Pause and Ponder sl 4 : Beyond Fear, there is Freedom .

Pause and Ponder sl. No 4 : BEYOND FEAR, THERE IS FREEDOM

“ It is not because things are difficult that we do not dare; it is because we do not dare that they are difficult. ”

- Seneca

What a profound wisdom in simple words !!

[Actually, at times, I feel straight-talk advices like “ Be courageous”, “ Be adventurous”, “ Be fearless” etc. sound a little threatening and more than inspiring one to overcome fear, they tend to instill more of self-doubt ( thoughts like am I able enough to do all these ? ) because somewhere they seem to advocate more than ordinary guts. But when we think in terms of what Seneca says, it ultimately means the same thing – have more than ordinary guts – but it makes us feel this in a more comforting and re-assuring manner – it makes us feel that it is actually okay to fear a bit, but it is worth taking leap despite the fear; it makes us believe that, though something looks difficult before we start, once we start, it will turn out to be not as difficult as we thought and so just start ! It actually inspires you and helps you actually dare !!! ]

It is observed – too often, that we contemplate doing many things that we feel are worth doing; but somehow the worries of difficulties that may come our way, the fear of failure, the fear of ridicule, the fear of rejection, the fear of persecution etc. get better of us and we fail to muster up that little grain of courage to take the first step. But if we consciously and continuously fill our mind with simple, yet powerful thoughts like what Seneca said, soon it can become a way of life with us to dare…

be it a small adventure like learning a new skill that you think you are not naturally wired for( e.g. I learning how to drive a car on road etc.) or doing something you are scared of ( like bunji jumping/ I donating blood etc.)

or a big adventure like climbing a mountain, or rafting , or doing stunts, going to space , or public speaking etc.

or a tall adventure like carrying disparate groups along to deliver a common goal or having your way in negotiation with strong opponents, or out-performing the market without compromising ethics in business etc.

or a great adventure like retaining your freedom of mind in the face of all bondages, standing up against injustice in any form, serving the sick and the suffering, inspiring others by own examples, challenging the conservative wisdom to invent/innovate/discover something new and creative, getting political freedom for your country from centuries of foreign subjugation etc.

But one thing is common in all this : a mindset that runs towards , and not away from what the mind fears !! It is a mindset that dares and you dare when you

D….. feel an intense Desire to pursue something worthy, though difficult

A …. believe that you have the Ability to do this, if required by acquiring the new skills,

by pooling others having the needed skill

R…… take Risk by actually taking action needed for the pursuit

E….. keep Evaluating mid-course for course-corrections, if needed and act

accordingly

Personally, I draw tremendous inspiration from this quote of Seneca and there have been several trying situations in my life – both personal and professional, small and big, when these few words have helped me discover the ‘courageous I ’ within myself and as I look back… I feel simply splendid about it that I have always been able to look into my eyes in the mirror - not because I have achieved anything ‘great’ or ‘grand’ or ‘ historic’ or something that can make the world bow down in admiration. No, what makes me so joyous is that I see in the mirror a pair of eyes, that have always sparkled with a child-like twinkle of daring when faced with fear at very many moments of life! And also the fact that this is a pair of eyes that never had a reason to droop in shame for not having tried something worthy, but difficult.

And there is another beauty in daring: you will never find yourself alone once you dare on a just and worthy course; there will be helping hand(s) sent from Above !!

[ Photo credit : SBI Calendar for 2009 ]

Earlier I had narrated a few of my small encounters with fear in my posts on this blog on 12^th Apr, 2008 and 5^th August, 2008, which do not appear to have been widely read and so I am just reproducing here below to save my friends the pain ( !!) of clicking on the links. These may be of interest to go through in the context of the present post.

12/04/08

A few days back , I stumbled upon an interesting article by Steve – Whatever you fear, Face it . I agree 101% with what he suggests. Yeah .. if we fear something, we must face it and that is perhaps courage in the real sense. Courage is not the absence of fear - it is doing something worthwhile despite fear . And what u experience and gain in the process in terms of pure happiness that comes out of conquering fear & personal inner growth is a treasure, that eludes all those who keep to their safety zones and spend a lifetime without living a moment !

When I started my Blog ( gosh ! last year – and let it remain without any post for almost a year !!) – my wish was to paint different strokes !! At the moment, time apparently is a big constraint. I said apparently – as I find, for one year I just started the blog and did nothing – then since last one month, I am somehow making this time at least once a week to scribble something, now that I want it. Perhaps, that is the secret - really wanting to do something intensely . That is perhaps also the key to mustering up courage – to stand by yourself - to face the fear – the fear of uncertainties – the fear of failure – the fear of being ridiculed - the fear of what the world would think … etc.

Well I know I am basically a courageous person - have displayed it umpteen no. of times as I know it myself – and I know many others also acknowledge that ( ha, Ha ). But , good lord … , when it comes to pursuing my life goals ( now that I have finally spelt these out clearly before my self at least ), I find myself still dilly dallying . Clearly , that right amount of courage to switch course at this juncture of life perhaps is missing as yet !

