Category: People

Mukesh Ambani is richest in world


Mukesh Ambani, Chairman of Reliance Industries Limited is officially the richest person in the world as of 29th October. He is worth $63.2 billion.

With Indian stock index reaching 20,000, his personal wealth has peaked $63billion. He leads Carlos Slim Helu ($62 billion), Bill Gates ($62 billion), Warren Buffet ($56 billion) and LN Mittal ($50 billion). Telecom, Software, Investments and Steel have been left behind by Petrochem.

This brings me back to the question … How much is enough .. ?

Comments on Microsoft and Facebook

I sent this email to a friend in response to his views on Microsoft and Facebook. I have repalced names and email addresses with *****

Hi *****,

I also have my two cents on Facebook deal and why I think MS paid that kind of money.

To start with, it is not about the advertisement at all. It is also not about buying a stake in the company. 1% is too less a stake to have any meaningful say in the company. Ok, it is meaningful but if I was serious about partnering someone, I would rather take 10% odd stake and make meaningful suggestions to the overall vision of the company.

With 1% MS is saying that they are confident about FB and they like the business and want to be partners.

The reason could be psychological too. May be after Steve Balmer’s announcement last month about getting 25% of MS revenues from advertising, they had to show something to the world. May be they wanted to prove something to Google .. ? Who knows. Men do funny things to prove themselves are superiors. Envy and Jealousy are two of the most potent forces in the universe.

As far as exclusive advertising rights, MS already had exclusive rights on FB. This deal just extends those rights to international markets. One might argue that 60% of FB traffic is now international and deal makes more sense, I would say that in web environment, national and international segregation dont really make a sense. If I am in Antarctica and want to advertise about the latest Igloo design, I dont have to advertise from Antarctica, I can advertise from US also.

Now if I was Bill (I hope I was), I would have thought that the entire Social Networking thingy has gone past me without me making any serious inroads (ok, Windows Live was for sometime making people happy but all it has got is measly 10 mn users), how about getting a piece of the pie?

There are more things that aren’t really in public domain as yet. Like they have said they would have other partners. They also said that they would not disclose the exact terms of technology exchange that they would have. May be it includes access to user preferences? May be it includes MS and FB’s entry in to Software as a Service space? With this they can take Google head on. May be FB will now truly become a platform rather than just a website where you upload pics and poke at firrends?

And did you notice that share price of MS jumped after FB deal was announced .. ?

Regards,
******

P.S.: You have said that it makes “FB, a 100 million OTS website” .. what is an OTS.. ?
P.P.S.: Please share this with your friends also. I want to see if this makes any sense to them. Thanks 🙂

He had sent his comments on Microsoft’s recent stake in Facebook

Happy Birthday Amitabh Bachchan


Amitabh Bachchan turns 65 today. Many many happy returns of the day.

Amitabh Bachchan is one of those few who I admire. For his acting and for what he is. I am not a great movie follower but I started reading about him when he made comeback after the ABCL fiasco. He had an option to turn himself delinquent and he did not. Came back in the bollywood and rest as they say … is history.

Happy Birthday Amitabh Bachchan.

Innumeracy – John Allen Paulos

Innumeracy by John Allen Paulos is a very interesting book. I heard it first from Prof. Bakshi.

From his website, INNUMERACY is an examination of some of the consequences in everyday life of mathematical illiteracy.

The book is a collection of anecdotes, examples, real life case studies on innumeracy. It talks how people fool themselves by coming up with incorrect judgements because of mathematical illiteracy.

Next on the list is Once upon a number, another book by John Allen Paulos and yet again recommended by Prof. Bakshi.

John Allen Paulos Official Website
Books by John Allen Paulos
Innumeracy on Amazon

P.S.: I am not doing justice by posting this much about the book. The book deserves lot more attention.

Open Letter to Hugh MacLeod

I think very highly of Hugh MacLeod. Here is a comment I left on his page. I dont know if he would publish it or not, but here is a copy.

You rock Hugh. Keep on the good work.

I have taken fwe liberties to post a couple of your cartoons on my blog (obviously with due credits).

