You dont have to spend a fortune to get an MBA (I mean, not the tag, but the knowledge).
All you have to do is visit Josh Kaufman's http://personalmba.com/ site.
Nice site!
Monday, April 17, 2006
Friday, April 14, 2006
Kaavya Viswanathan
An interview
http://www.bookpage.com/0604bp/kavya_viswanathan.html
Wow that IBACD IndianBornAmericanConfusedDesi Girl is intelligent!
http://www.bookpage.com/0604bp/kavya_viswanathan.html
Wow that IBACD IndianBornAmericanConfusedDesi Girl is intelligent!
Violence and IT life in Bangalore
It was sad and unfortunate on the sudden demise of Dr. Rajkumar Anna at Bangalore.
The miscreants went amock looting Tamil owned shops, and setting fire.... very sad indeed. The loss of 5 lives, and that of a policeman was unwanted. May their soul rest in peace.
It was good to see, all the companies declaring holidays and CM taking extra steps.
None of my friends were affected. Few of my friends who were to take trains on Thursday, just dropped their plans and stayed put. Myself, supposed to be there for the weekend getaway with family, cancelled the flight tix.
The miscreants went amock looting Tamil owned shops, and setting fire.... very sad indeed. The loss of 5 lives, and that of a policeman was unwanted. May their soul rest in peace.
It was good to see, all the companies declaring holidays and CM taking extra steps.
None of my friends were affected. Few of my friends who were to take trains on Thursday, just dropped their plans and stayed put. Myself, supposed to be there for the weekend getaway with family, cancelled the flight tix.
Thursday, April 13, 2006
Automatic money vault!
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Stock Market Crashes again!
Today is another Blackday! 600 points on the Sensex, have been eroded and the investors have lost more than 75000 crores in last two days!
The FII's have made enough on the market and they are moving out elsewhere (Vietnam may be).
The petrol cost uncertainty, has trigerred this problem!
Funny thing, yesterday a person from HDFC bank calls me to make investment, rightaway saying that this is the time to buy! When I ased him to guarantee my capital, he was shocked!
I can predict market will tank another 2% to 10900, before stabilising! 12000 by July is the bet!
The FII's have made enough on the market and they are moving out elsewhere (Vietnam may be).
The petrol cost uncertainty, has trigerred this problem!
Funny thing, yesterday a person from HDFC bank calls me to make investment, rightaway saying that this is the time to buy! When I ased him to guarantee my capital, he was shocked!
I can predict market will tank another 2% to 10900, before stabilising! 12000 by July is the bet!
Tuesday, April 11, 2006
DC Machines cups (1987)
An anecdote - from PSG Tech BE EEE 1986-90 batch.
I call this DC Machines cups (1987)
There was this Lecturer (Senior guy) called Swamy, who was keen on University Senate politics than teaching us in 1987 (III Sem). Out of possible 17 classes, he taught us for 5, and gave a mini quiz on 6th and thats it. Never turned up at classes, and based on the feedback from Seniors, we kept mum, and never told anyone in the Mgmt. Happy with the free class and the World Cup. The evaluation system is marked based ( Internal - 25, Part A - 37.5., B - 37.5), out of which a part is evaluated outside (IIT, BITS or RECs). So all were confident, in the class of 52, that with 62.5 marks in his hands, everyone gets a sure pass @ 50 based on whatever you write .. er... scribble, which was the case with seniors.... the day of reckoning came, and we saw only 9 passed, and rest fluncked at miserable scores. We call that CUP in college lingo, down south. For most, coming from the best of the best schools, with limited engineering seats at PSG comparable to IITs, this was a nightmare, and first of its kind. On seeing this huge flunks, the HOD and the Senior staff and college management, came down to talk to us, and no one, except me asked them why this was not known to them for years. The answer was funny, but I want to keep it for myself!