Let me spell out my goals here – so that I will feel more responsible and be under more self-pressure to muster up what it takes to pursue them !

a) Use my God-gifted singing talent –for my own satisfaction and for giving something back to this world . I don’t know how much daring it will be to dare dream becoming a professional singer at this age – that too without learning music . But surely, God has blessed me with abundant talent to use it for charity shows.

b) Get associated with some orphanage/children’s home etc – do some charity plus “Shramdaan” ( i.e actually spend time with them and do things for them etc. ) .

c) Start writing ( feels a bit nice that at least there has been a beginning towards this goal …)

d) Popularise Oriya cuisine – there are so varied and tasty and healthy and typical dishes we cook , which are yet to be commonly known as, say the southy dishes or north delicacies or Bengali dishes . Let there be Oriya Thali concept – like Gujju Thali – and I m sure, many would love the taste and the combination .

Coming back to Courage - Courage is shedding fear and also shedding the habit of not shedding many things !

05/08/2008

Courage is shedding fear .

I would always cherish the 25^th June of 2008 – a great & memorable day for ME !! Yeah - I conquered fear and did something for the first time which I had been wanting to do whole my life so far .. DONATED BLOOD .

Oh, sounds so trivial - s..o..o many people do that .. that too, time and again. What’s so great about it when it comes to me ? Nothing actually – nothing great about the act per se – only when I look at it in my context ( I simply can not stand sight of blood or needle entering into flesh ( Yup!!) & do not laugh – I close my eyes even when a bloody scene comes on screen !!!) - then I feel this sense of satisfaction that, yeah , I have done it – notwithstanding that great urge to run away from the bed when I had to keep on pumping myself and some sinking feeling was overpowering me after a minute or so & the process was to take another 3 /4 minutes. And I actually had a little bit of black-out after it – felt really embarrassed to hog all the attention-both from the doctor and colleagues, who had themselves given blood minutes back and were cheerfully going around in an absolutely normal condition . Well, that was really making me feel bad – but had no control. Actually, earlier also I had similar experience of sinking after giving blood for test during first pregnancy – may be, psychological because of my fear.

Coming back to point – when I look back to find out how I could actually do this, a few things come out sharply :

a. an intense desire to do . ( Honestly, I always think blood donation to be one of the noblest acts – basically u r giving life to a needy in due course . So always wanted to do something of value going beyond self .)

b. taking opportunity of doing when the circumstances give a chance. (Earlier, apart from the fear, either the timing, or the venue, or the organisers .. or perhaps the lack of intensity of desire.., something or other was coming in the way of my participating in any blood donation camp. This time, it was being organised in my office premises, by our office to celebrate our foundation day and was being organised in a professional manner with the help of doctors and disposable syringes. In my current assignment, it was possible to come down and participate, sparing an hour or so .

c. Actually throwing yourself first into the situation before your fear takes better of u . (Yeah, this time I just made up my mind, came down to the venue . Then, although I did have the impulse of running away , I did not do that as I could not have shown my weakness before my colleagues – u see, each of us do face many occasions in life when we just have to live upto a reputation . Ha, ha . So I knew , once I go to the venue , I will somehow manage to participate and that actually happenned .

d. The feeling after conquering fear is just splendid – charging u with greater vitality and greater happiness !

Thank GOD for helping me feel good about myself .

Same night, I could also be of help to a colleague, who would have otherwise missed his train. It was really raining hard when I was leaving office and here was this person, standing and worried about how he would make it to the train, that was to leave just about 20 minutes from then. There was no auto in sight also. I offered to drop him at his hotel, which is near to the Rly station . I am usually very scared about driving when it is pouring, that too at night – due to very poor visibility. Number two – I would not normally venture to drive to an unknown place in such inclement weather . But I did it – and am happy that I did it .

By the way, last year , I decided to drive my car personally – and, for me , this was a very bold ( read courageous ) decision. My husband & daughters were scared visibly – had no trust in my ability to drive a car . Not their fault – my track record of road alertness, sense of (geographical) direction, route awareness etc. was extremely poor. I agree with them and appreciated that they love me and were concerned about my safety – as also safety of others. But what I never liked about it was the hidden message that I CAN NOT drive . That was not acceptable . When the whole world is able to drive, why can not I ? Nevertheless, I restrained myself in view of my job pressure, erratic timings and requirement of the vehicle by my daughters for various purposes during the day. So continued with dependance on hired drivers till my daughters finished with their classes here, although it was taking a heavy toll on me ( & my car … one would shudder to look at the dents and damages that my poor car had to bear all the time ! I was so disgusted with repeated touch-ups that finally just left it with all the dents & scratches . In fact, that gave my car such a distinct identity ( ha, ha) that all my people at office always recognised my car effortlessly .) . Once my children finished with their exams, I decided to take over .

