Showing posts with label Opinions. Show all posts
Showing posts with label Opinions. Show all posts

Friday, January 1, 2010

3 idiots - emphasizing the need to follow your passion

Saari umar hum mar marke jee liye,
ik pal tho ab hamein jeene dho jeene dho .....

Saari umar hum mar marke jee liye,
ik pal tho ab hamein jeene dho jeene dho .....

(All our life, we have been dead while we were alive, at least for a moment let us live, let us live..)

Give me some sunshine,
give me some rain,
Give me another chance,
I wanna grow up once again ...

The song above pretty much sums up the entire movie from a student's perspective. The pain in Joy Lobo when he just doesnt get another chance to follow up his passion and commits a suicide, haunts you long after you leave the movie theater. As Aamir puts it, Education is supposed to be about learning and growing wiser and not about cramming some lines from a textbook for an exam. In our search for riches and society-defined comfortable life, we lose the emphasis in following our passion, the passion that defines a meaning to our life. And yet, we put our children in the same path thinking about what Mr. Kapoors' and the like would think of our children if they don't become doctors or engineers. And the cycle never ends.

An excellent movie with an excellent emotional and comic mix, 3 idiots touches your heart though it takes some cinematic liberties. At the end of the day, "All izz well"

Do yourself a favor and watch it. If it doesn't make you change your lifestyle and the way of thinking, it will atleast make you think for some time about what your passion is and the meaning of life for you is. It will define the importance of following your passion which would be followed by success and not the vice-versa.

At the outset, I think it's a great move by my friend who chose to leave a society-defined great job and comfortable life style in USA to follow his passion through to India. I sincerely wish him all the very best in his endeavors...

And by the way Happy New year 2010 everyone...

Tuesday, January 20, 2009

Stay Hungry Stay Foolish

A man single-handedly builds an empire out of his vision, a cult following among generations, and as he fights off his personal health problems, a multi-billion dollar company, the shareholders and the whole tech world are eagerly awaiting just the signal that he is fine and we can expect more wonders from this genius. Thats Steve Jobs, the man who brought Apple back to an industry leading giant, a man who never ceases to amaze the world with his unconventional outlook. The speech that he delivered in Stanford is just marvelous, as it continues to inspire me all the time.




Steve Jobs, 2005 Stanford Commencement Address :This is the prepared text of the address by Steve Jobs, CEO of Apple Computer and of Pixar Animation Studios, who spoke at Commencement on June 12, 2005.

I am honored to be with you today at your commencement from one of the finest universities in the world. I never graduated from college. Truth be told, this is the closest I've ever gotten to a college graduation.

Today I want to tell you three stories from my life. That's it. No big deal. Just three stories.

The first story is about connecting the dots.

I dropped out of Reed College after the first 6 months, but then stayed around as a drop-in for another 18 months or so before I really quit. So why did I drop out?

It started before I was born. My biological mother was a young, unwed college graduate student, and she decided to put me up for adoption. She felt very strongly that I should be adopted by college graduates, so everything was all set for me to be adopted at birth by a lawyer and his wife. Except that when I popped out they decided at the last minute that they really wanted a girl. So my parents, who were on a waiting list, got a call in the middle of the night asking: "We have an unexpected baby boy; do you want him?" They said: "Of course."

My biological mother later found out that my mother had never graduated from college and that my father had never graduated from high school. She refused to sign the final adoption papers. She only relented a few months later when my parents promised that I would someday go to college. And 17 years later I did go to college.

But I naively chose a college that was almost as expensive as Stanford, and all of my working-class parents' savings were being spent on my college tuition. After six months, I couldn't see the value in it. I had no idea what I wanted to do with my life and no idea how college was going to help me figure it out. And here I was spending all of the money my parents had saved their entire life. So I decided to drop out and trust that it would all work out OK.

It was pretty scary at the time, but looking back it was one of the best decisions I ever made. The minute I dropped out I could stop taking the required classes that didn't interest me, and begin dropping in on the ones that looked interesting. It wasn't all romantic. I didn't have a dorm room, so I slept on the floor in friends' rooms, I returned coke bottles for the 5¢ deposits to buy food with, and I would walk the 7 miles across town every Sunday night to get one good meal a week at the Hare Krishna temple. I loved it.

And much of what I stumbled into by following my curiosity and intuition turned out to be priceless later on. Let me give you one example: Reed College at that time offered perhaps the best calligraphy instruction in the country. Throughout the campus every poster, every label on every drawer, was beautifully hand calligraphed. Because I had dropped out and didn't have to take the normal classes, I decided to take a calligraphy class to learn how to do this. I learned about serif and san serif typefaces, about varying the amount of space between different letter combinations, about what makes great typography great. It was beautiful, historical, artistically subtle in a way that science can't capture, and I found it fascinating.

None of this had even a hope of any practical application in my life. But ten years later, when we were designing the first Macintosh computer, it all came back to me. And we designed it all into the Mac. It was the first computer with beautiful typography. If I had never dropped in on that single course in college, the Mac would have never had multiple typefaces or proportionally spaced fonts. And since Windows just copied the Mac, its likely that no personal computer would have them. If I had never dropped out, I would have never dropped in on this calligraphy class, and personal computers might not have the wonderful typography that they do. Of course it was impossible to connect the dots looking forward when I was in college.

But it was very, very clear looking backwards ten years later. Again, you can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something - your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life.

My second story is about love and loss.

I was lucky - I found what I loved to do early in life. Woz and I started Apple in my parents garage when I was 20. We worked hard, and in 10 years Apple had grown from just the two of us in a garage into a $2 billion company with over 4000 employees. We had just released our finest creation - the Macintosh - a year earlier, and I had just turned 30.

And then I got fired. How can you get fired from a company you started? Well, as Apple grew we hired someone who I thought was very talented to run the company with me, and for the first year or so things went well. But then our visions of the future began to diverge and eventually we had a falling out. When we did, our Board of Directors sided with him. So at 30 I was out. And very publicly out. What had been the focus of my entire adult life was gone, and it was devastating.

I really didn't know what to do for a few months. I felt that I had let the previous generation of entrepreneurs down - that I had dropped the baton as it was being passed to me. I met with David Packard and Bob Noyce and tried to apologize for screwing up so badly. I was a very public failure, and I even thought about running away from the valley. But something slowly began to dawn on me - I still loved what I did. The turn of events at Apple had not changed that one bit. I had been rejected, but I was still in love. And so I decided to start over. I didn't see it then, but it turned out that getting fired from Apple was the best thing that could have ever happened to me. The heaviness of being successful was replaced by the lightness of being a beginner again, less sure about everything.

