Thomas

French economist Thomas Piketty caused a sensation in early 2014 with his book on a simple, brutal formula explaining economic inequality: r > g (meaning that return on capital is generally higher than economic growth). Here, he talks through the massive data set that led him to conclude: Economic inequality is not new, but it is getting worse, with radical possible impacts.

http://www.ted.com/talks/thomas_piketty_new_thoughts_on_capital_in_the_twenty_first_century

"http://www.ted.com/talks/thomas_piketty_new_thoughts_on_capital_in_the_twenty_first_century

WISDOM

The ‪#‎DalaiLama‬, when asked what surprised him the most about humanity, answered, "MAN! Because he sacrifices his health in order to make money. Then he sacrifices money to recuperate his health. And then he is so anxious about the future that he does not enjoy the present; The result being that he does not live in the present or the future: He lives as if he is never going to die, and then dies having never really lived."

Wipro is gold

1000 invested in "Wipro ltd" during 1980's turns up to 50crs now.Nay, that wasn't a crumbling PJ.

Wipro came out with its IP0 at 100 bucks in the year 1980.Your cohorts/associates/relatives/in laws/acquaintances may have delinquently applied for it and received 10 shares in allotment.Check how it changed their lives.

In 1981 company declared 1:1 bonus = 10 shares turn 20 shares

In 1985 company declared 1:1 bonus = 20 shares to 40 shares

In 1986 company split FV from 100 to 10 = 40 transformed to 400 shares

In 1987 company declared 1:1 bonus = 400 to 800 shares

In 1989 company declared 1:1 bonus = 800 to 1600 shares

In 1992 company declared 1:1 bonus = 1600 doubles to 3200 shares

In 1995 company declared 1:1 bonus = 3200 to 6400 shares

In 1997 company declared 1:2 bonus = 6400 triples to 19200 shares

In 1999 company split FV from 10 to 2 = Shares increased 5 times to 96000 shares

In 2004 company declared 1:2 bonus = It increases to 288000 shares

In 2005 company declared 1:1 bonus =Doubles to 576000 shares

In 2010 company declared 3:2 bonus = Shares increases to 960000 shares

So whoever invested 1000 bucks in Wipro in the 1980's would have 9.6 lakhs shares now.Wipro on today quotes around 440rs.So 440*9.6 lakh shares would come to a value of 42crs 25 lakhs.Adding up dividends would escalate the figure to around 50crs.