Saina Nehwal - A true sportstar

Saina Nehwal is one of the best sporting talents that India has produced. At the age of just 19, Saina has achieved great things in her chosen sport and has truly arrived at the Big league in international badminton. Saina is not another superficial creation of the media. Indian media is famous for over-hyping and haloing any sportsperson who is worthy of 2 minutes of prime time television. Take for example, Sania Mirza. Sania is undoubtedly the best ever female tennis player from India. But when it comes to the world stage, she is at best an average performer who seldom indulges in giant killing. But our media would make us believe that on her good day Sania can beat even Venus Williams. Well, she definitely can’t – unless Williams is playing left handed and is not wearing shoes.

Things are quite the opposite when it comes to Sania’s namesake – Saina. Few people in India would’ve heard this girl’s name. Maybe she is not sexy enough for prime time television and newspaper front pages. But she is certainly the brightest star in Indian sport (non cricket) at the moment. Away from the media glare, Saina’s career has shown a steady rise ever since she won the national badminton championship 2 years back. Saina has regularly beaten the top 10 players and has been consistent in the big tournaments. Her current world ranking of No. 7 would underline that this girl is truly a world class achiever.

One wishes that this real achiever gets the attention and recognition that she deseves. Saina, in all likelihood, will continue to bring great laurels to India and make us all very proud in the years to come.

Global Warming

I was watching a documentary called “The 11th Hour” on HBO yesterday. It was a powerful document on Global Warming. Although many of us are aware of global warming and its effects at a superficial level, most of us do not realize the extent and the imminence of the danger facing our planet and the human race. Man’s scientific and technological advancement over the past century has almost irreparably damaged a beautiful ecosystem that was built over millions of years by Mother Nature. We have destroyed oceans and forests beyond recognition. Our chemicals have changed the basic composition of most of the soil in the world. Our wasteful consumption of resources is leaving less and less for other species to survive on. In fact, over 50,000 species are getting extinct from this planet every year. Human beings can be blamed for much of this. If things continue unaltered, there is a real danger that the quality of general human life will be irreparably damaged within our lifetime.

One must watch this documentary to learn some astonishing facts about the ruthless and mindless destruction caused by humans to this planet. The documentary tries to explore the core reasons behind such actions by the human race, which is after all, supposed to be the most intelligent and sensitive creature. However, we are also a race that is infested with greed and short-sightedness. Corporate money and corrupt governments have ensured that short term financial profits prevail over the long term survival and quality of life of the human race. But then, aren’t the men running corporations and governments not aware of global warming? Aren’t they aware of the mess they are creating? Aren’t they worried about the future of their grandchildren? Of course they are. But they are unable to make the connect between their actions and its impact on nature. But hey, these guys are well educated and highly intelligent. Then why is it that they refuse to accept the obvious and act appropriately? It all seems a bit illogical, isn’t it? The answer lies in the way we live Life today.

From the Bushmen of the Kalahari and the tribes of the Rainforests to the bourgeois of urban India and high street Manhattan, the way man lives and sees life is immensely different. Urbanization has caused man to move further and further away from nature and into an artificial ecosystem. It’s a system which has all material comforts and ‘protects’ man from nature’s harshness. Automobiles, air-conditioners, fertilizers, pesticides, deodorants, polythene, mobile phones, all of these make the world a ‘better place to live’. We have become so enamoured with our own inventions and creative ability that we seem to think that we are no more dependent on nature. We think that human technology will provide all the security and happiness than a man needs. All the material comfort around us have numbed us so much that we refuse to see how dependent we still are on nature. Somewhere down the line we have stopped respecting or loving all other creatures in this world. If we move outside the cities and move to the village and to the jungle, people still retain some sense and understand the connect between man and nature. Junglemen and villagers still worship nature and respect other creatures. But cities are where the money is and the power is. In today’s typical metropolis, one cannot afford the space for a garden. One cannot see the stars in the sky owing to pollution. One does not hear birds chirp. One does not see milk being extracted from cows. Perhaps the only way a city resident is connected to nature is through National Geographic channel! One would have heard of the term “out of sight, out of mind”. This is exactly what is happening to us. We have lost touch with nature because we don’t see it in action in our day to day lives. We don’t love or respect other creatures any more since we don’t see their contribution to our survival. We continue to waste electricity and burn petrol, the only concern being the electricity or petrol bill, rather than worrying about the melting polar caps or rising levels of asthma and cancer.