I call this DC Machines cups (1987)
There was this Lecturer (Senior guy) called Swamy, who was keen on University Senate politics than teaching us in 1987 (III Sem). Out of possible 17 classes, he taught us for 5, and gave a mini quiz on 6th and thats it. Never turned up at classes, and based on the feedback from Seniors, we kept mum, and never told anyone in the Mgmt. Happy with the free class and the World Cup. The evaluation system is marked based ( Internal - 25, Part A - 37.5., B - 37.5), out of which a part is evaluated outside (IIT, BITS or RECs). So all were confident, in the class of 52, that with 62.5 marks in his hands, everyone gets a sure pass @ 50 based on whatever you write .. er... scribble, which was the case with seniors.... the day of reckoning came, and we saw only 9 passed, and rest fluncked at miserable scores. We call that CUP in college lingo, down south. For most, coming from the best of the best schools, with limited engineering seats at PSG comparable to IITs, this was a nightmare, and first of its kind. On seeing this huge flunks, the HOD and the Senior staff and college management, came down to talk to us, and no one, except me asked them why this was not known to them for years. The answer was funny, but I want to keep it for myself!
Wednesday, April 05, 2006
Who pays for new fund expenses?
For the Indian Mutual Funds NFO, they are having a money making funtime. A recent NFO garnered 2700 crore rupees, and imagine, 85 crores were paid as marketing fee for their own subsidiary, for doing nothing!
They are having a ball of time, like paying part of the 6% - upto 3% to their own marketing subsidiary! (Reliance is the only exception - a very good fund, next comes Sahara).
SEBI regulations allow a fund house to spend up to 6 per cent of the amount collected during a new fund offer on initial issue expenses and charge this to fund.
Earlier, funds charged the entire initial issue expenses to the starting NAV, when the fund re-opened for subscription.
As the entire issue expenses were lopped off from the first NAV, a new fund would usually open below par (if the stock market hadn't risen sharply in the meantime).
But over the past couple of years, fund houses have moved to a practice where initial issue expenses are "amortised", or spread out equally over a five-year period.
This prevents a new fund's opening NAV from taking a knock, instead phasing out the impact of issue expenses on the NAV over its first five years.
They are having a ball of time, like paying part of the 6% - upto 3% to their own marketing subsidiary! (Reliance is the only exception - a very good fund, next comes Sahara).
SEBI regulations allow a fund house to spend up to 6 per cent of the amount collected during a new fund offer on initial issue expenses and charge this to fund.
Earlier, funds charged the entire initial issue expenses to the starting NAV, when the fund re-opened for subscription.
As the entire issue expenses were lopped off from the first NAV, a new fund would usually open below par (if the stock market hadn't risen sharply in the meantime).
But over the past couple of years, fund houses have moved to a practice where initial issue expenses are "amortised", or spread out equally over a five-year period.
This prevents a new fund's opening NAV from taking a knock, instead phasing out the impact of issue expenses on the NAV over its first five years.
Wednesday, March 29, 2006
Tamilnadu Assembly Elections May 2006
This year, the Tamilnadu Assembly Elections to be conducted on May 8, 2006 seems to be a keen contest all over. We may not see this fervour of Dravidian parties, again ever!
The ruling AIADMK party (seat sharing with MDMK), is pitted against a formidable alliance of the DMK, minus MDMK. This is 34.65% against 57% vote bank, based on the last election in 2004. There is always 10 to 12.5% people in the undecided category, voting for the anti-incumbency!
Now DMDK - the party founded by Vijaykant and AIFB (original) headed by Karthik and BJP, plus JP, Pudhiya Thamilagam, along with other sundry parties, including the Agriculturists Party, might make a great impact and might even win! (130 out of 234, with a 33% vote bank)
All parties are trying to make the best, well educated, mannered and the best possible winnable candidates presented to people. All are willing to work for the people, giving away their efforts and hard earned cash!
Now it takes a whopping effort for the people, for all, to go out and vote and make their right choice.
