Saturday, March 5, 2016

Girl on Fire

There is a popular song by Alicia Keys called "Girl on Fire"
Hearing this song or going through its lyrics it is hard for me not to imagine if this song was not describing the now banned practice of 'sati' in India. Just saying...
https://en.wikipedia.org/wiki/Sati_(practice)

Lyrics of the song are here:
"Girl On Fire"

She's just a girl and she's on fire
Hotter than a fantasy, lonely like a highway
She's living in a world and it's on fire
Feeling the catastrophe, but she knows she can fly away

Ohhhh oh oh oh oh
She got both feet on the ground
And she's burning it down
Ohhhh oh oh oh oh
She got her head in the clouds
And she's not backing down

This girl is on fire...
This girl is on fire...
She's walking on fire...
This girl is on fire...

Looks like a girl, but she's a flame
So bright, she can burn your eyes
Better look the other way
You can try but you'll never forget her name
She's on top of the world
Hottest of the hottest girls say

Ohhhh oh oh oh
We got our feet on the ground
And we're burning it down
Ohhhh oh oh oh oh
Got our head in the clouds
And we're not coming down

This girl is on fire...
This girl is on fire...
She's walking on fire...
This girl is on fire...

Everybody stares, as she goes by
'Cause they can see the flame that's in her eyes
Watch her when she's lighting up the night
Nobody knows that she's a lonely girl
And it's a lonely world
But she gon' let it burn, baby, burn, baby

This girl is on fire...
This girl is on fire...
She's walking on fire...
This girl is on fire...

Oh, oh, oh, oh ohhhhh oh oh oh ohhh oh oh oh ohhhh... [4x]

She's just a girl and she's on fire.

Tuesday, May 5, 2015

The future of PPFAS

Yesterday was a sad day for the financial sector in India with the passing of Mr.Parag Parikh. He was one of the famous value investors in India. His mutual fund, PPFAS is a pioneer of sorts. It has only one scheme, no dividend option and the owner, the manager and the employees themselves have stakes in it. 
Although its returns have not been extraordinary in the short period of time it has been active, its concept is in long term value investing and not going by the flavour of the season and hence, is difficult to criticise considering the concept.
Now, with both the leader, Mr.Parag Parikh and its fund manager Mr.Rajeev Thakkar having passed away in a car accident, what is the future of the mutual fund where a majority have invested in their faith of Mr.Parag Parikh's thinking, insights and knowledge? Is the concept institutionalised enough to carry on the legacy and thinking of its founder? Will it shut shop soon? Will new investors be willing to invest their moneys now? Investors would/should be anxious and be waiting to hear from the company on the steps ahead.

RIP Mr.Parag Parikh and Mr.Rajeev Thakkar.

Tuesday, April 21, 2015

A good reason to invest in equity for the long term

Many investors may be scared of investing in equity as the risk is high. Moreover, a fall in the markets can cause heavy losses to the portfolio.
A friend of mine recently made a great comment on the stock markets. He said, in the long run, stocks can give a CAGR of 10-25% (an annual growth of around 10-15% continuously year on year). Even if the stock corrects by a big margin, say 25%, it is only on the last year's price and I still have many years of appreciation intact.
This is very true for a large number of large cap stocks.
Something to keep in mind while investing in stocks.
This make it a good reason to invest in equity in the long run.

Thursday, December 18, 2014

Lacuna in Annual Reports

The Annual Reports of listed Indian companies are able to hide a lot of information currently. This should be made available for the general investors to take a more sophisticated analysis of the businesses.
Some of the data that should be incorporated in the annual reports are:
1. Past 3 years and Current External Credit Rating (which is anyway publicly freely available)
2. Long term loans repayment schedules (Investors can then see how much the company will get further stressed in the years going ahead as repayments loom)
3. Securities provided to secure the loans
4. Market Valuation of the properties once in three years (This is anyway done for the sake of banks.
5. Promoter pledging and purpose for pledging
This will allow the investors understand/discover the true/appropriate market value of the companies)

As an investor, I would like to know my company better and these can be a better way for investors to understand their companies.

