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  • 2 days ago
Video Information: 22.02.25, University of California, Berkeley, Greater Noida

Title : Startup Story: Entrepreneurship as a Love Affair || Acharya Prashant, with UC Berkeley (2025)

Context:

Acharya ji shares profound wisdom on balancing rationality and faith in entrepreneurship. True success begins with inner certainty—knowing your path is worth pursuing, regardless of outcomes. While intellect and planning are essential tools, they follow conviction, not lead it.

Doubt often stems from external comparisons, but purpose must be your own. If your heart is unwavering, failure is just a detour, not an end. Start with clarity, persist with courage, and let reason guide—not dictate—your journey.

💡 "Failure only happens when you decide to stop trying." – Acharya ji

🎧 Listen to Acharya Prashant on Spotify:
https://open.spotify.com/show/2QmVEAAnsNE7Xs0MW0Li8Y?si=09fbcbc7c99c469b
~~~
Music Credits: Milind Date
~~~

Category

📚
Learning
Transcript
00:00Thank you all so much for joining us.
00:01I'm really excited to have this opportunity to hold a discussion with Acharya Prashant.
00:05UC Berkeley is known for its focus on free speech.
00:07And as UC Berkeley's only India-centric speaker series organization,
00:12through conversations with these esteemed speakers,
00:14we aim to foster a deeper understanding and appreciation of India's dynamic culture
00:18and societal contributions on the global state.
00:22Acharya Prashantji is a Vedanta exigate, philosopher and social newcomer,
00:27columnist and national best-selling author.
00:29And is recognized as the world's most followed spiritual leader
00:33with over 55 million subscribers on YouTube.
00:36He is alumnus of IIT Delhi and I am Amda Bhak.
00:40Hi, I'm Padma Jai. I'm a master's student at UC Berkeley.
00:44I'm really excited for this conversation.
00:45Entrepreneurship seems to be potentially the career going forward.
00:48Things can any day go wrong.
00:50We are talking of entrepreneurship.
00:52The mornings never really end.
00:54You show up and then you show up and then you show up
00:56and you figure out it's midnight
00:58and you still have to show up for something.
01:00So it's a thing of the heart.
01:01As a young person, ask yourself,
01:04I have like 40 years to work.
01:07What is it that I can turn up for daily?
01:10How do you go about finding your own purpose?
01:13It's actually so simple that we miss it.
01:16Ask yourself, what do I see as important in the world today?
01:21We are equipped with our education
01:23and our smart me figure out the right challenge to engage with.
01:26There is no way you can fail
01:28if you never stop trying.
01:31Today we have a special session with students
01:43from the University of California at Berkeley.
01:47They have been wanting to have an interaction with you
01:49for quite some time.
01:51So right now we have thousands of students, faculty
01:56and also other participants who have joined the session.
02:00Hi, I'm Padma Jai.
02:01I'm a master's student in global studies here at UC Berkeley.
02:04Currently in my second year.
02:06I have been following Achariji for a while now.
02:10I'm really excited for this conversation.
02:12My first question to you, Achariji,
02:14is that your teachings have emphasized rationality
02:18and practicality,
02:19which have deeply impacted the way I approach my life
02:22and decisions.
02:23As I nearly graduate from Berkeley
02:25in just about three months,
02:27I've been reflecting on the path forward.
02:30In many ways, entrepreneurship seems to be an answer,
02:33which could be potentially the career
02:35that I choose going forward.
02:37However, it does feel a huge leap into the unknown.
02:41It's undeniably risky.
02:42And despite wanting to rely on logic and reason,
02:45I often find myself needing to trust
02:47in something beyond pure analysis.
02:49How can, according to you,
02:51someone striving to achieve big, uncertain dreams
02:55like building a business,
02:56balance the need for rational decision-making
02:59with the faith required to sort of take on
03:01those bold leap forward?
03:04There need not be a balance.
03:09To begin with,
03:15there has to be a certainty.
03:21And certainties are not balanced.
03:25When you talk of a balance,
03:27you are talking of probabilities.
03:30In the external world,
03:32obviously things are probabilistic.
03:35The outcomes are not in your control.
03:38But in the inner world,
03:42there can be a certainty
03:43and that's where one has to start from.
03:47Right?
03:48Be it entrepreneurship
03:49or be it anything worthwhile
03:51one wants to undertake in life.
03:55So one starts from there.
03:57One knows what one is getting into
03:59is definitely worth doing.
04:01It is something one can give herself to
04:07irrespective of what comes out of it.
04:12That kind of certainty.
04:13And then comes the rational planning
04:19and decision-making part.
04:22So I'm into something
04:24that deserves to be done.
04:26And then I apply my intellect,
04:29all the accumulated knowledge
04:31and my skills I have gathered
04:33over my MBA or other programs.
04:35And I come up with a plan,
04:38a roadmap that looks into the future.
04:40And obviously,
04:41there you cannot have certainty.
04:43There you will have scenarios.
04:46And all scenarios are probabilistic.
04:50And you look into them
04:53and you want to obviously
04:54maximize the probability
04:57of your success.
05:00Success in terms of numbers,
05:02attainments,
05:03break-evens
05:04and such things.
05:10But then those are all probabilities.
05:12Things can any day go wrong.
05:16What will uphold you then
05:18is the fundamental certainty
05:22you started from.
05:25And that itself is faith.
05:31To get into what is right
05:33without worrying too much
05:35about the outcome.
05:38To be sure
05:39that the effort
05:43and the process itself
05:45is worth it.
05:47Even if nothing
05:50or very little
05:52tangible comes out of it.
05:54That is faith.
