Rob Quiney, Shane Harwood & Lee Carseldine join the Champions for IPL Season 214th Feb 2009 - Mumbai : Rajasthan Royals, Champions of IPL 2008 today announced the addition of three new overseas players in their squad for the coming IPL season 2. While Rob Quiney has joined the squad as the overseas player, the Royals have announced Shane Harwood & Lee Carseldine as the replacement players for Sohail Tanveer and Kamran Akmal who will not be coming to IPL this year. The announcement was made by Darren Berry, Director –Coaching, Rajasthan Royals. Also present during this occasion was Team Physio, John Gloster.
Speaking on their selection Darren Berry, Director Coaching, Rajasthan Royals said, “It feels good to have specialists like Quiney, Harwood and Carseldine in our squad this year. Surely we will miss Sohail & Akmal, but having these players in the team is a boon to the squad. Their presence will definitely add more spice and excitement to the matches in which they will be playing. Also, joining the squad is an exciting top-order batsman, Rob Quiney who is considered as the player to look-out for this season”
Rob Quiney, Australian, is an Explosive Left Hand top order bastman from Victoria and has recently been included in the 12-man Australian T20 squad for today’s match against New Zealand. He has been rewarded this place for some very consistent performance in the Twenty20 cricket this year, with probably the highlight being his excellent innings of 91 in 57 balls for Victoria against New South Wales in the KFC Big Bash final.
Shane Harwood, Australian, is a Right-Arm Fast bowler from Victoria. He is rated one of the best T20 bowlers in the world. Nicknamed “Stickers”, he started his career in cricket in 2001/2002. He is known as a dangerous one-day bowler with sharp pace & awkward bounce. His bowling style dried-up any opposition runs. He claimed a career-best 6 for 51 against New South Wales at the MCG. He stormed on to the state scene as a 28-year-old in 2002-03 when he became only the third Australian to collect a hat-trick on first-class debut. Recently his match-winning bowling performance of 4-33 against South Australia took Victoria into the Pura Cup finals.
Lee Carseldine, Australian, is an All-Rounder, and a Left-Arm Medium pace bowler from Queensland. This season he was the Player of the T20 Series in Australia. He started his career in 1998/1999. But his career breakthrough as a senior player came with a fleeting first-class appearance against Tasmania in 1998-99 and then with berths in the state's semi-final and final teams of the 1999-2000 Mercantile Mutual Cup campaign. Back then he was primarily a batsman, reaching a highest score of 124 not out, but he picked up eight wickets to average in the 30s with bat and ball. Recently, Lee Carseldine continued his brilliant career renaissance with his second one-day century of the season as Queensland went one step closer to a place in the final with their 61-run win over Western Australia.
Tuesday, February 24, 2009
Rajasthan Royals and the art of creating wealth
With the Indian Premier League in full flow and providing such a visual delight, it was interesting to read an article by Graeme Smith titled ' My Hindi lessons are going well'. He writes that it has been wonderful moving around with young Indian players. He has been gaining a different perspective and exploring a different side of India. He never expected a South African-Australian encounter to be so tame -- he found Shane Warne warm, interesting and certainly instructive for a captain.
Never before have players of so diverse skills, talent, age groups and nationalities played on the same platform. Rajasthan Royals, who are presently leading the league table, have meshed exceedingly well as a team and put in an outstanding performance. Warne has marshalled his resources optimally and each player has chipped in his well-assigned, specific role. It disproved the earlier forecasts of experts that Royals lacked superstars and would not fare well.
Managing your financial portfolio is similar. Markowitz won the 1992 Economics Nobel Prize for his portfolio management theory. He states that it is possible to maximise returns while minimising risks by diversifying your portfolio. Effective diversification is achieved by putting your money in various asset classes and not relying on one superstar. Moreover, these asset classes should have a low correlation or in other words they should not all rise together or fall together. On the other hand, some could thrive in certain conditions and some in others. They could have specific roles in the portfolio and together as a team will maximise risk adjusted returns. It disproves the misconception of many investors that high returns can only be achieved by taking high risks.
Multiple research studies over a long period of time establish that appropriate asset allocation determines more than 90 per cent of a portfolio return while individual security selection only a miniscule part. Unfortunately time spent is totally the opposite. In my conversation with numerous investors, I am surprised by their fixation on getting hot tips on how a stock will fare rather than on economic factors driving various asset classes. Effective diversification or appropriate asset allocation is similar to cricket team selection and the single most important tool for maximising wealth.
