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Risk, Singledom and Generation gap March 3, 2007

Posted by Sharath Rao in economics, life.
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Its surprising Natasha can’t seem to remember one of her roommate’s names. Okay, at least she is back blogging after what appears to be a long break. She writes about her long battle against the kingdom of singledom within and people outside.

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A new kind of generation gap – where parents think their children are too out of sync with the times 🙂 . Complete article requires paid registration, but check out this small bit.

An increasing number of teens and young adults who were raised in nonreligious or nominally religious families are getting swept up in religious fervor. This is creating a complicated and sometimes painful family dynamic. In a time when many teens are having sex and taking drugs, his parents mostly consider his piety a blessing. They get upset, however, when Kevin explains that he doesn’t believe in evolution. “To me, this is appalling,” says his mother, Karen Byers, who has a doctorate in strategic management and was raised a Methodist. “We get into arguments, and voices get a little louder than they should.” Kevin says: “I don’t want my parents to go to hell for not believing in God. But that is what’s going to happen, and it really scares me.”

What complications, now is the time Karen to put all your knowledge of strategic management to work :-). Growing up, I may have given all kinds of headache to my parents, but this was one complaint they won’t certainly have 😀 .

Being a single educated middle-class male itself seems complicated at times; but as you see it can always be worse.

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On risk and stability:

Start with the commonplace that risk is one side of a coin whose other side is reward. “We all have a taste for it,” he says. “In life, it would be kind of boring if there was no risk. On the other hand if there’s too much risk, too much uncertainty, too much chaos, we can’t handle it either. We simultaneously want order and disorder, simultaneously want risk and quiescence.”

Our conversation, at his suburban New York headquarters, takes place just before the recent market gyrations, but his analysis has a greater ring of verisimilitude than many that filled the media this week. “Right now,” according to Mr. Scholes, “we’re quiet because the lion is tame, and maybe it’s the central bankers of the world who are keeping it tame.” And thus, “Individuals will say, oh, things are now quiescent and will be forever, and they’ll take more risk again.”

He adds: “My belief is that because the system is now more stable, we’ll make it less stable through more leverage, more risk taking.”

Perhaps explains the ‘news’ of why the quietest, most shy, reclusive and academic front-bencher in your high school class who, after eloping with an older married woman of a different caste/religion was caught snorting heroin in your city’s red-light district.

Okay, no more exaggeration for the next 3 days 😀

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Comments»

1. jbrickman - March 3, 2007

interesting. i enjoyed your fantastic bite of sarcasm at the end of this post.

2. raosharath - March 4, 2007

Thanks Mr. Brickman ….one of my school buddies actually called in to ask who I was talking about 😉


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