What is "Commitment"? Of all the various definitions you can find the one that I am talking about is "The state of being bound emotionally or intellectually to a course of action or to another person or persons". Let’s say for instance, you can be committed to a relationship (person), you can be committed to your health – going to the gym everyday (person and action), or you can be committed towards your house – paying off the loans (object). In its most basic form, you can describe commitment as ‘resolving to do or follow certain thing, no matter what’. But is it a burden? If so, why and how?

Commitment is Paradoxical in its nature. It can either grant you freedom or it can take away your freedom. In most instances it actually takes away your freedom and choices. Now this can be interpreted differently by different people. What is bondage to one, can be liberation to another. Let me give some examples to explain better. You buy a house. And you take a 15-year mortgage. Some may say that getting tied to your income so that installments can be paid every month is a burden. Some others may say that there is freedom to decide what you want and how you want in the house. So there is both restriction and flexibility. You get married. Your freedom to date is gone. But the love and affection you get at home is a luxury. You decide to exercise everyday in the morning. You will be free from aches and pains for a long time but you will lose out on precious moments, time, and money. I hope you understand the different facets of commitment that I am trying to portray here.

So, why is it a burden? Commitment in any form ties you down to certain things. There is a portion of your brain (mind) that gets stuck with the notion and loses any freedom, flexibility and creativity. To put it in better words, life becomes routine, monotonous, and a checklist. Really? Look at the world and the number of different experiences it has to offer. From traveling around the world, to trying different foods, to working in different professions, to living in different places, to undertaking several ventures, so on and so on. If you are committed to be a vegetarian, there is no way you can experience the great sensation of eating the different cuisines they show on the food network (case in point, yours truly). If you are bound by your mortgage forget about spending some relaxing time and enjoyable break working as a Barista. If you have children, forget about traveling to certain destinations as and when you want. Sure you get a house, a well paid job, and cute children, but hey! How long do these things last? A house can become too big or too small or even boring after a while. The well paid job is going to suck the energy out of you and will keep you tied up until you retire. And children, well the jury is open on this one also (just like in the other arguments). If you are unhappy about something today look back and see what decisions you took in the past. You will often see that you committed to something, consciously or unconsciously, that you should not have to.

Don’t get me wrong. I am not saying that commitment is for losers or that commitment should not be made. It is commitment that gives us purpose, a direction, and a chance to make this life more meaningful. Aah, the paradoxical nature of commitment. The answer lies in the very nature of commitment we make. Commitment to all that is mentioned above is fine when made at the right time and in the right spirit. Explaining this aspect provides a challenge. Every human being is a collection of his/her own experiences. What seems evident to one may not be as clear to another. Hence, any argument made towards the aforementioned statements stands to meet a lot of resistance. I will try and then provide my advice to resistors. You are a young man and ready to move into the real world. Explore your mindset. Understand clearly what is it that you want to do. Be honest, be brutally honest. Say you decide to travel the world, work in different countries, learn various languages, and experience different cultures. Please don’t take up a job with a company that does not involve any travel, gives you 2 weeks of vacation, and has a 60 hour work week. Please don’t get married (at least for now).Think! Think! Think! Continue as long as you can go on without feeling any guilt or whatever feeling that shrinks your consciousness. You want to buy a house. Do you have enough savings that can be used to pay off the mortgage when you want to. What if you lose your job? What if you have a divorce? Please don’t buy a house and let the house be your owner.

I would ask my resistors to go over my arguments a few time and then take some time to observe their own life and evaluating their decisions. It is very easy to fall into the trap of "Confirmation Bias". Observe such tendencies. In order to avoid that, challenge yourself. Challenge yourself to listen and read various points of views. Avoid getting frustrated. This line of thinking may not make you feel good but at the same time realize that you now have the knowledge to take further actions judiciously. Read good books such as – Value-Focused Thinking: A Path to Creative Decisionmaking and Thinkertoys: A Handbook of Creative-Thinking Techniques. If you are open to reading scriptures, get a copy of ‘Vasistha’s Yoga’.

I can go on and on about this topic and give numerous examples in order to explain myself further. But unfortunately it is a blog post and I have already exceeded the ideal size limit. So will rest the matter for now.

