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Anecdotes Quotes

Have you been talking to my wife?

Eric Rosenfeld was one of the founders/Principals of the famous hedge fund LTCM

LTCM started in 1994 with around a Billion $ in assets.It had a spectacularly good run for a couple of years before blowing up in 1998.

Like other founders, Eric kept reinvesting in the fund only to see his fortune disappear as the fund blew up.

Many years later, he gave a mind blowing seminar to MIT students narrating his experiences.

One of the students asked him “Did you put everything into LTCM?”

He replied back “Have you been talking to my wife?”

 

 

 

Categories
Anecdotes

How Jeff Gundlach helped the police

 

Hands-off, though, isn’t normally the first description that comes to mind when discussing Gundlach. In mid-September, thieves robbed the money manager’s Santa Monica home in a quiet residential neighborhood, taking more than $10 million in artworks as well as his red 2010 Porsche Carrera 4S, wine and watches. The robbers also snatched two works by Gundlach’s late grandmother, Helen Fuchs, who was an amateur painter.

The money manager first offered $200,000 for tips leading to the recovery of his art and days later boosted the reward to $1.7 million. Santa Monica Police Department Sergeant Richard Lewis says the large sum of money was key to cracking the case, which the Federal Bureau of Investigation assisted on.

In late September, two suspects were arrested and all of the stolen art was recovered.

The cerebral Gundlach also gave investigators a tip for solving the crime. He says that while he was at home in his family room, it dawned on him that thieves would do a Google search using his grandmother’s name to find out more about the paintings and how much they might be worth.

Gundlach told the authorities that they should check the Internet to see who might have googled the name Helen Fuchs. He says exactly two such searches were executed: one by him and one by the thieves.

Gundlach says his Internet idea impressed investigators.

“The FBI,” he says, “thought it was brilliant.”

from Bloomberg

Categories
Anecdotes

The courage of Sam Manekshaw

I am going to illustrate from my own life an example of moral courage. In 1971, when Pakistan clamped down on its province, East Pakistan, hundreds and thousands of refugees started pouring into India. The Prime Minister, Mrs. Gandhi had a cabinet meeting at ten o’clock in the morning. The following attended: the Foreign Minister, Sardar Swaran Singh, the Defence Minister, Mr. Jagjivan Ram, the Agriculture Minister, Mr. Fakhruddin Ali Ahmed, the Finance Minister, Mr. Yashwant Rao, and I was also ordered to be present.

Ladies and Gentlemen, there is a very thin line between becoming a Field Marshal and being dismissed. A very angry Prime Minister read out messages from Chief Ministers of West Bengal, Assam and Tripura. All of them saying that hundreds of thousands of refugees had poured into their states and they did not know what to do. So the Prime Minister turned round to me and said: “I want you to do something”.

I said, “What do you want me to do?”

She said, “I want you to enter East Pakistan”.

I said, “Do you know that that means War?”

She said, “I do not mind if it is war”.

I, in my usual stupid way said, “Prime Minister, have you read the Bible?”And the Foreign Minister, Sardar Swaran Singh (a Punjabi Sikh), in his Punjabi accent said, “What has Bible got to do with this?”, and I said, “the first book, the first chapter, the first paragraph, the first sentence, God said, ‘let there be light’’ and there was light. You turn this round and say ‘let there be war’ and there will be war. What do you think? Are you ready for a war? Let me tell you –“it’s 28th April, the Himalayan passes are opening now, and if the Chinese gave us an ultimatum, I will have to fight on two fronts”.

A ‘yes man’ is a dangerous man.

Again Sardar Swaran Singh turned round and in his Punjabi English said, “Will China give ultimatum?”

I said, “You are the Foreign Minister. You tell me”.

Then I turned to the Prime Minister and said, “Prime Minister, last year you wanted elections in West Bengal and you did not want the communists to win, so you asked me to deploy my soldiers in penny pockets in every village, in every little township in West Bengal. I have two divisions thus deployed in sections and platoons without their heavy weapons. It will take me at least a month to get them back to their units and to their formations. Further, I have a division in the Assam area, another division in Andhra Pradesh and the Armoured Division in the Jhansi-Babina area. It will take me at least a month to get them back and put them in their correct positions. I will require every road, every railway train, every truck, every wagon to move them. We are harvesting in the Punjab, and we are harvesting in Haryana; we are also harvesting in Uttar Pradesh. And you will not be able to move your harvest.

I turned to the Agriculture Minister, Mr. Fakhruddin Ali Ahmed, “If there is a famine in the country afterwards, it will be you to blame, not me.” Then I said, “My Armoured Division has only got thirteen tanks which are functioning.”

The Finance Minister, Mr. Chawan, a friend of mine, said, “Sam, why only thirteen?”

“Because you are the Finance Minister. I have been asking for money for the last year and a half, and you keep saying there is no money. That is why.” Then I turned to the Prime Minister and said, “Prime Minister, it is the end of April. By the time I am ready to operate, the monsoon will have broken in that East Pakistan area. When it rains, it does not just rain, it pours. Rivers become like oceans. If you stand on one bank, you cannot see the other and the whole countryside is flooded. My movement will be confined to roads, the Air Force will not be able to support me, and, if you wish me to enter East Pakistan, I guarantee you a hundred percent defeat.”

