₦airaland Forum

Life is happy. Trees are happy. They don't have to do anything to be happy, except just be trees. And maybe if you were just you, you'd be happy. But of course, you don't know who or what you are. So how can you possibly be happy? That's why you've got to study Zen. Or something. I mean call it what you want to, but it has to be a way in which you can discover you, so you cannot distinguish yourself from anything or anyone else. Because you, as we both know, think you're somebody, and that's where the problem begins -- because you're really not somebody, you're everybody. And because you're somebody, you objectify yourself into thinking that you are a particular state of being or mind with a past history, a future identity, things you want, need, plans.

Bhumi

Prajapati

Murugan

Bodhidharma

(Zazen music plays in the background and continues throughout the talk.) Zen Master Rama here. Today our topic is, guess what? Happiness! A warm puppy, right? (Rama laughs.) Could be! We'll find out! Our subject today is happiness. And the koan is, happiness is a warm puppy. As opposed to a cold duck? You're in the magical world of Zen, where anything can happen and usually does because it's your life! And in your life, just about everything happens all the time.

It is worth spelling out exactly what kind ofperformance the economists were looking for—and what the efficient market theo rists were not saying. They were not saying that no one makes money in the market, obviously. Most long-term investors do make a nice return, as well they should—otherwise, why would anyone invest?

To Samuelson, therandom walk suggested that thestock market was aglorified casino. Ifthe daily movements ofstock prices are as unpredictable as the daily lotto numbers, then maybe people who make fortunes inthemarket arelike people who win lotteries. They are lucky, not smart. It follows that all the people who advise clients on which stocks to buy are quacks. The favored analogy was, you might as well choose stocks by throwing darts at the financial pages.

This spoiled Bachelier's neat model. Samuelson found asimple fix. He suggested that each day, astock's price is multiplied by aran dom factor (like 98 or105 percent) rather than increased orde creased by arandom amount. Astock might, for instance, be just as likely to double in price as to halve in price over a certain time frame. This model, called alog-normal orgeometric random walk, prevents stocks from taking on negative values.

Huh? Samuelson spotted a mistake in Bachelier's work. Bache lier's model had failed to consider that stockprices cannot fall be lowzero.

Ironically, the unpredictability ofstock prices makes them some what predictable—in a statistical sense. Bachelier believed that stock prices follow arandom walk. This term refers to aclassic exer cise in statistics classes. A drunk has fallen asleep at a lamppost. Every now and then he rouses himself, staggers afew steps in aran dom direction, and collapses for a nap. The process repeats indefi nitely. After many stages ofthis aimless journey, how far is the drunk from the lamppost?

Mathematicians are like a
certain type of Frenchmen: when you talk to them they translate it into their own language, and then it soon turns into something completely different.

Ratna Sambava

Kalarupa

Kalindewi

Kuvera

Anoint yansh

Jesus is Lord

God can impregnate barren women.

In the long run managements stressing accounting appearance over economic substance usually achieve little of either.

I talked to one accountant, a very nice fellow who I would have been glad to have his family marry into mine. He said, “What these other accounting firms have done is very unethical. The [tax avoidance scheme] works best if it's not found out [by the IRS], so we only give it to our best clients, not the rest, so it's unlikely to be discovered. So my firm is better than the others.” [Laughter] I'm not kidding. And he was a perfectly nice man. People just follow the crowd…Their mind just drifts off in a ghastly way…”

You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself

"I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you."

One music

I think liberal art faculties at major universities have views that are not very sound, at least on public policy issues — they may know a lot of French [however].

…a different set of incentives from rising in an economic establishment where the rewards system, again, the reinforcement, comes from being a truffle hound. That's what Jacob Viner, the great economist called it: the truffle hound — an animal so bred and trained for one narrow purpose that he wasn't much good at anything else, and that is the reward system in a lot of academic departments.”

Economists also study how people interact with one another. For instance, they examine how the multitude of buyers and sellers of a good together determine the price at which the good is sold and the quantity that is sold

Economics is a study of mankind in the ordinary business of life.” So wrote Alfred Marshall, the great 19th-century economist, in his textbook, Principles of Economics. We have learned much about the economy since Marshall’s time, but this definition of economics is as true today as it was in 1890, w

Like a household, a society faces many decisions. It must find some way to decide what jobs will be done and who will do them. It needs some people to grow food, other people to make clothing, and still others to design computer software. Once society has allocated people (as well as land, buildings, and machines) to various jobs, it must also allocate the goods and services they produce. It must decide who will eat caviar and who will eat potatoes. It must decide who will drive a Tesla and who will take the bus. scarcity the limited nature of society’s resources economics the study of how society manages its scarce resources The management of society’s resources is important because resources are scarce. Scarcity means that society has limited resources and therefore cannot produce all the goods and services people wish to have. Just as each member of a household cannot get everything she wants, each individual in a society cannot attain the highest standard of living to which she might aspire.

The word economy comes from the Greek word oikonomos, which means “one who manages a household.” At first, this origin might seem peculiar. But in fact, households and economies have much in common. A household faces many decisions. It must decide which household members do which tasks and what each member receives in return: Who cooks dinner? Who does the laundry? Who gets the extra dessert at dinner? Who gets to drive the car? In short, a household must allocate its scarce resources (time, dessert, car mileage) among its various members, taking into account each member’s abilities, efforts, and desires.

Ice cream