Saturday, December 12, 2020
क्या मेरी फ़स्ल हो चुकी? क्या मेरे दिन गुज़र गए?
Friday, November 13, 2020
Kitte Koi Ronda Hovega? !!
When I was young and naive, I thought that my life and experiences are so unique. But then, when I became old and naive, I understood that everything that I have lived through has been lived through and even written about by others. I found nearly all my experiences in some parts of the literature or the other. I think, in this blog only, I wrote some posts about that feeling.
However, as it was bound to happen, I grew up to become older and naive... And that is why, a few days ago, I realized it yet again. That my life is not only lived and written through literature. It is all around me. Sample this - can you imagine someone listening to some popular Punjabi pop songs and finding bits and pieces of their own life, dreams, and nostalgia in that? Serious pieces! Sounds ridiculous, right? Well, c'est la vie!
And if at this point you think that I am going to tell you those songs and resemblance I found... you are right! Or, on second thoughts, let it be! Baat niklegi to phir door talak jaayegi... Or as someone sang in a Punjabi song: Sadde Palle Vi Jo Rone Geya Pa... Kitte Koi Ronda Hovega!!
Saturday, October 10, 2020
जिस झोली में सौ छेद हुए ...
Friday, September 18, 2020
मिल जाये अपना सा पागल...
Friday, July 31, 2020
सुना है Sid साहब महफिलों की जान होते थे...
Sunday, July 26, 2020
The tiny pleasures of intelligent interactions
From the student, a single long message:
I came across something really cool and it'd be great if you could share your views from an economic and public policy point of view. So from what I came across, the reason for inequality in society is that wealth distribution follows a Boltzman Distribution, which makes the upper tail very long and drawn out, and the lower tail very crunched up. Which effectively explains the increasing economic inequality in society.
Furthermore, even if a society starts off from a paradigm of equality (a flat line), it inadvertently shifts toward a paradigm of inequality and the Boltzmann curve begins to form. A prominent case in point is Israel. (one implication of this is that inequality is inherent in nature - from a Darwinian approach it already is).
Now here's where my mind gets blown, the reason for the Boltzman curve is that the money multiplication paradigm works differently for rich people and non-rich people. Rich people have access to financial instruments that allow their wealth to increase exponentially (for example stocks, derivatives, real estate etc), but the non-rich depend on just their wages/salaries which are largely immobile.
So, my question is, does making the stock market more accessible to the poor (coupled with imparting financial knowledge to the poor) solve the problem of inequality to a certain extent at least in theory?
From me, 4 long messages (I give such long replies so that people don't bother asking more).
Boltzmann distribution works very well in physics. However, in economics, there are several caveats. Before that, one correction - increasing economic inequality in society is a grand leftist myth. What has actually happened is that from everyone at a very poor or sustenance level, everyone has become better off. Some faster than others but overall poverty has drastically fallen. Even the so-called poorest of the poor are far better off. For more nuances on that, you may want to read Hans Rosling's Factfullness.
Next, Boltzmann empirical correctness:
So in income distribution, it works well in moderate or middle-class income generation societies. However, in the very low (like sub-Saharan Africa) and very high-income societies, this may not hold. Something else, generically called power law, holds true for both ends of the society.
Coming back to moderate-income or middle-income societies, Boltzmann may hold. That is why, some middle-class people fall off the cliff and some become richer, based on the investment decisions (not only financial but also social, intellectual, networking, and time investments).
Now, the last bit of your observations -
1. Rich people have access to financial instruments that allow their wealth to increase exponentially (for example stocks, derivatives, real estate, etc), Not entirely true. The rates of return and the underwriting of the risk are often huge and while we may quote a few success stories, the failure stories are way more numerous. So how do they become or remain rich? Because the social network, knowledge, and institutional support that the rich can garner is far superior to what "poor" people can (good moment to think how your IIM degree throws you in a superior league suddenly and that is why it is coveted)
2. but the non-rich depend on just their wages/salaries which are largely immobile - again, partially true. A more correct reason is that they rarely ever generate any significant surplus to invest. They also fail to invest in knowledge and networks (or invest but the quality is poor). Think of poor, semi-literate, small-town people or people who spent their surplus in Lovely University. That decides a perpetuating of low returns.
