“When you love blindly, even flaws seem like virtues.” → When you deeply like or love someone, you may ignore their weaknesses. Their mistakes or shortcomings may even appear charming, acceptable, or even “good” to you. For example, if someone is stubborn, you might call it “determined” because you love them.
“When your dislike is intense, even virtues seem like flaws.” → On the other hand, if you dislike someone, even their positive qualities can appear negative. For instance, if someone is confident, you might see them as arrogant—simply because your attitude toward them is negative.
“Mend Your Attitude” → The key message is that it’s not always the person who is truly good or bad—it’s often our own perspective that is biased. By adjusting your attitude (removing the “blinding” effects of love or dislike), you can see people more clearly and fairly.
Posted: 07 Oct 2026
Indian equities reversed a two-day winning streak on October 7, 2026, as the Reserve Bank of India (RBI) announced a hawkish monetary policy update. Key Policy Decisions & Economic Adjustments Repo Rate Hike: Under the leadership of Governor Sanjay Malhotra, the Monetary Policy Committee (MPC) unanimously decided to lift the key repo rate by 25 basis points (bps) to 5.50%. This represents India's first interest rate increase since February 2023. Shift in Policy Stance: The MPC shifted its operational stance from "neutral" to "calibrated tightening" via a 4:2 majority vote, effectively ruling out rate cuts for the near term. Macro Projections: High crude oil prices and global supply chain vulnerabilities prompted the RBI to lift its FY27 Consumer Price Index (CPI) inflation forecast to 5.2% (up from 5.0%). Concurrently, citing structural domestic resilience, the central bank upgraded its FY27 real GDP growth projection to 7.1%. Market Fallout The definitive move to enter a rate-hiking cycle triggered immediate selling pressure across Indian equity benchmarks: INDEXNSE:NIFTY_50: Declined 173.05 points (0.76%) to settle at 22,603.05. INDEXBOM:SENSEX: Retreated 429.11 points (0.59%) to finish at 72,638.70. Sector Performance: The rate-sensitive Nifty Metal index experienced the most significant selloff, whereas the Nifty PSU Bank bucked the downward trend to post gains. Forex Market: The Indian rupee faced structural headwinds from capital outflows, sliding 22 paise to close at 96.57 against the U.S. dollar post-announcement.
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Be prepared to invest in a down market and to "get out" in a soaring market, as per the philosophy of Warren Buffett.