Sunday, March 28, 2010

StartingBloc - Day 5

I used to do this thing towards the end of my time at Bridgewater - I'd take 15 mins every day and just reflect on how the day went. I'd answer 2 questions. What I said I would do? And what did I actually do? StartingBloc reminded me how important that was. I'm going to bring this back into my routine.

There is lots that I can talk about re SB. But here's a question for all of you out there. If someone came to you and said I'll give you 300K and you can do whatever you want with it. All I ask in return is 3% of your future earnings (for the rest of your life). Would you take it? Now I know all my ex hedgefund friends will be laughing out loud at a question like this. And I'm with them - I'd never take this offer. But what if you were a broke public policy student? And making money wasn't really your goal. What then? I can see the value of it for some people. Well Rafe Furst is investing in superstars. And I think it's a pretty neat idea. Angel investors always talking about investing in people, and not the idea. His argument is that this is done all the time in poker. So why not just translate this into real life. Food for thought.

Tuesday, March 23, 2010

Walking With The Comrades - Arundhati Roy

Excerpt from Arundhati Roy's piece on the Naxalites -

"I met Chamri, mother of Comrade Dilip who was shot on July 6, 2009. She says that after they killed him, the police tied her son’s body to a pole, like an animal and carried it with them. (They need to produce bodies to get their cash rewards, before someone else muscles in on the kill.) Chamri ran behind them all the way to the police station. By the time they reached, the body did not have a scrap of clothing on it. On the way, Chamri says, they left the body by the roadside while they stopped at a dhaba to have tea and biscuits. (Which they did not pay for.) Picture this mother for a moment, following her son’s corpse through the forest, stopping at a distance to wait for his murderers to finish their tea. They did not let her have her son’s body back so she could give him a proper funeral. They only let her throw a fistful of earth in the pit in which they buried the others they had killed that day. Chamri says she wants revenge. Badla ku badla. Blood for blood."

It's a long article, and like anyone's history it is hard to agree or disagree with. I recommend the read.