Wednesday, June 30, 2010

MyPictures - Recent Trip to India

Thursday, June 17, 2010

Out of Ashes

A movie based on the remarkable performance of the Afghanistan Cricket Team in recent years and the efforts that went into making a good team in the face of great odds....


RSK

How would BP handle a coffee spill?

Tuesday, June 15, 2010

Website for Blood Donation Help


Please click



  www.friends2support.org  

 to search for a Particular blood group....
hopefully, you will find many  donor addresses. 
RSK
   

 



Friday, June 11, 2010

Brick Lane ( movie)

Saw this poignant, languorous film on DVD.....about a Bangladeshi woman married to an old Bangladeshi settled in London..... nicely made film.... the good-looking, dusky Tannishtha Chatterjee plays the role of a young village girl growing up in poor quarters of London and coming to terms with her changing life.... she wears some beautiful dresses in the film, some very elegant Bengali sarees.... !!

Give it a look............

RSK

Thursday, June 10, 2010

PI Day at Google

Pi Day at Google

Google used the following logo for Pi day:
Pi Day Google



Pi Day and Pi Approximation Day are two unofficial holidays held to celebrate the mathematical constant π (pi) (in the month/day format: 3/14); since 3, 1 and 4 are the first three decimal digits of π. March 14 is also the birthday of Albert Einstein and Marina Koutsis and the three events are sometimes celebrated together.

Tuesday, June 8, 2010

Invest in Companies You Hate ( Scott Adams)



This is a great piece...........  RSK





Betting on the Bad Guys

Cartoonist Scott Adams's personal road to riches: Put your money on the companies that you hate the most

By SCOTT ADAMS

When I heard that BP was destroying a big portion of Earth, with no serious discussion of cutting their dividend, I had two thoughts: 1) I hate them, and 2) This would be an excellent time to buy their stock. And so I did. Although I should have waited a week.
People ask me how it feels to take the side of moral bankruptcy. Answer: Pretty good! Thanks for asking. How's it feel to be a disgruntled victim?
I have a theory that you should invest in the companies that you hate the most. The usual reason for hating a company is that the company is so powerful it can make you balance your wallet on your nose while you beg for their product. Oil companies such as BP don't actually make you beg for oil, but I think we all realize that they could. It's implied in the price of gas.