Social awareness is the most essential weapon needed in the arsenal to begin an effective assault against global warming. But we don’t have enough time for a ‘bottom up’ approach to work. We need socially conscious leaders who can give a push from the top. I sincerely hope that Barack Obama is one such leader. America has to lead the way in fighting against global warming. And countries like China and India cannot afford to sit on the sidelines claiming to be poor nations. Inaction will prove much more costly. Concerted government regulation is the only way to move forward. One has to accept the fact that Corporate Responsibility is an oxymoron.

Seven years of Obama’s reign could be a watershed moment in the fight against global warming. And as individual men and women who are from a well educated background, we too have our moral responsibilities. We can start with becoming aware of the nature around us. Let us swithch off the TVs and the laptops and start enjoying the sunrise, the full moon, the twinkling stars, the cool trees and the chirping birds. Lets go out to the mountains and woods on the weekend rather than to the multiplex or to the disc. The more we fall in love with nature, we would subconsciously be more responsible towards nature. When that happens, the first battle would’ve been won and we would’ve conscripted ourselves into the army fighting against global warming.

If you think I sound exaggerated and that there is no need for alarm, then please download and watch “The 11^th Hour”.

Trip to Wayanad with some old friends

It was like a dream come true. Twelve college mates getting together after almost 5 years. For two days, we all went back to our engineering hostel days and lived life as if we were 5 years younger. It was wonderful…

 

The coordination for the trip happened through a number of calls mainly anchored by Mr. Pandian. By the way, Mr. Pandian is our dear friend, who happens to be the only person to be in regular touch with all the twelve guys throughout. Among his various ‘talents’, Pandian is also very mature and responsible and we all owe it to him for making this trip possible. As part of planning for the trip, we had a number of conference calls. And these calls were great fun- imagine 10 old friends getting into a conference call and people trying to pull each others’ leg. Before I get into the details of the trip, I should not forget to thank Mr. Janakiraman, who was brave enough to put in his own money to book the train tickets for all of us. Knowing Janaki’s nature, we were all genuinely surprised that he would trust us all and actually put in his money. This didn’t stop us from pulling his leg throughout the trip.

 

The trip was to be in the 2^nd weekend of December. For my room mates and myself, the 

adventure started even before the trip began. We had to rush to the railway station praying to God and we managed to catch the train with about 5 minutes to spare and huffing for breath. Some of us took a couple of minutes to recognize each other. Four years is a long time, and a few of us had changed considerably in appearance. I cannot describe the feeling, but I felt very very good and very young when I suddenly met so many old friends – many of them after a gap of four years. The entire train journey was a lot of fun, but maybe not so much for our poor co-passengers who had to contend with a lot of boisterous noise and crass language.

 

We reached Calicut at around 4 am the next day. It was pretty cold. We caught a bus to Kalpetta (a place in Wayanad district), which was to be our base for the next 2 days. We checked in to the hotel at around 7 am, freshened up and made plans to go mountain trekking. We had a brief taste of mallu food and tea during breakfast and made our way towards Chembra peak. We reached the base at 11 am and were told that it will take 6 hours to scale the peak and come back. Knowing the fitness levels within the group, we didn’t have much hopes of scaling the peak, but nevertheless, we started on our way in high spirits. The scenery was breathtaking even at the base, which was a tea estate. The group was fully equipped with digicams, which didn’t help in speeding up the ascent. Two people stood apart in the group due to the quintessential mobile phone being a permanent attachment to their ears. Mr. Prabhu was talking to his fiancée, which is understandable. Mr. Shiv Narayanan was apparently talking to his company sales team which was handling a product launch. But it was a little strange that there were reports of Mr. Shiv using terms like yes babe, miss you, dating, etc while taking to his sales team. Anyway, moving on from scandals, lets get back to the climb.

 

Excited as we were, we knew that not all of us will be making it till the end. The first casualties were Prabhu and Shiv, who stopped about 1 km from the start. There was speculation from some quarters that they stopped because beyond that point, the mobile phone signal coverage was inadequate. Well, I am not someone who likes to make fun of people, but it did give Prabhu the chance to catch his breath and explain to his fiancée how he was braving the conditions and continuing to climb steep cliffs. I am sure she would’ve been impressed. After some time, Shiv took the tough decision to stand up and continue the climb. Its another matter that his mobile ran out of charge at that point.

