Wednesday, September 17, 2008

!! Engineer is King !!

Take 1
Two engineering students were walking across campus when onesaid, "Where did you get such a great bike?"
The second engineer replied, "Well, I was walking along yesterday minding my own business when a beautiful woman rode up on this bike. She threw the bike to the ground, took off all her clothes and said, "Take what you want."
"The second engineer nodded approvingly, "Good choice; the clothes probably wouldn't have fit."


Take 2
An architect, an artist and an engineer were discussing whether it was better to spend time with the wife or a mistress.
The architect said he enjoyed time with his wife, building a solid foundation for an enduring relationship. The artist said he enjoyed time with his mistress, because of the passion and mystery he found there. The engineer said, "I like both." "Both?" Engineer: "Yeah.
If you have a wife and a mistress, they will each assume you are spending time with the other woman, and you can go to the lab and get some work done."


Take 3
A pastor, a doctor and an engineer were waiting one morning for a particularly slow group of golfers.
The engineer fumed, "What's with these guys? We must have been waiting for 15 minutes!"
The doctor chimed in, "I don't know, but I've never seen such ineptitude! "
The pastor said, "Hey, here comes the greens-keeper. Let's have a word with him." [dramatic pause] "Hi George. Say, what's with that group ahead of us? They're rather slow, aren't they?"
The greens-keeper replied, "Oh, yes, that's a group of blind fire-fighters. They lost their sight saving our clubhouse from a fire last year, so we always let them play for free anytime." The group was silent for a moment.
The pastor said, "That's so sad. I think I will say a special prayer for them tonight."
The doctor said, "Good idea. And I'm going to contact my ophthalmologist buddy and see if there's anything he can do for them."
The engineer said, "Why can't these guys play at night?"

Ouch!!
Traditionally engineers have been viewed as geeks or nerds who do nothing but study strange kinds of things and manufacture big machines and buildings. Even nowadays when some coaching institute puts up an ad showing engineering aspirants they would put up posters of people with formal boring shirts and a metallic cap which the mechanics wear in garages. Whereas the doctors they'll show are all smart and dashing with matching colourful shirts inside their white aprons.
I mean why such discrimination against engineers. They would make serials like sanjeevani and dhadkan for doctors. Do only doctors have the charm to woo girls. And engineers are all boring people found glued to their computer screens or buried inside a pile of machines.
Come on, engineers are not like that. At least not what I've seen and known.
Then who are engineers and what are engineers. Well understanding this species is extremely difficult. However the common characteristics are:
Extreme
Whatever they do has to be on an extreme. No study for the 4-5 months of the semester and no sleep for the 4-5 days before the exams. The same student who you'll find with his torn jeans and the college t-shirt jumping out of the class(or rather bunking out of the class), impressing the panel of interviewers from the very best companies of the world.
The same stud whom you found half-conscious and fully drunk lying outside the hostel gate in the garden, can stun a gathering full of scholars while delivering a speech on consiousness.
Adaptive
Engineering students are supposed to be the most indisciplined and rude fellows on campus who are always clumsily dressed. But what happens to these guys/gals when they hit the corporate floor. They are the most smartly dressed people and present the face of India Inc.
They are as comfortable in the college-side khokha(dhaba) eating maggy sitting on the mat as they are while having lunch with their clients in a 5-star hotel.
Matter-of-factly
The 4 years of engineering teaches engineers how to learn. Learn different concepts, languages, techniques and anything else. Engineers are basically learners. Engineers doing well in CAT and other entrances are not because they are engineers but because they are good learners and can adapt to the changing situations.

To the optimist, the glass is half full. To the pessimist, the glass is half empty. To the engineer, the glass is twice as big as it needs to be.

Investment Banking - What do they do

An investment bank uses its proprietary book (own money) to lend others and invest. It started with the subprime crisis. Banks like Lehman, buy mortgage loans from other banks, and then package them to sell bonds against the loan pool. Often they add cash to make the loan pool more attractive, so that the bonds can be sold at a higher price.

