as O meri sharmilee (from the movie Sharmilee) and Phoolon ke rang se, dil ki kalam se (from the movie Prem Pujari) etc. Read more poems here, and one of his poetry book.

    The most I like (rather love) is below – Neeraj ka Kabirana andaz. This poem I copied in a diary in 1998, found that diary when I was relocating recently. The poem title in English can be Neeraj in the style of Kabir. Kabir is (was) a sufi saint in India in 1500’s. Kabir wrote many things (called Doha) and tried uniting Hindu’s and Muslims (against their religious “blind belief system” to an awakened self). Here goes Neeraj (trying to translate in English – bold part below – for readers of other than Hindi readers). This translation is line by line translation. In some places a line should be read after the next line e.g. Line Number N+1 should be read before line number N.

    नीरज का कबीराना अंदाज़

    दिल के काबे मे नमाज़ पड़ (Dil ke kabe me namaz pad – pray in your heart)
    यहाँ वहाँ भरमाना छोड़ (Yahan vahan bharmana chhod – do not shout everywhere)
    सांस सांस तेरी अज़ान है (Sans sans teri azan hai – every breath is a call for prayer)
    सुबह शाम चिल्लाना छोड़ (Subhah sham chillana chod – do not shout day and night)

    उसका नूर ना मंदिर में है (Uska noor na mandir me hai – HIS glory is neither in temple)
    उसकी ज्योति ना मस्जिद मे (uski jyoti na masjid me – nor HIS glory is in any mosque)
    जिस मोती को ढूंड रहा तू (jis moti ko dhund raha tu – the pearl you’re searching for)
    वो है दिल के समंदर मे (vo hai dil ke samandar me – is within the sea of yourself)
    भीतर गोता मार बाहरी (bhitar gota mar bahari – jump Within O! worldly person)
    ये सब खोज खजाना छोड़ (ye sab khoj khajana chhod – do not search outside)

    जो कुछ बोले है पैगंबर (Jo kuch bole hai paigambar – whatever Paigambar said)
    वही कहा सब संतों ने (vahi kaha sab santon ne – same is said by other saints too)
    लेकिन उसकी मानी बदले (lekin uski mani badle – but the meanings have been changed)
    सारे भ्रष्ट महंतों ने (sare bhrast mahanton ne – by all the corrupt religious representatives)
    पंडित मुल्ला सब झूठे है (pandit mulla sab jhute hai – Pandit, Mulla all are liers)
    इनसे हाथ मिलना छोड़ (inse hath milana chhod – leave them, dont follow them)

    खुदा खलक से अलग नही है (Khuda khalak se alag nahi hai – God is not separate from creation)
    इसमे ही वो समाया है (isme hi vo samaya hai – God is within the creation)
    जैसे तुझमे ही पौषिदा (jaise tujhme hi poshida – as your own body)
    तेरा अपना साया है (tera apna saya hai – has its shadow)
    दुनिया से मत दूर भाग (dunia se mat dur bhag – do not run away from the world)
    बस मन की दौड़ लगाना छोड़ (bas man ki daud lagana chhod – stop running within your mind)

    पूजा पाठ नमाज़ जप (puja paath namaz jap – worship, Namaaz, chant everything)
    सब छलना और दिखावा है (sab chhalana aur dikhava hai – are show-off & cheating)
    दिल है तेरा साफ तो (dil hai tera saf to – if you heart is pure)
    तेरा घर ही काशी काबा है (tera ghar hi kashi kaba hai – your home itself is Kashi & Kaba)
    मकड़ जाल है ये सब जग के (makad jaal hai ye sab jag ke – this all is a cob-web)
    इनका ताना बना छोड़ (inka tana bana chhod – leave these framework)

    तू ही तो संसारी है रे (tu hi to sansari hai re – you are the worldly)
    और तू ही संसार भी है (aur tu hi sansar bhi hai – you are the world)
    कैदी तू ही, जैल भी तू ही, (kaidi tu hi, jail bhi tu hi – you are the jailer, you are the jailed)
    तू ही पहरेदार भी है(tu hi paharedar bhi hai – and you are the sentinel/guard)
    तीन गुनो वाली रस्सी मे (teen guno vali rassi me – a knot with these three attributes)
    अब तो गाँठ लगाना छोड़ (ab to gaandh lagana chhod – do not knot this rope)

