Tuesday, November 13, 2007

Wartun32 Fantasy Football Update

The second year of our "Wartun32" fantasy football league is in the final stretch of the regular season, with only four more games to play. Everyone that participated last season is back in for a second round of competition, and it's been a topsy turvy season once again. Lots of injuries to the key players has characterized this season.

Our first place teams are as follows (there are three divisions, the Finance Division, the Management Division, and the Marketing Division):
Short Bus, 15-5; coached by Loren "I love midgets" S.
Forndogs, 8-12; coached by Frank "Mr. LSD picture show" F.
New England Saints, 12-8; coached by Azar "Patriots fan" M.

Surf over here to see the public website for our league:
http://football2.myfantasyleague.com/2007/home/56615

Costs of Academic Distress

Well, Term 5 is mid-way through already. Your friendly WEMBA blogger is heads down trying to stay afloat this term while my startup is rapidly growing right now. I'm taking Advanced Corporate Finance, Investment Management, and Negotiations this term. The great thing is that they are all 1 cu courses, so there's a lot less context switching. I hear that the Strategic Control and Entrepreneurship Seminar elective courses are pretty good through the grapevine.

The reason for this post is to talk about the costs of academic distress. In finance, there's the costs of financial distress, and in the WEMBA world, there's the costs of academic distress. Bottom line: this program takes it's toll on your health, and I don't think anyone takes it into consideration.

Here's some of the costs:

* My eyes are getting worse. My eye doctor just quantified it for me when both of my eyes had checked out as significantly different (more than 1 diopter of difference) from about a year ago. My astigmatism has gotten quite a bit worse. I was wondering why I couldn't read the greek subscripts in IM this term!

* Grey hairs, oh my! I've been blessed with a full head of hair with relatively few grey hairs. The past few terms this has started to change, however. I now have 7-8 instead of 1.

* Bags under the eyes and crow's feet. Tiger Woods 2k7 has a feature where you can build your own golfer. There's a ton of detail around facial feature customization in the game. I booted up the Wii the other day, and started to create a character and needed to know what settings to use for eye bags and crow's feet. When I looked into the mirror, I noticed there were some crows feet and slightly larger bags under the eyes. Again, I'm blessed with Asian youthfulness but WEMBA has started to take it's toll here.

* Stress! This one is hard to quantify, but the stress of constantly feeling like you are behind and don't have enough time takes it toll over time. I think that you get used to it after a while. Also, 2nd year WEMBAs are not nearly as concerned anymore about grades and classes.

* Lack of sleep. You definitely have a lot less sleep in this program. It's somewhat amazing how little one can function on.

* Second year career paranoia angst. In the 2nd year, there's a definitely increase in angst for many of the WEMBA students that haven't made a career switch. I'd characterize it it as a focus shift from academics to the real world. The big question is "what am I going to do after my MBA?", and a lot of time is consumed chasing career management opportunities (on the website, in Philly at interviews, and in other networking opportunities). The angst originates from the stress that occurs from realizing "I don't want to still be stuck at company X" after going through all that we have gone through. It still remains to be seen if the new career management office on the West Coast that is due to start next year will reduce the angst; I suspect that it will greatly reduce it. They just announced the creation of a new career management resource: Wharton Resume Book for Experienced Hires. Good idea, I'm glad they read my blog! :)

* Idiosyncratic costs. Not everyone has a family, some live far away and have to travel twice a month, and others have really demanding jobs. These costs are particular to individuals, but nonetheless should also be incorporated into the overall costs of academic distress.

In summary, this is my 0.02 on the costs of academic distress. So when the Financial Times data on the mean salary increase for the #1 exec MBA program comes out again, keep in mind that we should subtract the costs of academic distress.

Sunday, September 23, 2007

Pictures and videos from the International Trip

Here's some video clips I took and some pics from classmates:

Link to video of Tango dance show in BA

Domingo Cavallo clip1

Domingo Cavallo clip2

Public photo albums from classmates (thanks Gagan, Eve):
Eve's pics from Brazil
Eve's pics from BA
Gagan's pics from Rio
Gagan's pics from BA

If other people have public pics to share, please add a comment or send me a link.

