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Rescooped by Farhat from Greed and Fear!

Lessons from Life, Pride.

Via Iqbal Ismail
Iqbal Ismail's curator insight, March 25, 2014 6:38 AM

Pride: The inordinate love of self — a super-confidence and high esteem in your own abilities also known as vanity. Pride fools you into thinking that you’re the source of your own greatness.

Liking yourself isn't sinful. In fact, it’s healthy and necessary, but when the self-perception no longer conforms to reality, and you begin to think that you’re more important than you actually are, the sin of pride is rearing its ugly head.

Pride is the key to all other sins, because after you believe that you’re more important than you actually are, you compensate for it when others don’t agree with your judgment. You rationalize your behavior and make excuses for lying, cheating, stealing, insulting, ignoring, and such, because no one understands you like you do. In your mind, you’re underestimated by the world.

Humility is the best remedy for pride.


Here is a true story. It is a story of pride and disaster.

Shipping was the business of the specialists. It shouldn't have been left to them. Muhammadi Steamship was eventually taken over by Fakhruddin Valika. Kassim H.K Dada proved to be an ineffective manager. There was always an intense rivalry between him and his brother Ali Mohammad H.K Dada. Ali Mohammad H.K Dada was straightforward and result oriented. Kassim H.K Dada was a visionary. Fakhruddin exploited this. He paid a heavy premium to Ali Mohammad H.K Dada to get his shares. He now needed to create a division in Haji Habib Haji Peermohamed’s family. Valika knew that he could have majority. For this he would need to persuade my father to sell his own shares plus Ali Mohammad H.K Dada’s shares and my father's holding would comfortably ensure his control. My father demanded and was paid a hundred times his original investment. That was the end of the matter. Fakhruddin Valika had achieved the majority.

I tell you, the haughtiness of the man. Unbelievable. I was going to U.S.A for my studies. He was in London where I broke my journey before going onto United States. I thought, I would call him in and seek his blessings. After all, he was my uncle. He said to me, "Get lost! I don't want to see you. I have nothing to do with you." So with tears in my eyes... I left. Never have I felt so disgraced.

I was in my previous article on how to speculate. Talking about when to buy and when to sell and how to speculate and prosper. Ali Muhammad represented an extreme case of how NOT to speculate. He would go to the market, corner the market and when the other people came to settle with him. He said, I want delivery of the shares. I don't want any cash settlements. So, they gave him physical delivery and his speculation collapsed. He had to pick up the losses of his arrogance. Abdul Qadir Lakhani was a member of the Stock Exchange. He prospered immensely because of Ali Mohammad H.K Dada's patronage. He was a yes man.

My grandmother was a very forthright woman and she had great foresight and wisdom. One day, she summoned Ali Muhammad to visit her.

She got hold of his tongue and said, "Behave yourself, Ali Muhammad. This tongue will destroy you"

How right she was. Ali Muhammad had blown away his fortune and someone entered his home and killed him.

This arrogant man died a pauper. Murdered in his own home.

Can there be better example of the deadly sin of pride.

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O Son of Adam!

O Son of Adam! | Literature |
Azadi March... How inappropriate the language is.
Via Iqbal Ismail
Iqbal Ismail's curator insight, August 30, 2014 5:49 AM

Here is Imran Khan promising, “Naya Pakistan.” I ask him, Can there be New Pakistan? I am concerned that it is only a marketing gimmick and I am so sad that people are buying it.


To me, Imran is dead-wrong. On and on he goes on repeating, if I am reelected, “I will do this…”, “I will do that…” I will give the people their rights. I will be for the poor. I will emphasize education. The people deserve a chance and I will bring back all Pakistan’s money billions of dollars and Pakistan will be rich and we will not have to pay taxes. In fact, the government would be able to repay the old debts.


The picture that I have reproduced was when I took Imran to task when I called the captain’s bluff.


