The doomsday celebrations

Is the Mayan end of the world deadline, a good time to BUY?

Even if I was not born on 21 December, I would still be celebrating the end of the world. We have reached such scientific maturity that we do understand that Mayan were wrong about “this”. Or we chose to play the probability game that the probability of the world ending is less, hence the celebration. But then behavioural finance suggests that majority of us don’t understand probability, which explains why we are still glued to the uncertainty that “what if?” this was it; the time of retribution.

Well for me apart from the celebration, I observe a pattern of geometric blindness that we suffer from. I have referred this as cycle blindness on prior occasions, but I would prefer to call it geometric blindness. Recent work talks about a time before Pythagoras. It was the Plimpton 322 clay tablet. Babylonians discovered mathematical proportion 1,000 years before Pythagoras. They were using geometric patterns to calculate.

The oldest known possibly mathematical object is the Lebombo bone, discovered in the Lebombo mountains of Swaziland and dated to approximately 35,000 BC. It consists of 29 distinct notches cut into a baboon’s fibula. Also, prehistoric artefacts discovered in Africa and France, dated between 35,000 and 20,000 BC, suggest early attempts to quantify time. Mayan structures were a part of the megalithic geometry also referred to as ‘366 geometry’; a way to measure time. Come to think of it…

To read the complete article visit Business Standard

Mukul Pal, is a Chartered Market Technician, MBA Finance and a member of the reputed Market Technicians Association (MTA). He has more than a decade of Capital Market experience dealing with derivatives and global assets. He has worked for Bombay Stock  Exchange, multinational Banks and brokerage houses in leading research positions before starting on his own in 2005. He is the President of the MTA Central and Eastern European Chapter.

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