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By:

Kaustubh Kale

10 September 2024 at 6:07:15 pm

Akshay Tritiya and Gold

As Akshay Tritiya arrives, gold once again takes centre stage in Indian households. For generations, buying gold on this auspicious day has been considered a symbol of prosperity, purity, and good fortune. It is not just a purchase. It is an emotion, a blessing, and a tradition passed from one generation to another. But beyond tradition, gold also carries an important financial lesson. Gold is not just jewellery. It is an asset. Gold During Uncertain Times Over the years, gold has proved its...

Akshay Tritiya and Gold

As Akshay Tritiya arrives, gold once again takes centre stage in Indian households. For generations, buying gold on this auspicious day has been considered a symbol of prosperity, purity, and good fortune. It is not just a purchase. It is an emotion, a blessing, and a tradition passed from one generation to another. But beyond tradition, gold also carries an important financial lesson. Gold is not just jewellery. It is an asset. Gold During Uncertain Times Over the years, gold has proved its worth not only during festivals, but also during uncertain times. Whenever the world faces wars, inflation, currency weakness, economic slowdown, or financial panic, investors across the globe look at gold as a safe haven. This is because gold has a unique quality. It is trusted across countries, cultures, and generations. It does not depend on the promise of one government, one company, or one currency. Why Gold Holds Value Unlike paper currency, gold cannot be printed endlessly. Unlike businesses, it does not depend on profits or management quality. Unlike real estate, it is globally accepted and easily valued. This is why gold continues to remain one of the oldest and most respected stores of value. It has survived centuries of change, economic cycles, wars, and financial crises. The Right Role in Your Portfolio That said, gold should not be treated as a shortcut to wealth creation. Equities and equity mutual funds still remain essential for long-term growth. Gold plays a different role. It brings balance, stability, and protection to your portfolio. When equity markets are volatile or global uncertainty rises, gold often provides comfort. A sensible allocation of around 10-20% to gold can help reduce overall portfolio risk.  So basically, while stocks and equity mutual funds play the lead role in your long-term financial goals, gold plays the supporting but essential role. Physical Gold Has Limitations However, the way you invest in gold matters. Buying physical gold during festivals may feel emotionally satisfying, but it comes with practical challenges. There are making charges, purity concerns, storage issues, risk of theft, and liquidity problems. A necklace may be beautiful, but you cannot easily sell only a small portion of it when you need money. Also, when gold is bought as jewellery, the investor often forgets to calculate the actual return after making charges and deductions. Smarter Ways to Invest This is where Gold Mutual Funds and Gold ETFs become useful. They allow you to invest in gold without worrying about lockers, purity, theft, or storage. You can invest flexible amounts, start SIPs, track value easily, and redeem conveniently when required. For investors who want gold as part of their financial plan, these options are far more practical than buying jewellery purely as an investment. Tradition with Financial Clarity Akshay Tritiya is a beautiful reminder that wealth should be built with faith, patience, and clarity. Buying gold is auspicious, but buying it in the right form is financially wise. This Akshay Tritiya, celebrate tradition - but also upgrade your financial thinking. Because true prosperity is not just about owning gold. It is about owning it smartly. (The writer is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

The Myth of the Inspired Artist

Art has long been romanticised as a gift from the gods, but behind every brushstroke lies practise and relentless resolve.


