Aaina se sharmaaon mein
Kahin mere daagon ko dekh kar toote na
Gine chune hain naina
Jo mere maayusi dekh kar moode na

Eternity

Anything less than eternity with you is an eternity less than anything

Work Life Balance

Work Life Balance means understanding that there is a Present Value of Time as much as there is a Present Value of Money .....

A New Day has come

The moon shines its beam on this world
searching for its anonymous lover
at the end of the night, there emerges on the horizon
a vision - orange and lustrous
out of this world
lighting up the sky
the blemishes on the moon washed away
Yes, a new day has come

Sex Lies and Valuation II:Bimbiliki Bilabi Maama Biscothu

"Valuation is an art" is the first hint you get that this subject is more like pricing a Van Gogh or any other antique ...

Topic:Valuation and the effects of auction model from a relative valuation perspective-An empirical analysis based on classic asset auction sell strategies under market forces (Please refer post: Sex Lies and Valuation)
The concept of relative valuation is rooted in the belief that market quotes for the same or similar security are the best indicators of the price of an asset.Since this method incorporates market eccentricity, it clearly defines the price the market will be ready to pay for an asset when the buyer wants to exit.
Step 1:
It is important to identify the right peer group whose multiples will serve as a benchmark and the right set of investors from whom to take pricing feedback.
Experiment Name:Oora Therinjukitten
Economists:Pandiarajan and Senthil
Experiment:
Pandiarajan and Senthil on the road.
Senthil: Anne ... ennane yosichindrukeenga? Intha naai pidikkara vandiya vechindu ennane panaporeenga?
Pandiarajan:Namma naatla roadla adhigama irrukarthu erumaiyum varumaiyum. Roatla irrukara pitchakaran/paithiyakaran ellarayum pidingada.Nambakitta super idea irruku.

Step 2:It is important to adjust/dress up the multiples and pricing feedback to remove any inherent bias so that the final price point is made as relevant as possible
Senthil and Pandiarajan collect all the beggars on the street and a training session is in progress:
Pandiarajan (addressing Paithiyam 1): Naan solrapadi sonnathaan teaand biscuit.Nee sollu - Aayiram.
Paithiyam 1: Solla Maaten
Pandiarajan hits him with a stick.
Paithiyam 1:Aayiram
and so on..
At the end of the session :
Paithiyam 1: Aayiram,Paithiyam 2:Rendaayiram,Paithiyam 3:Mooaayiram...

Step 3:
Due diligence
Sufficient due diligence needs to performed by the merchant bankers to check the health of the asset including contingent liabilities/outstanding litigation
The proof of the final price in IPOs is normally arrived at through a book building process.Where the actual quotes are taken and then the institutional investors are asked to cough up 90% of the amount after the price has been decided.
Location:Auction house owned by a Pehalwaan.Pandiarajan is trying to convnce him to buy his rusty old chair claiming it was once used by Queen Elizabeth and sell through his auction house
Pandiarajan and Senthil convince the Pehalwaan auctioneer that the zamindars (Arcot Jameen, Thanjavur Periya Pannai, Mayavaram Jameen to name a few - all beggars) of all the neighbouring zameen have come to bid for the antique chair that Pandiarajan wants to sell through his auction house.The beggars are all attired in rented finery.
Pehalwaan calls his secretary to check if the chair is indeed worth the value Pandiarajan has asked.When the secretary bends to check, Senthil makes a tearing noise and the secretary concerned that her tight skirt is failing her agrees that the chair is indeed of yore
Pehalwaan is now convinced and pays Pandiarajan their ask amount (since the zamindars start their well rehearsed aayiram,randaayiram monologue) and Pandiarajan and Senthil vanish.
Book Building:
Periya Zameendar: Aayiram
Arcot Zameendar:Rendaayiram
Maangaatu Zameen: Moovaayiram
....
.....
.......
.........
Maayavaram Zameen: Pathaayiram

Pehalwaan thrilled that the chair is giving him a 2x return on investment, awards the chair to the Maayavaram Zameen and asks for the payment.
Maayavaram Zameen: bimbiliki bilabi...
All beggars in unison: maama biscothu!!!!!!!!!

