Periods to Make Money - produced more than 100 years ago it correctly called the bubble top in 1999 and then the second peak in 2007. it predicts a bottom for the markets in 2012
(via laphamsquarterly)
Kakonomics and the elephant | Mint
Why is India considered a laggard in product innovation? Can this be changed?
I believe any attempt to credibly answer these doubts must consider a way of life that we are all familiar with, but didn’t have a term till now to describe it. This much-needed term, coined by Gloria Origgi, Italian philosopher of the mind, is “kakonomics” (the best translation of the Greek word “kako” is, well, “screwed up”)—the apparently strange preference for low-quality outcomes. Simply put, in a kakonomic transaction, both parties implicitly agree that both the product delivered and the pay-off will be low quality. Rationality—and game theory—suggests that in any exchange, people want to receive high quality pay-offs. In fact, even a man offering a low-quality product would prefer a high-quality pay-off— that’s what hucksters are about. But kakonomics is the triumph of mediocrity—low-expectation exchanges about which no one complains.
A succinct article by Sandipen Deb in Mint raises doubts on our ability to jugaad to propel us to the growth story we buy and sell these days.
Economies are made in bedrooms not markets!
Hans Rosling explains world population growth using mugs.
(~via Curiosity Counts)
