The Dutch tulip bulb market bubble is to this day one of the most famous market bubbles of all time, as well as a cautionary tale. It occurred in Holland during the early 1600s when speculation drove the value of tulip bulbs to extremes.
At the height of the market, the rarest tulip bulbs traded for as much as six times the average person’s annual salary.
The Tulipmania crashed spectacularly, plunging speculators and investors into economic ruin and despair. This colourful cast of characters includes Turkish sultans, Yugoslav soldiers, French botanists, and Dutch tavern keepers-all centuries apart historically and worlds apart culturally, but with one thing in common: tulipomania.
But is the current bitcoin bubble different from the Tulip Mania?
On one hand, we have a flower – a delicate and exotic Eastern import that had bewitched people alike.
And on the other, we have a cryptographically-secure, unhackable, decentralized, global digital currency that was specifically designed to mimic the properties of gold.
Do you still feel like this is a valid comparison?
The point where a Bitcoin (BTC) differs from a Tulip bulb is in how people derive value from both of them.
Tulips, at the top of their hight during the mania, were selling at the cost of a house. It is clear that intrinsically that tulips are not worth that much to anyone. The end user of a tulip bulb is a gardener or a person using it for adornment, both of which would not trade their house for a tulip. Once it became apparent to speculators that there was no real buyer for these tulips, they all tried to sell, thus creating a bust.
Currencies are unlike tulips in the way that they meant to not have intrinsic value. In that way, the US dollar or an Indian Rupee is also like Tulip mania. Intrinsically, the paper and ink a dollar or rupee is made with are worth hundreds of times less than what a dollar or rupee is actually worth. But thats ok because people don’t “buy” currencies for their intrinsic value, they buy them for their perceived value.
Bitcoin has a predefined amount of 21 million coins by design, while you could go and grow a billion tulips the supply is basically endless, thereby making a bitcoin scarce deriving it’s perceived high value.
So while the Bitcoins story may end up like the Tulip Mania story, in a bust, It could be for a different reason altogether. For Bitcoin to bust, it would need to “break” technically. Bitcoin will not bust due to its investors suddenly realizing it’s not intrinsically worth anything because they already know that! No currency is worth anything to anyone without other peoples perceived value in it.
So let’s wait and watch how the story unfolds. As for those who have already invested in it, this quote perfectly sums up their sentiments.
“It is difficult to get a man to understand something when his salary depends on his not understanding it.” – Upton Sinclair
Microsoftand LinkedIn sure have a lot of synergies.
Let me put forth some of the ways MS can leverage LinkedIn
1. Business Intelligence- MS can use LinkedIn’s rich 433 million data (although only 105 million are actual active users) for its’ CRM viz. MS Dynamics. A Dynamics user can now pull up LinkedIn information of his customers on the fly.
2. Microsoft products integration – It has 1.2 billion MS Office users.
a) LinkedIn profiles can now be integrated in MS Outlook email client. The next time you are emailing some one, you would be briefed shortly about the person’s professional profile. No need to lookup the person separately on LinkedIn.
b) LinkedIn news feed can now show articles based on the project you are working on; since you are connected to MS Office suite ( Word, Excel, Powerpoint, Project) or Office 365
c) MS Office can suggest an industry expert to connect with via LinkedIn to help with a task you are currently working on or suggest to enroll you for a Lynda online training course (Lynda was with LinkedIn).
Needless to say, through this acquisition new opportunities will be created for monetization through individual and organization subscriptions and targeted advertising as well
1. For the love of your own life, Don’t smoke. If you’re already smoking. Quit. The excuse that work stress made you do it, is not worth it.
2. Get exercise to be part of your daily routine.
3. Focus on quality not quantity
4. Food/Beverages: Learn, experiment, try out, taste all different types of foods. You eat 3 times a day if not more. Everyone on Earth follows the same routine, get to know food and you can break the ice in so many situations. Besides, its very tasty!
5. Cooking. Learn it. Its fun. You will get to enjoy food more and the company that comes with it.
6. Learn about Finances. Even if it might be boring, learn about finances. You must be able to calculate your own tax and pay your Income tax returns. To make money, you need to understand money, unless you are very lucky (which very few people are .
7. Start saving. Get into the habit of tucking a few Rupees every week. Try to build up savings for a rainy day. Remember, Inflation and Time Value of Money are greatly going to affect your quality of life in the future. If you do not know about either ‘Inflation’ or ‘Time Value of Money’ , Refer point no. 6
8. Invest in property. As early as you can. Property in the long run, will always give you a profit. Besides, you never know if you could afford that 2BHK in the future you have been eyeing for a long time.
