Here's an intersting anecdote (from an Engineer MBA with CFA) that describes how an "asset bubble" builds up and what are its consequences. Found it amazingly simple to understand so thought of sharing
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Last week I was roaming around Mumbai to get my IBM laptop fixed, was going in a Bus to BKC (Bandra Kurla Complex). I noticed innumerable auto rickshaw's on the road. So much inefficiency!!! More than 19 auto rickshaws out of 25 i counted, were having just one person on board. This is ridiculous
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2 years ago, i was a fitness freak, a frequent visitor to pubs, discs etc, was very much interested in technology related things like computer assembling, coding, hacking etc etc and code editors & compilers were my best friends
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I know its kinda mundane now...but still i will write the same line "It feels great to be back"
one unique thing that i noticed today...
Mahila Vishesha Vahana - Women's Special Bus - Unique PINK buses on bangalore roads; only female passengers can board these buses...so as u would hav guessed its mostly 33% full most of the times...