Monday, January 31, 2011

Blessings

There are a lot of things we take for granted. Usually, the things that are going well never attract any attention from us. It is the trivial niggle that occupies 90% of our thinking time, and causes much stress. Like much in life, what is is just the opposite of what should be.

I tried today to count my blessings - and boy! are they bountiful? I have the most wonderful wife in the world - she is the reason for my happiness, the one that I would trust my life with. My daughter's toothless smile can melt away the most cynical thought in my mind and make me light hearted in an instant. My parents' love gives me the courage to follow my convictions. I live in a country that throws up immense opportunities for new ventures. My true friends don't really care about the size of my car or the favours I can bestow. My education allows me to read and understand books that broaden my horizons.

I read today about a billionaire who has sold off his mansion and his limousines, and now lives in hotels and gives away his wealth in charity. The guy has no family to leave his money to. Thinking about this gentleman, I felt as if I was so much better off than he.

In the end, the core of my happiness consists of very few material pleasures and a lot of non-material pleasures. By worrying about the former, I run the risk of missing out on the latter, and turning into an ungrateful being. I hope I can re-capture the emotion of this post whenever I fret and fume about trivialities!

Saturday, January 29, 2011

Return of the King

Alert: This may be very boring for all those who are not die-hard fans of Lord of the Rings

Thanks to the imdb link here, I came upon a treasure trove of dialogues from LOTR: ROTK. Some memorable ones:

Witch King: [taking Eowyn by the throat] You fool. No man can kill me. Die now.
[Merry stabs the Witch King from behind; the Witch King shrieks and falls to his knees. Eowyn rises and pulls off her helm, her hair falls down over her shoulder]
Eowyn: I am no man.
[she thrusts her sword into the Witch King's helm and twists; he shrieks and implodes]

Theoden: Eomer. Take your Èored down the left flank. Gamling, follow the King's banner down the center. Grimbold, take your company right, after you pass the wall. Forth, and fear no darkness! Arise! Arise, Riders of Theoden! Spears shall be shaken, shields shall be splintered! A sword day... a red day... ere the sun rises!
Eowyn: [to Merry] What ever happens, stay with me. I'll look after you.
[the King rides past his men, hitting their spears with his sword as he goes]
Theoden: Ride now!... Ride now!... Ride! Ride to ruin and the world's ending!
[He stops and faces Sauron's army]
Theoden: Death!
Rohirrim: [echoing] Death!
Theoden: Death!
Rohirrim: [echoing] Death!
Theoden: DEATH!
Eowyn, Merry: Death!
Theoden: Forth, Eorlingas!

Gimli: Never thought I'd die fighting side by side with an Elf.
Legolas: What about side by side with a friend?
Gimli: Aye. I could do that.

Pippin: I didn't think it would end this way.
Gandalf: End? No, the journey doesn't end here. Death is just another path... One that we all must take. The grey rain-curtain of this world rolls back, and all turns to silver glass... And then you see it.
Pippin: What? Gandalf?... See what?
Gandalf: White shores... and beyond, a far green country under a swift sunrise.
Pippin: [smiling] Well, that isn't so bad.
Gandalf: [softly] No... No it isn't.

[Frodo drinks the last drops of water from Sam's waterskin]
Frodo: There'll be none left for the return journey.
Sam: I don't think there will be a return journey, Mr. Frodo.

King of the Dead: The dead do not suffer the living to pass.
Aragorn: You will suffer me.

Arwen: From the ashes, a fire shall be woken. A light from the shadow shall spring. Renewed shall be blade that was broken. The crownless again shall be king.

Gollum: They cursed us. Murderer they called us. They cursed us, and drove us away. And we wept, Precious, we wept to be so alone. And we only wish to catch fish so juicy sweet. And we forgot the taste of bread... the sound of trees... the softness of the wind. We even forgot our own name. My Precious.

