Learning from the little ones

We went to a bakery yesterday evening in Lucknow. My daughter aged 10 was quietly enjoying the sandwiches, while I like a doting papa was just watching her.She saw a complaint/suggestion box nearby, and asked me,"Papa, Would you like to suggest something to improve the service here."Promptly, I answered in the negative.My daughter looked at me and had this to say."You are a managenment student, papa, and you should or rather must think of something."I was just left speechless , and thought to myself that we all must think about improving things wherever we go and also put it in writing. Children can teach so much to us ,and also shake us out of our stupor.

Investing in Stocks

Beware retail investors. The graph clearly shows that your investment is highest just before the crash. It often happens because people think that they have probably missed out on the party, and therefore enter at the wrong time.You should be buying when everyone sells and viceversa.

Parkinson's Law

This old adage explains so much of what happens in our daily life.The law first propounded by Parkinson in 1955, resulted out of his experiences with the British bureaucracy.Consider the following:

• Work expands so as to fill the time available for its completion.
• Data expands to fill the space available for storage.
• The demand upon a resource tends to expand to match the supply of the resource.

A second aphorism, attributed to Parkinson and sometimes called "Parkinson's second law", is "Expenditures rise to meet income".A modern version is that no amount of computer automation will reduce the size of a bureaucracy.How True!Some things will never change.