Category: arbit

Of Pepsi and Perk

Can be best described by looking at the “objects” that defined our bets at different points in time. Most of those  phases seem to have faded away, but I clearly remember two of them – the Pepsi phase and the Perk phase.

The Pepsi era started with their “nothing official about it” campaign during the 1996 World Cup. It was a brilliant campaign, and had all of us 13yearolds hooked. This became our excuse for any little crimes we would commit (like i would hit someone and say “nothing official about it”). I’m not sure if we used it as an excuse for larger crimes, but I suppose we would’ve used it quite regularly as an apology.

Pepsi seemed to have done a good job of identifying itself with this slogan, as soon Pepsi too became our “weapon of choice” when it came to settling bets, and suchlike. This was the period of time when a tiny bottle of Pepsi had just become affordable by saving up on pocket money, and it was put to good use. The unofficial inter-class cricket tournament became “the pepsi cup” – the losing team was supposed to sponsor a bottle of pepsi for each member of the winning team. If my memory serves me right (it usually does), the tournament never got completed.

This phase lasted for almost all of my 9th standard, if I remember right. Maybe it was briefly replaced by other phases, but this was the defining brand of that academic year. All bets were settled with pepsi. Whenever we went out, usually to play cricket, we would refresh ourselves with pepsi. It was the time of life when people had just started courting. Budding couples would go out to have – a Pepsi.

I don’t remember the exact date, but by the time we had moved to 10th, Preity Zinta had struck. With her “thodi si pet pooja”. Perk was the thing now. Considering that a chocolate bar is a much better device for putting blade compared to aerated cola, the number of “couples” also increased. Also, in 10th standard, the number of people going for tuitions increased, and this seemed to cause an increase in the general levels of pocket money.

There were people in my class who would stay in class for lunch break (when everyone else went out to the field) because knew they knew that raiding a certain classmate’s bag would yield them a rich haul of perks (the guy was simultaneously blading some four females, so his stocks always remained high). Then, unlike pepsi, perk could be consumed discreetly. Copious quantities of it were consumed while sitting in class (i used to sit in the first bench so that I could have unhindered view to a certain junior classroom, but  that didn’t stop me from eating perk in class).

I remember that on a certain day in August that year, the shop near the school ran out of Perk stocks. It was the day after rakshabandhan, and given the quantity of unsolicited blade that was happening then, the number of rakhis tied had seen a sudden increase. And that had to be reciprocated – with Perk of course. Some rakhis weren’t acknowledged, which meant that this was probably the only day in more than a month when certain people DIDN’T give Perks to certain other people.

The first four of my five “pursuits” were low-cost (three of those were in school; and even the fourth was before I had drawn my first salary, so you can’t blame me). All four of them put together, I don’t think I spent more than a hundred rupees on blade. This included ten rupees that I had spent on a perk for #1. She had dodged me all day, and by the time I gave it to her at the end of the day, it had melted in my pocket.

I think I should incorporate this scene in one of the movies I’m going to make. Boy chases girl all day, trying to give her a Perk. She skilfully dodges him all day, and evades his offer of Perk. And each time she evades him, he is shown putting the perk back in his pocket. Finally at the end of the day, they meet. It’s time to go – in the distance you can see her father on the bike, waiting to pick her up. And he gives her the perk. She opens it. The perk has melted. And then her heart melts. Ok I must stop now.

Short selling Indian Hotels

I’m writing this post in protest against people who have stupid ideas such as declaring “no blog day” in order to protest against “hatred and terror”. I’m sorry I don’t get the point. I dont’ see how this kind of thing is going to help. And I don’t know how anyone who cares will be bothered by this.And if you don’t like this post, you might want to take some tablets which can cure irony deficiency.

So yesterday morning, after the end of our usual morning meeting at work, I switched on Bloomberg as is my usual practice. After checking on the Nifty, I  opened another window and checked up on Indian Hotels (the Tata group company that owns the Taj chain, among others). The stock was down 15%. Ruthlessly hammered down. By short sellers.

While the Taj Mahal was burning, and our security forces out in full force in order to salvage it, you had ruthless short sellers and market operators who were trying to profit from it by shorting the stock. This smacks of disrespect and needs to be condemned using the strongest words. What the owners and managers of Indian Hotels now need is our support, and you have people who are doing exactly the opposite.