 

Midway through the climb, we reached the Heartin lake. It was a small lake- more the size of a pond - in a beautiful heart shape. We took a refreshing break and had an extended photo session in the lake surroundings. From thereon, the climb was quite steep and challenging. The higher we went, the more breathtaking the view was. It was a 5 km climb and I think the group went up till about 4 km. It was difficult, with people having to help out and manage with the slow movers. I, along with Vijay and Janaki took the liberty to leave the group and go another half kilometer further upward and we were rewarded with some truly breathtaking vantage points.

 

We returned to the base by around 4 pm. We learnt that in our absence, our immobile Prabhu was taken for a lifeless rock by a group of insensitive girls who refused to recognize that he was a living creature while making their way through the path. After consoling our distraught friend, we planned for the rest of the day. we were very exhausted and given a choice, I would’ve gone straight to the hotel and crashed. But as it happened, we next proceeded towards Soochipara waterfalls. We reached the waterfall with about an hour of sunlight remaining. It was my first time at a waterfall and I took the opportunity to take a bath. It was thrilling, what with the slippery stones making it a real adventure to cover even 50 meters towards the waterfall. We thoroughly enjoyed – not only the force of the water, but also the scene created by a group of mischievous girls. As we made our way back to the Jeep, I was at the point of extreme exhaustion. We went back to the hotel and I checked my weight to find that I had lost 1.3 Kg of body weight from morning to evening. It was an indication of extreme fluid loss. We took the cue and went into the hotel bar. A bit of brandy and a heavy dose of mallu non-veg food refreshed our bodies before taking to the bed.

 

The next day, we checked out of the hotel and left for Kuruva Island after breakfast. The island had a fairly dense cover of trees and had several streams of water running across. It was a water trek, in which we had to cross the streams, where the water levels varied from knee deep to hip deep (although some would say it was waist deep, its really their problem that their underwear got wet…). The scenery was really cool – and it consisted of more than just Mother Nature.

 

We went back to Kalpetta for lunch and after another heavy round of non-veg attack, we left for Calicut to catch our train. We did some last minute shopping for home and caught the train. The group was much more sober during the return journey, partly because we were exhausted. We browsed the photos that were taken and reminisced the two days of unbelievable fun we had. Morning arrived, Chennai came and we departed on our own ways, back to the life we had been living. The trip was over, but it helped form some of the golden memories in my life. 

Future of Cricket

When we talk about football today, most people will think of the English Premier League or the UEFA Champions League. If you ask someone which is his favourite team, most likely he will say Manchester United or Real Madrid or some other European club name. Football today is synonymous with club football. International matches are once in 4 year rituals like the FIFA world cup or the Euro Cup. Of course there are international friendlies and Olympic qualifiers that happen once n a while. But even in these matches, one rarely sees top international players, since they are occupied with more important club commitments. For football fans, its all about club allegiances. Many an Englishman will adore Portugal’s Christiano Ronaldo, but will loathe a Steven Gerrard who plays for a rival club. Club allegiance/rivalry is much more prominent today rather than nationalistic patriotism which is put on display once every 4 years.

 

For us cricket fans, thankfully the situation is quite different. Or is it?

Well, most of us Indians still identify our favourite team with the colour Blue. And most Australians cheer for the Baggy Green. We all love to watch Hayden vs Zaheer, Bhajji vs Symonds or Yuvraj vs Shoaib encounters on the field. But one wonders for how long. The IPL today is a 6 week annual tournament. Come year 2015. Imagine that the IPL is held over 40 weeks with 15 teams across India. Imagine similar leagues being played in England, Australia, Sharjah and South Africa. To add to this, we will have the so called Champions League, in which top teams from these elite clubs will compete to decide who is the best in the world. Of course, we will still have the World Cup and maybe even the Champions Trophy. After all, they are a once in 4 year commitment and it will give cricketers a chance to play for their country and realize their dream.

 

If you think that the situation I’ve described above is far fetched, then think again. Almost every decision in this world is taken based on economic logic. Every cricket board worth its salt, will take that course of action which is most profitable to itself. Over the past 2 years, it has become clear that 20-20 cricket is the most marketable form of cricket. Clearly it is the future. And the great Lalit Modi has proved that profits can be maximized by adopting the private club franchisee route. The IPL model is already a grand success with all involved making money and the audience is also apparently overjoyed. TV advertisement rates are the highest for T-20 than for any other format. Stadium tickets are equal to, if not higher than ODI matches, even for IPL (which is technically club cricket). Many IPL franchisees have made profits in the first year itself and all teams are expected to make profits from the 3^rd year onwards. Above all, the BCCI’s coffers are overflowing. All this, just from a 6 week tournament making its debut.

