How Narayan Murthy reached the top of Infosys

A post from me after a long long time. Have a look....

Don't blame me for the pic above. Got this in an email so thought of sharing.

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Understanding the financial crisis

Heidi is the proprietor of a bar somewhere in Europe. In order to increase sales, she decides to allow her loyal customers - most of whom are unemployed alcoholics - to drink now but pay later. She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).

Word gets around and as a result increasing numbers of customers flood into Heidi's bar.

Taking advantage of her customers' freedom from immediate payment constraints, Heidi increases her prices for wine and beer, the most-consumed beverages. Her sales volume increases massively.

A young and dynamic customer service consultant at the local bank recognizes these customer debts as valuable future assets and increases Heidi's borrowing limit.

He sees no reason for undue concern since he has the debts of the alcoholics as collateral.

At the bank's corporate headquarters, expert bankers transform these customer assets into DRINKBONDS, ALKBONDS and PUKEBONDS. These securities are then traded on markets worldwide. No one really understands what these abbreviations mean and how the securities are guaranteed. Nevertheless, as their prices continuously climb, the securities become top-selling items.

One day, although the prices are still climbing, a risk manager (subsequently of course fired due his negativity) of the bank decides that slowly the time has come to demand payment of the debts incurred by the drinkers at Heidi's bar.

However they cannot pay back the debts.

Heidi cannot fulfill her loan obligations and claims bankruptcy.

DRINKBOND and ALKBOND drop in price by 95 %. PUKEBOND performs better, stabilizing in price after dropping by 80 %.

The suppliers of Heidi's bar, having granted her generous payment due dates and having invested in the securities are faced with a new situation. Her wine supplier claims bankruptcy, her beer supplier is taken over by a competitor.

The bank is saved by the Government following dramatic round-the-clock consultations by leaders from the governing political parties.

The funds required for this purpose are obtained by a tax levied on the non-drinkers.

Now I hope you finally understand our current Financial Crisis!

Dharti gol thi.....

(clock wise from top Varun Sharma the Prof. , Mr. D, Mr. Me, Vav Singh, Satty the sattu, Mr. handu apna Mangu ::: Photographer - Megh)

Our college was such a place where I really felt that the Earth is round. Reason for this was the omnipresence of our beloved Mr. D (thats what he calls himself, what others calls him is a bit abusive, rather true). Until second year, it didn't mattered, whoever you are, wherever you may be in the campus, every one had this very fear that Mr. D (and the reason for my not using his real name is that he feels it derogatory) might arrive any moment to blabber, and bore you till death. He was an expert, and later on people started bullying him to get rid of his annoyance. My day in college was never complete without giving a dose of my stupefied 'Gyan' to him, so that he shuts his mouth up.

These days things have changed, and I have started feeling things are growing flatter, and so is the earth, We are getting away, despite the advances in Telecommunication and Internet. The reason being Mr. D is having a job, which fills his mouth with tons of stinking Indian Rupee notes, it keeps his mouth shut, and to add to it, Mr.D has also found his better half, rather his better three-fourth, Miss P. So Miss P keeps him busy, whenever he feels he is free. Its good for the Earth actually, and since Miss P has entered into Mr. D's life, the average intelligence of the Earth measured by the talks of people has increased significantly. Thanks a lot Miss P for doing this, keep on doing it, you are very good at it. These days they are in Delhi, making Merry. Something which we did two years back while interning at CARE (Center for Advanced Research in Electronics) in 'IIT Delhi', yeah I want to stress on the intern part because that was a hell of task for us. The title of our dissertation still scares the hell out of me. The pic below will justify it.

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