A Simple Rule of Economics You Will Not Learn from the Top Ranking Universities of the World

 


Some guys are specialists in commerce, even they do not possess a certificate in economics. 

Wrapped in a tattered cloak, dust-covered hair, wrinkled face, barefoot, poor sweeper with a half-burnt cigarette in his fingers, once said, 

"While zigzagging and ambling the aircraft if a pilot crashes in a building, it is always economical to get the building repaired rather than chasing the pilot."

In Urdu:  

اگر کوئی  آوارہ جہاز کسی  بلڈنگ وچ  وج  ووج  جاے تو بلڈنگ ریپئر کروا لیں ، ملزم کی تلاش بہت مہنگی پڑے گی 


Moral: Intellect can not be characterized with the certificates earned from Howard, Stanford, MIT,  or DoD.

Comments

Post a Comment

From Akhand Bharat to Disintegrated India

Investing in Failures

Image
  Fresh and young minds generate Ideas. Finally, it is only the disruptive innovative idea that prevails, generated by creative minds. South Koreans trade for second-hand goods using 당근마켓 (Danggeoun or Karrot Market) only. The word 당근 means near you or carrot . Founded by two former employees of KakaoTalk in 2015, the Karrot, a unicorn startup, which facilitates a considerable subscriber base in Korea, won a lead in just a few years. Bearing the carrot logo, the success of Karrot-Market is founded on an idea termed the “6 Km Rule”. Tilling the mobile phone location, the “Karrot-Market” only encourages the people residing within a radius of 6KMs to trade. The six kilometers rule overpowered the flaws in the online business while enabling the users to avoid fraudulent online transactions and make sure the quality of the commodities they are purchasing in direct face-to-face. A tiny but innovative concept of constraining the distance, by exploiting the cell phone built-in user lo...
Read more

Korean Liberation Day (August 15, 1945) - End of Japanese Colonialism (Part-1)

Image
  The National Liberation Day of Korea is celebrated annually on 15 August in both South and North Korea . At the diner, he exclaimed in excitement, "Don't you know, coming Monday is the  Korean Red Calendar Day ."  He is happy about the day, coming after seven long days, I wondered. He stared at me with a sensation of restlessness. He expected me to join him in this excitement. He emphasized it again, " We are going to have an additional holiday on Monday." This time, I smiled to pretend similar feelings. However, I was still thinking about the significance of the coming Monday?  Yasir, our neighbor, enjoys every bit of life, unlike a researcher who always tries to find reason and logic. Then it evoked in my mind, "The National Liberation Day of Korea celebrated annually on 15 August in both South and North Korea.  It commemorates the victory over Japan's colonial rule of Korea that lasted from 1910-1945.   The historical relations between Japan and K...
Read more