    Specially in this I like the last bit (I would not want to write that in English, as the translation seem to lose the meaning –

    …दुनिया से मत दूर भाग
    बस मन की दौड़ लगाना छोड़…

    …कैदी तू ही, जैल भी तू ही,
    तू ही पहरेदार भी है…

    Whole world is created by our mind – we are the jailer, sentinel and jailed…

    Kabir Good read

  • Lesson from the Twitter…







    Twitter is a funny thing, at times, It teaches you some lessons unintentionally. This is what happened to me which made me think – am I writing what I feel is my opinion or I am writing what makes others feel good about my opinions? For a mere mortals – like I am – this question is of existence on twitter. So here comes my thoughts on survival on twitter.

    I wrote last month The Master is the Servant’s Servant. I remember reading this in the Book of Mirdad. Recently, I revisited this line – Master is the servant’s servant and vice versa. In this “virtually socially connected world” There is a new paradigm to looking at this saying of Mirdad.

    During Diwali, I purged my list of people I am following on Twitter. I unfollowed whom I thought I should not follow now. Similarly I looked at the list of people who are following me. I realized, that there was a time when I had more than 250 follower e.g. more than 250 people following me and getting my tweets on their timelines. Slowly this number had declined. Many people did what I did to few during Diwali ‘cleaning’! They simply “Unfollowed” me. So, I was wondering, how come I reached 250+ followers? I tweeted about 1. political opinions, 2. my view on economics 3. spirituality and 4. Business e.g. Intellectual Property Rights, Innovation, Startups, Entrepreneurship & VC/PE deals, Analytics, Big Data etc.

    Actually, many people followed when I tweeted what “sounded” good to their ears. Me being me – later on – I might have written something against those thoughts or something irrelevant to those followers – the simply went. No regrets – actually, that growing number gives you a false sense of pride – believe me it feels like that initially. I realized that ok – writing this or that makes people follow you. Should I start writing in this or that manner? I was getting in the trap of being salves of those few people who wanted to hear what suited most to them. Well, that was what making me servant (of others opinion) and them the master (of my owns opinion).

    So, it is a kind of question of one’s existence. cogito Ergo Sum (I think therefore I exist) or my thoughts echo with thoughts of the People therefore I exist (at least on twitter).

    Anyways the reality is – we are all interdependent and therefore the definition of salve and master is incorrect in itself.

    Disclaimer – I do not intend to demean those 1. who followed me, 2. later unfollowed me, 3. still following me 4. whom I follow, 5. I unfollowed and 6. I am still following etc on Twitter.

  • The Price of Inequality







    I have read Dr Joseph Stiglitz. He is a Nobel prize awarded economist. The book I read first was Globalization and its discontents and recently I started reading The price of Inequality.

    I realized that Dr Stiglitz may not be the so called capitalist economist, he is capitalist but with a touch of a Just and relatively Equal society. So, when I started reading “The price of Inequality” I started wondering what kind of wealth difference exist in the US. Since, I have never been to the US so the picture of the USA I have always created is – no poverty, everyone having enough and more to not only survive but also a lavish life, a home with front garden, a car parking (of course too), wonderful interiors of the home etc. This picture is largely because of the Movies we watch – on a lighter note Hollywood is responsible for that ;).

    Well, while reading the book, I came across a video on Facebook (watch below).

    [youtube=http://www.youtube.com/watch?v=QPKKQnijnsM]

    Though, some may argue this video is shared for more socialistic reform e.g. healthcare reform, but that is not the point of contention for me. Watch Margin Call to understand the point of view of the bosses of the investment banks – well to sum up “They do not care! Everything will be fine in sometime.”

    My perspective is not a fight on any economic approach e.g. socialism Vs Capitalism, I favor inclusive growth and I believe for achieving that we need to follow a middle path wherein a mixed approach be used.