I acknowledged two things –

(i) I am not naturally wired to be a driver & do have some weaknesses which could spell hazard on road;

(ii) but at the same time , it is possible to learn driving and fix those weaknesses to an extent, required for safe driving.

So, I decided to learn and immediately called up a driving school. Timings were very difficult for me – very early in the morning and in evenings, I had to go from office for night driving & come back to office again. I can still recollect the first time I had to drive on a busy road – all alone without the trainer by my side - so..o scary ! How relieved I felt after parking at the office ! While returning, it really took strong will power not to accede to everyone’s request to make the office driver sit beside while I drove back home. Of course, for two days, one of my colleagues followed me separately, while I drove back home .

So , this was also a story of victory of courage over fear – and the basic tenets of the approach are the same in every such story :

– acknowledge what is required to be done ,

– acknowledge if you fear doing that,

– believe that it is possible to learn higher skills in the domain of what you fear , and once you learn the skills, you will be better placed to face your fear ;

– collect information, gather knowledge and learn skills required in the field .

– Act - do what you wanted to, in spite of fear. Success will be only a matter of time.

I am sure, everyone’s life is full of such moments, when, inspite of fear, we take action, because it is worth it and in the process, grow stronger and wiser. I am reminded of what Ralph Waldo Emerson once said,

“ When a resolute young fellow steps up to the great bully, the world, and takes him boldly by the beard, he is often surprised to find it comes off in his hand, and that it was only tied on to scare away the timid adventurers.”

Courage is shedding the habit of not shedding many things

Yes, one of the things that we normally do not think of shedding is a secure job !!

Well, I am not talking about today’s youngsters – who are job-hopping rather a little too frequently. They belong to another world with a different canvass as context. I am referring to our generation – the 40/45 plus, who usually relish the comfort of being settled down and somewhere along the line, tend to lose the appetite for venturing into an uncertain world to chase their life-goals.

I do not say that to be courageous, u must shed ( leave) a secure job, just for the heck of it . No, it is definitely not to suggest recklessness. The point that I would like to make is that there is a tendency among many of us just to keep on clutching to the current job, even if it is no longer giving u that kick and u are already in a position, where u can afford to take a call on other opportunities beckoning u or just to chase your dreams. Here comes, what I would call courage, courage to quit. Newer beginnings are possible only if we are ready to change the status quo – ready to come out of inertia. Yes, do a thorough analysis of your own situation to ensure that u have already put in place a fall back system to take care of your personal responsibilities (like self-sustenance / family responsibilities, which just can not be compromised) before u quit the known and start exploring the uncertain. Once u achieve this position, then all that u require for chasing your dreams is a drive to spread your wings with courage to soar against the wind, if that be so !!

By the way – right now I am also on my way to explore the uncertain – the first step already taken – quitting a secure job. Yeah – my fall back system for financial needs is ready. Feeling a little scared.. but excited . Isn’t that what courage ultimately is ? I am tempted to quote a few great personalities, from whose words, I have always drawn inspiration .

Courage is not the absence of fear, but rather the judgment that something else is more important than fear.
- Ambrose Redmoon

Courage is resistance to fear, mastery of fear - not absence of fear.
- Mark Twain

Courage is being scared to death, but saddling up anyway.
- John Wayne

Courageous people are still afraid, but they don't let the fear paralyze them.

- Steve pavlina

Education for Earning Vrs Education for Service

01/04/2009

Education for Earning Vrs Education for Service

“Reform Orissa from Within”. “ Reform our country, our society, from within the system.”

Those are the words of Dr Kiran Bedi and she needs no introduction ! These words would have sounded hollow and hackneyed to me, had they come from any of the many mouths we know who utter such preachings, but do a precious little in their own lives!

Well, before I proceed, I need to give a brief introduction to the context.

Today will always remain a golden day for me.

Well, not because today happens to be the Utkal Divas ( the foundation day of the independent state of Orissa, my homeland), although that is good enough a reason to feel jovial about;

neither for the reason that today happens to be The All Fools’ Day ( although, by implication that makes the day dedicated to the kind of me – the ‘fools’ – the more you know, the more you come to realise how little you actually know !!).

