Bill Gates is the first person who flashes in front of our mind when he hear of the word Billionaires. We haven’t reached a state where the term Trillionaire is associated with an individual person yet. The world trillion is more talked in reference to the world’s largest economies. One day we will get there where we have an individual with a trillion dollar fortunes Talking about fortune’s lets for a moment think how fortunes are made. The modern billionaires have all made their fortunes courtesy of an economic policy called Capitalism. An institution which encourages wealth accumulation by participation in stock markets. All billionaires of today are what they are because of the zillions of shares they own giving them the billionaires tag. In effect all these billionaires have contributed something to the society of some utilitarian value which they have monetized though the workings of a capitalistic economy.
In the days before the advent of the free market economy and capitalism the richness was associated with aristocracy and nobility. The richness of nobility was quantified on the basis of the extant of their kingdoms and its vast population and the tax revenue the kingdoms generated. The business men in such societies were never able to scale such heights as achieved by the likes of Zuckerberg’s of the modern era. Continue reading Law of Fortune: Who wants to be a Billionaire
I was just wondering what to write about. I started off on my blog not because I planned to start a blog it just happened. I penned some articles regarding my memories of the past cricket world cups as I felt nostalgic thinking about the Cricket World Cup 2015 staring soon in Australia and New Zealand. I shared a few of these articles with my friends who advised me to start a blog and here I am writing one more article for my blog. After I posted all my cricket related articles under the category cricket world cups I added an entirely different category spiritually speaking two categories as different as chalk and cheese. I figured why not. Now that I am committed to my blog I just wondered what to post next.
Thinking of Ideas I went off on a wild goose chase. As I debated If my next article should be on cricket, spirituality or politics I went on a search spree on Google for Ideas related to the content of my next post. I first thought of writing an article on India Pakistan World Cup match tomorrow and make a prediction regarding the result. Trying to pen an article to predict the result of the India Pakistan match I stumbled on a Mathematics Professor’s take on the variables involved in predicting the result of an ODI match. The article Predicting the winner in One Day International Cricket aroused my curiosity and the author was doing mathematical modeling to understand the factors which predict the outcome of a cricket match. That made for some interesting reading and my interest waned off as the research paper became too technical to keep my attention span going. As I finally dropped the idea of posting an article regarding the India Pakistan match I veered and turned to the other category spirituality. Continue reading Cricket and Spirituality: A Tale of Two Mathematicians