Curiosity@Intelsense
Weekly dose of learning
May was good for our PMS, especially the Shree Vriddhi fund, which clocked an impressive 7.29%, making it to the top 10 performers list yet again. In the last 2 years since our inception, both Shree Lakshmi and Shree Vriddhi funds have made it to the top performers list multiple times. To know more about our PMS, or to invest in our funds, email us at equity@shreerama.co.in
The details of the two funds in the PMS is explained below.
1.
Why do we clap?
Homo sapiens probably started clapping early in our history, writes psychologist Alan Crawley in a 2023 review of research on the topic. Our primate ancestors, in the absence of spoken language, may have realised they could use the noise to signal the presence of predators, to intimidate opponents, for play, or to highlight opportunities.
In the present day, some primates have been observed using clapping to direct the attention of their peers, or to communicate over long distances. Wild grey seals do it too, while underwater, to show strength and dominance to mates.
The practice of crowds applauding theatre or speech appears to have fully taken off in Ancient Rome. For Roman leaders, clapping was also an audible measure of popularity, akin to an approval poll or social media likes. Some paid to make the applause louder: Nero apparently shelled out to get 5,000 soldiers to do so at his appearances.
So why do we clap? The answer, in short, seems to be: it's the most effective way to make a lot of noise, show our appreciation, and strengthen the social bond that comes from enjoying something together.
2.
Read books on sports to understand management strategy
I thus have a modest proposal for anyone interested in business books: Read books about specific businesses or industries that you already know a lot about. That way, you will have enough contextual knowledge for the book to be meaningful. Of course many people don’t work at a company or industry big or famous enough that there are books about it, so I have a corollary proposition: You will learn the most about management by reading books about sports and musical groups.
Many music and sports books are not only written for obsessed fans, but also written by obsessed fans. Traditional business books, in contrast, are frequently written to get consulting work or on to the speaker’s circuit. The incentive is not to offend anybody and to put forward some “least common denominator” insights, rather than say anything truly original that might be complicated to explain. The end result is a bookstore section that would be mind-numbing to have to read.
Pic of the Week
Thought of the Week
“The way they deal with money is a result of how they think about money, not of how much money they have.”
“Money on its most basic level is a hard fact — either you have it or you don’t. But on its emotional and psychological level it is purely a fiction. It becomes what you let it become.”
~ Kent Nerburn
Video of the Week
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