It is because today I got to hear Dr Kiran Bedi in person !! Saw an ad in a newspaper this morning that she would be delivering a talk at KIIT University here on the topic “ Role of Women in the present scenario” and all are invited. My joy knew no bounds. It is a topic title that I find one of the most hackneyed, boring and useless topics. At times, it actually angers me – would anybody ever think of a topic, say, the role of men in the present scenario ? Anyway, the point of attraction was Dr Kiran Bedi , and not the topic. So, I rushed through my chores and actually arrived at the venue by 11.30 am. ( I said, actually, because, on some occasions earlier, I had felt like attending certain events like this – celebrities delivering talks or participating in symposiums, but finally did not – may be because those speakers never really drew me so strongly !! )

I have always held Dr Kiran Bedi in very high esteem ( and so do the people at large ) for the unwavering courage she has actually demonstrated by always walking her talk as an IPS officer ( the first lady IPS officer of India joined in 1972) PLUS the way she has made a difference through whichever assignment she has handled during her service career – be it reforms in Tihar jail, or traffic in New Delhi, or … or… . her contributions as a member on the Advisory Board to UN on peace etc… She has received a number of awards n public acclaims – Raman Magsaysay Award and many more. All along, it has been a war on injustice and she made her point once more, when she resigned from service when she thought she had been meted out injustice in her professional career. But what is significant to note is that even after resigning from service, she is engaged in doing a host of social service activities AND SHE CONTINUES TO MAKE A DIFFERENCE !!!

KIIT is one of the reputed technical institutes in the private sector in Orissa which has shot up to fame and ranking in the top slot among such institutes within a very short period – thanks to the visionary leadership of its founder, supported by an able team, of course.

Dr Bedi was invited by them for this talk and interaction.

Different as always, the moment she took to the mike, she declared that she is not in the habit of preparing a speech, and she always tries to ‘know’ and ‘feel’ her audience first and then decides what to speak and share. Here too, she said, she would share what she felt when she was getting to know about the institute during the last 2 hours of visit through the campus. Very candidly and without offense, she virtually dissmissed the topic ( the role of women in the present scenario), observing that once the women are educated, as they are today, they belong to the group of “educated” and share the same responsibilities towards the society and governance as the men. I was so glad – she did not disappoint me. Over the next one hour, she kept the audience spell-bound with her very forthright points, lively posture, humour and style of connecting to the audience !

In quintessence, the point she made is : Education must instill the values – especially courage, that would prompt the educated to serve and make a difference to the social fabric, to the people’s lives , to the nation. Let me narrate a bit of what and how she said it ( I can not quote her exactly within quote-unquote, because I was just a listener; so have tried to express what she said mostly in her words , added by mine to keep the essence in tact. )

Orissa is so rich in natural resources. But why is it lagging so behind in terms of economic progress for the people ? What is coming in between ?? Corruption and poor governance ! It is true for all other states in India . Corruption comes in the way of our progress, everyone knows that. But who is doing the corruption ? The literates or Illiterates ? The poor villagers or the rich urbanites ? The Educated or the Uneducated ? Who are at the helm of affairs everywhere – the educated or the uneducated ? At the end of the day, it is the educated who are responsible for corruption – for all the failings. So long as the bureaucracy is pliant, the corrupt politicians get their way. It is we, the educated, who get educated to earn only, not to serve and that is the chief culprit. We can make a difference, if we commit to service as the motto behind joining civil service or bureaucracy or all other white collar jobs. So long as that does not happen, reputed institutes will only go on adding to the bulk of educated corrupt and getting ranked at a high slot among the reputed institutes will have no real worth or meaning. Although she complimented the institute on its being ranked among the top-notch institutes of the country, she observed without any pretension that the parameters for ranking the reputed institutes should include one more parameter and that is : student-tracking , i.e. .what are the students who passed out of this institute doing currently and how exactly they have made a difference or served the humankind ?

She advised ( dared ! ) the Institute founder to act on this aspect by taking extra classes to build a special cadre of students who would like to go into services/bureaucracy with a motive to serve , not just to earn for themselves at any cost. Imbibe the values in the students that education is supposed to instill before they go out into careers. She was candid enough to say, if in 5 years from now, KIIT ians do not make any difference to Orissa and her people, there is no point in adding more number to the corrupt educated !! She said in a classic stroke of humour : “ Please call me again after 5 years ! ”

So, that’s it ! My day was certainly made. There was no time for answering audience queries. However, the only question that could come within the available time was regarding what to do as a voter when all the nominees fielded for election are corrupt or not worth getting voted. She explained that as a voter, each has ‘a right to no vote’ as per the Representation of People’s Act “. In such a situation ( which, indeed , is a situation now a days) , a voter should ask the Presiding Officer of the Vote booth to give her/him the specific form meant to record “no vote” with disclosure of your identity, of course. That will make public how many voters have totally rejected the entire lot of candidates fielded by various political parties and strong messages can be passed on..

[I am sure, that would be a grand revelation and the statistics can be of multiple use to awaken the people at large / political parties, or may even lead to further constitutional amendments, facilitating better candidates to choose from.]

All the while, I could not miss her politeness while taking courtesies extended or praises showered on her. A standing ovation, she deserved and she got !

Thank you Dr Bedi. After listening to you, I felt it my bounded duty to do whatever I can to spread this message, in which I, too, personally believe. Since I have a blog , I thought I should at least blog about it, so that your words of courage get spread and impact at least a few souls.

A silver lining in the darkest cloud

A silver lining in the darkest cloud

Recently, some alert message on the road-dividers in my city caught my attention. It says :

“ Speed thrills, but kills .”

