Getting Healthy and Staying There

Most of my initial memories of yoga had to do with teasing people who practised it! The millions of YouTube videos and photos of yoga pros always looked elegant and soothing. Supremely fit masters always made it look easy. But when you saw a real person doing it, yoga was usually forced upon them by their weight or lack of fitness or some health problem.

Ungainly doesn’t even begin to describe folks like this when they start yoga. So when my grandmother took it up because her knees were giving up, we cousins made it a family joke. When an older colleague was showing a couple of poses to someone at the office we nick-named it “aeroplane-aasana”.

As they tried to contort themselves into yet another tangled pose while keeping track of when to inhale and exhale, we couldn’t restrain our laughter and snide comments. But now, I have officially joined their ranks. A bad lower back and a battery of tests have taken me over to the other side.

I guess you don’t heal in your 30s like you did in your 20s. I have to make several lifestyle changes just to keep myself within “normal” health parameters. The mantra for me is: eat right, sleep right, get enough sun and exercise. This basically means everything I do has to be upended, replanned and practised.

It has been 2 years since I stopped playing tennis and over 18 months since I did any reasonable physical activity. The simple-looking yoga poses now strain my sinews. I can never remember what to do with my breath or maintain posture 24×7. Every staple I ate for over 30 years is now in the “avoid if you can” list and most of the treats are in the “do not eat” list!

It looks like 2018 is going to be the year of making new habits, getting healthy, and staying there.

When I look at those in their 20s today, I get the feeling that there is a wider spread of mindsets and lifestyles compared to 10 years ago. Many are focused on their eating and fitness and several are completely off the rails and don’t care.

10 years ago, there was no gym close to where I stay. Now there’s one in every other street and they are all buzzing with activity. Hell, even my 2 year-old daughter goes to a “little-gym”. So overall it seems fewer kids will laugh and more would probably join me now!


3M India Reluctant to Return Money to Public Shareholders

I came across 3M India while looking for good stock picks. They seem to be financially quite solid and yet their stock price is very near levels they already achieved by April 2016. This led to me look into the reasons for this and I found a few interesting points.

3M is a well-known brand globally across several consumer and industrial spheres. They operate in India with a listed subsidiary in which 3M USA holds 75%. Foreign Portfolio Investors hold close to 10% and the rest is held by domestic institutions and the public. The financials of this company are strong and growing significantly each year.

They don’t pay dividends. None at all.

The noteable thing is they don’t pay dividends. This is not a one-off. As far as I could analyze, they have never paid dividends in any year. Quoting from their 2016-17 Annual Report:

A healthy cash position in a high interest economy is seen as prudent and necessary to fund growth. The Company remains bullish on investments and growth expectations in India, and anticipates substantial manpower, CAPEX and promotional investments required to support growth aspirations. The Company is focused on its growth plan with a long term objective and is in the process of implementing a number of initiatives and projects. As a result, it has been decided to conserve and retain the earnings and, therefore, not propose dividend or transfer any amounts to reserves.

Their net income (profit) in the Financial Year ending 31st March was INR 2,383 Million (approximately USD 36 Million).

Question 1: Do they actually need to retain all this money?

3M India has no outstanding long or short term debt with a small working capital component of INR 46 Million. They had a cash and cash equivalents balance of INR 3,708 Million as on 31st March 2016. This has swelled to INR 7,442 Million as on 31st March 2017. No less than INR 5,900 Million is now held in deposit accounts as on 31st March 2017 which is more than double the previous year balance of INR 2,860 Million. Through the year, the company earned INR 259 Million in interest.

If we make a rough calculation that the average deposit balance in the year was an average of the balance as on end of FY 2016 vs end of FY 2017, the return is merely 5.9%.

During the year, the investments made by 3M India seems to be only INR 141 Million under the head – “purchase of property, plant and equipment and intangible assets” – which is much lower than the hit taken due to depreciation and amortisation which was INR 467 Million. Further, they clearly mention that capital investments during the year were at INR 138 Million (INR 106 Million in 2015-16).

So in summary, their entire capital investment needs for two full financial years could be covered by just the interest they earned from cash deposits in this year.

The operational expenses on manpower and “other expenses” which probably include promotions grew by INR 749 Million year-over-year but this was amply covered for by growth in revenue (their margins have been steady) and hence cannot be a reason to hold back a lot of cash.

So no, they don’t need the money.

Question 2: How do the promoters get a return on their investment?

So you might be thinking, what does 3M USA get out of all this since there are no dividends. So we start examining whether 3M India has made payments to 3M USA. Here is a summary:

3M India was to receive from 3M USA a sum of INR 1,085 Million by performing contract research, sale of goods and re-charge of expenses.

3M USA was to receive from 3M India a sum of INR 9,769 Million out of which INR 8,150 Million was due to purchase of materials. This leaves a sum INR 390 Million in royalties and INR 1,167 Million as “Corporate Management Fee” that 3M India paid 3M USA. These two heads are together equivalent to a full 65% of 3M India’s reported net profits.

Without these items, the “presumed” profit grows to INR 3,940 Million. So this indicates that the royalty is computed as a full 10% of this figure. This is somewhat justifiable given the product research done by 3M USA that 3M India would be leveraging but seems on the higher side.

The “Corporate Management Fee” on the other hand, seems to be the equivalent of a promoter dividend since 3M India has a well-qualified management team and it is unclear what value 3M USA adds here. The fee takes away another 30% of the “presumed” profit of INR 3,940 Million!

Upon closer reading a few of these items like leveraging corporate processes and IT systems from 3M USA do make sense but others do not. Also the quantum of this payout seems absurdly high!

Click to expand
So 3M USA has basically taken out 40% of the profits under these 2 heads!

Given they have more than enough cash stowed away and they pay out 40% of the presumed net profit to the promoters it is unjustified for common shareholders to swallow their commentary on why they need to retain all their earnings.

Question 3: Why do minority shareholders keep quiet?

It looks like 3M India addressed 57 shareholders complaints in 2016-17. This is not a low number. I doubt investors are keeping quiet. However the biggest minority block are FPIs for whom the 6% interest earnings on cash deposit is not bad compared to returns across the globe.

It is unlikely that 3M India will hear these voices given the degree of management control they have. There is also no scope of a buy-back given the promoter holding of 75%.

What would an investor like them to do?

With a presumed profit of INR 3,940 Million:

  • they could continue paying the 10% royalty (although a decrease could be called for)
  • completely remove the “Corporate Management Fee”
  • pay a special dividend to bring out money from bank deposits
  • pay a post tax dividend of INR 1,556 Million which would compensate 3M USA for the loss of the above fee but also reward common shareholders

What should an investor do?

