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By:

Kaustubh Kale

10 September 2024 at 11:37:15 pm

Modak and the Art of Investing

As the aroma of freshly steamed Modaks fills homes during Ganesh Utsav, the festive spirit comes alive instantly. My mouth is already watering at the thought! The humble Modak, prepared with love to honour Lord Ganesha, may look simple from the outside. But anyone who has tried making one knows that a good Modak depends on several things coming together - the right ingredients, the right recipe, patience with the process, and finally, enjoying the result. Investing is surprisingly similar....

Modak and the Art of Investing

As the aroma of freshly steamed Modaks fills homes during Ganesh Utsav, the festive spirit comes alive instantly. My mouth is already watering at the thought! The humble Modak, prepared with love to honour Lord Ganesha, may look simple from the outside. But anyone who has tried making one knows that a good Modak depends on several things coming together - the right ingredients, the right recipe, patience with the process, and finally, enjoying the result. Investing is surprisingly similar. Choose the Right Ingredients A Modak is only as good as the ingredients that go into it. Fresh coconut, good-quality jaggery, properly prepared rice flour and the right flavours all contribute to the final result. Our investments and financial products are the ingredients of our financial plan. Equities, mutual funds, fixed income, gold and other investments each have a specific role to play. The objective is not to pick whatever appears most exciting at the moment, but to select suitable, good-quality investments that match our financial goals, time horizon and ability to take risks. Health and life insurance are equally important ingredients. Adequate coverage helps protect savings, the family, and their financial goals and dreams. Good ingredients provide the foundation. But ingredients alone are not enough. Get the Recipe Right You may have the finest ingredients in the kitchen, but if the proportions are wrong, the Modak may still not turn out well. The same applies to investing. Asset allocation is the recipe of a financial plan. Too much of one ingredient can spoil a Modak. Similarly, excessive concentration in one asset or too much money in low-return products can spoil a portfolio. Balance is key. A thoughtfully constructed portfolio brings different investments together in the right proportions. To keep asset allocation very simple - short-term goals can be planned through bank fixed deposits, recurring deposits and debt mutual funds. For long-term goals, one can consider hybrid mutual funds, equity mutual funds or direct stocks. Trust the Process Once the Modak is shaped and placed for steaming, constantly checking whether it is ready will not make it cook faster. Investors often make the same mistake. We keep checking markets, reacting to every correction, chasing recent performers or changing strategies because of short-term noise. Good investing requires patience and discipline. Invest regularly, review periodically and allow your financial plan enough time to work. Compounding is powerful precisely because it rewards those who remain invested for long periods. Sometimes, the best thing an investor can do is simply avoid unnecessary interference. Enjoy What You Have Created Finally comes the most important part - eating the Modak! The purpose of investing is not merely to accumulate the largest possible number on a statement. Wealth should eventually help us fulfil our goals, support our families, create financial security and enjoy life with greater peace of mind. A good Modak needs the right ingredients, the right recipe and trust in the process. A good investment journey needs exactly the same. This Ganesh Utsav, may Bappa bless us with the wisdom to make good financial choices, the patience to stay disciplined, and the prosperity to enjoy the fruits of our efforts. Ganpati Bappa Morya! (The author is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

Angry Young Men: Half Baked Story

Aug 31, 2024
3 min read

Updated: Oct 21, 2024

Angry Young Men: Half Baked Story

When the teaser of “Angry Young Men” appeared on Prime Video, there was a strong urge to watch the documentary series. The teaser features various celebrities talking about the iconic duo Salim-Javed, along with the duo themselves discussing their work. It also includes film clips from Amitabh Bachchan’s movies, like the famous dialogue, “Main aaj bhi pheke hue paise nahi uthata.” For those who lived through the golden era of Bachchan, this series is a must-watch.

“Angry Young Men” is a new three-part documentary series on Amazon Prime, directed by Namrata Rao.

As I watched it, I couldn’t help but feel that it’s like a half-baked cake. You enjoy watching the process and wait eagerly for the final outcome, but when you finally get to taste it, it’s not fully done. That was my reaction.

However, despite this, it’s definitely a one-time watch for film buffs like us. I won’t go into all the details of each film or what people said but will focus on the specific elements and incidents that people are more interested in.

Let’s start with the good parts:

Salim-Javed, who came from well-off families in Indore and Gwalior, respectively, arrived in Mumbai to pursue their dreams. They worked hard, often going hungry, facing disagreements and failures, but they never thought of giving up. The two accidentally met on the set of the film Sarhadi Lootera. Salim Khan was a small-time actor, and Sarhadi Lootera was one of the last films he acted in before he turned his focus to writing. Javed Akhtar was a clapper boy for the film and was later made the dialogue writer.

This marked the beginning of their bond.

Both Salim and Javed were outsiders in the film industry, but they shared the same zeal to do something different. They both had a natural flair for writing and storytelling, but unfortunately, they had to take up other jobs to earn money. But as they say, if you love your work, there’s always light at the end of the tunnel. The same happened with them when they got their first film Andaz, and the rest is history.

Now, let’s discuss the shortcomings:

The film industry owes Amitabh Bachchan’s rise to Salim-Javed. Without Zanjeer, the industry might not have had the ultimate superstar, and the story behind this casting is fascinating. However, the documentary fails to delve into the details of Amitabh’s journey during that period. It would have been insightful to know the director’s approach, how Salim-Javed convinced Prakash Mehra, and why he agreed to cast Bachchan. This story is significant because the success of Zanjeer not only elevated

Amitabh but also cemented Salim-Javed’s legacy. The documentary misses out on these crucial firsts in their careers.

When Zanjeer happened and the industry went crazy for Amitabh and Salim-Javed, how were those days? Did anything change in the way they were treated? The series could have explored these aspects more widely.

Both Sholay and Deewar were released in the same year, and both films are iconic. They firmly established Amitabh as the “angry young man. While Deewar won all the awards and Sholay missed out, the series mentions this but doesn’t provide enough insight into what was happening during the shooting of these films. What were the actors’ perspectives? There must have been many interesting incidents during that time that could have been discussed.

One of the best movies, Shakti, was not even discussed, which makes the series feel incomplete. Shakti is one of Amitabh’s finest performances, where he stood his ground against the legendary Dilip Kumar, despite having limited scope in the film. This should have been elaborated on and discussed in depth.

The series also lacks discussion about the relationship between Salim-Javed and various actors. This aspect could have been explored more. Additionally, the documentary fails to address the specific roles each of them played in their work. Sharing their experiences regarding dialogue writing and screenplay would have been very interesting.

The most important part missing from the documentary is the reason behind Salim-Javed’s split. While the family members and industry insiders talk about it, the duo themselves don’t say much. The series doesn’t delve into how the industry reacted post-split, whether any stars approached them, who those stars were, and what their reactions were. No one took the initiative to address the split, and the documentary doesn’t explain why.

Despite these gaps, the series will resonate with the 70s-80s generation, as they experienced those days firsthand and enjoyed them. For the younger generation, this series should serve as a reference book, showcasing the struggles of Salim-Javed, the history they created, and, most importantly, their brilliance. They were absolute geniuses who crafted some of the best movie dialogues and scenes ever.

That’s why they were paid more than Amitabh Bachchan himself for the film Dostana—such was the power of Salim-Javed.


(The writer is a communication professional. Views personal)

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