paisa yeh paisa

Yesterday the markets went into a tizzy thanks to a stable mandate being voting the Congress to power. It froze trading in 60 seconds by hitting the upper circuit. Not that I disapprove but this is the very stable government that controlled India for many years and created a corrupt and controlled bureaucracy. They kept pouring crores of rupees down schemes and yognas meant for the poor, the farmer, the down trodden and guess what, those poor guys remained there. And they continue to do that. I saw it all the budgets of the last five years. Yognas / schemes / plan and poor. Well ok, at least a notionally secular party with a ‘centerist’ ideology is there. But thanks to the markets overreacting I heard a lovely quote ‘the fear of losing capital has made way to fear of losing gains.’ Trust Shashank to come up with absolutely grounded one liners! Which reminds me of another one – the markets can stay wrong longer than you can remain solvent.
After being associated with equities and the wealth market for 8 years as a professional and over 15 years as a self respecting gujju, I have a slight distaste for making money. I like money but some how I don’t like making money. Gains don’t give me a constant high. I don’t count my net worth daily. I am not too unperturbed on losing opportunities. I don’t spend time hunting over the next money making scheme.
That’s where I thank Jasmine. She never was enamored by it in the first place. And now so far Jispa isn’t asking for it either! I rather spend my time being with family. I rather not be defined by my work.