Category: Quotes

I want to close with a story about my great grandfather. He was a man of little wealth who still managed to give every single day of his life. Each morning, he had a ritual of going on a walk — and as he walked, he diligently fed the ant hills along his path with small pinches of wheat flour. Now that is an act of micro generosity so small that it might seem utterly negligible, in the grand scheme of the universe. How does it matter? It matters in that it changed him inside. And my great grandfather’s goodness shaped the worldview of my grandparents who in turn influenced that of their children — my parents. Today those ants and the ant hills are gone, but my great grandpa’s spirit is very much embedded in all my actions and their future ripples. It is precisely these small, often invisible, acts of inner transformation that mold the stuff of our being, and bend the arc of our shared destiny.

On your walk, today and always, I wish you the eyes to see the anthills and the heart to feed them with joy.

-Nipun Mehta in his graduation speech to students of UPenn

“When the history of the Indian economy is written two decades from now,” says noted economist Bibek Debroy, “we will look back at the 2004 to 2014 decade as one that was just as damaging as mid-1960s to mid-1970s, if not worse.”

Things are looking challenging both globally and locally, but it is risky to be bearish on the market at these levels. While the index is down about 25% from its peak (in 2008) there are many frontline stocks which are quoting at five-year lows. There is so much pessimism about the (domestic) policy and macro environment that the slightest of positive development could spark a big rally-

says Lakshmikanth Reddy, Executive VP and Head-Equity, ICICI Prudential Life Insurance

“There is just no money to be made in the market.Its like squeezing blood from a stone.”- broker Ramesh Damani said in an interview

“Only one Wall Street CEO’s balls can be in a vise at a time” and right now it’s Jamie Dimon’s turn.-old Wall Street Saying