I have been holding on to this habit of reading newspapers for more than a decade now. The habit has stayed with me constantly, what’s the only thing that has changed is that I kept shifting to 4 different dailies (genres) in this time span, in-line with my various life stages driven changes in preferences for news.
Newspapers come in various forms, English & Regional, Current affairs & Business, Morning & Evening, etc., Newspapers serve us with the latest events that happens around the world, helping us to be updated on various things that directly or otherwise concerns us.
However, the content appearing on daily dailies also offers interesting stories & inspirations, if only we observe keenly.
In this article, I am covering about what insane insights I derived about “Belief System” from seemingly disconnected articles from my today morning reading. I hope you too find these stories relevant and useful. So read on:
Insight 1: Why your Investment Strategy should contradict your beliefs?
Photo by James Sutton on Unsplash
Tim Cook, the CEO of Apple asked the famous billionaire investor Warren Buffet as to why he is still using a “Flip Phone” instead of the latest I-Phone version, in this age?
Buffet replied, ”I might be little out of touch, but as long as I haven’t gotten one, the market is not yet saturated. The day I get one, there’s probably nobody left after that!”
What a brilliant insight to derive here, esp when Buffet’s Berkshire Hathaway’s 2nd biggest holding is in Apple’s shares!
He has put in billions of dollar investments into a company, despite not personally “believing” in the utility value of the product it makes. This goes to say that, it doesn’t matter whether what you believe is what the universal truth is. On the contrary, you believe in something else, and at the same time the Universe goes in the opposite direction and when it comes to taking business decisions – putting your investment dollars, you should embrace the larger truth by setting aside personal beliefs.
Insight 2: The money isn’t necessarily made within the Rich circles!
Photo by Christine Roy on Unsplash
Mumbai tops the global ranking for EXPAT salaries, as per the research conducted by HSBC Bank International Ltd.
The average annual earnings of foreigners moving to the city is at $217,265, compared to global expat average of $99,903!
With India being a land of huge demographic dividend (60% of the population below 30 years of age), huge consumption story and larger gap to fill on the development side, no wonder global corporations send their most talented to India, esp the her commercial hub – Mumbai, and also compensate them with huge paychecks.
So, against popular belief, the money is not always to be found at the wealthy circles!
Insight 3: Economics is not always a boring profession of standardized jargon
Photo by Colin Maynard on Unsplash
We all, in whatever ways connected to economic studies, would’ve heard terms such as GDP, Inflation, Growth, Per capita Income, etc., All these are widely used by economists to indicate the health of a country in terms of economic prosperity.
Majority of us look at these daunting terms with a sense of fear as they sound heavy and often quite boring. Hence, we have termed these words as Jargon – “any talk or writing that one does not understand”, as per dictionary.com.
Some crazy & belief-defying economic measures are below:
Birth rate tells tales about economic cycles! If people believe that the economy is going good, then they suddenly get more reproductive and give birth to babies.
Alan Greenspan, the former Fed Chief, used to think that the sale of men’s underwear is a very good predictor of economic cycles!
Lipsticks and tooth brush sales were taken in the past as indicators of economic growth, apparently by some “renowned” economists.
Last but definitely not a sane indicator used by some economists – number of unclaimed dead bodies at the morgue to economic health!
We are at the end of the article, the thought that I wish to leave here is that nothing in this world is constant – even the Beliefs that we think are true!
So if you detach yourselves from our self-beliefs and embrace the universal beliefs, you get Smarter & Richer!
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