May 2008


Wow, the party with a storied history accepting its defeat and admitting to its mistakes.  Well, this must the first time in Indian history.  Correct me if I am wrong!

Would you elaborate?

There was no clarity in the Congress strategy. See, a strategy need not be transparent, but there should be a hidden strategy. However, till today nobody knows what that hidden strategy was or what it exactly achieved for the Congress.

Full article at http://www.indianexpress.com/story/314553.html.  Now, why do I feel this is not going to last long?  How long before some other party loudmouth castigates him for telling the truth as he saw it?

What could BJP have done to carry atleast a simple majority?  Seems like the delay in election took away BJP’s advantage indeed!  If TN hadn’t postponed the hogenekkal project to aid Congress’s electoral prospects in Karnataka, would BJP have carried a simple majority already?

How long before atleast half of JD(S) splits and joins BJP to enjoy power? 

Or,  to the detriment of BJP, how long would it take our erstwhile PM to decide to join BJP or support BJP government to get couple of berths for his wards – Kumaraswamy & Revanna?  What is the odds of such a talk going on right now?  How would it impact BJP’s image?  Hope BJP has learnt its lesson and not go there, but as is well known, politics makes strange bed fellows 😦

Given that Congress hasn’t solved the Cauvery issue even while it has been ruling at centre and in Karnataka many a times, what would BJP do differently to arrive at a lasting solution?

A telling quote from todays Newyork Times about a new rule instituted at Merrill Lynch. The rule says that analysts should have a 20% “underperform” stocks in their portfolio.

“I don’t think that is likely to change any more than you would expect human nature to change,” said Mr. Melcher, president of Balestra Capital.

Merrill Lynch, not surprisingly, disagrees with that view. Candace Browning, president of Merrill Lynch Global Research, says that her analysts’ work “serves an important function in the capital markets” and that the changes would make investing recommendations from the firm even more useful.

“What the new system basically does is it forces analysts to rank their stocks top to bottom,” she said.

I think the “forces analysts to rank” is going to just create a new set of issues. Whenever I have seen that there are rules that “forces” someone to do something, people just invent clever new ideas to comply but just in letter but not spirit. Trading current set of issues for a new set of issues, at best 😦

In my industry, there are managers who just keep the underperformers in their team forever. Just so they do not have to go search for other underperformers come next round of appraisals. So would analysts copy the same trick and keep underperforms consistenly so and thus creating a vicious circle for those stocks?

I am at present in Brussels. Quite a beautiful city with a good public transport network.

However, the most important thing is – holidays are very serious business here 🙂 In just the last 2 weeks, there were 2 long weekends – one for 4 days and one for 3 days! Just my luck 🙂

My primary gripes – For a City that is head quarters for EU & NATO, there is not that much of a English speaking population 😦 And not much of a choice in food if you are vegetarian. You just have to make do with Club Tomate Mozza & Potatoes or a salad or falafel.