05:56If you want to have everything
05:58neatly
06:00planned out
06:03and
06:05set in stone,
06:08then it does not
06:10require any faith
06:11and then
06:12there is no
06:14thrill in it either.
06:15And somehow
06:18the nature
06:19of
06:20the right work,
06:22the right endeavor
06:23is always
06:24such that
06:24you can never be sure
06:26of the outcome.
06:28Reason being,
06:29it is never
06:30the beaten
06:31track
06:32when it comes
06:33to the
06:35right endeavor.
06:37You can be sure
06:38of things
06:39when
06:40let's say
06:40you
06:41are entering
06:42an industry.
06:44Then you can
06:45look
06:46at the
06:47data
06:48of
06:49the
06:49startups
06:51over the last
06:5110 years
06:52in that particular
06:53segment
06:54and you could say
06:55well there seems
06:56to be a success rate
06:57of 48.4%.
06:59For that
07:01you need
07:01others who have
07:02taken the same path
07:03and you are
07:06just following
07:06the trail.
07:07but that's
07:09not
07:10really
07:12the
07:13nature
07:13of the
07:14right work.
07:15When you will
07:16get into something
07:17really worthwhile
07:17you might find
07:19that you are
07:20probably the
07:21first one
07:22going in that
07:22direction
07:23or very few
07:24have gone
07:24in that
07:25direction.
07:26So you will
07:27not have
07:28data to
07:30compare yourself
07:31with
07:31or the
07:32right metrics
07:33to base
07:34your projections
07:35on.
07:35So then
07:37you will have
07:38to simply
07:38say well
07:39we do not
07:39know
07:40what's going
07:41to come
07:41upon us
07:42tomorrow
07:42but what's
07:44definite is
07:45that the
07:46effort and
07:47the journey
07:47are going
07:48to be worth
07:48it.
07:50And this
07:51in no way
07:52excludes
07:53rationality.
07:57It
07:57includes
07:58everything
07:59that you
07:59have learned
08:00at your
08:01university.
08:03It
08:03includes
08:04application
08:04of your
08:05IQ.
08:06It
08:06includes
08:07meeting
08:08experts.
08:09It
08:09includes
08:09doing
08:10industry
08:10analysis.
08:11Everything
08:12that can
08:12be done.
08:14But
08:15first of
08:16all it
08:17is about
08:17starting
08:17from the
08:18right place.
08:19You start
08:20from the
08:20right place
08:21and then
08:22let
08:22intellect
08:23be the
08:23tool
08:24to achieve
08:26the
08:27end
08:29that you
08:29have in
08:29sight.
08:30or if
08:32there is
08:32no
08:33particular
08:33end
08:33in sight
08:34then let
08:34intellect
08:34be the
08:35tool
08:35to help
08:36you navigate
08:37the path
08:37you have
08:38chosen.
08:39Even if
08:39that path
08:40has no
08:41clear destination.
08:43So this
08:43is what I'm
08:44talking of
08:45is not at
08:46all just
08:46mystical
08:47or irrational.
08:49This involves
08:50the application
08:52of all the
08:53rationality you
08:54can summon.
08:54But
08:57rationality is
08:58not the
08:58point you
08:58can start
08:59from.
09:00Because
09:01at your
09:03core
09:03you and
09:06I and
09:07each one
09:07of us
09:08are people
09:09seeking
09:09purpose.
09:12Purpose
09:13and
09:13fulfillment.
09:15Now
09:15fulfillment
09:16has no
09:17rational
09:18answer.
09:20It's
09:21like love.
09:21rationality
09:24assumes a
09:26secondary
09:26position there.
09:27We are
09:28not saying
09:28you need
09:29to be
09:29irrational
09:30there.
09:31But that
09:31comes later.
09:33So as a
09:34young person
09:35setting out
09:35in life
09:36you must
09:37ask yourself
09:38I have
09:39like 40
09:39years to
09:40work.
09:42What would
09:42I want
09:43to invest
09:43this single
09:45precious life
09:45I have
09:46in?
09:48It's
09:48not
09:49about
09:50emulating
09:52others
09:52seeing
09:53where
09:53the
09:54maximum
09:54chances
09:55of
09:55financial
09:56success
09:57are.
09:59Not
10:00that those
10:00calculations
10:01need not
10:01be done.
10:02I am
10:02reiterating
10:03again and
10:03again.
10:04Those
10:04calculations
10:04obviously
10:05need to
10:06be done
10:06but they
10:07come
10:07later.
10:08The
10:09first
10:10dialogue
10:10is
10:11with
10:11oneself.
10:13I have
10:14a long
10:14life to
10:15live and
10:15I have
10:1540 years
10:16to work.
10:17What is
10:18it that
10:18I can
10:19turn up
10:20for
10:20daily?
10:22You'll
10:23have to
10:23show up
10:24every
10:24morning.
10:25And if
10:26you're
10:26talking of
10:27entrepreneurship
10:27the mornings
10:29never really
10:30end.
10:31You show
10:32up and
10:32then you
10:32show up
10:33and then
10:33you show
10:33up and
10:34you figure
10:35out it's
10:35midnight and
10:37you still
10:37have to
10:38show up
10:38for
10:38something.
10:40So it's
10:41a thing
10:41of the
10:42heart and
10:43you have
10:43to be
10:43very clear
10:44there.
10:45You see
10:45I have
10:45seen a lot
10:47of startups
10:47my
10:49batchmates
10:50and others
10:52and have
10:55mentored a
10:56few of
10:56them in
10:57fact.