Elrond: You're outnumbered, Aragorn. You need more men.
Aragorn: There are none.
Elrond: There are those who dwell in the mountain.
Aragorn: Murderers. Traitors. You would call upon them to fight? They believe in nothing. They answer to no one.
Elrond: They will answer to the king of Gondor.
[pulls out Anduril]
Elrond: Anduril, Flame of the West, forged from the shards of Narsil.
Aragorn: Sauron will not have forgotten the sword of Elendil. The blade that was broken shall return to Minas Tirith.
Elrond: The man who can wield the power of this sword can summon to him an army more deadly than any that walks this earth. Put aside the ranger. Become who you were born to be. Take the Dimholt Road.
Elrond: [pause]
[in Elvish]
Elrond: I give hope to men.
Aragorn: [in Elvish] I keep none for myself.

And the best:
Gimli: Certainty of death. Small chance of success. What are we waiting for?

Wednesday, January 26, 2011

Trending or cyclical

Not having posted anything for the last 4 weeks, I feel a little weird! There is a good reason for this, however, that is fodder for another post.

As often happens whenever I'm struggling with my thoughts for an extended period of time, I tend to get philosophical. One random thought that I'm currently grappling with is this: is the trajectory of life always trending, or is it cyclical? Does the good keep getting better, or are there violent swings? Looking around at my immediate circle of acquaintances, I tend to think that there is a definite pattern to individuals' trajectories in career, family life, luck etc. However, the observation period is too short (perhaps 5-6 years) to truly suggest acyclic behaviour.

When I read biographical accounts of peoples' lives, which of course is spread over at least 30-40 years, there seems to be an element of cyclical patterns. Good times are followed by bad, and vice versa. However, I'm not sure about this sample set as well, since the ones who have biographies published after them are more likely than not great successes in some aspect of their lives, and tend to dramatize the swings in their past lives.

So at the end of this little thoroughly unscientific thought experiment, we are left with no conclusions. Perhaps it boils down to belief - context and situation make any given statement true, as well as untrue. However, there is a certain harmony in believing that things go in cycles - great scientists have postulated (and proved) that all matter is made up of waves. A wave, by definition, is cyclical - it ebbs and flows. Why should life be any different?

On a totally different note, and for no particular reason, I am reminded of Aragorn in Tolkien's Lord of the Rings "A day may come when the courage of men fails, when we forsake our friends and break all bonds of fellowship. But it is not this day. An hour of wolves and shattered shields when the age of Men comes crashing down! But it is not this day! This day we fight!"

Saturday, December 25, 2010

Out with the old, in with the new

This year seems to be ending with quite a whimper - no mega song and dance, and no grand celebrations, no mega resolutions for the future. While such a sweeping generalization is probably incorrect by definition, it does seem that this is true for me, most of my buddies, the stock market, the political system, the country and the world in general! Considering that its not just the year which is ending, but also the decade, this seems doubly surprising.

The reasons for this are probably many - personal realizations, political instability, economic consolidation and mostly uncertainty about the future. In my opinion, such times are perfect for new beginnings. When one is not drowned in the hubris of a great yesterday nor drunk with the possibilities of tomorrow. Grand plans, sweeping changes, hairy goals - this is the season for renewal.

As a wise man once said: Arise, awake and stop not till the goal is reached!

So here's to all of us becoming better, wiser, happier, healthier in the New Year. Wish everyone a fantastic 2011! and a marvellous decade ahead!!

Monday, December 20, 2010

Getting better...

...with time! Our portfolio is getting to better its outperformance of the Nifty index with time (as it should!!)

Will post the next update 6 months later.

Wednesday, December 15, 2010

Mighty impressed with the Ombudsman

I have generally been happy with my banking relationship with ICICI Bank. They have a good internet banking system, and for years I have not had to go to the branch (and thank God! for that - the only time I went to the branch, it was chaotic, with hordes of people being served indifferently by rude bankers).

However, recently I came upon a mysterious debit in my bank account. The amount involved was not very large, around INR 6K, yet it merited some attention since it was totally unexplained. I therefore called up the call center, and found out that this was collection for a credit card. When I asked whose card it was, I was told that it was MY card!! I of course, know that I dont have any such card, so I probed deeper. I was told the card was issued in 2001!!! and that the last transaction had also been in that year!!

