Via thinkArete The classic Greek philosophers had a word for the process of self-actualizing and striving to reach your highest potential. They called it ‘Areté.’ . In fact, Areté was one of the most important values in classic Greek culture. Guys like Socrates, Plato and Aristotle tell us that the meaning of life is to live with happiness and that the way to achieve happiness is to live with Areté (aka excellence, striving to reach your highest potential).

I know for a fact that there are zillions of unsecured lending sources in India. They go under the popular name"chit funds". It is something similar to the Grameen model but the system is not at all robust. There are a lot of chit funds which have gone bust. But that has not stopped the mushrooming of new funds from time to time.So there are 2 kinds of systems in place.

In one of the classes on Lebesgue Integration that I was attending , there was a student / executive who was rather pained by the academic side to probability analysis. Professor was trying to prove that a vector of n dimensional normal random variables is also a normal variable if every linear combination of the n components is a normal random variable. At some point of proving the statement, the student felt frustrated and blurted out that he wanted more practical applications than theory.

An Indian entrepreneur’s view on the location : Link : Is it easier to do a start up in India than in US