10:58We often
10:59talk of
10:59the
11:00dismal
11:01success
11:01rate of
11:02startups
11:02but we
11:05do not
11:07research deeper
11:08into it
11:08and figure
11:09out where
11:11exactly did
11:11the decision
11:14to down
11:15the shutters
11:16come from.
11:19It is
11:20usually not
11:21coming from
11:23an inherently
11:24flawed business
11:25plan.
11:27You all are
11:28smart people
11:29and similar
11:30in India
11:31we have
11:32smart people
11:33who come up
11:33with really
11:34good business
11:36plans.
11:37It's just
11:38that that
11:39entire plan
11:40is for
11:40the sake
11:41of
11:43a
11:46financial
11:46end result
11:48at which
11:52point people
11:52want to
11:53come up
11:54with an
11:54IPO
11:55and then
11:56make an
11:57exit
11:57and then
11:59enjoy the
11:59fruits of
12:00their
12:00smartness.
12:03So people
12:04don't quit
12:05because
12:06success is
12:08not forthcoming
12:08at all.
12:09People quit
12:09because
12:11their
12:12expectations,
12:13their financial
12:13expectations
12:14are not
12:15really being
12:15met.
12:18They find
12:18that the
12:20numbers that
12:22they targeted
12:23may take
12:24three times
12:26more effort
12:27and more
12:29duration to
12:30come at.
12:33They may
12:34and then
12:35if you
12:35really have
12:37your
12:38conviction
12:41and your
12:41heart into
12:42it,
12:43then you
12:43will try
12:44to find
12:45different
12:45ways.
12:46You will
12:46say,
12:46I'm not
12:47going to
12:47quit.
12:49You will
12:49say,
12:49if this
12:50thing is
12:50not working
12:51out,
12:51I'll try
12:51it this
12:52way,
12:52I'll try
12:52it that
12:53way,
12:53I'll try
12:53it that
12:53way,
12:53because
12:54quitting
12:54is not
12:55an
12:55option.
12:57But
12:57quitting
12:57is a
12:59very,
12:59very
13:00lucrative
13:01option.
13:01when you
13:03want to
13:05gather
13:06riches in
13:07the fourth
13:07year itself.
13:10And that's
13:11the reason
13:12some of
13:12the very
13:14good ideas
13:16and
13:17feasible
13:18projects,
13:19they are
13:20brought
13:21to a
13:22quick and
13:23untimely
13:24closure.
13:26Had those
13:27people
13:27persisted,
13:30probably
13:30they would
13:32have reached
13:33somewhere,
13:33maybe not
13:33the place
13:34that they
13:34targeted,
13:35but some
13:35other
13:36decent
13:36place.
13:38Then
13:39there was
13:41no
13:41conviction
13:45in the
13:46project
13:47itself.
13:49The
13:50I
13:51was
13:52very
13:53focused
13:54on
13:55using
13:55the
13:56project
13:56to
13:57reach
13:58a
13:58particular
13:58place
13:59in the
13:59shortest
14:00time
14:00possible.
14:02And
14:02that's
14:03what
14:03results
14:04in the
14:05so-called
14:05failure
14:06and
14:06closure
14:06and
14:07these
14:07things.
14:09There is
14:10no way
14:10you can
14:10fail
14:11if you
14:13never
14:13stop
14:13trying.
14:17Failure
14:17in
14:18something
14:19like a
14:19startup
14:19is only
14:20when
14:20you
14:21decide
14:21that
14:22you
14:22have
14:22failed,
14:22right?
14:24If
14:25you say
14:25I have
14:25not yet
14:26failed,
14:26I'll
14:28give it
14:28another
14:29go.
14:31But
14:31then
14:32when
14:32you
14:33have
14:33already
14:33raised
14:33a
14:34huge
14:34cost
14:35structure
14:35then
14:38you
14:38want
14:39commensurate
14:40revenues
14:41as well
14:41because
14:44the
14:44revenues
14:44were
14:44anyway
14:45always
14:46for
14:46the
14:46sake
14:47of
14:48affording
14:48the
14:48cost.
14:49and
14:51a lot
14:51of
14:51that
14:51cost
14:52is
14:52simply
14:52personal
14:53fantasies.
