Sunday, February 24, 2008

The African Diaries - Prologue

I'm just back from East Africa after a 12 day trip which I managed to spend mostly in hotels and restaurants. I had intended to spend time in the bush but I couldn't find it. It might have been that the hostile natives were determined to keep its location a secret. Then again, The Rouge Bar in Kampala might not have been the right place to start looking. Either way, Africa kept that little secret with her. In its place, I made another discovery, no less momentous, that sequentially consuming 4 shots of a liqueur named Zappa will disconnect the motor nerves responsible for controlling one's legs. I realize I am speaking in riddles and that you, dear reader, are itching to clout me one on the cerebellum (but you don't know my address, ha ha ha) so without further ado, I shall pitch into my great epic.

Four score and seven years ago... oops, wrong speech .... a couple of weeks ago, some of us were having a working lunch and purely out of scientific motives, one of us ordered beer. My mates (I'll call them Tom and George) declared that Africa would be the next engine of growth for the world economy. One thing led to another and before I knew what was happening, I had signed up for a trip to Uganda and Ethiopia.

I had a personal problem. I had not cleared this with my immediate superior at home and I spent most of my time on the ride back thinking of plausible explanations. The I.S. (immediate superior) conceals, behind a petite appearance, a keen nose for funny business and is extremely un-Gandhian when I try to pull a fast one. So I decided to tell her the truth. "Sweetheart" I said "Africa is the engine for world growth". "You've been drinking beer", she diagnosed. "True, my angel" I replied, "but not germane to the issue"

She gave me the look and I suddenly found that truth had vanished from my lips. "Er, Tom and George have this really important assignment in Africa and are begging me to accompany them so that I may contribute my valuable insights."

You, dear reader, are a person of breeding and you do not want to know the contents of the speech that the I.S. delivered on this occasion. Suffice it to say that it lasted 15 minutes and melted a considerable amount of earwax. But the conclusion was "Do as you please" and I wasted no time in shinning up the attic for the old Samsonite.......

Friday, February 8, 2008

Frozen in Mumbai

I'm a great believer in intuition and personal insight. My intuition and personal insight is that the temperature in Mumbai is -27 degrees. I know, I know, the thermometer says 9.6 Celsius but I think it is a great imperialist plot to lull the Indian public into a false sense of security. Even as we speak, CIA agents are shooting large beams of infra red radiation to melt the snow. According to my neighbor Mr. Shah, the world is tilting rapidly and very soon, the north pole will be where Srinagar is now and Mumbai will have the climate of Oslo. Mr. Shah knows everything. He knows when the market will go up, when it will go down, how much money the Finance Minister is eating, who will be the next Miss Universe, how many feet the sea levels will rise when the ice caps melt, when this will happen, which buildings in Versova, Mumbai will be submerged, how much the Nano will actually cost when it is launched, the share holding pattern of the Reliance group. Everything, except the fact that Wendy, their Pomeranian, is making out with a brown mongrel on the street outside. I don't want to tell him that, he'll probably have a heart attack. I don't want him to go just now. He's going to tell me his theory of how Jesus Christ and Buddha are the same person. It is based on the fact that Mary Magdalene, Christ's disciple was a prostitute and Amrapali of Magadha, the Buddha's disciple, was a prostitute too, and that Magdalene means from Magadha and hence Christ and Buddha are the same person, which means that Christ was buried in Kashmir.

As you will doubtless agree, this winter has frozen some brains too.

Friday, February 1, 2008

Best B-School in the World

The other day there was this article in FT Business Standard about the 100 best B-schools in the world. Only one school from India made it to the list and that was The Indian School of Business (ISB), Hyderabad. To the great consternation of the IIMs A, B,C, L, K, and twenty one other alphabets, XLRI, FMS Delhi, SPJIMR and NSSFLMISMQG (Narendra Shenoy School For Losing Money in Stock Market Quickly and Gracefully - New school, but very good at what it specializes in).

Angry questions were asked about methodology, period of existence, how many of their graduates own Beemers, how many have shifted paradigms lately and so on. We thought we should shed some light on this fascinating and controversial topic, namely

What makes a B-school great?

To answer this question, we must ask another question. Why do people go to B-School? Any one? Yes you, who look like the before guy in a deo commercial, what do you think? To get a high paying job, did you say? Close, but no cigar, as Bill Clinton told the intern they had to hire after it was found that Lewinsky had stained her reputation. (Blot on her escutcheon, as one authority put it. But we digress.)