    Read my previous blogs related to the book – Globalization and its discontents

    Blogs here

  • The virtue of Truthfulness







    Rummuser, Ramana Rajagopaul, is my friend, mentor and uncleji. He recently felt that I should read a book and sent it to me. The book is titled – Yoga in day-to-day life. This book is published by Sri Ramkrishna Math. Still reading the book and thought to share a story of this book. Chapter 2 first para.

    The young Kauravas and Pandavas were learning their first lessons. The Acharya pronounced the vedic text: Satyam vada, dharmam chara, (सत्यम वदा , धर्मं चरा) “Speak the truth, follow the path of righteousness”, and asked the pupils to repeat.Every one repeated. The teacher asked them to memorize the text. Next day, he asked what they had learnt from previous day. All pronounced: Satyam vada, dharmam chara, except Yudhishthira. Surprised, the acharya asked why could he, the eldest and the brightest among the one hundred and give pupils, not learn such a simple lesson? What Yudhishthira said in reply was an indication of his future greatness as the exemplar par-excellence of truth. He plainly confessed that he had not yet learnt to speak the truth. Others might have memorized the few words, but that certainly was not the purport of this short but profound precept: Satyam vada – speak the truth. Unless one speak the truth in day-to-day life, what use was it merely memorize a few words?

    Do not we do this often in our life, present something heard somewhere as your opinion, thought or brain child. Perhaps this blog – where I am taking the story of Mahabharat (published in some book). Is it plagiarism? I think many things of Indian origin are beyond petty Intellectual Property Rights!

  • Big data – lesson on spirituality







    I was talking to my MD – Dr Vivek Damle. I said, Big data is “relevant information provider” for real time. One cannot rely on old data generated by a person, say in 2010, for marketing strategy (I am writing this blog in 4th Quarter of 2013). The discussion went on a very strange yet lovely tangent, Dr Damle said – “… so big data would take us on the road of spirituality, is it? I mean to say – like suggesting us to live in the present!”

    I was impressed with this thought. So here comes the lesson learnt from spirituality and applied to the Big Data and vice versa.

    Big-dataBig data is all about volume, variety and velocity… so data generate say 2 yrs back is likely to be irrelevant for today’s marketing campaign. In coming days or say months – all analytics would move to the real time e.g. at the moment of truth. Spirituality teaches us this very simple lesson (difficult to apply in real life though) – “live in the present moment”. As Master Oogway says in The Kung Fu Panda – Yesterday Is History, Tomorrow Is a Mystery, but Today Is a Gift. That Is Why It Is Called the Present.

    I was thinking – is technology forcing us today to spiritual concepts? Or unknowingly are we moving towards concepts of spirituality through technology?

    Big data can help identify a persons choices and predict his or her future course of action… but what in case of older data? That data would have lesser significance. Take an example in India, Narendra Modi (PM candidate in India from Opposition Party – BJP) for someone was communal few years back now is a hope, why? because perceptions changed. Vice versa for Dr Man Mohan Singh (PM of India). Old data less relevance. If I talk about my owns example of last month – I was searching for rental apartment, not now. The data I created while searching for a rental apartment last month is irrelevant now. The marketing campaigns will be more real time e.g. the present not based on “Historical” data.

    Earlier in my professional engagement as a marketing analytics consultant, we made a predictive model. The client executed the recommendation more than 8 months later. result – failed. no one wanted to take the blame. That’s what is the case is in a fast moving world.

    Live in the present.

    For Business people – try to be more real-time data based decision makers.

    Image source – http://www.greenbookblog.org/2012/03/21/big-data-opportunity-or-threat-for-market-research/

  • Some other day







    I was traveling from Mumbai to Pune for some meetings, in my oblivion talking to my senior and looking at road. Suddenly I looked out of window – wow! I am crossing through a beautiful place. This is wonderful, the waterfall, its open you can look long distance.”

    That gaze was like just sit here for meditation; for those who enjoy involving themselves in some activities they can climb the mountain, trek or kick around their football or cycle in some planes. Those who want to party can take their cans of beverages and drink, eat and be happy.

    I have noticed this occasionally that we just overlook things around us. We are just rushing. Back in the car, I was really rushing to the client meeting, we started talking back about the problem, possible solution frameworks and all.