Are there any shortcuts to create wealth?
T20 cricket has clearly and forcefully delineated the importance of team selection. Vijay Mallya , owner of Bangalore Royal Challengers has no hesitation in agreeing totally. According to him, he had erroneously taken a back seat, mixing a heady cocktail of F1 and T20 for producing real good times, while his main drivers Rahul and Charu were selecting the team. According to some allegations, they left no stone unturned and no avenue unexplored in selecting a full fledged test team smartly turned out in their flashy T20 clothing.
You can have multiple permutations and combinations for a portfolio. For example, if you have Rs 100, you can put everything in cash but it will not produce any return. Alternatively you can put the full amount in one stock, but that will be highly risky. Similarly everything in real estate will be risky and illiquid (would not be easy to sell and convert into cash). Appropriate asset allocation is achieved by optimising an equation where personal life cycle and business cycle stages are the constraints. It is akin to targeting maximum possible runs taking into account the pitch condition (business cycle stage) and the team strengths (personal stage).
The current Indian business cycle is akin to a batsman-friendly pitch where a good score (good returns) is very much possible. Presently the economic growth rate is high and not likely to be affected too much by global woes. Corporate earnings (profits) growth rate is lower as compared to preceding years but is still impressive. Indian equities will continue to perform well.
However some cracks are just beginning to appear. Inflation is higher with consequent impact on interest rates. Oil and commodity prices have risen at a fast pace. While the pitch is still good, a hostile bowler is presently engaged in a good spell. Relying only on one kind of player could lead to loss of wickets. A mix of players with diverse skill sets is required at this stage.
With the medium and long term Indian story totally intact, India, irrespective of whether iconic or non-iconic, will remain the mainstay of the team. However, there is rationale for taking players across geography and across alternative asset classes. Insert a solid Matthew Hayden and a dash of global real estate, put exotic Geoff Marsh and a bit of Latin America, add lustrous Shane Warne and a trace of gold, attach versatile Shane Watson and a little of multi tasking structured fund and you will be making your team lot more productive, resilient, colourful and successful like the current bunch of Rajasthan Royals.
Summary: Appropriate asset allocation, like the right team selection in cricket, is the single most important factor determining whether somebody wins the wealth game.
Never before have players of so diverse skills, talent, age groups and nationalities played on the same platform. Rajasthan Royals, who are presently leading the league table, have meshed exceedingly well as a team and put in an outstanding performance. Warne has marshalled his resources optimally and each player has chipped in his well-assigned, specific role. It disproved the earlier forecasts of experts that Royals lacked superstars and would not fare well.
Managing your financial portfolio is similar. Markowitz won the 1992 Economics Nobel Prize for his portfolio management theory. He states that it is possible to maximise returns while minimising risks by diversifying your portfolio. Effective diversification is achieved by putting your money in various asset classes and not relying on one superstar. Moreover, these asset classes should have a low correlation or in other words they should not all rise together or fall together. On the other hand, some could thrive in certain conditions and some in others. They could have specific roles in the portfolio and together as a team will maximise risk adjusted returns. It disproves the misconception of many investors that high returns can only be achieved by taking high risks.
Multiple research studies over a long period of time establish that appropriate asset allocation determines more than 90 per cent of a portfolio return while individual security selection only a miniscule part. Unfortunately time spent is totally the opposite. In my conversation with numerous investors, I am surprised by their fixation on getting hot tips on how a stock will fare rather than on economic factors driving various asset classes. Effective diversification or appropriate asset allocation is similar to cricket team selection and the single most important tool for maximising wealth.
Are there any shortcuts to create wealth?
T20 cricket has clearly and forcefully delineated the importance of team selection. Vijay Mallya , owner of Bangalore Royal Challengers has no hesitation in agreeing totally. According to him, he had erroneously taken a back seat, mixing a heady cocktail of F1 and T20 for producing real good times, while his main drivers Rahul and Charu were selecting the team. According to some allegations, they left no stone unturned and no avenue unexplored in selecting a full fledged test team smartly turned out in their flashy T20 clothing.
