Convincing Ourselves

The below discussion was a result of an argument between me and an Indian nationalist on Quora.  This might be considered controversial, however, I feel facts or more important than nationalist feelings and propaganda.  Feel free to leave a comment. In my discussions with many Liberal Indian Nationalists, I have come across a sort of victim mentality and bitter resentment towards the British Raj on the subcontinent. The 'complaints' are of two nature in my experience. The first is that the 'Indian Subcontinent' was looted and it was this money that financed the Industrial Revolution in mainland Britain. The second is that if the British had not 'looted' the subcontinent, it would have been a far more developed and prosperous land. More conservative Indian religious nationalists also make a similar argument against 'the Muslims'. However below I am only going to discuss the claims against the British. To begin with, it is important to understand that when...

  We know high performers, in the field of management, sports, art, academia and other crafts, have to go through a considerable level of daily stressors. In fact, it is often thought that stress and anxiety are inevitable when achieving high-quality results in a competitive environment, especially one where the margin of error is small or there are time constraints.   This is a common stream of thinking, in high-performance fields as well as everyday perception. We have all seen Gordon Ramsay screaming at his staff when things go wrong at a Michelin starred restaurant. We have seen Serena Williams erupt into a bullying frenzy when she lost. We all know of stern bosses who have no problem in confronting and resolving problems, even if requires a considerable amount of screaming.   But the question is, is that how one is supposed to feel in a high-performance situation? Is there a correct ‘feeling to feel’ in a high-performance situation?   Well, as is usually the cas...

      I have been reading about luck and probability and its part in the equation for success. We have all heard the age-old phrases of how ‘successful people create their own luck’, or ‘the harder you work, the luckier you get’ and even ‘luck favours the prepared’. But can luck actually be created? Well yes and no. There are two things overall involved in making ‘chance work for you’. One is about positive reframing so that you feel lucky and the other is to get the odds in your favour. In fact, both of these feed into each other as well. Lets break it down.     Reframing the past events Our past has lead us to our present. Many view their past as a series of events that were partly random and partly by design. When we reframe our past as ‘good luck’ that has brought us to today and recognize how our life is better than it was yesterday, you suddenly loose the cynicism and embrace a kind of gracious attitude towards life. Not only does it make one happier, but ...

  I was about to buy this book that I came across, Atomic Habits: An Easy And Proven Way To Build Good Habits And Break Bad Ones By :  James Clear The title of the book if obviously catchy and I was about to buy it, HOWEVER, I went through a few Amazon reviews and found out that this book is probably one of those 'filler books', with an ounce of knowledge spread exhaustively across approx 2-300 pages. The idea of 'Atomic Habits', is simply what every Behavioural therapist or CBT practitioner already knows. Taking baby steps towards a particular goal. The idea is that a) sometimes that's all it takes b) its a precursor to a bigger change which itself can seem challenging. Now the idea of taking baby steps is nothing new, and there are many variations on the idea as well. Some emphasize the frequency of practice eg a daily practice if one if a singer to practice that increases in intensity in order to create a new lasting habit. Then there is the idea of 'derailin...

This post is based on a thought I had after listening to Bilal Hafeez on his last appearance on Bloomberg, talking about the impact of the coronavirus on the markets. I am not an expert in finance by any means and Bilal is essentially a veteran of the industry. He discussed what many others before him have spoken about as well. Algorithmic trading is now a massive part of global financial markets and trading. The thinking goes that because machines are doing a lot of trading, it is possible that they will make irrational mistakes and make the market crash eg during the recent Coronavirus incident. Modern Algos: Algorithmic trading is essentially now mainstream. The biggest and most successful of fund of them all is the legendary Madallion fund run by Renaissance Technologies. The fund uses leverage but is capped and not open to outside investors. It is arguably the most successful fund of its size. However, RenTech and its many funds are not the only players. Citadel is als...

                                               Magic The legend of the magic lamp was very famous around the Baghdad bazaar. Tribesmen, tradesmen, women and children, everyone has heard about the magic lamp buried somewhere in  the desert. Anyone who possessed the magic lamp, would be able to command the genie to do anything they wanted.  It was rumored that the magnificent palace of Baghdad was built by the genie of the lamp when the Sultan possessed the lamp. The lamp was lost by the Sultan during a battle in Mosul. He searched for it for a 100 days and nights and returned empty handed from that battle. It is believed that the lamp is still buried somewhere in that desert.Many had tried to search for it themselves, wasting away time, money and energy, but never found it. Ali Shah was just another boy. He used to hawk oil lamps in the Baghdad ...

There is no magic formula to success. We need to work harder and smarter and then there is luck/chance/right place right time. We can not do much about luck but we can surely work on everything else. There are many people who want to be successful in a certain field, but for some reason cant get themselves to be the best. What can we do? Well, as always I believe it is all about convincing ourselves of various truths and realities that we usually ignore. Step 1-Know what you want The first step to being good at something is to know convince yourself that this is something you want to be good at. I once wanted to do a PhD, but my proposal was never accepted. After getting rejected several times I realized that as much as I wanted to be 'known' as a good academic, it is not something that I really wanted to do. I believe I might not have even finished my PhD as I probably would have gotten depressed in between.  To be good at something, we need to give a lot of effor...