14:55Now
14:56I have
14:56raised
14:58funds
14:58so I
14:59can
14:59spend
15:00them
15:00this
15:00way
15:00that
15:01way
15:01lavish
15:01office
15:02personal
15:02expenses
15:03so much
15:03more
15:04and
15:06now
15:06that
15:07this
15:07cost
15:07structure
15:07is
15:08there
15:08it
15:10demands
15:11a
15:11particular
15:11level
15:11of
15:12revenue
15:12and
15:12if
15:12that
15:13doesn't
15:13seem
15:13in sight
15:14one
15:15says
15:16I'm
15:16hanging
15:17up
15:17the
15:17boots
15:17don't
15:19let
15:19that
15:19happen
15:19first
15:22of
15:22all
15:22that
15:23internal
15:24dialogue
15:24should
15:25be
15:25very
15:25clear
15:25and
15:26then
15:28one
15:28can't
15:29really
15:30fail
15:30Acharya
15:34on
15:34the
15:35internal
15:35dialogue
15:35that
15:36you
15:36are
15:36mentioning
15:36a
15:37lot
15:37of
15:37times
15:38when
15:38we
15:38are
15:38having
15:38that
15:39first
15:39internal
15:39dialogue
15:40with
15:40ourselves
15:40there's
15:41a lot
15:41of
15:41self
15:42doubt
15:42that
15:42comes
15:42with
15:43it
15:43because
15:43when
15:44you're
15:44starting
15:44off
15:44especially
15:45you're
15:45young
15:45you're
15:46not
15:46too
15:46sure
15:47of
15:47yourself
15:47as
15:47an
15:48individual
15:48too
15:48like
15:48how
15:49do we
15:49navigate
15:49that
15:50in
15:50that
15:51process
15:51you
15:52see
15:53this
15:53self
15:53doubt
15:53is
15:54usually
15:54in
15:54the
15:54context
15:55of
15:55others
15:56so
15:57we
15:57call
15:57it
15:58self
15:58doubt
15:59but
16:00it
16:00has
16:00less
16:01to
16:01do
16:01with
16:01self
16:02and
16:02more
16:02to
16:02do
16:03with
16:03others
16:04are
16:06others
16:06taking
16:07the
16:07same
16:08beaten
16:08path
16:08what
16:10will
16:10others
16:10think
16:11of
16:11me
16:11how
16:12does
16:12this
16:13compare
16:14with
16:14all
16:15the
16:15case
16:15studies
16:16I
16:17have
16:17poured
16:18my
16:18nights
16:18into
16:19this
16:20doesn't
16:20look like
16:21any
16:21of
16:21them
16:21so
16:23it's
16:23all
16:23about
16:24the
16:24influence
16:25of
16:25others
16:26obfuscating
16:27your vision
16:27I'm not
16:29saying
16:30that
16:30those
16:31case
16:32studies
16:32and the
16:33management
16:33principles
16:33and the
16:34financial
16:34analysis
16:35they are
16:35no good
16:36they obviously
16:37are but
16:37they have to be
16:38kept aside
16:38when it comes
16:39to determining
16:40the purpose
16:41of a young
16:42person's
16:43life
16:43keep all
16:44that aside
16:45we'll pick
16:45that up
16:46when we'll
16:47need
16:47to use
16:48the tools
16:49to navigate
16:50the way
16:50no
16:51they are
16:51tools
16:51they cannot
16:52be our
16:53masters
16:53they are
16:55tools
16:55some
16:56management
16:56expert
16:57might have
16:57given a
16:58fabulous
16:58theory
16:58that's
16:59fine
16:59great sir
17:00thank you
17:00so much
17:00but I have
17:01my own
17:01life to
17:02live
17:02I'll use
17:03your
17:04theory
17:04I'll not
17:05allow your
17:06theory to
17:06use me
17:07so the
17:12thing will
17:15be mine
17:15and the
17:18operational
17:18aspects of
17:19it
17:20I'm glad
17:21to learn
17:21from anywhere
17:22operations
17:25I can learn
17:25strategies
17:26I can learn
17:27but purpose
17:28I'm not going
17:29to pick
17:29from anywhere
17:30the purpose
17:31will be
17:32fully mine
17:32from there
17:34comes that
17:35self-assurance
17:36next time
17:39when you
17:39have a
17:39bout of
17:40self-doubt
17:40ask yourself
17:42is it me
17:42or is it
17:43others
17:43we need
17:48to look
17:49nice and
17:49smart
17:50and if you
17:51want to raise
17:52funds you
17:52will be
17:53presenting
17:53your ideas
17:54and a
17:55nice PPT
17:55and you
17:57have these
17:57grey old
17:58men sitting
17:59in front of
18:00you and
18:01they say
18:01you know
18:0248
18:03successful
18:04ventures
18:05we have
18:06seen in
18:07our life
18:07and this
18:08young woman
18:09has come
18:09and she's
18:10coming up
18:11with this
18:12very eccentric
18:12idea and
18:14they look at
18:14each other
18:15and smirk
18:16and that
18:17totally saps
18:18the confidence
18:19out of you
18:20let that
18:22not happen
18:22right
18:25let them
18:26have their
18:27wisdom
18:27their experience
18:28everything
18:28and we
18:29want to use
18:30that
18:30we want
18:32to use
18:32experience
18:32and we
18:33want to
18:33use your
18:34funds
18:34but the
18:39purpose will
18:40be mine
18:41the purpose
18:41will be
18:42mine
18:42one more
18:48thing on
18:48the fact
18:49that you
18:49brought up
18:49the right
18:51path to
18:51take in
18:52finding your
18:52own purpose
18:53especially at
18:54young age
18:55it's very
18:55difficult for
18:56people to
18:56know what
18:57their purpose
18:58is and as
18:58you said
18:59it's very
18:59influenced by
19:00what people
19:01around them
19:01are doing
19:02so I just
19:02wanted to ask
