Why we like Udayan Mukherjee:

Those who watch CNBC-TV18's 'India Business Hour' and 'Business Center' at dinner time, need no introduction to this smart face (Executive Editor) of the channel.

There have been times when I have thought Udayan Mukherjee (UM) is a super cool dude and times when I have also thought he is self righteous, but never condescending. Well, I am no great judge of people when a one way interaction happens over the Tube and the interaction is scripted and recorded. UM has the mannerisms of a seer, if I may say so. He speaks slowly in a way that the message is understood correctly, chooses his words carefully and during talk shows and interviews, UM is also very patient and under time constraints waits for the point be made by the other party. He displays the depth of analysis, insight and a lot of homework he would have needed and done before meeting the interviewee, a business honcho in most cases. He does not juggle around with jargon, any more than that needed to convey the technicals. Even so much sometimes flies over my head, but that's mea culpa, not the speaker's.

When you see the carpet of security get pulled out from under your feet, you need to understand from someone reliable, why it is happening. I may be exaggerating about the security part, but there is no doubt that I jumped up from my seat when I saw, in my portfolio, the 'blacks' becoming smaller and the 'reds' becoming deeper. Traders worry, investors don't; at least this one doesn't. Fundamental and blue chip investment is a 'horse for a long race', as they say in Indian parlance.

Yesterday, when the bloodbath happened in the markets, I was waiting for UM to speak out. UM said little yesterday about why of it, except the technicals of margin trading causing a bulk of the loss yesterday. Quite understandably, global cues from Dow and Nasdaq were missing, it being a weekend in The States. The cues would be missing today too, Monday being a holiday there. But, later today, surely the US would not go against a global wave of dipping indices?

In India, however, it was another day altogether. Cues from the eastern markets and the growing sense of uneasiness of the (already here? impending?) recession in the US economy and panic selling triggered by yesterday's losses, especially by those with muscle and those with short positions induced heavy selling, leading to the circuit breaking within a couple of minutes of the session opening. Many a fist has been wrung into the palm, many a tear shed and many a brow wiped by millions today. In the second half of a record smashing trading day, Bulls turned around the multitudes of 52-week lows and put brakws on the downslide , pulling the index up from, about -13% to -4.5%. If only, I were more liquid at this point in time, I myself might have added a nickel or two more.

It is at a time like this that one needs to drive home a simple message. One that this more of a reminder of a simple truth than a brainwave. Because it's "Just that our memories tend to be too short and our greed too much." (quoting the last line of UM's article today).Read here, UM's message today.
This article is one of several reasons why we like Udayan Mukherjee.