Industry Experts Still Worth Listening to: Industry Experts
Satyam may have turned out to be a book of lies, but listening to industry experts is still the way to go, insisted industry experts at a press conference last night. “Our predictions may not have materialised, and the word hogwash may be doing the rounds, but you need to keep listening to our views,” said an industry expert.
The last few months have been particularly bad for industry experts, as one prediction after another has fallen flat on its face. “I am still waiting for Sensex to touch the promised 30K,” said an irate man who had placed his bets on the industry experts’ expertise earlier in 2007.
“Industry experts told us that house prices would keep going up, that they had discovered a mystical mechanism to make sub-prime palatable, that the Dollar would touch Rs. 30, that oil at $150 per barrel was justified because of the gas-guzzling Chinese and Indians, ” observed a man on the streets. “In fact, Golden Peacock told us that Satyam was a shining beacon of Corporate Governance – three times!”
Tundla Junction reached out to Golden Peacock for an explanation, but could only gain access to an inside source who said, “Its those assumptions to blame – we assumed that the biryani at Raju’s office was representative of their Corporate Governance standards. Maybe we should be more careful next time.” Tundla Junction would like to advise readers that this remains a perfectly justified assumption, except that some diligence regarding the source of the biryani would have helped arrive at the correct conclusion. We can confirm that the biryani delivered by Paradise Restaurant (now open in Parsipanny) is finger-lickin’ awesome, and that its books are squeaky clean (devoid of any masala, so to speak). In our view, Paradise should have won the Golden Peacock instead.
However, a few ardent supporters continue placing their bets on the Industry experts. “I completely believe them when they say Satyam remains an attractive buy.”, said Bholanath Sen, who also watches “Aapke Taare” every morning on Aaj Tak. “In fact, had Satyam’s board listened and gone ahead with the Ujar poultry deal earlier, they might still have been board members today.”
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Paradise now open in Parsippany
Photo Courtesy: phauly
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