I always thought no one knows (or could understand) what I thought about life and work and here you are with exact same thoughts (in lot of cases – you are ten steps ahead – talking about things that I havent thought about) and that too on the back of the business cards.

Thanks for being such a relief from millions of tons of gibberish spread on the internet

Regards,
SG

P.S.: Wondering if all webpages were measurable in grams, would we exceed the weight of the planet .. ?

P.P.S.: Law of conservation of energy – You produce something by using something and sum total of Energy in the planet remains same (E=mc[sqr]). When creating websites is simple and in many cases automated, what law are we following .. ?

UPDATE: Changed name from Hugh Grant to Hugh MacLeod after Venkatesh commented. Slip of fingers .. 🙁 Sorry !

Lose Yourself – Eminem

I don’t really listen to a lot of English music but here is something that I love.

Heard this first time when Prof. Bakshi used this in one of his classes. One of his slides on probability quoted Eminem as

You better lose yourself in the music, the moment
You own it, you better never let it go
You only get one shot, do not miss your chance to blow
This opportunity comes once in a lifetime yo

Here are the complete lyrics …

Look, if you had one shot, or one opportunity
To seize everything you ever wanted-One moment
Would you capture it or just let it slip?

His palms are sweaty, knees weak, arms are heavy
There’s vomit on his sweater already, mom’s spaghetti
He’s nervous, but on the surface he looks calm and ready
To drop bombs, but he keeps on forgettin
What he wrote down, the whole crowd goes so loud
He opens his mouth, but the words won’t come out
He’s chokin, how everybody’s jokin now
The clock’s run out, time’s up over, bloah!
Snap back to reality, Oh there goes gravity
Oh, there goes Rabbit, he choked
He’s so mad, but he won’t give up that
Easy, no
He won’t have it , he knows his whole back’s to these ropes
It don’t matter, he’s dope
He knows that, but he’s broke
He’s so stagnant that he knows
When he goes back to his mobile home, that’s when it’s
Back to the lab again yo
This whole rap shit
He better go capture this moment and hope it don’t pass him

[Hook:]
You better lose yourself in the music, the moment
You own it, you better never let it go
You only get one shot, do not miss your chance to blow
This opportunity comes once in a lifetime yo

The soul’s escaping, through this hole that it’s gaping
This world is mine for the taking
Make me king, as we move toward a, new world order
A normal life is borin, but superstardom’s close to post mortem
It only grows harder, only grows hotter
He blows us all over these hoes is all on him
Coast to coast shows, he’s know as the globetrotter
Lonely roads, God only knows
He’s grown farther from home, he’s no father
He goes home and barely knows his own daughter
But hold your nose cuz here goes the cold water
His hoes don’t want him no mo, he’s cold product
They moved on to the next schmoe who flows
He nose dove and sold nada
So the soap opera is told and unfolds
I suppose it’s old partna’, but the beat goes on
Da da dum da dum da da

[Hook]

No more games, I’ma change what you call rage
Tear this mothafuckin roof off like 2 dogs caged
I was playin in the beginnin, the mood all changed
I been chewed up and spit out and booed off stage
But I kept rhymin and stepwritin the next cypher
Best believe somebody’s payin the pied piper
All the pain inside amplified by the fact
That I can’t get by with my 9 to 5
And I can’t provide the right type of life for my family
Cuz man, these goddam food stamps don’t buy diapers
And it’s no movie, there’s no Mekhi Phifer, this is my life
And these times are so hard and it’s getting even harder
Tryin to feed and water my seed, plus
Teeter totter caught up between being a father and a prima donna
Baby mama drama’s screamin on and
Too much for me to wanna
Stay in one spot, another day of monotony
Has gotten me to the point, I’m like a snail
I’ve got to formulate a plot fore I end up in jail or shot
Success is my only mothafuckin option, failure’s not
Mom, I love you, but this trailer’s got to go
I cannot grow old in Salem’s lot
So here I go is my shot.
Feet fail me not cuz maybe the only opportunity that I got

[Hook]

You can do anything you set your mind to, man

Copy Pasted from AZlyrics.com

Links
Wikipedia on Eminem

Steve Jobs vs Bill Gates


Another one of those Steve Jobs vs Bill Gates battles – but with a twist. This time we have pics when neither of them were famous. Gates with his PCs (and Microsoft) and Jobs with his Apples (and THINK as background).

