Wednesday, October 22, 2008

The Balance Sheet Effect

Assets = Liabilities. This was one of the first rules I learnt of accountancy in my school days. It stuck to me whenever I sat for an accountancy examination and was the guiding light. Never did I knew how true it would be for my life's balance sheet as well......

Those following this blog would know how many of the good news I have had to share amongst all. Those were good times for me when I thought now I was in control and nothing can go wrong. This was to be but not for long and my worst nightmares started to come true. THE BALANCE SHEET suddenly became unequal. So Mr God up there decided to equalise it and all my sand castles started to come down - one after the other. The happiness that came across was forceful - the balancing effect had double its force. It hit where it hurt the most. Probably coz in the entire euphoria, I somehow happened to ignore that there were fundamental problems with my castels - they were not water proof.

Actually I think this year for me has been very similar to the stock market..... Initial euphoria - Stock market rising..... Up Up Up (the initial 5-6 months of this year for me) and then suddenly came the satanic forces of the global crisis (US goofed up and the Indian market fell down - this analogy only a few would understand who know me well, so dont wreck your brains on it).

Still waiting for the stock markets to recover - maybe it'll be a different sector this time or a different country which pulls it up.