Tuesday, November 9, 2021

From digital disruption to SaaS solution at The Washington Post: A Shailesh Prakash perspective

It was a pleasure to have my classmate Shailesh Prakash, EVP & CIO at The Washington Post, give a guest lecture in my class at IIM Bangalore a few months ago. “Amazon unbound” author Brad Stone calls Shailesh Jeff Bezos’ technology partner at The Post. When Bezos acquired The Post in 2013, Shailesh and his team were developing a content management system called Arc Publishing to manage functions like online publishing, blogging, podcasting, advertising, and e-commerce. By the time Shailesh addressed us last August, Arc was supporting 1.5 billion user transactions per month and powering 1500 sites across 24 countries. It has become a separate business division with 300 employees offering a SaaS (Software as a Service) product to clients like Boston Globe, Chicago Tribune, Toronto Globe and Mail, and some of the leading newspapers in Spain, France, New Zealand, etc.

The key question Shailesh explored through his interaction with students is – How does a newspaper company founded in 1877, focussed on excellence in journalism, having a little bit of chip on the shoulder, with the brand and the success that has come along the way then end up offering a SaaS product which is now with every large newspaper and many broadcasters? It was an excellent primer on how intrapreneurship can happen in an established legacy business. Here are a few highlights from his talk:

The digital disruption at the publishing industry: Shailesh began by telling us that at one point, newspapers like The Post were monopolies, owned railroads, paper mills, printing plants, logistics and supply chains, and much more. And they were very profitable delivering 2 editions every single day with deep and wide moats. However, over the last twenty years, the Internet and subsequently mobile revolution disrupted the industry. Many newspapers made the mistake of offering the content for free on the web and couldn’t sustain the business based on advertisements. Many newspapers went out of business.

Excellence in journalism and engineering: The first step in this journey, according to Shailesh, was to accept that excellence in journalism is not enough. Google, Apple, and Amazon have spoilt the consumers and they are demanding speed, beauty, and ease of access in whatever they consume. The Post had to become excellent in the other dimension - design, product, technology, and engineering in order to attract and retain its consumers. With this realization, Shailesh was hired by Don Graham, the erstwhile owner of The Post, and given the task of making the newspaper digital-friendly. With the arrival of Bezos, this initiative got accelerated further and the culture was infused with the spirit of experimentation.

Crawl, walk, run story of Arc: “It’s not that we had everything figured out,” said Shailesh, “and then we did marketing and boom!” The journey has been relatively fast but very incremental. The first step was to say that the content management system can be built in-house and doesn’t have to be bought from outside. Once some aspects of the stack were built, Shailesh got curious as to whether it can be delivered as a SaaS solution. So it was offered for free to some university newspapers like the University of Maryland, Yale, Columbia, New York University, University of Southern California, etc. The idea was to learn what it takes to run a multi-tenant architecture. Could it be ensured that the content of Yale is not seen by the student journalists in Columbia? What is the cost of running such a solution?

The next step was to offer it to a small newspaper and get paid for it. The newspaper was trying to support blogging on their site and that worked. The next step was Toronto Globe and Mail – a big newspaper in Canada. They were willing to partner at an early stage of the product development and were interested in influencing the roadmap. This was the first time two large newspapers – The Post and Toronto Globe were simultaneously using the product.

And slowly, other papers like LA Times and then broadcasters started to come in. Once supporting online subscriptions became an important feature of the platform the commerce piece, payment gateway mechanisms had to be worked out. Were there non-believers? Of course, there were. Even analysts and respected journalists were skeptical of this “side business”. Fortunately, the parent company of The Post went private during this phase and that helped. Over the years, the journalist mix in the newsroom has changed too. It now has a number of TikTok savvy native digital journalists. Now, questions like “How does one deliver stories with speed and still stay true to the brand?” have become important.

As major competitors of The Post started to come in as customers, the business agreements and associated liabilities especially for data breaches started to become nuanced. Mutual Funds wanted an ISO audit. All this pushed the boundaries for the technologists but it also meant building competence on the legal, finance, and consulting sides.

Overall, it was an enriching experience. Thanks, Shailesh for sharing your insights! I learned a lot and I am sure students did too. Wishing Arc a successful trajectory ahead!

