Visiting the tourist spots

This weekend Angela's parents came over to visit from the Netherlands. They brought lots of delicious things we cannot buy over here like drop (liquorice) and appelkruimeltaart (apple crumble pie). Because all hotels in Fontainebleau were full they decided to book a room in a hotel close to Melun which turned out to be a very good hotel, despite the blue painting in the corridors.
Because Omar had classes on Friday and Angela also had some activities planned, Jan en Tini took their car to explore Fontainebleau and Melun. On Saturday however, Omar decided to join the activities and the four of us drove around the area and visited a number of villages like Nemours, Bourron Marlotte and Montigny sur Loing. In the afternoon we stopped at one of the bouldering places close to Fontainebleau where we tried to find the highest boulder to climb. We did not have special gear with us like many of the people who were trying to climb the boulders and than circle them with a small mattrass lying on the ground. So we decided to only climb the small rocks.

The evening we went down to Vaux le Vicomte near Melun. They have (check their internet website for more accurate details) a candle light visit on Saturday evenings where the visitors can have a look at the different rooms in the chateau and than later on explore the gardens, all lighted by candles. This was great and we loved the chateau. In the gardens it was often very dark and despite Omar's warning for Angela not to fall in the fountain (which turned out not to be there) he did not see where he was walking himself and fell over one of Vaux le Vicomte's nice bushes, so nicely designed by Monsieur le Notre. Vaux le Vicomte is definitely worth going and the interior is absolutely beautiful with lots of furniture from the 17th and 18th centuries.

Yuxin rules!

Last weekend my class- and groupmate Yuxin went to New York for some urgent business. With a little time left he offered to bring me back something, if I needed anything from the States.

With the dollar exchange rate at € 1.41 I decided to take a gamble and asked him to buy us: an iPhone...


Of course we all know that Apple has the iPhones locked and coupled to a 2 year AT&T contract for 60$ a month (will probably be a similar deal in Europe once it comes out.) We also know that the iPhones will only come out in Europe at the end of the year and even later in Asia... True as all that may be, the prices in the US dropped to 399$, and I actually found some excellent software on the internet for 59$ to unlock the iPhone. Ergo, I could not resist and so I asked Yuxin to do me this favour.

After downloading some tools to first activate the phone, I bought the "simfree" software on the web and I manage to activate and unlock the phone. As all my friends know... I'm not the most able person when it comes to technical stuff, so trust me, it's easy enough to do.

Our beautiful new iPhone is now fully operational in France with a French prepaid Virgin Mobile sim...

La vie est belle, n'est-ce pas?

Steep learning curve

So how fast is an accelerated MBA?

A little more than a month ago, I did't know much more about accounting than the words debit and credit. For our Friday case, I need to give an advice to the investment community whether to buy, sell, or hold stock from Coca-Cola and why. If cold-called, I need to give a detailed analysis and advice in 90 seconds.

The case brings us back to 2005. Based on the Financial Statements, the 2004 Annual Report, articles from Fortune and Business Week magazines, and some market data, we should be in good enough shape to do a 5-forces analysis, and a credible Valuation of the company.

I'm glad that I'll have some time tomorrow morning to work on it. I just finished the readings, but have no idea where to start... this story will be updated soon!

By the way, Financial Accounting (believe it or not) is my favourite class. It's amazing how a good professor can really make you appreciate what he teaches you. Today was his best session, which makes it the best P1 session to date. The main reason is that many things came together in this lecture: financial statements, measurement ratios, valuation, management issues, purpose of companies, value creation... the whole lecture was wrapped around a vivid discussion over several provocative statements.

I hope that I understood enough to figure out the Coca-Cola valuation case tomorrow.

Impressions

Amazing, it's weekend again...

Next week will be fun. It will be Japan & Korea week on campus. Our fantastic Japanese and Korean classmates have joined forces with their fellow nationals of the senior class and are preparing a whole score of events, theme-parties, dinners, and surprises to present their countries. I very much look forward to next week.

Little over one month in the programme, and the mass of readings start to become normal: the cases become routine, 2 chapters of the economics book before dinner, one finance chapter after dinner... yeah right!! The truth... still not adjusted, still haven't found the rhythm, still struggling to absorb the massive amount of stuff. It gets better though. "Is it fun?" you might ask, well: "yes it is, it's fantastic!!"

With so many things to do, so many choices to make, and with time in such short supply, I find myself learning and perfecting my abilities to prioritize, to focus on vital things, and to appreciate all the moments. On wednesday I managed to finish my readings at 2300h. With so much time left, I decided to watch a movie, something that I hadn't done in a long time. I watched "Blood Diamonds" on the Macbook with my Grado's supplying the sound. The movie is very good (even if you don't like Leo de Caprio too much.) Last night I went to a great party in Villa Vivante. We stayed there until 4 in the morning, having fun with many other students. Consequently, today I struggled to stay awake during Microeconomics...

On Tuesday we had dinner with my studygroup. We had good food, bad service though, and good conversations about safety in Brazil, Venezuela, and politics in Lebanon. Our first graded group assignment scored 5 out of 5 by the way! It wasn't the toughest assignment by any means, but we believe that it's a sign of many more good things to come...