    At the back of my mind – the thought cropped up – some other day. We do not have time in our chore just to sit and reflect, or sit and do nothing or sit and just be thankful for what awesome things we have around – for example appreciate this place, sound of the waterfall, chirping of the birds etc. We pass our life thinking – some other day. That day rarely comes…

    Some other day – may be today?

  • Is religion another organized crime?







    Disclaimer – The below are observations, and the author feels that largely the problem is with the way religion and religious practices are followed or has become a fanatic theory.

    If ever you can win (or say find or please) God by following certain prescription of a book world would have been a different place – may be an utopia. Because hopefully the instructions would be as straightforward. Here the assumption is – algorithm would be as simple as what we used to write for making a cup of tea in our school’s programming class (about 20 years back).

    When I thought about the above, I had attack of Nairobi and Peshawar in my mind. In Nairobi people were ask what religion you follow rather than considering everyone as human. In Peshawar the attack happened in a Church (a place for prayers). One can not support terrorist attack in the name of religion; at least the few happening over last couple of years.

    Churches remind me of India where people are offered money to convert. No doubt, the churches have given opportunity to the underprivileged to go to school, have good healthcare service and some respect.

    If ever you can win (or say find or please) God by money, Forbes has recently released a list of 400 most richest people on earth. They could have find the God. Better is Govts can any day print more money to make everyone rich enough to find God.

    If ever you can win (or say find or please) God by your birth in a certain family there wont be a chance of others achieving the feat – enlightenment. As Indian political and – to fair extent – social structure developed.

    If ever you can win (or say find or please) God or be worthiest person to teach by selection process such as the way the Pope is selected democratically, politicians might have been the most successful people in the business of the God. Well, now a days religion has become more of a business and politics rather than a way to find God. And at best – a person can be democratically elected to represent people and not God.

    When I think of the other options, I feel spirituality or finding/pleasing/winning God cannot be either a democracy or privilege by birth or working in groups. Spirituality is more of an individual’s pursuit. Self-realization can largely be either hard work of individual or grace, I can not agree that killing, buying, voting or birth in certain family gives a person to be self realized. Is organized religion becoming like an organized crime? What are the other options?

    May be humanity, compassion and being at peace with yourself – because social harmony would start with individual’s peace of mind.

  • Inclusive growth







    We’ve seen that socialism had it’s problem, capitalism is no less culprit. I’ve been thinking about both together and have written about it. Regularly I asked this questions of how to two of my MBA professors – Prof Harkant Mankad and Prof Arun Ramanathan. Prof Ramanathan suggested me to read functioning of Nordic countries – heavy tax but less social security. Once I shared this logic –

    Socialism & CapitalismIf we look at both simultaneously we see some good and some not so good practices. Socialism had social benefit at center but execution sucked. On the other hand capitalism has profit at center and execution is better, and also capitalism largely never considered social good as one of the concerns.

    The very bird-eye-view (yes MBAs use this kind of jargon) solution could be – What is we bring social benefit and profit together at center and use execution efficiencies of capitalism around? The profit does not necessarily become – extracting whatever available consumer surplus is there with consumer. Take an example of social entrepreneurship, that is one good approach. Here, I do not intend to say every business should be like that. Also, yesterday I tweeted and updated on LinkedIn – If you want to be social entrepreneur, remember funder of social enterprise has impact in mind+heart & investing in head, so impact weighs higher! those kind of initiative can help in inclusive growth.

    I see that PPP – Public Private Partnership – can also be great boon for inclusive growth. However, greed has created more problem in the Indian context than giving us Inclusive Growth.

    Take an example of MNREGA, it has been failing, benefits are not reaching where they should. How can political parties be kept away from execution? Politicians asking for bribe in such cases is nothing but extortion. How about giving the executioner tax benefits to get involved in it and ask for accountability? Audit Done periodically by people (an independent body monitoring). The people affected and benefited can vote for continuation or stopping that company from involvement. So this can be kind of election on performance of NREGA.

    What I think is – people want a respectable life and not bread thrown at them condescendingly. Inclusive growth is possible when we think more like a combination of socialistic -capitalistic society.

    This way we’d be capitalist but in a socialist manner where besides profit, social uplifting would be a core of philosophy and growth.