Monday, October 18, 2021

Yezdi Lashkari’s insights on innovation in the Hitech world

It was a pleasure to have my classmate and friend Yezdi Lashkari give a guest lecture in my course “
Strategic management of technology and innovation” at IIM Bangalore last term. Yezdi is currently the Founder of Flexmoney, a leading Fintech startup based in Mumbai that is trying to disrupt digital consumer credit market. Yezdi has had an illustrious career spanning IITB, MIT Media Lab, Seattle, and Silicon Valley and 3 start-ups. Before I could grasp what Internet was all about, Yezdi had sold his first Internet-based start-up Firefly to Microsoft in 1998. He worked with bosses like Satya Nadella and Steve Ballmer at Microsoft. In his talk, Yezdi captivated the class with his nuggets of wisdom. Here are 3 of his insights on innovation in the HiTech world:

     1.      Failure is an option:  Yezdi’s second startup happened around the 2008 financial meltdown and it had to close down. Like many of us, Yezdi grew up in the “failure is not an option” culture in India. Until that point, he had not seen any failure. So this startup failure came as a big shock and disappointment. This is when he got good advice from his angel investors. They said, “You can’t blame yourself for this. The entire world is going down. Take a break. Come back and we will give you money for the next startup”. He realized that that was an amazing attitude. After more such experiences, Yezdi is convinced, “If you are not failing, you are not trying enough.”

2.      Listen from all directions: Satya Nadella was Yezdi’s first boss at Microsoft. He was not the most aggressive boss around unlike the Microsoft culture prevalent at that time. However, he was very good at listening and synthesizing different points of view. Over the years, Yezdi began to appreciate the importance of listening from all directions. Juniors are quite hesitant to speak up when the boss is around. And unless one cultivates the culture that anyone can speak up, ideas get blocked. In the hitech world, young people are likely to be in touch with the latest technology trends. And if one doesn’t listen to them, one may not catch these signals.

3.      Have fun: Corporate world today is extremely fast-paced. One needs to work hard and it also involves sacrifices. However, if you just focus on your career, you are likely to lose out on a lot of joy. Yezdi’s move back from Silicon Valley to India was motivated by his desire to spend more time with his parents. He feels it is important to take breaks and spend time with friends, family, and parents. And Yezdi walks the talk.

Thanks, Yezdi for sharing your wisdom with us!

Friday, October 15, 2021

My 3 favorite verses from Bhagavad Gita

Bhagavad Gita is an ocean and I am no expert on it. However, from time to time I come across a verse from Gita which makes me curious and I study it. Over the years, I have become fond of certain verses. Here I present 3 of my favorite verses.

      1.      This is verse 2.28.

अव्यक्तादीनि भूतानि व्यक्तमध्यानि भारत।

अव्यक्तनिधनान्येव तत्र का परिदेवना ॥2.28॥

avyaktadeeni bhootani vyaktamadhyani bharat

avyaktnidhananyev tatra ka paridevana ||2.28||

 

Before birth, beings are unmanifest;

between birth and death, manifest;

at death, unmanifest again.

What cause for grief in all this?

(translation: Bhagvad Gita, A new translation, Stephen Mitchell, 2000)

This verse is interesting to me because of its counter-intuitive proposal. We are all familiar with the forms in and around us such as mountains, trees, clouds, living beings, etc. This world is sometimes called the manifest. We also know of subtler forms such as programs present inside your smartphone or DNA code present inside every cell of your body or beliefs we carry in our memory. This verse suggests that the manifest world also exists in such a subtle yet unmanifest state. Now the question is, which is more fundamental, the manifest or the unmanifest or both are equivalent? This verse proposes that the unmanifest is more fundamental. It is from the unmanifest, the manifest emerges and after the form dissolves it goes back to the unmanifest again.

In the case of the software program inside the smartphone, this is not difficult to see. When you start an app such as a video player, the program for playing video gets activated and when you exit the app, the program remains in the inactive state. However, if you dismantle and open the phone or even break it, there is nothing in there that you can touch and say, “This is the video playing program.” The program exists in a subtle form that can’t be touched or felt. Programs not only drive smartphones but also drive giant airplanes and large plants.

Perhaps we could say the same thing for our beliefs. Every moment, according to what the moment means to us, certain beliefs get activated.  They give rise to thoughts, which in turn give rise to actions and when at another moment the meaning changes, these thoughts go away and those beliefs remain in an inactive state. Neuroscientists haven’t figured out a way of pointing to a set of neurons and say that this is the belief. The programs and the beliefs are examples of unmanifest and the video player, the airplane and the human body are examples of the manifest.