There and Back Again: A WEMBA Study Tour Recap

Well, we had a fantastic time! Words don’t do justice to the South America International trip, which we shall remember for a lifetime. Those classmates of ours who weren’t able to make it (or who just wimped out) missed out on a once in a lifetime experience. I’m really glad that I helped lobby (through the power of The Blog) to go to South America on our study tour, as it’s a place that I probably won’t visit on my own. Although after this trip, perhaps I will return. No one was robbed, no one got hurt (well, except for Zia’s ironing board accident and the wild dog attack that Mike and Frank survived), and we had a great time.

The true value of the trip is measured in the relationships that were strengthened and new ones that were formed while we were here. A lot of people I talked to said that they had gotten to know a number of classmates that they don’t ordinarily talk to in San Francisco, as well as their wives, girlfriends or husbands. We experienced two different cultures and countries, which was great. I think we didn’t get a whole lot of sleep, and we all ate too much and drank too much. I was thinking that I would lose some pounds while we were here but after eating my fifth steak by day six I knew I was in big trouble.

If I were to give advice, here’s some for Class 33:

  • Sample the local food and drink as much as you can. There’s nothing sadder than seeing your classmate high tail it for the nearest Mickey Ds. I literally ate 5 pounds of steak in about 3 days, and now I have tasted a real churrascaria, a caiparinha, an Argentine golden trout, and a Malbec wine.
  • Lots of work on the committee. If you are on the committee, be prepared for a ton of work in organizing the trip. Props out to Clifton, Ale and Loren for all the hard work. You guys deserve a credit or three.
  • Bring medicine. I owe a big thank you to Dr Lim, who had some antibiotics when I was sick in Rio. Thanks Charles! Lesson learned: the MDs in your class are really helpful if you get sick when traveling.
  • Side trips are fantastic. I went to Rio before the trip, and then to El Calafate afterwards. Those were two great decisions, and they really enhanced my experience. We were talking about it later and those of us who went really had a much better experience. It’s hard to get the time off for work but it’s totally worth it. Use those Starwood Preferred Guest points on your side trips, and the rates we got were $45 USD plus points for each night’s stay.
  • Don’t bring a laptop. There are internet cafes everywhere in South America, and all the hotels we stayed in had free internet available, even in El Calafate. I thought I’d use mine more, and I didn’t. Blackberry email was fine throughout the trip for the most part.
    Bring a Skype headset. Cuts your phone bill down tremendously! Be aware that Skype is blocked in some countries though. It was fine in both Brazil and Argentina.
  • Study materials for Term 5. I’m not going to retain anything I read, but at least I got some reading done on the flights there and back again.
  • The travel agency was below average. I got home and discovered that I had a big package from Accent with my itinerary and travel tags in it. Completely useless! You would have thought they could have sent it a bit earlier. It wasn’t a big deal, but you’d think they could do better.
Finally, I think that everyone agrees that we owe the South American International Study Tour committee a huge THANK YOU, because of all of their hard work. Clifton, Ale, Loren and other people on the committee did a fantastic job in dealing with a lot of things that most of us never saw. In addition, John Lyon deserves some big props for being our coordinator as Sandra wasn’t able to make the trip. Professor Dyer and Lodish also deserve a big thank you for all their work. Thank you thank you obigado and muchas gracias! You guys were great, and we think you should deserve some academic credit for all the hard work you put in. I’m sure glad we didn’t go to China, as Zia would have had to plan the whole thing himself!

Now it's back to work!

Argentina – El Calafate Side Trip



El Calafate is in the Patagonia area of Argentina, which is known for its world-famous glaciers. From Buenos Aires, a group of us took a side trip there from Buenos Aires, and it was definitely worthwhile. Calafate was beautiful and reminded me much of Alaska. The town was a rural mountain town, much like Tahoe City in California. People were friendly but it was a bit more difficult to get around in my broken Spanish as there were far less English speakers, which is to be expected.

