Tuesday, December 31, 2019
Wednesday, November 6, 2019
Wednesday, October 30, 2019
Saturday, October 19, 2019
Friday, October 18, 2019
Sunday, September 22, 2019
Sunday, September 15, 2019
Thursday, September 5, 2019
Monday, September 2, 2019
Nuggets from the book "Beyond Auditing"
G Narayanaswamy, (92 Years) a protégé
of former Madras presidency Chief Minister C
Rajagopalachari, also served as his auditor, passed away on the 23rd August
2019. G.Narayanaswamy is related to S Gurumurthy, well-known auditor and editor
of Thuglak magazine. He authored ‘Beyond Auditing’, an autobiography.
Some
nuggets from his book:
• Affection has nothing to do with
financial assistance.
• Ones ethical character is as valuable for
success in a profession as one’s competence and intelligence.
• Professional assignment should not be
accepted without knowing the antecedents of the client.
• Satisfied clients become your best Public
Relations Officer.
• Perception of competence has two
components: the speed with which an assignment is completed; and perfection.
• Success is attributed to well-prepared
homework, expeditious disposals and also earnestness
• Success also depends on your patience,
presenting facts in a persuasive and pleasant manner and not to get into an
argument.
• The respect that a professional or any
individual commands would ultimately depend upon his usefulness to others while
knowledge could be improved, intelligence must be applied in all cases.
• Understand what hospitability is; helping
others would give greater happiness; financing is not a desirable occupation;
give utmost consideration to professional opinion; be humble when strong;
finally ego does not take you anywhere.
• Understand the difference between a
debate and discussion. The debate is a discourse where 2 or more people
participate to prove that one’s view is right and another wrong (it is 2-2). In
the case of a discussion, one supplement and improves the ideas of others (it
is 2+2).
…….Compiled
by @ps., August 2019
Sunday, September 1, 2019
Six Rules of aging with dignity:
Words
of Wisdom from Uma Shashikant:
Six
Rules of aging with dignity:
1. Refuse to burden our
children and rule and outliving with them, find a safe and comfortable abode.
2. Accept children help
and support in ways that would not impact their life. Throw entitlement out of
the window.
3. Focus on healthy living
and put up the best fight against lifestyle diseases; accept palliative care,
to manage pain and discomfort and refuse needless intensive medical attention.
4. Seek purpose in our
lives as long as we live; as that might be more important than the elusive
pursuit of happiness
5. Ensure your assets are
put to use by you in your lifetime allocating money for yourselves first,
before leaving behind an inheritance.
6. Focus on giving rather
than hoarding; the best things that life has to offer do not need money or
material; give before you go.
Finally, buy and use a sleek
and stylish walking stick to avoid a fall.
…….Compiled by @ps
Tuesday, August 27, 2019
Wednesday, August 14, 2019
Wednesday, July 31, 2019
Friday, July 26, 2019
Tuesday, July 23, 2019
Monday, July 22, 2019
Sunday, July 21, 2019
Friday, July 19, 2019
Tuesday, July 9, 2019
Sunday, June 30, 2019
Monday, June 24, 2019
Sunday, June 23, 2019
Words of wisdom by Nassim Nicholas Taleb
· You can mispredict everything for all your life yet think that you will get it right next time.
· There is no such thing as bad publicity; some people manage to promote your work by insulting it.
· It is a mistake to use statistics without logic; it is not a mistake to use logic without statistic.
· Conversations and correspondence with intelligent people is a better engine for personal edification than plain library visits.
· That which came with the help of luck could be taken away by luck
· Mild success can be explainable by skills and labor; wild success is attributable to variance.
· Mathematics is not just a “number game” it is a way of thinking.
· Heroes are heroes because they are heroic in behavior , not because they won or lost.
· Volatility seems to be determined not by the actual moves but by the tone of the media.
· Beware the confusion between correctness and intelligibility.
· What sounds intelligent in a conversation or a meeting, or particularly, in the media, is suspicious.
· A book can make a strong impression, but such an impression tends to wane after some newer impression replaces in the brain.
· It clearly costs money to look and behave rich, not to count the time demands of spending money.
· Gambling is best defined as an activity where the agent gets a thrill when confronting a random outcome, regardless of whether he has the odds stacked in his favor or against him.
· We may be programmed to build a loyalty of ideas.
· Just listen while shaken by emotion but not with the coward’s imploration and complaints.
· A mild degree of unpredictability in your behavior can help you to protect yourself in situation of conflict.
· Unpredictability is a strong deterrent.
· We favor the visible, the embedded, the personal, the narrated and tangible ; we scorn the abstract
Source: Fooled by Randomness
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