The verse suggests that each of us came from an ocean of the unmanifest and we would go back to the ocean after death. And then asks the question: Why worry?


2.     This is verse 13.29 

प्रकृत्यैव च कर्माणि क्रियमाणानि सर्वशः।

यः पश्यति तथात्मानमकर्तारं स पश्यति॥13.29||

 prakrtyaiva cha karmaNi kriyamaNani sarvashah |

yah pashyati tathatmanamakartaram sa pashyati || 13.29||

(My translation:)

All actions are performed by inbuilt tendencies

One who sees that self is non-doer sees

The phrase that first attracted me to this verse is यः पश्यति स पश्यति (yah pashyati sa pashyati, one who sees, sees). It is suggesting that seeing clearly is enough. It doesn’t say, “One who sees, does good” etc. Now what does one see? One sees that our tendencies are expressing themselves into various actions and that there is no independent self acting. Like the previous verse, this is counter-intuitive. It is not our everyday experience. It feels as though I am making decisions and acting. Of course, there are times when we feel overpowered by our tendencies – overeating, oversleeping, over-reacting, worrying, etc. But other than that it feels as though I am in command.

To me, a self-driving car is a good metaphor that may help us see what this verse is trying to suggest. A self-driving car driven by a shared program carries tendencies based on past experiences, not just of that car but other similar cars as well. And is there an independent entity driving the car? No. The program is shared and the map is shared. Perhaps we are like self-driving cars, there is no one in the driver’s seat.

3.     Verse 17.3

सत्त्वानुरूपा सर्वस्य श्रध्दा भवति भारत।

श्रध्दामयोSयं पुरुषो यो यच्छ्श्रध्दः स एव सः॥17.3||

 sattvanuroopa sarvasya shraddhaa bhavati bharat

shraddhamayo S yam purusho yo yachshraddhah sa eva sah ||17.3||

(My translation:)

Beliefs exist according to one's nature, Arjuna

An individual is a concoction of beliefs, whatever his beliefs, he is that

The phrase that attracted me to this verse is यो यच्छ्श्रध्दः स एव सः (yo yachshraddhah sa eva sah, Whatever his beliefs, he is that). It makes a very strong statement – You are your beliefs. Like previous verses, this feels counter-intuitive. I feel my beliefs are just one aspect of me. But beliefs are not me.

You could say, your body is not a belief. But neuroscience has revealed that one could feel pain/itch in a body part/limb that doesn’t exist. You could say, my breathing is not a belief, it is a fact. Alternately, one could say that necessity of breathing is a belief held by the body-mind for its survival that is just playing out. As neuroscientist Karl Friston puts it, “Each individual is a hypothesis or model of what should occupy this ecological niche, and must compete for selection under pressure from the environment”.

Perhaps you could see the connections between all three verses. We can look at a set of beliefs like a shared program that is getting updated based on new experiences. And life is just a play of that shared program in response to changing context. The shared beliefs or the unmanifest expresses itself into different forms including living forms. A form is nothing but shared beliefs in action embedded in a context.

Hope these verses made you reflect. You may not see it the way these verses suggest right now. But sometimes it is worth looking at them as hypotheses. Hope you give them a fair try.

image credit: iskondwarka.org

Tuesday, October 12, 2021

A peek into Bezos’ big bet review: Alexa example

Innovation review has been an important element in my consulting work for the past decade and a half. And I have seen that it becomes trickier when it comes to reviewing big bets. In “Amazon unbound: Jeff Bezos and the invention of a global empire”, Brad Stone gives us a peek into how Jeff Bezos reviews his big bets like Alexa, Go, Fire Phone, AWS, India, and more. I found it very interesting. Here is an example of how such a review went for Alexa.

On January 4, 2011, Bezos sent an email to a few select executives including his technical advisor or TA, Greg Hart, “We should build a $20 device with its brains in the cloud that’s completely controlled by your voice.” By then Hart and Bezos would have perhaps discussed the advent of speech recognition multiple times including once in late 2010 when Hart demonstrated Google’s voice search on Android to Bezos. Soon after the email, Hart was assigned the secret project to build such a device and he moved out from his TA role.