I hate BP, but I admire them too, in the same way I respect the work ethic of serial killers. I remember the day I learned that BP was using a submarine…with a web cam…a mile under the sea…to feed live video of their disaster to the world. My mind screamed "STOP TRYING TO MAKE ME LOVE YOU! MUST…THINK…OF DEAD BIRDS TO MAINTAIN ANGER!" The geeky side of me has a bit of a crush on them, but I still hate them for turning Florida into a dip stick.
Apparently BP has its own navy, a small air force, and enough money to build floating cities on the sea, most of which are still upright. If there's oil on the moon, BP will be the first to send a hose into space and suck on the moon until it's the size of a grapefruit. As an investor, that's the side I want to be on, with BP, not the loser moon.
I'd like to see a movie in which James Bond tries to defeat BP, but in the end they run Bond through a machine that turns him into "junk shot" debris to seal a leaky well. I'm just saying you don't always have to root for Bond. Be flexible.
Perhaps you think it's absurd to invest in companies just because you hate them. But let's compare my method to all of the other ways you could decide where to invest.
Technical Analysis
Technical analysis involves studying graphs of stock movement over time as a way to predict future moves. It's a widely used method on Wall Street, and it has exactly the same scientific validity as pretending you are a witch and forecasting market moves from chicken droppings.
Investing in Well-Managed Companies
When companies make money, we assume they are well-managed. That perception is reinforced by the CEOs of those companies who are happy to tell you all the clever things they did to make it happen. The problem with relying on this source of information is that CEOs are highly skilled in a special form of lying called leadership. Leadership involves convincing employees and investors that the CEO has something called a vision, a type of optimistic hallucination that can come true only in an environment in which the CEO is massively overcompensated and the employees have learned to be less selfish.
Track Record
Perhaps you can safely invest in companies that have a long track record of being profitable. That sounds safe and reasonable, right? The problem is that every investment expert knows two truths about investing: 1) Past performance is no indication of future performance. 2) You need to consider a company's track record.
Right, yes, those are opposites. And it's pretty much all that anyone knows about investing. An investment professional can argue for any sort of investment decision by selectively ignoring either point 1 or 2. And for that you will pay the investment professional 1% to 2% of your portfolio value annually, no matter the performance.
Invest in Companies You Love
Instead of investing in companies you hate, as I have suggested, perhaps you could invest in companies you love. I once hired professional money managers at Wells Fargo to do essentially that for me. As part of their service they promised to listen to the dopey-happy hallucinations of professional liars (CEOs) and be gullible on my behalf. The pros at Wells Fargo bought for my portfolio Enron, WorldCom, and a number of other much-loved companies that soon went out of business. For that, I hate Wells Fargo. But I sure wish I had bought stock in Wells Fargo at the time I hated them the most, because Wells Fargo itself performed great. See how this works?
Do Your Own Research
I didn't let Wells Fargo manage my entire portfolio, thanks to my native distrust of all humanity. For the other half of my portfolio I did my own research. (Imagine a field of red flags, all wildly waving. I didn't notice them.) My favorite investment was in a company I absolutely loved. I loved their business model. I loved their mission. I loved how they planned to make our daily lives easier. They were simply adorable as they struggled to change an entrenched industry. Their leaders reported that the company had finally turned cash positive in one key area, thus validating their business model, and proving that the future was rosy. I doubled down. The company was Webvan, may it rest in peace.
(This would be a good time to remind you not to make investment decisions based on the wisdom of cartoonists.)
But What About Warren Buffett?
The argument goes that if Warren Buffett can buy quality companies at reasonable prices, hold them for the long term and become a billionaire, then so can you. Do you know who would be the first person to tell you that you aren't smart enough or well-informed enough to pull that off? His name is Warren Buffett. OK, he's probably too nice to say that, but I'm pretty sure he's thinking it. However, he might tell you that he makes his money by knowing things that other people don't know, and buying things that other people can't buy, such as entire companies.
People Love Berkshire Hathaway And That Has Done Great
I'm not saying that the companies you love are automatically bad investments. I'm saying that investing in companies you love is riskier than investing in companies you hate.
Second, take a look at Berkshire Hathaway's holdings. It's a rogue's gallery of junk food purveyors, banks, insurance companies and yes, Goldman Sachs and Moody's. The second largest holding of Berkshire Hathaway is…wait for it…Wells Fargo.
(Disclosure: I own stock in Berkshire Hathaway for the very reasons I'm describing. And my first job out of college was at Crocker National Bank, later swallowed by Wells Fargo.)
Let's talk about morality. Can you justify owning stock in companies that are treating the Earth like a prison pillow with a crayon face? Of course you can, but it takes some mental gymnastics. I'm here to help.
If you buy stock in a despicable company, it means some of the previous owners of that company sold it to you. If the stock then rises more than the market average, you successfully screwed the previous owners of the hated company. That's exactly like justice, only better because you made a profit. Then you can sell your stocks for a gain and donate all of your earnings to good causes, such as education for your own kids.
Having absorbed all of the wisdom I have presented here so far, you are naturally wondering if I have any additional investment tips. Yes, and I will put my tips in the form of a true story. Recently I bought something called an iPhone. It drops calls so often that I no longer use it for audio conversations. It's too frustrating. And unlike my old BlackBerry days, I don't send e-mail on the iPhone because the on-screen keyboard is, as far as I can tell, an elaborate practical joke. I am, however, willing to respond to incoming text messages a long as they are in the form of yes-no questions and my answer are in the affirmative. In those cases I can simply type "k," the shorthand for OK, and I have trained my friends and family to accept L, J, O, or comma as meaning the same thing.
The other day I was in the Apple Store, asking how to repair a defective Apple laptop, and decided, irrationally, that I needed to have Apple's new iPad. The smiling Apple employee said she would be willing to put me on a list so I could wait an indefinite amount of time to maybe someday have one. I instinctively put my wallet on my nose and started barking like a seal, thinking it might reduce the wait time, but they're so used to seeing that maneuver that it didn't help.
My point is that I hate Apple. I hate that I irrationally crave their products, I hate their emotional control over my entire family, I hate the time I waste trying to make iTunes work, I hate how they manipulate my desires, I hate their closed systems, I hate Steve Jobs's black turtlenecks, and I hate that they call their store employees Geniuses which, as far as I can tell, is actually true. My point is that I wish I had bought stock in Apple five years ago when I first started hating them. But I hate them more every day, which is a positive sign for investing, so I'll probably buy some shares.
Again, I remind you to ignore me..............
—Scott Adams is the creator of "Dilbert."