Finally, your question-cum-solution:
my question is, does making the stock market more accessible to the poor (coupled with imparting financial knowledge to the poor) solve the problem of inequality to a certain extent at least in theory?
No. For several reasons, like lack of surplus funds, poor risk appetite (I can afford a 10% loss on my 30 lakh portfolio but they can't take 10% of their 3 lakh portfolio). Also, knowledge is less about how to invest and more about where to invest and at what time, how to compare returns, and how to time-value the money. Most people (poor as well as rich) fail in that.
Then what can be the solution? - Ask the right question!
If the question is income inequality, there needs not to be a solution at all. Some people ought to be rich, some poor, some middle class, and that is totally fine as long as everyone is law-abiding and ethical.
If the question is basic dignified existence for everyone, rich and poor alike, then the solution is possible but not easy. The solution is two-fold -
At the individual level - people, as well as government, shall facilitate income-oriented education and skill-building. Basic healthcare and health insurance should be universally available. Safety and security (law and order + disease-free) is jointly promoted by society.
At the systemic level - if you see closely, our systems fail the poor and keep them powerless. Like inefficient and over-burdened police, extremely entitled and inefficient judiciary, unlawful activities protected by the slumlords, mafia, politicians, and police alike, and many more, like poor public policymakers (keeping education and health in pathetic shape), and so on. Solution - Institutional modernization, meritocracy, and emphasis on performance matrices. If you want to read more, this falls under institutional economics. You may start with Why Nations Fail by Daron Acemoglu and James Robinson or with Ruchir Sharma's Breakout nations.
Monday, June 29, 2020
हमनशीं साँस फूल जाती है
Wednesday, June 24, 2020
That is my kind of love, I guess!
However, there is one special category, which is special because they are the love songs of emptiness, of loss, of loneliness. That is my kind of love, I guess! These are lovable love songs because there is no hope, no craving, no longing.... just some emotions, some faded memories, and an acceptance of loss. That is my kind of love, I guess!
These are the love songs that can be heard when there is no thought in the mind. These are the love songs that can be heard when all the thoughts rush back to your mind. Just listing some such songs here, in no particular order (with youtube links) and maybe, with a few favorite lines from the song too. Also, these are somewhat recent songs and I have not taken the old classics here on purpose.
Jhonka Hawa ka - Hum Dil De Chuke Sanam (link)
इक इक मेरी बातें तुमको, याद तो आती होगी ना
क्या तुम मेरे इन सब सवालों का कुछ तो जवाब दोगी ना ...
Jab Nahin Aaye The Tum - Dev (link)
जब नहीं आये थे तुम तब भी मेरे साथ थे तुम ...
Maana ke Hum Yaar Nahin - Meri Pyari Bindu (link)
नज़रों से ना करना तुम बयाँ वो जिससे इनकार नहीं ...
बात छिड़े जो मेरी कहीं तुम उसको भूल बता देना
लेकिन वो भूल हो ऐसी जिससे बेज़ार नहीं ...
Zehnaseeb - Hasee to Phasee (link)
तेरे संग जो न बीते उसपे ऐतराज़ है
इस क़दर हम दोनों का मिलना
एक राज़ है
लेना-देना नहीं दुनिया से मेरा बस तुझ से काम है
होना लिखा था यूँ ही जो हुआ
या होते होते अभी
अनजाने में हो गया
जो भी हुआ, हुआ अजीब
तुझे चाहूं बेतहाशा जहनसीब
Darya - Manmarziyan (link)
तैनूं खुदा मन्या ते तैनूं रब मन्या
कोई नहीं भुलदा यारा जीवैं तू है भुल्या ...