By early 2013 the product codenamed Doppler was in beta testing mostly from a few hundred Amazon employees. The data was noisy and it wasn’t enough. The device didn’t look promising yet. Bezos kept asking, “How will we even know when the product is good?” Rohit Prasad was leading the effort in building a far-field speech recognition engine, a core part of Doppler. Prasad and Hart prepared a graph showing how Alexa would improve as data collection progressed. For each successive 3 percent increase in accuracy, they needed to double the data.

In one of the reviews with Bezos, Hart, Prasad, and team proposed to double the speech science team and postpone the launch from summer to fall. Bezos commented, “You are going about this the wrong way. First, tell me what would be a magical product, then tell me how to get there.” Then the question came whether the team had enough data. Prasad answered that they need thousands of more hours of complex, far-field voice commands.

Bezos factored in the team’s request for additional speech scientists and calculated how long the revised team would need to get the requisite data. He asked, “Let me get this straight. You are telling me that for your big request to make this product successful, instead of it taking forty years, it will only take us twenty years?” His math was correct and the team didn’t have a plan. Bezos ended the meeting abruptly say, “You guys aren’t serious about making this product.”

This review resulted in a serious introspect in the team and they came up with a plan of outsourcing the data collection. The new program called AMPED ended up renting neighborhoods first in Boston and later expanding it to 10 cities and recruiting contract workers. The rented homes and apartments were sprinkled with Alexa devices disguised as pedestal microphones, Xbox gaming consoles, TVs, and tablets. The contract workers worked eight hours a day, six days a week, reading scripts from iPad with canned lines and open-ended requests.

By 2014, the Alexa team had increased its store of speech data by a factor of ten thousand. When all this was presented to Bezos in the review, he said, “Now I know you are serious about it! What are we going to do next?”

Bezos’ comment, “First tell me what would be a magical product, then tell me how to get there” would get repeated in different forms. For example, in the review of another of his big bet, India business, Bezos would ask Amit Agarwal, Head of Amazon India, “Tell me how to win. Then tell me how much it costs.” It reminded me of George Day’s innovation portfolio management framework, “Real-win-worth it” (HBR Dec 2007).

image source: amazon.in

Tuesday, October 5, 2021

3 flavours of innovation strategy


For a business, does it matter what the innovation efforts are led by? I feel it does. For example, is it led by technology creation? Or is customer experience primary and technology an enabler? Or is the primary focus continuous improvement? I feel there is no right or wrong answer. However, having clarity on this aspect makes a difference in the design and execution of innovation strategy. Here are 3 flavours of innovation strategy depending upon what it is led by. This view may be a bit simplistic but I feel it gives a good starting point in establishing clarity on the design of innovation strategy.

Customer experience-led: Amazon spends a lot of money on R&D – both in absolute terms and as a percentage of its sales. In 2020, in SEC filing it reported an expenditure of $42 billion (11% of sales) which includes both technology and content (such as films and web series). Amazon also filed 2244 patents in 2020. However, innovation strategy at Amazon seems to be customer experience-led. Every concept proposal starts with a 2-pager “press-release” describing how the product/service would be useful to the customer. Even the CTO, Werner Vogels says his main job is customer pain management. Even a futuristic fully automated grocery store such as Amazon Go had to go through several iterations of the “press-release”. For Echo/Alexa Amazon did significant idea testing with potential customers to determine which features to be included and also launch worthiness. After having launched the product in the market, Amazon updates product roadmap based on customer feedback.

A. G. Lafley led P&G’s innovation strategy during 2000-2010 was also customer experience-led. As Lefley wrote in “The game-changer”, it meant strengthening the design capability, launching programs such as Living-it and working-it for teams to spend time with potential customers to gather insights, creating structures such as Clay Street and innovation gyms to prototype ideas quickly and get customer feedback. Technology development continued to be an important element of the innovation strategy. However, customer experience was clearly the driving force.

Like Amazon and P&G, if your innovation strategy is customer experience-led, then you need to design structures, processes and capabilities that put customer experience at the centre of the innovation process. It might mean design thinking needs to be a crucial competency in the organization.

Technology-led: When Google invests in moonshots like self-driving cars or quantum computing, its innovation strategy is being led by technology development. It shows up in the accounts, the R&D expenses for Google (Alphabet) in 2020 were $27B, 15% of revenue. Technology at the cutting edge is risky, highly competitive, and needs a talent pool that is not easy to retain. When will quantum computing start generating revenue? and when it does will it be significant? Nobody knows. Hence, only companies with deep pockets like Google, technology-focused start-ups, government funded research labs like National Chemical Laboratories (NCL) take up this route.