  • Raise a complaint with them
  • Attend their AGMs and vote against the current royalty and fee structure.
  • Complain to SEBI

Note 1: All numbers are quoted from the Annual Report for 2016-17 published on their website. I am happy to correct any numbers that are incorrect.

Note 2: Updated with breakup of corporate management fee on 20th Oct 2017.

Disclaimer: I don’t know if 3M India is the norm (likely) or the exception. I have not checked if other listed subsidiaries of MNCs in India also do this. But other companies doing this should not be a reason for 3M to do the same.

The Field Narrows at Roland Garros

Actually playing tennis made me look beyond being a pure fanboy (vamos Rafa!) and appreciate the game and its talents a bit more. So for someone who loves following tennis, the closest French Open in over a decade might be upon us. Rafa’s bastion was breached last year with Djokovic striking the decisive blow but Wawrinka grabbing the trophy by turning up in his career-best avatar.

An improving Murray and Nadal with a slight dip in Djokovic’s clay season has made this year’s edition very interesting. Let us look at the contenders now that there is no outright favourite anymore.

Image Source

Djokovic: The safe bet

A betting man shouldn’t look beyond Djokovic. He was stopped only because Wawrinka played the best tennis of his life last year. He has raked up a crazy number of points and there is day-light in terms of ranking points between him and the second-ranked Murray. Djokovic won in Madrid and rescued lost causes repeatedly at Rome to showcase his mental strength and extremely strong gameplay. His shots are flat and fast and give little time to the opponent at decisive moments.

Detractors might point to his defeat by the unfancied Jiri Vesely in Monte Carlo and his relative subdued performance at Rome where most players pushed him hard with Murray triumphing in the final. His dropshots to end points prematurely were picked off easily by Rafa at Rome. He does look a little less invincible than before and this means the other have a chance. It is a slim one though as Djokovic is harder to beat over 5 sets than over 3.

If it was general tiredness causing a lower performance in Rome then the 10-day break should help him get back to prime fitness. But the pressure will be immense given the French Open has been a jinx for him over the last 2 years and the only Grand Slam missing from his trophy cabinet.

Murray: Will the real Slim Andy please stand up?

Murray, who has never really found his feet on clay despite formative years in Barcelona, is now the top clay-court player (ever so slightly) over the last one year when it comes to win-loss records. He pushed Djokovic to 3 sets at Madrid and beat him at Rome.

His improved clay-court performance is at a level now where it is hard to predict who will win over 5 sets, Djokovic or Murray. His second serve is much improved and his court movement and backhands are giving him an advantage. His mental strength has improved. All this means Murray probably has the best chance of pulling off what Stan the Man did last year.

I think his biggest enemies are his back issues and mental strength against the strongest opponents and he will be hoping they keep away at Roland Garros.

Rafa: Much improved, but more is needed.

Nadal ranks #2 if you look at win-loss records in clay over 52 weeks. This is deceptive because Nadal has more losses but balanced that by playing more tournaments. During this clay season he did defeat Murray, Nishikori and Wawrinka apart from tricky upstarts like Fognini, Kyrgios and Thiem who’ve beaten him over the last one year. He managed to win Monte Carlo but came up a bit short against Murray and Djokovic at Madrid and Rome.

The improvements are noticeable. Deeper and stronger forehands, better serving and solid backhands along with his usual quick court movement and defensive skills give him some chance. The confidence is back, more or less. He has been frank about his mental struggles so I would believe him when he says he is feeling much better now.

He still needs to do better in the close moments against the top players as he was a break up in both sets against Djokovic and still lost in straight sets. He stopped hitting the deeper shots at important moments and tried to play safe. It may work against most but not against the top 2. He also seems to fear the Djokovic cross-court backhand a little too much and avoids going cross-court with his forehand against him. He finds it more comfortable pushing at the beginning of a set and taking early breaks but he needs to find a way to stay competitive at the end.

Nadal is also someone who can take time to come up to full speed and a ranking of 5 meant he might run into Djokovic in the Quarters like last year. But Federer dropping out means he can breathe a bit easy although Fognini, Thiem and Tsonga may all test him first.

The others

Wawrinka has had a poor run of form and is unlikely to defend his title. But as I write this he is up a set against Cilic in the final at the Geneva Open. If Stan the Man decides to put on a show he might still make it all the way.

Nishikori is consistently good but not good enough to win top-level tournaments. He did win clay titles at Barcelona twice in 2014 and 2015 but the Masters and Grand Slams are a different cup of tea.

The best challenge from the next generation comes from Nick Kyrgios, David Goffin and Dominic Thiem who are now beating top 10 players fairly often. Krygios has a pretty good rate of defeating Top 10 players but is too erratic to be consistent over 7 rounds. David Goffin handed 2 bagels to Tomas Berdych recently and has a decent record against top 10 players. Thiem always seems in the cusp of a breakthrough season.

The draw at Roland Garros puts Nadal and Djokovic in the same half while Wawrinka needs to get past Murray to get a shot to defend his title. The overall quality of play may not reach the greatest heights because the only top player who seems to be in career-best mode is Murray. But this does mean we can expect some exhausting rallies and tight matches as everyone races to try and deny Djokovic the Career Grand Slam!


Financial Literacy: Or a Guide to Escape “Millennial-style Poverty”

Buzzfeed did what they are good at and used some random anecdotes and created click-baiting content around millennials and “urban poverty” that has generated lot of outrage. This post is not yet another sarcastic take on that. If you set aside the extreme examples used by Buzzfeed and just look around, you will find that financial literacy is a rare commodity. The outrage against Buzzfeed for simply pointing this out seems a bit rich.

I am no less guilty. It was not until I was almost 30 that I probably looked at this as a serious thing in my life. Putting your money to work is powerful. It can help you retire early, sleep peacefully, resist financial shocks, create jobs and even change society. Raghuram Rajan spoke recently about money and what it enables:

“In a free market, all it takes to buy what you want is money. You do not need a pedigree, a great family history, the right table manners, or the right fashionable clothing or looks… It is because money has no odour, because it is the great equaliser, that so many people across history have been able to acquire resources and invested them to make the world we live in.”

Many of the top jobs in the world are all related to efficient capital allocation. Warren Buffet and Charlie Munger at Berkshire Hathaway are a prime example. Google co-founders’ new structure with Alphabet/Google is to enable them to allocate capital more effectively. Cyrus Mistry with the Tata Group has top Managers for every group company while his main focus is strategy and capital allocation. Actually every CEO/Board is supposed to have this as a primary task. If they cannot do better than their shareholders in managing capital then it is in the shareholders’ interest that the company pay dividends with all their profits.

So companies invest in new projects or products in search of wealth creation and financial security. Are these not the same primary reasons why individuals work their whole life? So take charge and be the CEO of your finances. The first step is getting your finances from the red to the black. So you must save.

How much should you save?