Monday, November 3, 2014

Big Brands are no better

It is a popular idea that while the small shops and smaller brands are suspect in their wares and methods, the big brands are reliable and honest in their business.
But, truth be said: it is not true.
While some which operate in pharma or food may be selling adulterated stuff without enough quality checks or some goof up once in a while, there are certain sectors which violate the norm in a "business as usual" manner. The particular sector I am referring to here is jewellery. There are a few unique aspects to this business. Firstly, women are highly seduced into buying this making this somewhat impulsive and hence less cautious. Second, it is a social norm to buy enough for occassions (marriage, diwali, danteras, etc.). Third, most customers cant differentiate between the quality of stuff sold. Forget carats of diamonds, even 18/20/22 carat gold cant be differentiated by a layman. To top this, fourth, the metals are sometimes plated (by how much thickness?) and are sometimes embedded with stones (diamonds, rubies, etc.) and it is impossible to measure the weight of it without damaging/destroying the item.
All the above make for excellent toxic environment to cheat the customers even in the best light of the day and get away with it scot-free.
It is because of these reasons that this business is done based on trust and from the below article, this business is mostly run by cheats.
Big Jewellery Brands Cheating
When big well known brands like Mangatrai Jewellers, Sri Krishna Jewellers, Meena Jewellers, TBZ Jewellers and Kalyan Jewellers, RS Brothers Jewellers, South Indian Shopping Mall and Chennai Shopping Mall, it is time to stay away from Jewellers itself as much as possible.

Friday, August 1, 2014

Call centers face mass exodus after govt. starts recruiting monkey mimics

Employees from various Gurgaon based call centers have started tendering their resignations after the new government has announced new jobs employing people to wear langur costumes and scare away monkeys.
An Gurgaon based call center employee has this to say on being asked why the monkey mimicing job was so popular: "The job is so lucrative. It pays me more than a fresher in a call center and there are fixed timings and only day shifts. Whats not to like."

A HR person of the call center said, "This is going to create a lot of fresh problems to the call center businesses. We continuously train a lot of freshers for doing a variety of monkey jobs at our office. Now with this job opening, we fear many of our excellent employees may leave us for these jobs. There is  going to be a fresh talent shortage in the near term."

The mad rush of applications received by the government has put it in a tizzy. Some minority groups have already started asking for a quota for the new jobs. A spokesperson of the leading political party in the central government said "The new government had promised to bring new jobs to the economy. This is the first major step we have taken towards creating new jobs."

The HRD minister commented on the same issue: "You know how Indian kids are. Right from school days, they start making monkey faces. They have a natural talent of it and we recognise that such talent should not be wasted and could be put to good use this way." Going on the way forward on other initiatives proposed by the government, she said, "We are also looking at many zoos in India where are not enough animals on display. We have set up a inter-ministerial committee to work out the details on people to mimic other animals and provide them employment in the zoos."

One of the elderly retired residents in the areas which are populated by monkeys had this to say, "This should be extended beyond the parliament to other areas also. I have wondered at times, how to effectively contribute to my society. I think I will try to take this job as this will satisfy my need to contribute to the society. We also have a lot of young boys and girls doing nothing useful loitering around in colleges. Maybe this should be made compulsory for a few days a year for all students as part of CSR activity of colleges and schools."

Meanwhile, an elderly group of monkeys has heard chattering somewhere near the parliament: "These langurs are bigger, but dont climb or run with the four legs like the old ones." "I saw one with a human head and a langur body" "I went near one langur and there was the 'yaar na mile' song coming from it".

Maybe the monkeys will soon figure out the plot and monkey mimicing plan would bomb back on us soon.

Wednesday, July 9, 2014

Budget Trip to Bhutan

We (My wife and I) travelled to Bhutan during Apr 21 to Apr 28, 2014 from Hyderabad, India. The place had fascinated me ever since I heard about it from my two classmates in Philippines. The place has many unique things to its credit.
1. A place still ruled by the king and the queen and has democracy
2. A landlocked country
3. Beautiful clean places with its own unique culture of clothes, food, games, traditions and beliefs
4. A unique ecosystem of plants and animals
among other things.

