Thursday, April 22, 2010
The Equation
In the totality of life, the essential problem is almost never, a lack of resources. It is lack of intelligent actions.
Lack of sensible decision in one sphere of life could lead to lack of resources in another sphere. And once resources get scantier, the problem becomes a little bit unsolvable, the amount by which the decision was off from the perfect one in the other sphere, to be exact.
Example:
You earn certain amount of money. To grow and live the happiest possible life with that income is a different proposition than increasing the rate at which you earn. To earn more is what I will call, the problem in the other domain with respect to optimal use of what you’ve got. Given a specific income level, there is a worse way, a better way and the best way to use it for achieving maximum happiness. It could be investing wisely, balancing your life-style with your income or many other techniques. The goal is always to increase total happiness. Investing wisely for example does not mean you put up so much for the future that the happiness you will be able to reap in future with the saved money is actually less than the sacrifice you are making today. There is always the best trade-off between different uses of money to achieve the greatest possible happiness. But the subtle point here is, the limit of this happiness is curved by your income level too and that is in a different domain of problem. The amount of money you have is a limiting factor set in the domain of using it wisely.
But if you follow carefully, the argument of lack of resources not being the problem applies to that ‘other domain’ too, and this goes recursively indefinitely. It is not true that you cannot earn more. Given a certain level of potential (intellectual, physical, or whatever it is), you can always find a way to earn the maximum that is possible. Again the limiting factor here is outside the domain, namely, potential, physical possessions for example. Reiterating the point, with the same potential it is possible to earn at different levels only though different levels of intelligence applied in making decisions.
Lack of sensible decision in one sphere of life could lead to lack of resources in another sphere. And once resources get scantier, the problem becomes a little bit unsolvable, the amount by which the decision was off from the perfect one in the other sphere, to be exact.
Example:
You earn certain amount of money. To grow and live the happiest possible life with that income is a different proposition than increasing the rate at which you earn. To earn more is what I will call, the problem in the other domain with respect to optimal use of what you’ve got. Given a specific income level, there is a worse way, a better way and the best way to use it for achieving maximum happiness. It could be investing wisely, balancing your life-style with your income or many other techniques. The goal is always to increase total happiness. Investing wisely for example does not mean you put up so much for the future that the happiness you will be able to reap in future with the saved money is actually less than the sacrifice you are making today. There is always the best trade-off between different uses of money to achieve the greatest possible happiness. But the subtle point here is, the limit of this happiness is curved by your income level too and that is in a different domain of problem. The amount of money you have is a limiting factor set in the domain of using it wisely.
But if you follow carefully, the argument of lack of resources not being the problem applies to that ‘other domain’ too, and this goes recursively indefinitely. It is not true that you cannot earn more. Given a certain level of potential (intellectual, physical, or whatever it is), you can always find a way to earn the maximum that is possible. Again the limiting factor here is outside the domain, namely, potential, physical possessions for example. Reiterating the point, with the same potential it is possible to earn at different levels only though different levels of intelligence applied in making decisions.
Put in so nicely
"In the words of John Lennon: Life is what happens when you're busy making other plans. At The Motley Fool, we firmly believe that saving for tomorrow is not about sacrificing today -- it simply requires striking the right life-money balance. So we'll end this lesson with your moment of Foolish Zen: Living rich and getting rich are not mutually exclusive"
It stays, it glows.
The light of truth can't be extinct. It is only overshadowed, and only for a while.
Monday, April 19, 2010
Friday, April 16, 2010
Is it so
The hardest thing to learn in life is which bridge to cross and which to burn.
- David Russell
- David Russell
Thursday, April 15, 2010
Power of Understanding
Trying to understand something intead of letting the feelings take over, has always done wonders for me.
Sunday, April 11, 2010
Intelligent Morality
If there is ever a conflict between an intelligent decision versus an honest one; guess what: take the intelligent one. Intelligence is the only light you can trust upon. Rest are illusive, evasive and almost always ugly.
Sunday, April 04, 2010
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