Web 2.0 in Fashion = Fashion Blogs

Last weekend at the Blog camp 2006 conference i chanced upon meeting Mr. Lakshman a top executive of a leading Fashion House in India and we immediately hit it off talking about fashion. What followed was an interesting dialogue between me, sunil and Mr.Lakshman which i fortunately recorded as a podcast and will be made available here as soon as i have compile and edited it into usable form. For the benefit of all those who would like to read about here is an excerpt from the discussion…

“Fashion trends today is a top down approach globally whereby most of the trends are driven to the masses by only handful of people like Designer, design houses, celebrities & artist, manufacturing houses so on. This traditional topdown approach can be redefined by blogging about fashion.

Today youth come about defining trends in the fashion world and with the web evolving so fast this kind of inputs as blogs can drive the industry to redifine trends with a bottoms up approach ”

That is what FashionIQ Blogs aims to pursue with a visionary zeal. Pls hear this interesting transcript / walk the talk in entiriety here. Is this what we can define as Web 2.0 in Fashion.

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“Life is a Marathon, not a 100 M Sprint” So is Investing

How people invest, in general ?

“A friend of mine, asked me to buy this stock”
“You can buy that stock, as it is recommended by this newspaper”
“I am trying to copy cat a Fund Manager’s Portfolio”
“I bought this because it is less than Rs.30/- (cheap!!!!)”

When I hear such statements, I just cannot control laughing at them……..

It is advised in general to buy value, rather then follow a particular trend or go by gut feeling. But……..People go by market trend, glamourous brand and speculation. Sehwag or Tendulkar ? That is the big question. We have seen both these players battle it out in the middle. We have seen more of the latter. But at this point of time, I would put my money on Sehwag, for the simple reason that he has tremendous growth potential. Likewise it has to be value when choosing a particular stock

Do plenty of research before deciding what or what not to buy. “Everything has got a price tag” – I firmly believe in this. If you buy on a tip / trend, without analysis, chances are very high that we are taking wrong footing. A tip / hint is a way to making fast money, quite dangerous. We all should realise that Life is a MARATHON not a 100m dash. So is Investing ! Quick Profits are glamorous but short periods are dangerous for investments, especially in equity.

Leave your investments time to grow. Expect realistic returns. This is apt especially to not so affluent investors. Investing is a Profession by itself. It requires discipline, dedicated time and adequate knowledge. If some one cannot spend, 4 to 5 hours every day, then better stop investing in the market directly. Leave the job to a Fund Manager. Opt the Mutual Fund route. It pays to take a decision now !

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