Strong steps need to be taken by the government to improve regulation of markets in order to stop capitalists and monopolists from taking advantage of other people’s troubles. One model we could adopt is what has been seen in the Karachi Stock Exchange, where stock prices are not allowed to go down. This is an excellent step, and can be used to prevent operators from making a fast buck out of someone else’s misery

Be Right Back

BRB. Be right back. I think this has to be the most abused phrase in the history of Instant Messaging. The problem with the phrase is that it gives no indicator of the amount of time that the BRBer will be away. First of all, different people have different horizons when they say “right back”. It could range from as short as a pee break to as long as a two hour meeting. In certain cases, the person doesn’t reappear at all.

Then there are people who are plain insincere. When they don’t know how to wriggle out of a conversation and they have someone else to do, they just “brb”. And thus end up keeping the other person waiting endlessly. Just think about it – it’s so much easier to get out of a conversation with just these 3 letters rather than wasting 2-3 sentences in explaining to the other person why you’ve to go away. Here, there are no formal goodbyes. No greetings. Just a BRB.

In the last couple of months, I’ve been trying hard to make an attempt to minimize use of this phrase, or at least minimize the misuse. If I know the length of time for which I’ll be away, I’ll give the counterparty an idea about that. If I don’t have a good idea of the amount of time my distraction will take, I usually tell the counterparty what my distraction is. I sometimes instinctively say “brb” and then follow it up with the time or the activity. Examples – “brb phone” (the counterparty knows this can take from a minute to a few hours) or “brb leak” (here the counterparty knows i won’t be gone for more than a couple of minutes) or “brb dinner”.

In the larger interest of humanity, I request you people also to suitably modify your usage of this term. “Be right back” is meaningless today. Do something like what I do. Qualify your absences. It’s going to go a long way in reducing the total amount of time wasted by the world in waiting for the counterparty to be returning to the conversation. At this moment, if i were taking an interview for a consulting job, I’d ask the candidate to estimate this amount of time.

So what did Sven-Goran Eriksson tell captain David Beckham in the group match against Trinidad and Tobago when the injured Jamie Carragher was replaced by Aaron Lennon?

Be Right Back.

Pee-ball Wizard

I conceived this game around two o’clock this afternoon. It was during one of my several bio-breaks that I usually take during a hard day’s work. The amount of work done is directly proportional to the volume of fluid that passes through my system, and given the rate at which both input and output happened today, it seemed like i did a lot of work.

This is a very gross post. If you think you are going to get grossed out, read no further. And for your sake, let me put the rest of the post under the fold.

Continue reading “Pee-ball Wizard”

Community and age of marriage

I’ll be 26 within two weeks time. In fact, if you go by the Hindu calendar (which sacrifices short-term accuracy for long-term precision) I’m already 26. One question people constantly ask me when I bump into them is about when I plan to get married. Most of my friends also belong to the same approximate age group. When we meet up, discussion frequently veers towards “market entry”. About the arranged marriage market.

One common thread of discussion is “you belong to XXX community. you should’ve already fathered two kids by this age” or “you belong to YYY community. it’s ok even if you don’t get married for another six years”. Which makes me wonder why people from different castes and communities get married at different ages.

The Hindu scriptures divide a man’s life into four stages. At the end of the first quarter, which is brahmacharya, the boy is supposed to get married, and become a gRhasta. This division of life into four quarters in the Hindu scriptures is a clear indication that our ancestors knew about the Quarter Life Crisis so long ago. And they has prescribed a simple antidote to it – marriage. Yes, I admit that different people would feel the QLC at slightly different ages, leading to a small variation in marriage age. However, there seems to be no reason as to why this should depend upon one’s caste.

For one to get married, one needs to earn enough in order to support a partner and still lead a fairly comfortable life. Typically, you won’t want a quality of life that is much inferior to what you were leading at your parents’ place, before you moved out. When you are still a bachelor, you might be willing to accept a lower quality of life in order to maybe further your career. However, by the time you get married, you want to be closer to the quality you were used to in childhood.

We need to remember that the caste system was initially intended to divide people based on their occupation. Thus, it is fair to assume that even fifty to seventy years back, when most people more or less “lived within their caste”, people from similar castes were likely to take up similar kind of careers. Some would choose to join the family business, others would go out to set up their own business, a few others would join the government, and some others would join the army, and so on.

You need to notice that each kind of occupation promises its own kind of cash flows, and so in each of these types of professions, you take a varying amount of time in order to reach the standard of living of your parents.