19:03how do you
19:04go about
19:05finding your
19:05own purpose
19:06are there
19:07practices that
19:08you should do
19:08so that you
19:09can eventually
19:10find your
19:10own purpose
19:11and more so
19:12on the quitting
19:13part as well
19:14I mean we
19:14always speak
19:15about you
19:16should know
19:16the right
19:16time to
19:17quit not be
19:18boggled down
19:18by one idea
19:19for long
19:19and as you
19:21suggested that
19:21don't quit
19:22go on as
19:23long as you
19:24can so I
19:25just wanted to
19:25understand the
19:26dynamics of this
19:27contradiction
19:27yes yes
19:28wonderful
19:29first thing
19:29how to
19:30determine the
19:30purpose
19:31it's actually
19:32so simple
19:33that we
19:33miss it
19:34let's say
19:35you
19:36you are
19:37not to
19:38determine your
19:39purpose for
19:39a purpose
19:40right now
19:43you want to
19:44determine your
19:45purpose
19:46so that you
19:47can translate
19:48the purpose
19:49into a business
19:50idea
19:50now you'll be
19:52stuck
19:52even in
19:54determining your
19:55purpose be a
19:56little purposeless
19:57how
19:58ask yourself
20:00if I were
20:02not
20:03considering a
20:06business venture
20:06entrepreneurship
20:07at this point
20:08what do I
20:09see
20:10as important
20:12in the world
20:13today
20:14a freewheeling
20:17list
20:18purposeless list
20:20I do not
20:21know what
20:22I'll do
20:22with this
20:23list
20:23I'm not
20:25yet to
20:26judge that
20:27all the
20:27items on
20:28the list
20:28are actually
20:30very difficult
20:33business ideas
20:34to practically
20:35execute
20:36I'm not yet
20:37to go into
20:37that
20:37I'm looking
20:40at my
20:42condition
20:43at the
20:44condition of
20:44my people
20:46this planet
20:47like an
20:48alien
20:48someone who
20:51has no
20:51stakes in
20:52anything
20:52very
20:53impersonally
20:55neutrally
20:57very
20:58dispassionately
20:59I look at
21:00everything
21:01and then I
21:01say you
21:01know
21:02here's the
21:04list
21:04and it's
21:04not difficult
21:05at all
21:05if this
21:06were
21:07an
21:08assignment
21:08in a
21:09course
21:09you'd
21:12finish it
21:12off in
21:13like 30
21:13minutes
21:13flat
21:14or if
21:16you can't
21:17do it
21:17on your
21:18own
21:18just ask
21:18chat
21:18GPT
21:19what is
21:22it
21:22that
21:23deserves
21:23to be
21:24taken up
21:25in the
21:25world
21:25today
21:26if I
21:27were not
21:27to
21:27consider
21:28the
21:28difficulty
21:29in
21:30bringing
21:30the
21:31venture
21:31to
21:31profitability
21:32we'll
21:34consider
21:34that
21:34difficulty
21:34later
21:35we are
21:36equipped
21:37with our
21:37education
21:37and our
21:38smartness
21:38and all
21:39those
21:39things
21:39we'll
21:40tackle
21:40that
21:40later
21:41first
21:42of all
21:42let me
21:43figure out
21:43the right
21:43challenge
21:44to engage
21:45with
21:45and that's
21:48not difficult
21:48that's a
21:50matter of
21:50general
21:50knowledge
21:51so these
21:53are the
21:53things
21:53I need
21:54to get
21:54into
21:55just that
21:56we don't
21:57take this
21:57approach
21:57because
21:58we already
21:59have
22:01a center
22:03to start
22:04from
22:05and that
22:05center
22:06is
22:06how soon
22:07will I
22:08be
22:08profitable
22:08the problem
22:11with that
22:11is
22:11it's a
22:12shared
22:13center
22:13it's a
22:15center
22:15that
22:15everybody
22:16is
22:16carrying
22:16which
22:18basically
22:19means
22:19that the
22:20calculations
22:21you are
22:23so busy
22:24with
22:24are the
22:25calculations
22:26to be
22:27found
22:27on everybody's
22:29calculator
22:30or excel
22:31sheets
22:31or those
22:33basic
22:33softwares
22:34everybody is
22:36getting into
22:36it
22:37so it
22:37appears
22:38easy
22:38it
22:40appears
22:40repeatable
22:41it
22:44appears
22:44secure
22:45but if
22:46everybody
22:47is doing
22:47that
22:48you know
22:50of the
22:50term
22:50crowding
22:51out
22:51don't
22:52you
22:52you also
22:56know that
22:57even if
22:57there is a
22:58great
22:58opportunity
22:59it won't
23:03last
23:03for long
23:04in the
23:06language of
23:07finance
23:07we call it
23:08arbitrage
23:08arbitrage
23:11is something
23:11that you can
23:13avail of
23:13only for a
23:15fleeting second
23:15or a day
23:16a super
23:19normal kind
23:19of profit
23:20because if
23:22it is there
23:23then everybody
23:23would rush
23:24into it
23:24no
23:24and since
23:26everybody would
23:26rush into it
23:27nobody would
23:27get it
23:28the pie
23:30would be
23:30divided into
23:31so many
23:32portions
23:32all you would
23:33get is a
23:34few molecules
23:35maybe
23:35right
23:38and when
23:39it comes
23:40to the
23:42unknown
23:43path
23:44obviously
23:45when you
23:47will do
23:47the maths
23:48you might
23:49find
23:49well
23:50it doesn't
23:51look feasible
23:51but remember
23:53you will
23:54benefit
23:54from the