Nice way to keep reminding those trying to soar high while sitting on the steering wheel ! Although it is a common knowledge that excessive speed could be dangerous, such constant reminders are required, coz. speed thrills and one tends to get addicted to it. It takes a lot within to resist thrills before it becomes an addiction. Another question came to my mind : does any driver ever see these alerts while driving ? I doubt ! In fact, I also saw this only when I was walking down to the stadium for my morning walk.

So, the points are:

a. Most of the times, common knowledge is very uncommon, in the sense that everybody knows it, but does not internalise - believing that the prophecy, especially if it is bad, will somehow never come true for him/her. (S)he can get away !!

b. Unless a fellow has high self-discipline with internalised values and ethics, one tends to chase thrills one after another, and ultimately loses control. Consequences ? Anybody’s guess !

Reminded me of the recently uncovered Satyam fraud here in my own country ! And the Madoff fraud in US !

On the 12^th of March, 2009, Bernard Madoff ( an American businessman and former Chairman of NASDAQ stock exchange - the man, by now world -(in)famous for the largest investor fraud ever committed by a single person involving fabricated gains of about US $ 65 billion), pled guilty and admitted to defrauding thousands of investors through a massive Ponzi scheme, “a big lie” as he puts it.

In his court statement he confessed to what he did and how he did it and how he got away with it .

Here is an excerpt from his court statement,as published in the media, that caught my attention like never before and really got me thinking:

“ To the best of my recollection, my fraud began in the early 1990s. At that time, the country was in a recession and this posed a problem for investments in securities markets. Nevertheless, I had received investment commitments from certain institutional clients and understood that these clients , like all professional investors, expected to see their investments out-perform the market. While I never promised a specific rate of return to any client, I felt compelled to satisfy my clients’ expectations at any cost. I, therefore, claimed that I employed an investment strategy I had developed, called a “split strike conversion strategy”, to falsely give appearance to clients that I have achieved the results I believed they expected.”

Madoff stated that he wanted to satisfy the expectations of high returns by his clients in spite of economic recession. He admitted that he had never invested any of his clients’ money since the inception of the scheme. Instead, he simply deposited the money into his business account at Chase Manhattan Bank. He admitted to false trading activities masked by foreign transfers and false SEC returns. He used the Chase Manhattan Bank account to pay clients who requested withdrawals, claiming the “profits” were the results of his own unique “split strike conversion strategy”. He declared that he had every intention of resuming legitimate activities in his asset management division, but it proved “difficult, and ultimately impossible” to catch up to the paper profits. ( Sounds familiar ?? Only recently B. Ramalinga Raju of Satyam had also stated his intentions in a similar vein – the essence of which is : keep fooling the gullible lot with false results, siphon funds elsewhere, make good the losses when an opportune time comes before it is about to get uncovered and do something legitimate to convert the paper profits to actual profit. )

How can they forget that they can never escape their day of reckoning ultimately !!!

Now, read the excerpt again … and highlight whatever you feel is crucial to note. I am reproducing the excerpt with parts, which hit me the hardest, highlighted:

“ To the best of my recollection, my fraud began in the early 1990s. At that time, the country was in a recession and this posed a problem for investments in securities markets. Nevertheless, I had received investment commitments from certain institutional clients and understood that these clients, like all professional investors, expected to see their investments out-perform the market. While I never promised a specific rate of return to any client, I felt compelled to satisfy my clients’ expectations at any cost. I, therefore, claimed that I employed an investment strategy I had developed, called a “split strike conversion strategy”, to falsely give appearance to clients that I have achieved the results I believed they expected.”

I felt compelled to satisfy my clients’ expectations at any cost. This one sentence perhaps says it all !! And if we as a people can take our lessons from this one sentence, I think I will call that the silver lining in the darkest cloud. YES !!

Analyse this way:

He felt compelled - that is not the same thing as he was compelled . He was perhaps not compelled by anyone, but still he felt that compulsion because of what he thought his clients expected from him .. ( refer back to the excerpt…. and understood that these clients, like all professional investors, expected to see their investments out-perform the market .)

And what did he think his clients’ expectations were ? To have returns much higher than the market normally churns out !!! ( The why to this question is the most significant dimension that this whole episode throws up for reflection – I will come back to that, after I complete dissecting this one highlighted statement of Madoff. )

And what did he feel compelled about ? To satisfy his clients’ expectations at any cost. In any business, feeling compelled to satisfy the clients’expectations is perhaps the most needed driving force to stay in business and get ahead of competition – in fact so far so good . But at any cost ??????? The problem actually starts here and can end here if you believe in doing good business and delivering high returns going out-of-box for efficiency and innovation, and NOT for unethical practices, i.e. business at any cost. He created all this mess because he played his game , at any cost – took to fraudulent ways and showed fake results to please the investors despite the recession.

Now, coming to “ why”s .

Why he thought what he thought ?