It depends on one’s earnings on one side and goals, responsibilities, lifestyle etc. on the other. Do you want to do an MBA? Raise a family? Couple of holidays a year? Build a corpus for a startup? Repay loans? Make a list! Build a career that helps you grow earnings over time. Have a lifestyle that doesn’t break your bank account while indulging yourself.

Improving your lifestyle with increasing salary is fine but try to expand your margin (percentage of savings) while doing so. Don’t grow costs as fast as income. When calculating costs include large one-time expenses like a phone, furniture, a car or a wedding.

Consider this. Let us say your income grows at 10% a year but costs at 5% with an initial savings %age of only 12% of income. You will find that annual income doubles in 8.5 years; costs only in 15 years and absolute savings double in 3 years! I know this seems unrealistic but even a 1% difference in the growth rates gives your long term savings a good boost due to the compounding effect. Conversely, if costs grow faster than income even slightly then you will be bankrupt in a few years. Work out the numbers. In the below charts, the axis on the left represents income and expenses and the other axis shows the %age of savings.

Psychologically, saving is basically about discipline. Build it.

Is it enough just to save? 

The simple answer is no. Money loses value with time. Even if you don’t lock it up in your safe at home, savings typically lie around in savings accounts or fixed term deposits that pay you some interest. This interest rate even if it seems high does not beat inflation (or not significantly enough). Raghuram Rajan explained this with his dosanomics but anyone who buys milk or eats at restaurants would know this. In a low inflation environment it is possible to squeeze out a bit more from these avenues but inflation is a cyclical beast. You cannot trust Governments to have policies that control inflation very effectively.

The second beast you need to fight is taxation. Let us say you saved 100,000 rupees and invested somewhere and earned 10% (10,000 rupees) on it. Depending on the type of investment you may have to pay taxes on the interest earned. This reduces your effective return to 7% if you are in the highest tax slab!

So your tax-adjusted return has to beat inflation over the long run if you want to create wealth.

How do you do this? 

Invest. In India, for all our faults we have fairly well-regulated banking and financial markets. Yes, there are crony capitalists who run down banks and corrupt promoters who loot companies but we are still better off in this regard than even China where bad debts are mounting and the stock and real estate markets have reached crazy bubble situations. If you don’t know enough about stocks then invest in a simple diversified mutual fund. Mutual funds invest in both stocks as well as bonds. In my opinion corporate bonds are no more safer than the stocks so you might as well stick to equity.

Most people cannot pick stocks that beat the market in the long run? Why? Because the market is simply the superset of all people and random factors play a significant role. There are bound to be a number of people who do worse than the market. Also, investment returns are highly variable because of the huge differences in risk appetite and staying power between investors. Even fund managers are not immune to this. You are also not immune to this. So if you don’t know how to do this, stick to equity mutual funds.

To learn more about investing directly in stocks, read up. Building skills like the ability to understand balance sheets, income statements, cash flow accounts and annual reports all come in handy. Every public company is supposed to publish these on their website. But there are some services that compile and share details that you need: Screener and Craytheon (subscription required) are examples of financial data providers in India. There are equity research reports you can get your hands on here: Morning Star India (login required). If you want to know about all the pitfalls of stock and bond markets, read the age-old book by Benjamin Graham, The Intelligent Investor. The author is Warren Buffet’s guru and started teaching investing right around the time of the Great Depression.

But aren’t stocks risky? 

Psychologically, investing in stocks is about patience and keeping faith in your judgment even if there is panic around you. Have you heard about the relative who bought a stock after he saw in the news that it grew by 40% and then saw it tank? Have you heard about a friend who panicked and sold shares at a 20% loss because the markets were in a seemingly bottomless downtrend? Let us borrow the Mr. Market allegory that Benjamin Graham created and show why this is poor judgement.

Mr. Market comes to you every day at a fixed time and either offers to sell you a kilo of onions or buy the same from you. He sets the offer price each day but you have the freedom to accept or reject the transaction. Let us assume that the supply and quality of onions are steady and that over the last year the cost of growing and transporting onions to markets was 20 rupees a kilo and you know all this. If he comes to you and offers to sell onions at 40 rupees today, will you buy it? What about at 10 rupees? What if he offers to buy your onions at 10? Will you sell them? What about at 50 rupees? The decisions seem quite obvious! Assuming the quality is the same, you buy when prices are low and sell when they are high.

Yet, in the stock markets the behaviour is completely opposite. Note that companies declare results only every 3 months. Minor news does come up every now and then but that doesn’t justify the daily price changes of the markets. The markets are volatile (different from risky!) because of various factors like staying power and leverage of the participants.

In the onion example, what if you had borrowed money and purchased onions at 20 rupees. You have to return the loan in 2 days. Mr. Market was offering 25 a week ago, 19 yesterday and only 17 today. Will you sell now or wait? Don’t borrow to invest! That way you can improve staying power. You should be the one who buys the onions at 17 rupees from this guy who is forced to sell!

The other factor that influences staying power is using the stock market to make a quick buck in a short time for an upcoming expense. If you need to pay the down-payment on a house in 6 months, don’t invest your currently saved corpus in stocks. When the market falls, you will sell at a loss.

All this assumes that fundamentally the stock is good, so do your analysis. As opposed to market volatility,  risk comes from the fundamentals of the business and industry of the company. Stocks don’t offer a guaranteed return and any business has its risks. Diversifying is one option to mitigate against risk if you don’t get too much time to do research. But studying companies and the market conditions well is a better option based on my personal experience.

The key questions are: Is this business doing well? Is it available for less than what it is worth? Is the management team qualified and ethical? What is their track record? Do they have loans under control? How are they doing when compared to competition? Yes, it’s a lot of work. You will have to sacrifice a couple of weekends every now and then to do this right! If you cannot do this, then invest in mutual funds.

Buying more without panicking when the markets are down lowers your acquisition costs and can boost future returns. You can take advantage of volatility while being cognizant of business performance and challenges. If you invest 10,000 rupees a month when the stock trades at 100 you get 100 shares. When the stock trades at 50 you get 200 shares for the same amount. Your average cost is not 75 but 67! When the price gets back to 100 you make a cool 50% return.

So market irrationality can increase a sensible person’s returns!

The best market for someone who is going to invest every month for a long time is actually a prolonged slump when stocks are cheap and an eventual rise. But stocks are cyclical beasts just like inflation. Disciplined regular investing still beats trying to guess when the market will be low.

I said earlier that fund managers are not immune to irrational behaviour. Why? If you can enter and exit funds at any time and a fund is composed of irrational investors then people redeem when markets fall and buy when it is high. The fund manager has no option but to follow this inflow and outflow of money. Exit loads are used to control this behaviour but I doubt they are effective. Funds are still better than speculation or bank deposits. Some funds also control entry/exit with some rules.