It freed me to enter one of the most creative periods of my life. During the next five years, I started a company named NeXT, another company named Pixar, and fell in love with an amazing woman who would become my wife. Pixar went on to create the worlds first computer animated feature film, Toy Story, and is now the most successful animation studio in the world. In a remarkable turn of events, Apple bought NeXT, I retuned to Apple, and the technology we developed at NeXT is at the heart of Apple's current renaissance. And Laurene and I have a wonderful family together. I'm pretty sure none of this would have happened if I hadn't been fired from Apple.

It was awful tasting medicine, but I guess the patient needed it. Sometimes life hits you in the head with a brick. Don't lose faith. I'm convinced that the only thing that kept me going was that I loved what I did. You've got to find what you love. And that is as true for your work as it is for your lovers. Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven't found it yet, keep looking. Don't settle. As with all matters of the heart, you'll know when you find it. And, like any great relationship, it just gets better and better as the years roll on. So keep looking until you find it. Don't settle.

My third story is about death.

When I was 17, I read a quote that went something like: "If you live each day as if it was your last, someday you'll most certainly be right." It made an impression on me, and since then, for the past 33 years, I have looked in the mirror every morning and asked myself: "If today were the last day of my life, would I want to do what I am about to do today?" And whenever the answer has been "No" for too many days in a row, I know I need to change something.

Remembering that I'll be dead soon is the most important tool I've ever encountered to help me make the big choices in life. Because almost everything - all external expectations, all pride, all fear of embarrassment or failure - these things just fall away in the face of death, leaving only what is truly important. Remembering that your are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.

About a year ago I was diagnosed with cancer. I had a scan at 7:30 in the morning, and it clearly showed a tumor on my pancreas. I didn't even know what a pancreas was. The doctors told me this was almost certainly a type of cancer that is incurable, and that I should expect to live no longer than three to six months. My doctor advised me to go home and get my affairs in order, which is doctor's code for prepare to die. It means to try to tell your kids everything you thought you'd have the next 10 years to tell them in just a few months. It means to make sure very thing is buttoned up so that it will be as easy as possible for your family. It means to say your goodbyes. I lived with that diagnosis all day.

Later that evening I had a biopsy, where they stuck an endoscope down my throat, through my stomach and into my intestines, put a needle into my pancreas and got a few cells from the tumor. I was sedated, but my wife, who was there, told me that when they viewed the cells under a microscope the doctors started crying because it turned out to be a very rare form of pancreatic cancer that is curable with surgery. I had the surgery and I'm fine now. This was the closest I've been to facing death, and I hope it's the closest I get for a few more decades. Having lived through it, I can now say this to you with a bit more certainty than when death was a useful but purely intellectual concept:

No one wants to die. Even people who want to go to heaven don't want to die to get there. And yet death is the destination we all share. No one has ever escaped it. And that is as it should be, because Death is very likely the single best invention of Life. It is Life's change agent. It clears out the old to make way for the new. Right now the new is you, but someday not too long from now, you will gradually become the old and be cleared away. Sorry to be so dramatic, but it is quite true. Your time is limited, so don't waste it living someone else's life.

Don't be trapped by dogma - which is living with the results of other people's thinking. Don't let the noise of other's opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.

When I was young, there was an amazing publication called The Whole Earth Catalog, which was one of the bibles of my generation. It was created by a fellow named Stewart Brand not far from here in Menlo Park, and he brought it to life with his poetic touch. This was in the late 1960's, before personal computers and desktop publishing, so it was all made with typewriters, scissors, and Polaroid cameras.

It was sort of like Google in paperback form, 35 years before Google came along: it was idealistic, and overflowing with neat tools and great notions. Stewart and his team put out several issues of The Whole Earth Catalog, and then when it had run its course, they put out a final issue. It was the mid-1970s, and I was your age. On the back cover of their final issue was a photograph of an early morning country road, the kind you might find yourself hitchhiking on if you were so adventurous. Beneath it were the words:

"Stay Hungry. Stay Foolish." It was their farewell message as they signed off. Stay Hungry. Stay Foolish. And I have always wished that for myself. And now, as you graduate to begin anew, I wish that for you.

Sunday, November 9, 2008

Notes/Thoughts from an accident

1. Life is too short. A minute or even a second could decide if you will see the next moment..
2. Live every moment of the life as if it is your last moment in your life. You never know what might come up in the next moment.
3. Nothing is permanent. You might not live to think about what you could have accomplished with your life. Spend at least 2-5 mins a day thinking what the day has meant to you, if you were given a chance to re-live the same day, what would you have done differently, and then try to implement that difference in the next day
4. Working out, looking good, trying to impress people don't have much to do when your moment arrives. It doesn't matter. Nothing matters actually.
5. If in each day, you could do something that would make you feel better as a person, as a human being, do it, you can find excuses to tell others, but there is no excuse from your conscience.
6. Procrastination could really be dangerous. If there is something that needs to be done, do it now or else have a fixed plan to do it on a particular day by a particular time. If its a big project split it into pieces and have a fixed time for completing each piece.
7. Before complaining about a thousand things that happened to you today, stop for a moment and be thankful for the fact that you are alive, you lived to see another day in your life, you got one more day to prove your essence in the world, whether you utilized it in the right way is a different story.
8. Have a fixed set of things that you really want to do in your life. Give them fixed years. do a bucket list for yourself and assign importance to them. For example, By 30, I want to own a BMW etc. Work out an exact plan how you would do it, day dreaming won't work, have an exact plan within the means..
9. When a moment can decide your life, live it up, live every minute part of a moment..

Wednesday, September 3, 2008

Lifestyle savings etc. a nice comment from an enlightened person

Lately, thoughts have been springing into my mind as to what I should save for, what my real goals in life are, etc. I was navigating through some links and landed on this post about Lifestyle inflation. More than the post, this comment from Ron made a lot of sense. He sure must be an enlightened person. With his kind permission (haven't received it yet, since I have no way of communicating except leaving a comment on the same blog), I publish it here for my future reference and for any readers. I hope to emulate him some day..

----------------------------------------------------------------------------------

Some very interesting comments and I see everyone is very committed to saving…but I wonder for what? What are you saving for, why do you want to earn more money? I am not being facetious; I really want to know the reason behind your efforts.

One of the seven habits: Begin with the end in mind. I see the blogger has a goal of a million dollar net worth…same question…why? What will having that net worth accomplish? And what are you measuring? And what is the nature of the net worth you are after, specifically?

I mean, do you want a million in equity (say, in real estate) or a million in the bank earning 5%? Two totally different scenarios.

Many people fixate on some number but it is often like leaning the ladder of success against the wrong wall. My clients come to me with that same idea sometimes; that is, to grow their net worth to some magic number as if it will resolve their financial issues somehow.