And why he got away for such long years until he, himself realised that it is impossible to carry on with the fraud any longer and surrendered through his own sons ?

Yes, blame it on competition, but the reality is : there is a catch on both sides – the businessmen as well as the clients. If Madoff thought that his investors expected him to out-perform the market ( i.e. to deliver dazzling results, not commensurate with those possible through running reasonable n good ( read ethical ) business in the market ), then he is not entirely to blame. The majority in the business world in today’s dog-eat-dog competition feel this kind of client pressure. Competition has somehow become synonymous with reckless speed – speed in business, speed in delivery, speed in growth in volume of business, speed in growth in return/profit – the greater the speed at which you move to capture the market, the greater the thrill, the greater the market rewards you !! And who to blame ??

A good share of the blame, in my view, should go to all of us .

We as investors/capital providers/customers/consumers/ the beneficiary at the other end have started demanding miraculous results till we have alternative shops – all in the name of competition. We have got into a habit of a dialogue like this : Okay, if you can not give me enough, there are many others. We get excited when we receive very high returns on money invested/spent and never bother asto how it became possible for such miraculous results to happen!

[For example: How many potential customers for loans ask questions about the financier’s asset-liability management and net margin if they are offered a ridiculously low rate of interest on loans vis-à-vis higher interest rate on deposits? ]

It seems concerns about Madoff’s business had surfaced as early as in 1999, when Harry Markopolos, a financial analyst, informed the SEC that he felt that it was legally and mathematically impossible to achieve the gains Madoff claimed to deliver. Did anybody listen to that ?? Not until very recently in December, 2008, when the present global financial crisis created a rising demand for cash withdrawals by Madoff’s investors and he knew, he can not carry on with his fraud any longer! Obviously, had Markopolos’ whistleblowing caught the attention of the authorities and the till-then happy investors getting very high returns, so much more loss to thousands of clients could have been averted !

So, it is greed, greed and greed on part of both sides – stakeholders concerned only with high returns and businessmen to stay in business by satisfying stakeholders’ expectation at any cost . The age-old chicken n egg syndrome !!

This push by client expectations in a competitive marketplace is good only so long as it leads to qualitative improvements or innovations. But what happens when this ( satisfying client expectations at any cost ) is (mis)taken by the businessman as the sole survival strategy? It starts allowing space to deceit, game-playing, scheming, misrepresentation of facts, figure fudging, fabricated gains, fake results and mind-boggling frauds !! The jet-set speed of their own creation ( read, manipulations) creates such a need for more and more speed ( read, further manipulations) just to stay on course that eventually, it becomes unsustainable and crashes !! Yes, speed thrills, but kills.

The saddest part is : it is not one Satyam or one Madoff - there are many in their family, including corporates, who can not plead all clean when it comes to accounting and fact-sheets! So far as corporates are concerned, apart from market competition, other dynamics relating to trade-off between the short-term and long-term, reward, recognition, financial incentives, career progression etc. come into play and make the leadership as well as ranks within to “project” market-expected performance. Who knows when what will assume which proportion ?? As someone said, truth is only a resting point until the next revelation!!

But how can I not see the silver lining in the darkest cloud ?

Courtesy these filthy episodes, a fresh wave of awakening has dawned upon the entire world.

Let us stop being greedy and irrational when it comes to our expectations about our own gains as investors or consumers or other stakeholders !

Let us demand more transparency and probity in affairs of the business world!

Let us listen to alarms bells; let us ring alarm bells !

Let us start questioning !

Knowingly, let us not be a party to a foul game !!

Let us stay away from the seven sins , as described by Gandhiji as under :

Seven sins

Politics without Principles;

Wealth without Work;

Pleasure without Conscience;

Knowledge without Character;

Commerce without Morality ;

Science without Humanity;

Worship without Sacrifice .

- Gandhiji

[ I think, if these stinking episodes can remind all of us, the world over, to reflect and drive us to act in a zone, free of the seven sins, that would be much more than just a silver lining in the darkest cloud, I swear !!!! ]

H..O..P..E..

HOPE

A 19yr old asked an 11 yr old : “ What is your goal in life ? ”

Pat came the reply from the latter, a cute smart boy : “ Oh ! to get admission into IIT .”

[ For those, who do not know what IIT stands for – it is Indian Institute of Technology – there are only a few of them and they are like the Jewels in the Crown of Mother India. It is believed that once you gain entry into an IIT somehow, your life is made (true if one goes by professional success the IITians have actually achieved from day one both nationally and internationally). It is the loftiest dream of most of the parents to have their kid in IIT and most of them have also seen to it that their child also sees the same dream ( alas !!). Children need to be exceptionally ‘bright’ in academics, scoring incredibly high in the qualifying exam( + 2) AND passing a really tough special Entrance Test to get into IITs, for which they start taking extremely rigorous coaching ( I really wonder, when these kids get to breathe… literally ? Class, coaching for usual course of 10^th/12^th, plus special coaching - I call it going through torture of the nth degree when you transcend all feelings and stop feeling the torture itself !! ]

So, back to the interesting conversation. The boy says that it is his goal to get into IIT . I just happened to be around there. The 19 yr old girl whispered to me : “ See!, how pathetic ! I asked him what is his “goal in life ”– that is, what would he like to become in life and he says getting into IIT. Is getting into IIT a goal in itself ? At the least, he could have said that he wants to become an Engineer ! How sad – parents these days are to blame – they only drill all this crap deep into the young minds – so deep that the children can not think clearly for themselves and just fall in line with the fad of the day !!” Incidentally, this girl is amongst those courageous few who have found their own calling on their own .