Looking for ward for the results on May 13th, 2006. Stars are indicating that Vijaykant is the next Chief Minister of Tamilnadu, if he aligns with the BJP, JP, AIFB, Pudhiya Thamilagam and other parties - working on a co-alition government...
The ruling AIADMK party (seat sharing with MDMK), is pitted against a formidable alliance of the DMK, minus MDMK. This is 34.65% against 57% vote bank, based on the last election in 2004. There is always 10 to 12.5% people in the undecided category, voting for the anti-incumbency!
Now DMDK - the party founded by Vijaykant and AIFB (original) headed by Karthik and BJP, plus JP, Pudhiya Thamilagam, along with other sundry parties, including the Agriculturists Party, might make a great impact and might even win! (130 out of 234, with a 33% vote bank)
All parties are trying to make the best, well educated, mannered and the best possible winnable candidates presented to people. All are willing to work for the people, giving away their efforts and hard earned cash!
Now it takes a whopping effort for the people, for all, to go out and vote and make their right choice.
Looking for ward for the results on May 13th, 2006. Stars are indicating that Vijaykant is the next Chief Minister of Tamilnadu, if he aligns with the BJP, JP, AIFB, Pudhiya Thamilagam and other parties - working on a co-alition government...
Thursday, March 23, 2006
Mahendra Singh Dhoni and Reliance ADAG
As a shareholder in RelCom, I am appalled by the decision of the Chairman Anil, to appoint the short swansong Dhoni (after seeing the second innings knock at Mumbai, getting out recklessly)... I am worried about what would happen to my as well other public investments.
Earlier there was Adlabs, might click, not this blunder.
If I were the CEO of RelCom, I would cancel the contract with Dhoni.
Earlier there was Adlabs, might click, not this blunder.
If I were the CEO of RelCom, I would cancel the contract with Dhoni.
Monday, March 20, 2006
Chicken, Flu (H5N1) and Homeopathy Cure!
I was reading the latest Health Magazine (march 2006 issue) from Dr.Batra's clinic and saw the editorial insight of Dr.Mukesh Batra, about the chicken etc.
He feels that all lives are created to co-exist and we should not eat meat. But he missed out on eating usign animal secretions! (milk, scent of a cat, fur etc.., )
Definitely homeopathy have cured 1918 Spanish Flu epidemic which killed 5 million people, and this homeo treatment could be the solution. You have to contact any home doctor for the influenzium of T500C.
Now we see deaths in India based on H5N1 at Maharastra.
May be there is a conspiracy of the Tamiflu producers ( Rs 3000/- a shot/course) let loose this H5N1. Robin cook novel, can talk in detail.
You can buy Homeo #24 from the counter for fighting vigor against any flu. Better check with your physician. I dont guarantee!
He feels that all lives are created to co-exist and we should not eat meat. But he missed out on eating usign animal secretions! (milk, scent of a cat, fur etc.., )
Definitely homeopathy have cured 1918 Spanish Flu epidemic which killed 5 million people, and this homeo treatment could be the solution. You have to contact any home doctor for the influenzium of T500C.
Now we see deaths in India based on H5N1 at Maharastra.
May be there is a conspiracy of the Tamiflu producers ( Rs 3000/- a shot/course) let loose this H5N1. Robin cook novel, can talk in detail.
You can buy Homeo #24 from the counter for fighting vigor against any flu. Better check with your physician. I dont guarantee!
Tuesday, March 14, 2006
Sabeer Bhatia and the BlogEverywhere.com
That seems to be a novel from Sabeer Bhatia. Sounds like a funda tool. I am not sure about the data surfing privacy that would offer.
I am also running around to VCs, to get funding for a new idea. Mobile voice to blog post. Two modes, complete confidential (intranet style) or password access. Then there is the regular access.
I am also running around to VCs, to get funding for a new idea. Mobile voice to blog post. Two modes, complete confidential (intranet style) or password access. Then there is the regular access.
Shock Victory for South Africa in One Day Cricket
Against Australia, South Africa has a memorable Gibbsed in a ODI recently on March 12, 2006.