But apart from returning, I feel I need to say that the essence of this blog will also change. Earlier, this blog had NO essence whatsoever. I wrote about anything and everything that I found interesting or sharing. But going ahead I will be start focusing on certain things that will provide this blog a certain direction, in the hopes that it will attract certain types of visitors. I may not blog about almost everything – from finance to marketing to operations to god knows what. Now that I have graduated from b-school, I will deal with topics that I am currently involved in. It would center mostly around ‘Analytics’ and related fields.

Hope any returning readers or even new readers will behind the information helpful and join me in exploring this exciting area.

This is the only copy I could find on the internet showing that ad. The ad starts at 0:12.

I recently came across Campusfood.com and found it quite convenient to order food from. It has a list of all major restaurants that deliver near the place you stay and helps to coordinate order processing for delivery. From most restaurants that I ordered from, they also had a $1.00 off coupon for next order (can be used within 7 days of prior order). For a student, a penny saved is a penny earned. Moreover the convenience was good enough. That was until I saw that they charged me a 75 cent service fee on my order. C’mon! Shouldn’t businesses such as these charge restaurant owners for a placed order. Maybe they do, but it is not transparent to me. Well, doesn’t the $1.00 coupon offset the 75 cent payment. No. Because the next time I order, I pay 75 cents again. Thus I am essentially 50 cents out of pocket. You may say the sum is small and the convenience makes up for it. No. I just picked up the phone, called the restaurant, ordered my food without the unnecessary service charge. Convenient enough!

The bigger picture here is this. Restaurants are getting visibility on the site, they are gaining business and thus they should the only ones who are charged. The consumers on the other hand, have another option of get the same food at the same price without a fee. So there is no reason why they should be charged. Yes, there may be some benefits to the consumer, but the business model can be better than charging the consumer.

Note that there are a few promotions for the restaurants mentioned on the site. One argument could be that you will not get the savings if you called the restaurants directly. My question to you is – have you tried?

And BTW, have you ever come across a promotion which says free laptop/iPod/etc. and then they make you sign up and pay for services from other companies. Yes, Campusfood.com wants you to do that if you want free cash. Free?

I watched Okuribito (Departures) yesterday, a movie that follows the life of a mortician, an encoffiner. An encoffiner is a person whose profession is to prepare the body of a deceased person and place it in a coffin, especially in a ceremonial or ritualistic manner. Leonor Magtolis Briones, a movie critic, notes, “the encoffiners’ real task is to bring dignity to death, respect to the deceased and solace to those who grieve, and it is not hard to be moved . . . .”

Okuribito is a 2008 Japanese film by Y?jir? Takita. It won the Academy Award for Best Foreign Language Film at the 2009 Oscars.

It is a beautiful movie, but a very difficult watch initially. You feel confident of your capability to withstand difficult scenes, but in here, something inside you gives away. At first you start despising the profession and feel the same kind of emotions as felt by the wife of the protagonist. But slowly, you are awestruck with the beauty of the process, the incredible art, and the relevance of the ritual. It touches you deep within.

I don’t know what motivated me to watch this movie. Perhaps it was the fact that I had nothing else to do at that time. But I am now incredibly thankful for the impulsive decision. Though the movie is about a man’s journey, it has many underlying tones to it. There are quite a few aspects that are so very relevant to our own lives. There was once a debate at my house on how once people take care of their need for food and shelter, they move on to think about supposedly higher level things. The argument surrounded the relative progress made by different civilizations around the world. But in the face of this movie, all those arguments fall apart. Through this movie you realize that a profession can be cherished for what good does it do to the people around us. You may not be making millions (or even thousands) but can live a very simple, satisfying, and beautiful life. The taste of food does not change with how secure you are financially. Those things take care of themselves once you are connected with yourself. And the fact that death is inevitable. In one line of the movie, the main character says (not verbatim) – “My father left this world leaving behind just a carton full of items”. You see what I mean. The movie also showed one of the best husband-wife relationship I have seen ever. It was just beautiful.

The movie is very well made. I am not too keen to speak about the technicalities of the movie because, at one point, it does not matter. But I would like to highlight its music. Its refreshing. Anyone who is motivated to watch this movie must first read the story (at least the gist). Only if you feel comfortable with the subject, should you venture. And even if you do not subscribe to my enthusiasm or assessment, its not a big deal.