If you observe, in most parts of India, the people who get married the youngest are typically people who belong to Lala communities. Once you choose to become a Lala, you forego an income, and live on pocket money. And it’s your family which decides how much pocket money you get, and typically your father and uncles and so on won’t want you to live an inferior life to theirs. And so your standard of living is always equal to that of your parents’. And you get married quickly.

Then you have people who work for a salary. If you look back, back in the 50’s and 60’s, the only employer (there wasn’t much of a choice in this) was the government. And irrespective of what degrees you had, or what colleges you went to, you were subject to a pay scale based on number of years in the job. And your salary would typically start off obscenely low. And it would take ages for you to reach the standard of living of your parents.

So that explains it. I know I haven’t taken any data points in between, but I suppose it shouldn’t be too tough. Lalas always live at the same standard as their families, and are thus eligible to marry the earliest. People working for salaries had no choice. They had to wait till the sarkar paid them enough to reach the same standard of living as their parents. And they married really late.

It is all because of Nehruvian socialism, I tell you. In case India was more capitalist back then, more people would’ve gotten rich enough to marry sooner. And this caste-based distinction in age of marriage wouldn’t have existed.

So the next time someone brings up some caste or community related stuff when encouraging or discouraging you to get married, tell them that it is all Nehru’s fault. Talk to them about our great scriptures, and their recognition of the Quarter Life Crisis. Argue from the point of view of your own QLC so as to conveniently hasten or postpone marriage. I’m sure that the scriptures, properly invoked, won’t fail you.

Bangalore Trip

So I went to Bangalore on Thursday. And returned yesterday afternoon. It was a fairly eventful trip – just that most of the events that took place during the trip were planned. There weren’t too many surprises – either positive or negative, and this lack of volatility meant that it was a good trip overall.

I had ended my last post hoping that my bike would start. And start it did, dutifully. Unfortunately, it was to tell Jai later during the day, when it abruptly stopped somewhere in Gandhibazaar market. It was quite hot and I had to push it around a fair distance to find a garage that was open in order to get it repaired.

The thing with automobile repair shops is that most of them are owned by Muslims, and thus have their weekly holiday on Friday. While it might be convenient in normal times since you can leave your bike for service on a Sunday, it can be death when your bike breaks down on Friday afternoon. I had to go past two or three closed auto repair shops that day before I found a “Sowmya bike point” where my spark plug got replaced.

Two of my three breakfasts were consumed at Darshinis. Actually, on Friday, I had my breakfast in three installments. Saturday was the usual Masala Dosa at the Adigas in Jayanagar 4th block. Dinner on Saturday was at Shiok, the first time I was visiting it at the new location. The food, as usual, was excellent. One extremely under-rated starter at Shiok is Choo Chee Potatoes. I strongly recommend you to try it out the next time. I left the choice of my drink to Madhu Menon, and he recommended some pink stuff for me.

I met Baada, Harithekid and PGK at Shiok. I was meeting PGK for the first time. I was already a bit disoriented when I had arrived at Shiok (my head had gone blank a couple of times earlier that day, leading me to take an auto to Shiok rather than putting bike), and combine that with the pink drink and I think I’ve forgotten what PGK looks like. All I remember is that he too had a pink drink – which was different from mine.

I managed to submit address change requests at most of the places I had intended to. I went to SBI and Karnataka Bank, and extended my fixed deposits – taking advantage of the insanely high prevailing rates. I visited one aunt for dinner on Friday, and another for lunch on Saturday.

The only time during the entire trip that I was consumed by NED was when I went to inspect my house in Bangalore. It was after a gap of almost ten years that I was seeing the house empty. It was at that moment I think – three months after I moved to Gurgaon – that it hit me that I don’t live in Bangalore any more. And that I don’t intend to return for a while. It took a maddening auto drive to Shiok to cure me of this bout of NED.

Friday evening was spent in the cantonment area, though I regret to inform you that I visited neither of MG Road and Brigade road. I met Udupa and Woreshtmax Vishnu for tea at Koshy’s, and on either side of tea, raided the Premier Bookshop. Unfortunately, I forgot to take pics as I had planned. The only picture of Premier that I now have is the one taken with Neha Jain’s wrist that appeared in the ToI on 26th July 2004 (I don’t have a scanned copy; a few hard copies of the clipping are there somewhere in my house in Jayanagar in Bangalore).