How?


Intriguing KLM ad at Manchester airport...........
          RSK






Sunday, June 6, 2010

Modi@Tuglaq Annual Function ( All 6 parts)



A few years back, Cho Ramaswamy invited Modi to give a speech at the Annual Function of his magazine Tughlaq.....

For many people,Modi is not an easy guy to like  but few will disagree that he has made a huge difference in Gujarat by providing Basic Governance of some quality..... the keys points of the speech are too important to ignore...

Spare some time to view the 6 clippings....

RSK


PART 1




Friday, June 4, 2010

Pre-Phet, in Muscat.....

The Phet cyclone is in Oman right now .... last evening, it was cloudy
at the beach....

RSK

Thursday, June 3, 2010

Safety



 
 
This is the new "wear your seatbelt" ad .......started by a guy  because the cause is important to him, he came up with this idea, and now it's being hailed across the world as a beautiful commercial.


       RSK









Wednesday, June 2, 2010

Walking is Important !


  • Walking can add minutes to your life.This enables you at 85 years old to spend an additional 5 months in a nursing home at $7000 per month.

  •  My grandpa started walking five miles a day when he was 60.Now he's 97 years old and we don't know where the hell he is.
 
  •   I like long walks,especially when they are taken by people who annoy me..
 
  •  The only reason I would take up walking is so that I could hear heavy breathing again.

  •   I have to walk early in the morning, before my brain figures out what I'm doing..
 
  •  I joined a health club last year, spent about 400 bucks.Haven't lost a pound.Apparently you have to go there.

  •  Every time I hear the dirty word 'exercise',I wash my mouth out with chocolate..

  •   I do have flabby thighs,but fortunately my stomach covers them.

  •  The advantage of exercising every day is so when you die, they'll say,'Well, she sure looks good, doesn't she.'

  •   If you are going to try cross-country skiing, start with a small country.
 
  •   I know I got a lot of exercise the last few years......just getting over the hill.

  •  We all get heavier as we get older,because there's a lot more information in our heads.That's my story and I'm sticking to it.
 
  AND

  •  Every time I start thinking too much about how I look,I just find a Happy Hour and by the time I leave,I look just fine.
 
 You could run this over to your friends But just e-mail it to them!  



 

 

 


Gentle thoughts



 

 

 

 

 

  •  

    Gentle Thoughts for Today -

    •  When I'm feeling down, I like to whistle. It makes the neighbor's dog run to the end of his chain and gag himself.

    • A penny saved is a government oversight.

    • The real art of conversation is not only to say the right thing at the right time, but also to leave unsaid the wrong thing at the tempting moment.

    • The older you get, the tougher it is to lose weight, because by then your body and your fat have gotten to be really good friends.

    • The easiest way to find something lost around the house is to buy a replacement .

    • He who hesitates is probably right.

    • Did you ever notice: The Roman Numerals for forty (40) are  XL.'

    • If you think there is good in everybody, you
    haven't met everybody.  

     

    • If you can smile when things go wrong, you have someone in mind to blame.

    • The sole purpose of a child's middle name is so he can tell when he's really in trouble.

    • There's always a lot to be thankful for if you take time to look for it.  For example I am sitting here thinking how nice it is that wrinkles don't hurt.

    • Did you ever notice: When you put the 2 words 'The' and 'IRS' together it spells 'Theirs.'

