Showing posts with label Life. Show all posts
Showing posts with label Life. Show all posts

Friday, December 11, 2009

Kilimanjaro, Serengeti and onwards

Apologies for the tardiness in postings from the great beyond. Life has been a bit busier than usual, although I took just one Advanced Finance elective this Fall trimester in addition to a block week on Corporate Turnarounds. The courses had both highs and lows, but all in all I like the block week format – one week, one elective, done! In the meanwhile, I interviewed with Morgan Stanley and had an invite to speak with Credit Suisse, but they way things were going, I decided to sign with Nomura. Additionally, a fellow LBS'er and I will be doing our 2nd year project with PE firm Warburg Pincus.

On the life front, I spent a few rejuvenating days in Boston for Thanksgiving, met up with old friends, walked my two favorite dogs, had roast duck instead of turkey for T'day dinner and went to a Celtics game. I'm almost through every past season of the Simpsons. On the books front, I'm reading Guns, Germs and Steel (which I should have read eons ago) – it's a fantastic treatise on why history evolved in the way it has. Most people point to the Renaissance and subsequent colonialization as being the root-causes for the way the world has turned out today, development-wise. They flippantly ascribe the ascendancy of the west to a suite of reasons that are easy to rationalize. But the truth is more complex than this.

Tomorrow, I leave for Tanzania with eight other LBS'ers – we're climbing Kilimanjaro – a 7-day semi-ordeal along the Machame Trail and then going on Safari in the Serengeti for a few days. Then onwards to Mumbai for me, where I'll see the extended fam. I will blog more about the climb on return. In the meanwhile, here is what's on my reading list (courtesy of James Montier). I doubt I'll get through all the books on the list by July.


Investment 101 -The classics

‘Security Analysis’ by Ben Graham and David Dodd (The sixth edition)

Chapter 12 of ‘The General Theory of Employment, Interest and Money’ by John Maynard Keynes

‘Theory of Investment Value’ by John Burr Williams

‘Manias, Panics and Crashes’ by Charles Kindelbeger

‘Reminiscences of a Stock Operator’ by Edwin Lefevre

Investment 201

‘Fooling some of the People, All of the Time’ by David Einhorn

‘The Fundamental Index’ by Rob Arnott et al

‘The Investor's Dilemma’ by Louis Lowenstein

‘Financial Shenanigans’ by Howard Schilit

‘Creative Cash Flow Reporting’ by Charles Mulford and Eugene Comiskey

Modern wonders

‘The Little Book That Beats the Market’ by Joel Greenblatt

‘The Little Book of Value Investing’ by Chris Browne

‘Fooled by Randomness’ by Nassim Taleb

‘Contrarian Investment Strategies’ by David Dreman

‘Speculative Contagion’ by Frank Martin

Psychological

‘Robots Rebellion’ by Keith Stanovich

‘Strangers to Ourselves’ by Tim Wilson

How We Know What Isn't So’ by Tom Gilovich

‘The Psychology of Intelligence Analysis’ by Richard Heuer Jnr

‘Predictably Irrational’ by Dan Ariely

‘Mistakes Were Made, But Not by Me’ by Carol Travis and Elliot Aronson

‘Mindset’ by Carol Dweck

Hidden gems

‘Halo Effect’ by Phil Rosenzweig

‘Mindless Eating’ by Brian Wansink

‘The Inefficient Stock Market’ by Robert Haugen

‘The Margin of Safety’ by Seth Klarman

‘Your Money and Your Brain’ by Jason Zweig

‘Better: A Surgeon’s Notes on Performance’ by Atul Gawande

‘Why Smart Executives Fail’ by Sydney Finkelstein

Thursday, September 24, 2009

The south will rise again….

Sometimes you just need trashy celluloid pulp fiction to get you through the daily grind. My new opiate is this HBO show called True Blood. Having missed out on a great deal of HBO since my move to London I'm just catching up.

True Blood has it all – but most importantly it has vampires. The plot is set in sweltering Bon Temps, LA, three years since vampires came "out of the coffin" and entered mainstream society. So now every podunk diner and baccy-selling Hick-E Mart carries Bud, iced-tea and Tru Blood (available in A+ and O-) to quench the thirsts of their varied customers, including those with retractable cuspids. And every televangelist's diatribe is now directed toward the undead, with the GLBT cause having taken a backseat.

The atmospheric Southern Gothic plot meanders at the pace of an airboat on a languid bayou (as opposed to a duck on a junebug) – and one can see overt shout-outs to several influences – Anne Rice novels, Midnight In The Garden Of Good And Evil, Fried Green Tomatoes, Quills and of course Interview With The Vampire.

But what's surprising is how much of a Blue State Louisiana has become since the vampire outings. It's like a Keith Urban video – set south of the Mason-Dixon line, but with clean-cut, well-groomed young-uns who shop from a J.Crew catalog while sipping Double Venti Whatchamacallit Frappucinno's from the local Fourbucks (a place that sells coffee for four bucks). And indeed, the appearance of a Starbucks in a nearby Hicksville gives cause for concern for the owner of the local diner who remarks that maybe its time to "get me one of them there cappuccino machines".

Other harks to being a blue state include – an openly down low brother who is also the town dealer (except he also sells V - vampire blood which makes men harder than Chinese algebra), a gran who encourages her waitress grand-daughter (a very blonde Anna Paquin) to date a vampire, a vampire who drives said date to a vampire bar punnily called 'Fangtasia' in a Beemer 5 series while playing Mongolian throat singing and Dengue Fever over his Alpine sound system, and vampires who lounge around in Buddha-bar like ambiences, wearing uber-chic stuff that came straight from Interpol's glam wardrobe.

All this makes me wonder why the producers are spinning the tale this way – Is it to make it more palatable to their bi-coastal audiences? Or is it to provide a provocative view of what The Confederacy would have looked like, were everyone cool like folks from Athens, GA.

And true to HBO fashion, there is a shrink in the mix, although in the disguised form of an African American woman - the equivalent of Matt Damon in Good Will Hunting. HBO is obsessed with shrinks owing to its belief that every show it produces needs a conscience, an overt sounding board, someone who speaks what everyone is thinking and explains the unexplained (Exhibit A – The Sopranos, In Treatment, Mind Of The Married Man, Tell Me You Love Me).

And yes there is gratuitous sex – gritty gratuitous reality-TV sex, human on human and human on vampire – and innocent virginal Mina Parker being seduced in a fugue cast by worldly wise Mr. Fangs sex.

I don't know why humanity is so obsessed by vampire tales. In my case its clear – it probably has roots in some deep seated childhood experience (Dracula was one of the first books I read at age 9) – or it might be this other vampire tale I read at a later stage in life (The Historian by Elizabeth Kostova).