You can have multiple permutations and combinations for a portfolio. For example, if you have Rs 100, you can put everything in cash but it will not produce any return. Alternatively you can put the full amount in one stock, but that will be highly risky. Similarly everything in real estate will be risky and illiquid (would not be easy to sell and convert into cash). Appropriate asset allocation is achieved by optimising an equation where personal life cycle and business cycle stages are the constraints. It is akin to targeting maximum possible runs taking into account the pitch condition (business cycle stage) and the team strengths (personal stage).
The current Indian business cycle is akin to a batsman-friendly pitch where a good score (good returns) is very much possible. Presently the economic growth rate is high and not likely to be affected too much by global woes. Corporate earnings (profits) growth rate is lower as compared to preceding years but is still impressive. Indian equities will continue to perform well.
However some cracks are just beginning to appear. Inflation is higher with consequent impact on interest rates. Oil and commodity prices have risen at a fast pace. While the pitch is still good, a hostile bowler is presently engaged in a good spell. Relying only on one kind of player could lead to loss of wickets. A mix of players with diverse skill sets is required at this stage.
With the medium and long term Indian story totally intact, India, irrespective of whether iconic or non-iconic, will remain the mainstay of the team. However, there is rationale for taking players across geography and across alternative asset classes. Insert a solid Matthew Hayden and a dash of global real estate, put exotic Geoff Marsh and a bit of Latin America, add lustrous Shane Warne and a trace of gold, attach versatile Shane Watson and a little of multi tasking structured fund and you will be making your team lot more productive, resilient, colourful and successful like the current bunch of Rajasthan Royals.
Summary: Appropriate asset allocation, like the right team selection in cricket, is the single most important factor determining whether somebody wins the wealth game.
It's Bollywood calling for Rajasthan Royals
MUMBAI: Rajasthan Royals is extending its Bollywood connection beyond brand ambassador and investor Shilpa Shetty. The story of the reigning
champions of the Indian Premier League (IPL) will soon provide the background for a Bollywood film to be produced by Kaleidoscope Entertainment
. The company, founded by Bobby Bedi, made films such as Mangal Pandey, Saathiya and Maqbool in the past. The yet-untitled film will be funded by Kaleidoscope and feature players from the Royals team. “We will not invest in the film, but have given it the go-ahead. We are supporting the film in other ways and some of our players will be part of the film. The Royals team is the background for the main story of the film,” Manoj Badale, chairman and joint owner of Rajasthan Royals told ET. The script has been finalised. The film is in the pre-production stage and should go on floors during the second IPL season in April. It was scheduled to go on floors in December, in which case the shooting would have been completed by now. But the Mumbai terror attacks led to the delay. Rajasthan Royals’ journey from being underdogs to IPL champions presented Bedi a perfect script for his film. “The underdog-to-champs story of Rajasthan Royals makes a great tale. The film is medium-budget, with youngsters playing the main roles. Gautam Talwar will direct the film and we’re hoping to release it this year itself,” says Mr Bedi. He is looking to rope in the Royals players, especially Shane Watson and Shane Warne, to act in the film. The Jaipur franchise also plans to release a DVD on its victorious sojourn in the first IPL season, in two weeks. The DVD will feature live match moments and exclusive behind-the-scenes footage of the team.
champions of the Indian Premier League (IPL) will soon provide the background for a Bollywood film to be produced by Kaleidoscope Entertainment
. The company, founded by Bobby Bedi, made films such as Mangal Pandey, Saathiya and Maqbool in the past. The yet-untitled film will be funded by Kaleidoscope and feature players from the Royals team. “We will not invest in the film, but have given it the go-ahead. We are supporting the film in other ways and some of our players will be part of the film. The Royals team is the background for the main story of the film,” Manoj Badale, chairman and joint owner of Rajasthan Royals told ET. The script has been finalised. The film is in the pre-production stage and should go on floors during the second IPL season in April. It was scheduled to go on floors in December, in which case the shooting would have been completed by now. But the Mumbai terror attacks led to the delay. Rajasthan Royals’ journey from being underdogs to IPL champions presented Bedi a perfect script for his film. “The underdog-to-champs story of Rajasthan Royals makes a great tale. The film is medium-budget, with youngsters playing the main roles. Gautam Talwar will direct the film and we’re hoping to release it this year itself,” says Mr Bedi. He is looking to rope in the Royals players, especially Shane Watson and Shane Warne, to act in the film. The Jaipur franchise also plans to release a DVD on its victorious sojourn in the first IPL season, in two weeks. The DVD will feature live match moments and exclusive behind-the-scenes footage of the team.
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