9. Don’t get caught up in self-pity
10. Be Happy in whatever you do. If you’re not, why push yourself through it (be it life, work, personal relationships, hobbies, etc.)
11. Read. Read as much as you can, especially History and People. So many things will make sense to you.
12. Love the Outdoors. The more you are out and away from your desk, the greater the chance of enjoying life and meeting up with people (accidentally and/or by choice).
13. Dress/Attire. Learn to dress well. It pays back in multiples in life.
14. Frugality. Learn it early enough in life. You’ll thank yourself later on in life.
15. Management: Learn and read up as much as you can about being a Manager, Management Techniques, etc. Even if they may not be applicable to you right away.
16. Deliver on your word. For your word is worth more than your weight in gold.
17. A long time from now will be now really soon.
18. Reading about science is much more fun than I thought.
19. Make sure you are doing the things you want to do, because at a later age you might not be able to do it any more.
20. If you are unhappy about your job, try to find a better one. You’re going to spend a lot of time at work.
21. Make sure you can be happy on your own, your relationship might not last. And if you are happy on your own, you will have more fun together.
22. Don’t care about what people say. Do care about what friends say.
23. You can take more life risks now than you probably ever will be able to again. Your whole life is still ahead of you, and most of the life choices you’ll make at this stage aren’t necessarily permanent.
24. No opportunity is worth being taken advantage of.
25. It’s totally cool to go back to studies/ college/ university if you need to. There’s no shame at all in picking up new skills.
26. Spend at least a year living and working in a foreign country. It’ll change the way you look at everything.
27. Money does actually matter, sadly. Try and have some kind of cushion: it’ll come in handy if things go wrong, but it’ll also come in handy for experiments.
28. Read every contract before you sign it, and always think about what it means in the worst case scenario. (Seriously.)
29. Find happiness within yourself, not from other people, and certainly not from things. Unhappiness leads to terrible choices.
Related: know that your own value is no less than anybody else’s (but, conversely, isn’t more than anybody else’s, either).
30. Keep your body healthy. It might seem indestructible now, but it won’t, sooner than you think.
31. Don’t be tied down by cultural norms, traditions or what everyone else is doing. And flatly ignore your fear of missing out.
32. Be impeccable with your word. (I try not even to tell white lies. Sometimes it is hard to tell the absolute truth but I have noticed an improvement in my relationships and a lessening in anxiety since I adopted this rule.)
33. Don’t take anything personally. (The hurtful things people say nearly always have far more to do with their own unhappiness than anything else.)
34. Don’t make assumptions. (Don’t assume you know what someone is thinking or why they’re acting like they are. Ask and you’ll nearly always find out that your assumption was wrong.)
35. Always do your best. (Realizing that your best one one day is not as good as your best on another day.)
36. The best time to take a risk, you can leave a high paying job at this age and try to do something which maybe you will not be able to do later.
37. Instead of just joining a gym, which is more difficult to stick onto, join a sport too, that ways you will be more motivated to take care of your body.
38. If you are planning to start something of your own at this age, you are probably going to fail the first time, but you are probably going to be successful if you stick and work on the aspects you failed at.
39. Don’t be a hedonist. If women, alcohol, gambling or even eating out frequently has become your only tools to happiness then it’s time to change.
40. Sort out the things that pull you. If there are people, past mistakes etc, that are pulling you, making you anxious then it’s time to sort them out and let them go.
41. Don’t judge people by what they say, judge by what they do.
42. Make good friends, the ones who will stick during bad times. And remember not to rely on people for happiness.
43. Health. Take care of your body now and you will have to spend less on fixing it later. Eat healthful food, workout, and stay away from the typical vices – your body will thank you later in life.
44. Be careful who you surround yourself with. Be careful what you choose to close an eye to.
It’s not just a movie. It’s your andaz (style) of living.
17. When you hear the song , “Papa kehte hain bada naam karega” instead ofthis:
Aamir’s ribbon cutting of the lock up scene comes to your mind.
16. You can’t be friends with someone who hasn’t seen the movie. After all, how can you hang out with someone who doesn’t get your Andaz Apna Apna references. Is there even a point in having a friend who doesn’t laugh or complete your Anadaz Apna Apna dialogues?
