Monday, July 26, 2004

ITHACA


ITHACA
When you set out for Ithaka
Ask that your way be long,
Full of adventure, full of instruction.

The Laistrygonians and the Cyclops,
Angry Poseidon -- do not fear them;
Such as these you will never find
As long as your thought is lofty,
As long as a rare emotion
Touch your spirit and your body.
The Laistrygonians and the Cyclops,
Angry Poseidon -- you will not meet them
Unless you carry them in your soul,
Unless your soul raise them up before you.

Ask that your way be long,
At many a summer dawn to enter --
With what gratitude, what joy!
Ports seen for the first time;
To stop at Phoenician trading centers,
And to buy good merchandise.
Mother of pearl and coral, amber and ebony,
And sensuous perfumes of every kind.
Buy as many sensuous perfumes as you can,
Visit many Egyptian cities
To learn and learn from those who have knowledge.

Always keep Ithaka fixed in your mind;
Your arrival there is what you are destined for.
But do not in the least hurry the journey.
Better that it last for years
So that when you reach the island you are old,
Rich with all that you have gained on the way,
Not expecting Ithaka to give you wealth.

Ithaka has given you the splendid voyage.
Without her you would never have set out,
But she has nothing more to give you.
And if you find her poor,
Ithaka has not deceived you.
So wise have you become, of such experience,
That already you will have understood
What these Ithakas mean.

by C.P. Cavafy
I love this poem. Its got incredible rhythm and emotion. Especially love its import. Find it very applicable to life- the journey of life is an experience in itself! You are, after all, the sum of your experiences! If your experiences are good, you are automatically better for them! I guess, especially in our generation, each quest in life is a quest for a better set of experiences. A better Net Present Value (NPV*), if you look at it that way. Life is a series of projects, some running in parallel, and some sequential. When we move projects, we try to move from a lower NPV project to a higher one.
The obvious implication of this is, there are several project running in parallel. Polaris is a project. Inautix is a project. My presence in each is determined the NPV for me in each. It doesn’t mean that movement from one project to another will produce higher cash flows immediately. It could even mean that a project could have higher NPV for the simple reason that it could open up several new projects- like in education, for instance!

* NPV = discounted sum of future cash flows in an asset.
* Discounted sum= tomorrows $ taken in today’s value- for instance, if interest rate is 10%, a Rs. 1000 deposit will yield Rs.1100 at the end of 1 year. The discounted value of Rs. 1100 at the end of one year is Rs 1000 today

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