But if I were to take a gander at our obsession with tales like True Blood, I would say its because these tales have it all – the seduction, the romance, the desire to feel vulnerable, the down-home comfort of everything Southern, the desire to truly become one with the fabric on humanity and another person, the timelessness, the dark but sweet gothic element, the creeping vines and overgrow gardens, the starkness of bright light and the real world, the failings of humanity against which sucking a few pints of blood for sustenance seems a somewhat feeble crime, the questioning of absolute good and absolute evil, the languidness, and the giving in to what your mammy told you not to do, only to find out that it is bliss. Vampire tales are just a cover for what most humans, deep inside, yearn for but are afraid to discover – which is why they tend to evolve and live on, like this one. I'll see all of y'all later!

Friday, September 11, 2009

How I didn’t meet your mother and other things……

So I know it's been a while since I've posted. Partly because my eager readers in Kennett Square, PA, Bracknett and LA don't egg me on to keep posting (yes, I do check google analytics to see who's reading my blog!). And thanks for the readership and emails.

But that's besides the point! On a sunny Friday (for London) afternoon as I stand on my balcony and look at traffic whiz by, an existential question crosses my mind – Why are most London taxis black while the rest span the spectrum from white to crimson to blue to silver? And this existentialism is spurred by the two glasses of Cava that I've just quaffed. Funny how life becomes lucid after a few! The best advice I've given my clients during consulting days was at dinner after a couple bottles of Penfolds '06 Bin 389, including such truisms as "It's not how smart you are that matters, but what you can do!" and "Hope is a particularly bad strategy!"

Oh well, silent jubilation is in order today owing to an offer from Nomura to join them full-time next summer!

In the meanwhile, my second internship with UNITAID has left me a bit wanting – mostly because I wonder if I will walk away with the feeling that I could have made a difference, but I didn't – the one chance I had in my life! To put it in perspective – for the losses that one of the big banks suffered during the economic downturn, one could provide anti-retroviral treatments to anyone in the world who needs it! And this coming from a non-commie, non-tree hugger!

The focus of the work I am doing is (succinctly stated) "Incorporating an agency that would serve as a conduit to effect the price-reduction of HIV/AIDS drugs for use in low- and middle- income countries". SNAFU's abound thus far…..nuff said! Here is an interesting article in The Guardian regarding this -- GlaxoSmithKline urged to pool its patents on HIV drugs.

On other fronts, the bright eyed, bushy tailed MBA2011 class just joined London Business School and its members have been downing pints at The Windsor Castle like old pros in their efforts to fit in. Bravo and welcome!

As for the title of this blog post….I neglected this CBS show for a while, but finally got down to watching the pilot…..and I admit, after checking my brains at the door, the show was a laugh!


Sunday, August 16, 2009

How to feel like a Morlock among other things….

Hi y'all! I've been living under a rock – and daily, the dramatic and vivacious gets squeezed out of me, as I turn into an investment banking simulacrum. Its not as bad as I make it out to be – its just a different ballgame, and different rules apply, and it promises to be interesting, and worthwhile as things evolve. Here is a list of projects I've been working on:

  • LBOs - German tech/services company; a French industrials company; an automotive services company
  • A Nordic telecom restructuring
  • A UK tech acquisition and,
  • A UK gaming/betting financing situation

Not much to report on other things, for good reason! I sometimes do not even have time to go to the bathroom at work, let alone read anything interesting, including say the WSJ or the FT which in itself is strange. I did get a positive mid-term review, which perked me up. Fingers crossed for a full-time offer.

Then again, I was leaving work at 8 PM on Friday, when my staffer told me that I was over the weekend on a middle-eastern telecom situation and a covenant reset scenario. So between working and conference calls at 10 AM on a Sunday, I moved flats – an act which returned me to civilization, at long last. The new flat has a crescent fountain below, which is kinda nice – I have a thing for water/water-bodies. I also bought some bamboo plants which immediately fixed the chi in the flat. And, I like having a gym/pool/sauna within the complex.

The other bit of interesting news is that I may be in Geneva for my second internship – working with a non-profit affiliated with the WHO (the UN org, not the band) on patent pooling and sourcing strategies for low-cost drugs for HIV, tuberculosis and malaria, for deployment in third-world countries through orgs like the Red Cross.

I promise to be more interesting and fun the next time I blog – until then enjoy the comedic stylings of Omid Djalili.

Friday, June 5, 2009

A general thank you to family and friends….

I know that many of you read this blog to keep tabs on whether I'm on the straight and narrow, and as the first year at Business School in London draws to a close, I wanted to thank you for your support over the past year. Its been a tough year on many fronts, the economy, moving to the UK, learning the language they speak here, and figuring out "what next" with life. In the plus column, I managed to get the internship that I really wanted (Nomura/Lehman Investment Banking). I will also being working with humanitarian organization for six weeks, at the end of the summer, likely in Africa. This year I can point to having done the following:

  • See my Boston friends several times
  • See my parents
  • Travel – Bombay, Agra, Delhi, Amsterdam, Dusseldorf, Milan, Siena, Bologna, Florence, Kyoto, Tokyo, Osaka, Kobe, Scotland
  • Climb Ben Nevis – the tallest peak in the UK - next year, Kilimanjaro
  • Shake hands with Ian Davis (McKinsey Managing Director) – hopefully next year I can convince Bono to speak on campus about Social Justice
  • Was within one foot of Rowan Atkinson (Mr. Bean, Blackadder)
  • Make 600 new friends (no really!)
  • Renew old friendships
  • Be in one of my best buddies' Indian wedding
  • Learn a bit of French – next year, Japanese
  • Finally figure out how I think and how I should act to reach my fullest potential – its liberating
  • Help MyBnk, a non-profit that teaches personal finance to underprivileged school-kids to grow while maintaining their values and culture
  • Organize an Art Exhibition, an event that raised funds for an India educational non-profit (Pratham) and the LBS Healthcare Conference

All in all, life is good, but its' all thanks to most of you. You help make it better. More later!

Wednesday, June 3, 2009

London Business School Art Exhibition and a white paper on educational reform…..

