Tuesday, 13 August 2013

The Love-hate relationship of Economics and me

Once upon a time....I was in 9th grade. We had introductory economics as a subject to be taught that year. I was fairly excited about the prospects of learning a new subject. But as luck would have it, our economics teacher, who coincidentally was our class teacher as well, liked to be popular with her students. The way she achieved that was picking on the students and making "hilarious" comments about them. 
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May be it was a lack of sense of humour on my part, or may be the fact that I got picked on quite often in her class that I didn't like her. To be teased by the teacher and then got picked up by the rest if the class (some of them still mention those "jokes"), no matter how harmless that humour was for all of them, was not a big confidence booster for me. The consequence, apart from low self confidence, was my hatred of the subject economics and anything even remotely related to it.

But as luck would have it (mystery music playing, Dun Dun Dun...), 'the Girlfriend' is a B.Com. who, of course, loves economics. After much resistance, a bit of tantrums to go along with it, I eventually picked up the book on Investment Banking. The reason was to teach the girlfriend the mathematical concepts involved. However, given 'the Girlfriend' is changing job at the moment (didn't I tell you?) and will no longer require to learn about Investment Banking (IT is a funny field that way), I no longer have that excuse. And yet, every evening after I return from work, I have been picking up the books, searching the net (and finding more material to read) and reading through the concepts of Investment Banking. I have now even progressed and found some pdfs on 'valuations'.
I am not sure how, and if, I will ever use this knowledge in future (and trust me,  I have been trying to find excuses), but I can't seem to keep down the books. Its like a mystery novel that beckons me each evening and I resent any time I have to spend doing other things, including exercising, taking shower or cooking dinner.
I have been trying to convince myself that I will use this knowledge to invest in share market etc., but I know that  reading basic concepts of Investment Banking doesn't make you any smarter about such things. Its a classic concept of more you learn, more you know how little you know. And yet each evening, I am reading the basic concepts of Investment Banking and few other books are now on my wishlist on amazon.
Yeah, yeah, I know. No need to tell me that I am an incorrigible geek. However, it has been a long time since I have found a subject this interesting that I yearn to learn more.
Anyway, time for some more night time reading....


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