See people, the purpose behind going to a B-school is not to land a high paying job. It is to land a high paying job with no duties and responsibilities. Alas, there are not enough of these around, and the competition for them can be intense. One of the major factors that employers consider when making such preferments is which B-school you went to.

Now you might think that a job with no duties and no responsibilities would need no formal qualification but you would be making a mistake. Such a job carries the enormous challenge of having to look stressed out and busy while being blissfully unoccupied.

There are many techniques for doing this. One is meetings. A good B-school will teach you how to sleep without closing your eyes. Indeed, the best B-schools even teach their graduates how to sleep without pausing in speech.

All the while, you will be frowning intensely and saying things like "paradigm shift". Paradigms are things that are shifted when your company is going down the drain. No one knows how these things are shifted. Definitely not by hiring a moving firm. But you don't have to worry about these details. You just have to suggest that a few paradigms be shifted. Your Christmas Bonus is secured.

The other major criterion is how many of the B-school's alumni have landed such jobs. Cutting edge corporate theory is that a B-school alumnus will hire someone from his or her alma mater. No one knows why this is so. Speculation is that there is a deep-rooted primal fear in all MBAs that someday every one will know how ignorant they are. This is probably true. Though there are takers for the other theory namely that the average B-school grad does not have enough brain cells to remember TWO B-school names.

Anyway, the purpose behind this little lecture was just to orient your minds to this deep and fascinating field of research inasmuch as the relevant parameters of the global market economy and the sub-prime crisis do not impinge upon the five year moving average of the adjusted Dow Jones Index unless there are significant paradigm shifts in multilateral directions. Bullshit, did you say? We prefer to call it bovine digestive residue.

Wednesday, January 30, 2008

Sentiments and the Stock Market

As I write this, the Indian stock market is curing a lot of punters of their constipation by going up and down like a yo-yo. I'm watching the CNBC TV18 channel to find out what the wisest in the land prognosticate for the stock market. After all, it's money, honey.

Well, all that the nice lady with the lousy make-up is talking about is "sentiment". It is news to me that hardened capitalists like stock market traders can be sentimental, but apparently, that's what they are. I can almost imagine them sniffling and wiping away a tear as they contemplate the widow or orphan whose bread they have just snatched. Well they are very sentimental people. Sometimes, they send stock prices up, especially when they are sentimental and happy. At other times, they send stock prices down real fast, like now, when they are sentimental and scared. Hmmm.

I get the sneaky, but extremely heretical here in my office, feeling that the people on CNBC TV18 do not know anything about the market, which direction it is going, why it will do so, what clothes are in, why it is uncool to have 17 long strands of hair combed across a bald pate in a bid to appear unbald. Oh no, the CNBC TV 18 guys know everything. If only we could understand properly what they are trying to say, we would all be millionaires. This dude just told us that in his view, the stock market would oscillate in a band. What band would that be sir? A jazz band? The New York Philharmonic? The Naval Band? A rubber band?

And now, another bloke tells us to adopt a wait and watch policy. That was so deep. He must have really put hours of thought before he came up with that one.

I think I will apply to CNBC TV18 for a job. I am ugly. I have no dress sense. I am very good at talking without routing the content through the brain. I have an MBA, too. Am I overqualified?

Thursday, January 24, 2008

Why the stock market will go up again

As you know, the markets tragically crashed on Monday, despite CNBC TV18 saying that nothing of the sort was going to happen. Well, PC and Manmohan immediately invited me to Delhi for a briefing. They know I am a popular blogger, doing much to mould opinion in the cyberworld. (I don't want to sound like a braggart, but a recent survey indicated that twelve - yes twelve! - separate people actually read my blog).

As it happened, only PC met me because Yechury and Karat managed to corner Manmohan Singh outside his office as he was leaving and were beating him up for speaking to the US ambassador over the weekend, presumably about the Indo-US nuclear deal.

Me: Hello PC. What's happening to Manmohan?

PC: Thanks for coming at such short notice, Naren. Don't worry about Manmohan. He's used to it, plus the CPI(M) are really very decent people, they never hit you with sharp objects or cause much permanent damage. How are Sheela and the kids?