I've been MIA for a while. Speaking on MIA, if you like her music, check out Santogold. I've been flying under the radar, having spent a fantastic weekend in Boston, organized the London Business School Crossroads Art Exhibition, taken a macroeconomics exams and finished my organizational behavior audit with MyBnk (a non-profit). BTW If you are into pro-bono for non-profits, I highly recommend these articles:

  • The new landscape for nonprofits. By: Ryan, William P.. Harvard Business Review, Jan/Feb99, Vol. 77 Issue 1, p127-136
  • Organizational lessons for nonprofits. By: Hauser, Jerry. McKinsey Quarterly, 2003 Special Edition Issue 4, p60-69

The art exhibition (sponsored by my summer sugar-daddy, Nomura) was well-attended and the open-air concerts (violin, viola, harp, flute) performed by students from the Royal Academy of Music were simply mind-blowing. We had rented a grand piano, and it was great to hear the quad fill with notes from Rachmaninoff, quite different from the usual corporate buzz-buzz. Dean Andrew Likierman inaugurated the exhibition. This was the best two months that I've spent organizing an extracurricular event. My role was Veep of Sponsorship, and Senior Veep of Jack-of-all-Tradery and Event-managery. Incidentally, I'm doing the same role for the London Business School Healthcare Club, in preparation for the 2009 Healthcare Conference. GSK chief, Andrew Witty will deliver the keynote.

So you may wonder if I ever study, given all my travels and extracurricular involvement. The simple answer is "No". And does that mean that there is a mad scramble and all-nighters before exams? The answer is "Yes". The truth is that, this is what works best for me. And no matter what your study style in B-school, it is relatively easy to get an A, curve notwithstanding. And then again, with grade non-disclosure, often people don't care enough. I just don't agree with most of what is being taught in my Operations and Strategy classes anyways – it is outdated and impractical in the real world. As for Macroeconomics – spend 2 days quality time with a good text book, read the Economist and read whatever Goldman Sachs and McKinsey's chief economists put out, and you're golden.



McKinsey Managing Director Ian Davis on "What society expects from business"

The B-school experience, coupled with the Macroeconomics class, and McKinsey chief Ian Davis's talk, and a question I was asked in a consulting interview "What reform is needed in the educational system, globally?" (I had to spin tales for 45 minutes) prompted some deep thought which I intend to convert to a white paper at some point. But here are the salient points (below). I'd love to hear your opinion on it (email me at sbuxespresso@gmail.com)

1) Professional degrees must be shortened in order to return high-GDP producing individuals to the workforce ASAP. Case in point, doctors, lawyers, MBAs and PhDs. The advanced professional degree educational system is outdated and programs are too long. A combination of self-study, online courses and modular/block weeks, with a greater emphasis on internship time is what's required. Think of your own MBA experience. Wouldn't you rather be out making the big bucks, ahem!, increasing GDP earlier. And, especially for PhDs and doctors, with the internet, data-mining, rapid technology upgrades and better predictive/computational/hypothesis defining/problem-solving tools, it should be easier to get done in 3 years, no more. People entering these degrees are arguably smarter and better informed today than their peers 20-30 years ago, and we aren't futzing around with Bunsen burners and conceptual quarks and anti-quarks as in years gone by. Besides, not only is there an opportunity cost associated with keeping people out of the workforce, there is actual value-destruction, as people lose motivation towards the latter stage of their advanced degrees. Ask any fifth year Theoretical Physics PhD or third year medical resident about regressing motivation. And, think of this point and the next one, especially in the light of women, child-bearing years and glass ceilings. Wouldn't this actually make things easier, or at least give them the option? Would it? I'm asking.

2) Ditto for four-year colleges. Split the four years into modular elements so that students can intersperse longer internship spells in between to really understand what they want to do vocationally. Imagine a four year program, where freshman year is when you are 18 and senior year ends when you turn 25! I started off as an engineer, then biotech startup researcher/product developer, only to find that I wanted to be a strategy consultant, and now I'm going into investment banking. And I'm not atypical. More than 75% of my MBA classmates are career changers, onto career number three. How many of us started wanting to study choral music only to find that we really wanted to do few years later was law or underwater basket-weaving? In the meanwhile we futzed around in school or meandered from job-to-job. In other words don't put the horse before the cart.

3) Instead of useless subjects, teach people the following early on in their educational experience
  1. How to leverage their brains fully? How to deal with failure? How to find happiness? How to deal with metal pressures? There is a huge body of recent research that suggests that we as humans do not fully understand how and why we think a certain way (nature + nurture). Hence books like 'Stumbling on Happiness' and 'The Paradox of Choice'! After all isn't it about life, liberty and the pursuit of happiness? Our mental and emotional map is still very primitive, and lags behind the pressures and pace of post-post-modern lifestyle. The solutions this new research suggests are not your grandma's Freudian lying-on-your-shrinks-couch bullshit, but solutions grounded real facts based on fool-proof experiments, double-blinds, cross-referenced with MRI/CT scan data. Don't we want everyone to live richer, fuller lives? And bonus - from a capitalistic perspective this understanding helps sell stuff and from a welfare perspective it helps solve problems (Read 'The Tipping Point', 'Freakonomics', 'Supercrunchers', 'Fooled by Randomness' for evidence).
  2. How to interact with people, empathize, connect and collaborate. Friction between humans and the inability to snap together like LEGOs and work cohesively are will be the most significant value-destroyers in upcoming years within any organization. See Ian Davis's view on this. How many times do you wish you had insight into a difficult co-worker's mind? Why should good interpersonal skills only be the forte of salespeople and schmoozers? How much does this affect the potential of people who are unable to overcome their social awkwardness? What, are we living in the stone-age, where lousy interpersonal skills impact both individuals and corporate/citizenry well-being? (Read 'Extraordinary Relationships', 'Fierce Conversations').
  3. How to find the right mate? Even as it is, one could argue that divorce is a welfare value-destroyer. It is as welcome as a root-canal. And it is definitely an economic value destroyer. Think of alimony or child-support as transfer payments (most feminists and child-advocates would love to scourge me for this). And, not being able to understand what a potential partner would want, defers the mating process (not sex, but confluence), potentially reducing individual happiness (not the happiness associated with a stable partnership, but not being able to fully focus on what makes the individual happy regardless of the relationship). And, ask any joint-tax-return-filing married couple. Less tax equals more savings or consumption which equals more growth of national capital stock which equals more GDP and welfare growth.
  4. Teach people how to learn, think and evolve vocationally. This is especially important for developed countries with offshoring and outsourcing. Case in point, Adam Smith vs. theory of comparative advantage. Help people learn to evolve and develop new vocational skills. I have been lucky to have "learned to learn" and to evolve from engineer to researcher to consultant to banker. But this should not be the privilege of a few. Teach the masses to fish…..
  5. Teach people to learn to become efficient and drive local Leaness. Everyone on this planet simply needs to learn to live Lean. Lean is not just for making cars, but as the population grows and people in emerging countries learn to consume more, we need to understand how to eliminate waste and conserve resources. Plus, one of the biggest reasons that jobs flow out rapidly from one country to another is loss of productivity. And the reasons why companies like GM go bankrupt is because people aren't thinking daily "How can I make my environment more efficient and less wasteful?" (Read 'Lean Thinking' by Womack and Jones). Also training is passé. Its important for both managers and leaders to be able to coach their reports. (Read 'The Coaching Revolution').
  6. Similarly teach people fiscal and personal finance concepts much earlier in life. The reasons are self-evident.
  7. Obviously, none of this can be forced down the citizenry's collective throat, given the personal nature of issues at hand, the issue of free will, and given that no government or educational system should be as totalitarian. I suggest a gentler kinder approach where the people are made aware of what they are missing out on and why this is important. Most rational human beings will see the value in this.

