Leisure, Lifestyle & Wellness
Nassim Nicholas Taleb's New Year Resolutions for 2015

From the author of Fooled by Randomness, comes a list of resolutions that could work just as well if used a list of general rules.


For a man who won big betting against the bull market before the 2008 crisis, Nicholas Nassim Taleb actively avoids discussions on finance. Taleb is a writer of two bestsellers, Fooled by Randomness and The Black Swan. Taking time off from his usual rants about Anti-fragility, epistemological sufficiency and risk management, for the coming new year, Taleb has come up with a list of resolutions, tongue firmly in cheek every now and then.


The resolutions are as follows:


  1. Call someone who has no friends, just to say hello, letting the person know that you do not need him/her. Have coffee with lonely people twice every month.

  2. Do not read more than one new book every week- if needed re-read (and read no book you wouldn't re-read). Do not write more than two hours a day. Walk two hours a day regardless of the weather. Do not go to the gym more than 5 times in any given month and/or do not spend more than 30 minutes per visit.

  3. Fast one day a week on average. Eat meat only on festivals, but then splurge.

  4. Respect the janitor more than the chairman and respect those who respect the janitor more than the chairman.

  5. Do not read the latest breakthrough experiment in psychology about, say, the effect of taking cold showers on grammatical ability. Better even read nothing about “these” experiments.

  6. Read no book written by, or co-authored with, a journalist.

  7. Pick a lobbyist (preferrably Monsanto/GMO) or some economist harmful to the collective and make life miserable for him, especially if the reaction entails some personal and reputationjal risks for you.

  8. Give to someone who needs money but doesn't ask for it while finding an excuse to preserve his/her dignity.

  9. Use courage and wisdom, not labour, to make money

  10. In the end realise that you are only as valuable as the risks you are taking for the sake of the collective.

Source: https://twitter.com/nntaleb/status/550273244289585152/photo/1


SEBI bars eight entities from markets for 10 years in Cals GDR issue

While restricting eight entities from accessing markets for 10 years, SEBI also asked Gagan Rastogi and Asiatexx Enterprises to repay unlawful gains of $92 million along with an interest of 6% per annum


Market regulator Securities and Exchange Board of India (SEBI) has barred eight entities from the markets for 10 years in the Cals Refineries Ltd global depository receipts (GDRs) issue. SEBI, in its final order also asked Gagan Rastogi and Asiatexx Enterprises Ltd to repay unlawful gains of $92 million along with an interest of 6% per annum.


Those barred by SEBI from accessing markets include, Devanathan Sundararajan, Sarvesh Goorha, Ravi Chilikuri, Sanjay Rai Malhotra, Honor Finance Ltd, Asia Texx Enterprises Ltd, Gagan Rastogi and Deep Rastogi.


Earlier in October, the market regulator had directed Cals Refineries not to issue equity shares or any other instrument convertible into equity shares or any other security, for 10 years.


SEBI said its investigation in the manipulation of GDR issuance by Cals Refineries found seveal irregularities. "Funds of Cals were siphoned off to the accounts of its promoters under the pretext of payment for refinery parts. Certain directors and promoters of Cals enabled the company to provide financial assistance in the form of guarantee to create illusion of successful GDR subscriptions. All these activities were done without the knowledge of other shareholders of Cals. In addition, the persons in charge of the affairs of Cals who were aware of the fraudulent activities related to GDR issuance of Cals concealed material information regarding its GDR issue to mislead investors of Cals and SEBI," the market regulator said.


The case is related to alleged market manipulation in trading of GDRs -- a financial instrument used to raise capital overseas -- of certain companies including Cals Refineries.


Indian govt cracks whip on sites hosting ISIS content?

According to reports, many ISPs have blocked several sites, like Vimeo, Github, Sourceforge.net, Dailymotion and Archieve.org for allegedly carrying anti-India content from ISIS


The Indian government has reportedly blocked several websites like Github, Pastebin.com, sourceforge.net, Vimeo and Dailymotion. While there is no official confirmation, Arvind Gupta, head of ruling Bharatiya Janata Party (BJP)'s National IT Cell tweeted that the sites have been blocked as per the advisory from Anti-Terrorism Squad for carrying anti-India content from ISIS.



Popular video networks like Vimeo and Dailymotion are among the websites that have been blocked. While Github is a web repository for software code, Weebly is a website host, and Daily Motion is a video hosting service. The blocked list includes broad URLs, like archive.org that hosts lakhs of books out of copyright.


According to a report from Economic Times, following directions from the Department of Telecom (DoT) and letters on 17th and 19th December, several internet services provider (ISPs) have blocked over 60 websites.


"While some internet service providers are yet to block these websites, many users have been reporting frequent outages in these web services over the last two weeks," the report says.


However, several of the ‘blocked’ websites, like Vimeo were found working. According to Gupta, sites that have removed objectionable content are being unblocked.



We are listening!

Solve the equation and enter in the Captcha field.

To continue

Sign Up or Sign In


To continue

Sign Up or Sign In



The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)