The other reason why stocks make sense is that we don’t have any taxes on long-term capital gains on stocks in India (at least for now). Plus “long-term” for stocks is just 1 year compared to real estate which is 3 years.

What about real estate?

Buy a house if you want the psychological comfort of your own home or to retire in when you are not earning any more. But remember that it may not be good enough as a pure investment. Everyone knows people who multiplied their money in real estate. But it is not for everyone. Property titles and guarding them is a risk. Luck and location play a large role. Built-up property depreciates no different than a car some times. Plus if you move for work you need to manage tenants remotely.

Home loans to buy property makes it an even more doubtful investment as the tax-adjusted return needs to now beat your tax-adjusted loan interest. Transaction costs are high especially if you need brokers to manage it.

Long-term capital gains taxes are also applicable beyond 3 years. A lot of real estate transactions also happen in black in India to avoid registration fees and taxes or simply to hide ill-gotten money. So be careful!

What about trading?

My belief is that you should not speculate unless you can afford to gamble. Every day-trader boasts in public only about the wins. No one wants to admit how they washed all their money down the toilet betting daily in the markets. Plus there are some trading strategies (using certain types of futures and options) that have limited upside consistently which look like regular income but unlimited downside when rare events happen that can wipe out a whole lifetime of upsides. Be doubly careful!

When an online broker offers you a loan to trade, be very skeptical! If money could be made by trading this way, they would be trading with their money and not lending it to you. You would be better off investing your savings and spending your work day building your career thereby increasing your future savings!

If you made great money while trading, congratulations! You don’t know how lucky you are. The rest of us need to find other ways.

What if markets fall and fall hard like the recent recession? 

If you have staying power of a few years and don’t need the money immediately you can weather the storm. You can do this if you have protected yourself against shocks (see below) especially if you haven’t got fired. If you still have your job, you can buy stocks at a hugely cheaper rate to lower your costs and gain when the rise happens. You can also sell when markets are irrationally high because usually this means a hard landing is coming up. Markets usually bubble up when there is cheap credit in the market. Why would someone pay 40 rupees for something worth 20 rupees? May be because they saw it rising and were offered a loan to participate in the boom. When this free money dries up there is a hard landing as there is a race to sell and recoup money. So normally hard landings are preceded by booms.

In the onion example, you can sell your entire stock when you are being offered 40 for something that is worth 20. You do this either because you want to book gains (if your job security is low) or don’t have staying power when the hard landing comes. If not, stay put!

What about my own business?

Sure. If you are passionate and know your stuff, go for it. You are the job creators Rajan spoke about!

Think of it as investing in your one single company instead of investing in many others. I don’t have any personal experience here so I wouldn’t claim to know anything about this. From what I have seen and heard though, keep tight financial control and monitor your company performance the same way you would judge a stock you are evaluating. Don’t rely on your accountant to understand your company’s performance and money-making (or burn-rate!) model. Build adequate protection against personal financial shocks.

How do you deal with unpredictable financial shocks?

Keep some liquid cash in savings or deposit accounts. “How much?” depends on your needs. If you are an employable bachelor who has no dependents may be a couple of months salary might do. With a family you might need more. With loans, even more.

Also if you have a large expense coming in a few months (say a wedding), it is probably not a good idea to park money in stocks to pay for this because your staying power is low if the market drops. Try to plan well in advance (18 months or more) or alternately park the money in more liquid assets with guaranteed returns.

Get insured! Insurance is a way of protecting you and your family from shocks that you cannot afford. Get life insurance and disability benefits to more than cover your loans and the needs of your dependents. Get medical insurance for dependents or work at a company that covers this. Insurance is cheaper earlier in life. So do this sooner rather than later.

Insurance is not like another expense. It is basically downside protection for your investments against an improbable negative event. If you need 1,000,000 rupees for a medical emergency, it can wipe out several years worth of savings.

Insurance is not an investment either! ULIPs and other fancy products neither give you enough insurance coverage nor enough investment returns. Also insurance companies are not necessarily good money managers. Buy term insurance so that you pay only for the risk and not to inflate the insurers bottom-line.

Can it all still fall apart financially?

Statistically in a planet of 7 billion people, there are going to be some who did everything right and then got screwed anyway. So invest in yourself and your family: health, skills and relationships. A gym subscription, learning how to code or cook, teaching life skills to your kids early are all intangible investments that can be invaluable during hard times. A come-back will be made. 

Umberto Eco: A Tribute

Umberto Eco is one of the authors whom I really admire although it has been several years since I read his books. Popular culture knows him as the one whose Foucault’s Pendulum foreshadowed medieval conspiracy theory fiction such as Dan Brown’s The Da Vinci Code. He is also known as the author of The Name of the Rose which is a detective story set in medieval times and was made into a movie starring Sean Connery.

He was an expert in the medieval history of Europe and a Professor of the mysteriously named field of Semiotics. No one else has done more to popularize this field and its use in interpreting historical findings. His knowledge of these two areas were ingrained in his thinking as a philosopher and his writing.

Semiotics refers to the study of signs, their interpretation and use in communication, and their link to language. Since these are a lot of heavy words, let me give you an example that we can all relate to. I had a twitter account under a different name. When I created this blog, I wanted a matching twitter account (no, I don’t really use it!) but “@nilambar” wasn’t available. I was under the invisible time pressure we all feel when creating a username on online signup forms. So in my panic I was searching the screen and my room for some clue.

Here is a screenshot of the top right section on twitter:


This + “nilambar” = “quillambar“! I know the end result is extremely cheesy but let me explain how my brain worked: Green post button with feather logo -> a feather is used to make a quill which is used for writing -> rhymes with nil -> bingo!

After observing the icon, this whole cognitive process took less than a second. This is a simple example that shows how a sign (feather) combined with context (writing), produced an idea (quill) that produced a word (something related to writing + the rhyming?). There are probably interesting neuro-biological aspects to this as well but we will stick to the subject here. Semiotics is basically a formal study of such processes from the perspective of history, language and communication. Eco wrote definitive textbooks in his main field of Semiotics.

He also wrote more accessible essays where he deployed these skills. After a visit to the US, he wrote essays published as Travels in Hyper-reality that explore the reasons for America’s fixation with living life larger or in recreating reality (replicas of the Oval Office or installations in Disneyland) based on his observations.

He was an expert on the medieval and Renaissance period in Europe. He could connect historic development right from the crusades and the inquisition to modern times. But I don’t think Eco wrote a popular or academic book that purely covered history unlike for example, William Dalrymple’s research on Afghanistan or the Mughal times in India. Instead he liked to combine a lot of historical fact with handcrafted fiction and his most well-known novels do exactly that.