I spent all my coupons, and Shamanth’s coupons also. I still have Lakshana’s coupon with me, and I intend to mail it to her. Here is what I bought:

  • The Human Zoo  – Desmond Morris
  • The Selfish Gene – Richard Dawkins
  • An artist and a mathematician (a book about the fictional mathematician Nicholas Bourbaki; forgot the author)
  • India: A History – John Keay
  • Longitude
  • The Stuff of Thought – Steven Pinker

Once again, thanks to all those who recommended books to me. Unfortunately, a large number of those were not available at Premier. i’ll probably order them from Rediff Books once I’ve whittled down my have-and-unread list.

Extending the studs and fighters theory

In a seminal post written over a year back, I had classified people into two, based on their working styles. I had called them “studs” and “fighters”. Studs, I had argued were people who had the knack of finding the easy way out. Who liked to work around corners, and find short cuts. And who would try to do things in as efficient a manner as possible.

Fighters, on the other hand, were supposed to be extremely meticulous, and process-oriented, and extremely hardworking. They would make up for their lack of natural talent by way of sheer hard work, and would be extremely determined in order to achieve their goals.

Today, thanks to a shared item on Google Reader by JP, I came across this article in The New Yorker. It talks about how humans get insights. The article talks about the process, or the lack of it, that leads to people getting insights. A large part of the article is a bit technical, and talks about a lot of biology. But if you can navigate through that, it offers a lot of insights on what goes into insights, and what might be needed in order to think in this sort of manner.

One major idea that is presented in this article is that insights are usually developed by the right half of the brain (for right-handed people), while most process-oriented stuff and calculation takes place in the left half. The article argues that in order to leave ourselves open to more insight, we need to take care not to focus too much of the problem. It also explains that you are likely to get your insights when you are least expecting them, such as when you are playing table tennis.

Ok, so going forward on these two lines of thought, I argue that “studs” and “fighters” can be extended to learning styles rather than as just working styles. It is the way in which the two categories of people understand things. Studs, I believe, are the people who tend to get most of their understanding by way of insights. People who are unable to put a finger on the process by which they learn a particular thing. Because of this, their thought is so unstructured that it is difficult for them to precisely and correctly follow processes.

Fighters, on the other hand, get their understanding incrementally, by following a process. They build up their understanding bit by bit. Slowly but surely. They are inherently left-brained people, and because their learning style is so processed and orderly, they thrive in orderly environments. Where all you need to do is to come together and go through a process. They are willing to work hard. They don’t mind if what they are doing is not insightful (partly because they experience insights so rarely). And thus lead low-volatility lives.

One other important insight from this article is that you are not consigned to a career in liberal arts or related fields if you are a right-brained person, as a number of people would like to convince you. Popular belief is that people who are good at math are inherently left-brained, and those good at languages are inherently right-brained. And that the paths for these people are disjoint. And they should stick to what they are good at.

However, what you might want to infer from this article is that all that it means by being right-brained is that you survive on insights. And that you are more likely to be a stud than being a fighter. The old school used to say that engineering is for the left-brained because they saw engineering as being process-oriented. And they saw the liberal arts as being insight-oriented. However, there are enough instances to show that the complementary skill is also important in both kinds of fields. You need studs in engineering, for if everyone would just follow the processes, there wouldn’t be anyone to think out of the box and come up with new stuff. You do need fighters in the arts, for on many occasions it’s a sheer execution game.

In any case, I would advise you to go read the article. It’s longish, but offers important insights. And if you think you are an insight-driven person, as I think I am, it might help to show this article to your bosses, and explain to them that making you focus may not exactly be the best thing to do in the interest of the firm.

On Cooking

For a little over a month, I’ve been living alone. And since Gurgaon doesn’t offer terrific variety of options in terms of cuisine, I’ve been cooking. Actually, I’ve been having a combination of cuisines every day – breakfast is continental (cereal with milk), lunch is north indian (eat it at the office cafeteria) and dinner at home is south indian. This arrangement will last for a couple of weeks, after which my mother will be joining me here.

I’ve often received queries as to how I can find so much time to cook. Others say that time can be managed, but how I can find the enthu to cook. A fwe others advise me to not bother with this and to employ a cook. The reason I don’t take the last bit of advice is because I’m usually fussy about what I eat. And then, one month of Gurgaon meant that I was bored of North Indian food, and needed something else for dinner (and how many cooks can you find in Gurgaon who can cook something else?). There is one really good South Indian restaurant here, but I can’t keep going there everyday, can I?

What I do in order to get the time and enthu to cook is to employ concepts such as economies of scale and law of conservation of willpower. I’ve talked about the former two posts back, when I gave a possible reason for only South India having a well-defined breakfast cuisine. The latter can be found in a NY Times article written in april which I’ve linked to several times from here, and now don’t have the enthu to find the link.