This was galling because of 2 things: 1) how can anyone debit my savings bank account without my authorization? forget the merits or demerits of this particular card, my bank account cannot be debited without my permission. 2) this credit card was issued 10 years ago - how was i to know if there was some 'insurance charge' or annual charge put on it at that time, and at the 36% rates that credit cards charge, had now become 6k. Theoretically, they could let it run for 100 years and present my grandkids with a bill for billions of rupees!!

I protested to the bank via various fora - the complaint mechanism, writing to the branch manager, calling up the call center etc etc. I got no satisfactory response. I then complained to the RBI Ombudsman online (it is a very simple process) and forgot all about the issue (of course I cut off all ties with ICICI Bank also).

Today, about 2 months later, I got a sudden call from ICICI Bank, saying that this was in regards to my complaint to the Ombudsman - they would reverse the debit, and clear all the outstanding on the card. So I am mighty pleased :-) and impressed!!

This is how IT and process streamlining is making life better for Indian citizens! Long live the IT revolution! Long live consumer protection!! Down with ICICI Bank - they probably do this to many people, and refund the few that bother to complain - I myself just happened to complain in a fit of pique - I would have not bothered a couple of hours later.

Thursday, December 09, 2010

Look Ma, it works!

For those who like to track this sort of thing, time to look at the portfolio we had created way back in August. We have had a roaring bull market in October and a vicious bear in November. Today was particularly a carnage that happened ostensibly without reason. In short, the markets have been true to form - unpredictable in the short term.

No mean achievement, therefore, that the portfolio is now outperforming the index :-) With annualized returns of 23%, we are beating the Nifty by about 1.5%. We are not calling it a victory just yet though - we shall continue to measure and report!


Too Big to Fail

I think I'm done with reading books about the financial crises of 2008. Too Big To Fail, by New York Times reporter Andrew Ross Sorkin, is a mega journalistic narrative that captures, blow by blow, the conversations, thoughts and actions that happened in the US Government, Federal Reserve, markets and Wall Street investment banks in the three months that financial armageddon hit the world. I finished the book late last night, and came away reasonably impressed.

On the whole, it is an interesting and very commendable piece of work, but not in the same class as, for example, Barbarians at the Gate. The insights that the book offers are many - the Goldman Sachs nexus within the US Government, the filial loyalties that Wall Streeters have to their firms, and the heroic efforts of Henry Paulson, Tim Geithner and Ben Bernanke to do something, anything to stave off the crisis.

Turns out that most of the measures taken by these gents only exacerbated the sorry state of affairs in the markets. But one cannot really fault these gents, who were really solving very very messy crises each single day.

At the end, one cannot help but feel a bit sorry for Lehman Brothers, Dick Fuld and its team of executives, who did nothing that everyone else did not do, but were singled out for punishment. Many say that this was because personal animosity between Fuld and Goldman Sachs, and circumstantial evidence certainly points in that direction.

What I liked about the book was the little back stories of the key players - Dick 'Gorilla' Fuld, Jamie Dimon, the real hero of the crisis, Gary Fleming et. cetera. The key lesson for me was that tough times dont last, tough guys do!!

Wednesday, November 24, 2010

White Nights

I have not seen Sanjay Leela Bhansali's Saawariya, and nor do I intend to see it. However, a couple of reviews of his most recent movie, Guzaarish, mentioned the earlier movie, so I thought of checking out the plot. This led me to Dostoveysky's 'White Nights', and I realized with great joy that I had earlier read this story, loved it, and had forgotten both the name of the story as well as the author (for some reason I thought the author had been Kafka!). Anyhow, glad to get back in touch with this fantastic story.

Plot below (thanks to Wikipedia):

Like many of Dostoevsky's stories, "White Nights" is told in first person by a nameless narrator who lives alone in a city and suffers from loneliness and the inability to stop thinking. The character is an archetype of a perpetual dreamer. He lives his life in his own mind, imagining that an old man he always passes but never talks to or houses are his friends. The short story is divided into six sections:

First Night

The story opens with a quotation by Ivan Turgenev

"And was it his destined part
Only one moment in his life
To be close to your heart?
Or was he fated from the start
to live for just one fleeting instant,
within the purlieus of your heart."

