It has to be non-fiction. Fiction is a big no-no to me. I cant bring myself to waste time reading fiction. If at all i want to read fiction, i would rather watch a movie that is made on that book. Saves me considerable time considering the fact that iam a slow reader.

Biographies are an instant pick up for me. Doesnt matter the background of the author or the person the book is based on. I have read biographies of Warren Buffett, Lance Amstrong, Louis Gerstner, Andre Agassi, Steve Jobs, Hillary Clinton, Michael Dell, Jack Welch, Kishore Biyani, Richard Branson etc.

Books on finance, investing, stock markets, management, science etc are also my favourites.

Book recommendations in magazines or by successful people like CEOs or other management people who have read books and recommend the same.

Random search on google or amazon after i have read a particular author and liked their writing.

Listening to audio books is my favorite method of reading. Earlier, audio books had someone reading out in a droning voice which could put you to sleep as soon as the books started. Today professional readers pour emotions into their reading with perfect voice modulation which makes listening to a book very much interesting. Sometimes its the author who himself / herself reads out the book. Sometimes its a professional reader and these have made listening to audio books much interesting.

Earlier i used to complain that i had no time to read books till someone nailed it as excuses. I spend at least 2 hours daily commuting to and from work. Mostly the time is spent looking around or listening to some inane radio DJ railing about some crap in between the same songs that you have been hearing for years now. Not to mention the ads that keep popping in between the songs.

I started with one audio book first. It was a bit difficult concentrating on listening to the book. 2-3 books later, you learn to control your mind and concentrate on listening to the book. Honestly today, i hate wasting time listening to songs or radio. I put on an audio book even when i go jogging or ironing clothes at home.

List of books that i have read are here

Above picture courtesy: ArabDetroit

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Work is too hectic.  Been more than a week into the new position.  Lots of responsibilities and lots to learn.  Challenging no doubt, but happy that Iam learning a lot.  Been stuck in the rut for some time now.  Took this leap of faith and till now, its been pretty satisfying.

The markets have been on a roller coaster.  Up one day and down the next 2 days.  Havent had time to look at my portfolio which has been red when i saw last week.  Not thinking much about it.  Bought some good companies (i believe) on the dips and i will now wait for the market to go up.  There are indications that it might go down further.  No worries.  Will wait for it to go up.

Meanwhile, the cricket world cup is in full flow.  India is now on the top of the table, but had just one challenging match (against England).  The match against South Africa this weekend will be the one to watch out for.

Meanwhile reading a lot of finance / investment books.   Am in the process of making changes to my career and life in general.  As and when significant changes happen, i will update here.  Till  then, let things drift.

There was a time when i had trouble reading one book.  Today, am simultaneously reading 4 books, 2 magazines and books related to the course iam attending.  Not to mention technical documents related to work.   I cant believe that i have time to do all that.  Wifey hasnt had any complaints that iam not spending time with her.  In the past few months, have gone to the Zoo, Bird Park, Marina Bay Sands, Singapore Science Center and a few other places with her.  More places here in Singapore to explore.  Wanted to go overseas for a holiday, but am waiting for some time for me to get settled into the new job responsibilities.

Time isnt a hindrance if one plans properly.  Earlier, i was too lethargic. This year of the rabbit has been too good for me already.  Hope the luck stays.  I need it.  Have a lot to achieve this year.

The woods are lovely, dark and deep,
But I have promises to keep,
And miles to go before I sleep,
And miles to go before I sleep.
- Robert Frost

A big thank you and wishes to all the women who have touched me in some way and been a part of my life.  Thanks a million.  Wishing the best on the centenary celebrations of the International Womens Day – 2011.

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Linchpin is the first ever Seth Godin book that i have read.  Though am not really a fan of self-improvement books and generally stay away from it.  I had seen quite a few of his talk videos on TED and loved it.

Godin speaks about shunning doing things the regular way and trying to be an Linchpin at the place of work.  Someone who should become indispensable to the place you work in.