Well… I could not have agreed more on that. It is truly sad how the kids these days in our part of the world are being led to believe that “ the be all and end all ” of their lives is to gain admission into reputed institutes like IITs/ NITs/IIMs etc., understandably because gaining entry into these institutes would facilitate achieving their goal of becoming an engineer or management professional of top order. But the pity is, in their blind pursuit of joining the race, people fail to realise when some facilitating factor( getting admission to an Inst.) is turning into the goal itself ( becoming an engineer – although, I do not consider becoming an engineer can be anyone’s true goal in life ), thereby limiting all other wide possibilities of “ becoming” in life !! Very few are there who display the courage and true understanding as parents to encourage their kids to dance to a different drummer, if that be so required – to let the child discover her own true calling – to allow the child to decide if she would become just another face in the crowd or a face in the crowd !

Yes, I, too, felt sad to hear what the 11 yr old said. BUT … Guess what ! The next moment, I was inundated with a surge of happiness.

Hey, everything is not yet lost . There is still a lot of HOPE for this world of ours . Just think of what the 19 yr old remarked – how the 19yr old “thought” !!

Yes, if the 19 yr old could think with so much of clarity on “goal”, the difference between “ getting into IIT” and “ becoming an Engineer ” ; if the youth of her generation has started thinking with such discernment and meaningful insight, I am sure, in due course, these thinking minds will eventually know the difference between :

“ becoming an Engineer” and “ being able to Construct a Bridge ”

“ Constructing a Bridge” and “ being able to Connect geographical places”

“Connecting geographical places” and “being able to Connect people across geographical separation”

“ Connecting people and “being able to connect the hearts, minds and souls ”

It all boils down to knowing “what your goal is” and “ why you want that as your goal” (i.e. your ultimate purpose in life );

- above all, knowing the difference between the ecstacy of getting to the destination/goal ( connecting hearts, minds and souls )Vrs the joys n wonders of the journey itself ( getting into an IIT, becoming an Engineer, getting a fulfilling job, delivering value through projects and assignments that touch people’s lives !)

A lot of hope there , I swear ! Honestly, when we were 19 yrs old , we were never thoughtful and wise enough as today’s 19 yr olds !

Notwithstanding the negatives today, tomorrow will be really brighter and dazzling , and that’s what I truly believe.

LET HOPE permeate every life on this beautiful planet that we all live on !

Happiness

Optimism

Passion

Exploration

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PAUSE AND PONDER : SL. 3

PAUSE AND PONDER : 3

“There are some defeats more triumphant than victories .”

– Michel de Montaigne

SEQUEL TO PAUSE n PONDER 2

Sequel to Pause and Ponder sl no. 2

Please visit my last post first AND the comments, for reference, if you have not yet visited that.

A few days back, I received by email from my dear friend Veera, an inspirational story, which I am sharing below. I am amazed to discover how candidly and succinctly this real life story exemplifies what John Wooden might have tried to convey when he said “ Do not let what you can not do interfere with what you can do “. In fact, my own interpretation also leans heavily on this line of thinking, that advocates building on your strength and not letting your weak zone keep you blind to your strengths or too depressed to work on what you can. Most certainly, it does not say that you should not try the uncertain – that would amount to shifting the real focus of the thought from “ what you can” to “ what you can not”. It just says, do not bother too much if you can not do a few things – you still are endowed with unlimited potential and extra-ordinary talent in some other fields – try & find those out, work on those and be all that you can be, be all that you are here for !! And yes, it is most important to realize that it is not arrogance about our talents but an attitude of gratitude, which will awaken us to our true potentials through difficult times.