Robert Hannah, Master Isaac Newton in His Garden at Woolsthorpe, in the Autumn of 1665, circa 1850
Robert Hannah, Master Isaac Newton in His Garden at Woolsthorpe, in the Autumn of 1665, circa 1850

The artist struck by divine inspiration driven to create a masterpiece is a persistent trope glamourized in literature and film. Often it is a self-perpetuated myth propagated by artists unwittingly doing themselves a disservice, because reality is somewhat different – and always has been. The proverbial 1% inspiration 99% perspiration applies to art as much as to any other field

M.F. Husain, 2007
M.F. Husain, 2007

of endeavour, creative or otherwise. One might even posit that an artist is more likely to be hit by lightning than by inspiration. Michelangelo said, “If people knew how hard I worked to get my mastery, it wouldn’t seem so wonderful at all.” Many apples have fallen on people sitting under trees, but it’s only because Newton had been thinking something through that the falling fruit led to the theory of gravity. Artists have painted remarkable scenes of the banishment of Adam and Eve from the garden of Eden, and still-lifes with apples, but none waited idly, to be hit with the idea. American artist Chuck Close said, “Inspiration is for amateurs. The rest of us just show up and get the work done. If you wait around for the clouds to part and a bolt of lightning to strike you in the brain, you’re not going to make an awful lot of work.”


Apprenticing in an atelier, be it that of a Renaissance master or Nainsukh of Guler, would have been an exacting and demanding vocation. Practice, practice, practice, was the refrain. Many are unaware that modern art schools too are a slog. The studio art component of the curriculum consists of month after month, year after year, in which the student must put their work up for critique. Umpteen late-night supplications for inspiration to strike have been in vain. Putting up work means being told over and over what is wrong with it, how it’s not good enough, how you can do better. Constant judgement in a field that is subjective by definition, can play havoc with the self-esteem of a young artist-in-training, but it is better to learn early that making art is not easy and requires hard work and tough skin, not just in art school but for the entirety of the artist’s career. Excelling at one’s craft is a continuous endeavour of learning the rules so they can be broken later. If the artist is at all to be considered a vessel through which creativity flows, it is only because “The artist is a receptacle for emotions that come from all over the place: from the sky, from the earth, from a scrap of paper, from a passing shape, from a spider’s web,” to wit the ever-quotable Pablo Picasso. This can be interpreted to mean they are constantly “inspired,” and consequently, constantly at work. MF Husain, always brush in hand, painted on canvases, on walls, on cars and on horses, even on someone’s front door while he waited for them to open it.


Inspiration is often paired with the other intangible – talent. French writer Émile Zola said, “The artist is nothing without the gift, but the gift is nothing without work.” Sketches on napkins, however inspired, remain ideas until they are developed, because “success is a worn down pencil.” (Robert Rauschenberg). In the current debate over whether AI can be as creative as a human being, there is much angst over defining creativity. Algorithms for a Mozart piano concerto or a Picasso painting can only be generated because Mozart and Picasso developed a body of work over their lifetimes (brief for Mozart, long for Picasso) by being prolific. Henri Matisse, another relentlessly hard-working artist who termed his last 14 years in a wheelchair “a second life,” said, “Don’t wait for inspiration. It comes while one is working.”


Though many of the artists quoted above were prolific, quantity is meaningless without quality. Those with a more measured output are not lesser artists. There are only 10 paintings attributed to the polymath Leonardo da Vinci, and Johannes Vermeer of Girl With a Pearl Earring fame has only 34. “Art resides in the quality of doing, process is not magic,” said architect and designer Charles Eames. There is no substitute for the process, though artists may disagree on whether it is the means or the end in their personal practices. Art “must be conceived with fire in the soul but executed with clinical coolness,” said Joan Miro. This fire and ice approach means having the courage to accept that not everything created is equally worthwhile – that lesson learned in studio art critiques.


Yet even with hard work, sometimes aided by great inspiration, “Every creator painfully experiences the chasm between his inner vision and its ultimate expression.” (Isaac Bashevis Singer) This is very much the reality of the artist’s creative life. The blank canvas holds all the possibilities, but the completed one rarely matches up to what the artist had imagined. Does art result from inspiration, passion, talent? Author Natalie Goldberg doesn’t waste time ruminating on these questions: “One just has to shut up, sit down, and [create].” Opportunity, marketing, luck? These are even more elusive intangibles, definitely not taught in art school.


(Meera is an architect, author, editor and artist.)

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