BOOK REVIEWS


Debashis Basu Debashis Basu 29 April 2016
How to allocate assets, manage risk and select stocks   Wesley Gray is a new star in investment analysis with a very interesting background. He was raised on a cattle ranch in Colorado (USA) and graduated magna-cum-laude in economics from the Wharton School of the University of...

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Debashis Basu Debashis Basu 15 April 2016
Companies with high ‘clean surplus’ returns beat the market averages   Dr Joseph Belmonte was a marine engineer. One of his voyages was on a ship carrying grain from the US to the former Soviet Union. The ship had entered the Mediterranean Sea through the Strait of Gibraltar, when a...

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Debashis Basu Debashis Basu 01 April 2016
The outcome of our addiction to prediction need not be random   Making predictions is our second nature. Open any newspaper or television channel and you will find an endless stream of forecasts—whether the Reserve Bank of India will cut interest rates, whether the Sensex will scale...

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Debashis Basu Debashis Basu 18 March 2016
An endless catalogue of gloom & doom   Satyajit Das used to be a successful banker, trader and consultant. He has now morphed into an author and a thinker. His latest book The Age of Stagnation is based on his pet theme—that the world is in a crisis. If you are sucker for gloom &...

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Debashis Basu Debashis Basu 23 January 2016
Why business leaders can’t learn from behavioural research   Cognitive biases leading to human misjudgement and errors have emerged as a major area of study over the past decades. Behavioural research experiments, under which humans have been put through systematic analysis and...

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Ram Bhimani 23 January 2016
Insights into guiding principles of a true pioneer in index funds   John Bogle is an institution in the US financial market. He is a true pioneer, having created index funds (under the Vanguard label) and having led a lifelong battle for the small investor by advocating low-cost...

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Divya Malcolm 08 January 2016
Doctor-friend pens the story of India, not just of Jethmalani   “The story of Ram is the story of India.” Susan Adelman, thus, pens not only a biography of Ram Jethmalani, but that of India, in her book aptly titled The Rebel. Susan is a medical doctor by profession, a close friend of...

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Debashis Basu Debashis Basu 24 December 2015
One of the finest independent research houses shares its timing model   Ned Davis started his independent investment research firm, Ned Davis Research (NDR), from a residential apartment in Florida, far away from Wall Street, in 1980. Over the years, the firm has developed a...

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Debashis Basu Debashis Basu 11 December 2015
Keep things simple, avoid mistakes and invest for the long term   Ben Carlson has spent long years managing institutional portfolios for endowments, foundations and pension plans. He also runs the popular blog www.awealthofcommonsense.com. The blog is superb and this book has become a...

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Debashis Basu Debashis Basu 27 November 2015
The India story, retold   TN Ninan is among the pioneers of business journalism in India. He is also ethical, in a country where too many journalists have become rich while doing a second job as fixers and pimps for businessmen and politicians. Almost four decades of unbiased...

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Paritosh Joshi Paritosh Joshi 14 November 2015
The book, and the man it reveals so much about, is like dragon fruit: the thorns are superficial. The flesh is succulent and sweet   In popular imagination, creative life is often, inextricably tangled with eccentricity, excess and ego. Van Gogh cut off his own left ear. Keats was in...

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Debashis Basu Debashis Basu 30 October 2015
A good guide for beginners and intermediate investors     When it comes to investing, there are probably as many books on what not to do as there are on what to do. This is because the complexity induced by financial products—and the advice that comes while they are being...

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Debashis Basu Debashis Basu 16 October 2015
How To Simplify Things   Deborah Adler’s grandmother fell ill one day because it transpired that she had accidentally taken her husband’s prescription medicine instead of her own. She recovered. Adler wondered: How does such a mix-up happen? She took a peek into her grandparents’...

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Debashis Basu Debashis Basu 02 October 2015
What causes tunnel vision in organisations?   In late 1999, Nobuyuki Idei of Sony stood up to address the majestic Venetian ballroom in the Sands Expo and Convention Centre in Las Vegas, writes Gillian Tett, in one of her many gripping stories in this new book called The Silo Effect....

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Debashis Basu Debashis Basu 19 September 2015
Academic polish on how to haggle   Daniel Pink, in his bestseller To Sell is Human (reviewed in Moneylife), argued that we are all sales people, all the time in some situation or the other. Someone who wants to persuade you to buy a pair of shoes is no different from the parent who is...

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Debashis Basu Debashis Basu 04 September 2015
A classic book on trading re-issued   Alexander Elder grew up in former Union of Soviet Socialist Republic (USSR), hated the system, and longed to escape. But emigration was impossible. He entered college at 16, graduated from medical school at 22, completed his residency and became a...

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Debashis Basu Debashis Basu 21 August 2015
How to be a contrarian. Firstly, neither follow the herd, nor go against it   Kenneth Fisher is one of the longest-running columnists in Forbes magazine and a self-made billionaire. With 1,000 people in one campus in Washington, 600 in California and 400 in the five other...

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Debashis Basu Debashis Basu 07 August 2015
There is a hard way and then a smart way   The subtitle of Smartcuts by Shane Snow, a New York-based writer and web entrepreneur, is, “How Hackers, Innovators and Icons Accelerate Success”. We know about innovators and icons but who are hackers? Welcome to a new Americanism (in case...

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Five centuries of bubbles and panics   In 1711, Britain was deep in debt following its debilitating war with Spain. It owed £9 million and had no means of paying it off. The prospects of government bonds being paid back were so low that they were trading at 50% discount. It made the...

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Glowingly recommended by two Nobel Laureates, it falls short   I have read many books on investing but have not come across one with such glowing recommendations. Praise for The Aspirational Investor by Ashvin B Chhabra comes from five extraordinary people. One is Dr Harry Markowitz...

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