23:57fact that
23:57you
23:58are
23:59charting out
24:00new territory
24:01that there
24:04is not much
24:05competition
24:05there
24:05that you
24:10don't need
24:13to compare
24:13yourself
24:14against
24:14the
24:15established
24:15giants
24:16in some
24:20way you
24:21are planning
24:21out a
24:21monopoly
24:22a
24:24very difficult
24:26monopoly
24:27I understand
24:27but then
24:30it's not
24:30easy
24:31the other
24:31side
24:31either
24:32right
24:34post-reads
24:41smart people
24:42all
24:43I don't
24:43think I
24:44need to
24:44speak too
24:45much
24:45on
24:46how to
24:48do it
24:49you guys
24:50are much
24:50smarter
24:51than I
24:52am or
24:52I was
24:53the
24:55problem
24:55often is
24:56in the
24:57starting
25:00point
25:00itself
25:01the place
25:02you
25:03start out
25:03from
25:04if that
25:06can be
25:07taken care
25:07off
25:07yes
25:12further
25:13question
25:14about
25:15purpose
25:15my name
25:16is Isha
25:17I'm a
25:17data
25:17science
25:18and
25:18policy
25:19major
25:19at
25:20Berkeley
25:20and
25:21I've
25:22been
25:22really
25:22struggling
25:22with
25:23this
25:23idea
25:23of
25:23purpose
25:24and
25:24balancing
25:25getting
25:25a job
25:26my dad
25:28tells me
25:28in your
25:30first
25:31right after
25:31undergrad
25:32get a
25:32job
25:32and then
25:33for a
25:33couple
25:33years
25:3410-20
25:34years
25:34you'll
25:35have
25:35the
25:35money
25:36to
25:36do
25:36what
25:37you
25:37want
25:37with
25:37your
25:37life
25:37your
25:38purpose
25:38but
25:38it
25:39feels
25:39like
25:40I'm
25:40waiting
25:40for
25:40that
25:41to
25:41happen
25:41it
25:41feels
25:41like
25:41I
25:42have
25:42to
25:42have
25:42money
25:43and
25:43power
25:44to
25:44be
25:44able
25:44to
25:44do
25:44that
25:45and
25:45at
25:45the
25:46point
25:46where
25:46I'll
25:46be
25:47able
25:47to
25:47use
25:47that
25:48at
25:48that
25:48point
25:48it's
25:49too
25:49late
25:49because
25:49I've
25:49already
25:50missed
25:50my
25:50peak
25:51to
25:51do
25:52my
25:52purpose
25:52and
25:52fulfill
25:53the
25:53things
25:53I
25:53actually
25:53want
25:54to
25:54fulfill
25:54and
25:55it's
25:55kind
25:55of
25:55difficult
25:56because
25:56I
25:57understand
25:57and I
25:58really
25:58appreciate
25:58your
26:00words
26:00and
26:00that
26:01we
26:01should
26:02work
26:02towards
26:02something
26:03and
26:03do
26:03the
26:03things
26:03that
26:04we're
26:04interested
26:04in
26:05but
26:05it's
26:05really
26:06hard
26:06to
26:06manage
26:06that
26:07when
26:07everyone
26:07around
26:08you
26:08is
26:08also
26:08working
26:09and
26:10making
26:10money
26:10and
26:11they
26:11have
26:11more
26:11power
26:12than
26:12you
26:12because
26:12of
26:12that
26:13and
26:13how
26:13do
26:14you
26:14have
26:14a
26:14stake
26:15in
26:15making
26:15an
26:15impact
26:16if
26:16you
26:17don't
26:18play
26:18at
26:18the
26:18same
26:18field
26:19and
26:19play
26:19that
26:19game
26:20you
26:23see
26:23we
26:24are
26:24missing
26:24the
26:24principle
26:25of
26:27the
26:28dynamic
26:29self
26:30if
26:34you
26:34are
26:34to
26:34decide
26:34that
26:35you
26:35will
26:35work
26:37today
26:37for
26:39the
26:39next
26:3910-20
26:40years
26:40and
26:41then
26:42having
26:43amassed
26:45enough
26:46wealth
26:46you
26:46will
26:47then
26:47proceed
26:48in the
26:48direction
26:48of
26:48your
26:49purpose
26:49you
26:49are
26:50assuming
26:50that
26:51the
26:51self
26:52thinking
26:53of
26:54these
26:54smart
26:54things
26:55today
26:55would
26:55remain
26:56the
26:56same
26:56after
26:5720
26:57years
26:57right
27:00let's
27:01say
27:01you
27:01are
27:0125
27:02or
27:0230
27:02is
27:05yourself
27:06the
27:06very
27:07center
27:08of
27:08identity
27:08today
27:09the
27:10same
27:10as
27:11it
27:11was
27:1110
27:11years
27:11back
27:12then
27:15why
27:15do
27:15you
27:15suppose
27:16that
27:1620
27:17years
27:17later
27:18you
27:18would
27:18be
27:18the
27:18same
27:19girl
27:19the
27:19same
27:19woman
27:20what
27:22you
27:23get
27:23into
27:23changes
27:24you
27:24totally
27:24the
27:25self
27:25is
27:26not
27:26one
27:26thing
27:26the
27:27self
27:28is
27:29very
27:29vulnerable
27:30to
27:30environment
27:31it
27:32keeps
27:32changing
27:33therefore
27:34one has
27:35to be
27:35cautious
27:35of the
27:36surroundings
27:37the
27:37company
27:38the
27:38environment
27:38one
27:40gives
27:41to
27:41herself
27:41these
27:45mostly
27:46remain
27:46pipe
27:46dreams
27:47I
27:49am
27:49getting
27:49into
27:49something
27:49I
27:50wanted
27:50to
27:50be
27:51a
27:51writer
27:51I
27:52wanted
27:52to
27:52write
27:52something
27:53and
27:53I
27:53will
27:53do
27:53that
27:54once
27:54I
27:54retire
27:54and
27:57I
27:57will
27:58retire
27:58with
27:58so
27:58much
27:58money
27:59I
27:59will
27:59buy
27:59an
27:59island
27:59an
28:00entire
28:01island
28:01for
28:01myself
28:02and
28:02that