Of course Pandiarajan and Senthil have vanished after a successful valuation/placement exercise
Apologies to all those who do not relate to the comedy clip/people who know the clip too well to notice the minor tinkering with the script.Please check youtube.
Next Post:DCF: Aapu lication

Only the good die young

We are born into an organisation,
There is the entry level interview based on your past karma
It could be your C.G.PA, the status of your previous birth (Harvard/Cornell/IIMs)
and when you enter - you cry and you cry... for the first two years atleast
and you are fed biscuits..
and as you grow you develop teeth and a tongue
There are exams,there is a viva voce,you compete,you play mindgames
You join a sect,religion,group,party
You crusade, you convert clients
and you dedicate your flesh and blood to the cause
and along the way, the devas play their own game
of vote out..a la MTV Roadies
Its Judgement Day and its not Jesus at the throne
No wonder Yama visits the pious
and the incompetent are protected by their political shield
by the karma of their sacrifices to the devas
of self respect, pride,will...
Only the good die young
Is it to ensure THE END?
Remove the pious religiously and you will end up with the ignorant kafirs
The devas are the architects of our earths doom

I was blind, now I C

I Ceek Impure Securities

Before injustice knocks on my door,
should i scurry in haste
to propitiate some deva
and extend my stay
or maybe enter samadhi, leave this pigsty
and enter a higher world ?
Alas ! there would be another entry interview
and the akarmic cycle would begin anew
I pray for HIS/HER divine intervention

A(h)m Brahmaasmi

Sivanadiyaan Sivane yan naadhi (destiny/support)
Sivanadiyaan Sivane yan nadhi (river)
Sivanadiyaan Sivane yan naadi (pulse)
Sivanadiyaan Sinam Ariyaan!
Sivanadiyaan Iv Vaan Udayaan!

Gulaal:Not another Review

Here is a story with an identity problem.It doesnt know it is but a story.
Here are the actors who have no clue on their status.They do not portray...they live...
Here is a screenplay/dialogue that does not capture emotion.. It lets the movie free to speak to the audience...
Here is the director who who does not direct..who does not fit events to form a rainbow...

But delivers the splash of orange on a mystic sunset...

Here is a movie that does not deserve a review ... for you dont just view it ... in fact all the audience can do is surrender to Anurag's magic...

Sex Lies and Valuation - Pilot

Alright.. atleast the lies and valuation part are relevant to the post.Its called blog license.



What is valuation? How is it different from pricing? What are the different valuation metrics we need to employ? What is the difference between valuation based on fundamentals and market based valuation?



For answers to these and many other arivukolaru kostins refer one genteeelman called Damodaran. For the rest of you boozed out,last row sleepy junta who played snakes on your Nokia 1100 during the business valuation class (or those of you who skipped the course and took value add stuff like ethics/strat, but are now getting WACCed by P/E and EV/EBITDA): Wait for the next post.
(Grammer? ispelling?kyunki saas bhi level unfair suspense?I told you :Its called beelog license)

Dark Knight

Irul viratta oli ondrai nee yetrada
Vaiyagam kaikothu unnai vanangumada
Unn oli azhikka irul kaikothu kilambinaal
Ivvulagame erinthu unn irul pokumada

From Munram Pirai

Yenno deivam sadhi seidhadhu

pedhai pola vidhi seidhadhu

The quality of mercy is not strain'd,

It droppeth as the gentle rain from heaven

Upon the place beneath: it is twice blest;

It blesseth him that gives and him that takes:

'Tis mightiest in the mightiest:

it becomes The throned monarch better than his crown;

His sceptre shows the force of temporal power,

The attribute to awe and majesty,

Wherein doth sit the dread and fear of kings;

But mercy is above this sceptred sway;

It is enthroned in the hearts of kings,I

t is an attribute to God himself;

And earthly power doth then show likest God's

When mercy seasons justice.