I found this on BoingBoing.

P.S.: From now, every post that I copy from other sources would be tagged Copied Categories aka CopyCat

Delhi Autorickshaw Drivers – A Fare Deal … ?

Autorickshaw (aka autos) drivers in Delhi have always been notorious for fleecing customers and demanding exorbitant fares from passengers. Autos are supposed to charge by a fare meter (installed on the auto). A fare meter is an essential part of any public transport system. All the autos had a meter but no driver ever used them. Even people in Delhi got used to haggling with the drivers before they took an auto. I have spent good part of 25 years in Delhi and have never travelled in an auto that runs on fare meter. Even Lonely Planet Guide and other Delhi travel advisories told people to fix rate before they get into the auto.

I moved to Mumbai three months back and on a recent visit to Delhi, I was surprised to see that somehow all autos were going by meter. All means all autos on the road. I took autos at 2 AM, 8 PM, 6 AM and all the time I paid by meter. This was something new to me. How can this radical a change happen in less than 3 months? What changed? This is equal to a social epidemic. The very basic behaviour of people (in this case autodrivers) changed in less than three months. What brought about the change?

It took almost a day to figure out and this is what I could find.

In last three months, few things changed.

1. The per kilometre tariff for auto was hiked (from Rs. 4.5 per KM to Rs. 5.5 per KM).

2. The fine on not going by a fare meter was hiked. From Rs. 100 to Rs. 2000. In case of second default, the autos could be impounded.

3. Policemen were given incentives for catching defaulters. I asked a cop, he did not share the exact numbers but he said that if they catch even 5 defaulters a day, they make same money as they would make in bribes in a week.(This is what a cop told me when I acted as an innocent college kid 🙂)

Now these three changes had following effects

1. Auto Drivers: Most of these auto drivers do not actually own the autos they drive. These are rented (Rs. 250 per day). It was easy for most of the drivers to cough up 100 bucks if at all they were caught. They could either pay Rs. 100 or bribe a cop Rs. 50. To compensate, all they needed to do was over charge 2 other customers. Now with fine at 2000, if they are caught even once, they are in a soup (large fine and possibility of not getting the auto for next day). And with super-incentives to cops, chances of getting caught and fined became higher. It also became difficult to bribe cops as they make more money if they issue challans (traffic violation ticket).

2. Cops: Earlier, cops were happy catching autos for petty things (no driving license, improper uniform etc) and getting Rs. 50 as bribe. With high incentives, they cracked down on autos like anything. They stop autos at random and instead of asking the driver, they ask the passenger about the fare and if the meter is being used or not. Suddenly cops were making quick and easy money and above all, this money came in form of awards. This probably became the tipping point and suddenly every auto driver wanted to go by meter.

So basically it took two simple step to solve an age old problem of over-charging. An awesome application of what Robert Cialdini, Seth Godin, Malcolm Gladwell and a lot of other unknown social scientists have been doing (I am taking the liberty of categorizing all of them as social scientists).

Moral of the story is that next time you take an auto in Delhi, make it a point to go by meter (spread the Ideavirus – become a sneezer).

Post BFBV, everything is reduced to application of Mental Models.There are quite a few evident Mental Models in the entire episode. The ones I could spot immediately are

1. Reciprocation – we have increased the fares, now you start using the meters and stop fleecing the commuters.

2. Incentives – catch defaulters and make fast money.

3. Punishments – large (comparatively) and enforced strictly.

4. Positive Feedback Loop – Initially cops made money, they got stricter, autos started going by meter to avoid getting caught, cops getting even stricter with lesser autos defaulting.

If there is a different opinion, please share. Please point out flaws in arguments.

I have also made following two assumptions

1. No one paid fines earlier and most cops were happy to take bribes than issue challans (aka traffic violation tickets)

2. Assumed that this exercise is success. However the effectiveness is yet to be proved. Until commuters start demanding to travel by meter and use of meters becomes a norm, the effects would start fading in some time.

Also posted on PseudoSocial at Delhi Autorickshaw Drivers – A Fare Deal … ?