Many technology-led start-ups like DeepMind eventually get acquired. Companies like Bose Corporation who manage to do technology-led innovation on their own typically remain privately held in order to avoid quarterly performance pressure. To be a technology-led innovator, you need to build a war chest to fight legal battles. This means building a legal team in addition to building intellectual property.  In fact, Bose has been described by the audio industry as a “litigious company”.

Continuous improvement led: I remember one of my early consulting engagements with an R&D organization more than a decade ago. The then Head of R&D said, “We don’t have an insight right now to take a big bet. However, for the next couple of years, we would like to democratize continuous improvement.” And we did and we created a process of logging, selecting, encouraging, helping employees implement ideas. Idea catalysts from various teams met every month to share their experience and learn from each other. We circulated an innovation dashboard every month. And it helped build creative confidence in the organization. After a couple of years, the Head of R&D was ready to build an innovation sandbox around the challenge of cloud migration. 

The point is continuous improvement can be a strategic direction for innovation efforts at least for a while. Creative confidence across all levels of the organization can be a huge advantage. A look at Toyota’s “40 years, 20 million ideas” gives us some idea. Katsuaki Watanabe, the then President of Toyota has said in an interview in Harvard Business Review, “There is no genius in our company. We just do whatever we believe is right, trying every day to improve every little bit and piece. But when 70 years of very small improvements accumulate, they become a revolution.”

In a large organization, different businesses may be pursuing different innovation strategies. It is possible that in one business unit innovation is technology-led while in another business unit it is customer experience-led and in yet another unit it is continuous improvement led.  

What is the flavour of your innovation strategy?

Source: 
For Amazon's Echo/Alexa development, check out Chapter 1 of "Amazon unbound" by Brad Stone.

Wednesday, September 29, 2021

My takeaways from “Strategic management of technology and innovation”

I just finished teaching a course “Strategic management of technology and innovation” at IIM Bangalore. This was my third time in the last three years. I enjoyed teaching the course and learned a great deal in the process. I have several takeaways, but here are three that stand out in my mind right now.

The title grows on you: I inherited the title of the course from Prof S Rajeev who had been teaching it for fifteen years. Thanks to the suggestions from PGPEM chair Prof Gopal Mahapatra and PGPEM program manager Sandeep Kudachi, I got an opportunity teach it. I initially thought the title had too many loaded abstract words and thought I could shorten it later. However, over the last 3 years I have begun to appreciate the three dimensions of the course – innovation management, management of technology and strategic thinking. And I hope to build on them further.

Process vs people/outcome: As the above image shows we ended up studying innovation stories of a number of innovators / innovation leaders. However, we kept our focus on the learnable process rather than people characteristics. This was a side effect of my process bias. While I understand how inspiring Steve Jobs or Elon Musk could be, I am not convinced one can become like one of them. In fact, we did study a case of Elizabeth Holmes who tried to become like Steve Jobs, at least outwardly. However, even in the Theranos case, our primary emphasis was “How to detect innovation frauds?” Along with success stories, we also studied failures (e.g. Fabmart) and work-in-progress (Vimeo) stories. In fact, the theme “learning to fail with comfort” was running throughout the course.

Culture friendly approaches: Taliban government came to power while the course was going on. We asked, “If you were hired as a consultant by department of education in Taliban government, what suggestions will you give?” If you suggest, “Empower women”, it may not go far. Our cultural biases influence our absorption capacity.  The same goes for every organization because each has a unique culture. And hence we played special attention to learning to design culture friendly approaches. One way is to learn from the internal bright spots – things that have worked within the same culture in the past. In case of Taliban, one such starting point could be to dig out bright spots in education from 1996 to 2001 when Taliban was in power.

Thanks to the amazing infrastructure IIMB has invested in, I got to experience the hybrid mode of teaching for half the course. In hybrid mode, half the students were in the class and the other half were online and they would switch the following week. Many students felt in-class interactions – with teacher but more importantly with other classmates – were far more effective than in the online mode. Especially for my teaching style where in-class group discussions are important, hybrid mode made a big difference.