Last weekend Angela and I went back home to visit family and celebrate a birthday. It was great to be back, even if it was short. This weekend people decided to spread out all over the place... One of my groupmates is off to New York, another to Beirut, a large gang chartered a bus and is en route to Oktoberfest in Munich, some people are flying to Ibiza, and I'm sure that there are one or two other exotic happenings going on. We decided to spend a beautiful day in Paris instead and on Friday we will have a house full of people for joint extra practice in statistics, accounting and economics. If the weather stays good, we'll ignite the barbeque and have lunch in the garden.

We have started to plan our P1-P2 break trip. The idea is to go to either Rome or Barcelona. Stay tuned for updates!

Networking wise, there were a few companies on campus that attracted my interest. I spoke to reps from Rolls Royce, Barclays, and Standard Chartered Bank. They all have interesting executive recruiting programmes I might want to learn more about. So far my mind is revolving around two dominating career interests: senior leadership in an interesting Industry or International Organization, and Strategy Consulting. On 4 October I'll have my first career councelling session with an experienced executive coach, so I look forward to getting his perspective on my thoughts.

Bon, je crois qu'il est l'heure pour aller dormir...

Up to Japan & Korea week, the MRC case, 12 angree men, a McKinsey speaker, and hopefully many more fun classes!

Our house has its hero of the day!!

How often does it happen that bad things occur twice and within a short timeframe? Was it only about a week ago that I wrote about my bike and how it was brutally separated from its saddle? And guess what happened today....

We were out enjoying the Fontainebleau Chateau gardens. At our house at the other side of Fontainebleau, housemate Anita was doing her homework when she heard noise coming from downstairs. She went to see what was going on and as she stepped into the garden, two guys came cycling out of the garage onto the street... on our bikes!!! She went after them and managed to stop one of them. Unfortunately, he fell and so did the bike. She started yelling at them and made so much impression that the guy (who was actually a boy of around 14 years old) returned the bike, and so did his friend. Anita brought both bikes inside the house while other housemate Wim talked to the little thieves.

Omar was called by Anita at the time she saw the guys in the garden and he arrived when the bikes were safe inside the house, almost running over one of the little criminals with his car. They took their pictures and wrote down their names. If they or their friends come near our house again, their pictures go to the police. So far the little punks were happy that they weren't turned in or beaten up (yet.)

To end with a summary:

*We are very happy that we have our bikes back, even with their minor damage (scratches, ruptured tire, etc)
*These boys were definitely out to steal them and not to borrow them for a nice ride (my bike was locked without a saddle, so it must have hurt pretty badly)
*We are surprised that this happened in Fontainebleau. It looks like the children here do not get enough homework.
*Thanks to Anita we still have our two bikes, so we hereby declare Anita: our hero of the day!!

Orientation week Part II: MBA Participant

It seems so long ago that I last posted on this blog... Thankfully Angela has taken over the lead! I've got so much to share, that I don't know where to start. I'll try to break it down in a few sections for easier digestion.

ACADEMICS
So Business Foundations (BF) ended, Orientation Week (OW) went past, and P1 picked up in full effect. Angela posted before about BF so I'll skip that. OW was a combination of Intro's to the courses, the teaching methods, and the material. Potentially this could have been a relaxing week, however the free time that I had, I spent in bed with a flu... for the rest OW was about welcomes, setting up laptops, doing all sorts of admin stuff, buying books,etc... The best part of this week was the last day on Saturday (Saturday seems to count as a working day at INSEAD) when we had an outdoors day to bond with our studygroups. After OW, P1 started in full force. Lots of prereading, and case preparations for each class, followed by interesting classes, groupwork, problems, and a new cycle starting with prereading, etc... I still need to get used to this...

MY GROUP
Just like in BF I have a great studygroup. An Englishman, a Brazilian, a Lebanese, an American, and me. We get along very well, we all want to learn from each other, and we respect our differences and skills. We'll be spending a lot of time together, so I'm really pleased with my group! The only unfortunate thing is that we don't have any women in our group. With 29% women on campus and studygroups of 5, the odds would be for having at least one woman in our group!

WELCOME
During OW, we were officially welcomed on campus by the Deans and by the President of the Alumni Association (who also happens to be the President of the Rothschild bank in Canada.) Nice welcome words to participants and our partners, good champagne to celebrate it, and a good cocktail afterwards.

PARTIES
Yes, there were a few...
The international INSEAD crowd makes each party look like there is a "young and vibrant" UN assembly on a fun quest!
Friday after Business Foundations we took over the Aussi Pub in Fonty; Saturday night was spent in one of the most exclusive clubs in Paris, On Sunday I passed, but there were at least 3 or 4 different parties... Last Saturday (right after OW) we had an extremely good party sponsored by Bain & Company at Chateau de Vaux-le-Penil (just imagine free champagne & rum & vodka from 22.00h until 04.00h the next morning, great music, a stunning castle, and free buses to take you back home!)
Next Saturday we'll have our party sonsored by OPERA Solutions at Chateau de Tavers, and they say that that party will be even better! Saturday the 14th will be the Shangri-La Fiction "Tarantino theme party." It seems that the Party scene is on at INSEAD and that there is fierce competition as to who actually throws the best one!