Well, that's enough pontificating for now. I need to get cracking on my Corporate Markets and Finance final. And then on to reading, 'Damodaran on Valuation' in preparation for my Nomura summer internship. More later!

Excerpt from McKinsey's Ian Davis: Maximizing Shareholder Value Doesn't Cut It Anymore Published : November 01, 2006 in Knowledge@Wharton

……..Fourth on executives' minds is organizational capability. Talent is only one component of capability. "If talent is not trained or relevant to the task at hand," it won't have an impact, he said. Capability comes in many forms: emotional, psychological and intellectual. Sometimes even physical capability is important in business. "Intellectual can be dominant, but often human capability, like the emotional stability to deal with stress, can, in certain circumstances, be crucial."

In most companies, talent is misdirected close to 70% of the time, according to Davis. Often the mismatch between an employee's capabilities and his or her assignment is most obvious from the CEO's vantage point. One CEO told Davis that his main job -- his definition of strategy -- is matching managers' capabilities to the work that needs to be done.

Davis was asked how companies should balance matching individual capabilities with specific tasks, and still be able to develop management talent when new challenges arise that might be beyond an employee's capabilities. He said it is possible to do if top executives have a clear strategic view of what they need and a sense of the people who could ultimately fill senior leadership roles. Then top management should be prepared to invest in those people and tolerate some mistakes.

Business today, he said, is unwilling to accept any degree of failure, even small mistakes that might help future leaders avoid catastrophes in the long run. "We're in a culture that says, 'If you fail, you're gone.'" He argued that most people learn more from their mistakes than their successes. Often CEOs are fired for a mistake, just as they are becoming strong and wise executives. "It's tragic," said Davis. "My general experience is that if you have highly capable, motivated people in the right place, most other problems go away."

The "Usual Suspects"

How do these themes bear on leadership?

Davis said one word captures what is necessary: diplomacy. He defined diplomacy in the business context as "the ability to influence events through the force of personal and moral character.... I think business, NGOs (non-government organizations) and public sector leaders are all going to have to learn the useful skills of diplomacy to explain in a positive way what they do and why they do it."

……..Davis stressed that the issues he focused on in his speech go beyond the "usual suspects" of CEO concerns -- such as costs, corporate structure, customer relationships and strategy. "These subjects matter a lot, but they're starters. You've got to get them right." Even companies that do get the "usual suspects" right don't necessarily thrive, he said. To differentiate themselves in the future, companies will need to build strategies taking into account the larger themes of society and government.

Monday, May 4, 2009

NY Times on God.....

May 3, 2009, 10:00 pm

God Talk

In the opening sentence of the last chapter of his new book, “Reason, Faith and Revolution,” the British critic Terry Eagleton asks, “Why are the most unlikely people, including myself, suddenly talking about God?” His answer, elaborated in prose that is alternately witty, scabrous and angry, is that the other candidates for guidance — science, reason, liberalism, capitalism — just don’t deliver what is ultimately needed. “What other symbolic form,” he queries, “has managed to forge such direct links between the most universal and absolute of truths and the everyday practices of countless millions of men and women?”

Eagleton acknowledges that the links forged are not always benign — many terrible things have been done in religion’s name — but at least religion is trying for something more than local satisfactions, for its “subject is nothing less than the nature and destiny of humanity itself, in relation to what it takes to be its transcendent source of life.” And it is only that great subject, and the aspirations it generates, that can lead, Eagleton insists, to “a radical transformation of what we say and do.”

The other projects, he concedes, provide various comforts and pleasures, but they are finally superficial and tend to the perpetuation of the status quo rather than to meaningful change: “A society of packaged fulfillment, administered desire, managerialized politics and consumerist economics is unlikely to cut to the depth where theological questions can ever be properly raised.”

By theological questions, Eagleton means questions like, “Why is there anything in the first place?”, “Why what we do have is actually intelligible to us?” and “Where do our notions of explanation, regularity and intelligibility come from?”

The fact that science, liberal rationalism and economic calculation can not ask — never mind answer — such questions should not be held against them, for that is not what they do.

And, conversely, the fact that religion and theology cannot provide a technology for explaining how the material world works should not be held against them, either, for that is not what they do. When Christopher Hitchens declares that given the emergence of “the telescope and the microscope” religion “no longer offers an explanation of anything important,” Eagleton replies, “But Christianity was never meant to be an explanation of anything in the first place. It’s rather like saying that thanks to the electric toaster we can forget about Chekhov.”

Eagleton likes this turn of speech, and he has recourse to it often when making the same point: “[B]elieving that religion is a botched attempt to explain the world . . . is like seeing ballet as a botched attempt to run for a bus.” Running for a bus is a focused empirical act and the steps you take are instrumental to its end. The positions one assumes in ballet have no such end; they are after something else, and that something doesn’t yield to the usual forms of measurement. Religion, Eagleton is saying, is like ballet (and Chekhov); it’s after something else.

After what? Eagleton, of course, does not tell us, except in the most general terms: “The coming kingdom of God, a condition of justice, fellowship, and self-fulfillment far beyond anything that might normally be considered possible or even desirable in the more well-heeled quarters of Oxford and Washington.” Such a condition would not be desirable in Oxford and Washington because, according to Eagleton, the inhabitants of those places are complacently in bondage to the false idols of wealth, power and progress. That is, they feel little of the tragedy and pain of the human condition, but instead “adopt some bright-eyed superstition such as the dream of untrammeled human progress” and put their baseless “trust in the efficacy of a spot of social engineering here and a dose of liberal enlightenment there.”

Progress, liberalism and enlightenment — these are the watchwords of those, like Hitchens, who believe that in a modern world, religion has nothing to offer us. Don’t we discover cures for diseases every day? Doesn’t technology continually extend our powers and offer the promise of mastering nature? Who needs an outmoded, left-over medieval superstition?