Look, as a goal I guess a million is as good as any but, really, if you are saving just to reach a number…what is the life you want? What would an ideal day look like, feel like?

Money is a tool…but for what? To build the life you want, IMO. So isn’t that the real goal? What is the life you want and, now, break that up into pieces and cost those pieces out:

The house I want: $x
The car I want: $x
Number of kids: $x

So on and so forth. Then you add that all up and you will have a bottom line and that is your real goal.

I wanted a small but comfortable home in a safe neighborhood and a five year old car that I would keep for five years and then sell and start over. Cost for that: $1,000 a month where I live. Plus expenses: Another $1000 a month.

My savings earn me $15,000 a year ($300K at 5%) and the rest I earn working three days a week doing what I really enjoy doing and what I would do for free if I could afford to do so. And I also manage to save some of what I earn so my savings are growing, as well.

I am married and we have a daughter and we look for all the world like a typical middle-class family. But we pay for it all with 24 hours of work a week; meanwhile both spouses work in all the other houses on the block.

We are not better or smarter, we were just able to decide what we wanted, price it out, and fund it with just enough work to get the REAL job accomplished (the life we wanted). Four day weekends are great!

Good luck!

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Wednesday, June 25, 2008

Dont ever say that you don't have enough time

Nice quote from Pravsworld



If you want to get inspired daily, subscribe to their email list. Its pretty cool :)

Wednesday, June 18, 2008

Mee Sreyobilashi - Suicide is not an option, so is giving up for an entrepreneur

Just watched the Telugu movie Mee Sreyobhilashi. Gist of the story. Around 10 people who are vexed with life and want to end it travel together in a bus to take the bus down to a valley and die together. Their journey to the realization of the value of life is the movie...

The movie spurred a bunch of thoughts. First of all, why should anyone commit a suicide. God has given us the life to live. Life is a challenge, we need to face it. If everyone starts ending their life due to some problems or the other, then what is the essence of life in itself. Death is just the absence of life, not an end to it. No problem on earth is big enough to force any one to death. People who are handicapped or have many other disabilities are living a happy life with tons of self-confidence. Why cant normal people do the same...

And then there is one more way of looking at the whole thing. If living the life symbolizes your dream of making it big, your dream of being a success, giving up symbolizes the death of a life, the death of an aspiration, the death of a hope.. A person never really is a failure until he gives up. One thing is for sure. Every one of us is going to die sooner or later. And that is one thing that we can never avoid. That is one thing we cannot run away from. Then whats the point of living life in an insipid manner. What is the point of giving up... Live life to the fullest and never give up... The day you give up is the day you fail, whether you give up your hopes or dreams or even your life... Dont quit your hopes, your aspirations, your life...

Monday, April 28, 2008

Too smart or too novice in Java: Relevance of for loops

During the course of my work, I have had to fix some code written by others and modify existing code for enhanced functionality. In one of such projects, I encountered this piece of code written by someone


for(boolean valid = false; !valid; valid = true)
{
try
{
sp = spf.newSAXParser();
parser = new ProjectParser();
sp.parse(projectFile, parser);
}
catch(Exception e)
{
e.printStackTrace();
log.throwable(e);
throw new RuntimeException((new StringBuilder("Unable to parse ")).append(projectFile.getAbsoluteFile()).toString());
}
}


Let's see how this for loop works. It initializes a boolean called valid with a value false. The condition is until valid is false. The increment is making valid true. And then inside the loop, the coder wants to accomplish something. Now what is the point of this for loop at all. Was the for loop used because the coder didn't know that loops are used for, you guessed right, looping. If he/she just wanted it to run only once, then what is the point of using a for loop at all. How different is the below code from the above code.


try
{
sp = spf.newSAXParser();
parser = new ProjectParser();
sp.parse(projectFile, parser);
}
catch(Exception e)
{
e.printStackTrace();
log.throwable(e);
throw new RuntimeException((new StringBuilder("Unable to parse ")).append(projectFile.getAbsoluteFile()).toString());
}


This would execute the code only once and that is the desired behavior that was accomplished by using the for loop for once. I think keeping your code clean and staying away from such unnecessary stuff helps you in keeping your code clean and reducing any unwanted bugs. Why turn the hand around the neck to eat something when you could directly eat it.. Is this trying to be too smart or being too much of a novice to know what loops are used for. Or is there something, that I am missing that is something great that I haven't realized in using this type of code. If someone could elaborate, I would be glad...

Friday, March 14, 2008

Pay auto/car Loan or Invest in a CD or other investment. When do you break even

The previous post of mine on auto loan had lots of discussion and ifs and buts. I decided to make it pretty simple this time. Here is the case. You have $10000 with you today, that you can use to pay off a car loan of equivalent amount which is at a interest rate of 5.5% or you can pay the monthly installment on the car loan and invest the current $1000 you have in a CD or shares..

Analysis
--------

Current car loan = $10000
Interest rate = 5.5%
Term = 2 years or 24 months

From Bank Rate Calculator the equal monthly installment is $440.96

Let us say Best CD rate available is 5% (which is impossible at this time). So the case under study is that you have $10000 in hand today and you have $440.96 from your monthly income available to you to pay the car loan

Pay the car loan
----------------

In this case you paid off the car loan and you put the $440.96 in a Savings account like ING Direct. Let us say in an ideal scenario you are making 4% on your savings account (ING doesn't offer this interest at this time). So putting $440.96 in a Savings account for 2 years, at the end of 2 years, (from dinkytown)

Total = $11,505
Taxes = 28% of (11505-10000) = $421.4
After taxes total savings = $1083.6
After paying taxes, money you have with you = $11083.60

Put in a CD
------------

From Bankrate $10000 at 5% for two years will yield a total of $11,052.

Total = $11,052
Taxes = 28% of (11,052-10000) = $294.56
After taxes, net with you = $757.44
After paying taxes, money you have = $10,757.44

Paying the car versus CD
------------------------

Difference you lose by not paying the car loan and investing in a CD = $11083.6-$10757.44 = $326.16

Incentives for not paying the car loan is the fact that you are only liable to $441 a month, if you lose the job or if you are on bench in consulting, then you have $10000 with you and you are only liable to $441 a month. So, that makes it easier for your mental peace

If you do not put in a CD and invest in shares or something, then what percent interest rate on your $10000 investment justifies your not paying off the car loan? lets calculate that. This means that your $10000 has to become $11,505 in 2 years. Using the formula for compound interest, that would be 7.26% assuming interest compounded annually. That is a very low interest rate compared to gains on Shares. But then, you never know about Shares. You might as well lose your money.

