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The law catches up with Subrata Roy

“You have driven everybody round. From day one restraint was ours.You indulge too much in hide-and-seek. We cannot trust you any more,” the Supreme Court Bench said, adding, “there is no escape for you and the money has to come.”-from BL

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Scott Adams on Luck

“If you drill down on any success story, you always discover that luck was a huge part of it. You can’t control luck, but you can move from a game with bad odds to one with better odds. You can make it easier for luck to find you. The most useful thing you can do is stay in the game. If your current get-rich project fails, take what you learned and try something else. Keep repeating until something lucky happens. The universe has plenty of luck to go around; you just need to keep your hand raised until it’s your turn. It helps to see failure as a road and not a wall.”-wrote Scott Adams

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Folk adage on Lakshmi and Saraswati

There is a folk adage: in good times Lakshmi walks towards us and Saraswati moves away from us while in bad times Saraswati walks towards us and Lakshmi moves away from us. -by Devdutt

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Jignesh Shah to Investors:Ask Lord Balaji

“I strongly believe I have an equal responsibility to FT minority shareholders. At the same time, we understand the pain of the investors and I am going to have a dialogue with the NSEL Investors Forum. Please understand that this company should not be judged by NSEL.

And, if we can get any support from the government, it will be desirable and I fully understand the government’s stand — it’s an unregulated exchange and you all know that we have been a victim and the fraud has happened, whatever it is.Soon, we will come out with a formal paper” Jignesh Shah said.

On how much time it would take to set things right, Shah replied: “You have to ask Lord Balaji. What I can say is we want to focus. The more of a combined force we are, we will be able to recover. First, I will meet the investors’ forum. My individual thoughts may not be of that great importance; let us be institutionalised.”-from BS

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Ray Dalio:Why successful students fail in life

“I believe that our society’s “mistakephobia” is crippling, a problem that begins in most elementary schools, where we learn to learn what we are taught rather than to form our own goals and to figure out how to achieve them. We are fed with facts and tested andthose who make the fewest mistakes are considered to be the smart ones, so we learn that it is embarrassing to not know and to make mistakes. Our education system spends virtually no time on how to learn from mistakes, yet this is critical to real learning. Asa result, school typically doesn’t prepare young people for real life unless their lives are spent following instructions and pleasing
others. In my opinion, that’s why so many students who succeed in school fail in life”.-Ray Dalio