The narrator describes his experience walking in the streets of St. Petersburg. He loves the city at night time during which he feels comfortable in the city. He no longer feels comfortable during the day because all the people he was used to seeing were not there. He drew his emotions from there. If they were happy, he was happy. If they were despondent, he was despondent. He felt alone when seeing new faces. The main character also knew the houses. As he strolled down the streets they would talk to him and tell him how they were being renovated or painted a new color or being torn down. The main character lives alone in a small apartment in Saint Petersburg with only his older, non-social maid Matrona to keep him company.

He tells the story of his relationship with a young girl called Nastenka (a diminutive of the name Anastasia). He first sees her standing against a railing while crying. He becomes concerned and considers asking what's wrong but eventually steels himself to continue walking. There is something special about her and he is very curious. When he hears her scream, he intervenes and saves her from a man who is harassing her.

The main character feels timid and begins shaking while she holds his arm. He explains that he is alone, that he has never known a woman, so he is timid. Nastenka reassures him that ladies like timidity and she likes it, too. He tells her how he spends every minute of every day dreaming about a girl that would just say two words to him, who will not repulse him or ridicule him as he approached. He explains how he thinks of talking to a random girl timidly, respectfully, passionately; telling her that he is dying in solitude and how he has no chance of making a mark on any girl. He tells her that it is a girl's duty not to rudely reject or mock one as timid and luckless as he is.

As they reach Nastenka's door, the main character asks if he will ever see her again. Before she can answer, he adds that he will be at the spot they met tomorrow anyway just so he can relive this one happy moment in his lonely life. She agrees, stating she can't forbid him not to come and she has to be there anyway. The girl would tell him her story and be with him, provided that it does not lead into romance. She too is as lonely as the narrator.

Second Night

On their second meeting, Nastenka introduces herself to him and the two become friends by relating to each other. She exclaims that she has been thinking and knows nothing of him. He responds that he has no history because he has spent his life utterly alone. When she presses him to continue on the matter, the term "dreamer" pops up as the main character explains that he is of that archetype. The main character defines " 'The dreamer' - if you want an exact definition - is not a human being, but a creature of an intermediate sort."

In a precursor to a similar speech in Notes from Underground, the narrator gives a verbose speech about his longing for companionship leading Nastenka to comment, "...you talk as if you were reading from a book".

He begins to tell his story in third person as he call himself "the hero." This "hero" is happy the hour when all work ends and people walk about. He references Vasily Zhukovsky as he mentions "The Goddess of Fancy". He dreams of everything in this time; from befriending poets to having a place in the winter with a girl by his side. He states that the dreariness of everyday life kills people while he can make his life as he wishes it to be at any time in his dreams.

At the end of his moving speech, Nastenka sympathetically assures him that she would be his friend.

Nastenka's Story

The third part is Nastenka relating her life story to the narrator. She lived with her strict grandmother who gave her a largely sheltered upbringing. Her grandmother's pension being too small, they rent out their house to gain income. When their early lodger dies, he's replaced by a younger man closer to Nastenka's age much to her grandmother's distaste. The young man begins a silent courtship with Nastenka giving her a book often so that she may develop a reading habit. She takes a liking to the novels of Sir Walter Scott and Aleksandr Pushkinas a result. One day, the young man invites her and her grandmother to the theater running The Barber of Seville.

Upon the night that the young lodger is about to leave Petersburg for Moscow, Nastenka escapes her grandmother and urges him to marry her. He refuses immediate marriage, stating that he does not have money to support them but he assures her that he would return for her exactly a year later. Nastenka finishes her story at the end of this, noting that a year has gone and he hasn't sent her a single letter.