Me: They're fine. How's your son? Still profiteering at the stock market?

PC: Oh, nothing much, a few crores....

Me: Annually?

PC: Daily! What do you think he is, some kind of petty trader?

Me: Sorry, my bad. Well then, what did you want to speak to me about?

PC: As you know, the stock market crashed the other day, without anyone telling us a thing. We are on a mission to restore investor confidence in the market.

Me: But wasn't the stock market overheated? Several economists including Bimal Jalan, former RBI governor, have called it a bubble.

PC: Oh no, definitely not a bubble. It was a very stable exponential rise. These guys are very impulsive and short sighted. Don't think before they speak.

Me: Even Bimal Jalan?

PC: Especially Bimal Jalan! He thinks he understands economics better than us just because he happens to be an economist. Let me tell you, we have been having some wonderful indicators. Our per capita income is up 0.2 %. Corruption is down 0.2 % And the percentage of the population below the poverty line has dropped by, let me see (leafing through his papers) 0.2%. Plus we have a better human rights record than China, unless you count Gujarat.

Me: Why do you think the crash happened?

PC: It happened because of the US sub prime crisis, but it will pass.

Me: But hasn't that been brewing for months now? Why should that result in such a steep crash?

PC: Our little broker community, while tremendously able and competent, is a little slow on the uptake, especially if things are spoken in a Yankee accent. They thought the sub-prime crisis meant that the Al-Qaeda had captured a nuclear under-sea vessel.

Me: Which way do you think the market will go now?

PC: Oh, there's only one way for the market to go, and that's up!

Me: Because the fundamentals of the economy are still good?

PC: Yes. And also because the entire experience of the crash has raised the average investor IQ by just 0.2 %

Wednesday, January 16, 2008

In which I meet some movie stars



I can't say I have a great fascination for movie stars. Primarily it is a case of sourus grapus, a common medical condition which heightens one's awareness of the incompetence of others. Therefore my considered opinion is that, after fashion models, the president of India (and the vice president of course) and the guys who comment on the stock market, Hindi movie actors are the most useless bipeds in the world.

Thus, when Ajay Devgan, Arshad Warsi and Ayesha Takia walked into a Provogue store in Malad West, I was standing non-chalantly, leaning against a wall and making snide remarks that I had seen better looking personnel in airlines and restaurants while the wife and kids were busy swooning.

The crowd energy was simply awesome. They had to shut the store for a while till the stars were done and then whisked out through a side entrance.

After this, I have become a much sought after raconteur. People who, upon hearing me expound on interesting episodes in my life , begged me to write a book about it instead of telling them, now want to know every detail of the great encounter. Did he shake hands with you? Did she? Is she as sexy in person as she is on screen? Is Arshad Warsi witty? The answers are yes, yes, no and no idea. But you wont catch me saying it like that. Oh, no siree, I am milking it for all its worth. Just the other day, I was forced - FORCED - to have two extra drinks because I hadn't got through the whole story.

Friday, January 11, 2008

How to tell Australian cricketers from monkeys

In our endeavor to educate the ignorant public (you, that is), we have decided to take up a sensitive topic which is How to tell an Australian cricketer from a monkey. We know this a very tricky subject and that even experts like Harbhajan Singh have been known to make mistakes (he recently called the Australian cricketer Andrew Symonds a monkey and nearly got suspended. Silly of him. He should have said "ape", which scientists will tell you is different from "monkey").

As we were saying, it can be done, telling them apart, that is. By the time you are done reading this article you will be distinguishing between Australian Cricketers and monkeys with a confidence rate of 71.224%

Let's start with the basics. Australian cricketers are not monkeys. We know this is hard to believe but trust us. There are many points of difference, though most of them are discernible only under an electron microscope.

Firstly, monkeys are primates but unlike humans, do not have an opposing thumb. Australian cricketers, who resemble humans more closely, do. This enables them to bunch up their digits into a fist and extend only the middle one, the universal gorilla symbol for love and friendship.

Secondly, the average Australian cricketer has less hair than most species of monkey. This is the best distinguishing physical characteristic, according to several authorities in this field, because facial features can be very misleading. The leading case on the topic is Symonds v/s Singh where the plaintiff sued the defendant for having called him, the plaintiff, a monkey face. The courts ruled against the plaintiff on the grounds of reasonable similarity.