Chasing 434/4 by Australia in 50 overs, they made 438/9, with a ball to spare on the flattest pitch at the Wanderers stadium. Alas, in Chennai, where I am living, due to the CAS (set top box ), we couldnt watch it, except on Star News for the final, nail biting over. The government should scrap the CAS or give it free. Now it costs rs 2919, plus taxes amounting to 3500 rs, and there is a monthly compusolry package of 230 to 299 rs. Now we pay flat at 100 rs only, even though it is expected to be at rs 72 only, rs 28 gets pocketed! No bills issued.
Mr.Ponting is stupid for not having shared the Man of the Match! Share the glory man!
Still they are celebrating!
Chasing 434/4 by Australia in 50 overs, they made 438/9, with a ball to spare on the flattest pitch at the Wanderers stadium. Alas, in Chennai, where I am living, due to the CAS (set top box ), we couldnt watch it, except on Star News for the final, nail biting over. The government should scrap the CAS or give it free. Now it costs rs 2919, plus taxes amounting to 3500 rs, and there is a monthly compusolry package of 230 to 299 rs. Now we pay flat at 100 rs only, even though it is expected to be at rs 72 only, rs 28 gets pocketed! No bills issued.
Mr.Ponting is stupid for not having shared the Man of the Match! Share the glory man!
Still they are celebrating!
How to make Rs 100000 a month not working?
Here it goes again!
Tons of internet advertisemetns, on varioud proper websites like Hindu, ValueresearchOnline etc, are pumping these advertisements. Funny!
How to make Rs 100000 a month not working? Can anybody guess?
Tons of internet advertisemetns, on varioud proper websites like Hindu, ValueresearchOnline etc, are pumping these advertisements. Funny!
How to make Rs 100000 a month not working? Can anybody guess?
A GLASS OF MILK
A Glass of Milk
One day, a poor boy who was selling goods from door to door to pay his way through school, found he had only one thin dime left, and he was hungry.He decided he would ask for a meal at the next house. However, he lost his nerve when a lovely young woman opened the door.Instead of a meal he asked for a drink of water. She thought he looked hungry so brought him a large glass of milk. He drank it slowly,and then asked, How much do I owe you? You don't owe me anything, she replied. "Mother has taught us never to accept pay for a kindness." He said..... "Then I thank you from my heart."As Howard Kelly left that house, he not only felt stronger physically, but his faith in God and man was strong also. He had been ready to give up and quit.Many year's later that same young woman became critically ill.The local doctors were baffled! They finally sent her to the big city, where they called in specialists to study her rare disease. Dr. Howard Kelly was called in for the consultation. When he heard the name of the town she came from, a strange light filled his eyes.Immediately he rose and went down the hall of the hospital to her room. Dressed in his doctor's gown he went in to see her. He recognized her at once. He went back to the consultation room determined to do his bestto save her life. From that day he gave special attention to her case. After a long struggle, the battle was won.Dr. Kelly requested the business office to pass the final bill to him for approval. He looked at it, then wrote something on the edge, and the bill was sent to her room. She feared to open it, for she was sure itwould take the rest of her life to pay for it all. Finally she looked, and something caught her attention on the side of the bill. She read these words....."Paid in full with one glass of milk" (Signed) Dr. HowardKelly. Tears of joy flooded her eyes as her happy heart prayed: "Thank You, God, that Your love has spread broad through human hearts and hands."There's a saying which goes something like this: Bread cast on the waters, comes back to you. The good deed you do today may benefit you or someone you love at the least expected time. If you never see the deed again at least you will have made the world a better place - And, after all, isn't that what life is all about?