As a widely read person, he felt every book referred to many others consciously or not. Nassim Nicholas Taleb speaks about the massive library of Eco in his book, The Black Swan, and calls it the “anti-library” of which I wrote here. Taleb also calls him encyclopedic.

He wrote a set of essays, On Literature, that demonstrates his wide range of reading. One of themes was that Literature reinvents itself with the sensibilities of every passing age. The other theme was on the nature of writing. The last essay here, “How I write” has some immortal lines on the last page:

“There is only one thing you write for yourself, and that is a shopping list… One writes only for a reader… Whoever says he writes for himself is not necessarily lying. It is just he is frighteningly atheistic. Even from a rigorously secular point of view.

Unhappy and desperate the writer who cannot address a future reader.”

He combines knowledge of semiotics, history and literature into his fiction as demonstrated in The Name of the Rose:

  • The name of the book is not explained in the book and has no connection to the story. Later in a postscript he said that he chose this, “because the rose is a symbolic figure so rich in meanings that by now it hardly has any meaning left”
  • The protagonist, William of Baskerville, is a play on William of Occam (known for the Occam’s Razor principle) and Sherlock Holmes
  • Jorge Luis Borges, who was the inspiration for many of the “magic realism” writers in South America like Gabriel Garcia Marquez, was a favourite of Eco. The main antagonist in this book is inspired by him. Borges wrote about a labyrinthine Library of Babel, in a short story. Eco sets a lot of the action in his book in a similarly modeled library.
  • The inquisition and fixations of the dark ages play a big role in this book. There is a theme of searching for heresies and punishing new ideas; destruction of books and scrolls that may contain knowledge that contradicts theology.

He also wrote commentary about the now. A set of essays titled Inventing the Enemy starts out with an idea that if one doesn’t have an enemy then one must invent it. He shows that even to have an identity (as a person or a group) that has some self-worth means we must invent an “other”; something foreign and repulsive – an enemy. It shows when you look around in today’s connected world. You can have enemies who you never see or speak to, provoke, draw reactions and deliver counter-reactions, and thereby establish and celebrate your identity as opposed to the “other”.

Eco left us earlier this year and will be sorely missed but his entire body of work says that what he wrote will endure and reinvent itself. May he rest in peace.

Hero Worship

I could summarize this post pretty well with just this one name: Lance Armstrong. But please allow me to indulge you further. Most of us have our sporting heroes. Many summers ago I was asked to stay put at home for a month due to a health issue and this coincided with the Tour de France. This was the first time I watched the physically grueling cycling tour that had 21 stages each up to 200 km spread across a month. Just completing this would require almost superhuman effort. Lance, the cancer survivor, was pulling away from the others easily and it was natural to idolize him. He could do no wrong! We all know how that ended.

Not all sports careers end in dishonour like this but ups and downs are part of the story. People watching Sachin bat in his last two years yearned for the Sachin of old. Federer hasn’t won a Grand Slam in years now but even in his glorious peak he struggled at the French. Obviously one of the “downs” comes at the end of one’s career unless like Sangakkara one retires at one’s best. But no one is completely infallible and failings are exposed at various stages. In fact, failings show what it takes to reach, perform and stay at that level – years and years of training with extreme physical and mental conditioning combined with a good dose of luck.

Even knowing all this, rational people still expect their sporting heroes to be infallible and are hugely disappointed with their failures. Sports is not the only place where it is common. Vijay Mallya was the toast of the town in the mid-2000s for his flamboyant lifestyle to the same guys who are panning him now. Everyone aspired to live like that! Narendra Modi, Jayalalithaa and Arvind Kejriwal are all recent politico-social examples in India who are the subject of hero worship by some or other group of people.

What is hero worship? The folks at Merriam-Webster define it as “foolish or excessive admiration of someone”. Let’s try and understand this further. Why is “foolish” more or less equated with “excessive” admiration. There is some mathematics at work here – “Regression”. Regression always needs a context: regress (or return) to what? In the mathematical sense, the complete definition is “regression to the mean“.

The mean represents an expected or average or natural state. When something very positive happens you are above the mean and conversely you can go below. The concept of regression says that you need to return toward the mean in any random process such as life. Daniel Kahnemann in his book – Thinking, Fast and Slow – gave an example of pilots who were scored during their training sessions. The pilots who got extremely high scores in one session and were lauded for that almost always performed more poorly in the next session. There was a lot of analysis to see what was going on – were the praises leading to nervousness next time, were they overconfident? But in the end it was down to the concept of regression. Each pilot simply regresses toward their own long term mean score.

What does this have to do with hero worship? Normally when someone gets famous or infamous in the media they are either on a sharp uptrend or downtrend from their mean. Usually the ones on an uptrend are eulogized and turned into heroes. So we observe someone at their very best (well above their mean probably) and turn them into our hero. What Social Media does very well is make this trend viral so that more and more people do this and now you have a critical mass of people who think this person is a hero. People also judge that if the person could do X very well (which is what brought them hero status), they will also do Y very well. We know from sports that this is unlikely but we still believe this when it comes to business, religious or political leaders! When regression happens this excessive admiration looks foolish!

Here are some examples:

  • Lord Ram is praised as the embodiment of ideal human behaviour due to his obedience to his father’s promise and his rescue of his wife. Regression happened when he exiled his pregnant wife. Which woman would accept this today? Note that it is very likely that the Uttara Kanda that details this episode was a later addition to the Ramayana but my point is that the people who worship him consider this Kanda as canonical.
  • Prime Minister Narendra Modi is the unquestioned leader of the BJP and is highly motivated to lead the country. Among the positives we hear how bureaucrats are more accountable and interest groups are kept at arms length to avoid “big corruption”. More pro-activeness in foreign relations and removal of obstacles in infrastructure projects can be seen. Does this mean he is infallible? Nepal getting closer to China due to India’s blockade; promotion of regressive ideas at the Indian Science Congress; rooting for “Make in India” while cutting research funding; and his general silence when it comes to contentious issues involving marginalized sections of society are all signs that he is fallible in some areas.
  • Delhi Chief Minister Arvind Kejriwal won an election on a platform of ending corruption and focusing on public services. He has delivered in several areas. But his unchallenged majority means he diluted his own Lokpal Bill proposal and expelled alternate voices from his party. Regression at work again.
  • Spiritual leader Mr. Ravi Shankar of Art of Living who is known as a philanthropist talking about how they only “leveled” the Yamuna floodplain and didn’t cut any trees betraying a clear lack of understanding of river habitats. I wrote more about this here. Modi and Kejriwal first permitting and then attending this doesn’t do them any credit either.

What should we read from all of this? All these are examples of people just being people with all their good and bad. Even from each of our personal experiences we know each of us have our own pluses and minuses. But knowing all this does not convince hero worshippers to take a step back! Hero worshippers tend to justify each action of their hero whether good or bad.