 

It is only a matter of time before people forget the Ashes, Border-Gavaskar and India-Pakistan series and instead talk about Chennai Super Kings Vs Bangalore Royal Challengers and Delhi Daredevils vs Mumbai Indians. Cricket as we know today will not exist 10 years down the line. Our children will know and follow cricket the way football is followed today. Is there a way to prevent this? I wish there was..

Obamania

Like so many others around the world, I am at awe with Barack Obama. Not least by his oratorical skills. This man is amazing. He’s gifted in his speech, his intelligence, his courage and of course his charisma. I haven’t watched much of Nelson Mandela, Mahatma Gandhi or Winston Churchill tapes. But Barack Obama could be remembered as one of the modern political greats and compared with these yesteryear greats in the years to come. The funny thing is, Obama has only just won the election. He has only just entered the stage, but the applause from the crowd would seem to suggest that the play has reached the climax. At the risk of repeating what the media all over the world is saying, there is an ENORMOUS amount of hope pinned on Barack Obama. Looking at people’s expressions during his victory speech, one wonders how can so many people have so much hope from one man? And how can one man possibly meet the expectations of so many? He is not Jesus Christ. He is only a political leader of a less than perfect democracy. Yet, even Obama isn’t doing anything to play down the expectations. In his victory speech he only underscored these hopes. For the sake of the American people and for Obama himself, I hope he can meet a great deal of these expectations. But honestly speaking, I have no idea how he can do that. Meeting expectations in good times is difficult enough. But making people happy in these tough times… oh boy… Good Luck Mr. Obama!

What’s more interesting is that, perhaps for the first time, almost all nations of the world seem to be rejoicing an American president elect. Obama should partly thank George Bush for this international goodwill that he’s receiving. Well, after eight years of bull shit, the world would’ve been sure that things couldn’t get any worse in the White House.

The world in general needed an honest and intelligent leader in these turbulent times. Obama will be the right guy to create “win-win’ situations for everyone. From an Indian perspective, I think the Indo –US Nuke deal might suffer. This deal, at a higher level smells of American double standards and hypocrisy. Unlike some opinions, I believe the outsourcing industry will remain unscathed. Obama is smart enough to understand its economic logic. And economic logic always wins over politics.

Having seen the drama unfold over the last several months, I hope to see over the next 4 years, if one man can change America and the world for the better. I hope to see peace in Afghanistan and in the middle east. I hope to see an end to American political hypocrisy. I hope to see real economic and social prosperity. Am I audacious with my hope? Well, then so shall I!

Just before concluding, I was thinking who could be the best analogy for Obama. I could think of no one better than Rajnikanth. When all the chips are down and the world is at the mercy of the bad guys, all it takes to restore things is one man- Rajni, the Superstar. In the current scheme of things, people’s expectations from Obama is very similar to what the audience expects from Rajnikanth when he enters a scene. And Rajni never fails his fans!!

NM Memoirs

Another phase in my life is coming to an end. Two years at NMIMS, Mumbai, doing my MBA. Looking back now, it has been a happy two years. Of course there have been good and bad times. When I first came here, I was disappointed- with a lot of things. My college lacked in a lot of things. But it also gave us a lot, which one sees only when the college days come to an end.

I shall try to talk about my most pleasant and unpleasant moments here. My first year here was difficult. I was initially disappointed with the college and hostel infrastructure. I also had difficulty adjusting to the food and the climate. Also, the people were different. I was interacting with north Indians after a long time and it takes some time to adjust. Added to this, I fell sick quite often- probably not adjusting to the Roti & Dal diet after a long time. The most difficult aspect for me at NMIMS was interacting with North Indians. It sounds kind of silly, but after these 2 years, I strongly feel that I am much more comfortable with south Indians around me. Of course I’ve had a few good friends from Northern and Western India (not least my room mates). But, in general, I’ve found it much easier to build a rapport with South Indians. It probably because of the obvious difference in personality between north and south Indians. This difference is kind of accentuated in girls. That probably why I never was comfortable with girls at NM. The matters were made worse by the fact that there was not a single Chennai girl in my batch L.

When I look back, the most enjoyable times of my life have been the three years in Chilka, the final semester in engineering and the 2nd year at NM. Being in Mumbai and away from any relatives, I got introduced to some of the materialistic vices in life- and I don’t regret it at all. The 1st year freshers party, the nights in Asiad and Harish were really enjoyable. The daaru parties in hostel were rocking too! The freedom that I got after the repressive atmosphere in my engineering college was very refreshing. It helped me feel mature and grow up. Most important was probably meeting some good people who will be my friends for a long time..