So, that's the calculation folks. Know your facts, analyze your situation and make a good decision :)

Saturday, January 5, 2008

Taare Zameen Par - Because every kid is special...

I haven't done my homework and prepared for the exam well. I was hoping and praying that the exam would get canceled, I was praying to God again and again that something should happen, a flood or earthquake should come so that the exam gets canceled, and I don't fail. Because failing the exam is a doom, that would set a downward spiral on, which would leave me with no future. I won't have a place to live or food to eat in future. What could I do now. The thoughts of "if only" run through my mind as I promise myself, if somehow I pass this exam by God's grace, I will always prepare well for every exam in m life.


Source: Movie Home

And boom, I suddenly wake up in the middle of the night realizing it was just a dream, realizing that I have finished my Masters and am in a stable job making a decent salary and set for a decent career. But why do I still get these dreams. My parents never compelled me for anything. Still there was fear of exams, fear of failing, fear of going nowhere in life, that has captured my thought process so vehemently that even at about one-third of my lifetime, I still get such dreams. Is it a psychological disorder. Of course not, it is the psychological set up of almost every Indian student who has gone through the rigors of Indian system of education, the stress of what the society would say if you fail. Is the fault with the Indian system of education. Nope. the fault is with the societal mind set in India or at least in Andhra Pradesh, where you have to be an Engineer or a Doctor in your life. Other career options don't even exist..

The thought process above was triggered in me, after watching the movie Taare Zameen Par. A wonderful movie that takes us through the journey of a kid who suffers from Dyslexia. Trying to camouflage his inability to read and write like other kids in a cover of stubbornness and frustration, Ishaan slowly loses interest in one thing he is the best at, painting. As Aamir points out, his parents and teachers were seeing the symptoms of the problem, but none try to understand the reason for his problem. It is not that he does not want to read and write, its just that he cannot. Having suffered through the trama himself in his childhood, Aamir sets out to help the kid. With the kids' Dad not understanding the situation, he gets the help of the Principal to get the kid to normality by giving him ample time to learn things his way in his own pace. And guess what, he brings progress in the kid by projecting his positive points and building up his confidence.

A really wonderful movie with superb action from the kid who portrayed the role of Ishaan. Aamir Khan performs well enough, but the best part in the movie is his direction. His sincere attempt at a heart touching story strikes an emotional cord or two by making you fell for the boy, because you have been there! Overall cent percent to Aamir Khan for a honest attempt at a genuine subject, instead of song and dance routine.. Do yourself and your kids or your future kids a big favor. Watch Taare Zameen Par, because it teaches you how to be a real parent. Because it lets you see a child's mindset from his point of view. Perhaps your kid might really benefit from your changed outlook. Perhaps India will see light in careers other than Engineering and Medicine !!

Wednesday, October 31, 2007

How much do you understand your auto loan - Can you find the fault in this calculation?

A small discussion with my room mate brought up the subject of auto loan that I have on my car and why I should / should not pay it off. I have some savings in my savings account and I have an auto loan on my car. If I open a CD (Certificate of Deposit) with Indymac bank they will give me an APR of 5.5% and my car loan is financed by a Credit Union at 5.5%. The argument that my roomie was making was that I should pay off the car loan instead of opening a CD. His reasoning was that, though the car loan and the APR on the CD were the same, I am actually losing money, because on the interest that I earn on the CD, I have to pay a tax. And since I am single and fall in the higher tax bracket, I will end up paying 25%(+) on the interest earned. Which means that I will actually be making around 75% of the 5.5% which is around 4.13% which means that I am losing around 1.37% (5.5-4.13) on the whole amount that I am planning to open a CD with. In a way, it made sense for a brief moment.

But then, further investigation showed that it is not a valid argument to me. Here was my case that I presented. Let us say you have $10000 with you, and you have two choices, put it in a CD for two years at the rate of 5.5%, or pay off your loan which is 5.5% and ends in 2 years. If you don't pay off the loan now, you keep paying it in monthly amounts of $440.96 (Calculation from Bankrate calculator) with your salary. If you put it in CD for 2 years, you make a simple interest of $1130.25 (550+550). Let us say, you pay 28% tax on it. So your net interest earned from that amount after paying taxes off is 72% of 1130.25 which is $813.28 and the total interest you pay on the car loan for these 2 years is $582.96 (Calculation from Bankrate calculator). So I argued that I actually am making $230.32 (813.28-582.96) extra by not paying off the car loan.

Sounds logical right, but the above calculation is wrong because it was one-sided. The reason is, if I pay off the car loan with the $10000, then I don't need to pay them the $441 that I was paying every month, which means that I can put it in a savings account like ING Direct for an APY of 4.3% or an APR of 4.21%. This means that the total amount I make in two years with this monthly savings would be $11541 (Calculation from dinkytown). This means I make an interest of $1541 in two years. After cutting the tax at the rate of 28%, I will be left with around 72% of 1541 which is $1109.52. This means the total I save is this 1109.52 plus the interest I would have paid for the car loan which is 582.96. So the net total I would have saved is $1692.48 So by not paying off the loan today, I am actually losing is $879.20. So the conclusion of the whole calculations is it is better to pay off the car loan, if you have the cash instead of saving in your bank account and having the loan aside and paying monthly payments.

Agreed this calculation has some flaws because of some assumptions. It assumes that the rate from ING Direct will be 4.21%, but since it is variable it can go up or come down. Also, we are assuming that you will have continuous money from your salary, and that you will actually put aside the car loan amount payment in a Savings account instead of spending it on the next cool thing like the Iphone :) It also assumes that you would pay the money off instead of having it in your savings account, which you can withdraw in case of an emergency. You obviously can't get a car loan again on your car in case of an emergency right :) It also assumes you have 10k or the total amount of your car loan with you in your savings. But anyways, under the given set of assumptions, it makes sense to actually pay off the car loan rather than put the amount in the CD or Savings account. One more thing, you can consider is taking the amount from a special offer like 0% APR (be careful with the Balance Transfer fee in the fine print) on Balance Transfer from a credit card company like Citi and paying off the loan, provided you have a good credit history. That way, you don't pay the interest to the auto loan provider and you can pay off monthly amounts to the credit card company. And when the balance transfer offer ends after one year, take another card and transfer the balance to that. All this provided you actually have time to do some research on these and wish to save some dollars :)

Feel free to challenge the above calculations or present counter arguments :)

PS: There is a big fundamental mistake in the above calculation, and the net amount you actually save is $272.19 and not $879.20 as mentioned above. Can you prove this?

Tuesday, October 23, 2007

What do you work for? Money, Fame or a Happy Relaxed retirement??