Third Night

The narrator gradually realizes that despite his assurance that their friendship would remain platonic, he has inevitably fallen in love with her. But he nevertheless helps her by writing and posting a letter to her lover and hides away his feelings for her. They await his reply for the letter or his appearance; but, gradually, Nastenka grows restless at his absence. She takes comfort in the narrator's friendship. Unaware of the depth of his feelings for her, she states that "I love you so, because you haven't fallen in love with me." The narrator, despairing due to the unrequited nature of his love for her, notes that he has now begun to feel alienated from her as well.

Fourth Night

Nastenka despairs at the absence of her lover and his reply even though she knows that he's in St. Petersburg. The narrator continues to comfort her to which she's extremely grateful, leading the narrator to break his resolve and confess his love for her. Nastenka is disoriented at first, and the narrator, realizing that they can no longer continue to be friends in the manner that they did before, insists on never seeing her again; however, she urges him to stay. They take a walk where Nastenka states that maybe their relationship might become romantic some day, but she obviously wants his friendship in her life. The narrator becomes hopeful at this prospect when during their walk, they pass by a young man who stops and calls after them. He turns out to be Nastenka's lover into whose arms she jumps. She returns briefly to kiss the narrator but journeys into the night with her love leaving him alone and broken hearted.

Morning

"My nights came to an end with a morning. The weather was dreadful. It was pouring, and the rain kept beating dismally against my windowpanes".

The final section is a brief afterword that relates a letter which Nastenka sends him apologizing for hurting him and insisting that she would always be thankful for his companionship. She also mentions that she would be married within a week and hoped that he would come. The narrator breaks into tears upon reading the letter. Matryona, his maid, interrupts his thoughts by telling him she's finished cleaning the cobwebs. The narrator notes that though he'd never considered Matryona to be an old woman, she looked far older to him then than she ever did before, and briefly wonders if his own future is to be without companionship and love. He however refuses to despair.

"But that I should feel any resentment against you, Nastenka! That I should cast a dark shadow over your bright, serene happiness! ...That I should crush a single one of those delicate blooms which you will wear in your dark hair when you walk up the aisle to the altar with him! Oh no — never, never! May your sky be always clear, may your dear smile be always bright and happy, and may you be for ever blessed for that moment of bliss and happiness which you gave to another lonely and grateful heart ... Good Lord, only a moment of bliss? Isn't such a moment sufficient for the whole of a man's life?"

Tuesday, November 23, 2010

Let's measure!

On Aug 27, I had posted this, with ideas for 5 potential trades. I thought it would be good to take stock of how these trades would have done given that it has been a quarter since the ideas. Here is a table outlining the performance of these hypothetical trades.



Approximately 21% annualized returns. Not a spectacular performance, but then not bad either! Just buying the index would have given approximately a 9% return over the same period, but this portfolio is designed to be perform even when the index does not. So in theory, it should outperform over a longer time frame. I will keep tracking it and reporting results to see how the damn thing goes.

Analyzing each of the 5 trades, I think the only place I went significantly wrong was in the oil marketing companies. However, current under performance is primarily due to rising crude prices, which in turn is due to a weak USD. I remain confident that the pack should recover with continuing weakness in the global economy.

The (very reasonable) assumption here is that one would have put an equal amount of money to work on each leg of a trade (e.g. if one has Rs 100 in total for this portfolio, then I would buy / short a stock worth Rs 20. For a paired trade, I would buy for Rs 10 and short for Rs 10). CMP as on date includes dividends paid between 27 Aug and today.

Friday, November 19, 2010

Augean stables getting cleaned? What a stink...

Looks like this is the come-to-Jesus moment for Indian politicians.

The Supreme Court of India has rightly asked why the supposedly clean Prime Minister was dawdling when A Raja was brazenly stealing the country's wealth in broad daylight. The government is in a bind, the Maharashtra CM is gone over stealing war widows homes, and the CWG culprit also is out of the Congress party's charmed circles. In Karnataka, the BJP CM is trying to brazen out the fact that 4 of his relatives were alloted plots in prime areas for a song. This is par for the course, and the fellow has to explain himself NOT because he should be flogged and jailed for corruption, but because this has come to light at a time when the BJP wants to embarrass the government on corruption charges. Meanwhile, an independent think-tank says that fully 50% of India's GDP is made up of black money, which pays no taxes and is illegal!