The last two years have been a break from life- from responsibilities, work, routine, etc. I have cherished these years for that. So many new experiences, new lessons and new friends have made these years worthwhile. I have truly enjoyed these years. The experience of doing MBA from NMIMS is truly unique. It is different from any other b school in the country. The spirit of NMIMS is unique and special and I am proud of being a part of it.

Note: Most of this article was written during my last days at NM. Some part has been added more recently.

Savings and Investment- Part 1

Before starting with this post, let me warn you that I am not an expert in investments and I do not claim responsibility for any actions taken based on this post. This applies for all my blog posts!

This will be a two part post. In the first post, I will give some fundamental ‘gyan’ on savings and the characteristics of basic asset classes. In the second post, I will try to give an idea on how exactly to proceed with things on the ground.

Savings Account
All of us earn. And all of us spend. Most of us manage to save something at the end of the day, which we put into banks. But, is putting money into banks really saving? Technically speaking, it is not. All of us have savings accounts, which generally give an annual interest rate of 3-4%. The actual inflation rate in India today is around 10% (Don’t go by the govt’s WPI figure of 8%. CPI is the worldwide standard, which is not measured in India and is typically 1-2% above WPI). This means that the value of the money you hold in your pocket is decreasing by 10% every year. i.e., if Rs.100 can buy you 10 chocolates today, the same Rs.100 can buy you only 9 chocolates after 1 year. So you know that high inflation is a real killer of money value. Most of us get a salary raise every year. Let’s assume that on an average we get an annual raise of 15%. Let’s also assume that the long term (over a 20 year period) inflation rate (CPI) for India will be 7%. This means that, in effect your salary increases by approximately 8% year on year. That is a pretty decent number. But consider your savings. Let’s assume that you save 20% of your salary every year and leave it in your saving account. This amount will grow nominally by 3% every year. In real terms, you have actually lost approximately 4% of your savings. If your annual salary is Rs.5 lac, a devil called Inflation just ate Rs.4000 of your hard earned money. You would have been better off spending those Rs. 4000 on buying yourself some new clothes rather than see it vanish into thin air like this! So you now know that Savings Account is a bad guy and you should limit your association with him. But Savings Account is a necessary evil for all of us because he is the most liquid asset apart from cash in hand.

Fixed Deposit
Today banks give 8% on FD. Considering that inflation is 10%, this is a slightly better choice than a savings account. But the downside is, FD lacks in liquidity. Since your money is locked-in for a fixed period, you may not have access to your money when you need it.

Gold
Gold is the traditional inflation fighting tool. Over the years, the price of gold has managed to keep pace with inflation. If you want to protect your savings against inflation, then gold is one of the safest bets. But due to the emergence of bullion/commodity markets, gold prices are bound to fluctuate; but over the long term, gold inevitably keeps pace with inflation.

Equities
Now, lets come to the interesting part. The asset classes that we’ve discussed till now are conservative with little or no risk of loss in face value. But with no risk, comes no reward. Equities or stocks, are an exciting asset class which actually help your savings to grow. Investing in stocks is like giving your money to a businessman who will use it to build and grow his business. When he makes a profit, he gives you a share of it. As we know, at all times, there are businesses that make profits in the economy. Hence there is always money to be made by investing in stocks. But again, like gold, stocks are affected by traders and speculators. Hence their prices do not always reflect their true value and they are vulnerable to short term volatility driven by “market sentiment”. This implies that there is risk involved even when you invest in a good business/stock. Knowledgeable investors will always make money in the equity market if they stay invested for the long term. Trouble is-most of us are not knowledgeable investors. So it makes sense to take professional advice. Go to Mutual Funds and stick with a fund for the long term. You will be rewarded.

Real Estate
How can one ignore this asset class. Everyone dreams of owning a house. There are some of us, who are lucky enough to afford a second or third home. For people with such kind of surplus money, real estate is a good option to have. During times of economic boom, returns from real estate can be mouth watering. But there are many risks associated with real estate. Lack of liquidity is the biggest risk associated with owning property. But if you are smart with your decisions and not too aggressive, buying property with your surplus money is a good thing to do. But again, remember that you are not an expert real estate dealer; So be conservative with your choice and stay invested for the long term.


This brings us to the end of this part. In the next part, I will dwell a bit on some of the more sophisticated saving/investment instruments and also hopefully give some broad guidelines on managing your savings.