Almost the entire world witnessed the successful staging of the football world cup held in South Africa. The fact that South Africa could host an event of such magnitude successfully has raised the profile of not just South Africa but also the entire continent. However, South Africa also spent approximately USD 5.0 billion for the month long event. For a country facing extreme and persistent low employment, which in turn interacts with other economic and social problems such as inadequate education, poor health outcomes and crime, the excessive spending is worth pondering about.
10th Jun '10
If I talk about sports in India, the first thing, sometimes the only thing that pops up in one’s mind is “CRICKET!” That’s it. The list ends there. Not “cricket, tennis, badminton… etc”
Our standing in the Olympic Games over the decades doesn’t pose a better picture…
India first participated in the Olympics in 1900, where Norman Pritchard won 2 medals in athletics. Till date, India has been able to procure only 20 medals. 9 of which are gold with 8 of these from hockey. It is heartbreaking to see a country with population of 1.2 billion produce such few victories and have the second lowest medals/capita in the world! Maybe we can learn a few lessons from our neighbor, China. The last few Olympics, China has left an indelible mark on the score board. It currently holds a total count of 100 medals and is only 10 medals short of surpassing the USA as No.1 in total medals won. No mean feat for what was once considered a “third world country.” …read more
12th May '10
Looking at the volatility in the world markets, and given the 5 year long term horizon, I am apprehensive about investing in the equity markets. Given that today even countries are at the risk of defaulting on their sovereign debt, debt markets also seem a risky proposition. Thus I would like to invest the 5.0 million into a business which has strong fundamentals and a high growth potential. And what better business to invest in than your own!!!
What: Indoor cricket training facility: http://www.devoncricket.co.uk/userfiles/image/Indoor%20Centre%20Photos/DSC00812.JPG: