I am self reflecting in this blog. Every year brings everyone a new learning. I was once told by my friend,“ Instead of planning what to be done at the beginning of the year, let’s start reflecting the year went at the end. It will inform what you should do next year” We are in this world where constant education is a constant thing. We learn from books, blogs, videos, by observing others and sometimes good-hearted fellows will come and give you a suggestion.
Overthinking - Art of creating problems that didn’t exist in the first place. I wanted to do a job that I enjoy. We all do. But the challenge is figuring out what I enjoy. We are faced multitude of choices every day. The part I struggle when faced with a choice. What I enjoy ? Or Will it give me the satisfaction in long term ? Hard choices in life appear simple in its face value.
Past few months, I am working on changing few things in my life. I thought it is good time to document them and see down the line how they worked out. Did I persist with them ? What I learnt from them ? Notifications One I felt important to mention, is turning off notifications on my phone. It is the single influential change for me in recent times. I notice when I turned off notifications, I am picking up my phone less than what I am used to.
I work with leaders and I consider that a privilege to see them in action. I have worked with a lot of leaders from my present and past. Furthermore, I was thinking what made them to be in that position. Is it knowledge, or they know people or natural ability to lead or decision-making ? I am sure they are humans, and they are qualified to make mistakes. But what separates them out from the rest is their ability to do basic things with exceptional precision.
I was watching a cartoon series with my kid, and it was interesting to see a part where a tiger was questioning his father about all the things he is seeing from the car. The kid was curious and wanted to know all about things. Kid was a good observer. But as we grow up, we stop being curious and lack motivation to learn about anything. We are interested about saving money and taking care of problems at hand.
“I feel that I’m not entitled to have an opinion unless I can state the arguments against my position better than the people who are in opposition. ” - Charles T. Munger In this modern social media world, everyone has an opinion on everything. People argue to justify their position and belief. I would imagine what would world look like without arguments or dissents. But Arguments are essential to learn perspectives and to know we all don’t know a lot.
We call it peace of mind, but actually all we want is peace from mind - Naval Ravikanth I push myself to edge or point of no return. I encounter array of constant Zoom calls and meetings. My mind races to solve one technical problem after another. I get out of work to spend time with my family but hard to unwind. Mind still churning things from work. Pending tasks and things to prepare for tomorrow or an email I need to send.
I have my handful and far too many things pending in my to-do list. I am not sure where to focus. Let’s say 2 things in my to-do list like, Read the book that is sitting on my shelf for months Write the article for my blog These two to-do are from my current list. I am not able to pick which one to do first. Also, while doing one thing, I am thinking about the next on my list.
Successful innovators are conservative. They have to be. They are not ‘risk-focused’; they are ‘opportunity-focused. - Peter Drucker When Amazon reported a strong third-quarter revenue growth in year 2011, but indicated that they will spend more money to invest in continued growth, stock plummeted and traded lower at $181. Stocks was always bumpy when it came to Amazon in those years. It was due to the fact investors were derailed by short term results while company and its founder Jeff Bezos were playing long term game.
This is final part 5 of me documenting my journey into economics. In this I want to write about trade economics, generally called - Global Trade. Trade has grown so much in the past century, you can even define that it is an important development that has changed world. This integration of national economies has materialized into remarkable growth in trade between countries. World data from 2019 shows that trade openness (defined as country’s import-export as share of country’s GDP) has an average of 30% increased from 1950.
This is the part 4 of my economics journey series. You can read part 1, part 2, part 3. As I am summarizing my learning as a beginner here, I found growth theories more relatable than many before. This part covers the growth aspect of economics. So here we go with few definitions before we jump into theory. Key Glossaries Positive Economics - Branch of economics that uses fact-based approach to explain an economic model.
“Stability is unstable.” - HYMAN MINSKY Warning - This might be a boring part of economics in my opinion and it depends on how you see it. I personally love this part as it is the core in many respect. This is continuing from my Part1 and Part 2 of my journey into economics. Free Market Capitalism Understanding capitalism is key to understand many countries policies and growth. If you are working for a pay to maximize the profits for the owners, you are a part of capitalist system.
My Journey into Economics Part 2 - Classical Theories An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today. - Laurence J. Peter In Part 1, I laid out some key glossaries and here I want to write about some classical economic theories in a simple format. Obviously this is to offer a big picture to consume theory in less than a minute.
I have some basic idea of what economics is, mostly from reading news. Apart from that I don’t know much. I was asking to my ex-collegue on what is Stock and how to start investing. I googled a bit in parallel. He guided me into this journey. For me, stock is more of a practical way to learn the market. I learnt that I am not a theoritical person. You learn by doing is my way of learning a thing and read theory when you need.
“What you don’t know, you don’t miss” — Cecelia Ahern Do you say, “I don’t know”? We rarely say and if you observe it is mostly to our inner circle. It is the place you are not being judged. We feel confident when we are not constantly being judged. We all want to look good to others. Furthermore, we dress to impress and tune our body language to look confident.