Suppose mortgage was earning 6%, these bonds are sold at 4%. The difference is the spread which the investment bank earns. By selling these structured bonds, it raises money and frees capital. But when homebuyers started defaulting, these bonds lost their value. It all began like this, and then the virus spreads across markets.

Monday, September 15, 2008

3 Ways to Persuade


Aristotle (right) says, "Calm down, Plato.Campaign rhetoric isn't that bad."
The U.S. presidential campaign is kicking into high gear. That means both sides will be pulling out all of the rhetorical stops to try to persuade folks to pick their candidate. So, for a little perspective on the art of persuasion, we're turning to a political commentator unlike any on TV. We're turning to famous Greek philosopher Aristotle (384-322 BC). He wrote the book on rhetoric--called The Art of Rhetoric--way back in the 4th century BC. We asked Aristotle, how should those politicians persuade? He told us that, aside from "tortures, depositions, and the like," there are only three ways: logos, pathos, and ethos. In English, you might say logic, emotion, and character. Put it all together, and you get a reasonable argument, passionately made, by a person you trust.

Logos

Logic is an obvious one. After all, who isn't a sucker for irrefutable facts, verifiable numbers, and the inexorable march of reason across the course of a well-constructed speech? In fact, for many thinkers, including Aristotle's mentor, Plato, logos is the only legitimate way to win friends and influence people. The rest is sophistry. Logos was even more persuasive to ancient Greek philosophers, because they had a pretty expansive notion of what logos was. It could be the simple reason in the words of a speech, or it could mean the supreme reason of the universe, which all rational appeals naturally plugged into.

Pathos

Still, unlike old Plato, Aristotle was willing to look beyond strictly rational appeals. He recognized that people "do not give judgment in the same way when aggrieved as when pleased"--especially, he snobbily wrote, "audiences of limited intellectual scope and limited capacity to follow an extended chain of reasoning." Enter pathos. Let's face it, said Aristotle. If you really want to persuade people, sometimes you have to resort to emotional appeals. It's why campaigns try to wrap themselves in the flag and make you fear the other guy. It's why a winning smile and puppy-dog eyes work magic in getting your way. It's why lawyers have the saying "If the facts are on your side, pound the facts. If the law is on your side, pound the law. If neither is, pound the table." Of course, emotional appeals can take more subtle forms, too. Aristotle pointed out that eloquence itself is a kind of emotional persuasion. "Style makes the matter more persuasive," he wrote, "for the mind is tricked as though the speaker were telling the truth."

Ethos

For a reason-loving philosopher like Aristotle, admitting the power of pathos had to be hard enough. But he goes even further with ethos. "Character," he wrote, "contains almost the strongest proof of all." Quite simply, it matters who's trying to persuade you. If the person trying to sway you shows "common sense, virtue, and goodwill" (for Aristotle, an ethical trifecta), then really, aren't you more likely to believe what that person says? Aristotle thought so, and so thought that persuasive attempts must work to "establish the speaker himself as being of a certain type"--namely, the type of person you'll believe. Sometimes ethos is the only thing that matters. If, based on arcane medical tests, one doctor says you need immediate surgery, and another says you don't, how are you going to decide--except by judging who seems more credible? Similarly, lawyers put dueling experts on the stand, and politicians put dueling wonks on TV. Their reasons are obscure and technical, and only ethos makes the sale. That's why the old vaudeville philosophers used to say, "If you can fake sincerity, you've got it made."

Tuesday, September 9, 2008

Rohtang Tour



I went to visit Rohtang Pass while I was in Manali in month of August, 2008. It was a very unique experience for me. I was there with my mother and my maternal uncle and we enjoyed each and every bit of this journey and stay. Though I just wished if I was there with my friends as it would have been a different experience altogether. I do have many memorable moments from that journey. More than words, let's use snaps to go through the tour.



Roads on each turn seemed to end in the middle of the way. Sun was playing hide and seek that day, but it was a quite enjoyable weather while we were moving towards Rohtang.

In-Progress, keep visiting for new information and snaps !!