I will give a brief of the plan followed by details to help you plan your trip.
Hyderabad --> Bagdogra --> Phuentsholing --> Thimphu --> Paro --> Phuentsholing --> Bagdogra --> Hyderabad

Day 1: Early morning flight from Hyd to Kolkata, Stopover for 2 hrs at Kolkata, Connecting Flight from Kolkatta to Bagdogra. Reach Bagdogra by afternoon, take a prepaid taxi to Phuentsholing and stay at Hotel Sinchula (http://www.tripadvisor.in/Hotel_Review-g469428-d456013-Reviews-Hotel_Sinchula-Phuntsholing_Chukha_District.html).
Day 2: Get immigration formalities done, get a prepaid sim card, take a bus to Thimphu. Saw Buddha statue at night and night view of Thimphu from near Buddha statue. Stayed in Peaceful Resort (http://www.tripadvisor.in/Hotel_Review-g293845-d1943683-Reviews-Peaceful_Resort-Thimphu_Thimphu_District.html) for the night.
Day 3: Saw the Takin preserve, roamed around Thimphu market (meant for tourists), Bought souvenirs, went to Choki Traditional Art School, Saw Thimphu Dzong (from outside), Visited the local football stadium and stayed at Peaceful resort.
Day 4: Travelled by taxi to Paro, enroute visited Tachogang temple (on a hill after crossing Paro river), Checked into Rema resort in Paro (http://www.tripadvisor.in/Hotel_Review-g321541-d2166460-Reviews-Rema_Resort-Paro_Paro_District.html), Visited the Paro musuem, the Paro Dzong, did archery for an hour and rested at Rema resort for the night.
Day 5: Trekking Tiger's nest (Paro Taktsang), booked bus tickets for travel next day to Phuentsholing .
Day 6: Travelled to Phuentsholing, took Bhutanese bus from Phuentsholing to Siliguri and stayed at Sevoke Valley Residency (http://www.tripadvisor.in/Hotel_Review-g659786-d4606812-Reviews-Sevoke_Valley_Recidency-Siliguri_West_Bengal.html) in Siliguri, West Bengal.
Day 7: Auto from hotel to Bagdogra airport and afternoon flight Bagdogra-Kolkata-Hyderabad with a layover at Kolkata. Reached home in Hyderabad at night.

The detailed plan of the above with associated costs, distances, mode of travel, review of places is hereunder:
Day 1: Reached Bagdogra at around 1 pm and took a prepaid taxi at a prepaid taxi stand to Phuentsholing. Enroute the driver stopped for lunch at a restaurant. The cost of the prepaid taxi was Rs.2,263 for an Indica. You can get Indicas and Innovas from the prepaid taxi stand with payment and receipt.

We reached Phuentsholing around 7 pm.
You know you are entering Bhutan when you see the welcome board:


We put our stuff at Hotel Sinchula and though we could have ordered food in the hotel, we walked back to India for dinner as we wanted to explore the border area. The hotel is 5-10 min walk from the border. We had dinner at a vegetarian hotel (tried their unique delicious Bhutanese dish called Kewa Datshi - A dish made of Potatoes, Cheese and chillies, Photo below)
There are restaurants around in the Indian side and food should not be a problem. They serve both Indian and Bhutanese dishes on both sides of the border.
Dzong next to Hotel Sinchula:
Night stay at Hotel Sinchula.

Day 2: We started at around 9 am for and went to the immigration centre after having breakfast. We filled up the application forms for visitor visa along with the 2 photographs and passport and submitted it. We had to wait for about 45 min to get our application processed along with our photo taken and get the permit. (You are only allowed to travel to some distance in Phuentsholing without the permit)
With the permit to enter Bhutan, we photocopied a couple of copies of the permit. We bought ourselves a local sim card (http://www.tashicell.com/prepaid-mobile for latest call rates) from the Tashi complex which is the office of Tashi (a popular mobile service provider) and is 5 min walk from the immigration office.
There is a park with a Dzong nearby which can be checked out if time permits.

We comfortably checked out of Hotel Sinchula (check out time is 12 pm or so) and took a cab to Phuentsholing bus stop (around a km away. We paid Rs.50 for taxi). We bought bus tickets to Thimphu (Rs.230 per head) and it took close to 6 hrs to reach thimphu. We reached Thimphu bus station around 6.15 pm. We took a taxi to take us to Peaceful resort (Taxi fare Rs.100 after bargaining. 5 km distance. Rs.20/km seems to be fair although they demand more). My friend came to the hotel and picked us up for dinner. Post dinner, we went to see a big Buddha statue in Thimphu and the night view of Thimphu from the same hilltop. It is advisable to see the Buddha statue during the day although the night view of the city from the hilltop is mesmerizing.