Therefore, Jew,Though justice be thy plea,

consider this,That, in the course of justice,

none of us Should see salvation:

we do pray for mercy;

And that same prayer doth teach us all to renderThe deeds of mercy.

I have spoke thus much

To mitigate the justice of thy plea;

Which if thou follow, this strict court of Venice

Must needs give sentence 'gainst the merchant there

Tum se hi

The beauty GOD weaves through the fabric of life..
the crystals of coincidences that shine through any plain existence..
the double shades of meaning that reveal themselves as the fabric of life moves..
Loved the following song ... always
But today was definitely when i understood the shine of this crystal

Tum Se Hi (Jab We Met)
Na hai yeh pana
Na Khona hi hai
Tera Na hona jane
Kyun hona hi hai

Mein kahin bhi jata hoon
Tumse hi mil jata hoon
Tumse hi tumse hi

Humanos Inscrutablickos

Couldnt help cogging this line from Dilbert:

Nothing defines humans better than their willingness to do irrational things in the pursuit of phenomenally unlikely payoffs.This is the principle behind lotteries, dating and religion (and formatted pitchbooks if I may add)

Radio Time

Aduthu varuvathu M.S.Viswanatharin isaiyodu Agni Saatchi padathilirunthu kanaa kaanum kangal enra arumaiyaana padaippu.
Valiyinathu kavithaiku kural kuduthavargal S.P.Balasubramanyam, Saritha
Intha paadalin varigalai thiraiyil roobam kuduthavargal Sivakumar matrum Saritha

Movie Name: Agni Saatchi
Singer: Balasubrahmanyam SP, Saritha
Music Director: Viswanathan M S

kanaak kaanum kangal mella urangaadhoa paadal solla
nilaak kaala maegam ellaam ulaap poagum naeram kannae
ulaap poagum naeram kannae
(kanaak)
kumari uruvam kuzhandhai ullam rendum onraana maayam neeyoa
thalaivan madiyil magalin vadivil thoongum saeyoa
kumari uruvam kuzhandhai ullam rendum onraanae maayam neeyoa

thalaivan madiyil magalin vadivil thoongum saeyoa
nodiyil naaldhoarum niram maarum dhaevi
vidaidhaan kidaikkaamal thadumaarum kaelvi
vilakku aetri vaiththaal kooda nizhal poalath thoanrum nijamae
nizhal poalath thoanrum nijamae

(This is where Saritha does her bit)

"naan un nijaththai naesikkiraen nizhalaiyoa poojikkiraen
adhanaalthaan un nizhal vizhundha idaththin mannaikkooda netriyil neerupoal thiruneerupoal ittukkolgiraen"

(kanaak)

pudhiya kavidhai punaiyum kuyilae
nenjil undaana kaayam enna
ninaivu alaigal neruppil kulikkum paavam enna
pudhiya kavidhai punaiyum kuyilae nenjil undaana kaayam enna
ninaivu alaigal neruppil kulikkum paavam enna
kizhakku velukkaamal irukkaadhu vaanam
vidiyum naal paarththu iruppaenae naanum
varungaalam inbam enru nigazhkaalam koorum kannae
nigazhkaalam koorum kannae
(kanaak)

Darwinism ?

Its incredible that a species as primitively selfish as ours has managed to takeover this planet.
Somewhere along the line God decided to play favorites.

Never give a lift on the Highway

Required Viewing:
http://www.hcl.in/commercial.asp

Long winding highway … sometime to catch up on good old music.