15. For you Robert & Bhalla are a cuter couple than Robert & Bella
14. When someone talks smack about the movie, you’re genuinely insulted.
13. When someone asks how was your interview, your reply is:
Hona kya tha? Unka ek ek sawal humare do do jawab, sawal ek, jawab do, sawal ek jawab do, sawal jawab, sawal jawab….chup lambi khamoshi.
12. Whenever you ask someone to sit behind you in a two wheeler, you say:
Uncle aap peeche baithiye…par phir main chalounga kaise?
And when someone asks you to sit behind him you say:
Chup kar…neeche utar…godi wale
11. You see bread & omelette and you think of:
Bread ka badshah aur omelet ka rajja BAJAJ…humara bajaj
10. You can’t say “Dil ki baat” without first saying ”Pet ki baat”
9. You own this:
8. Can quote any dialogue from the movie without fumbling, no matter how complex it is.
“Jab tum Prem se milogi, toh Prem ke prem mein prem deewani ho jaogi … meri premika”
7. You’ve watched this movie so much that you honestly believe that Crime Master Gogo is indeed Mogambo’s nephew…. And if people tell you differently, you just laugh at them.
6. You’ve topped every Andaz Apna Apna quiz. You can even answer the questions like:
Asli Heere Kaunse Bag Mein Hain? Kale, lal aur Hare?
5. When you make a mistake, your explanation is:
Galti se mistake ho gaya
4. You can’t pick one favorite character from the movie. Whether it’s Amar, Prem, Teja- Bajaj, Robert-Bhalla or Crime Master Gogo you love them all. Truly, deeply & unconditionally.
3. You’ve seen the movie more than 10 times & you still laugh uncontrollably.
2. You use these catchphrases in everyday life
Sab Cheez Time To Time Honi Chahiye
Haath Ko Aaya…. Mooh Na Laga
Aakhein Nikal Kar Gotiya Khelta Hoon
Gum Ka Saathi Rum…Par Iski Adat Mat Dalna
Teja Main Hoon Mark Idhar Hai
Crime Master Gogo Naam Hai Mera, Aaya Hoon Kuch Toh Lekar Jaunga
Jitna Tha Sab Laaye Hain…
Do dost ek pyaale mein chai peeyenge isse pyaar badega
Bhabi hogi teri, Shaadi hogi meri
Balki main Toh Kehta Hoon Ki Aap Purush Hi Nahin Hain…Aap Maha Purush Hain…Maha
Baal Kate Bhi Hain Aur Pata Bhi Nahin Chal Raha Hai
And the #1 Symptom of your Andaz Apna Apna Addiction is:
1. You still get into debates over Raveena kaun aur Karishma kaun?
A Study found that two thirds of the world’s hungry live in just seven countries: Bangladesh, China, the Democratic Republic of the Congo (DRC), Ethiopia, India, Indonesia and Pakistan. In India, 210 million people ( 18% of the total population) are undernourished.
“You can find Calcutta anywhere in the world. You only need two eyes to see. Everywhere in the world there are people that are not loved, people that are not wanted nor desired, people that no one will help, people that are pushed away or forgotten. And this is the greatest poverty. “– Mother Teresa
Our planet produces enough food to feed its more than 960 million undernourished people. The basic cause of global hunger is not underproduction; it is a production and distribution system that treats food as a commodity rather than a human right.
Coming back, Had a family dinner in a good restaurant yesterday. Of course we had a special reason to celebrate@!
In our enthusiasm ,we ordered more than we could eat….. everybody was full to their hearts content.
Settled the bill. excess food…???? somebody said ..hey get it parceled for Tommy at home ( cliched name for a dog, isnt it? but that’s the way it is!)
So we take the parceled dog food,jump in to the car and drive away.
5 mins and we are the traffic signal. arrgh…this signal is taking a lifetime.
Just then, I look to the left on the road side to find… street children everywhere — at every intersection, in every railway station, every tourist spot — 18 million in total across the country.
We now clearly see the scruffy kids who beg, steal, shine shoes and smear car windows in an effort to make a few rupees.
And then the realization dawns upon me- how lucky i am – to live, to eat, to stay with people i love and people who love me back.
We can all make change, no matter how young, overwhelmed, busy, or broke we might be. Sure, we can’t all go out an start our own orphanages right now — but for starters, we can do small things like this. Like donating your old school dress, shoes, clothes you find you won’t be wearing anyway, food if possible.
Doing simple acts of kindness not only makes you feel all warm and fuzzy, it helps others to feel worthy. It also motivates them to want to pay it forward.
So when are you giving some one a little parcel of happiness ?