At Cityscape in 2008, Santhosh Joseph, President & CEO, Dubai Pearl, said:
We have been listening to predictions over the last six years. In my research there was around 81 predictions before July 2008. 81 didn’t work out, and I don’t believe the 82nd or 83rd will come true. I think Analysts are shooting off the hip; they are not really studying the market. The fundamentals are still very very strong for Dubai.
Stunning!
Update: Feb 2010; our champion has managed to hold on to his job – even though his belief and research were proved wrong – fundamentally.
Chayakada’s lesson to youngsters: Stay away from B-Schools.