According to Godin, a Linchpin is somebody in an organization who is indispensable, who cannot be replaced—her role is just far too unique and valuable. And then he goes on to say, well, seriously folks, you need to be one of these people, you really do. To not be one is economic and career suicide.

Linchpin is a most unusual, well-organized, concise book about what it takes to become indispensable in the workplace – whether you work for someone else (at any level) or are self-employed. It’s about how business has rapidly changed and how treating employees like factory workers (or doing your job like one) doesn’t work any longer. We must make choices and take action to “chart our own paths” and add value that others do not. We cannot wait for a boss or a job description to tell us what to do, rather we must just take the initiative ourselves. Only then can we become indispensable “linchpins,” rather than replaceable “cogs.” There are so many fantastic quotes in the book too.

“You don’t become indispensable merely because you are different. But the only way to become indispensable is to be different. That’s because if you’re the same, so are plenty of other people.”

source: Amazon

I did find the book a tad repetitive.  Neverthless its a good read.

Linchpin: Are You Indispensable?
Author – Seth Godin
Pages – 256
Publisher – Portfolio Hardcover

Most surprisingly, it was engaging and i was never bored.  Considering the short attention span that i have and the trouble i have listening to a 5 minute talk without my mind wandering off;  I managed to hold my concentration well to listen to the whole book.

For starters, the book is not exclusively about the investments of Warren Buffett, its just a part of that.  The book is all about Buffett, the man, his family, friends, investors, rivals (if any), his fears, his interests, his integrity, his failings, his winnings.

If you are someone who idolises Warren Buffett, then stay away from this book.  It does present him in a not-so flattering way.  There are constant references to how Buffett shies away from confrontation with people, his little quirks, his almost complete dedication to his work that he almost ignores his wife who loves him unconditionally.  The ignorance leads to separation of Buffett and his wife (but they never divorce).

Its said that when the book released and Warren realised the not too flattering account of him in the book, he distanced himself from the author of this book, Alice Schroeder.

The book starts with a detailed background description of Warren’s parents, Warren’s growing up days. His almost obsessive pursuance of money from a young age.  At a age when youngsters of his age are busy playing, Warren distributes papers, chewing gums, pepsi, works as a caddy etc to earn his pocket money, file income taxes for the first time at the age of 14.  Warren’s interaction and working with his guru, Benjamin Graham is also mentioned in the book and also Graham’s influence on Buffett.

At the age of 11, he buys 3 shares of Cities Service Preferred for himself, and 3 for his sister Doris.  He sells the shares at a small profit and then looks on as the stock price goes up 10 times.  That’s when he learns his first lesson. And that is “If you really believe in the company, then the holding period for the stock is almost forever”

His investments in Coca cola, Geico Insurance, General Re, Borsehims Jewelry, Net Jets, Star Furniture etc is legendary. Not to mention the down to earth and modest nature of the man who stil stays in the same house he bought in 1957 for about $31,500.

Inspite of being the world’s richest person he doesnt indulge in the usual rich people’s intersts like yachts, jewellery, mansions, ranches etc.

For someone who was known as being tight fisted when it came to donating money to his own children, he decided to donate a significant amount of his assets to The Bill & Melinda Gates foundation.  The following saying by him highlights his thoughts about wealth

I don’t have a problem with guilt about money. The way I see it is that my money represents an enormous number of claim checks on society. It’s like I have these little pieces of paper that I can turn into consumption. If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life. And the GDP would go up. But the utility of the product would be zilch, and I would be keeping those 10,000 people from doing AIDS research, or teaching, or nursing. I don’t do that though. I don’t use very many of those claim checks. There’s nothing material I want very much. And I’m going to give virtually all of those claim checks to charity when my wife and I die.

Some more quotes by the man which i have found interesting over the years i have read about him.

• It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently

• Only when the tide goes out do you discover who’s been swimming naked

• You only have to do a very few things right in your life so long as you don’t do too many things wrong

• I always knew I was going to be rich. I don’t think I ever doubted it for a minute.

