e-Nagar

September 30, 2007

New store

Filed under: Humor — Ankur Aggarwal @ 11:05 pm

Two businessmen were taking a break while setting up their soon-to-open store’s shelving units. There they sat, in the middle of nothing but empty shelves. One said, “I bet any minute now some smart aleck will stick his head in the door and ask what we’re selling.”
Within minutes, a man did just that, “Hey, boys. Whacha sellin’?”
One businessmen responded sarcastically, “We’re selling a$$holes.”
Without missing a beat, he rejoined, “Looks like business is good; ya only got two left!”
—-

A Sindhi calls up the Times of India office and wants to place an Obituary for his dead grandfather … the conversation went as below:

Sindhi: How much does it cost to print an Obituary in Sunday edition of the Times of India?
Help Desk (TOI): Sir, we charge Rupees 50 per word.
Sindhi: (Thinking)… Hmmm… Wari likho ni… “DADA DEAD”.
Help Desk (TOI): Sir, you have to give a minimum of five words.
Sindhi: (Thinking harder)… Hmmm… Wari sochne do… hmmm likho ni… “DADA DEAD, HONDA FOR SALE”.
—-

How do they make holy water?
They boil the hell out of it.

September 27, 2007

The Success Principles

Filed under: Miscellaneous — Ankur Aggarwal @ 11:25 pm

This is a extract from the book: Jack Canfield:

If you want to create the life of your dreams, then you are going to
have to take 100% responsibility for your life as well. That means
giving up all your excuses, all your victim stories, all the reasons
why you can’t and why you haven’t up until now, and all your blaming
of outside circumstances. You have to give them all up forever.

You have to take the position that you have always had the power to
make it different, to get it right, to produce the right result. For
whatever reason – ignorance, lack of awareness, fear, needing to be
right, the need to feel safe – you chose not to exercise that power.
Who knows why? It doesn’t matter. The past is the past. All that
matters now is that from this point forward you choose – that’s
right, it’s a choice – you chose to act as if (that’s all that’s
required – to act as if) you are 100% responsible for everything that
does or doesn’t happen to you.

If something doesn’t turn around as planned, you will ask
yourself, “How did I create that? What was I thinking? What were my
beliefs? What did I say or not say? What did I do or not do to create
that result? How did I get the other person to act that way? What do
I need to do differently next time to get the result I want?”

Know this formula : Event (E) + Response (R) = Outcome (O)

The basic idea is that every outcome you experience in life (whether
it is success or failure, wealth or poverty, health or illness,
intimacy or estrangement, joy or frustration) is the result of how
you have responded to an earlier event or events in your life.

If you don’t like the outcomes you are currently getting, there are
two basic choices you can make

1.You can blame the event (E) for your lack of outcome (O)
2.You can instead simply change your responses (R) to the events (E) –
the way things are – until you get the outcomes (O) you want

“IF YOU DON’T LIKE YOUR OUTCOMES CHANGE YOUR RESPONSES”

Also you can hear a 20 minute audio on this book.

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September 25, 2007

Is it time for a change ?

Filed under: Thoughts — sree @ 5:11 pm

A few weeks ago , there was a major mishap which left the survivors feeling guilty, angry, remorseful, helpless, and confused.
A star student with a promising career in the IT field and the man she was living with committed suicide by laying on railway tracks in the outskirts of the city.
The reason..
The couple could not take the criticisms and disapproval of their respective families and immediate circle of friends .
Its not the usual case of a young couple falling in love and facing the wrath of the parents.
This case is all the more complicated because the man involved is already  married  with 2 young children. His wife is unemployed and is dependent on him for maintenance. He has deserted her to live with this girl whom he had fallen for.
To add insult to injury , this man was the girl’s professor in college and had resigned his job and moved to the city where the girl worked , to live with her.
There has been severe opposition and threats from the girl’s family and none had approved of the relationship.
There is nothing concrete known about the event that triggered this decision but there is speculation that the man’s wife had filed a case and the girl’s father demanded that she resign her job and return to her home-town.
It took some time for me to come to terms with this shocking news, as I had known about this for quite sometime now and had even expressed my views to my friend that she is stupid to have got into such a relationship and that he is using her.