Eagleton punctures the complacency of these questions when he turns the tables and applies the label of “superstition” to the idea of progress. It is a superstition — an idol or “a belief not logically related to a course of events” (American Heritage Dictionary) — because it is blind to what is now done in its name: “The language of enlightenment has been hijacked in the name of corporate greed, the police state, a politically compromised science, and a permanent war economy,” all in the service, Eagleton contends, of an empty suburbanism that produces ever more things without any care as to whether or not the things produced have true value.

And as for the vaunted triumph of liberalism, what about “the misery wreaked by racism and sexism, the sordid history of colonialism and imperialism, the generation of poverty and famine”? Only by ignoring all this and much more can the claim of human progress at the end of history be maintained: “If ever there was a pious myth and a piece of credulous superstition, it is the liberal-rationalist belief that, a few hiccups apart, we are all steadily en route to a finer world.”

That kind of belief will have little use for a creed that has at its center “one who spoke up for love and justice and was done to death for his pains.” No wonder “Ditchkins” — Eagleton’s contemptuous amalgam of Hitchens and Richard Dawkins, perhaps with a sidelong glance at Luke 6:39, “Can the blind lead the blind? Shall they not both fall into the ditch?” — seems incapable of responding to “the kind of commitment made manifest by a human being at the end of his tether, foundering in darkness, pain, and bewilderment, who nevertheless remains faithful to the promise of a transformative love.”

You won’t be interested in any such promise, you won’t see the point of clinging to it, if you think that “apart from the odd, stubbornly lingering spot of barbarism here and there, history on the whole is still steadily on the up,” if you think that “not only is the salvation of the human species possible but that contrary to all we read in the newspapers, it has in principle already taken place.” How, Eagleton asks, can a civilization “which regards itself as pretty well self-sufficient” see any point in or need of “faith or hope”?

“Self-sufficient” gets to the heart of what Eagleton sees as wrong with the “brittle triumphalism” of liberal rationalism and its ideology of science. From the perspective of a theistic religion, the cardinal error is the claim of the creature to be “self-originating”: “Self-authorship,” Eagleton proclaims, “is the bourgeois fantasy par excellence,” and he could have cited in support the words of that great bourgeois villain, Milton’s Satan, who, upon being reminded that he was created by another, retorts , “[W]ho saw/ When this creation was…?/ We know no time when we were not as now/Know none before us, self-begot, self-raised” (Paradise Lost, V, 856-860).That is, we created ourselves (although how there can be agency before there is being and therefore an agent is not explained), and if we are able to do that, why can’t we just keep on going and pull progress and eventual perfection out of our own entrails?

That is where science and reason come in. Science, says Eagleton, “does not start far back enough”; it can run its operations, but it can’t tell you what they ultimately mean or provide a corrective to its own excesses. Likewise, reason is “too skin deep a creed to tackle what is at stake”; its laws — the laws of entailment and evidence — cannot get going without some substantive proposition from which they proceed but which they cannot contain; reason is a non-starter in the absence of an a prior specification of what is real and important, and where is that going to come from? Only from some kind of faith.

“Ditchkins,” Eagleton observes, cannot ground his belief “in the value of individual freedom” in scientific observation. It is for him an article of faith, and once in place, it generates facts and reasons and judgments of right and wrong. “Faith and knowledge,” Eagleton concludes, are not antithetical but “interwoven.” You can’t have one without the other, despite the Satanic claim that you can go it alone by applying your own independent intellect to an unmediated reality: “All reasoning is conducted within the ambit of some sort of faith, attraction, inclination, orientation, predisposition, or prior commitment.” Meaning, value and truth are not “reducible to the facts themselves, in the sense of being ineluctably motivated by a bare account of them.” Which is to say that there is no such thing as a bare account of them. (Here, as many have noted, is where religion and postmodernism meet.)

If this is so, the basis for what Eagleton calls “the rejection of religion on the cheap” by contrasting its unsupported (except by faith) assertions with the scientifically grounded assertions of atheism collapses; and we are where we always were, confronted with a choice between a flawed but aspiring religious faith or a spectacularly hubristic faith in the power of unaided reason and a progress that has no content but, like the capitalism it reflects and extends, just makes its valueless way into every nook and cranny.

For Eagleton the choice is obvious, although he does not have complete faith in the faith he prefers. “There are no guarantees,” he concedes that a “transfigured future will ever be born.” But we can be sure that it will never be born, he says in his last sentence, “if liberal dogmatists, doctrinaire flag-wavers for Progress, and Islamophobic intellectuals . . . continue to stand in its way.”

One more point. The book starts out witty and then gets angrier and angrier. (There is the possibility, of course, that the later chapters were written first; I’m just talking about the temporal experience of reading it.) I spent some time trying to figure out why the anger was there and I came up with two explanations.

One is given by Eagleton, and it is personal. Christianity may or may not be the faith he holds to (he doesn’t tell us), but he speaks, he says, “partly in defense of my own forbearers, against the charge that the creed to which they dedicated their lives is worthless and void.”

The other source of his anger is implied but never quite made explicit. He is angry, I think, at having to expend so much mental and emotional energy refuting the shallow arguments of school-yard atheists like Hitchens and Dawkins. I know just how he feels.

Sunday, April 26, 2009

Italian weekend….

Half of my MBA 2010 class visited the Agusta Westland plant near Milan for a school-sponsored field trip. The goal of the visit was to diagnose operational issues in the helicopter assembly and upstream sub-assembly manufacturing plants. Luckily for me, Agusta Westland is 90% similar to a previous client from my consulting days, so this was a lot like shooting fish in a barrel. In any event, as far as operations go, three words are all one needs to know - Lean Six Sigma. Everything else is a load of crap, outdated and ineffective. These days most PE firms swear by Lean Six Sigma.

The helicopter plant itself was near Varese, an hour away from Milan. I won't bore you with the details of how Apache and Sea King helicopters are assembled. However, I'll mention the the pizza in Varese, which was awesome – wood-fired oven, thin crust with parma ham, roquette and buffa mozzarella.

After the plant trip, a few of us rented a car and drove first to Bologna, where we had Bologna salami (baloney) and real Bolognese sauce at Osteria di Poeti, the best restaurant in Bologna (near the city center). We then drove to Florence, where we stayed in Oltrarno for the night.

The next day was spent walking around Florence (remember my admit essay on how I would spend a free day?). Of course no visit to Florence is complete without pistacchio gelato from Ponte Vecchio and a visit to the Gallerie dell'Academia to see David. And, we celebrated April 25, Italy's WWII liberation day, with a bunch of cute communist students at a demonstration below the Piazzale Michaelangelo. They treated us to cantucci, a hard almond biscuit (like biscotti) which is eaten after dipping it in vin santo (sweet wine). And they even gave us a large bottle of fantastic homemade wine, promising to let us make it up to them when they next visited London.