A lunch time discussion yesterday got me thinking about what do I actually work for.. At lunch, my team lead told us about his friend's Mom who expired at 60. And he was like, I would be pretty disappointed with myself if I die at 60. His reasoning was simple. One works till about 60 years thinking that he/she will retire at 60, and then with all the money saved, he can just relax, buy a great car, and relax and do nothing on that private yacht just sitting down on a chair in the yacht on a sunny day relaxing. But let's say, you work hard and toil till 60 thinking of that day, that you would have enough money to just sit and relax, and guess what, you just die at 60. Then what's all this hard work worth?



You may say, I am doing this for my children. But the point is, you will be tuning the minds of your children, the same way your parents did to yours, as to how important it is to be in top 10 percent in the class, as to how it is important to be educated well enough to lead happy and secure life. And you know what, they will toil just like you do, and the vicious cycle always keeps continuing. No, I am not telling you Rich Dad-Poor Dad story to forget saving to your 401 (k) and paying your bills like the Poor dad and start investing like Rich Dad. Either ways, you are toiling towards something, which you are never gonna enjoy actually. You earn when you should be enjoying, and by the time you have enough money, you do not have age to enjoy your life. The long term benefits are indeed way too long to achieve.

So, does that mean that you should stop studying, or working and then start enjoying your life doing nothing. That is not what I am hinting at. You need to understand and plan, when you need to relax, may be take a year off in thirties and start fresh again, and again take a year off in your forties and relax probably. Yes, you might not get those lucrative pay hikes, and those well deserved promotions in your organization, but come to think of it, it is probably well worth it. If you can't give yourself 1 year out of ten years of your life, then who and what are you living for.. If at all, you live to see your golder seventies and glorious eighties, you will still not regret your taking off those years because you dared to enjoy you life when you had the zeal and the age to enjoy.. Think about it, it might be something that you could put in your achievements to cherish at a later age. May be this might not be the best solution, but it is one of the feasible solutions to balance your craving for a relaxed life and your hectic work schedules..

Saturday, September 8, 2007

Impressing the executives in business meeting with corporate BS catch phrases

Ever seen this sales guy or a highly successful manager uttering highly effective buzz words which catch your attention not because they make sense in that particular context but because these words leave you thinking about the meaning that they are trying to convey. I am sure everyone of us have been there. I ran into this forwarded website which provides you with a list of these high tech buzz words.

Want to generate a quick corporate catch phrase. Click on the button below and get it in the text box below. Click the button as many times as you need phrases..



Your Corporate BS Buzz Phrase:



(Powered by Atrixnet)

To get a list of all the words used for this or to create a buzz word manually by yourself, visit the main site

http://www.atrixnet.com/bs-generator.html?bullshit=precise

Monday, September 3, 2007

Fundamental mistake in Digg web page coding or fooling Diggers??

Everyone knows how famous Digg is today, on the web. So much that Time magazine rated 'You' as the person of the year because of the user power created by Digg. And Digg has opened gates for Developers by providing Digg APIs and contests for the best mashup. All these made me think great of Digg and the way the website is coded, but this fundamental flaw in coding the Digg page leaves me stunned. Is it an oversight or an attmept to fool the users??

Here is what I mean. Find the news dugg by any user on Digg by clicking on their link. I am showing the example with the news dugg by me.



As you can see at the bottom, where I circled, there are links to more than 10 pages with the Next button after 10 ... But if I click on 9th page for example, here is what I see..



Forget about 9th page, if I click on 4th page, here is what it shows..



So, basically, I had dugg 3 pages worth of news, but even in the second page, it shows me links till 10 pages and more as if I had dugg news worth more than 10 pages. Any programmer who has done basic programming would know how easy it is, to control the number of links for pagination. Calculate the number of diggs a user has, divide it by the number of links you show on each page to figure how many links to show for pagination.

I agree that it may not be a show stopper and it might merely be a small bug, but with the Digg team implementing new comments system and opening up APIs, I would surely expect higher standards of coding. Not impressed much Digg team.. So as I said above, is this just an oversight or an attempt to show off a lot of posts to the Digg users. I would side with the former but still expect them to fix this..

Tuesday, August 7, 2007

Getting things done - Using memory where it is actually needed

This post of my previous roommate got me interested in GTD (Getting Things Done). Being the lazy guy that I am, I didn't get to read entirely of the concept and how to use it, but during a quick glance at wiki there was one statement that caught my attention. "If you could do something in less than 2 minutes, you must do it immediately. Procrastination is not going to help you. Another thing of interest is the fact that you should spend your time and brain in what matters the most, in doing things, not in remembering them or in thinking about what needs to be done.

This got me thinking and I realized that I spend more time in recollecting similar things again and again and many times end up not doing it. For example, whenever I do my laundry, most of the times, I forget to put my towels for laundry along with my clothes, and I usually end up going for a second round that is actually not necessary ending up paying $2 more. Not only that, every time I visit Walmart, I spend more time thinking about what I need to buy, than the time spent in finding the item or in getting it at the counter. Inspite of that, I end up missing something or the other making another trip all over again. Then I thought about how my Mom used to do it when I was young. She kept a book and before going to the grocery store, she would think about all the necessary items, make a list of it and take it to the store thereby saving the time to think of things at the store. I wanted to follow this approach, but there is still a problem with this approach. Every time, you will make a list, and during the making you spend your memory thinking of all the items that might be necessary. A small but significant amount of memory is being wasted in this process. Also there is a chance of losing that note book or if it was maintained in a excel sheet, maintaining a lot of them and tracking them is an issue. I thought about this for a little while, and I zeroed down on an approach and this has been working pretty good for me.

Here it is..

List down all the items you would ever buy from a Walmart or a Target in an Excel sheet or even better in a Google Spreadsheet. Look at your past couple of months receipts if you think you are forgetting some. Spend some time in preparing this list, since its only a one time task. Once you feel that your list is as complete as it can get, keep it handy. Every time you visit a Walmart or Target, check against the list and note the items that you are currently out of.. What does this save you. It saves you the cognitive process of recollecting what items you are out of, since you have all the items that you need in the list and you are checking against it.. This does save considerable amount of memory that you could probably use for some other tasks :) This was my approach. If you think of a better approach or you have a better approach that you follow, please don't hesitate to drop a line in the comments..

This is not applicable to just the Grocery list. This is applicable to anything and everything. For example, you can make a list of all things that you would ever need to take to a laundromat, and when you get ready to go there, check against your list, and you know what you missed... If you are a consultant and keep shifting frequently, then make a list of all the places that you need to change address in. The next time you shift, all you have to do is to check against this list. Google Docs is the best place to save this information because, your computer might crash or you might change your system but you will still have all your lists safe. If you are thinking, what if Google goes down, then all I could say is, (though I don't believe this would happen in the near future) Bad time, you need to prepare your list one more time...

