
Originally posted by strongsville
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Hi folks,
With age and experience comes wisdom. Of course not always, only when people learn from the mistakes that we make and see others making.
So, after my fair share of mistakes (some very costly ones), I have learnt that overconfidence is the worst thing to have. Also arrogance in ones own smartness is equally bad.
One other major thing to be avoided is not to become blind to reality because we made a mistake and do not want to own up and change.
Nataraj. I do not think I'm so powerful that I have formed a gang to be bearish about RE and verbally beat prices down. Such things do not happen even if you have the money power of a Mukesh Ambani.
Secondly, I can't beat my arguments into other's heads. I present my case. Only if others then observe the situation themselves and see some merit in my arguments, they will accept. So, its not as if I have hypnotised them into chanting "wiseman, wiseman!"

Strongsville. Some of us have seen reality and have formed an opinion for better or worse. Its just that Nataraj has to experience difficulties first before he also joins us in our view. Just a matter of timing

No offense, Nataraj. Time will tell. And if I'm proven wrong I will change even before you tell me about it

Oh, btw, prices will definitely go even below 2004, IMO!
And Sridhar. I did my MBA in 1985 from one of the top 5 schools (in that year it was #2 ahead of IIM, Cal). And I got a job as Exec. Assistant to one of the biggest Software persons in India today. The salary was 3.5k only for what was one of the top jobs then. In 1995 salary had already reached 40k. In 1999 it was 150k. Beyond that you can speculate! Have seen the software business for 23 years. Even then, I'm fearful this time

Nataraj may think I'm a bear. But I made my biggest money being a bull all these years. But when its time to be a bear, its time to stop being a bull! Move with times and reality. When the party is over, don't just keep hitting the bottle. Go home, pull on the covers and hibernate

cheers
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