That was a really difficult meeting there …. Lawyers , lawyers everywhere and yet not a single filing in sight…
Mandates- we sleep with whoever pays,
Litigation- freaking rival ibanks claim we cheated on their share of the ‘spread’- we will do all the spreading we can do,
Capital structure- Mr Patel, Mrs Patel, Miss Patel Master Patel and Little Tommy Patel, Objects of issue- cheap money, object of our issue –expensive project management

Large truck laden with pipes – be careful .. these maniacs ..
Nice greenery.Another revamped divider on the road.
Those contractors : I can almost smell those notes ..

Freaking truck driver turning without a signal .. brake …swerve .. accelerate.
The engine murmurs its assent.

I enjoy these truckwallah antics best on my rearview. Back to U2….

And then you give yourself away..and you give…

Some crazy kid waving by the side.. He is wearing an BCL cap..
Lift…ignore .. lift… ignore..never stop on the highway..never stop on the highway..

Summer of 69-Joka ke woh meethe pal ..

Brake … stop

“Sir you going towards Waranpur?”

“Yup..That should be on the way…hop in”

Pink Floyd-Coming Back to Life..

Question time …

Me: “So you an IT guy?”
Him:"Yes, and you?”
Me:"I work at an Investment Bank”

Him:"Oh ! but the stock market just crashed!”
Me:"Hmm ..really?”

(Those block trades we had engineered…Our Equities desk rocking the market as always..Anyway)

Him:"We built the software that displays the prices online you know”

Definitely his first year at BCL

Bryan Adams crooning We are the Champions

Me: "Interesting.In any case the ‘crash’ was 10 minutes back. The online prices aren’t real time kid. In another 10 minutes you will see a rebound "

Far more important to move the future.. than record the present when it has vanished into the past.. Looks like a smart kid..They will learn

Some petrol..

Random PC at the petrol station running on car batteries… impressive stuff

Kid:"We built the technology on which that PC runs..”

Kid beaming with pride.He might take some time..

“You mean you guys figured out a conversion mechanism for the current /voltage characteristics to suit the PC?”

“Well…mostly… We wrote the code for the pop up that asks for the option to run on the battery! It is in the beta testing stage… “

Whatta genius!.. with my C in programming data structures I wouldn’t have been able to do that.. L.. my niece might be able to though.. she scored an A+ in her 10th standard advanced C++ data structures course.

Time to move..



Waranpur arrives..

“So I drop you at the sign?”

“That should be fine.My helicopter is already in place.I just got a message on my cell.I need to go for an overseas lifesciences project”

“Interesting.So you just finished your project over here and you have been immediately staffed on another one?”

Wow ! BCL must be going great guns.

“Well BCL had arranged for a training session on C++ advanced Data Structures which all guys on the bench had to go through.
For the project I’ll be staffed either on the development or testing team as and when the requirement turns up.

BCL is a 4 billion dollar 40,000 employee enterprise you know Mr i-banker”. Smile.

True IT ishtyle

Grabs his bag .. beep beep..

Me: "And yes .. the markets have bounced back….But Iam sorry BCL stocks are still stuck at the 52 week low level.Dont worry it’s the rupee-dollar strengthening.Things should be fine soon enough .
We know our bulls from the cows you know Mr Nadar.

Good Luck touching lives”

Pink Floyd: Dream on you crazy diamond

A chronic delusion is a reality

What a trance?

The memory of you opening your eyes
makes me lose my vision
Its a hazy mad world
any chronic delusion is a reality

caging the eternity granted to my senses
in that moment

Gift yourself....

Orkut Scrap:

Today's fortune: Our first and last love is.. self-love

Very true .. So gift yourself another year to treasure in your memories...

Another year goes by ...have we taken the responsibility to keep ourselves happy?

My speaker system tells me I have more than taken care of that .. hehe


So the best gift on a birthday is from the birthday boy/gal ... Coz you are worth it !

Chak De

Not a sermon...
Just a promise..
No regrets

For every second spent mulling over the past

two for the present

and three towards the future

and believe me you are all set to Chak De !