How I wish that he had listened… Now we would have deal with this non-sense of “Naya Pakistan.” On and on “I will do this…”, “I will do that…”


Consider this, I was telling him in the meeting… Please inform the audience that there have been no Islam without Khadīja al-Kubra. How I wish that he had listened. What a message he would have conveyed to his people.  Imagine, saying to the assembled women listening to the address, I want you to have the same rights as Khadīja al-Kubra. You have a choice to choose your own soul-mate. Imagine saying to the assembled audience. “I want you to have the same freedom to choose your mate.”


I have yet to hear Imran say this… The Prophet (P.B.U.H) used to make the following dua, "O Allah, keep me in the company of the poor. Let me die in poverty, raise me with the poor on the Day of Judgment." Aisha once asked the Prophet, "Why do you ask to be kept in the company of the poor, let you die in poverty and raise you with the poor?"

Rasulullah replied, "The poor will enter the Paradise before the rich." After a pause he added, "O Aisha, never turn a needy person away from your door. Give him something, though it be only a piece of a date. Respect the poor and love them in spite of their poverty. If you bring the poor and needy closer to you, Allah will bring you closer to himself."

--- on the authority of AbuSa’id

Al-Tirmidhi – Hadith 1376


On the authority of Abu Hurayrah (may Allah be pleased with him), who said that the Messenger of Allah (peace and blessings of Allah be upon him) said:

Allah (mighty and sublime be He) will say on the Day of Resurrection: "O son of Adam, I fell ill and you visited Me not." He will say: "O Lord, and how should I visit You when You are the Lord of the worlds?" He will say: "Did you not know that My servant So-and-so had fallen ill and you visited him not? Did you not know that had you visited him you would have found Me with him? O son of Adam, I asked you for food and you fed Me not." He will say: "O Lord, and how should I feed You when You are the Lord of the worlds?" He will say: "Did you not know that My servant So-and-so asked you for food and you fed him not? Did you not know that had you fed him you would surely have found that (the reward for doing so) with Me? O son of Adam, I asked you to give Me to drink and you gave Me not to drink." He will say: "O Lord, how should I give You to drink when You are the Lord of the worlds?" He will say: "My servant So-and-so asked you to give him to drink and you gave him not to drink. Had you given him to drink you would have surely found that with Me."

Relevance: 18.1022


This, Imran is the gist of what you should have been saying to your people.


And listen to this you could have said to your people quoting Hazrat Ali, “He who is greedy is disgraced; he who discloses his hardship will always be humiliated; he who has no control over his tongue will often have to face discomfort.”


And here is the Persian proverb:
"He who knows, and knows he knows, He is a wise man, seek him. He who knows and knows not he knows, He is asleep, wake him. He who knows not, and knows he knows not, He is a child, teach him. He who knows not, and knows not he knows not, He is a fool, shun him. ”


And here is some advice for you from Socrates, “The only true wisdom is in knowing you know nothing.”


This is what I taught in my classes at IBA.


And Imran… Here is how a famous Pakistani Urdu poet Maulana Mohammed Ali (Pioneer of the Khilafat Movement and a dauntless fighter in the struggle of independence) described it wonderfully as “Qatl-e-Hussain asl main marg-e-Yazid hai, Islam zindaa hota hai har Karbala ke baad”

(In the murder of Hussain, lies the death of Yazid, for Islam resurrects after every Karbala)


What prevents you Imran? What prevents you from claiming the victory at Karbala? Is it not what you want to convey to your people that you would not submit to tyranny? Why do you not claim ownership of Karbala?


What is it Imran that prevents you from acknowledging the greatness of Hussain? What is it that prevents any reference to Hazrat al-‘Abbās ibn ‘Alī?


Wake up, Imran. See the hand-writing on the wall. See how the Prophet(P.B.U.H) rejects your vision.


I am still in your party. I hope you find guidance. May Allah bless you. Long live PTI. Good luck!

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Knock, and it will be opened for you

Knock, and it will be opened for you | Literature |
The Promise of Afghanistan for Peace and Development of the Region
Via Iqbal Ismail
Iqbal Ismail's curator insight, August 28, 2014 2:57 AM

I had focused entirely on the local market in Pakistan. These are the stocks we are familiar with and can judge their value. There is of course a huge choice internationally and one might profitably pay attention to what is happening elsewhere. The investor is well advised to stay within boundaries of Pakistan. There are times for adventure and times to take stock. There are times when one must sit-back and analyze.


