iim-a gd-pi... doesnt get any bigger...

so finally the d-day came.....
place: kennilworth at 2.00 pm, Kolkata
event: IIM-A gdpi ( does it get any bigger than this.....)
cat perc: 99.85 (a,c,l,k)

reached around 1 at the place. ... case study given at exact 2 ... 9 in each panel... 1 absent so just 8.. and everyone engineer.. few iitians few from jadavpur.. and me from IEM, saltlakepretty borin case... college cultural event.. main sponsor want to hav more professional nites... coll faculty and student feel fest become more impersonal if more of proffesional nites... what shld coll student coordinator do.... it was good performance by me... spoke for 5-6 times... overall nice case discussion.. then summary for 5 mins... completed in time....

i was 2nd last for the interview so thot wld need to wait atleast for 2 hours..... but it turned out to be much longer wait... 30-35 each one had interview... guyz comin out from interview were really lookin stressed... the panel was enjoyin themselves as we could hear bursting laughter from inside of panel when they were interviewin..... that made us further scared...they griled hard core acads as almost everybody said the same thing... i thot i m dead but motivated myself by sayin that its no small deal to sit for the great institution's interview irrespective of my clearin that.. atleast the chocalate which they wld give me after my interview i will preserve all my life...

finally my chance came..... guy called me in... 3 prof p1, p2 and p3 and me M..

p2: which college u in.. u dint write...
m: institute of engineering and management..
p1: ohh that in saltlake..
m: yes sir...
p1: which sector..
m: sector 5..
p3: why dont u do management from there as they offer management...
m: global gyan...
p1: tell me how that fan regulator work..
m: tried explainin thyristor and triac etc...
p1: i dont understand what is transistor...
m: explained with graphs etc...
p1: now come back to fan ...
m: draw some graph... and tried explainin with some diagram...
p1: looked convinced by how thyristor works... now tell me how u relate this graph which u drew to movin of fan...
m: ( bhaiii m i takin admission into some m-tech or what)... anywayz tried explainin and after half i said i dont remember how the voltage goes down as i dont remeber the circuit...
p2: fair enough... tell me fav in maths...
m: probability...
p3: define probability without using chance and probability itself...
m: ( whatttttt........) started ... suppose there is and event with n outcomes..
p3: (cut me short).. be specific take tossin of coin and explain and literally took out coin from his pocket and showed me head and tail...
m: ok when we toss a coin we get either head or a tail......
p3: what cant coin stand up on its circumference... like in sholay.....
m:(ufffff... u irritating) sir takin more practical cases..
p3: yeah yeah more general cases..
m: if we toss a coin for n number of times and supose k times head comes then chances...
p2: no use of " chances"
p1: i think u goin on right track..
m: yeah.. then if k times number of head comes.. and suppose n tends to infinity then probability of a head is k/n...
p1: good...
p1: what is ur probability of getin selected.. suppose 8 of u r there and we will take only 1..
m: depends on lot many subjective factors..
p2: no subjective factors and repeats the question
m: then it should be ideally 1/8..
p3: what..... repeats his question...
m: same answer...
p1: u mean all of u r of equal quality...
m: thats what i said... subjective factor we dont know...
p1: what would be the answer...
m: same ... dont know anythin else...
p1: leave that.....
p3: i read somthin in ur form so let me clarify that..... u r interested in derivatives .. what is derivative
p1: derivatives in calculus????
m: no sir, stock markets...
m: derivatives are financial instruments whose value depends on some more basic underlying...
p2: why are they called derivatives,,,
m: becoz there value is derives from some underlying...
p3: is it...
m: thats what i know.... sir...
p3: what are futures...
m: explained... used term bullish...
p3: what is bullish..
m: ( now u r borin me)..... anywayz explained.....
p2: look we r not finance guyz..... explain why wld i need futures when i m bullis... i could simply buy in cash market and keep it...
m: sir, in this way u wld need to pay 100% MONEY... but if u buy futures u need to pay certain percentage of the total asset value and thus u cld hold bigger position then u could hold in cash markets...
p3: suppose i have jet 1000 contracts at say rs 2.80 p.... what would be my pay out after 2 months if its a 2 months contract...
m: started explainin mark to market funda...
p3: cuts me short... i dont have time suppose and i want to see my position just after 2 months...
m: sir in futures market ur margin is monitored each day and u need to keep a minimum level of margins to keep ur position intact itherwise ur position wld be automatically squarewd off if ur upfront margin goes below the threshold level..... so in case of futures u need to check ur margin levels reguarly... and u cannot leave it for the expiry like this..
p1: (gave a impressive look)..
p2: what are americann and european option...
m: told them...
p2: which one is better...
m: i feel american as there is no restriction for excercise date.....
p2: which one should be costlier.....
m: sir american...
p2: why...m: depends on interest rates and other factors..
p1:just tell me one convincin reason which one shld be costlier
m: if there is big fluctuation in market on the upper side on some particualr day then i could excercise my call option if i bought it on that day itself eevn if its not a expiry day in case of american option but for european option i need to wait till expiry and eventually i mite lose on that sudden fluctuation..... and hence greater risk for the person who wrote the american call... and hence he should get greater premium.. and hence american options generally more expensive than european options...
p1: again gave that impressive look
p3: (suddenly said)... ok ur interview is over... have ur chocalate and thank you...
m: thank you sirs.. and left smilin finally which i dint think initially..

overall i think it was a decent performance... ... lets hope for the best guyz..... hope derivatives and stock markets become my saviour again as it helped in MDI and FMS (wl-22)... long post.. final interview for the season iim-l tomorrow morning.. so wanna get good sleep.. byee guyz..
__________________If u have build castles in the air, ur work need not be lost. This is where they should be... u just need to put foundations beneath them..