One day, a poor boy who was selling goods from door to door to pay his way through school, found he had only one thin dime left, and he was hungry.He decided he would ask for a meal at the next house. However, he lost his nerve when a lovely young woman opened the door.Instead of a meal he asked for a drink of water. She thought he looked hungry so brought him a large glass of milk. He drank it slowly,and then asked, How much do I owe you? You don't owe me anything, she replied. "Mother has taught us never to accept pay for a kindness." He said..... "Then I thank you from my heart."As Howard Kelly left that house, he not only felt stronger physically, but his faith in God and man was strong also. He had been ready to give up and quit.Many year's later that same young woman became critically ill.The local doctors were baffled! They finally sent her to the big city, where they called in specialists to study her rare disease. Dr. Howard Kelly was called in for the consultation. When he heard the name of the town she came from, a strange light filled his eyes.Immediately he rose and went down the hall of the hospital to her room. Dressed in his doctor's gown he went in to see her. He recognized her at once. He went back to the consultation room determined to do his bestto save her life. From that day he gave special attention to her case. After a long struggle, the battle was won.Dr. Kelly requested the business office to pass the final bill to him for approval. He looked at it, then wrote something on the edge, and the bill was sent to her room. She feared to open it, for she was sure itwould take the rest of her life to pay for it all. Finally she looked, and something caught her attention on the side of the bill. She read these words....."Paid in full with one glass of milk" (Signed) Dr. HowardKelly. Tears of joy flooded her eyes as her happy heart prayed: "Thank You, God, that Your love has spread broad through human hearts and hands."There's a saying which goes something like this: Bread cast on the waters, comes back to you. The good deed you do today may benefit you or someone you love at the least expected time. If you never see the deed again at least you will have made the world a better place - And, after all, isn't that what life is all about?
Monday, March 13, 2006
India won against England at Mohali
It was a nice win for India with 9 wickets to spare on the last day at Mohali. About 180 overs were lost due to rain, still the match was over, when there was time left for anotehr 30 more.
Hats off to Kumle for his 500th wicket. He is a league of his own. Excellent. It was nice to see him groomign Piyush Chawla on debut. Harbhajan might have lost a bit, nevertheless, his support was crucial.
Sehwag, as usual, did well to come back well with a 76 not out. I think this is his second fifty plus score in the second innings, the first one being a century at New Zealand.
The team is same for the Mumbai test starting on March 18th, and I expect that the dust bowl would return, and the same team being fielded.
It was nice to see that the guy from bet365.com shown the doors, as it is illegal to bet in India!
Hats off to Kumle for his 500th wicket. He is a league of his own. Excellent. It was nice to see him groomign Piyush Chawla on debut. Harbhajan might have lost a bit, nevertheless, his support was crucial.
Sehwag, as usual, did well to come back well with a 76 not out. I think this is his second fifty plus score in the second innings, the first one being a century at New Zealand.
The team is same for the Mumbai test starting on March 18th, and I expect that the dust bowl would return, and the same team being fielded.
It was nice to see that the guy from bet365.com shown the doors, as it is illegal to bet in India!
Saturday, March 11, 2006
The gap between rich and poor - NRN Murthy
The gap between rich and poor countries has doubled in the past 40 years. ... There are 1.2 billion people in this world who live in extreme poverty, on income of less than $1 per day. About one billion people lack access to safe drinking water. ... Can we be catalysts in wiping the tears off the eyes of the poorest of the poor? Can the chime bring solace not just to the chosen few on this country but to a forlorn child in the remote lands of Africa? ... How can we address the myriad problems that cripple the development of mankind as a whole?'
Nagawara Ramarao Narayana Murthy like his divine wife Sudha Murthy does strongly believe in giving. Giving speeches, that is.
Nagawara Ramarao Narayana Murthy like his divine wife Sudha Murthy does strongly believe in giving. Giving speeches, that is.
