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Lessons In Love by way of Economics...s

By PrincessShazee
 

www.nytimes.com

Main Points of Article:

Economics is the study of the allocation of scarce goods and services. What could be scarcer or more precious than love? It is rare, hard to come by and often fragile

1. High-quality bonds consistently yield more return than junk, and so it is with high-quality love. Stay with high-quality human beings. And once you find that you are in a junk relationship, sell immediately. Junk situations can look appealing and seductive, but junk is junk.

2. Research pays off. The most appealing and seductive (that word again) exterior can hide the most danger and chance of loss. Its necessary to do a lot of research on the choice you make. It is a rare man or woman who can resist the outward and the surface. But exteriors can hide far too much

3. In every long-term romantic situation, returns are greater when there is a monopoly. If you have to share your love with others, if you have to compete even after a brief while with others, forget the whole thing.

4. The returns on your investment should at least equal the cost of the investment. If you are getting less back than you put in over a considerable period of time, back off

5. Realistic expectations are everything. If you have unrealistic expectations, they will rarely be met. If you think that you can go from nowhere to having someone wonderful in love with you, you are probably wrong. You need expectations that match reality before you can make some progress. There may be exceptions, but they are rare.

6. When you have a winner, stick with your winner. Whether in love or in the stock market, winners are to be prized.

And let me close with another thought. I am far from glib about the economy. It has a lot of pitfalls facing it. As workers and investors, we know that many dangers lurk in our paths.

But so far, these things have always worked themselves out and this one will, too. In the meantime, they say that falling in love is wonderful, and that the best is falling in love with what you have.



6.

 
   Comments: 17     Raters: 3     July 18, 2008 at 7:11pm         
 

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  Comments on this journal

PrincessShazee (August 4, 2008 at 7:31am)
I agree with you on that one Xee,

I just attending a huge family reunion on Saturday..

MA I saw so many happy married couples..

Marriage can be a very beautiful thing.. it just depends on the mindset of the two involved..
 
xeeshan (August 4, 2008 at 12:52am)
I'd add this as $ 7 : Just like stocks , in all of the (social ) asset classes marriage has the highest risk but at the same time has the potential for highest reward as well .
 
syedmuslim (July 20, 2008 at 5:56pm)
LMAO on the business analogy of marriage. My family has almost always owned a business together, except right now, so I can really relate.

I definetely agree that some people can develop specialized roles where they have a clear comparative advantage to another family member. So, it makes sense for that person to do the work for all in that area. Of course, it should also go that the other person(s) should have a comparative advantage in other areas in which they do all the work. In this way, family members can optimize the trade of goods and services withint their household economy, if you will.

This argument is similar to the free trade vs autarky argument.

LOL at myself for actually putting this in words.
 
PrincessShazee (July 19, 2008 at 1:46pm)
Love and bussiness ha ha...

Just friday I was at a meeting with Kevin Burke.. the CEO of Con Edison..

We were talking about the future of the energy business and our company in general...

In New York City, National Grid (A English company) recently bought out Key Span..

One of our employees asked Mr. Burke whether or not Con Edison would be one day bought out..

Back in the day, it was hard for ANYONE to buy out Con Edison because of the capital needed to buy a billion dollar company.

Now a days, things have changed and it is possible..

He was however, talking about looking for a merger.. is like looking for a Marriage partner.. you want to see how they take care of business and want to make sure the merge will be a successful one..

They almost merged with one company (the name fails me) until they saw they made some bad business decisions in letting certain business secure energy at a price.. typical in this business but they ended up losing money on the deal..

So, Con Edison backed out and they end up sueing each other...

Con Ed recently won that law suit.. not important.. any hoo..

It was funny, how he was describing that its really hard to find a partner.. so who knows if a "merger" will ever take place...

A merger.. in love or in business can not take place unless both partners are healthy, happy and thriving...