I am currently reading The Argumentative Indian: Writings on Indian History, Culture and Identity by Nobel Prize winning Economist Dr. Amartya Sen. In there, a chapter is dedicated to Rabindranath Tagore, one of India’s foremost thinkers.  I have always wanted to know more about Tagore – I grew up in Kolkata in the West Bengal state of India where Tagore, his writings, songs, and music is strongly entrenched in the place’s culture. Not coming from a traditional Bengali family, I never had a chance to read or listen to Tagore’s literature much. I was able to lay hands, though, on some of his translated works. But being a teenager and not much fascinated by poetic compositions, I ignored the stalwart. But Dr. Sen has definitely rekindled my curiosity to explore Tagore’s work. Here is a piece from his Nobel prize winning book, Gitanjali:

Where the mind is without fear and the head is held high
Where knowledge is free
Where the world has not been broken up into fragments
By narrow domestic walls
Where words come out from the depth of truth
Where tireless striving stretches its arms towards perfection
Where the clear stream of reason has not lost its way
Into the dreary desert sand of dead habit
Where the mind is led forward by thee
Into ever-widening thought and action
Into that heaven of freedom, my Father, let my country awake.

1. Various Statistical packages have automated functionality to achieve this.
2. Various options available to impute data. Use business judgement.

Optional

• Run analysis with imputed data and dropped cases
• Check for any significant difference in the models
• Provide necessary details of imputation when presenting analysis

All “risks” have some “uncertainties”, but not the other way around. A good example from Wikipedia is:

We can be uncertain about the winner of a contest, but unless we have some personal stake in it, we have no risk. If we bet money on the outcome of the contest, then we have a risk. In both cases there are more than one outcome.

• The Rubber Room (Source: The New Yorker) – Education
• Shock Waves (Source: The American Scholar) – Iraq War
• The Goldstone Illusion (Source: The New Republic) – Israel Gaza conflict
• The Default Power (Source: Foreign Affairs) – Foreign Affairs
• The Decline of the English Department (Source: The American Scholar) – Education
• Keeping America’s Edge (Source: National Affairs) – Economics
• Is Food the New Sex? (Source: Hoover) – Behavioral Psychology
• Offensive Play (Source: The New Yorker) – Sports

David Brooks also mentions the following sources to get a daily dose of good and meaningful articles:

• Arts and Letters Daily
• The Browser
• Book Forum

Hope you enjoy the articles as much as I did.

This year, unlike before, I have decided to take a few new year resolutions and test my tenacity for sticking to them. They are quite modest but if I do succeed in following them I hope to develop a strong discipline and to experience a sense of achievement. These resolutions will be added as a separate page on my blog so that they are not lost in time and space. It is my hope that I will be able to take a quarterly check and monitor my progress. Any bit of encouragement will surely help. So here they are:

1. Practice my Pranayam, Kriya, and Meditation daily – I consider them very important to achieve a calm and serene mind and I am sure regular practice will help me deal with worldly issues in the best possible way.
2. Read at least one book a month – I am not talking about fiction here. There are so many good books out there that even a life time is less to accumulate all the knowledge. Reading good books does help broaden one’s mind and build different perspectives and that is what I seek to achieve. This will also ensure that my education continues even after my MBA is complete.
3. Blog regularly – Blogging has become a great way to share ideas and make good friends all over the world. I wish to build a platform through which I can share meaningful thoughts and learn from others in the process.
4. Start investing in the stock market with a disciplined approach – Soon my formal MBA will end and I will have no reason to avoid money management, one of them through building a robust long term stock portfolio. I have all the necessary tools and the knowledge so I will make the best use of that to invest intelligently. There will soon be a stock tracker on my site that you will see with my positions and related gains or losses.
5. Take photos more often and build a flickr portfolio – There are a few things that I really enjoy one of them being photography. This year I resolve to take more photographs and build a small portfolio of my photographs on flickr to share with all of you.
6. Do “Seva” (service) – As a citizen of this world, I have some duties towards my community. Hence I will try to find opportunities to take up some activities that will help me connect with people and help them in whatever way I can.
7. Use my time productively – 24hrs in a day should be well spent. My assessment of the previous years begs to remind me that I do waste a considerable amount of time doing things that are merely recreational with no productive outcome. I need to minimize that.

So, as you can see, my resolutions are quite simple and nothing extraordinarily out-of-the-box. They also have nothing to do with work or career. The above list consists of those items that I need to do anyways but I always find an excuse of not doing. But these are also the things that I really consider enriching and fulfilling. Surely, I have to do good in my work, build a great career, and I will definitely work towards that. But doing so is just an order qualifier. To be in control and being able to build a discipline to follow the above seven items will constitute, for me, an order winner.