Pertinent Observations

Archive for August, 2010

24 Aug

Engagement Ceremony

The problem with a formal engagement (like the ceremony I went through yesterday) is that nothing fundamentally changes in your life. Especially if things had already been “fixed” well before the engagement and the engagement was more of a formality to let people know and to get family and friends from both sides introduced to [...]

19 Aug

Successful IPOs

Check out this article in the Wall Street Journal. Read the headline. Does this sound right to you? MakeMyTrip Opens Up 57% Post-IPO; May Be Year’s Best Deal It doesn’t, to me. How in the world is the IPO successful if it has opened 57% higher in the first hour (it ended the first day [...]

18 Aug

Nubra Valley

I was in Nubra Valley, North Ladakh, the night the cloudburst and subsequent floods hit Ladakh. With the place having no mobile network, we were completely cut off from the rest of the world and had no clue of the disaster until we were more than halfway back, when the driver of a car coming [...]

16 Aug

Liquidity

We live in an era of unprecedented liquidity. Think about the difference from just about ten years ago. Back then, there was a much larger amount of cash reserve that one had to keep in one’s home, or on one’s person. There were no ATMs. There were no credit cards. All purchases needed to be [...]

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