Highlights of the trip: mini-trekking tour of the Monte Perito glacier, hanging out in the town, taking a hike by the lake, and just enjoying being a tourista. Mike and I were on a mission to find some golden trout (truta) at a restaurant, and we eventually found some called Restaurante La Vaca Atada, on Av. Libertador 1176 in El Calafate. It was prepared in four different ways: lemon sauce, grilled, camarones sauce, and another cream sauce that no one order. I ordered the camarones (shrimp) version, which was most excellent! One major bonus was that we ran into Zia and Anita both on the tour and for dinner.

Mini-trekking is a must do if you ever make it to Patagonia and El Calafate. El Calafate is right on the border between Chile and Argentina, where the Andes Mountains separate the Pacific Ocean from the Atlantic Ocean. The wind and pressure create a perfect compression in the mountains to form the ice for the glaciers. You get to take a boat across the frozen lake to a small dock near where the glacier meets the land. A short hike takes groups of English-speaking and Spanish-speaking groups of 20 people to the glacier, where you put in crampon spikes on the bottom of your shoes or boots. Our one and a half hour hike was breathtaking, and we got to see some very interesting blue ice formations, crevasses, and some pools of crystal-clear, ice-cold water that form on the tops of the glacier. After the hike, we ate empanadas that were packed in our sack lunches back in town, and after a short break we were back on the boat to tour the front of the glaciers by water. The last leg of the tour was on land, where there is a site-seeing set of platforms and stairs that allows a top-down view of the glaciers. We got to see a number of large and small ice chunks break off the glacier, which sound like a gunshot with the echo in the mountains and walls of ice.

Mini-trekking in El Calafate:


Here’s a Korean Sadhu that was found on the side of the glacier:


In summary, Calafate was a fantastically great side trip. I’m really glad I did it, and it was great to see a part of Argentina that is closest to Antartica as you can get in South America.

From Calafate, we headed back to Buenos Aires for one last night before heading back to the US. I met up for business with some software engineers on my team down here in South America, and we met on an Estancia, which is “ranch” in Spanish. Argentines are proud of their ranching and cowboy heritage, and the Estancia was nothing like I thought it was going to be. There was a castle on the grounds, along with polo grounds, soccer or futbol field, horse back riding, a lodge, an airplane, and a really nice garden. My local friends there said that Estancias are used for special events, like honeymoons, wedding parties and coming of age parties (15 years old) for girls. We worked a bit of course, but we had some of the freshest steak I’ve ever had along with some traditional Argentine foods. After a long day, it was back to the airport for the ride home.

Here’s a picture of a castle on the Estancia:

Argentina – Buenos Aires International Study Tour Recap

Our travels on the second official leg of the trip brought us from Sao Paulo to Buenos Aires, also known as the “Paris of South America.” The culture and architecture of the city buildings has a distinctly European feel to it. There were a lot of nice shopping malls around, where a lot of us bought fine leather goods and clothes. There were a lot of suits purchased in BA.

Pictures of the city in Buenos Aires:


Nice shopping mall in BA - we could pretty much buy most anything you can get in the US. I think I turned metro for a few hours...:


In addition, the weather was very humid, as it had been raining for about two weeks prior. That didn’t stop Bolaji, Azar and I from attempting to go golfing on a free afternoon after visiting Turner Broadcasting in the morning. It was a swampland, however, as the only golf course in Bs As didn’t have a very good drainage system.

Attempting to golf in Buenos Aires:


Company visits included: Google, Turner Broadcasting Systems, General Electric, Boston Consulting Group, and a discussion with Domingo Cavallo, the former Argentine Minister of Finance that was responsible for pegging the Argentine Peso to the US dollar during the first Argentine currency crisis in 1991.