“You are the Government”, I said turning to the Prime Minister, “Now will you give me your orders?”

Ladies and Gentlemen, I have seldom seen a woman so angry, and I am including my wife in that. She was red in the face and I said, “Let us see what happens”. She turned round and said, “The cabinet will meet four o’clock in the evening”.

Everyone walked out. I being the junior most man was the last to leave. As I was leaving, she said, “Chief, please will you stay behind?” I looked at her. I said, “Prime Minister, before you open your mouth, would you like me to send in my resignation on grounds of health, mental or physical?”

“No, sit down, Sam. Was everything you told me the truth?”

“Yes, it is my job to tell you the truth. It is my job to fight and win, not to lose.”

She smiled at me and said, “All right, Sam. You know what I want. When will you be ready?”

“I cannot tell you now, Prime Minister”, I said, but let me guarantee you this that if you leave me alone, allow me to plan, make my arrangements, and fix a date, I guarantee you a hundred percent victory”.

 

-from Sam Manekshaw’s speech

Categories
Anecdotes Humor

The lighter side of Sardar Patel

Though Sardar Patel was known as a no-nonsense man devoid of any sense of humour, Nair has written about lighter moments featuring him. The one centres around VP Menon with whom Patel had a special relation. Menon had to face the ire of Nesamani Nadar, a Congress MP from Kanyakumari, during his visit to Thiruvananthapuram in connection with the reorganisation of States. Nadar barged into Menon’s suit in the State Gust House and shouted at him for not obeying his diktats. Menon, who was enjoying his quota of sun-downer, asked Nadar to get out of his room. A furious Nadar sent a six-page letter to Sardar Patel trading all kinds of charges against Menon. “He was fully drunk when I went to meet him in the evening and he abused me using the filthiest of languages,” complained Nadar in his letter.

Sardar Patel, who read the letter in full asked his secretary V Shankar, an ICS officer: “Shankar, does VP take drinks?” Shankar, who was embarrassed by the question, had to spill the beans. “Sir, Menon takes a couple of drinks in the evening,” he said. Sardar was curious to know what was Menon’s favorite drink. Shankar replied that Menon preferred only Scotch. “Shankar, you instruct all government secretaries to take Scotch in the evening,” Sardar told Shankar. Nair writes that this anecdote was a rave in the Delhi evenings for a number of years!

from the DailyPioneer

Categories
Anecdotes

The true story of the horror at Mangalore

As I was calling PSI and my friend, my cameraman was doing his duty. By the time, two more journalists, cameraman Sharan from local cable network and photographer Krishna, came to the spot. I was helplessly witnessing the horror. I was completely helpless. More than half of the attackers were completely drunk. I was requesting them not to attack and they were in no condition to listen my words. “Yeh… please don’t beat them… Don’t beat the girls. Please.. Please…” These loud requesting words of mine were just recorded in the video footage, but not in the hearts or minds of the drunken attackers.

The world must have seen violence of different kinds. I had so far heard about such horrors, but for the first time in my life witnessed them. Really horrible. The victims were pleading with folded hands and body, just as pleading before the God. “Please don’t beat us. We are friends and celebrating birthday party. We are not doing anything else. Please… Please… Please…”

The hard hearted attackers didn’t spare anybody. Four people were kicking and hitting hard one guy. Terrified girls were running around and the attackers were chasing them. Believe it or not, one girl jumped from first floor and around twenty attackers on the ground kicked her hard. Couple of guys slapped her with force. Her cloths were torn apart. Meanwhile another girl wearing pink dress was attacked by the mob. Her cloths were almost completely taken off making her almost naked. The attackers were deliberately touching her private parts. All these scenes were not shot. I saw such a horror for the first time in my life. Then all the victims were locked inside a room. All this happened within a short span of time, say 15 minutes. Everything was over.

After first phase of attack was over, Police Sub Inspector Raveesh Nayak, Police Inspector Munikanta Neelaswamy came to the spot along with some police constables. The point to be noted here is that the behaviors of the police and the attackers were indicating something wrong. The police personal seemed to have been in contact all through. I was really surprised that instead of arresting the attackers, the police were in friendly discussion with the attackers, for more than 30 minutes! One guy who was among the victims was trying to run away, but the police caught him and the attackers brutally beaten him up in front of the police!

By then, some more cameramen had arrived. I came to my office along with my cameramen and uplinked all the visuals to Bangalore head office. The news was aired immediately. All the national news-channels took our footage and the report and aired thus making it national news within minutes.

Enraged with this, Mangalore city Police Commissioner Seemant Kumar Singh called Rajesh Rao, my friend and the reporter of TV-9 news channel. I was with Rajesh Rao when the Commissioner called and the Rajesh put the mobile phone on loudspeaker mode so that we both could listen to the conversation. The Commissioner was saying: “Why did Naveen air this news? Doesn’t he have sisters? Doesn’t he beat them and is that aired on TV? I will see him. He has alleged that Taliban culture is deep rooted in Mangalore. He compared the incident with Assam incident while airing the news live. I won’t spare him this time. I will fix him in this case. Yea.. I do fix him however influence he may have…” What all the Police Commissioner meant was that brutally beating the boys and girls was not a big issue at all, but shooting and airing that beating scene was a big crime.

wrote eyewitness Reporter Naveen Sorinje