Shame, Shame, West

The next scam is here.

Please don’t get fooled.

Unfortunately, many already are.

You see, the storyline is so, so believable.

However, only on the surface. A few scratches, and the story falls apart.

There is something about human intelligence. Behaviour. Instinct. Decision making prowess. Mental synthesis.

Everything described here, …

… AI is not.

So, why give it that status?

What’s the agenda?

Ohhh, there’s a very solid agenda, and since one can’t fool all the people all the time, we see through the bullsh**.

First up, Western IT is hugely, hugely over-invested. Neck deep. Rational minds in other parts of the world are not. The occident needs ratification and burden-sharing. Orient is not biting. So make it bite. Unleash a scam. Perhaps it was a sop allowed through in the recent trade deal, since some of the spin doctors being utilized are actually Indian.

Secondly, rendered useless? Give us a break. Spun yarns don’t render useless quality, zero-debt, free cash-flow rich, lean, diligent companies. On the contrary, agility and versatility allows such companies to adapt very fast, particularly owing to huge spending power and zero obligations. Indian IT is adapting, FAST, and whatever artificial crashes are being caused owing to the foolishness of pigs, are buying opportunities. PERIOD.

Thirdly, what kind of a track record do the likes of current disruptors have? Like, four years. In other words, NOTHING. Current disruptors have no experience, themselves, in emerging successfully from disruptions. Indian IT has been navigating, SUCCESSFULLY, through all disruptions since the ‘80s. So, like, Western AI, garner a track record first, then talk. Also, an announcement alone, that you are potentially capable of doing XYZ, is not going to cut it.

Please remember, the problem with AI is, everything functions supremely till it doesn’t. That’s the point where the value of human capital is realized, to navigate mankind successfully through and out of the dead end. A dead end in critical ventures is not acceptable. Writing Indian IT off for dead is wishful thinking and reeks of a jealous to the hilt society that fumes with envy at the cash-richness, the zero-indebtedness, the ability to adapt at amazing speeds, the start-up laden clean balance-sheets etc. etc. etc. of Indian IT. Shame, shame, West.

Rounders

West’s got…

…woes, …

…currently being voiced in…

…Dawoes.

World Economic Forums come and go.

We’re not looking for flavours of the season.

And what’s our game?

Growth.

Ok.

With value.

How?

Reasonable price. Good dip on chart owing to current theatricals.

How do you measure value on a chart?

You can use conventionally accepted systems like Fibonacci, or you can make up your own systems too, whatever works for you.

Example?

First I’ll give you an example from Fibonacci.

Ok.

I’ll be buying into Growth below midpoint between 61.8% and 78.6% dip on a Fibonacci retracement.

Why?

That’s when the rubber-band is really being stretched, and beyond.

And what if the fall goes beyond 100 on the Fibonacci.

So be it. Change the retracement starting point to one pivot below. You now have a new Fibonacci. Buy below your band, defined just above.

Oh, so you’ve kind of re-assembled Fibonacci usage for yourself.

Ya. Anyone can do it.

Give me a more unique example. Something that’s your own.

I have the round number thing.

Being?

When all levels under consideration are broken or met, that’s when I activate ‘Rounders’.

Ha! Nice touch with the nickname!

:-).

Tell me about Rounders.

Well, at this point, when everything else is broken or met, and you’re poised to enter, you ask yourself just one more question.

Which is?

What’s the one round number below? 1000? 100? 50? 25? 10? 5?

5s are round numbers?

For scrips quoting in double digits, very much so.

Ok, so what of the one round number below?

Below this point, look for a break by about a percent, and buy there.

Sucking out all the value that’s possible, are you?

One takes what one can get.

What if you don’t get your buy?

So we don’t get it. Period. Soldiers are intact to fight another day. We wait for a few sessions and end up getting our price. Or not. In which case we deactivate Rounders if we are that keen to enter, and then we go for it.

I see. Soldiers?

Capital deployed into untriggered trade. This one’s no big deal either, by the way. Jesse Livermore used to buy three points below support, I believe.

Were you inspired by Jesse regarding Rounders?

I’ve read and re-read a lot of his books, so, perhaps.

But the name you’re using is yours.

It is. Rounders is a name I’ve given.

How come you gave a name?

Cheap thrills. 🙂