Ron and Sean at Turner:


Picture of Ale and Domingo Cavallo:


Maybe it was just me because I finally was feeling better health-wise, but I much preferred Buenos Aires over Sao Paulo. Or maybe it was staying in the Four Seasons Hotel, which was as great as they are all over the world. The five star hotel definitely was nice. Like Paris I found that it was very much appreciated when I used my limited Spanish speaking skills. After just a few words, most people were more than happy to be helpful. Many people spoke pretty good English, as it is taught early on in the schools.

Argentina is a town that never sleeps, and many restaurants and bars are open very very late. The first night, we didn’t finish dinner until 2am. And one club we went to called Asia de Cuba did not even open until 1:30am!

The last night, we had a big party for the everyone and their guests. The banquet was huge and it was really great! Afterwards, there were a bunch of WEMBA students that refined their late night dancing and partying skills in Argentina after sharpening them up in Brazil. Let’s just say that there was a lot of Malbec, scotch, and Cuban cigars consumed there.

The big dinner on the last night in BA:

Tuesday, September 11, 2007

Recap of Rio de Janeiro with pictures

Wow, this trip is going faster than I thought. Here's a very brief recap of the front end of the Wharton Internation trip to Brazil and Argentina.

Rio de Janeiro, Thu 09-06-2007
We arrived very jet lagged at 8:35am in the morning vis a vis Miami. I slept as much as I could on the plane and tried to drink as much water as I could, as I was fighting a cold. Rio was warm and about eight of us negotiated a van ride from the airport to the Sheraton Rio Hotel. It was about a 45 minute ride from the airport to the hotel. We checked into the hotel and then headed straight for the beach. While sitting by the beach, I had a fried calamari appetizer with my first and second caipirinha, the national Brazilian cocktail made with Brazilian rum.

Rio is very much a beach town, much like Oahu. Lots of tourists, lots of beach, beautiful women, and they even have bars right on the beach strand. You can spend forever just people watching. Everyone is friendly, especially if you attempt to speak a little broken Portugese. Most of the hotel and restaurant folks speak a little English, so it's not too hard to get around.

The weather was warm and mild, in the low 80s to high 70s during the day. The evenings were warm enough that we could walk around in short sleeved shirts, which was great.

Rio de Janeiro, Fri 09-07-2007
A group of us spent the day on a guided tour of the Christ the Redeemer monument and the Sugarloaf mountain tram. Check out the pictures. It was totally worth it to hire a tour guide because we got to skip all the lines. Otherwise we would have been waiting for a long time all day long, as it was a holiday.

Most of the pictures are from this tour here: link to rio pictures

Rio de Janeiro, Sat 09-08-2007
I was really sick and stayed in from Fri night to Sun morning. I heard that I missed some good and not so good parties in Rio but hey there's always another time....I figured that we have another 10 days to go and I needed to get better. Obrigado to Dr Lim, who hooked me up with some antibiotics. They really helped me and next time I am not going to travel without some.

Rio de Janeiro, Sun 09-09-2007
We left Rio and flew over to Sao Paulo, where we checked into the Renaissance Hotel for the study tour portion of our trip. More on that later.....

Friday, August 10, 2007

POKR 799 Final


IMG00044
Originally uploaded by rkpark
Here's a pic from the Poker 799 class (Advanced Texas Hold Em Simulation). There's a Flickr badge at the left for the whole set.

Congrats out to Loren who's getting married next weekend! Some pics from the Giants game (Bonds hit #754) are on here as well.

Enjoy!

Monday, August 06, 2007

Painful Time of Year and Random Thoughts

It's that familiar painful time of the term again....finals are coming up this weekend. I've got them in International Finance (cost of capital, hedging, and international tax is coming out of my ears), a buy report in Real Estate Finance, and Strategic Management. Also gotta get my independent study done, which is, btw, a ton more work that an ordinary class. Be forewarned! The only saving grace is that it's work related for me, so I can theoretically work on it during work hours. Note that I said theoretically.