I am extremely thankful to my on-line friends for having pondered over this and brought out the perspectives from various angles. ( Hey, I find this way of blogging very interesting and very enriching as we get to benefit mutually when so many minds open up on a particular thought with new perspectives, newer dimensions!! Great. Further, as I am virtually hopping around now from place to place, and do not have the time for detailed posts ( I must admit, I can not write at lightening speed like some of my blogger friends do like Daphne, Middleway, Lifemadegreat etc. ); so this way, at least my blog won’t die !! Hence this PnP series. )

The Patrick Henry Hughes Story
[ Credit : Veera, my dear friend & Source of the story : simpletruths.com]

[ “The date was July 16, 2008. It was late in the afternoon and I was sitting in my hotel room in Louisville, Kentucky. I was scheduled to speak that evening for the Kentucky Association of School Administrators (KASA). I was a little "down in the dumps." I hadn't gotten to exercise lately because of my traveling schedule and recently I'd experienced some mild bouts of vertigo (that inner ear condition that can cause the room to start spinning.) You got it...speaking and "spinning" are not good partners!My keynote presentation was scheduled for 7:00 PM, but I had been invited to show up at 6:00 to see a performance they said I'd enjoy. Little did I know that I was about to see something I would never forget.They introduced the young musician.
Welcome...Mr. Patrick Henry Hughes. He was rolled onto the stage in his wheelchair, and began to play the piano. His fingers danced across the keys as he made beautiful music. NEW RELEASE:He then began to sing as he played, and it was even more beautiful. For some reason, however, I knew that I was seeing something special. There was this aura about him that I really can't explain and the smile...his smile was magic!About ten minutes into Patrick's performance, someone came on the stage and said..."I'd like to share a 7-minute video titled, The Patrick Henry Hughes story." And the lights went dim.Patrick Henry Hughes was born with no eyes, and a tightening of the joints which left him crippled for life. However, as a child, he was fitted with artificial eyes and placed in a wheelchair. Before his first birthday, he discovered the piano. His mom said, "I could hit any note on the piano, and within one or two tries, he'd get it." By his second birthday, he was playing requests (You Are My Sunshine, Twinkle Twinkle Little Star). His father was ecstatic. "We might not play baseball, but we can play music together."Today, Patrick is a junior at the University of Louisville. His father attends classes with him and he's made nearly all A's, with the exception of 3 B's He's also a part of the 214 member marching band. You read it right...the marching band! He's a blind, wheelchair-bound trumpet player; and he and his father do it together. They attend all the band practices and the half-time performance in front of thousands. His father rolls and rotates his son around the field to the cheers of Patrick's fans. In order to attend Patrick's classes and every band practice, his father works the graveyard shift at UPS. Patrick said..."My dad's my hero."But even more than his unbelievable musical talent, it was Patrick's "attitude of gratitude" that touched my soul. On stage, between songs, he would talk to the audience about his life and about how blessed he was. He said, "God made me blind and unable to walk. BIG DEAL! He gave me the ability...the musical gifts I have...the great opportunity to meet new people." When his performance was over, Patrick and his father were on the stage together. The crowd rose to their feet and cheered for over five minutes. It gave me giant goose bumps!My life was ready to meet Patrick Henry Hughes. I needed a hero, and I found one for the ages. If I live to be a hundred, I'll never forget that night, that smile, that music, but most importantly, that wonderful "attitude of gratitude."I returned to Chicago and shared Patrick's story with my wife, my friends, and our team at Simple Truths. About two weeks later, I received a letter from a friend. He said, "Mac, I don't know who said it, but I think you'll love this quote." "Life is not about waiting for the storms to pass...it's about learning how to dance in the rain!"I thought...that's it! We all face adversity in our life. However, it's not the adversity, but how we react to it that will determine the joy and happiness in our life. During tough times, do we spend too much time feeling sorry for ourselves, or, can we, with gratitude...learn how to dance in the rain?It almost sounds too simple to feel important, but one word...gratitude, can change your attitude, thus, your life, forever. Sarah Breathnack said it best..."When we choose not to focus on what is missing from our lives but are grateful for the abundance that's present....we experience heaven on earth." ]



That’s it - do not focus too much on what is missing , what you are weak in, what you can not do …. ; Count your blessings, be grateful for what you have, what you are naturally talented in, what you can do … and give your best.

I strongly feel that if we get these perspectives clear - especially the younger generation in their formative stage- much of human despair and suffering can get converted to creative and constructive action. I love visualizing that world !!

PAUSE AND PONDER : sl. No. 2

PAUSE n PONDER

“ Do not let what you can not do interfere with what you can do . ”

John Wooden

Powerful thought , huh ??

What is your take on this ????

How often we waste our precious time, energy and resources on “fixing” or “ trying to prove otherwise” what we can not do , or to put it a little simpler, what we are naturally not wired for, in utter neglect of what we can, what we are naturally wired for ! Of course, that does not mean at all that we should be quick in quitting certain things assuming that we can not do this or do that . No, at times, we just know intuitively that we have a flair for doing certain things as against certain other things that we simply can not do to our satisfaction. And at other times, despite best of conscious & conscientious efforts, things just don’t work out giving enough indication that it’s not our cup of tea ; as against certain other things, that just come naturally to us and give us an “aha” feeling while doing them. Consciously watching out for these defining moments would have us gain insight into our true strengths and natural talents to build further on them and live a life of fulfilment. Focusing too much on our weaknesses would result in wasted opportunities for growth in our areas of strength. Wise people do not let that happen.