Samjhawaan - Humpty Sharma ki Dulhaniya (link)
तू की जाने प्यार मेरा मैं करूं इंतज़ार तेरा
तू दिल तुईयों जान मेरी
वे चंगा नइओं कीता बीबा
दिल मेरा तोड़ के
वे बड़ा पछताय्याँ अख्खां
नाल तेरे जोड़ के
Well, there are a few more songs but for now, let it be... I want to save some to sing to you when we meet... if ever we meet.
Monday, June 15, 2020
10 is just a one and a zero
The city was sleepy and rustic, mostly beyond reach due to lack of even hyper-priced taxis. The service standards were even worse. After Ahmedabad's luxury of home delivery and punctuality, Indore was a rude shock. Culturally, I was not expecting to meet Lucknow standards but well, let's say there were no standards to meet. So while city and life outside the campus was non-existent, the chances of an escape were even less because the flights and trains connectivity was non-existent.
So when I joined here, I was among the youngest lot, with not to great a difference with the age of students. In fact, many students would be of same or higher age. Particularly at MDPs (executive education for working managers) they were all much elder to me. Despite the apparent lack of authority due to age, I think I managed fine. Some of it was guts, some of it was foolhardiness, and a lot of it was sheer enthusiasm. I started with teaching PGP within a month of joining. In the very first year, I think I taught 3 major courses - Microeconomics, Business Research, and Trade & WTO. I taught many more courses in the years to come. A longish list would be too long but I can recall several variants of microeconomics, game theory, international trade, nature watch, Indian politico-economic history, and contemporary debates. In fact, I got to teach at several IIMs and even abroad.
But what was there beyond tons of classes? The so-called institution building activities? Those always turned into bitter bickering among the many seniors, leading to essentially randomly complicated and negative outcomes. In fact, when I joined here, it was a deadbeat campus. Too full of negative energy and too low on community feel. So pretty soon after joining, I started several activity forums. The first one was the nature walks, which were very enthusiastically joined by many. The second was a poetry club, which always remained small but had a loyal and strong support group. Next came a movie club with some screenings and talks. I also started a Vivekanand study circle. However, the last two didn't last long because of either lack of participation or lack of resources. I think I guided or advised or mentored (choose any word you may) many student activity clubs also - debate and literature and social work and nature club and god-knows-what! Nonetheless, the first two groups - nature walk and poetry - remained my signature for many years before I stopped myself. And why did I? Well...!
So when I was the over-enthusiastic always available extra-curricular God of everything faculty member, I was asked to do a lot many administrative jobs as well. Some small time committees, some coordination, and many big pain-in-the-wrong-places profiles, like hostel warden and so on. As an honest admission and in hindsight, I realize my mistake now. I think was too trusting for a selfish bunch, too eccentric for a bureaucratic structure, and too naive for a conniving system. I had frequent run-ins with the authorities, too many trust issues with students, and frequent tussles with the bureaucracy of the place. I gradually grew unwilling to engage with people, particularly when it could be avoided. I trimmed my portfolio of course offerings, stopped extra-curricular activities, and gave up on administrative roles. My final realization was that I am not a political person and I would drastically fail in diplomacy.
Nonetheless, I am not cribbing. I am happy. Because in the process, I made some good friends, some real good enemies too. While a lot many people left their good or bad imprints on my life, I know I changed at least some lives for good. And to me at least, that is what makes my career choice worthwhile. I am not sure how long will I be here, how long will I remain in the career choice, and given the pandemic, how long will all this world or me in this world would last. But as I complete a decade with mixed feelings - some happiness, some smiles, some gratitude, some complaints, some regrets, and some memories... I am not sure where I stand or where I go from here! It's like those lines from a favorite poem:
Wednesday, May 6, 2020
To myself, 5 or 10 or 15 years ago
What I answered doesn't matter but I got thinking if I would live the same life all over again or would I caution myself in some ways? What would I tell and how? And what if that sets a ball rolling for a completely different destiny? Among so many what ifs, I did want to write to myself from 5 years ago and from 10 years ago and from 15 years ago.
