Once in a lifetime.....

Are we lucky? or Just the people in the wrong time in the wrong place? Well two schools of thought. One set of people believe that the current financial meltdown is a once a lifetime thing never seen since the last depression in the 1930s. That means we are witnessing something really historic and epochal. So we are lucky.....

Or are we? Maybe 20 years down the line, I can fondly look back at time and say yaah...I have seen the historic event unfold in front of my eyes. Lots of learnings, lots of new changes, transformation of businesses etc etc...But right now. Life is a bundle of uncertainty. With less than 3 months left for graduation and the contagion hitting India, the ROI on the ISB MBA looks more and more risky....The morning newspaper makes me depressed each day but today is another "historic" day. Today is the day when the Indian "Enron" story is being scripted. After allegations of corporate governance failure, Satyam chief admits to a 1230 crore rupees fraud of bungled accounting and inflated cash balances. The details are yet to be public but from the looks of it this is going to send shock waves across the Indian industry...All the fundas learnt in class - accounting, frauds, corporate governance, buyout, mergers, acquisitions are just playing out in real in front of our eyes. Again, is that we are lucky to be witnessing it and learning from it?

Well only time will tell....For now just want to leave with a quote from one of our strategy professors "Tough times don't last but tough people do"