All this action is great for our polity. However, it is by no means enough. It all started gaining momentum because Sonia Gandhi got moving on the Adarsh society scam. (Aside: Much as I am against dynastic politics, I believe that Rahul Gandhi and his mom are India's best bets for probity in public life at this point in time). This is great, but we need to institutionalize comeuppance in our system. A corrupt person should be caught by a truly independent investigative agency, something like the Central Election Commission (the CBI? Ha Ha Ha - this is probably the most docile and conveniently blind of lapdogs in the world), be tried by courts which do not take 20 years to deliver their judgements, and be meted out swift punishment.

All this can be done, though it is by no means simple to do. But then, greatness for a country does not come on a platter - it has to be won through hard work and bloody-mindedness.

Wednesday, November 10, 2010

There's something about them...

Watching Michelle Obama dance very gracefully to a Koli song along with tiny schoolchildren while Barack nodded enthusiastically in tune with the music, the wife made an astute remark. There is something about both of them! An elusive something that captures dignity, grace and honesty.

I agree totally! The couple go on eco-friendly holidays, are fit and athletic, undeniably intelligent, super powerful, and yet seem down to earth and likable (sic: of course I have never met them myself so can only rely on portrayals in the mass media).

More power to the Obamas! I hope the dude overcomes his mid term electoral drubbing and wins a second term for himself. He, and his wife are shining role models in an increasingly cynical and bleak world.

Monday, November 08, 2010

Goa!

The wife, kid and I spent a few indolent days in Goa recently. We stayed very close to the Cansaulim beach, and I for one was quite impressed. Nice, spotlessly clean beach, no crowds, clean water and white sands!

Add pina colada (nice), Corona beer (nicer) and Margaritas (nicest) to the mix, and we are talking serious hedonism! However, the most fun was had by the daughter - she made sure that her dad got a lot of exercise to wear off the alcohol (carrying her about) and that her mom did not suffer from too much of sleep (feeding her on demand). She had a blast in the pool, and made zillions of friends, on the airplane, in restaurants or where we stayed.

We did not venture out much (in fact, not at all) but did enjoy some good Goan cuisine. Alas, crabs were out (sigh!). However, we did get compensation in the form of a rainbow!




Tuesday, November 02, 2010

New York, New York

First, a confession - I am a confirmed Indophile. Despite having had many opportunities to work and live abroad in the short span that has been my working life, I always chose to stay back in India. And insularity had nothing to do with it - I have travelled quite a bit - all over Europe, South East Asia, Australia and Africa.

Now that that is out of the way, I come to the main point - I think New York is truly the greatest city in the world. Apart from day trips once or twice each year, I have experienced NY for exactly a week. And what a week! The wife and I lived in style at the Ritz, practically overlooking Ms. Liberty and in shouting distance from the Bull of Wall Street. We had many drink-sozzled nights with our IIM buddies in the Village(?? - I was too drunk to be geographically astute) and we partook of some wholesome junk at various restaurants across the city. The sheer infectiousness, the rhythm, the joie-de-vivre of the city totally took us in.

I think the eureka moment came when we were on our way back to our hotel, and the taxi driver started speaking in Pakistani urdu on his cell-phone, describing some nocturnal activities that he had been upto / would like to be upto (a conversation which would have made my ears turn red, had they not been already numb with generous helpings of alcohol) to his buddy, and the wife and I exchanged suppressed giggles, that I got it. New York is a melting pot, a city that gives you the freedom of anonymity in exchange for your enriching its already super-rich cultural milieu. When someone attacks New York, they attack all the nations of the world. They attack humanity.

New York rocks!

Weird rules spoil the game

More often than not, we as a country prefer to have a plethora of rules. Exemptions, special situations and sub clauses are the norm. We truly have spaghetti - like laws (and I don't mean that they are yummy!), income tax rules, excise duties and what not.