RECRUITING
Recruiting companies come to campus almost every evening. It's hard to choose which company presentations to go to after classes, because every day there are 2 or 3 invitations in our mailboxes. On Monday I went to Google, today to Bain&Company, tomorrow I'll go to Booz Allen, and Friday to McKinsey. I had to pass this week the invitations from SAP, Merill Lynch, J&J and BCG. Luckily they are here primarily for the P4s, and they'll come back for us in April, and May. All this attention is of course fantastic, but I'm sure that in due time it will also be stressfull, since there will be more MBA graduates in each class than there will be jobs offered via recruiting.

CLUBS
Yesterday night Angela and I went to a Wine&Cheese tasting. Most Clubs and activities are open for both partners and participants. In fact, partners are included in every aspect of campus life, so that is great! The Cheese tasting was initially a partners event, but since they had a few slots left, I was allowed to join, which I thankfully did.
We signed up for many clubs. Angela will write more about her prospective activities (amongst others she will play in INSEAD's women "soccer" team.) I signed up for a few Clubs with the aim to network in specific areas like Emerging Markets, Consulting, and International and Humanitarian Affairs. I also signed up for the Real Estate Club to learn more about investing in real estate. And, I signed up for the Sailing Regatta.
I hope that I'll be selected for one of the 2 boats that will compete against other B-schools in the MBA Regatta later this month in Italy. My going to INSEAD meant that I had to pass on a wonderfull opportunity to join Rick and Hans on the ARC Ocean Race from Las Palmas to St Lucia in November. I would have loved to cross the Atlantic together with these two guys, but you can't do everything at the same time. Sailing for INSEAD at the MBA Regatta would be extremely cool, so I hope that I'll make it. With many outstanding sailors (even an ex-Olympic sailor) as classmates, though, I'm not sure whether it will happen! I'll keep you posted, take care!

My mountainbike

I love my bike. It is a matt black mountainbike, an authentic Cube. I bought it together with Omar because we both started mountainbiking. And I brought it with me to France because I heard and read that there are so many beautiful tracks in and around the Fontainebleau forest.

Today was the first day that I decided to take my bike out of the garage and cycle to Insead and then to the centre, just to warm up and get a bit in shape before exploring the VTT (velo tout terraine) tracks. When I arrived at Insead it was raining very hard and I had to park it outside, which I did not like very much. My bike is used to garages. There was hardly any place and I had to put my bike somewhere where I could not lock it very well. I went back to check on it three times through the rain and every time it was safe (but wet).

In the afternoon Omar and I decided to go to the centre to buy a phone and I jumped on my bike hoping to beat Omar with his car. And I did. I parked my bike, this time I made sure I locked the whole frame and went to the store. We could not find anything and decided to return home after only 5 minutes. I went outside to my bike, only to discover that it had no saddle anymore!!!

My beautiful bike, of which I am so proud, stood there and it felt like someone had disgraced it. I felt so angry, and sad. My saddle, on which I rode my first Bart Brentjens Challenge, gone. It was nice and black with blue and red on the back and it felt good right from the start. I cannot believe why some people do this, steal from other people. It is not about the money, someone took something away from me which meant something to me.

My bike is now in the garage again, and locked safely. I am going to buy a new saddle. And unfortunately I learned a new lesson: always strip my bike and take everything with me when I leave it locked somewhere.

"Robbers are punks and they suck!"

Voleurs, vouz devez tous avoir honte!

Orientation week Part I: Partner

Although I feel that the experiences of Omar as MBA participant should come first I shall briefly write something about what Orientation Week for the partners was all about, since Omar is currently buried in Prices and Markets homework.

The P4 partners had put lots of effort in making the Orientation Week also a nice week for the partners. After we had registered, we received a schedule with all activities already organised. Some of these were the Teddybear picknic, a partners presentation, a walk around Fontainebleau with lunch and a lunch prepared by P4 for P1 partners. The Teddybear picknic was sweet and fun, and since Omar and I do not have any children I brought cookies instead. There are quite a lot of partners with children on campus and I admire them because I can expect that with a child (or more) there is so much more to organise. I have seen several examples where the MBA participant joined the activities with his or her child, so the partner had some time off, which I think is very considerate, especially since the MBA schedule is very busy.

During the partner presentation all the partners clubs were represented: The Arts club, the Book club, the Running club, the Movie club, the Cheese and Wine tasting club, the Parents club, and more. Last Saturday morning I ran my first 25 minutes, on Sunday morning we visited the Fontainebleau Chateau, tonight I am going to the first soccer and touch rugby practice and tomorrow I hope to learn something more about wine.

The P4 lunch was on Saturday in Villecerf, a tiny village south of Fontainebleau. The food was excellent, different dishes from India, Russia, Japan etc and followed by delicious brownies, tarte tatin and strawberry cake. Thankfully one of the P1 partners (Natalie) started a running club :-)

Thanks P4 partners, (amongst others Moupiya, Prasanna, Kristina, Ingrid and Shivani) for this warm welcome!!