Does this somewhat blind worship make any difference to the heroes? A degree of hero worship is necessary to get people to vote you into power especially when a large part of the voting population does not see how good policy can help them. After a while the heroes (for example, Indira Gandhi) start believing in their own infallibility and this results in disaster. Such heroes fail to see the need for surrounding themselves with people who complement their own skills and instead rely on sycophants. The BJP currently praising the great “Modifier” and imposition of President’s Rule without due process in Arunachal Pradesh and Uttarakhand show increasing signs of such behaviour.

People are some times capable of great things but at other times are fallible. Our heroes are also normal people who just got famous during their high point. They can inspire us to do great things as well as wrong things. They can lead a country into war or destroy the economy with wrong policies. When there is mass hero worship we allow ourselves to be led down this path while all along we say this is for the best. Erdogan in Turkey is proving to be a good current example of how a popular leader can transform into an autocrat.

An individual can benefit from good role-models (from Merriam-Webster: “a person whose behavior in a particular role is imitated by others”). We can look at someone and say he is a good role model as a father and I will learn parenting from him. This person might be not so great at their work as a financial advisor and can be criticized for that. We can look at a political leader and say this person builds consensus well and I will learn that from her. But when she enters into a deal with a conflict of interest I can critique her. One need not worry about justifying actions of their role models! A strong person can withstand some criticism and may be even improve themselves.

Having role models allows us to derive inspiration from certain roles or actions of another person while leaving space to critique their other actions. This keeps things realistic and our political or other leaders grounded. It avoids false overconfidence in our leaders in matters they are not strong on and encourages them to augment their own weaknesses by building a team around them. For example, Modi can benefit from better Ministers in the Health and HRD departments.

Even criticizing reasonably good policy is good for the country because it encourages policy makers to communicate why the policy was created and how it will benefit us. A robust policy can survive criticism and can become even stronger.

We all like a bit of hero worship because a heroic narrative inspires us and motivates us. But we should probably restrict it to the sports arenas where it can do less harm!

















Fatherhood: The Beginning

Recently I became a new father when my wife and I were blessed with a beautiful baby girl. Although she was full term she came a few weeks before her due date. What we thought was a routine hospital visit quickly escalated and a few hours later we were holding her in our hands.

The doctor let me watch the Caesarian section and our baby came out looking like an alien covered in white fluid! She cried immediately. I remember clapping soundlessly and showing a thumbs-up to my wife. They cleaned her up and took her away for a couple of hours for some care.

I was waiting alone while my wife was being stitched up. I made a few calls and then more waiting. Soon I was sitting beside my wife while they monitored her and 2 hours after the event we went back to our room. Our baby joined us in a few minutes!


After about 3 hours of playing with her (which mostly meant looking at her or carrying her while she blissfully slept), I realized I hadn’t eaten the whole day and stepped out. As I opened my mouth my jaw started hurting. That’s when I came to know that smiling for too long can hurt!

Is this is a good use of your time?

I decided to raise this question putting at risk my meagre readership! Your decision to read this probably comes at the cost of some of your “free time”. When we are working, our employers structure our time so we don’t need to worry about managing it. This typically takes 30-70 hours a week depending on the type of work you do. Sleeping and daily ablutions probably take up another 70 hours a week. This gives you 28-68 hours of “free time” that you need to plan for.

On average humans are very poor at utilizing their time:

  • If our time at work was used effectively, better productivity in a meritocracy would lead to better rewards. This means a focus on creating processes and practices that avoid day-to-day firefighting instead of living in the crisis. However, this doesn’t happen. So fear and panic about our jobs or deadlines become the main motivators to accomplish anything at work.
  • The less said about how we use our free time the better. We might want to do X or learn Y or spend time with Z but we usually end up watching cat videos and scrolling through our social media timelines most of the time.

There are some who are completely fine with this or don’t see this as a problem. This post is not for them. This post is for those who want to do more or better but are unable to. Procrastination is the term normally used for this. A task is already defined either by the person or their employer or others. The task is ignored until the last moment. When the deadline is close, it is worked on and somehow completed but not with very good results. Tim Urban who writes at is now a world famous procrastinator who wrote extensively about this specific issue.

Let us use the Eisenhower Matrix to understand this better. You divide everything you do into 4 quadrants based on urgency and importance:


  • You have to do Quadrant 1 items. This is the work crisis or home crisis that cries for immediate attention. This some times needs high CPU usage but adrenaline will help you navigate this.
  • Quadrant 2 is where all the great achievements lie. This needs sustained high CPU usage and there will be no adrenaline to push you. Even most bosses will not push you to do these types of tasks unless you are at a higher level of management.
  • Quadrant 3 can be loosely labeled as “Somebody Else’s Problem” that you have made your own. You can delegate these to the right people and save your time but more often than not you don’t.
  • Binge watching a bad soap opera is a good example of Quadrant 4. All the time we spend entertaining ourselves could also be counted here. It is very hard to spend zero time here because even a hard working brain needs some rest. But mostly we overstay in this quadrant.

Why is living in Quadrant 2 so hard? I had posted about a book; Thinking, Fast and Slow by Daniel Kahnemann; that talks about how the mind works. The mind is easily distracted even when making important or complex decisions. Basically it likes to keep CPU usage low. Staying in Quadrant 2 requires a couple of high CPU usage activities:

  • Deciding what to do: planning, setting objectives or outcomes
  • Doing it effectively: execution

In a workplace, “Deciding what to do” is a leadership responsibility. “Doing it effectively” is a joint responsibility of all employees including leaders. For your personal time, you are responsible for both. Being consistently good at this is hard. You can read Tim Urban’s perspective here. He says you can make it easier on yourself by setting challenging goals in fields that come more naturally to you and easily motivate you. You can also publicize some of these goals in your circles so that you now feel some invisible pressure to deliver. You can literally set a fire by quitting what you do today because panic is a big motivator.

But most of all, you succeed by having the mental discipline to stay in Quadrant 2. This means that first we must plan and set objectives and then for the bulk of the time focus on the moment and execute. We all know that if we actually are focused for the bulk of an 8-hour work day, we will achieve great things. But we don’t!

Are there tools that help you with “focusing”? Interestingly, there is one powerful tool which is over 2500 years old. The new age form of this is called Mindfulness. Buddhist tradition ascribes this to the Buddha and says that this is what helped him concentrate and focus on the problem he was analyzing (the nature of human suffering). Academics still debate whether Buddha’s core teaching was this mental method as a way to analyze complex problems or the canonical doctrine of The Four Noble Truths. We don’t know for sure because the Buddhist chronicles were written down only a few centuries after Buddha died. As an Indian I can feel proud that India was the origin for both physical training practices like yoga and mental training practices like mindfulness! The sad part is that both of these are considerably less popular in India compared to the West.