* * * * * * * * * * * * * * * * * * * * * * * * * * * * *

I love Mariah Carey's new song.. Loving you long time..


I think marriage is sooo sexy! ;)

www.youtube.com
 
Aasmaan_asl (July 19, 2008 at 1:44pm)
exactly. being a mom is a core competancy.
 
Aasmaan_asl (July 19, 2008 at 1:37pm)
nope. we are not two sole proprieters. we are one company. ONE. but both of us play different roles as opposed to playimg all the roles when we were single. so on issues, someone has to back off. and that someone has to recognize that the other one might just know better. my hubby trusts my intuition. i trust his professional guidance. Company though has ONE CEO. and I am not saying that we are the boss of eachother, just cooperative with me giving him the title. Because, quite frankly, he knows more and i like being taken care of and knowing i am 'safe' and he likes taking care of me.

I am a really logical person who had a really bad marriage trying to do the partnership thing. Ask anyone divorced. make or female will both say the same thing. This is my second marriage and it is AMAZING what happens when you apply my model. but in my model we ARE 'we'. there is just needed deference in situations..
 
Aasmaan_asl (July 19, 2008 at 1:21pm)
Nome -
not me. it helps put a realistic structure around something we can never grasp. My hubby and I were once CEO's of two seperate companies. We had a merger so we can't have two CEO's. But we need to create synergy otherwise our stock price will fall and we'll possibly go out of business. So we have two equally qualified CEO's that suspected synergy's because we recognized that the others core competancies were a positive asset to our respective companies.

But now, we need to decipher those competancies and each CEO that does not have them needs to force themself to stop managing what someone else is better at. Its tough. there are egos, there are different ideal visions, values and mission statements that were not realized until the merger. You can only uncover so much during due diligence...and there can only be one CEO...that perspective really really helps me and my husband understand what in the hell is going on....:)
 
PrincessShazee (July 19, 2008 at 10:09am)
Very true Sabz, and even then a parents love can be conditional.

Interesting.. considering that people change.. situations changes.. that means that YOU may have to let go of an investment whether in love or in money that was ONCE a good stock...

I wish people could understand that! :P
 
sabz02 (July 19, 2008 at 2:33am)
I think the ONLY unconditional love is that of a parent and child relationship and even that at a certain stage in life changes to conditional ...
 
Aasmaan_asl (July 19, 2008 at 1:09am)
Escalation of commitment was first described by Barry M. Staw in his 1976 paper, "Knee deep in the big muddy: A study of escalating commitment to a chosen course of action".. More recently the term Sunk cost fallacy, has been used to describe the phenomenon where people justify increased investment in a decision, based on the cummulative prior investment, despite new evidence suggesting that the decision was probably wrong. Such investment may include money (known informally as "throwing good money after bad")
 
PrincessShazee (July 19, 2008 at 12:57am)
Sabz.. economy and love are both bust for some individuals.. lucky for us..cycle usually work themselves out..

Nome.. totally agree with you.. and of course there is no such thing as unconditional love..

But I think in today's society. sometimes we want to much.. I think while its possible to get your top wants in a partner.. you WONT get everything in ONE partner..

Aasm: Planning on starting my MBA next year.. care to fill a youngin in.. on that theory?
 
Aasmaan_asl (July 19, 2008 at 12:31am)
don't forget about the theory of 'escalation of commitment". All MBA's should know what that is. Also, Sunk Costs.
 
sabz02 (July 18, 2008 at 9:57pm)
I think its safe to say the market has been full of busts so far, am I right Shaz ;)
 
raid (July 18, 2008 at 9:31pm)
So have you found your winner yet, princess?
 
syedmuslim (July 18, 2008 at 8:38pm)
Are you speaking of romantic love or love in general?
 
PrincessShazee (July 18, 2008 at 7:20pm)
Yup! :)
 
mindot (July 18, 2008 at 7:19pm)
NY Times, 7/13? (H)