We spent the rest of Saturday and Sunday at a castle in Tuscany - Castello di Ripa d'Orcia, on top of a hill near the village of San Quirico d'Orcia, some 25 km from Sienna. The view from the hilltop and the traditional food from the kitchen was glorious, although the wine from the estate left something to be desired. The serenity of the Tuscan evening was broken only by the sounds of our partying late, and the music from another party in the next castle over, on another hill, a few km away. This morning we drove back to Milan, where after a long delay at Malpensa, we made it back to Gatwick, in time to read our corporate finance cases and finish our managerial accounting homework.

The Duffman cometh
Stealth photography at the Gallerie dell'Academia

The view from our castle
Ghiberti's "Gates of Paradise" - Baptistery across from the Duomo in Florence
View of the Duomo from Pizzale Michaelangelo

Tuesday, April 21, 2009

On being nominated for Best of Blogging @ Clear Admit

A much needed update to my blog. I was pleasantly surprised to learn that I was nominated for Clear Admit's Best of Blogging. Fantastic! A really busy schedule prevents me from waxing literary, so bullet points will have to suffice. What has life brought my way these days?

  • I'm in love with Japan. I almost applied for exchange to Keio but other conflicts prevented me from making it work. I'll likely take a few block weeks during one of the terms at LBS and then spend a month in Japan.
  • Leaving for Milan on Thursday for a trip related to my Operations and Technology Management Class. I'm visiting the Agusta Westland Helicopter operations near Milan to do a diagnosis of their assembly plant which should give me an opportunity to apply those Lean Diagnostics skills I used in my previous consulting work. Agusta Westland usually makes the Air Force One helicopters but Obama won't be getting one this year.
  • Speaking of Obama, the non-profit I'm consulting for, MyBnk was in the news lately. The Chief paid an impromptu visit to its London office during his G20 visit to meet Lily Lapenna and her crew and to thank them for educating common people on financial principles in these tough economc times. Go Lily!!!
  • Event prep for Crossroads, the LBS Art Exhibition, is going great guns. Tomorrow we take over the quad and install an exhibit. It's a clothes line strung across the quad, hung with colorful bras and boxer shorts and equally colorful resumes, rejection letters and candidates' responses to rejection letters.
  • I recently visited Saatchi Gallery in London. Their current exhibition "Art from the Middle East" is f@#king awesome, like nothing I've ever seen before.
  • Several friends from Boston and Sweden visited me in London. That was awesome! Shout out to Keith, Kate and Ariana!
  • I love Marketing Strategy – it's the most amazing course I've taken so far, and Dan Goldstein, who teaches it, is the best prof I've had so far.
  • I highly recommend that every rational young adult read "Stumbling Upon Happiness" by Daniel Gilbert. It's a provocative look at why we as adults may or may not find happiness elusive
  • I highly recommend that you watch 50 Dead Men Walking, IRA, moles, great 80's rock, heart-pounding thrills – the movie has it all. It's Brilliant!
  • I highly recommend that you iTunes download "They Don't Love You" by Juvelen and "Rive" by Electrified Jet Shamisen Okita (Think Kill Bill, fusion traditional Japanese music and rock, except its driven by an electric Shamisen. Awesome!).
  • And finally, I just got back from a lecture on leadership at LBS by Ian Davis, ex Global Director of McKinsey. He's one of my heroes! Getting a chance to shake his hand and speak with him one-on-one was just incredible.

More soon. Sayonara!

Why I'm in love with Japan. Cherry Blossoms in Tokyo Midtown.

Cherry Blossoms in Kyoto

Toyota City, Nagoya

Making a mockery of the tea ceremony. Not sure that one dunks the green tea biscuit in the green tea, but what do I know, I'm gaijin!

The fair ladies of London Business School

And you thought the London Tube/Paris Metro was hard to navigate? Try Tokyo

Saturday, February 28, 2009

I’m dying for a good movie about junkies in Edinburgh….

Ugh! I've said it before here but I'll say it again, "Danny Boyle, you should stick to making movies about junkies in Edinburgh! Look mofo, your exploiting India's poverty for titillation to accompany popcorn chomping is not cool. Your connection with India is zilch! In fact the first time you visited the country was to shoot the film. And, did you even watch City of Joy and Cidade de Deus before decided to go slumming?"

I quote from the Financial Times February 23 2009: The film (Slumdog Millionaire) has been sharply criticised as "poverty porn". Well-respected local filmmakers have described the film as titillating western audiences with its portrayal of slum life. Priyadarshan Nair, an India film-maker, complained strongly that the film makes a mockery of India. "It's nothing but a mediocre Bollywood film, which has used references from several Hindi films very smartly," he wrote in the newspaper India Today at the weekend. "India is not Somalia. We are one of the foremost nuclear powers in the world, our satellites are roaming the universe. Our police commissioners' offices don't look like shacks and there are no blind children begging in the streets of Mumbai." Even some who like the movie are unhappy with its title. "Dog is really offensive for us Indians," says Krishna Pujari, a former street child who now organises ethical tours of the slum.

Yeah, no shit Boyle! Your calling an Indian street-child "Slumdog" is like a white person using the N-word. This is not the f**king Raj and we're not your f**king coolies.

indieWIRE flays it as a "A noisy, sub-Dickens update on the romantic tramp's tale. Poverty can be so much fun with M.I.A.'s ubiquitous "Paper Planes" pop-pop and ching-ching throughout. Jamal's success on the TV show makes him a hero to slumdogs everywhere, but he doesn't care about being rich. He just wants to be with Latika. Quite instructive to the billions of poor people in the world foolishly aspiring to subsistence, let alone wealth! Love is all Jamal needs. Love and a lobotomy." Another disection of the structural flaws of this sub-par film is on this blog.

On other fronts, we had a kick-ass Winter Masquerade Ball last weekend and the organization of London Business School Crossroads Art Exhibition is going smoothly. I'm debating whether I should accept a second internship with Accenture's ADP program. Its 7 weeks and ultra-cool! ADP provides strategic advice to nonprofit organizations, foundations and donor organizations operating in the development sector, helping these organizations achieve social and economic development goals. Sample engagements include building supply chain capabilities for a humanitarian aid organization in South Africa and developing an IT industry growth strategy for the government of Guyana. But after 10 weeks of an I-banking internship will this be overkill and am I better off working pro-bono for a local non-profit? Plus I'm planning on moving to Portobello Road before fall trimester starts in October. But I'm so tempted to do this …. plus its for a good cause! Decisions, decisions!!!

