Charlie Munger on Costco

I am a fierce Costco loyalist. I have been a card-carrying member of Costco for over 20 years, and have bought tens of thousands bucks worth of stuff from the store. It is somewhat comical this habit of mine: to my friends and acquaintances, I keep insisting that they get a Costco membership and buy stuff there. There’s something about Costco that warms the cockles of this economist’s heart. I end up going to Costco about twice a week at least. And since there’s one within a 12-minute walk — less than a mile — of where I live, I sometimes go there just for a slice of pizza. Did you know that Costco is the largest pizza retailer in the US?
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Fermi’s Martians

Enrico Fermi (1901 – 1954), the Italian-American physicist, Nobel laureate, etc etc, asked the famous question “Where are they?” That question became known as the Fermi paradox. The universe should be teeming with life. But the striking lack of any evidence of extraterrestrials is puzzling. Where are they?
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The British Engineered India’s Poverty

Winston Churchill’s statue in London’s Parliament Square defaced June 7, 2020

Prime Minister Narendra Modi’s visit to the UK is generating a lot of enthusiastic support from many, as expected. I don’t waste time on following the hoopla. It’s all a sideshow that wastes real resources that India can ill afford but gets done because those who enjoy the pomp and circumstance don’t bear the costs. Indian taxpayers — which we must remember are not just those who pay income tax but it includes even the poorest of the poor — pay for the politicians, bureaucrats and their hangers-on to live it up. It is another symptom of the deep malady that inflicts India: Colonial rule.
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Cult of Personality

People all across the world follow personalities. There’s something in the human psyche that makes this particular failing so prevalent. Perhaps it confers some selective survival advantage to groups that follow personalities instead of principles. Maybe principles-based thinking is hard for people and there are gains from “outsourcing” the thinking to some chosen person who is believed to be wiser. It shows up everywhere, from messiahs (Jesus is the prototypical example), to gurus (the Pope and other charlatans come to mind), to politicians (Mohandas Gandhi, Hitler, Stalin, etc are exemplars of this breed).
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Who won the Nobel Prize?

Actually nobody “won” any Nobel prize in anything ever. Nobody wins a Nobel prize in anything simply because “to win” implies a contest that participants engage in. Nobel prizes — and other prizes of that nature such as the Indian “Bharat Ratna” — are awarded to certain people or institutions based on the judgement of a select group of people. This process of selecting an awardee is more subjective than say the process by which we decide who won the 100-meter dash in the Olympics in 2004 because in the latter uninvolved bystanders can agree whether or not Charlie crossed the finish line ahead of the other sprinters. In the case of Nobel prizes, people outside the selection committee can — and do — disagree with the judgement of the committee.
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Renaming Aurangzeb Road: A Proposal

Indian politicians talk a very loudly talk about India being a democracy, meaning Indians have some say in what happens in India. But when it comes to reality, they are understandably reluctant to put their money where their mouth is. Indian democracy should not be limited to Indians merely having the vote for choosing who is going to be their mai-baap, to dictate to them. To be meaningful, democracy should be extended to the relatively unimportant matter of people deciding who are worthy of being honored by having major roads, schemes and institutions named after them.

So far, most of the major roads, institutions and public schemes have been named after members of the Nehru-Gandhi clan. It’s high time to change that high-handed, dictatorial method and go with a more “democratic” process. The means exist. A significant proportion of the population has the means to vote for all proposed name changes — and there’s a crying need to change all those names. Here’s my proposal.
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Naming “Dr” APJ Abdul Kalam Road: The Administrator

The proposed renaming of “Aurangzeb Road” into “Dr APJ Abdul Kalam Road” is doubtless an improvement. It marks a welcome transition from honoring an ancient terrible tyrant to honoring a contemporaneous much-admired administrator who passed away very recently. It could be better but one should be grateful for small mercies in an otherwise merciless world.

I briefly noted in my previous post (“Renaming Aurangzeb Road: The Tyrant“) the tyranny of Aurangzeb. Here I will consider why I believe that we could do better than renaming the road after Mr Kalam. I don’t harbor any illusions that my views will be taken seriously by anybody, least of all the hordes of “Dr” Kalam fans whose first knee-jerk reaction to my characterization of Mr Kalam is name-calling. A thick skin is the first requirement for being a contrarian. I wouldn’t get in the business of calling bullshit if I couldn’t tolerate the reaction from the purveyors of bullshit.
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EPIC pictures of the Earth

187_1003705_americas_dxm This is a picture of our earth taken by NASA’s DSCOVR – Deep Space Climate Observatory – spacecraft which is parked in the L1 Lagrange point to observe the sun and the earth. Continue reading “EPIC pictures of the Earth”