Most of us agree that senioritis has set in now, and it's really been hard to get back into the groove after the three week break in July. Dyer did us a favor and gave us an extension on the strategic audit, which is now due two weeks after finals. That means it goes into Term 5, which is sorta good and bad. It really means that we don't have a break in between terms.

Check out this website: http://thefunded.com/ It was interesting to see ratings of my company's VCs out there. There was an article in today's WSJ: http://online.wsj.com/article/SB118644800916989977.html?mod=hpp_us_editors_picks

I'm so looking forward to the second annual Wartun32 fantasy football draft on 8/24.

Ron

Tuesday, July 10, 2007

MBA Related Podcast Mini Review

This period of Term 4 is very very nice - the first three week break since, well, New Years Day! We are all enjoying the midpoint break in the WEMBA schedule. A lot of us took some time off for Fourth of July to take vacations, a novel concept for the WEMBA burdened student. Studying time has dwindled to 1/3 of the pace earlier this term. I am not sure if it's the pass / no pass option or just plain senioritis. Anyway, on to my post...

For the iPod and iPhone enabled, this post is a review of MBA and business related podcasts. Most of us Wharton-ites are already aware of the most excellent podcasts available on Knowledge@Wharton, which can be found here:
http://knowledge.wharton.upenn.edu/podcastcurrent.xml

So esteemed Wharton aside, here's my ratings of some other podcasts I've found out there on MBA and business related websites. These are great if you travel for business or have a long commute like I do.

5 Star Rating

Chicago GSB:
http://feeds.chicagogsb.edu/gsbpodcast
My take: U of Chicago has an array of content rivaling Wharton. Some interesting interviews and content, especially the tribute to Friedman and the podcast on Infosys' rise to a $2B company. Gotta ask Deepak on this one.

iInnovate:
http://feeds.feedburner.com/iinnovatecast
My take: Stanford students feature 15 minute interviews with entrepreneurs, VCs, and innovators. I liked the interviews with Geoffrey Moore, Carly Fiorina, and Andy Grove.

Stanford Entrepreneurial Thought Leaders:
http://edcorner.stanford.edu/podcasts.html
My take: Stanford again shows its Sand Hill Road strength through some great content sponsored by the Stanford Technology Ventures Program. I listened to podcasts interviewing Mark Jung (IGN), Reid Hoffman (LinkedIn), and Tien Tzuo (Salesforce.com).

MBA Podcasts: http://www.timesonline.co.uk/tol/audio_video/podcasts/mba/ My take: I really liked the "Private equity - The new kings of capitalism" podcast.

4 Star Rating

BusinessWeek:
http://www.businessweek.com/search/podcasts/cover_stories.rss
My take: Good way to keep up on B-Week without having to read it. "Children of the Web" and "The Real Cost of Outsourcing" were interesting podcasts.

ESPN Radio Daily Podcast: http://sports.espn.go.com/espnradio/podcast/feeds/itunes/podCast
My take: The best of ESPN radio for the sports junkie. Great if you can't catch SportsCenter. I don't like the ads though. Doesn't ESPN make enough off TV?


3 Star Rating

McKinsey on Finance:
http://ksmediaserver.net/ftp/Podcasting/MoF.xml
My take: There's some interesting content but it is basically a reading of McKinsey's print content. It isn't the most exciting listening, but there are some interesting articles, including: "Preempting a hostile takeover" and "A quiet revolution in China's captial markets". Good for a late night cure of insomnia.

Not Rated

MIT Sloan School of Management Podcast:
http://feeds.feedburner.com/mitsloanpodcast
Not yet evaluated.

Venture Voice:
http://feeds.feedburner.com/vv
Not yet evaluated.

Venture Cast:
http://feeds.feedburner.com/venturecast
Not yet evaluated.

MBA Podcaster:
http://www.mbapodcaster.com/Podcasts.asp
Admissions and major related info. Not yet evaluated.

If anyone else has podcast links to share, please post them in your comments.