I want to tell myself to study harder, more sincerely, more rigorously. I want to tell myself to be more attentive in all those lectures, whether studying or teaching or attending. I want to tell myself to do more maths, read more history and psychology, and write more economics.
I would tell myself to be less social and less active in extracurricular spaces. To be more professional and less interacting with everyone. Less empathetic, less sympathetic. A bit more selfish. A lot more pragmatic. To teach a lot less. To publish a lot more.
I would also tell myself to wait. To have patience. To speak less. To listen more. To trust less. To think more. To not to rush in the relationships. And not to rush out of the relationships.
And I wonder then where would it leave me today? Would I find the love of my life the same way? Would I lose my life the same way? Would I still be writing this blog today?
Tuesday, April 7, 2020
उसकी याद का आना उफ़्फ़
Tuesday, March 31, 2020
Lockdown Days
Friday, February 7, 2020
Yesterday, DCH !
I somehow took a quick bath and dragged myself to the medical center. The doctor was more optimistic than I could afford at the moment. Anyhow, I reached my office by the institute ambulance and took a quick breakfast so that I can take the medicines the doctor gave me. After all, I had to take a 9 am class. I usually abstain from doing more than two impossible things before breakfast but this was some day.
And the ordeal is not over yet. But I don't want to bore you more with the bad stuff. Here is something good that came out of the whole terrible episode (wow for my positivity... and you thought I am optimist only in the long run). After the class, I had a warm sleep (warm because there was a hot water bag below my shoulder blade). And while eating lunch, I surfed and surfed and then, surfed some more to finally land upon an old old old movie - Dil Chahta Hai.
I thought I would watch it for 10 minutes or so until I finish my meal. But the nostalgia grabbed me for more. You see, DCH (as we called it fashionably back then) came in 2001. August 2001. When we were undergraduates. When Goa was a distant land. When those songs were our story. When life was full of dreams. When the artistic and serious Sid was real. When the flirty and confused Sameer was everywhere. When the prankster and perverted Aakash was around. And many more - Deepa, Tara, Rohit, Shalini, Pooja, Priya, Subodh.... they all were real. All were us. We were all of them.
Some names didn't mean anything back then. Yesterday they meant a lot different. Some ideas seemed strange back then. Yesterday they were a lot more understandable. Some events were really unexplainable back then. Yesterday there was no need to explain anything for a lot of that was lived through.
Yesterday, DCH was still our story.
Yesterday, the past was all alive.
Yesterday, I missed the yesteryears.
Thursday, January 9, 2020
2020 शायद !
कोई कहता था कि दिन गुज़रते देर लगती है, साल गुज़रते नहीं। २०२० आ भी गया है और 1/52 से ज़्यादा गुज़र भी गया। बाकी का भी गुज़रते शायद देर न लगे। पिछले साल कैसे थे, वो रोना तो बहुत बार हो चुका। लेकिन पिछला साल कैसा था ? ब्लॉग पर लिखना बहुत हुआ, बाकी कुछ नहीं लिखा। इस साल बहुत लिखना है, बस यही सोचा है। दिन गुज़र गए हैं बिना कुछ लिखे, शायद साल भी गुज़र जाए।
और इस साल का 1/52 भी अभी तक कैसा रहा ? भक्तिकालीन कवि कहते थे कि ये शरीर पिंजरा है और आत्मा पक्षी। आत्मा और परमात्मा का तो पता नहीं, पिंजरा ज़रूर असह्य होने लगा है। नींद गायब है, बेचैनी इतनी कि रात के ढाई बजे, ये बकवास कर रहे हैं।
जॉन एलिया कहते थे - ये मुझे चैन क्यूँ नहीं पड़ता ... और शायद इसी प्रश्न को हल करने गौतम सिद्धार्थ निकल पड़े थे तकरीबन ढाई हज़ार साल पहले, एक रात, ढाई बजे ! उन्होंने जो कहा, वो सबको पता है। हम जो कहेंगे, वो शायद इसी ब्लॉग पर लिखा मिले। शायद !