Saturday, October 18, 2008

Enough with the Found Art………

This oversubscribed genre of art finally earned my ire today. I was at the Frieze Art Fair, an annual event hosted by Frieze magazine in Regent's Park. It features around 150 contemporary art galleries from all over the world. The organization and variety of modern art is fantastic and I thought the installations below were cool.



But back to my original rant on the dilution of modern art by two subversive genres!

It was OK when Marcel Duchamp took a urinal, stood it on its head and called it art. And, even when Tracey Emin displayed her unmade bed with sweat and blood stained sheets (go figure!), one could say "metaphor for shock and awe", but a new generation of rag-tag, slacker, dumpster-diving artists is taking way too many liberties, and I protest! In the context of a staid art gallery a "found art" installation serves to stimulate and jar one's senses. In moderation, soggy rolls of toilet paper, bits of chicken wire, used bottle-caps and piles of used shoes juxtaposed against a clean-cut context and surrounded by a few post-modern masters is actually cool. But, for the first time today at Frieze, I was confronted en masse by the proliferation of found and trash art - aisles and aisles of it, which would make hobos feel at home.




A few messages for these artists:
  • Found art is so 1998 and passe
  • Bondage and kink have ceased to be art forms and are back in the porn genre
  • Collage is an admirable art form, especially if you are five
  • "Used Kleenex and Hypodermic Needles" is NOT a mixed medium
  • Yes, we are aware that we are a post-post-modern wasteful society and materialistic consumption has left us soul-less
  • And, we are generation blasé who cannot be jarred from our jaded fugue by your assortment of bodkins and candy wrappers
In short, quit your lazy art and try harder!

The other genre of art that's past its peak is "refrigerator magnet poetry art", akin to when you make stubby sentences on your fridge using a small selection of words printed on magnets. You've probably seen its artistic equivalent at a museum too - typically a large canvas washed with primary or solid colors, with random 'pop'py angst-filled words scrawled on it to form a terrible haiku-like inscription like,

"Paradoxical Rage Flagellation Yerba-Matte

Tea and Sympathy Yellow Submarine Obnoxious Ocean

Latte Kicking Screaming Gucci Little Piggy Die Corporate Bastard!"

Here is an example,

And another, which is arguably a cut-above the rest. It's an assortment of text messages that the artist had received. Enjoy!


Tuesday, September 2, 2008

Juicy Case Studies.....

Last week was Orientation week at LBS - a meticulously planned affair, complete with ice sculptures that spelt 'MBA 2010' on the LBS front lawn. Rumor has it that since "The Crown" owns the building, said Crown has to be petitioned before conducting frivolity on the front lawn. Translation - "The Crown" approves out liquor license.

The first two days however, were hosted at Lord's Cricket Ground, "Home of the Cricket". The highlights were presentations showcasing the diversity of the LBS community. Students from each of the 60 odd countries put together 2-3 minute presentations that mocked stereotypical views regarding their countrymen/women. The best presentations in my opinion were by the French, Kiwi, Australian and South American contingents. Aside for the fun and games, Orientation was in a sense a sobering coda to the entire B-school quest, and a few of my friends claim to have wiped away a tear of joy during Gareth Howells' speech that inducted us into a somewhat elite caucus.

I also met my study group, which includes Canadian and Brazilian PE professionals, a Czech lawyer, a British/Indian I-banker and a Kiwi Brand Manager/Marketing whiz. Our first challenge as a team was conquering an outdoors course over an entire day, taking on both mental and physical challenges - running, jumping, climbing trees, walking tighropes - essentially a cross between Cirque du Soleil and Fear Factor.

However for some of us, the toughest part of Orientation was answering four simple questions as part of Career Orientation Day. These questions cut to the core of who we are as individuals. Trying to honestly answer what our goals were, why we wanted to achieve them, what achieving them would do for us and whether that was what we really wanted in life, was a bit nerve wracking and humbling.

Classes started on Monday, and I'm glad I moved nearer to school. Taking the Chyube in was definitely starting to try my patience. I'm moving into my flat at the end of next week and am temporarily subletting a room from a MBA 2009 in a penthouse near the school - with fantastic views of St. Johns Wood, Marylebone, Regents Park and the London Eye. Although, what I'm really excited about is being near the school community and having more time to explore the 'burbs. Club activities have started kicking off and I'm looking forward to the Responsible Business Club. I'll updated you on this front and will post a few more pics later. In the meanwhile enjoy these.

Now back to reading cases about Honda, Apple and low-cost airlines ......

The nerd factor of the helmets kept us from looking Mission Impossible cool

Offisite Day at the Outdoors Course


Scenes from Notting Hill Carnival

LBS front lawn

Friday, August 22, 2008

Notting Hill Carnival - LBS Outing

LBS'ers - I threw this together knowing that a few of us are interested in the Carnival. I suggest going on Monday, meeting at Plowden Reception at 11 AM and departing thence via Baker St. Tube/Chyube Stop. Later in the day gets very crowded. Of course, you could go any other time Sunday or Monday - just go as a large group - apparently petty crime is prevalent given the million-odd crowd.

And feel free to circulate this to other LBS'ers and invite them.

Cheers!

KEY COMPETITIONS
21 August - Calypso Monarch Finals
23 August - 30th Panorama – National Champions of Steel (Hyde Park)
24 August - On the Road Junior Costume (several categories including King, Queen and Best Band)
25 August - On the Road Senior Costume Competition (several categories including King, Queen and Best Band)

MAS BANDS
Mas (short for masquerade) stems from the ceremonial African masking traditions, as well as the pre-lent 'Carnivales' of European Catholisism

SOUNDSYSTEMS
Soundsystems are an integral part of the Notting Hill carnival experience and traces back to 1950s Jamaica - it's dance hall and backyard party
scene with it's sound clashes and homemade PA equipment. This year's line up features 38 soundsystems spread throughout the carnival
area.

WEBSITES
http://www.nottinghillcarnival.biz/
http://www.notting-hill.org/#/nottinghillcarnival/4528607813

Saturday 23rd August

12pm – 9pm 30th National Panorama Championship
Ten of the UK's top steelbands, each comprising of between 40 and 75 musicians, compete for the title 'National Champions of Steel'. Artists will perform on stage 12pm-4pm & the Championship takes place 4pm-9pm London Notting Hill Carnival Ltd will also host a variety of stage and family activities on the day.

Sunday 24th August

6am – 10am J'ouvert
Steelbands participate in a procession to mark the official opening of the 2008 Notting Hill Carnival. Revellers daub paint and mud on themselves and that tradition has now been taken up here.