I would have loved to point you to profits to be made on Indian stocks which would have been the next best option for sensible investment. For that, you would need excellent contacts in India. You would need connections with brokerage houses and access to their research. Is this possible? Is it doable? Here again, the big-boys will frustrate you. They have the links and they will manipulate the Pakistani market on the basis of information available from India.


Otherwise, is there any reason that you could not trade on the Bombay Exchange and the Karachi Stock Exchange treating both exchanges as your home?


But my mind is not on India and Pakistan. What I want to write about today is Afghanistan. Vast opportunities have opened up in that country.


Can you imagine what the discovery of vast resources in Afghanistan means to this region?


Study based on preliminary findings of the United States Geological Survey has reported Afghanistan has nearly $1 trillion in mineral deposits. In some circles, it’s as high as $5 trillion.


The final results, reported in the New York Times, found previously unknown reserves of lithium, iron, gold, niobium, cobalt and other minerals that the paper said could transform Afghanistan into a global mining hub.


Afghanistan's potential lithium deposits are as large of those of Bolivia, which currently has the world's largest known reserves of the lightweight metal.


There, in the swamps and marshlands of the southern region of the country near where the borders of Chile and Argentina meet, are the biggest deposits. Canada, China, Australia, and Serbia also have varying amounts of lithium, but not as much as Bolivia.


There is ever-growing demand for lithium, which is used to make batteries for everything from mobile phones and cameras to tablets and laptops. Future growth in electric and hybrid cars could create still more demand.


According to Lithium Americas, a Canadian lithium-mining company with significant business interests in Argentina, lithium demand will more than double in the next 10 years.


Afghanistan has so much of the metal that it could become the "Saudi Arabia of lithium," according to an internal Pentagon memo.


The iron and copper deposits are also large enough to make Afghanistan one of the world's top producers, U.S. officials said.


The Afghan government has already reported large deposits of chromite, natural gas, oil and precious and semi-precious stones.


China and India have bid for contracts to develop Afghan mines.


Here we have the potential for all countries in the region to live in peace and prosper. Afghanistan can heal. But do we have the guts? Do we have the courage? Do we have the vision? Can we read the hand-writing on the wall?


What is the tragedy here, you may ask, why not? The answer is available in two-pieces of news today.


All the politicians in Pakistan have gone to China to beg for assistance. They have forgotten completely that Pakistan is the heir to the British government in Afghanistan. The treaty has lapsed and needs to be renegotiated. Our politicians are negotiating with China instead.


What will Pakistanis will get out of China except egg on their faces. China and India have mutually supportive interest in the development of Afghanistan’s resources.  There is no space for Pakistan in this equation. What a tragedy!


I have criticized the policies of Government in Afghanistan. I could be accused of being one-sided and blind to reality. What would I advice the government? The world is moving, move with it. A new government will be taking over in Afghanistan. Karzai will not be in equation. So, stop coddling Karzai.


What is being prescribed and negotiated by the U.S.A is that there should be a national unity government in which both camps would share power to some degree, Ashraf Ghani and Abdullah Abdullah.


This is precisely the pattern that will emerge in Pakistan after dust settles down. It has to be a government of national unity.


My appeal here to our politicians is to stay out of the Afghani negotiators for power. Do not fish in troubled waters.  


From our point of view, it must be noted that both the candidates are against the Taliban and it will pay us to recollect that for both Imran Khan and Nawaz Sharif, the first priority was to negotiate with the Taliban. It is only our Army that has kept Pakistan’s hopes alive. The soldier’s sacrifice will not be lost in spite of the antics of Imran Khan and Nawaz Sharif.


Punjab’s chief minister Shahbaz Sharif said that a target has been fixed for creating 40 lakh job opportunities during the next four years and this target will be achieved at all costs.


Is he blind? Can he not see the opportunity that Afghanistan offers to provide jobs to millions of people? If India and China are in the race, why can’t we join this effort?


We don’t know as yet, it’s too far in the future to speculate the outcome of Afghanistan’s struggle for independence.