Random thoughts
1. Recently read an article in Business Line/ ET which talks about what investor's strategy should be in these tough market conditions. The crux of the article is "If you have held on till now, hold on for some more time". While holding on for now may be a right choice, i find the logic provided for holding on, slightly wierd. By this logic, we should probably never quit the market and hope that our patience would prove good someday. Markets are dynamic and a static strategy such as this is dangerous. Evaluate opportunities and risks given the current market scenario and dont fear to book losses
2. If an IIT-an has a dream of doing an MBA and ultimately wanting to work in an financial institution, why study in IIT in the first place. Why not do an undergraduation in commerce/ economics and familiarize yourself with necessary evils like P&L, Balance Sheet and Cash Flows??
3. Hmmm now about my workplace - IFC is a very interesting workplace with some fundamental contradictions when compared to a usual financial institution. IFC is a financial institution with profits not being the only motive, manages to do great work without placing target pressure on its employees, does not believe in participating in a deal if it feels that it has no role to play apart from just providing money. In fact the day IFC goes out of business, is the day when it has truly achieved its goals. My exposure and experience has been great so far..
4. Reading the blogs of most of the current students at ISB. I am reminded about the movie Gladiator, where people watch the fights/ death match from the sidelines. I am glad that i have graduated to being a spectator and am no more a gladiator.
