“The anti-traditional attitude encourages precisely the contrary tendency, namely the paying of more attention to applications than to principles, to effects than to causes, to symptoms rather than to disease — and still less to health —, to the absence of open warfare rather than to the things that make peace.
This mental habit, which is all the more dangerous in that it is largely unconscious, lies at the root of most of our troubles, and so long as it is prevalent among us we shall be condemned to remain the dreamers that we are, instead of the men of awareness that we might be.”
“The anti-traditional attitude encourages precisely the contrary tendency, namely the paying of more attention to applications than to principles, to effects than to causes, to symptoms rather than to disease — and still less to health —, to the absence of open warfare rather than to the things that make peace.
This mental habit, which is all the more dangerous in that it is largely unconscious, lies at the root of most of our troubles, and so long as it is prevalent among us we shall be condemned to remain the dreamers that we are, instead of the men of awareness that we might be.”
— Marco Pallis, “The Active Life”
BY Перечитывая Генона
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Tata Power whose core business is to generate, transmit and distribute electricity has made no money to investors in the last one decade. That is a big blunder considering it is one of the largest power generation companies in the country. One of the reasons is the company's huge debt levels which stood at ₹43,559 crore at the end of March 2021 compared to the company’s market capitalisation of ₹44,447 crore.
That growth environment will include rising inflation and interest rates. Those upward shifts naturally accompany healthy growth periods as the demand for resources, products and services rise. Importantly, the Federal Reserve has laid out the rationale for not interfering with that natural growth transition.It's not exactly a fad, but there is a widespread willingness to pay up for a growth story. Classic fundamental analysis takes a back seat. Even negative earnings are ignored. In fact, positive earnings seem to be a limiting measure, producing the question, "Is that all you've got?" The preference is a vision of untold riches when the exciting story plays out as expected.