Also you can apply this to your goals in life. Make a list of all the things that you want to do. If you could do something in less than 5 minutes, don't list it, just go finish that task and come back. Once you have set up your tasks and goals, arrange them in short term, medium term and long term and also based on their priority. When you have some time to do things, you should use that time to do one of these rather than in 'thinking' what to do at that point of time. This does matter because time saved is time spent effectively.. After all, it makes no sense in spending time in thinking of the same things redundantly like preparing a list from the scratch everytime.... You might come up with a rapidly different approach to your issues, but at the end of the day, the idea is focusing on the tasks than in thinking about the tasks to be done over and over. Good luck...

Saturday, June 30, 2007

Facing fears - essence of optimism for entrepreneurs

Growing up watching the likes of Andre Agassi and Steffi Graf play great tennis in their hay days, the curiosity about the game in my mind only grew with me. While I wanted to try my hand at it in my childhood, I was always afraid of a remark from my friend. He said "If you play at a wrong angle, the game has the potential to break your nerves." God, did I believe that. Perhaps it's true and perhaps it's not. But that stayed in my mind and I never even attempted it. But seeing many people in my apartments playing it, I thought why would I be the only one to break my nerves. I played tennis for the first time yesterday, and boy, did it feel good. I felt I had more exercise than my daily walk on a treadmill burning 450 cals gave me. And also playing a game does makes the difference, because you are not doing it for the sake of doing it (like walking), you are doing it because you love to do it. And what great way to love some physical exercise other than a game like tennis.

The point here is not playing tennis or doing some daily physical exercise. The point is breaking the long associated fears in a person. if I did not take up a racket and stepped on the court, I would have died some 50 years later still thinking I would break my nerves if I played at the wrong angle. Or probably I would have done it some other time in these 50 years but I would have lost all the time in between. So I guess the right thing for a person to do is to actually go there and do it. Many of us hear many a thing from childhood which have such strong thoughts implanted in our minds that we should not do 'this' for this might happen. Until we do not try it once, we will have no idea or proof to base that upon. No, that doesn't absolutely mean that you should try jumping off a roof to clear your fear of heights :) I am only mentioning about smaller fears in life.

Many a time you hear many people say 'This idea will not work out' or that idea has no scope. Never believe them. Approaching any situation with blatant optimism is the right way. I once saw a guy wearing a T-Shirt which said 'I haven't failed. I only found 1000 ways that don;t work. That's the spirit we need to possess. Fear of failure should not stop one from actually attempting something. If we don't have optimism and belief in ourselves, we have nothing. You want to be an entrepreneur, ignore those thousand guys who tell you the idea you have won't work. Try it and check it, you might fail a hundred times, but the 101th time, you have an idea of 100 ways how not to fail. It was definitely not an idiot who said 'Try and try till you succeed.' Faith in yourself, your idea and your capacity to implement can only make you a successful entrepreneur. It's not just about entrepreneurship. It's about anything that appears daunting to you at the first look. Until you try it yourself don't let others' opinions dictate what you want to do. Time to break some fears isn't it!!

Monday, June 25, 2007

An Amazing Conversation - Is God there? - Atheist Professor vs. Theist Student

I cam across this forwarded email which had this amazing conversation between an atheist professor and theist student. Searched about it on net and found several interesting versions and discussions about it on online forums. The conversation is as below:

-------------------------------------------------------------------------------------

An atheist professor of philosophy speaks to his class on the problem science has with God, The Almighty.
He asks one of his new students to stand and.....

Prof: So you believe in God?
Student: Absolutely, sir.

Prof: Is God good?
Student: Sure.

Prof: Is God all-powerful?
Student: Yes.

Prof: My brother died of cancer even though he prayed to God to heal him.
Most of us would attempt to help others who are ill. But God didn't. How is this God good then? Hmm?
Student: (Student is silent.)

Prof: You can't answer, can you? Let's start again, young fella. Is God good?
Student: Yes.

Prof: Is Satan good?
Student: No.

Prof: Where does Satan come from?
Student: From...God...

Prof: That's right. Tell me son, is there evil in this world?
Student: Yes.

Prof: Evil is everywhere, isn't it? And God did make everything. Correct?
Student: Yes.

Prof: So who created evil?
Student: (Student does not answer.)

Prof: Is there sickness? Immorality? Hatred? Ugliness? All these terrible things exist in the world, don't they?
Student: Yes, sir.

Prof: So, who created them?
Student: (Student has no answer.)

Prof: Science says you have 5 senses you use to identify and observe the world around you. Tell me, son...Have you ever seen God?
Student: No, sir.

Prof: Tell us if you have ever heard your God?
Student: No , sir.

Prof: Have you ever felt your God, tasted your God, smelt your God? Have you ever had any sensory perception of God for that matter?
Student: No, sir. I'm afraid I haven't.

Prof: Yet you still believe in Him?
Student: Yes.

Prof: According to empirical, testable, demonstrable protocol, science says your GOD doesn't exist. What do you say to that, son?
Student: Nothing. I only have my faith.

Prof: Yes. Faith. And that is the problem science has.

Student: Professor, is there such a thing as heat?
Prof: Yes.

Student: And is there such a thing as cold?
Prof: Yes.

Student: No sir. There isn't.
(The lecture theatre becomes very quiet with this turn of events.)

Student: Sir, you can have lots of heat, even more heat, superheat, mega heat, white heat, a little heat or no heat. But we don't have anything called cold.
We can hit 458 degrees below zero which is no heat, but we can't go any further after that.
There is no such thing as cold. Cold is only a word we use to describe the absence of heat.
We cannot measure cold. Heat is energy. Cold is not the opposite of heat, sir, just the absence of it.
(There is pin-drop silence in the lecture theatre.)

Student: What about darkness, Professor? Is there such a thing as darkness?
Prof: Yes. What is night if there isn't darkness?

Student: You're wrong again, sir. Darkness is the absence of something.
You can have low light, normal light, bright light, flashing light....But if you have no light constantly, you have nothing and it's called darkness, isn't it?
In reality, darkness isn't. If it were, you would be able to make darkness darker, wouldn't you?
Prof: So what is the point you are making, young man?

Student: Sir, my point is your philosophical premise is flawed.
Prof: Flawed? Can you explain how?

Student: Sir, you are working on the premise of duality. You argue there is life and then there is death, a good God and a bad God.
You are viewing the concept of God as something finite, something we can
measure.
Sir, science can't even explain a thought. It uses electricity and magnetism, but has never seen, much less fully understood either one.
To view death as the opposite of life is to be ignorant of the fact that death cannot exist as a substantive thing.
Death is not the opposite of life: just the absence of it. Now tell me, Professor.
Do you teach your students that they evolved from a monkey?
Prof: If you are referring to the natural evolutionary process, yes, of course, I do.

