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98-2
There is this old joke. A home owner had a leaky pipe in house and called the plumber to fix it. The plumber came, took a while to inspect and after doing so he fixed the leak. “How much”, asked the owner. “$ 100” said the plumber. “$100?!! But the fix was so small and…
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Game theory
Game theory allows us to understand how people act in situations where they are interconnected.
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Price, value and other things
Yesterday, I met some ex-colleagues who are also friends. Since I moved onto to do something very different – investing in stocks, there is some curiosity about what is it that I do, how am I faring and if the move has been worthwhile. You know, all the proxy questions to “how much do you…
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Russian Roulette
Russian Roulette is a metaphor for gambling foolishly. The Credit Rating Agencies were playing Russian Roulette by not awarding to IL&FS.
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Privatized benefits, socialized costs.
A made in India credit crisis is taking place.