Availability of the online mode also offered opportunities in inviting guest speakers from other towns (Mumbai) and countries (US). It was great to hear perspectives from a technology investor (Ravi Aranke, SVP, Cloudera), a serial entrepreneur (Yezdi Lashkari, Founder, Flexmoney) and an intrapreneur (Shailesh Prakash, CIO, Washington Post). All of them are my classmates and it was a joy to see them doing wonderful stuff in their field and inspire students.

Saturday, June 5, 2021

My key takeaways from Katha Upanishad

Investigating the “illusion of time” hypothesis is an important part of the mindfulness process and I explore it in chapter 7 of my mindfulness book. In Sanskrit and in many Indian languages the word kaal (काल) means both time and death. Hence, Katha Upanishad (or Kathopanishad) which contains a dialogue between Nachiketa, an inquisitive boy and Yama, the God of death has been of interest to me. I had read the English translations a few times. Last year, I tried to read it in Sanskrit. I used the Sanskrit online dictionaries and also listened to 30 of 47 discourses by Swami Tejomayananda of Chinmay Mission last year. Here are my key takeaways from what I have read so far and what my understanding is of these verses. I am sure, like any art form, I might find new meanings and nuances when I read it again.


1.      What is the state of the world?

Verse: 1.2.5

अविद्यायामन्तरे वर्तमानाः स्वयं धीराः पण्डितं मन्यमानाः ।
दन्द्रम्यमाणाः परियन्ति मूढा अन्धेनैव नीयमाना यथान्धाः ॥ ५ ॥ 
 
avidyāyāmantare vartamānāḥ svayaṃ dhīrāḥ paṇḍitaṃ manyamānāḥ |
dandramyamāṇāḥ pariyanti mūḍhā andhenaiva nīyamānā yathāndhāḥ || 5 ||

Living in the middle of ignorance and regarding themselves as intelligent and learned, the ignorant go round and round, in many crooked ways, like the blind led by the blind.

 

2.      Why is the world like this?


पराञ्चि खानि पराङ्पश्यति नान्तरात्मन् । (part of verse 2.1.1)
parāñci khāni parāṅpaśyati nāntarātman |

Sense organs are out-going. Therefore, one sees outside and not the atman within.

And the first line of the next verse (verse 2.1.2) 

पराचः कामाननुयन्ति बालास्ते मृत्योर्यन्ति विततस्य पाशं ।
parācaḥ kāmānanuyanti bālāste mṛtyoryanti vitatasya pāśaṃ | (verse 2.1.2) 

The ignorant pursue external objects of desire; they get into the meshes of widespread death.

 

3.      What is futile?

Part of the verse 2.1.2 tells what is futile:
ध्रुवमध्रुवेष्विह न प्रार्थयन्ते

dhruvamadhruveṣviha na prārthayante 

(Wise) do not wish for permanence from that which is impermanent.

 

4.      What to do? (1)

 

आवृत्तचक्षुः (āvṛttacakśuh)i.e. Turn eyes (attention) inwards (Part of verse 2.1.1)

And observe that (verse 1.3.10)


इन्द्रियेभ्यः परा ह्यर्था अर्थेभ्यश्च परं मनः ।
मनसस्तु परा बुद्धिर्बुद्धेरात्मा महान्परः ॥ १० ॥

indriyebhyaḥ parā hyarthā arthebhyaśca paraṃ manaḥ |
manasastu parā buddhirbuddherātmā mahānparaḥ || 10 ||

Meaning is superior to the sense organs, underlying tendencies or beliefs are superior to the meaning, discerning intelligence (vivek-buddhi) is superior to the beliefs and underlying essence (atman) is superior to the intelligence.

5.      What to do? (2) 

Verse 1.3.14

उत्तिष्ठत जाग्रत प्राप्य वरान्निबोधत ।
क्षुरस्य धारा निशिता दुरत्यया दुर्गं पथस्तत्कवयो वदन्ति ॥ १४ ॥
uttiṣṭhata jāgrata prāpya varānnibodhata |
kśurasya dhārā niśitā duratyayā durgaṃ pathastatkavayo vadanti || 14 ||

Arise, awake; having reached the great, learn; the edge of a razor is sharp and impassable; that path, the wise say, is hard to go by. 


My summary: Wake up, are you pursuing only external objects? Are you leading a meaningless life? Are you wishing permanence in impermanent? Turn your attention inwards and watch the subtle movement of thought. Are you reactive all the time? Is there any discernment i.e. questioning of beliefs? Be alert and watch.

Image source: karunagyoga.in