28:03would
28:03be
28:03just
28:03the
28:04right
28:04and
28:04tranquil
28:05place
28:05to
28:07write
28:07a
28:07novel
28:07at
28:08that's
28:10never
28:11going
28:11to
28:11happen
28:11those
28:13are
28:13the
28:13thoughts
28:13of
28:14the
28:1425
28:14year
28:14old
28:15those
28:16thoughts
28:17won't
28:17sustain
28:18even
28:18for
28:18an
28:18year
28:19because
28:21you're
28:22changing
28:22all the
28:23time
28:23and
28:25you
28:25are not
28:26randomly
28:27changing
28:27you have
28:29choice
28:29over the
28:30way you
28:30change
28:30once you
28:33enter a
28:34place
28:34let's
28:34say a
28:35workplace
28:35it's
28:38not just
28:38your bank
28:39balance
28:39that's
28:39going to
28:39change
28:40your
28:41very
28:41self
28:42is going
28:42to
28:43change
28:43and
28:44we
28:45disregard
28:45that
28:45we
28:47think
28:47oh
28:48no
28:48you
28:48know
28:48we
28:48are
28:49entering
28:49that
28:49place
28:50that
28:50company
28:50that
28:50organization
28:51and
28:54we
28:55know
28:55our
28:55purpose
28:56we
28:56are
28:56here
28:56to
28:56gather
28:57some
28:57experience
28:57get
28:58a
28:58few
28:58points
28:58on
28:59the
28:59CV
28:59make
29:00some
29:00money
29:00and
29:01then
29:01I'll
29:01exit
29:02and
29:03then
29:03I'll
29:03do
29:03something
29:03else
29:04ma'am
29:05the
29:06interaction
29:06is
29:07two
29:07way
29:08just
29:09as
29:09you
29:09have
29:10your
29:10agenda
29:11with
29:11respect
29:11to
29:11that
29:12company
29:12that
29:13company
29:14too
29:14is
29:14going
29:15to
29:15exert
29:15a
29:15reciprocal
29:16influence
29:16on
29:17you
29:17you
29:19won't
29:19remain
29:19the
29:19same
29:19person
29:20six
29:20months
29:21into
29:21that
29:21job
29:22but we
29:26think
29:26we are
29:26smart
29:27and
29:27we'll do
29:28as we
29:29please
29:29and
29:30it's
29:31our
29:31playground
29:31no
29:32it's
29:33a
29:33two
29:33way
29:34street
29:34so
29:37how
29:38do
29:38we
29:39sorry
29:39yeah
29:40how
29:41do
29:42we
29:42know
29:42which
29:43because
29:44if
29:44our
29:44mind
29:44is
29:44always
29:45changing
29:45how
29:45do
29:45we
29:45know
29:46which
29:46purposes
29:47we're
29:47feeling
29:47right
29:47now
29:48to
29:48act
29:48on
29:48without
29:49that
29:49risk
29:50of
29:50you
29:50get
29:50into
29:50something
29:51that
29:51doesn't
29:51work
29:51out
29:52and
29:52how
29:53do
29:53you
29:53balance
29:53that
29:53rational
29:54thought
29:54versus
29:54exploring
29:55like
29:56we're
29:56talking
29:56about
29:56entrepreneurship
29:57you
30:00surely
30:00must
30:01be
30:01having
30:01provision
30:02of
30:02optional
30:03courses
30:03in your
30:04college
30:04right
30:04optionals
30:07you pick
30:08them up
30:08yeah
30:10we pick
30:10them up
30:10for several
30:11reasons
30:11at least
30:12that's how
30:13used to
30:13happen
30:14in my
30:14time
30:15mostly
30:17we say
30:17you know
30:18this is
30:18what would
30:18look good
30:19on the
30:19CV
30:19and then
30:21we
30:21pick it
30:22up
30:22ask
30:23yourself
30:24if
30:24the
30:27choice
30:28of
30:28the
30:28course
30:28were
30:29not
30:29to
30:29matter
30:30on
30:30the
30:30CV
30:30at
30:31all
30:31which
30:32course
30:33would
30:33you
30:33pick
30:34and
30:34that
30:35will
30:35tell
30:35you
30:35of
30:36your
30:36inclination
30:36and
30:41at
30:41places
30:42like
30:42yours
30:43you
30:44have
30:44a
30:44great
30:44diversity
30:45of
30:45options
30:46you
30:47can
30:47pick
30:48up
30:48stuff
30:48from
30:49literature
30:50from
30:50arts
30:51from
30:51history
30:52from
30:53communication
30:54from
30:55strategy
30:55everything
30:56everything
30:57under
30:57the
30:57sun
30:57I
30:58hope
30:59I'm
30:59right
30:59right
30:59that's
31:00the way
31:00it's
31:00at
31:00your
31:01place
31:01right
31:01yeah
31:02that's
31:04what we
31:04used to
31:04admire
31:05about
31:06the
31:06top
31:07US
31:07institutions
31:08when I
31:08was doing
31:09my MBA
31:09the range
31:11of
31:11optionals
31:11that we
31:12had
31:12was much
31:13smaller
31:14compared
31:14to what
31:15you
31:15have
31:15now
31:17ask
31:18yourself
31:18now
31:18this is
31:18the
31:18entire
31:19basket
31:19had
31:21there
31:21been
31:22no
31:22pressure
31:23of
31:24any
31:24kind
31:24what
31:25is
31:25it
31:26I
31:26have
31:26put
31:27my
31:27finger
31:27on
31:28and
31:29probably
31:29that's
31:30where
31:30your
31:30heart
31:30beats
31:31and
31:32it's
31:32very
31:32important
31:32I'm
31:34not
31:35coming
31:36to you
31:36I
31:36repeat
31:37with
31:37some
31:38kind
31:39of
31:39impractical
31:40mystical
31:40lecture
31:41I'm
31:43all for
31:43application
31:44of
31:44everything
31:45that you
31:45have
31:45learnt
31:45and
31:46you
31:46must
31:46be
31:47very
31:47deft
31:48very
31:48smart
31:49with
31:50management
31:50principles
31:51applications
31:51tools
31:52everything
31:52but
31:54that
31:55comes
31:55later
