Sunday, March 29, 2009

Book Review: Rich Dad Poor Dad

I came across this book in accidentally in the local library. I took it since it was recommended by one of my fr long time ago.

Even though many of the concepts like 'tax advantage of a corporation', real estate forclosure investment are already familier to me, I am certainly delighted with the ease of explanation and presentation.

Here are some of the 'simple' definitions will i will be remember for a while,
Asset: Puts money in your pocket.
Liability: Takes money from your pockets.

I did not even imagine cash flow statement and balance sheets can be easily demonstrated with
some simple diagrams. Its a must-read for anyone who wants to take to start a business and especially if its will be in the investment domain.

Sunday, March 22, 2009

Response to Article by Philip Stevans

This Article is a reponse to the Article by Philip Stephens in Financial Times dated 19th March 2009.
( http://www.ft.com/cms/s/0/92dbb440-14bc-11de-8cd1-0000779fd2ac.html )

First of all thank you very much for acknowledging the change in the global political equations.

China might be hesitent to challenge the existing powers, but we (Indians) are not. Espcially with power like America thats consistently undermines the credibility of UN.

Kashmir problem does not play any role (forget about vital role) in India's relationship with Pakistan. Your idea that 'Kashmir issue resolution will result in a stable democratic government in Pakistan' is nothing more than a fantasy. 'Pakistan' just one more example of a manifestation of Islamic intolelence towards non-believers in their 'Prophet'. Let me tell in simple words. Muslims can't be democratic. I have come to this conclusion after going over the entire list of muslim countries in the world.
(Refer: http://4mythoughts.blogspot.com/2006/05/can-muslims-be-democratic.html )

I dont understand how you classify India's Interests has 'narrow'. Let me quote Henry Kissinger's words 'People have principles and countries have interests'. This is the narrowest definition of foreign policies that i have ever come across. In my humble opinion, India should act ONLY to protect its interest and stop worrying about how it will be perceived by the west.

India will not support 'elevation of basic human rights above those of states' in UN. The reason is simple. Just like many other countries, in India the 'human rights' is the proganda mechanism supporters of Islamic Extremists and communists. Those who kill unarmed civilians, with bomb blast and automatic gun shootings can't be classified as humans, just because they have human body parts. They are lowest form of animals and 'human rights' dont apply to them.

Instead of wasting their time on NPT with India, the west should infact be working on preventing the dangerous 'Nuclear Walmart' run by 'Abdul Qadeer Khan' in Pakistan.

In response to global trade, India will sit across the table and 'talk Business'. you can't expect these negotiations as if East India company is ruling India. Coming to failure of Doha round, espcially issues of agricultural trade, India is an Agrarian society and will protect that. India is blessed by nature with maximum percentage cultiviable land out of available land. We (Indians ) are already One billion & we dont have to relay on any foreign farmers to feed us. It is not only in the Indian interests but also in the world interest. Last year when India decided to import wheat, it caused a rally in the world wheat prices.

Just one closing remark, unlike the current world powers, India is not just a country. Its a civilization. Its not just another civilization, its one of the worlds oldest and still the only living civilization. It has survived continous on-slaughts over centuries. India is raising again to the glory of its ancient past. Some countries might not see this raise espcially with their distorted scales. They might see India as a 'Slumdog millianare'. But, India will raise as great leader by the virtue of 'its own strengths'. In every aspect of national life Indians are working for it.