Day 3: My friend picked us up at the hotel and we visited the Takin preserve which is very close to the peaceful resort. The takins were unfortunately a little far away that day from the enclosure boundary and we didnt get a very good look at them. They are very lazy. After that we went to the tourist area with lots of souvenirs/handcrafts for tourists to buy. We then went to the Thimphu main post office where we bought a souvenir of the Taktsang monastry magnet which is the cheapest here (Rs.500). One can also get their photo taken in the post office and get custom stamps made with your photo at this place. Unlike in India where your customised stamp has a photo alongside the regular stamp, here your photo is the main part of the stamp. A set of 4 stamps can be done for around Rs.350. Later, we took leave of our friend and we had hired the same taxi of the previous night for the rest of the day (Rs.800 post negotiation). We went to Choki Traditional Art School (it is north of Thimphu and the route can be a little back breaking as there is no proper road in the last few kilometers). The entrance of the school is mesmerizing with the large art work:
Embroidery of Goddess White Tara being made. It takes close to 4 months to get this embroidery from start to finish.
 Wood carving being done at one of the classrooms.

En route you will crossing the Thimphu chu (Thimphu river) and you can get a few good photographs along the river front.
We saw the Thimphu Dzong in the evening and were late for the ceremony which starts at 4.30 pm or so. We later went to the nearby football stadium and went back to our hotel.

Day 4: We checked out of the hotel (Peaceful Resort) and travelled to Paro with the same taxi driver (Rs.2000 for the entire day). On the way, we visited Tamchogang temple. It is temple on top of a hill which can be reached after crossing the Paro river. There are 2 parallel river crossings - one metallic thrilling one and another less thrilling one.


The drive from Thimphu to Paro is around 1.5 hr excluding the small trek and river crossing to Tamchogang temple. We arrived at Rema resort which is 1.5-2km from central Paro and is situated alongside Paro river at around 1 pm. The view from the resort is good, but the service is the worst ever. We had lunch (with bugs in it - one of the many reasons for poor service of this hotel) and visited the Paro museum and Paro Dzong. The Paro museum has an entrance fees of Rs.50 for an Indian couple or so. The museum has a wide variety of things - masks used for festivities, stuffed animals (especially lots of birds) specific to Bhutan area, mineral samples with a small area on geology, Pottery, how to make buttered tea, etc. It is an interesting museum to see. Cameras and mobiles need to be submitted at the entrance.
Paro Dzong is situated along the Paro river and has a breathtaking panaromic view of the entire Paro valley.



Dzongs were once military areas but are now administrative areas of Buddhist temples and have paintings/sculptures and Buddha Statue/other gods inside.
Inside Paro Dzong:




We later went to an archery range in Paro and did archery. One side of this range has professionals and the other side is free for amateurs to try archery (Rs.100 per head/hr). 

We booked a driver with the help of the reception at the hotel for a hotel pick up and drop to the base of Taktsang monastry for the next day.

Day 5: It takes about 45 min to reach the base of the monastery from Paro (Taxi charge of Rs.700 for pick up and drop). There are two options: trekking or hiring a horse and trekking only the last part. We trekked the whole way. We were slow and it took us about 3 hrs to reach to the top. Almost 1 hr looking around and resting and about 2 hrs on the way down.
Photo of monastery from base. The little while thing in the mountain in the below photo is the monastery.

The real size is revealed as you get close to it.
There is a restaurant in the middle of the way to eat, but it is quite expensive at Rs.450 per head for a vegetarian buffet.
On the way back to the hotel, we bought bus tickets for the next day from Paro to Phuentsholing (Rs.220 per head) as there are only 2 morning buses daily. One is at 8.00 am which we took. Another costlier alternative is to hire a sharing taxi which can charge around Rs.600-Rs.800 per head (dont remember the exact figure) or hire a full cab for Rs.3200 or so.
We reached Phuentsholing bus station at 1 pm and booked the Bhutan bus to Siliguri from Phuentsholing for Rs.132 per head (yes, it is that cheap). The Bhutan bus is faster and reaches Siliguri in 3.5 hrs or so compared to Indian buses which start from Jaigoan (Indian side of Phuentsholing) and take over 5-6 hrs to reach Siliguri. Another costlier alternative is to hire prepaid taxis to Siliguri or Bagdogra. We had enquired on day 2 we while leaving Phuentsholing to Thimphu and they said the bus to Siliguri would start at 2pm. It was supposed to be a tight schedule from Paro but the departure bus timing (not sure if the time was revised) was 3 pm from Phuentsholing. We reached Siliguri at around 7 pm (post a tyre change enroute) and took a share auto to reach Sevoke Valley Residency hotel.