    • Aging: Eventually you will reach a point when you stop lying about your age and start bragging about it.

    • The older we get, the fewer things seem worth waiting in line for.

    • Some people try to turn back their odometers. Not me, I want people to know 'why' I look this way.  I've traveled a long way and some of the roads weren't paved.

    • When you are dissatisfied and would like to go back to your youth, think of Algebra.

    • You know you are getting old when everything either dries up or leaks.

    • One of the many things no one tells you about aging is that it is such a nice change from being young.  Ah, being young is beautiful, but being old is comfortable.

    • Long ago when men cursed and beat the ground with sticks, it was called witchcraft.  Today, it's called golf

    • Lord, Keep your arm around my shoulder and your hand over my mouth . . . . . . . . . AMEN!

     

 


 

 

 



Just in case you thought Indian Banking Industry Was Big........

CCB ( China Construction Bank)  embodies the paradox of many emerging-market banks. It is huge and has grown phenomenally quickly, but the demands placed on it at home are also huge. Last year it expanded its loan book by 27%. The industry as a whole grew even faster, by 32%, partly thanks to the leading role the banks played in the government's economic stimulus. New loans made in China were equivalent to almost a third of GDP. Roy Ramos,

an analyst at Goldman Sachs, points out that in less than ten months China

 added the equivalent of India's banking industry twice over...........

(from Economist, 13.5.2010)

Tuesday, June 1, 2010

Game Changer : Indian Household Savings








 ( From Kotak Report)


US$10 tn up for grabs over next 15 years! We expect the financial services sector to
present a US$10 tn opportunity in the next 15 years benefitting all five stakeholders,
given the favorable demographics, economic growth and progressive regulatory trends.

Like its Asian counterparts, we expect India to continue being an economy of savers— we do not expect the high savings rates to fall. Of course, most of our numbers are
based on the assumption of continued economic growth—we treat growth as an
exogenous variable and model it as a given. An


5 GameChangers

􀁠 As people move into the 'productive ages' of 20-59, they save more: 88% of India's population will be less than 60 years old by 2025E

􀁠 GDP per capita is expected to increase to US$5,000 in 2025E from US$1,177 currently

􀁠 c1,200 mn bank accounts and c55 mn demat accounts in 2025E, from c600 mn bank accounts and c10 mn demat accounts at present deepening financial inclusion
􀁠 Significant reduction in transaction costs on the back of technologically-enhanced delivery platforms; e-money will begin to replace hard currency, thereby increasing credit creation

􀁠 We expect regulators to play a cutting-edge role in setting the global regulatory agenda

5 segments to benefit

􀁠 Deposits form the largest portion of savings currently (55% of household savings). We expect a cumulative inflow of US$4.2 tn in incremental deposits over the next 15 years

􀁠 Shares and corporate debentures: We expect an increasing percentage of incremental savings to go into equities: total inflow to aggregate to US$1.1 tn over the next 15 years

􀁠 Driven by the fiscal incentives offered by the government, we expect the government to mop up an incremental US$339 bn over the next 15 years

􀁠 We expect the insurance industry new premium collection to increase to US$300 bn annually in 2025E from US$40 bn currently—growth of 7X

􀁠 Given the lack of social security provisions, increasing life-expectancy and fiscal benefits, we expect a flow of US$1.4 tn over the next 15 years into the pension funds


5 stakeholders


􀁠 We calculate the incremental capital requirement in the banking sector to be US$613 bn over the next 15 years. Expect both entry and exits (via consolidation) in mutual funds, insurance

􀁠 Significant contributor to employment creation with 1.6 mn opportunities over the next 15 years in the banking sector alone. The insurance industry could triple its agent base from the 3 mn agents at present. Training the massive inflow of employees will be a big challenge

􀁠 With increasing transparency, we expect intermediaries to move to an advisory fee-based model from the current commission-dependent model

􀁠 With regulators batting for customers across the financial services domain, we expect increased choices, lower costs, pointed targeting and new modes of communication for customers

􀁠 The key question will be whether India will continue with a fragmented regulatory
framework or if a super-regulator will emerge in the financial services industry