What is mindfulness? It means intentionally focusing on your present experiences without distractions. This is basically what we need to live in Quadrant 2! The good thing is just like you can build muscles by physical training, you can build your concentration skills by mental training. You can start with the traditional practice called anapanasati which literally means mindfulness of breathing and then escalates into more and more advanced steps to train your mind to focus.

Does it really work? There has been a lot of scientific research into mindfulness. Research has shown that it actually modifies the brain by shrinking primitive impulse centres like the amygdala and enhancing and better connecting the parts that control attention and concentration. It therefore makes us less of a slave to stress and even to pain. Knowledge industry leaders have already taken notice and Google has a Head of Mindfulness.

You can try this at home using a simple starter video like the one below:

I’ve not gone beyond 10 minutes and I always get distracted. But if you stick with it for at least 8 weeks, you will see results. Trainer-led sessions will obviously help to begin with. There are more advanced steps you can try as you become an expert.

Managing time effectively is critical to achieving stuff in life (if you are into such things). When we consider super-achievers like Einstein (when working as a patent clerk and publishing Nobel winning papers) or Elon Musk (disrupting 3 different industries by age 40) or that guy who became a VP at your office at 35; after accounting for genetics and pure luck what remains that probably explains their success is their relentless discipline in living in Quadrant 2.

P.S: Before I sign off, I need to get back to the title of my post! Is this a good use of your time? If you think not, I can still live with it because you will probably thank me later! Those of you who think otherwise, thank you for your time…



Degrading the Environment, Indian Style

In my first post on this blog, I tipped my hat to The Ugly Indian. Let’s face it. India is ugly and it’s because of us, the people. Dirtying takes almost zero effort and a cleanup takes a few orders of magnitude more effort. Think about your room. It probably takes a minute to mess it up and an hour to clean it. As a tax-payer, I disagree when people dirty everything and ask the Government to clean up. Tax payer money should be invested in processes like sewerage lines and treatment plants etc. With the right processes it should not be necessary to use tax-payer money to clean lakes and rivers if people took some real responsibility. An unapproved layout next to a lake, dumping sewage in storm water drains, refusing to segregate garbage and similar crimes are the real problem. Let us see how disaggregate (micro-level) behaviour and thinking adds up and affects us at an aggregate (large-scale) level.

Here is one of the most sacred parts of the Bhoganandeeswara temple (near the Nandi Hills), which is over a thousand years old, on the day after the Maha Shivaratri festival. Plastic is floating around in the tank. I did not take any other pictures of the temple grounds that day because it was disgusting to see garbage everywhere. This was the least ugly place if you discount the sanctum sanctorum! An employee of the temple had just started the cleanup which would have probably taken several days.


Here is a picture of how it looks otherwise:


There’s even some wildlife here:


I know I am generalizing but an average Indian just doesn’t care about the environment and our actions show this. It looks like the same attitude seeps into our panels and authorities who assess environmental impact of large-scale projects because after all they are people drawn from the same pool. But they have the capacity to do large-scale damage that costs lives.

Here is an example. This is a satellite photo of Chennai Airport in 2000. The airport is pretty much in the flood plains of the Adyar river and the smaller runway is almost touching the river.


In 2015, this is how the airport looks like. The smaller runway has been expanded and extended over the river! It is practically a dam because going by the typical Indian construction standards there would probably be debris under the bridge!


In case you think the river flow is low and cannot do damage, see the below picture which is more zoomed out compared to before. You can see the huge Chembarambakkam lake (upstream and on the left of the picture) from where excess water was released and drowned Chennai Airport (downstream and on the right) along with a lot of low-lying areas last year. Obstructions like this on the Adyar river and its floodplains amplified the flood damage immensely and cost several lives.

Lake and Airport

A similar lack of logic was used to approve the World Cultural Festival (organized by Mr. Ravi Shankar’s Art of Living Foundation) to destroy the Yamuna flood plains which are already under attack in Delhi. The event is being organized in one of the widest areas of flood-plains within the city limits. People who can influence the public need to be more responsible and informed before they speak on any topic and this article quoting Mr. Ravi Shankar shows why. There simple references here and here that you can go through to understand why floodplains are important and should not be encroached.  His statements betray a lack of understanding of this.

There is another side that says Mr. Ravi Shankar has the best of intentions and has a track record of cleaning rivers. I have not verified this. But whatever the case may be, the floodplains should be left as is. Even if Art of Living conducts this with zero impact to the environment, it sets a bad precedent. What if a super-rich guy wants to do a mega-wedding here tomorrow? Why not a rock concert?

I am sure a better place can be found for the event. Why not conduct it in a stadium and telecast it on TV? 3.5 million footfalls in 3 days in one place is a safety and security nightmare anyway!

The latest developments cannot be seen on the satellite images but you can observe how the flood plains are eaten away and streams are blocked over the last decade or so.

Yamuna floodplains 2004:


The same in 2015, before the additional developments to host the event, show how the urbanization is catching up: new bridges, roads, construction on the western bank, old streams are now clogged or blocked and so on. I have approximately labeled the affected zone with a red rectangle based on what I read in news reports.


The floodplains in the eastern bank next to the Mayur Vihar metro station where the World Cultural Festival is organized is about 450 hectares in area. The western bank is about 200+ hectares. From news reports, we hear that 50-60 hectares have been leveled and debris has been dumped and a pontoon bridge has been built across the river for this. Although this is 10% of the area, it will affect the larger ecosystem. Delhiites may be able to point out which areas on this picture are actually affected now. Please comment below if you know.

Floodplains are naturally marshy, have grassy vegetation and open gravelly/sandy surfaces to to absorb excess flow when required. Aquifers are also recharged with this type of geology. Planting trees in such areas doesn’t make sense because they are naturally not part of the floodplain ecosystem. Not so long ago, during the 2013 North India floods the Yamuna had completely engulfed its floodplains in Delhi.

Since there are no free images, here is a screenshot of this from The Hindu:


We are taught in Universities to plan for 100-year floods. Now the memory doesn’t even extend 2 years! The National Green Tribunal (NGT) has been given some teeth to deal with all these macro problems and I hope these are not of the milk teeth variety.

Another area where we see major issues closer to my home is solid waste management. A space-constrained India that organizes events on floodplains doesn’t have the places to dump garbage. This picture below shows Mandur evolving from a sleepy farming village in the outskirts to being the favourite garbage dump for Bangalore. The images are from 2005 and 2014 respectively. Note that this is now one of many such landfills.


Food waste, plastic and metals are not items that should end up in a landfill but they do. The villagers here are sick of this “deal with the devil” and now want out. The real problem is that waste segregation by people is not universal and processes to take this segregated waste are not robust enough. The latter is BBMP‘s responsibility but the former is all about the people: you and me. A court decision cannot solve this unless people become more responsible.