A prime example of this is the Coal India IPO. If one had applied for shares worth Rs 100,000 (the maximum amount under the 'Retail' category), one would have got shares worth approximately Rs 46,000. However, if one had applied for shares worth Rs 100,001, one would have got shares worth Rs. 5,000! Rules such as this, while meant to protect the elusive 'small investor' just make it mandatory for people to game the system and apply all sorts of means (like applying as a retail guy even though I'm actually a HNI through other peoples' names or 'renting' demat accounts for hot IPOs) to maximize economic benefits. Rupenben Panchal and her ilk proliferate in such a system. Such systems are always regressive, and it is high time we realized that we are all homo-economicus i.e. we respond to incentives.

We need to make rules simple and easy to understand. No one should be able to say - I need to pay mega$$$ tax since I made mega $$$ profits. However, applying sub-clause xii-b under section VII part ix of 1960 Companies Law as applicable in 21c Excise and Exports Amendment 1984, I can declare myself insolvent. Hence no tax.

Saturday, October 30, 2010

HOMP

The wife and I have a new addiction, if one could call it that. Every night, at 10:30 pm, after putting the little one to sleep, we sit down in front of the idiot box and catch Highway on My Plate on NDTV Imagine.

Rocky and Mayur, the co-hosts of the show, are delightfully quirky and keep cracking one liners and pulling each others' legs. (e.g. of a typical throwaway line: If God did not want us to eat animals, he would not have made them of meat!) The food on display invariably looks yummy, and typically is described very alluringly, and the wife and I have a tough time trying to control our hunger pangs. The icing on the cake is that the dudes travel to exotic places which more often than not, are very scenic. For example, the last 3 shows that we have seen have been set in a remote tea stall in Leh while a blizzard rages outside, Kumarakom, with delightful views of Lake Vembanad from atop a ferry, and breakfast of toast and kahwa overlooking snow clad peaks near Srinagar.

After watching today's episode describing chettinad crabs, I'm salivating and waiting to dig into some crab next week in Goa!!

The court should ask Manmohan Singh this question...

From a news article (emphasis mine) - good questions all. The real question however is - why did the PMO allow this to happen? And why are they not doing anything about it till date? I'm confident the CBI probe will not yield anything till at least 2014, when it will be time for a new election.

The Supreme Court on Friday slammed CBI for its "slipshod" investigations into the 2G spectrum allocation scam, in which the alleged role of Telecom Minister A Raja has come under the scanner, saying "the same minister is still continuing today".

"You (CBI) have not done anything. The matter is serious. The same minister is still continuing today. Is that the way the government functions?

Do you follow the same standards in respect of everyone? One year has (already) gone by," a bench comprising Justices G S Singhvi and A K Ganguly said. The remarks of the bench came as soon as Additional Solicitor General (ASG) Haren Raval began responding to the submissions made by the counsel for an NGO which has brought the issue before the apex court.

The ASG said the enormity, complexity and volume of the documents involved in the issue required some more time to complete the investigation. "We have so many phone calls to examine," Raval said.

However, his submission was cut short by the Bench which said "it's only slipshod. You are dragging your feet". Raval then resumed his submission and said the complex nature of the issue was the reason the investigations into the scam has taken some time. He said that to maintain continuity, the investigation is being carried out in right earnest and senior officials of competence are conducting the investigations into all aspects of the matter.

At this point, the bench shot back "will it take another 10 years?"

A Case of Exploding Mangoes

After quite a while, I read a book which made me stay up late in order to finish it. It had been lying around the house for quite some time, bought by the wife who never got around to reading it (and perhaps for good reason too! - but more on this later)

The novel tells the (probably fictionalised - but you never know!) and utterly gripping account of the tales surrounding the death of General Zia ul Haq, Pakistan's military dictator of the 70s. Full of black humour, the writing is very terse and takes time to build up tempo and atmosphere, culminating in a page-turner of a climax. It is a very male oriented story with bald recitals of great brutality and oppression, which makes me think the wife would not have liked it a bit. However the treatment is not unlike Catch 22 or some of the other great books. Definitely an author I would want to read again.