Day 7: Checked out of the hotel at around 12 pm, caught an auto (Rs.300) to Bagdogra airport and caught flight back to Hyderabad with layover at Kolkatta.

Some interesting things discovered about Bhutan:
There is only one traffic junction in Bhutan which is there in Thimphu. This is yet to have an automated traffic signal and there is a traffic police directing traffic at this one junction.
Television was introduced in Bhutan only in 1999.
Although notes above Rs.100 are forbidden to be taken or used in Bhutan, people arent against it as it helps them trade more easily with Indians across the border.
Indian currency works easily in Bhutan as the people want more of Indian currency and it costs the people to get Indian currency for buying things.
Archery is their national sport.
Terracotta Buddhist Vortive miniature stupas can be found a plenty in mountain crevices.

The culture of Buddhism does not allow killing of animals. But, the modernisation of the country is expanding non-vegetarianism.

The various key costs of our trip are as follows:
Flight                  - 26248
Road transport   -   8933
Food and drinks -   3200 (We did pack in quite a lot of ready to eat items for the journey)
Hotel           - 15065 (Hotel Sinchula: Rs.1240 (1 Night); Peaceful resort: Rs.8385 (2 N); Rema Resort: Rs.3780 (Paid for 1 Night although stayed here for 2 nights as the service was so bad I demanded refund of 1 night and I got it); Sevoke Valley Residency: Rs.1610 (1 N); Remaining tips)
Misc                           -  1247
Gift/items/Souveneirs-  3478
Total                          - 58171 (door to door from Hyd)

Hope this information helps all of you to make your own travel plans to visit and enjoy beautiful Bhutan.

Cheers.

P.S: Updated on 1 Apr 2016:
A good post on travel to Bhutan is mentioned in the below link which I have not covered.
http://blog.byond.travel/index.php/cocks-kings-an-honest-travel-companys-guide-to-bhutan/byond/

A brave thing to do

The bride hunt is one of the bravest of things I can see many Indian guys in arranged marriage do.
Consider this: "A guy who doesnt sucessfully engage in checking out girls in all free public places goes to check out girls in their houses and that too in front of their parents..."

Saturday, June 14, 2014

The trioka of achieving higher speed: power, wind and weight

The phase of speed beyond a certain normal speed range and sometimes what your machine gives you in terms of a super acceleration in a certain range is exhilarating, surprising,  awesome and a little scared. The acceleration beyond 75 km/hr upto 95 km/hr or so without full throttle is amazing. Beyond that, going full throttle is usually a necessity on the peripheral roads of cities as they are never enough to slowly increase speed towards and beyond 100 km/hr.
There are 3 main forces at play at speeds above 95km/hr: wind/wind speed and its direction, weight (of the bike and the riders on it) and the power of the engine (juice to go each and every extra kmph).

Stillness of air is usually the best scenario for achieving high speeds as wind from an angle or blowing at your body makes it difficult to maintain balance of the bike. A higher weight of/on the bike is definitely a good counterbalance to overcome wind along with not wearing a jacket (they are usually not body-hugging and are not aerodynamic and wind can enter from the hands and bloats the jacket further offering air resistance and allowing the wind to play havoc to the balance the rider is trying to achieve). A higher body or bike weight negatively affects the speed capacity as the bike now has to lug out the extra weight and will deter the achievement of higher speeds. The other way to put it is that the power/weight ratio of the bike is reduced.
Based on this analogy, there is usually an equilibrium top speed that can be achieved and maintained under each circumstance defined by the variables wind speed and direction, power and weight of the bike and riders combined.

It is upto each rider to realise the 3 forces at play and not to overreach speed and endanger lives.
Cheers to safe and speedy riding!
P.S: Just achieved a new high speed of 112km/hr with a pillion rider on my Apache 180 ABS :)
Could have achieved a little more but restricted myself :)