Student: Have you ever observed evolution with your own eyes, sir?
Prof: (The Professor shakes his head with a smile, beginning to realize
where the argument is going.)

Student: Since no one has ever observed the process of evolution at work and cannot even prove that this process is an on-going endeavour, are you not teaching your opinion, sir?
Are you not a scientist but a
preacher?
Prof: (The class is in uproar.)

Student: Is there anyone in the class who has ever seen the Professor's brain?
Prof: (The class breaks out into laughter.)

Student: Is there anyone here who has ever heard the Professor's brain, felt it, touched or smelt it?.....No one appears to have done so.
So, according to the established rules of empirical, stable, demonstrable
protocol, science says that you have no brain, sir.
With all due respect, sir, how do we then trust your lectures, sir?

Prof: (The room is silent. The professor stares at the student, his face unfathomable.)
Prof: I guess you'll have to take them on faith, son.

Student: That is it sir.. The link between man & God is FAITH. That is all that keeps things moving & alive.

-------------------------------------------------------------------------------------

Pretty interesting conversation isn't it.. Click below to find some interesting comments on the above conversation that I picked up from an online forum from some atheist vs Theist guys..


CLICK HERE
.

Sunday, June 24, 2007

Presenting India - for those who think it is a land of snake charmers !!

Here's an interesting conversation from the movie Namasthey London in which Akshay Kumar replies to an English man who writes off India as a land of snake charmers

"Namasthey, Sir my name is Arjun Singh. Because of 5000 year old culture, we Indians bow and say Namasthey like this and say Pranaam. When we greet one another we fold our hands in namastey because we believe that God resides in the heart of every human being. The kind of culture in which a lady of catholic origin gives up the chair of Prime Minister for a Sikh, and a Sikh takes the oath of Prime Minister from a Muslim President to hold the chains of a nation in which over 80 percent of the people are Hindus. Your mother tongue English is more spoken in India than anywhere else in the world. And probably you do not know that a lot of words in English have their origins from Sanskrit. Sanskrit's word 'Maatr' became Mother in English, 'Bhratr' became brother, 'Giamiti' became Geometry and 'Trikonnithi' became Trigonometry. It may interest you to know that in our land, we have 5600 news papers, 3500 magazines in over twenty one different languages with a combined readership of over 120 million. It is pretty large when compared to your nation. We have reached the moon and back, but yet you people still feel that we have only reached as far as the Indian rope trick and you care to still see a snake on our hands. In the count of doctors, engineers and scientists, Gentleman, we are only behind two other nations in the world. This was a talk of the brains, now let's talk of strength. The world's third largest army is ours. What is yours. And even then I fold my hands in humility before you and bow and say namasthey to you because we don't consider anyone to be smaller or weaker than us and we don't believe we are above or beneath any individual. Namsthey. "

Jai Hind. Jai Bhaarat..

If interested, check out other facts about India which are from a forwarded email by clicking below
CLICK HERE
.

Monday, June 11, 2007

Gandhi/Nehrus - when will the dynasty rule end?

As a child I always liked Rajiv Gandhi, I don't know why, may be he looked like a prince though he was bald, or may be he had that charisma that children would fall for!! I still don't know..

Call it Indira or call it Nehru or now call it Sonia, or now even Rahul, the country has to go through this family, never really understood why, looks like this is a monarchy in rule voted by OUR own people. Does India lack in individuals who hold the caliber of any of these?? Nope, absolutely not, its just that Gandhi or Nehru tag at the end which makes them win the elections and rule the country!! Am I a supporter of BJP. Absolutely not!! I am a supporter of intellectuals taking the country ahead..
But isn't it high time to come out of the notion as to what Indira or Rajiv have done... In a country in which you have to go through such difficult exam as IAS to rule a district, the entire country is ruled by people who come from a DYNASTY.. does anyone really know what Rajiv Gandhi studied or now even Rahul Gandhi has? That clearly is masqueraded in the sympathetic wave created for the family.

As long as people vote looking at the PERSONS rather than POLICIES, as long as people vote for CASTE rather than REMOVAL OF PROBLEMS the country will remian the same. So the question is how do we show the progress that we have. Thanks to able intellectuals like Manmohan Singh and Chidambaram the country is making progress, but alas they still have to lie in the shadows of these GANDHI's and carry on their WHIMS.
Way to go India, my MOTHERLAND....

Can't Rahul Gandhi learn about the lives of people in the rural areas by becoming an IAS officer instead of becoming an MP. Can he become one ever? Oh, I forgot, why does he have to, when he is a Gandhi. Now, one may say, the PAs and Secretaries offering advice to them and other ministers are all officers of IAS cadre. Now, let's say an officer X does offer some good advice for the progress of the country, how many ministers would come forward to implement the same, when they are busy doing 'collections' during the short tenure that they have..

It is high time, we have graduates as MLAs and MPs and Ministers. Without minimum education level set for the 'people's representatives' how do you expect them to solve the problems of the country, when they can never come up with a solution. I am tired of hearing the argument, that a common man, aam junta, cannot become a MLA or a MP then, why not? most of the educated people are common people too, they come from these areas of poverty too, at least they will have a minimum knowledge of what can be done for the country. It is time that intellects become leaders and rule the country towards progress. It is time that parties like Lok Paritran get their fair share in elections and become representatives of the people. Watching movies like Rang De Basanti and forming yahoo groups is not just enough. It is time people start 'thinking' before they vote. The vote should not be for Gandhi or Nehru or for Congress or BJP. The vote should be for progress and development of the nation. Will we ever see the light of that day ever? One can only hope..

Saturday, May 19, 2007

Cricket: A passion that binds the nation, India

I was watching Iqbal movie again today, I guess for the fourth time, and I realized the movie still moves me even after repeated watching. Then I wanted to analyze why is it that a movie with cricket theme moves me so much when I have been trying to dissociate myself from cricket slightly after betting scandals and completely after India's miserable performance at the 2007 World cup. I realized that Cricket is not something you can associate yourself with, or dissociate yourself with, when you want, because it has become an inherent part of our Indian culture, it is in our blood and genes, it is in our minds and heart. In essence, cricket is a passion that binds the Indian nation..

I still remember the days when we the whole of our family used to watch cricket, every time a ball was being bowled to Sachin or Azhar, we would be praying to God that it should be a four or six, for every ball that Javagal Srinath or Manoj Prabhakar bowled, that it should be a wicket taker. We would dance when Indian team would win, eat sweets and celebrate as if it was an achievement in the family. And the day India lost, every one would be filled with gloom, and would scold Indian team members for their failure and decide not to watch it again. But when the next match came, the process started all over again.