This is what happens to segregated waste:

  • Wet waste is all the food waste and this can be composted at home or at larger composting plants. The output is manure and can be used for organic vegetable gardens at home.
  • The dry waste is mostly paper, plastics, metals etc. and these can be recycled at automated plants. Recycling plants sometimes pay people money for this waste!
  • Sanitary waste goes to a landfill

Today, most houses in Bangalore mix and send all of the above straight to the landfill therefore multiplying by several times what each one can handle. It is immensely hard to separate the mixed waste into components for composting or recycling. There are also process failures from the BBMP because in some areas people segregate the waste but it mixed when collected.

There are, of course, some encouraging signs. I’ve seen experiments at our apartment that kids can be taught and are also good at enforcing their parents to be more sensitive. It helps if every house has one person with an environmental OCD. Be that person! The segregation initiative in our apartment building works pretty well and the ladies and kids go door to door to explain this to new folks who join the community. If we did segregation properly we wouldn’t have the Mandur problem. Only sanitary and hazardous waste would go to landfills. As I write this, I also hear that plastic is to be banned in Karnataka and I sincerely hope it is implemented. We need to ensure those who depend on the plastics for their livelihood have viable alternatives and that people are sensitized and trained. Otherwise this is a token initiative that will be destined to fail.

I am not starting a blame game here or pointing a finger at one group. I am equally culpable when I order takeout food and send plastic containers to the landfill. Is there a better way? This thinking is needed at every level, whether individuals or Governments. Japan needs to think about better design to prevent radiation leaks at nuclear plants built on a tsunami-prone coast or the US about oil spills in the Gulf of Mexico. The purpose of this post is to encourage us to question what we do today and do better next time.

I was discussing this post with a friend who pointed out that George Carlin once said:

The planet has been through a lot worse than us. Been through earthquakes, volcanoes, plate tectonics, continental drift, solar flares, sun spots, magnetic storms, the magnetic reversal of the poles … hundreds of thousands of years of bombardment by comets and asteroids and meteors, worldwide floods, tidal waves, worldwide fires, erosion, cosmic rays, recurring ice ages … And we think some plastic bags and some aluminum cans are going to make a difference? The planet isn’t going anywhere. WE are!

We’re going away. Pack your shit, folks. We’re going away. And we won’t leave much of a trace, either. Maybe a little Styrofoam … The planet’ll be here and we’ll be long gone. Just another failed mutation. Just another closed-end biological mistake. An evolutionary cul-de-sac. The planet’ll shake us off like a bad case of fleas.

This is not about Planet Earth which, given time, can probably evolve intelligent life that eats plastic. This is about the survival and well-being of the species that call this planet their home today.

My Experiments with Tennis

Recently I had a crisis of the kind that come up only when your age reaches decadal round numbers. I graded myself on a number of parameters and came up short on several. Career-wise I was fine with what I was doing but everywhere else there was an issue. I hadn’t played a sport or done any physical activity seriously for the latter half of my life. A few games of cricket every couple of years don’t count! I had somewhat kept up with my reading but writing was a zero. This meant I had to do something so I started with yoga and this blog. Yoga, primarily because I didn’t need to find company and it would be good for my back as I have a lower back issue.

This went on for a couple of months and I was doing fine. Yoga was good for me but something was missing until a friend persuaded me to join him for tennis. Over the last few years quite a few tennis places have sprung up in the area where I live in Bangalore. This place – True Bounce Tennis Academy (TBTA) – sounds all structured and rigid but was quite informal. The coaches there were mostly young chaps and knew how to deal with corporate types like me with a good dose of humour to motivate us! They had to be more patient with us than with kids who might end up making a career of this. A few months prior to this, I had gone to enquire at a different place where the dealings were quite different: pay us X for 20 classes; we teach you stuff and test you at the end; if you pass you get to play a person of appropriate level. Makes logical sense but sounded too cold and intimidating to me to go there. I more or less did the same at TBTA! But it was a fun process.


On day 1, I was down on my haunches in 15 minutes of drills. I couldn’t run any more. This is how the drills work. The coach sets up his position at one point and feeds you balls by hand or racket. You run to the ball, hit it, run to the back of the queue, wait your turn, repeat ad infinitum! With queues of 3-5 people there was no break. When he ran out of balls it felt like heaven. They knew this so the coaches and ballboys sometimes decided they wouldn’t let the basket go empty! After a couple of months I could do 45 minutes of drills. The drills help with fitness, movement and building skill with strokes. It also builds muscle memory. You then get into practice sessions where you hit with a partner or coach. The serve has to be practiced separately. Everything is harder than it looks when you watch the Nadals and Djokers fight it out!

The game was addictive and for several months, work and tennis were all I did. No blogging, no yoga. A confession: I am a huge fan of Rafael Nadal. I believe he won the 2014 French Open final against Djokovic solely because I sat in a certain spot for the longest time before emptying my tank! So running around a clay-court was awesome for me. But having played for a year, I would say my hero-worship has reduced. Getting beaten 6-0 by the coaches here who themselves would get beaten 6-0 by a top-300 player who don’t stand a chance against the Top 30 or Top 10 is humbling. Imagine the Top 4 (yes I know Nadal is out of it now!) in such an environment. We just have to enjoy the show put over the last few years by all these greats. This doesn’t mean I’ve switched camps but at least I swear less now!


Tennis is quite hard on the body. You need to be able to sprint quickly, do turns at a moment’s notice, switch wrist and elbow actions with each stroke, strength and action on the upper body to impart both power and spin to the ball, head movements during serves and strokes and maintain all this for a couple of hours to play 3 sets. The funny thing in tennis is it takes more strength to hit a slightly slower shot with topspin than a speedy shot with no spin.

Forehand bio-mechanics is demonstrated in this cool sounding Swedish video:

If you are gifted with awesomely fluid bio-mechanics (read Roger Federer) there is nothing like it. Experts recommend that serious players train as much as they play. Interval training for stamina, lifting and rowing exercises for upper body strength, and movement exercises are all essential apart from the usual warm-up which is the only thing I did! If you have a choice, a clay-court is better for your body than the concrete hard-courts.

It finally caught up with me physically. My lower back was the weak spot but somehow it held up fine. My fitness improved. I had knee niggles at the beginning that got sorted out as I played more. I paid careful attention to my grip so that my wrists were fine (my friend got wrist injuries so this is important). I used to get niggles in my neck area and I wasn’t sure how to strengthen it so I didn’t bother. Some parts of the body strengthen by just playing more but others need specific exercises or routines. Recently I sprained the muscle going from the neck to the shoulder and this caused the whole upper back to get locked up. A month of waiting to get better and building some strength. An enforced break, hence the blogging!