The basic unit of South Indian cooking is rice. It is extremely easy to make, and requires you to spend not more than a sum total of five minutes in the kitchen. Hence, it can be easily prepared in the evening following a long and tiring day at work. the next most important item, curd, can be purchased off the shelf. I have pickles which I’d ordered from Sri Vidyabharathi Home Products in SringerI (blogged about it but too lazy to put link). However, rice, curd and pickles doesn’t make a complete meal. You also need sambar or rasam to go with that. And making that is a non-trivial process.

This is where economies of scale comes in. The amount of effort to make five litres of Sambar is only marginally greater than the amount of time taken to make 1 litre (you need to cut more vegetables). My fridge works quite well, and Sambar or Rasam, when stored the right way, can last for about two weeks. So you know what is to be done (actually my grad student friends in the US tell me that this is what they’ve been practicing for ages). Whenever you get the enthu to cook (we’ll come to this in a bit), you make enough to last a week. Only thing is that you shouldn’t have qualms about eating stuff that has been inside a fridge (if you are a strict observer of the maDi-mYlge-musare-enjil practices, you may not be willing to do this).

Speaking of enthu, this is where the law of conservation of willpower comes in. Cooking is a fairly mechanical process, and there isn’t any scope for creativity, especially if you are making “vanilla” products such as rice, rasam, sambar and curry. Hence, for someone like me who is more idea-oriented and not  execution-oriented, it can consume a lot of willpower. One attempt at cooking can be quite exhausting. So you better make sure you don’t spend all the energy that you get from eating in cooking the next meal.

My policy so far has been that I shouldn’t do any kind of major cooking more than once a day. By major cooking, I talk about processes that take more than 10 minutes of kitchen time (this excludes making rice, heating stuff, etc.) .I broke that rule today, and have ended up totally tired. However, as long as  I follow that rule, I know that sometime or the ohter i’m going to feel enthu and go into the kitchen. This wya, I dont’ end up spending too much will power when im in the kitchen. And I get to eat good food every day.

An old delta hedge

I learnt finance only in 2005. It was around that time that I first came across the concept of delta hedging. However, I now realize that unknown to me, I had indeed used this concept to great effect in 1999.

That was the year when I had started preparing for the JEE. I had joined BASE, the best JEE factory in Bangalore. I was having a hard time since I hadn’t studied one bit in all of 11th standard when my friends had dilgently solved Irodov and other books. I had missed one whole month of prime summer holiday JEE prep thanks to the Math Olympiad Training Camp. I knew I needed to be focused. I knew I didn’t want to be distracted. However, I also knew that I would be under tremendous pressure for a year, and any means of easing a bit would be welcome.

During our monthly counselling sessions at BASE, the Director would call for us to create angst. “You need to have the fire in the belly”, he used to say. “And be able to channel it in the right direction in order to fuel your effort. Without fire in the belly, nothing can be done”

I must mention here that this was one of those unintended consequences things. I didn’t plan out this delta hedge. I realized the hedge only in hindsight. I had just followed my instinct in doing what I eventually did. Looking back 9 years down the line, I think it was a fair idea. Only, that like in everything else that I do, the implementation was horrible. Nevertheless, I think the learnings from this are going to be useful, and are going to have a net positive impact on society.

I put blade like naayi on a classmate, who is perhaps the most brilliant woman I’ve ever known. She was a good friend back then, at the point of time when I started the blading process. As you might have come to expect of me, I did a pretty horrible job. Disaster would be an understatement. It was depressing. I lost many nights of sleep to this. If I were less informed, I would’ve classified it as a blunder.

If you noticed, I had slipped in a little para where I mentioned the need for creating fire in the belly. This failed blade would fire it. This failed blading attempt would provide the angst, which I could channel in the right direction if I so wished. This failed blading attempt would make me angry, would make me upset, and would help me focus on my goals. And the sleepless nights this failed blading attempt gave me – I used them for mugging for the JEE.

I don’t know if I’ve told this particular bladee about it (I probably have), but I’ve always internally dedicated my success in the JEE to her.

However, this story was not to end happily. The delta was hedged, but the gamma would come back to bite me at a later date. The angst and the anger and the pain was fine when I needed them, but now (after I joined IIT) that I didn’t, it led to NED. Terrible NED. This would go on to be one of the biggest causes of NED during my life at IIT. As Shah Rukh Khan says in Baazigar, “kuch khaane ke liye kuch pona bhi paDta hai”.