31:55mind
31:56you
31:56that
31:57comes
31:57later
31:58success
31:59is
31:59determined
32:00less
32:00by
32:02your
32:02proficiency
32:03in a
32:04particular
32:05field
32:06of
32:06specialization
32:07than
32:08by your
32:09commitment
32:10to your
32:10conviction
32:11you need
32:14to
32:14know
32:15things
32:16for sure
32:16internal
32:17things
32:17external
32:18things
32:18one can
32:18never
32:18be
32:19too
32:19sure
32:19of
32:19you
32:20need
32:20to
32:21know
32:21things
32:21with
32:21as
32:22maturity
32:22as
32:22possible
32:23and
32:23then
32:23one
32:24needs
32:24to
32:24commit
32:24oneself
32:25to
32:25it
32:25and
32:28then
32:28all
32:28these
32:28tools
32:29will
32:29come
32:29handy
32:29then
32:31you
32:31will
32:31say
32:31I'm
32:31empowered
32:32to
32:32now
32:33execute
32:33my
32:34vision
32:34these
32:36things
32:36are
32:36for
32:36your
32:37empowerment
32:37they
32:38are
32:38not
32:39there
32:39by
32:39these
32:40things
32:40I
32:40mean
32:40the
32:40education
32:41the
32:41course
32:41has
32:41everything
32:42the
32:42networking
32:43everything
32:43all
32:45these
32:46things
32:46are
32:46there
32:47to
32:47empower
32:48you
32:48to
32:48do
32:48what
32:49you
32:49must
32:49these
32:50things
32:50are
32:51not
32:51there
32:51to
32:51dictate
32:52to
32:52you
32:52what
32:53you
32:53must
32:53do
32:53and
32:54that's
32:54a
32:54very
32:55crucial
32:55difference
32:55thank you
33:00for your
33:01response
33:01and also
33:03another
33:03thing
33:03another
33:03thing
33:04give me
33:04a minute
33:04you said
33:05when everybody
33:06around you
33:07is doing
33:08so well
33:09and making
33:09money
33:10and minting
33:12stuff
33:12how does
33:14one then
33:15stick to
33:17what one
33:17has thought
33:18of
33:18if you
33:20are doing
33:20really
33:21the right
33:22thing
33:22it would
33:23absorb
33:24you so
33:24fully
33:25you won't
33:27have time
33:28to look
33:28at others
33:29you
33:33for
33:34many long
33:35years
33:35you might
33:35find you
33:36have no
33:36interest
33:37in what
33:37others
33:37are doing
33:38because
33:38what you
33:38are doing
33:39your own
33:39baby
33:40has absorbed
33:42demanded
33:43every bit
33:45of your
33:46time
33:46yourself
33:47your energy
33:47in fact
33:49you might
33:50find
33:51that the
33:53others
33:55instead
33:56are doing
33:58some kind
33:59of a
33:59snoop job
33:59what is
34:01she into
34:02why doesn't
34:04she respond
34:04on the
34:04groups
34:05what exactly
34:07has she
34:07found
34:07and
34:09occasionally
34:10you might
34:10receive
34:11phone
34:11calls
34:11asking
34:12so
34:12how
34:12much
34:12are
34:12you
34:12making
34:13and
34:15you
34:15smile
34:15at
34:16the
34:16very
34:16irrelevance
34:17of the
34:17question
34:17irrelevant
34:19not because
34:20you are not
34:20making
34:21anything
34:21but because
34:23that should
34:23never be
34:24the first
34:24question
34:24to ask
34:25to anybody
34:26or the
34:26central
34:26question
34:27this is
34:31not fiction
34:32I have
34:34been through
34:35it
34:35I am
34:36coming from
34:37there
34:37and then
34:39if you
34:40happen to
34:41achieve
34:41material
34:42success
34:42as well
34:43happen to
34:44achieve
34:44because
34:45that's
34:45not
34:45your
34:46first
34:47priority
34:47if you
34:48happen to
34:48achieve
34:49material
34:49success
34:49as well
34:50all these
34:51people
34:51whose
34:52opinions
34:53you are
34:53so
34:53concerned
34:54with
34:54today
34:55you
34:55might
34:56find
34:56them
34:56lined
34:57up
34:57to
34:57meet
34:57you
34:58because
35:00you are
35:00you are
35:01you are
35:01doubly
35:01ahead of
35:02them
35:02now
35:02you are
35:03always
35:04ahead of
35:04them
35:04because
35:05you
35:05started
35:06out
35:06from
35:06the
35:06right
35:06place
35:07and
35:07you
35:07are
35:08doubly
35:08ahead
35:08because
35:09you
35:09not
35:09only
35:09started
35:10out
35:10from
35:10the
35:10right
35:10place
35:10but
35:11also
35:11achieved
35:12material
35:12success
35:13and
35:16they'll
35:16be
35:17walking
35:18over
35:18each
35:18other
35:18to
35:18come
35:19to
35:19you
35:19and
35:20talk
35:20to
35:20you
35:20and
35:20ask
35:21how
35:21is
35:21it
35:22what
35:22have
35:23you
35:23been
35:23doing
35:23all
35:24these
35:24years
35:24where
35:24were
35:24you
35:25can
35:27we
35:27replicate
35:27your
35:28model
35:28yeah
35:34thank you
35:36sir
35:36for your
35:36response
35:37I think
35:37it was
35:38very
35:39enlightening
35:39especially
35:40as a young
35:40person
35:40it's hard
35:41to hear
35:41that
35:41sometimes
35:42but
35:42I like
35:43that there's
35:44a sense
35:44of hope
35:45the
35:51who
35:51the
35:54thing
35:55was
35:56he
35:57did
35:58there's
35:59nothing
36:01for
36:02them
36:03to
36:03what
36:04it
36:05can
36:06it
36:07that
36:07and
36:08the

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