tag:blogger.com,1999:blog-4740849900073154554.post2543056217612148535..comments2023-08-25T17:30:36.937+05:30Comments on Business Musings: I don't want to win a lotteryRameshhttp://www.blogger.com/profile/11782192840421019943noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-4740849900073154554.post-13788930884492020602013-05-05T23:35:58.183+05:302013-05-05T23:35:58.183+05:30@Reflections - I have a particular affinity for th...@Reflections - I have a particular affinity for this lady and take great pleasure in needling my Bong friends that they voted her :)Rameshhttps://www.blogger.com/profile/11782192840421019943noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-82090045038533202852013-05-05T19:47:19.041+05:302013-05-05T19:47:19.041+05:30Hahahaaa....the post itself was illuminating but u...Hahahaaa....the post itself was illuminating but ur desciption of the lady had me in splits;-D. Your irritation and inability to personally do something abt it err her shows so clearly...heeehahhaaaaa;-D.<br /><br />Even here in Dubai there are a lot of schemes going on...the H even joined one to get some guy off his back[I simply don't get tht even now...why cdn't he just say a firm NO;-/]. I echo ur sentiments...'but ofcourse there is no substitute for good ole hard work':-)Reflectionshttps://www.blogger.com/profile/07306120391459083770noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-45640645295188383412013-05-03T22:48:45.746+05:302013-05-03T22:48:45.746+05:30@Kiwi - Brilliantly said. That surely has to be t...@Kiwi - Brilliantly said. That surely has to be the last word<br /><br />@Exkalibur - Amen to The Million Miler indeed. Rameshhttps://www.blogger.com/profile/11782192840421019943noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-39982619437250821722013-05-03T17:37:03.282+05:302013-05-03T17:37:03.282+05:30Tend to agree with the Million Miler and have felt...Tend to agree with the Million Miler and have felt the same in my limited experience as well..<br /><br />Exkalibur666Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-29985870040747956502013-05-03T15:26:07.657+05:302013-05-03T15:26:07.657+05:30funny eh! the guy who is supposed to invest my mon...funny eh! the guy who is supposed to invest my money and get me rich is called a broker. Can I trust him not to get broke? There is no substitute for hard work - seen them all, teak farms, emu farms, timeshare holidays, real estate pre launch offers, chit funds, UTI, couple of gujjus who go by the name Mehta and Parikh. None of these have beaten my money making scheme, which is to do whatever job you are doing to the best of your ability and not to become a fossil.The Million Milerhttps://www.blogger.com/profile/15613846231988591032noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-61200277474461300902013-05-02T08:50:50.719+05:302013-05-02T08:50:50.719+05:30@Gils - The less said about the property sector, t...@Gils - The less said about the property sector, the better. There is little in it to say even a remotely kind word.<br /><br />@Sanjay -0 Understand your view, but I think its misplaced sympathy. The really poor do not invest - they have nothing to invest. So its the middle class that is really affected. Much of this sector is actually risk averse , since the marginal utility of money is huge for them. It's the irresponsible punters in this who take such wild risks - the vast majority will have nothing to do with such schemes. If you bail out the punters, then the message you give to the careful folks is that they are idiots. By all means, take action against the originators of the Ponzi scheme - throw the book at them. But don't bailout those who lost.Rameshhttps://www.blogger.com/profile/11782192840421019943noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-53660040952424909742013-05-01T18:41:37.361+05:302013-05-01T18:41:37.361+05:30Ramesh,
I beg to slightly differ here. I believe m...Ramesh,<br />I beg to slightly differ here. I believe most people who invest in these schemes are not literate enough to perhaps make judicious decisions. The fund owners portray a perception of glamour, of having rich assets and more often that not political backing. I also think people are forced to join some of these schemes due to political goondagiri. <br /><br />I agree that people who are literate and invest in such schemes should not be reimbursed, but otherwise folks who do are not literate to make judicious calls or who were forced to part with their money should be given consideration... Sanjay Balachandranhttps://www.blogger.com/profile/07962362448349011124noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-51461342410980322682013-05-01T17:19:34.257+05:302013-05-01T17:19:34.257+05:30for such a fake industry its called real estate!!!...for such a fake industry its called real estate!!! ennaa koduma thala ithu...I once asked my birend in hat estate...epdida oru area rate fix panreengannu..he didn't answer...suthi suthi I wanted to get an answer...I never got one...vaaiku vantha number solida vendiathu pola!!! how come same apartment..under construction building..same floor...oru flat 2500/sqft..pakkathu apartment 2750...that too in weeks span!!! yaar decide panra itelaam!!!!gilshttps://www.blogger.com/profile/03259194565523548553noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-37596029234140283772013-04-30T18:51:05.954+05:302013-04-30T18:51:05.954+05:30@sriram - The bank bailout issue is a little diffe...@sriram - The bank bailout issue is a little different, although I see your point. This one is plain greed and idiocy and the lady bailing out those who lost is one of the worst forms of populism.<br /><br />@Asha - Oh yes, there are lots of such traps. Unfortunately neither wealth nor education seems to be a defence against the temptation to get rich quick. Neither is the name Ramesh a defence against crookery :)Rameshhttps://www.blogger.com/profile/11782192840421019943noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-86512618036166361192013-04-30T17:52:12.921+05:302013-04-30T17:52:12.921+05:30Completely agree with you. It is really crazy how ...Completely agree with you. It is really crazy how people want to make short term gains and become rich overnight. <br /><br />It happened in my own condominium. A man had invested all his life savings in this person's online enterprise and thought he would reap huge profits.They were such good friends and they were from the same community and we thought they were relatives. He even recommended many of us (his co-residents) to invest. <br />One fine day, the man ran away with the loot and is now on the police radar. Funny thing is the man who invested is one of India's leading furniture dealer and runs business even in Dubai.How even the most intelligent slip sometimes. Now with 3 grown up children, he is repenting. <br /><br />There was one with your name too ' Ramesh Cars' in TN and another teak farm just like emu farm. There was the gold quest. Oh god! so many out there.Ashahttps://www.blogger.com/profile/01853943313848326731noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-88679095868731502732013-04-30T07:25:41.879+05:302013-04-30T07:25:41.879+05:30Hey, hold your horses, buddy ... in my blog I refe...Hey, hold your horses, buddy ... in my blog I refer to the higher education business that I am in as one heck of a "legalized" ponzi scheme ;)<br /><br />really, emu farming? in Tamil Nadu? when I get some free time, I will try to read up about that ... emu? seriously? in TN?<br /><br />yes, get rich schemes are so tempting, right? what I don't understand is the government stepping in to bailout the people.<br /><br />That is not how it works in my country. <br /><br />Here in the US, the government only bails out too-big-to-fail banks that came up with quick rich schemes that failed while dragging down even people in Iceland, who ought to have known by now how a rotten fish would smell! and, those schemes also screwed up those who didn't invest a penny in those schemes ... <br /><br />so, hmmm, it looks like the Indian government is better than mine ;)Sriram Khéhttps://www.blogger.com/profile/06724218458246880137noreply@blogger.com