Thirdly, most monkeys in the wild do not appeal in unison, unlike the Australian cricketers. Their preferred method of pressuring the umpire would be to bite him in the nuts. This is why the BCCI, along with the entire Indian cricket team, wants Umpires Bucknor and Benson to officiate in the Jungle Olympics.

And lastly, Australian cricketers, unlike monkeys, do not mate promiscuously with multiple females. Unless they are Shane Warne.

We hope this article was illuminating, though the space provided was hardly enough to do justice to this vast subject. The reader is most welcome to attend the author's lectures delivered in the primates section of the Bombay zoo. He will be the one scratching his butt. Aussie style.

Tuesday, January 8, 2008

How did Benazir die?

In an effort to make sense of the myriad theories about Ms. Benazir Bhutto's death, this blog decided to depute its worthless-but-devoted-to-journalism founder Narendra Shenoy to Pakistan to find the truth.

Honest and intrepid, Shenoy's quest started with preparing ground research. Fearlessly typing in "Pakistan terrorism Bhutto Assassination" into a toolbar graciously provided by M/s Google & Co. for this very purpose, Shenoy speedily unearthed a few unknown but potentially deadly facts about that fine country, listed below for your benefit
1. Ain't no democracy there
2. No government even
3. No law and order neither
4. Plenty bearded blokes who are living in AD 632 and who can shoot quicker than they can think

Having unearthed all that information, Shenoy stretched out on the living room sofa and, deciding that this crime was best solved by employing the little grey cells, poured himself an 18 year old Glenfiddich. 'Bout as old as little Bilawal' he reflected. "More mature than him, though".

Scotland yard had been called in earlier and had delivered its verdict. "Sniper", Inspector Plod had told the press.

A little earlier, a Pakistan government (assuming one exists) spokesman had declared that Ms. Bhutto died from hitting her head on the door handle of her car when a human bomb went off.

When she died of course, the official (if there is such a thing in Pakistan) report was that she was gunned down by two people wielding assault machine guns.

Easily confused with a sniper, of course.

"Plod, you're an ass", said Shenoy, to the Scotland yard detective. "It's clear as daylight. The murder was committed by administering strychnine through her anti-dandruff shampoo medicine, which was given to her by the husband of her former maid whom she had dismissed for being a thief and thus competing with her husband Asif Ali Zardari."

The case solved, Shenoy decided to take the rest of the day off and reflect on the wisdom and inner beauty of this fine lady who had left no stone unturned in her effort to liberate the people of Kashmir by waging a jihad against the Pandits who, with their wives and children posed a dangerous threat to the people of Kashmir, especially by being unarmed just so that they could pretend to be innocent.

Monday, December 31, 2007

Crisis in the Australian Cricket Team

Tempers are frayed in the board-room of the Australian Cricket Selection Board. An unnamed source told us that the entire team was summoned today and given a dressing down by the Chairman of the Selectors. Captain Ricky Ponting took the brunt of the assault and later tearfully admitted to the unnamed source that he was powerless to do anything about it. The Chairman of the Selectors later played down the incident and promised that his team would be turning around soon and that they would learn from the mistakes of the past.

At the heart of the trouble is the crushing defeat that the Aussies inflicted on the Indian cricket team, visiting and currently playing a test series. As is well known, the immense popularity of the game in the Indian subcontinent is what is paying everybody's salary. Worried that frequent defeats of the Indian team might lower viewer interest and thereby hurt the board's advertising revenues, the Australian Cricket Board had specifically instructed their team to lose to the Indians or, if for some reason they can't, as often happens to teams playing chronic losers like India, at least win by extremely slender margins.

This, the board felt, was completely ignored by Ponting and his men. First, they pounded the Indian bowling attack all around the field on the flimsy grounds that it was ineffectual. Ponting's sarcastic remark, that if the board wanted batsmen who could lose their wickets to the Indian attack, they had better recruit blind players, did not go well with the selectors. Ponting later apologized for it, though he privately told our source that he was not sure that even blind batsmen could manage this.

The meeting broke for lunch, in an attempt to cool tempers, but when it re-convened, the bowlers came in for a bit of stick, as they say in cricketing terms. It has been decided to enrol them for the crash course on bowling half volleys, a regular course being conducted by the advanced training program of the Indian Cricket Board. The Indian cricket board have been informally sounded out about this and have graciously agreed to impart the necessary skills to the Australian bowlers. A sports psychologist's services have been sought, to "de-competitise" the Australians. India has some of the best in this field.