General Zia comes across as a bit of a buffoon, which all dictators probably are, and the ISI comes across as a loose weapon, which again is probably true. The Americans come across as double faced snitches, which they definitely are. There is a hilarious (and disturbing) chapter in the book about a certain bearded gentleman named OBL 'of Bin Laden Constructions' trying to hobnob socially with the CIA and Afghan mujahideen.

So finally, who killed General Zia? Was it a krait's poison? A son's revenge? His own colleagues from the army? Poison gas? Or a crow? Or all of them?

Saturday, October 09, 2010

They don't make 'em like the old times anymore

On a super short and totally unnecessary trip to the US, which involved a total of 32 hours of flying time (and 10 hours of transit time) in a total period of 94 hours, I have seen 7 movies so far. I’m typing this on the aircraft, trying to relieve my mental inertia, and I have 5 more hours of flying time to go. I may watch some more. The list so far includes Iron Man 2, Shrek Forever After, Wall Street (the old one), Robin Hood (the new one), Badmash Company, The Untouchables and Clash of the Titans.

Most of these movies are just a pile of junk. Iron Man 2 is so juvenile that its funny. Robin Hood (and I had great expectations from Russel Crowe) is no Gladiator – it is just dull and dreary. Irony - the merry men are somber and depressed. Badmash Company is puerile and Shrek is just repetitive and boring. The less said about Clash of the Titans the better – it is a shoddy attempt to make a Lord of the Rings type movie – it just falls flat. The only two worthwhile movies are the golden oldies. Wall Street, which I’ve seen umpteen times but which still captivates with its voyeuristic glimpses into the world of glamour and serious money, though the events in the movie seem quaint now in this age of derivatives and algorithmic trading. The pick of the lot is certainly Brian De Palma’s The Untouchables. It tells the story of the capture of Al Capone. It also tells me why America is a great nation, and will remain the foremost nation in our generation, never mind recessions, double-dips or Sarah Palin. Power packed with Kevin Costner, Sean Connery, Robert De Niro and Andy Garcia (the pick of the lot, I thought), it depicts the power of the individual over the system. I cannot see such a thing happening in India (nor any other country).

I wonder why new movies are just not in the same league as the old classics. Is it because we have moved away from the dramatic core, powerful scripts and simple ideas into animated wizardry? The top grosser of all time – Avatar – was so bereft of any emotional core that I was left wondering if I really saw the original. Give me Casablanca any day!

Now for number eight – perhaps Juno for the 2nd time? Or Rocket Singh?

Tuesday, September 21, 2010

An eventful week

Last Monday, just before heading out to another week of work, I had remarked to my wife that this would be a killer week, and that if I came out smiling at the end of it, I would be surprised. This proved to be quite prophetic. But not quite in ways that I could have foreseen.

On Wednesday, I was supposed to fly down to Bangalore for a day. It so happened that I felt a bit (make that quite!) unwell on Tuesday, and following excellent advice from the better half, did the uncharacteristic - I went to the doctor. Once there, the fun and games began - turned out that I had acute febrile fever of north of 103F. I was immediately put on some kind of drip, packed up with medicines, and asked to get all kinds of blood tests done. Done and dusted, I had dengue fever!

The next 8 days were extremely painful, with fever yo-yoing between 100F and 103F, general weakness and an inability to do anything. The worst thing was that I had a very bitter taste on my tongue, and eating was a big pain. Not to mention the liters of blood that I had to get pricked out of me for the very frequent platelet and other tests. Even currently, I'm not recovered fully. I do not have any visibility on how and when I'm going to get better, and I'm sick to the gills with the illness.

So the week was quite bad. I've probably blown away any chances of a decent bonus this year end, have been snapping needlessly at my immensely patient and loving parents and wife, and been a general good-for-nothing.

The only silver lining from this entire bad affair has been a refocusing of priority into what is truly important and what is all chaff. I have realized that there are many things wrong with me mentally, and that I need to lighten up and loosen out a bit. Fundamental life changes are coming around!!