• I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

• I buy expensive suits. They just look cheap on me.

• If past history was all there was to the game, the richest people would be librarians.

• Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.

• Price is what you pay. Value is what you get.

• Risk comes from not knowing what you’re doing.

and my most favourite one….

• Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

The Snowball: Warren Buffett and the Business of Life
Author – Alice Schroeder
Pages – 832
Publisher – Bantam

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Levitt and Dubner also point to the fact that most of the mothers who survive child bearing and in the emergency wards today goes back to a simple procedure of the doctor washing his hands with antiseptic and nothing much to do with advancement of medical science.

And the most important of all how Levitt and Dubner point to a batch of scientists who are working to solve problems like global warming and preventing hurricanes with cheap and simple solutions like using a method to sink the warm waters of the oceans to the bottom and bringing the cold water to the surface and thus reducing the power of the hurricanes.

Lots of interesting and practical solutions are provided to daily problems that have been dubbed by media and society today as the biggest problems of all times and problems that can lead to the end of our planet.

You might not agree with everything the authors have to say, but I must admit that its a must read.

SuperFreakonomics: Global Cooling, Patriotic Prostitutes, and Why Suicide Bombers Should Buy Life Insurance
Author – Steven D. Levitt & Stephen J. Dubner
Pages – 288
Publisher – William Morrow

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He writes about the way the police along with the MI5, MI6, and various other investigative agencies put the pieces together in the biggest manhunt ever undertaken in the UK to catch the culprits involved in the mayhem.

Andy also goes about his frustration with the inefficient policing and investigative system; the self centered politician who wants his 2 minutes of fame; the ego clashes within the police department which are neatly exploited by the terrorists etc.

Assistant Commissioner Andy Hayman, CBE, QPM, was in overall command of the UK’s national counter-terrorism offensive, at the centre of every major terrorist investigation – overt and covert – of the past five years. He handled the Metropolitan Police’s response to 7/7 and dealt with the politically explosive murder of the Russian dissident Alexander Litvinenko.

Based at New Scotland Yard, in charge of thousands of Special Branch and counter-terrorism officers in the UK and across the globe, deciding strategy, working directly with the Prime Minister with a budget of GBP500 million, Hayman is able to give unprecedented insight into key top-level crisis meetings he attended with intelligence chiefs and political leaders worldwide. In an inspirational and at times heart-breaking account, he describes how he led a dedicated team of men and women, committed to protecting the UK from dangerous enemies. Hayman lived through the pain and soul-searching when terrorists did succeed – and the pride when intelligence officers prevented attacks.

Andy Hayman leaves no holds barred in his analysis of the way law enforcers tackle terrorism. He outlines his radical blueprint for the future to protect the public, in the run-up to the 2012 Olympic Games and beyond. If you thought you knew the stories behind the news, you’ll realise you didn’t until you read this book.

The Terrorist Hunters
Authors – Andy Hayman & Margaret Gilmore
Pages – 352
Publisher – Bantam Press

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The book is by legendary investor, Peter Lynch.  Its actually a book for beginners to investing.  Peter writes about the importance of investing early in life, and he puts forth his case of why equities are the place to invest in.  He is more bullish on investing in Equities than Gold, Real Estate, Bonds, Mutual Funds and other investments.

According to Wikipedia, Peter Lynch is currently a research consultant at Fidelity Investments and has a net worth of US$ 352 million.  His other two books, One up on Wall Street and Beating the street are considered must reads for anyone interested in investing.

The book is all about basics of investments and business.  And if you are interested in reading about the origin of business in the US, the reason for America to go the capitalist way, the earliest billionaires in the country…it makes for a fascinating reading.

Though the book is completely based on the American business and economy, the book does give you a lot of much needed information of how to go about investing, how to read the balance sheet, the basis of investments etc in a very easy to read manner.

If you want to inculcate the habit of investments and savings in your kids life while they are young, this should be one of the earliest books for them to be introduced to.  Its a good book for grown ups too who want to enter into the world of savings and investing.

