Sunday, June 09, 2013
- 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.
- 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