Friday, March 10, 2006
The World's Top Ten Billionaires
The World's Top Ten Billionaires
#
Name
Net worth in $ billion
1
Bill Gates
50
2
Warren Buffet
42
3
Carlos Slim Helu
30
4
Ingvar Kamprad
28
5
Lakshmi Mittal
23.5
6
Paul Allen
22
7
Bernard Arnault
21.5
8
Prince Alwaleed Bin Talal Alsaud
20
9
Kenneth Thomson & family
19.6
10
Li Ka-shing
18.8
#
Name
Net worth in $ billion
1
Bill Gates
50
2
Warren Buffet
42
3
Carlos Slim Helu
30
4
Ingvar Kamprad
28
5
Lakshmi Mittal
23.5
6
Paul Allen
22
7
Bernard Arnault
21.5
8
Prince Alwaleed Bin Talal Alsaud
20
9
Kenneth Thomson & family
19.6
10
Li Ka-shing
18.8
Wednesday, March 08, 2006
Fabmall is the best site for Online shopping
Fabmall.com is the best site for Online shopping. Value for money.
Monday, March 06, 2006
Indiatimes - Cheaters on Online Shopping
This episode is a warning for the online shoppers...
I regularly look for deals online and order VCDs for my family.
I recently had very bad experience on the online store of Indiatimes group. http://store.indiatimes.com
Lots of cheating goes on in terms of what is offered and what is given.
(1) I had ordered Hanuman VCD, and I was to get Popeye VCD and Spiderman VCD free. It is not given.
(2) Also to my anguish I see that the cost of Mitr My friend VCD on price tag MRP is rs 199/- only, whereas I have been billed rs 299/-. This amounts to cheating, Sec 420 under IPC.
I have also written about this to Raj Sardesai of CNN IBN, as they have exposed so many things on the CNN IBN channel and I hope they would run a small story, not considering this as trivial.
I regularly look for deals online and order VCDs for my family.
I recently had very bad experience on the online store of Indiatimes group. http://store.indiatimes.com
Lots of cheating goes on in terms of what is offered and what is given.
(1) I had ordered Hanuman VCD, and I was to get Popeye VCD and Spiderman VCD free. It is not given.
(2) Also to my anguish I see that the cost of Mitr My friend VCD on price tag MRP is rs 199/- only, whereas I have been billed rs 299/-. This amounts to cheating, Sec 420 under IPC.
I have also written about this to Raj Sardesai of CNN IBN, as they have exposed so many things on the CNN IBN channel and I hope they would run a small story, not considering this as trivial.
Friday, March 03, 2006
About starting a software co. with Rs 10,000/-
I keep reading about Infosys and Polaris, starting as a software co. with Rs 10,000/- as initial capital.
Just a few paise worth my thoughts, as I have run my own co. too.... for 9 months and blew Rs. 70 lakhs in all, having about 20 employees in a very comfortable office. In the last part, I couldnt afford running my own paid website, so switched to the one hosted by Tripod.
You would need at least 25 lakhs to run a co. in today terms, to establish and pay rent and develop something and market for 6 months, on the meagre side. I did few trips abroad and spent few lakhs more apart from spending few lakhs on meeting VC's in India.
On indexing the above amount (even if other founders have worked for free!) it would have costed Infosys atleast 2 lakhs (conservative) those days of 1981... For that matter for Polaris it would have costed about 10 lakhs (very conservative) in 1993.
My friend, who is aged 70 and a famous old writer says, you need to contact the right powerful people in the right time, willing to take risk in your name. (benami's)
Just a few paise worth my thoughts, as I have run my own co. too.... for 9 months and blew Rs. 70 lakhs in all, having about 20 employees in a very comfortable office. In the last part, I couldnt afford running my own paid website, so switched to the one hosted by Tripod.
You would need at least 25 lakhs to run a co. in today terms, to establish and pay rent and develop something and market for 6 months, on the meagre side. I did few trips abroad and spent few lakhs more apart from spending few lakhs on meeting VC's in India.
On indexing the above amount (even if other founders have worked for free!) it would have costed Infosys atleast 2 lakhs (conservative) those days of 1981... For that matter for Polaris it would have costed about 10 lakhs (very conservative) in 1993.
My friend, who is aged 70 and a famous old writer says, you need to contact the right powerful people in the right time, willing to take risk in your name. (benami's)
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