The passion for cricket just goes from parents to children as if it were a part of our culture and tradition. When I was in Engineering hostel during my bachelors, it was much more serious. We used to have a TV in the hostel and a big mat in front of it. People would start saving places on the mat an hour before the match and when the match started, it was like a festival. Whistles and claps for every Indian boundary and opposition wickets, boos for Indian failures, what not. The tension would accumulate, and if any of them supported the opposition for their performance, they would get a real beating from the rest of the frustrated fans. Never did it occur to us when there were matches, if the upcoming Finals or Project deadlines needed to be given much more importance. Well, it was cricket time, and rest was all insignificant at that time.

The credit for Iqbal being such a big hit or for Lagaan being such a blockbuster just goes to the successful blending of two things that Indians are so passionate about, Cricket and Cinema. Also, Iqbal highlights a couple of things other than the passion for cricket. The determination of a deaf and mute guy who raises against all odds to hold a coveted place in Indian cricket. The opening scene mirrors a common scene in India, a bunch of people watching cricket together and celebrating Indian victory and Iqbal's mom who is due for her delivery by then, still watches it along with them and celebrates and gives birth to Iqbal. No wonder the boy is born with such passion for cricket. The struggle then starts, with Iqbal being thrown out of Cricket Academy and convincing Naseeruddin Shah to coach him. The scenes that follow show his drive and determination, and with the able support of his coach and parents and his loving sister, he reaches the pinnacle of his career.

Every one of us would definitely remember the days we played cricket on streets, the days when we thought we could be another tendulkar, the days when playing cricket in 120F temperature was just normal, the fights with friends over someone being Out, what not. These are the memories we cherish for our lives. If only the Indian team could realize how much we worship cricket, they would never bow out of World cup so meekly. I still remember the banners that fans used to have during Indian matches. "If cricket is religion, Sachin is God." Is he really, or WAS he? There was this match in Sharjah, a finals between India and Australia, when Australia made a huge total around 280, and the commentator said, It looks like it will be a cake walk for Australia but there is only thing that could stop them, the Sachin factor and yes, the Sachin factor did defeat Australia, Sachin scored a brilliant century to win the cup for India. Gone are those days now, I guess, where Sachin merely stands a feeble shadow of what he once was, trying to hang on to the team at an age he should be retiring, just to keep that 80 crore ad deal alive (I last heard his ad revenue a year was 80 crore).. I am not the one who can comment upon his calibre, but hey, I am fan who has a right to know the reason for his miserable performance in the World cup 2007. Rest of the team, there is no point in trying to discuss them..

I guess the Indian team should be made to sit and watch Iqbal and Lagaan, they should understand that when they play, they are not just playing a match for ad revenue or for public image, but in fact they are carrying the hopes of 1 billion people, who don't work in offices, or study or watch movies during their matches and pray to God not just for their victory but for every ball bowled. If only they realized this, it wouldn't be long before we snatch the World cup from the mighty Australians and show the world our caliber...

Here is a funny interview video of one of my good friend, that throws a satire on Cricket

Wednesday, May 16, 2007

How secure is your entrepreneurial idea?

Most of the techies out there who have a passion for technology, be it Java, be it .NET or any other, have a drive, a passion to be an entrepreneur. You look around you, look at the way things are going around in the IT industry, feel how much better you are than the rest of them, and you get reminded of the song, Anything you can do. But you are not let to do so, because of one reason or the other, the manager above you doesn't want so, or the politics in your team do not allow you to do so, or there is this guy who just opposes you to show off that he is better than you. Though I haven't fortunately experienced such stuff in my work environment, I hear this from many of my friends who face this on a day to day basis. This sows the crop for a desire, a passion to build better technology or to own your own company. And there starts the trouble.

The TV has been discovered, the computer has been, Google has been established and so is Digg. Now if you want to be an entrepreneur, you need an idea to start the whole process of owning your own company. The idea, that killer idea that can take the world by surprise, that idea which would take the competitors a little time to replicate in which you capture a significant portion of the loyal market. But how and where do you get such ideas from. Are they available for sale. Absolutely not. Are they written in books, again a blunt NO. The person who would get the idea will rather implement it and make hay than writing about it to the world. Even if someone were to write a book on ideas, it would still be of no use, because by the time you implement it, the next reader would already have done so. So where do these ideas stem from. From your observations and experiences. Did I say observation, yep. All you need is a sharp look at everything around you, to find out what else is missing around you that you can capture and bring out. I was reading Sabeer Bhatia's interview in this wonderful book Founders at Work: Stories of Startups' Early Days (presented by my roomie on my birthday), where he mentions how they got the idea for hotmail that eventually got acquired by Microsoft for $400 million. He and his colleague were collaborating on a project, when they needed to share ideas via email. But the corporate intranet had put a firewall around to prevent them from using personal email accounts. This is when they got the idea of the utility of a web based email.Now, we may think how dumb should the rest of the people be, to not have thought of the same. Well, thats the power of simple yet powerful ideas. They are all around you, all you need is to just capture them and utilize them

Now, lets say you got the idea. Do you go on keep announcing the same to every one around you, Nope, thats an absolutely bad idea. For, you have no idea, who might come up with a better system than you do long before you can even start implementing yours. This might be weird if you are very strongly passionate about technology and you want to be a part of an open source project. But otherwise, your idea needs to be sold to the right people. Until then, keep it safe, keep it secure, discuss it with your near and dear and friends, but not with that talented guy in the office, to whom you want to show off how more 'cooler' you are, than he is. I liked the approach that Sabeer Bhatia and Jack Smith implemented when they sold their hotmail idea. Sabeer initially had another idea, a database, where users would store the information they need online so that they could retrieve it from anywhere using internet, information like addresses and phone numbers. They would go to the VC's and would tell them about the database idea, and would study the VC. If the VC would ask about their experience and had little confidence about their ability, then would not even inform about the email idea. This worked because if they let their email idea, the VCs who had no confidence in them could have used their idea with someone else. All these guys had was the killer idea and they protected it from the wrong VCs. When they finally met the VC who expressed interest in what they said, rather than their experience and background, they revealed the hotmail and the rest is history.

So the point is, you want to be an entrepreneur, well and good. You don't have an idea, look around, there are lots waiting for you to explore. And if you do get an idea that rocks, think twice before using it to show off to someone else who aren't worth sharing it with. Share it with your friends and family and when you find the right VC who trusts you, rather than the experience and the background you have in the industry, go for it, who know you might be the next Sabeer Bhatia in the making...