When this reporter contacted the Chairman of the Selectors for his comment, the official reply was that there was no problem and the situation was under control. Privately, an unnamed source assured this reporter that the team has been instructed to lose by an innings. The idea is that even if they goof up, they could still lose by a narrower margin.

What will happen is something that only time will tell, but there is no doubt that the Australians are serious this time. The national coach of Australia is reported to have told the Indian batsmen Dravid and Jaffer that the rules of the game permitted a player to actually hit the ball with the bat, something which they reportedly found shocking and heretical, but being the fine players that they are, are actually considering it.

The situation, in short, is hopeful.

Narendra Shenoy
Special Reporter on Global Cricketing Matters
Melbourne.

Friday, December 28, 2007

Cellphones - their part in my hair loss

Every once in a while I get the feeling that I am really not part of this world. You know, like you've just come out of the Kalahari desert, lost and disoriented. Except that bushmen can find their way around by the stars. I can't find may way around in the mall, because I find the signage confusing. Nothing is written in words, just internationally accepted symbols. I frequently land up at the baggage counter for a pee. Anyway, thats a different story. What I was getting around to saying is that every once in a while I get the feeling that I'm lost and cellphones are guaranteed to make me feel that way.

My basic attitude towards buying cellphones is to get away with buying the cheapest one possible. I would much rather spend my money on fine alcoholic beverages, you see, than buy expensive cellphones so that the people who make them can buy fine alcoholic beverages. So when my finely honed instincts drag me towards the crap-phone counter, Sheela and the boys feel I'm being a cheapskate. "Dad", one of the boys said, "even the guy who washes the car has a better phone". There was much truth in that statement. The guy who washes our car is quite a happening dude.

I really can't understand, for the life of me, why a "better" cell phone is better. Consider the one that they persuaded me to buy. Its from the Sony Walkman series whose selling point is that you can listen to music on your phone. When it was thrust into my hands and its features explained, I did something I don't usually do - I thought. "Guys," I said, "this is a silly idea. On the rare occasions that I listen to music, I like to do it in the peaceful surrounds of my living room, preferably in the company of a chilled bottle, not when I'm having a heated conversation about missed deadlines." The lads corrected me on this point. "Dad, this is really cool. Trust me", said Gautham, who's been watching too many American movies.

He did not speak a lie. It seems that the entire teenage population of the world thinks that this concept is cool. Sony is raking it in till its arms hurt and one or two of the dour faced Japanese elders at Sony corp are rumored to have actually smiled. If I was a Japanese elder at Sony corp, I would have been exchanging high fives in my underwear with other Japanese elders. Now of course all phones are a music special and allow you, should you fancy it, to listen to Eminem holding forth on Puke when you should be paying attention to the stern looking lady from HR.

But the real problem with cellphones is the service providers. I have my usual tiff with them once a month because they call up about a week before the payment is due and ask me if I have made the payment and if I have, to provide them with the cheque number, the name of my bank, my sixteen digit bank account number, my mother's maiden name, three distinguishing marks on my body and the name and gender of my childhood sweetheart. Really. And they usually get the timing down to within a minute of my having received a seriously pissed off call from one of my customers for having missed a deadline. I am really not in a mood to exchange light hearted banter with the lady about my commercial obligations with her cell phone company.The payment isn't even due, damn your soul, I yell at her. Even as I do it, I realize that its not her fault. She is just doing her job, trying to earn an honest living. Respect that, you ass, my conscience is saying to me. But even my conscience finds itself at a loss for words when we have one of those rate plan conversations. The phone rings. You pick it up. Nice lady coos to you and before you know it, she is explaining a tariff plan that apparently requires a PhD in abstract mathematics to understand. The main principles of a cellphone tariff plan are as follows

1. Like life, the universe and everything, it cannot be understood by mortals
2. It is better than your current tariff plan
3. You will end up paying more in the total but less per call.

The episode usually leaves me with a throbbing sensation in the temples. I retire to my den, curl up with a book and conduct some research into the therapeutic properties of chilled beer. Then the boys turn up with the latest news.

"Dad, the guy who washes the car has an i-phone."