10am – 7pm Notting Hill Carnival Children's day parade

Monday 25th August

10am – 7pm Notting Hill Carnival Adult’s day parade

GETTING THERE FROM LBS
Take the Hammersmith & City Line towards Baker Street. WESTBOURNE PARK STATION: On Sunday 24 and Bank Holiday Monday 25 August, between 1100 and 1800, the station is exit only.

GETTING BACK TO LBS
Paddington (Hammersmith and City line) – on Sunday and Bank Holiday Monday it may be advisable to use this station instead of Notting Hill Gate or Royal Oak, as both stations will have diversions in place.. Most other stations in the Carnival area will be ‘exit only’ until 6-7 PM. Other stations near to the Carnival: High Street, Kensington (Circle and District lines), Kensal Green and Queen’s Park (Bakerloo line).

CABWISE is a text message-based service that helps you find a taxi or licensed minicab. Simply text HOME to 60835 to get one taxi and two
local, licensed minicab numbers sent straight to your mobile.

Is the Carnival safe to visit alone?

Carnival organizers and the police strongly advise people to NOT visit the carnival alone; arrange to meet friends and family before entering the Carnival area. They also advise bringing only a small amount of cash and leaving purses, backpacks and wallets home. Some people advise that groups wear similar coloured clothes so its easy to identify others from your group in the crush.

Thursday, August 7, 2008

A couple of B-school essays

It seems that my last posting of a B-school essay was well received and "advice" was sought by some future applicants. The only "advice" I can give is a) be yourself, b) make your examples short, pithy and colorful, c) tell a story that stands out, d) strongly link your past experiences with your future goals, e) avoid vagueness at all cost f) don't assume the reader's ability to read between the lines, and above all f) answer the question clearly. And yes, have someone else who knows you and has a command of the language, read and critique your essays. I could go on, but posting a few of my essays might just be more helpful. Here are two essays I wrote for Columbia GSB and London Business School.

Essay 4 (b): If you were given a free day and could spend it anywhere, in any way you choose, what would you do?

I love art, history and education through travel. I visited Florence last year and couldn’t get enough of the city. I’d spend my free day on the streets of the city of the Medici. I’d be woken early by the pealing of church bells. I’d stop by a neighborhood trattoria and jostle with the locals for pastries and a steaming cappuccino. I’d strike up a conversation with friendly faces and find out what the day held for them.

I’d hurry to stand in the line snaking outside the Uffizi so I could see Botticelli’s ‘Birth of Venus’. I’d stroll through the sculpture garden in the Piazza della Signoria and make charcoal rubbings off Ghiberti’s doors at the Baptistery. I’d climb the 414 steps of the Campanile for breath-taking views of the city and the Tuscan countryside, much of which hasn’t changed in centuries. I’d spend time crawling through the vaults of Brunelleschi’s Dome of the Basilica del Fiore, an engineering marvel to this day with the world’s largest masonry span. When the church was built to be the largest house of worship, the neighboring streets and houses were actually lowered so that the Basilica would look more imposing that it actually was. I’d revisit Michelangelo’s David and take sneaky photos of it. I’d have to take in a pistachio gelato as I walked the cobbled stone streets of Santa Croce, which reeks of tanneries. I’d make my way to the piazza where Savonarola’s ‘Bonfire of the Vanities’ blazed. I’d spend a moment in silence mourning all the works of art that civilization lost, thanks to the mad monk.

As dusk draws near, I’d avoid the ‘Menu Turistico’ for dinner. I’d buy cichetti and some homemade wine - bottled in used plastic bottles. I’d hike up one of the hills, south of the Arno river and watch the setting sun glint off the Ponte Vecchio bridge.

LBS Essay 1: In what role do you see yourself working immediately after graduation? Why? How will your past and present experiences help you achieve this? How will the London Business School MBA Programme contribute to this goal?

My post-MBA goal is to work for the Private Equity (PE) consulting practice of a tier one strategy consulting firm and to specialize in Merger and Acquisition (M&A) due diligence studies in the Indian pharmaceutical sector. Very specifically, Bain’s global reach, its strong focus on PE and pharmaceuticals and its collegial culture would provide the best career fit, enabling my long-term goals. Having relished the intellectual stimulation of tackling a variety of business problems in diverse industries in my four years of management consulting, I know that Bain would provide an exciting opportunity to further expand my ability to devise creative solutions and lead organizational change.

At Advion, a biosystems startup, I collaborated with pharmaceutical scientists to develop analytical devices which expedite drug discovery by accurately analyzing drug candidates in 1/100th the time that other techniques require. While learning the science behind drug discovery, I also observed how Advion’s PE backers used their business consulting backgrounds and financial expertise to guide Advion’s executives on innovation and growth strategies. This foundational exposure to key aspects of the pharmaceutical industry would help me address industry-specific issues at Bain.

Following Advion, through a business strategy and operations consulting role at Stroud, I learned to facilitate operational turnarounds at multi-billion dollar corporations in sectors from food and beverage to electronics to consumer goods. Recently, I worked on the exciting transformation of a PE-owned packaging products company, leading 5-10 person teams at each of nine plants to identify a total of $40MM in profitability losses through a financial analysis and deep operational assessment. The subsequent 6-month pilot program which I led focused on improving operations efficiency, product quality, logistics and inventory management, resulting in a $7M profitability increase. I gained extensive finance and supply chain knowledge and a practical understanding of organizational change management, preparing me to lead consulting teams to solve clients’ strategic and operational problems.

After growing through two promotions, in order to gain expertise in post-merger strategy (an issue prevalent in PE,) I eventually accepted an advanced role at Accenture. I started acquiring expertise by leading two eight person case teams (client VP’s, directors, consultants) to integrate two global supply chains and realize merger synergies at a Top 3 computer manufacturer, initiatives which improved cash flow by $30MM and profits by $20MM.

The London Business School (LBS) MBA is the next logical step in refining my leadership skills, acquiring a general management aptitude and developing the financial acumen necessary for M&A due diligence in a post-MBA role at Bain. My conversations with N. Mehta (’08) and N. Patel (’06) have convinced me that LBS’s flexible curriculum would allow me to integrate the knowledge I acquire from electives in Finance, Strategy and International Management and Private Equity. Through a semester at Wharton’s healthcare program and through UCL courses such as ‘Business Enterprise Training in the Life Sciences,’ I would build my financial knowledge of the pharmaceutical industry. LBS’s global reach and its diverse community would teach me to leverage the cultural diversity inherent to consulting firms.

Having grown up in Bombay, India’s commerce hub, I understand the unparalleled benefits of being at the heart of a cosmopolitan capital. LBS, with its proximity to 70% of the FTSE 100 and 75% of the Fortune 500, would give me an unbeatable edge in achieving my professional goals.