G C Lichtenberg: “It is as if our languages were confounded: when we want a thought, they bring us a word; when we ask for a word, they give us a dash; and when we expect a dash, there comes a piece of bawdy.”
Albert Einstein: “I am content in my later years. I have kept my good humor and take neither myself nor the next person seriously.” (To P. Moos, March 30, 1950. Einstein Archives 60-587)
Martin Amis: “Gogol is funny, Tolstoy in his merciless clarity is funny, and Dostoyevsky, funnily enough, is very funny indeed; moreover, the final generation of Russian literature, before it was destroyed by Lenin and Stalin, remained emphatically comic — Bunin, Bely, Bulgakov, Zamyatin. The novel is comic because life is comic (until the inevitable tragedy of the fifth act);...”
Werner Herzog: “We are surrounded by worn-out, banal, useless and exhausted images, limping and dragging themselves behind the rest of our cultural evolution.”
John Gray: "Unlike Schopenhauer, who lamented the human lot, Leopardi believed that the best response to life is laughter. What fascinated Schopenhauer, along with many later writers, was Leopardi’s insistence that illusion is necessary to human happiness."
Justin E.H. Smith: “One should of course take seriously serious efforts to improve society. But when these efforts fail, in whole or in part, it is only humor that offers redemption. So far, human expectations have always been strained, and have always come, give or take a bit, to nothing. In this respect reality itself has the form of a joke, and humor the force of truth.”
विलास सारंग: "… इ. स. 1000 नंतर ज्या प्रकारची संस्कृती रुढ झाली , त्यामध्ये साधारणत्व व विश्वात्मकता हे गुण प्राय: लुप्त झाले...आपली संस्कृती अकाली विश्वात्मक साधारणतेला मुकली आहे."
Tuesday, May 11, 2010
Mr. Goenka, May I suggest Animal Spirits?
"TO UNDERSTAND HOW economies work and how we can manage them and prosper, we must pay attention to the thought patterns that animate people’s ideas and feelings, their animal spirits. We will never really understand important economic events unless we confront the fact that their causes are largely mental in nature. \
It is unfortunate that most economists and business writers apparently do not seem to appreciate this and thus often fall back on the most tortured and artificial interpretations of economic events. They assume that variations in individual feelings, impressions, and passions do not matter in the aggregate and that economic events are driven by inscrutable technical factors or erratic government action. In fact, as we shall discover in this book, the origins of these events are quite familiar and are found in our own everyday thinking..." ('Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism')
Harsh Goenka, the chairman, RPG Group, writes in The Times of India April 29 2010:
"IPL Franchise: High on hype, low on returns...As the dotcom bust has shown us in the past, a manic obsession with valuation is dangerous. IPL is an innovation that deserves every bit of the applause it’s getting from the people of India. It is indeed a product of New India. But greed, and short-term profit motives are hazardous in any business. And cricket is no exception."
"...When the likes of Mukesh Ambani and Vijay Mallya forked out in excess of $111 million (Rs 500 crore) for the Mumbai and Bangalore teams, respectively, what were they getting in return? At the time, IPL was an untested model. Franchisees were essentially buying the branding and participation licences for teams based in their city, with a promise of profitability sometime in the future...But whichever way you look at it, apart from UB group no other corporate owner is extracting significant branding. Reliance is not the face of Mumbai Indians..."
Like a business school case study, Mr. Goenka gives us tables and worksheets to work with. Even a dreaded DCF makes an appearance.
I wonder if TOI's website carries Mr. Goenka's worksheet for us to download!
But has Mr. Goenka slotted in his worksheet the joy of Ms.Ambani captured in the picture below?
Nita Ambani celebrates as she is lifted by Harbhajan Singh of the Mumbai Indians after defeating the Challengers during the 2010 DLF Indian Premier League T20 semi final match between Mumbai Indians and Royal Challengers Bangalore played at DY Patil Stadium on April 21, 2010 in Navi Mumbai, India.
courtesy: Getty Images