The Power of Optimism - The Daily Reckoning
The Daily Reckoning by Bill Bonner
On This Day - 10 August 2013
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- By Asad Dossani, Author, The Lucrative Derivative Report


Asad Dossani
The common example used to define optimism is a glass that has 50% of its contents filled. The optimist views the glass as half full, the while the pessimist views it as half empty. This definition is problematic because it implies that there is no difference in the actual outcome of the glass, just in the way we perceive it.

The truth is that optimism has real effects. Numerous studies have shown that optimistic individuals enjoy better health, have better relationships, have higher incomes, and generally better life outcomes. When an optimist faces a problem, they look for the best solution. When a pessimist faces a problem, they simply accept it as the way things are. This is the real power of optimism. Why is this important? Right now, the Indian economy is suffering. Our growth rates are falling, the rupee is tumbling, and corruption continues to get worse. Foreign investors are pulling out of the country because they don't see a bright future for India. In summary, things are not looking good right now.

There is no doubt that our economy needs fixing, and it will not be easy. But where we really need to make a change is in the way we deal with this problem. Too many of us are overly pessimistic about the future. We complain about all the problems that we face, but do not offer much in terms of solutions. For example, if you read articles about corruption in India, you will mostly find out how corrupt our politicians and businessmen are, and what scandal is coming up next. What you won't find is practical solutions to the problem of corruption. There is no optimism and no belief that we can ever reduce the problem of corruption.

We must change our mindset. When we see a problem, we must look for a solution rather than just complain about it. Granted, the average individual does not have the ability to change the system as a whole. But if each of us makes a small positive contribution, we will end up with a much better outcome overall. What the Indian economy needs now is a healthy dose of optimism.

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is a financial analyst and columnist. He actively trades his own and others' funds, investing primarily in currency, commodity, and stock index derivative products. Prior to this, he worked at Deutsche Bank as an analyst in the FX derivatives team. He is a graduate of the London School of Economics. Asad is a keen observer of macroeconomic trends and their effects on global financial markets. He is deeply passionate about educating investors, and encouraging individuals to take part in and profit from financial markets. To put it colloquially, he wishes to take Wall Street products and turn them into Main Street profits!

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18 Responses to "The Power of Optimism"

N.M.R.Shreedhar

Aug 13, 2013

Totally agree with Mr.Asad Dosani--we've become accustomed to being pessimistic and having a gloomy outlook on everything--maybe it's part of the culture of "being prepared for the worst" , we tend to think and plan for worst-case scenarios--which in itself is not a bad thing. But, I feel we should also strive to be positive and maintain a cheerful outlook. As far as financial matters are concerned, I think we should take solace from the fact that things can't get much worse-- having seen so many crises, surely this one will also pass. regds

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N S SRINIVASA MURTHY

Aug 12, 2013

Dear Friend,

Having optimism on issues concerning one's own personal life and in macro issues are two parallels which wont meet.

Simply because we are optimistic about the well being of the country, how are the things going to change? As you mention, each drop contributing to become a part of the ocean?

Optimism is ethereal while national issues are real,my friend.

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wmdesouza

Aug 12, 2013

An unusually limp post from Asad in view of the prevailing conditions- political, economic, governance, etc. What are the optimists solutions ?? Hope ??

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Manoj Kumar Mondal

Aug 11, 2013

Very well said. ‘Charity begins at home’ goes the adage. We all are good at criticizing others. Even the most corrupts are also loud about corruptions in the system. If we (the author included) ever try to do something rather than criticize, chances are we shall realize our own levels of corruption. And understanding and accepting the problem is the beginning of the end of it. Else, there is no question of finding an answer.

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Liju Philip

Aug 11, 2013

Lets look at the problem practically. Who is the most corrupt in India (apart from the politician)? The police, media, bureaucracy, government offices etc. Who are these people who populate these work places? The Indian middle class. These are the same corrupt people who raise the highest muck when the politicians get corrupted, but turn a blind eye at their own corruption. Thats why i always believe that the Indian middle class is the most corrupt and the biggest hypocrites.

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N Nagaraja rao

Aug 11, 2013

Very Good. Just as small drops of water form the Ocean I feel collective positive micro energies put together can change the way we live and the way we are ruled. Yatha raja Thatha praja. Let us start in a small way prescribe a memorandum for political eligibility and fight tooth and nail to enforce it. The youth of today need direction and nobody is capable of leading them. This potential energy of India is being mis-guided and mis-used. Even spiritual outfits are involved in land grabbing and amassing wealth. Anybody raising his voice against mis-deeds becomes a terrorist and an enemy of the country. Today we live in a country of mafias which is ruled by mafias for the mafias. Can a magic like Egypt happen. Merely being optimistic will not help.We need a media to spread optimisim. India was born with strong leaders ; Today we have wrong leaders. Do something start a movement.I am 74 and will join you in the struggle for a clean India ruled not by politicians but by STATESMEN.

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athmanathan

Aug 11, 2013

Politicians should change their mindset. Their selfishness and greed for power and pelf has landed India in dire straits. Even in the seventies the politician visits a constituency with all his stooges accompanying in twenty cars to the ceremony of opening a small elementary school. Till today no politicians is wise enough to accept the fact that there is no need for so many cars or is it necessary that small functions do not require his presence. Mahatma Gandhi set a personal example. But nowadays there is no one to look forward to as a role model. Aping the west and striving to become a super economic and military power will lead us nowhere. We must prioritize our goals.As Swami Vivekananda once said India is destined to be a beacon of spiritual light to the world. Aparigraha is a great Jain virtue which is also extolled in Hindu scriptures. That is, keeping no more than one's requirements should be our goal. There is no need to bequeath wealth for seven generations. A honest day's work is not performed by a bureaucrat. Good officers find themselves lonely when they act against corruption.As the high command is corrupt so are the people down under.

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Hari Apte

Aug 11, 2013

Judicial system is faulty. Hence politicians have taken judicial system in their hands. What Durga Nagpal did was right but the consequence she has to face is not good. Because of our non-logical judicial system, the politicians are worshiped. So the judicial system should conduct only trial. The judgement and the execution of the judgement should be left to politicians. This will make people optimistic.

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s.s.dabholkar

Aug 11, 2013

I totally agree with you.
I do not give bribe to any one and I have found most of works I was able to complete without giving any one paisa bribe.

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Georgy

Aug 11, 2013

Who told you that all are not offering practical solutions to the problem of corruption. Also how can you tell that there is no optimism and no belief that we can ever reduce the problem of corruption. There is much hope and optimism in the future of our India and that is why People like Anna Hazare and Aravind Kejrival are offering practical solutions to the problem, but who is to listen. Only when good people, who are silent, come out and break their silence against corruption, then only the change will happen.

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