“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: 11 Feb 2025
News Update As per media sources, US government has imposed 25% tariff on all steel and aluminium imports. It has also reversed the previous exemptions which were being earlier granted to allied natons such as Canada, Mexico, and Brazil. On the exports front, as per media sources, US accounted for ~5% of steel exports from India while in the case of Aluminium that share is pegged at ~11-12%. Our View India is expected to face minimal impact from these tariffs. However, with the imposition of duties on all exporting nations, there is an increased chance of dumping of steel and aluminum inflows into India, particularly from Japan and Vietnam, which are among the U.S.'s major trading partners. On the front, we will continue to monitor the development as we expect these rigorous tariffs to be short-lived as it has cascading effects on the overall global trades and supply chain. With Nifty metal index already down 3% in yesterday's trade, we don't expect metal stocks to react further negative to this development.
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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.