Continues
from the previous post -
Here I wish to give
an example of notable financier Warren Buffet of USA. One smart
player could convince him of his arguments and told him that if he
invests the way his arithmetic formula suggests, he will make big
profits. Mr. Buffet invested on that and suffered loss. Not one time
but repeatedly, he finally stopped working as per that formula and
reverted to his own intuition as he used to do before. This Warren
Buffet told in one of his speeches. One university-trained economist
approached him and told him to invest in stock market as per the
finding from these formulae. Warren Buffet had never used them in his
many years of successful practice. He decided to give him a chance.
After some investments, he realized that most times investments went
wrong and he suffered big loss. He then stopped working on those
formulae. Warren warned the audiences in that meet to be aware of
these formulae. This
experience of notable investor we must consider before giving these
imaginary formulae undue importance. I
request our Indian universities to understand this limit of these
formulae and while teaching them students made aware of that. Gambler
group takes full advantage of this and keep fooling market. Our
present economics world over is suffering from these wrong formulae,
this must stop. American universities are creating many wrong
theories and force people world over to accept them and worst part is
that today we consider that anything American is perfect. They take
worst advantage of that bias. We should understand that universities
in USA are not that perfect, at least as far as economic science is
concerned. I am of the opinion that if we stop this group from
fooling world with their false theories we will save this world from
all depressions and inflationary effects on our markets.
Black market –
Black market means where sells are done without paying indirect
taxes. Earning created by them is not accounted for in actual books
of accounts. This group is much like money launderers insist for
reduction in interest rates and join hands with those cronies to
pressurize finance Ministry to force banks to reduce interest rates
so that they get money to indulge in their nefarious economic
activities at lowest rates of interest. All show they create with
help of their smart economists that what they suggest is in
accordance with the utmost (?) economic principles. A less alert
person can be easily taken for ride and misguided. This ultimately
leads to reduction in interest rates on bank loans and they benefit
by that. A lot of black money they create out of that easily
available money. This unaccounted money they use to purchase people
in power and other influential people who would be of use to them in
their financial activities. They create a big crony circle of stakes
in political and other social media circles and by that; they can
influence economic activities of the society. This is the most
dangerous group to our economy. Smugglers come in this group. They
are stinking rich; their being rich is a problem to honest society.
Continues
in the next post –
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me on my Email ID given below,
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visit my other blogs
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Kothare,
http://ashokkotharesblog.blogspot.com/
for stories
I
reckon,
http://kotharesviews.blogspot.com/
for philosophy
You
may visit blog, Ideas
and tips on any subject,
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for intelligent discussions.
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