But there are a few things that puzzle me:
1. Who is to be blamed for this ?
the society and the family who did not understand their commitment or the deceased who were cowardly and took the easy way out ?
2. Now that they have proved that they meant something to each other, can we understand and approve such illicit relationships ?
3. why do people who have the courage to get into such relationships do not have the courage to make it work ?
Whatever the reasons, one side-effect of this incident is that , it left me a lot less judgmental. Maybe its time we understood these out of the ordinary relationships and be more tolerant towards them..
After all ,it seems like the heart is a crazy thing with a mind of its own.

September 22, 2007

IPO: Oversubscribed

Filed under: IPO — Ankur Aggarwal @ 12:32 pm

Till about last month, I used to believe that one of the best ways to gauge the quality of an IPO (offered price, expected listing gains and future prospects) was to see the subscription pattern on the penultimate day.. good issues will see huge response from the QIB/FII/MF while bad ones would be shunned.
Also issues with good management would see good response from the employees and IPOs with good long term prospectus would receive bids from Non Institutional investors.

So my strategy in any IPO was
1) To do fundamental research about the future prospects.
2) read the broker’s advice.
3) see the market response.
if 2 out of these 3 parameters gave me a positive response, I would go ahead, (and since I a advice to a lot of my friends that means an investment of atleast 10L) else I would wait and watch for the next IPO to come. In the past 2 years, this time tested strategy has never failed me (except when I got pure unlucky and the issue was so much over subscribed that I got my full 1L refund)

However this strategy seems to be failing in recent days.
I felt CCCL (consolidated construction company ltd) was a good company to invest in, but most of the brokers seem to advise me against it (they cited the fact that it is aggressively priced, and the intentions of promoter is dubious… only recently he issued himself a large number of shares at a throw away price of 10/- per share… then the company pays its parent holding company a sum of 20 million INR p.a. for the royalty on the trade mark.. etc. etc.) also till the penultimate day, the issue was barely subscribed.
Since 2 of the 3 parameters were against me, I gave it a pass… just to realize that all the bids came on the last day… CCCL saw more bids then Koutons (which was a darling of the investors)

So clearly, I need to develop an alternate strategy…. what is your strategy for IPOs?

September 21, 2007

BJP/VHP Issues Fatwa against Karunanidhi

Filed under: News — Ankur Aggarwal @ 11:35 pm

The VHP kendriya margdarshak mandal leader and two-time BJP Lok Sabha member issued the ‘fatwa’ in Ayodhya in which he said whosoever chopped off the head and tongue of the DMK president would be gifted with gold by the saints of Ayodhya.

- Source

My questions:
1) I do not know the legality of fatwa, but doesn’t this constitute as a threat, attempt of murder, and hiring assasins for a cold blooded murder? If so why is not this BJP MP not arrested for death threat?
2) By issuing fatwa, doesn’t VHP becomes exactly the organization that they truly hate?

ICICI Bank Partially Paid shares

Filed under: Investing — Ankur Aggarwal @ 12:28 pm

There is an arbitrage opportunity for the long term investors in ICICI Bank with which they can make a cool profit of 50/- per share and also get an extra cash flow of 427/- per share.

Details:
18th June FPO of ICICI bank gave an option for the retail investors to pay a part payment of 250/- per share (they collected another 250/- from them soon afterwards) These options are to be converted within the next 6 months into a full share (after a payment of the balance amount of 390/- per share)
Also the investors have an option to sell these partially paid shares in BSE as ICIPPS. (ICICI bank partially paid shares)

In a perfect market these should trade at a discount of 390/- from the ICICI bank shares. But yesterday, the closing price of ICICI was 970 while that of ICIPPS 543/- (a discount of 427/-)
427 – 390 = 37/-
adding to it 12.81/- (3 months interest on 427/-)
an intelligent investor can pocket a cool 50/- and also free up some funds for investing.

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