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Showing posts from July, 2011

US Debt Crisis

Following piece published in HT, perfectly summarizes the crisis - The US debt crisis is like a rich man who owns homes, yachts and gold but is suddenly finding it diffcult to pay off the installment on a plane he bought. Politics, however, keeps him from using his other assets to handle these payments.

Too Big To Fail

We were given a copy of the book "Too Big To Fail" during our NISM training. I started reading this book for past few days. Well, to be honest, its a very lengthy book. Typically the book follows a pattern, where the situation is given, then comes a character, and then his complete history is explained and finally the incident is completed. Usual text of the book is - Mr. X knew the situation was difficult for his company with the kind risk it had taken. He picked the phone to call his old colleague from ABC(this is usually Goldman Sachs), Mr. Y, who now led DEF as CEO. (Now comes Y's history) Y was born in blah blah. His father was blah blah, in fact his grand father was a trader at blah blah. When he passed out of school he joined a firm XYZ. Then we went to Harvard Business School (If he didnt, then he would be hating people who went to HBS). (Now there will be discussion about he reached the post of CEO amidst strong candidates int eh company).

Incident

I am not sure how many people would be able to really feel the humour involve in this situation but when it happened we felt as if it was a scene from FRIENDS. Today Aditya, Viraj and I met at our usual place - Marine Drive Katta. While discussing various subjects, we came to a topic about who is mature among us. Viraj and I thought that Aditya was the most mature guy among us, but somehow Aditya was not convinced. He thought we were making fun of him. While walking back towards the bus stop, Viraj saw an umbrella in Aditya's hands and commentet, "बघ, पावसाळ्याचे दिवस आहेत, पण आपल्यात तूच एकटा आहेस जो छत्री आणण्याइतका mature आहे". Aditya started laughing after hearing this. It was my umbrella :)

Books Read Recently

This was typed 3 weeks ago, forgot to post it :) I am blogging this post using the limited facilities available at our training facility at Hirandani. Let me restart my blogging by first talking about the books I read recently. After reading "Fooled By Randomness", I read 2 pretty boring books - "The Bed of Procrustes" and "Dork". The first one was about aphorims and latter one about a fictional story of an MBA grad who works at a consulting firm. Then I read one of the masterpiece of crime novels, "The Godfather". I dont think I have to say much about this great book, this will be up there in my all time favourite books. Once I read "The Godfather", I don't what came to my mind, but I wanted to read "Shriman Yogi". Probably it was one of the discussions I had with one of my ICICI colleague regarding Marathi Books. Initially, I thought I might get it from some library, but then thought that may be it is a book about the