Wednesday, June 19, 2013
Sunday, June 09, 2013
Beware .. US spy agency is watching you
- Chellamuthu Kuppusamy
Perhaps facebook (and therefore the US surveillance
agencies) have more personal data of Indian citizens than few government agencies
in India. This is perfectly vouched by Barack Obama, ‘ "You can't have a hundred percent security and also then have a
hundred percent privacy and zero inconvenience. You know, we're going to have
to make some choices as a society.’
The movie Enemy of the State is about the National Security Agency of
the United States. The recent news item indicates that the personal details of
people around the world from google, facebook and the likes are accessed by NSA’s
spying program PRISM that has direct access to customer personal details. CEOs
of Google and Facebook have denied the charge.
The US agencies, any intelligence agency for
that matter, is capable of accessing data from the servers lying in that
country. There is no wonder if the news is true. In fact it should be shocking
only if it is found to be a false allegation. But what makes it interesting is
the ruthlessness and efficiency with which US is able to achieve it. On the
same notes, countries such as India are struggling with the data collection of
its citizen and the ambitious program of adhar
card is attempting to bridge the gap.
Street dog principle in stock selection
- Chellamuthu Kuppusamy
Street dogs are very astute. They reveal enough facts or
behaviours worth many PhDs. If an unfamiliar street dog crosses the border and
enters into different territory, resident dogs of that territory furiously bark
and chase that poor guy away - back to his street again. Interestingly, these
brave soldiers turn submissive if they happen to visit areas outside their
border. As a whole, street dogs precisely know their circle of control.
Majority of the stock
investors don’t possess this obvious quality from dogs. Investors should try to
assess their strengths in terms of cognizance about a particular industry or
companies, and more important they should be able to tell the areas they are
not aware of. For example, you might understand the business dynamics of steel
industry. But pharmaceutical companies operate under different environment
where you cannot deploy same approach. As a whole, we should define an
imaginary ‘circle of competence’ and precisely know its boundaries.
Under no circumstance, you should dare to cross the periphery of this circle
and get bitten strange dogs. If you really need to explore new horizons outside
your circle, you should work very hard in acquiring necessary knowledge and
courage to expand this border. But for that, I repeat, you should work very
hard.
From 'Behavioural Finance' chapter in the book The Science of Stock Market Investment - Practical Guide to Intelligent Investors
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