One of the best managers in the history of mutual funds, Lynch is certainly the person to help people choose the right stocks and understand the market. More so than One Up on Wall Street or Beating the Street, this Lynch book is for beginning investors of all ages. Lynch and coauthor John Rothchild are family men who are worried that teenagers aren’t learning enough about the importance of American companies in improving lives and creating wealth. Lynch questions why students are taught that Hamlet was a tragic hero and Napoleon was a great general, but they don’t know that Sam Walton founded Wal-Mart. In fact, Lynch’s grasp of the past is one of the strengths of the book. One of the best chapters is “A Short History of Capitalism,” a witty and homespun look at characters like Karl Marx, the Communist who believed capitalism was doomed, and the robber barons, the shrewd railroad magnates of the late 19th century who amassed huge fortunes by manipulating the markets.

Unlike the robber barons, beginning investors, Lynch says, should stick to the basics: get in the habit of saving and investing and putting aside a certain amount every month; develop a strong stomach because the stock market is going to fall and there’s no way to anticipate it; do a little homework so you can understand the reasons to own a particular stock; and buy shares in solid companies and don’t let go of them without a good reason.

Peter Lynch – Learn to Earn: A beginner’s guide to the basics of investing and business.
Authors – Peter Lynch & John Rothchild
Pages – 270
Publisher – Simon & Schuster

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I’ve always admired Madonna for the chameleon like traits she has in her character which makes her re-invent herself to the situation.  At a time when music and musicians hardly linger in your memory for a few days / months, you have a 50 something woman who still makes you groove.  Someone who’se songs still hit the top on the hit list even though she has been around for almost 30 odd years.

250 million albums sold in a career, 27 top 20 singles, earnings of $193 million in 2006 alone,  a networth of $850 million, Madonna is a once in a lifetime phenomenon.

There’s no such thing as the perfect soul mate. Your soul mate is the person that pushes all your buttons, pisses you off on a regular basis, and makes you face your shit.  Its not easy having a good marriage. But i dont want easy. Easy doesnt make you grow. Easy doesnt make you think. I thank God everyday that iam married to a man who makes me think. That’s my definition about true love.

- Madonna speaking about her love and marriage to British movie director, Guy Ritchie.

I have an iron will and all of my will has always been to conquer some horrible feeling of inadequacy…I’m always struggling with that fear. I push past one spell of it and discover myself as a special human being and then I get to another stage and think I’m mediocre and uninteresting. And i find a way to get myself out of that. Again and again. My drive in life is from this horrible fear of being mediocre.  And that’s always pushing me, pushing me.

Madonna – A Biography by Mary Cross

Even though its a small book, i took almost 2 weeks to finish it.  My wife picked up the book in the library, but it was me who managed to finish it even though am somewhere a few pages into other books that Iam reading simultaneously.

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On this trip to Hyderabad, i bought some books from the book hawkers on the footpaths. The ones i managed to accumulate

The Intelligent Investor – Benjamin Graham

Freakonomics – Steven Levitt

The Reluctant Fundamentalist – Mohsin Hamid

Straight From The Gut – Jack Welch

Kaoboys of R&AW – B Raman

….and a very sweet friend of mine gifted me “The 80/20 Principle – Richard Koch”

Guess how much the whole stuff cost me? Around 1500 rupees (USD 37 approx). The same books on Amazon would have costed me around USD 150.

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Went shopping after lunch and since i felt i had to reward myself, walked into a bookstore. Browsed through and my eyes fell on a book that i had been wanting to read for a long long time. “The world is flat – Thomas Friedman”. Had been reading quite a few good reviews of the book. So thought of picking up something to keep myself occupied till my India trip when iam going to raid a few bookshops in Hyderabad. I have quite a few books on the top of my mind that i want to buy on my India trip cos books are freakin costly here in Singapore. These are the few iam looking out for:

The Intelligent Investor – Benjamin Graham
The Reluctant fundamentalist – Mohsin Hamid
The Kaoboys of R&AW – B Raman
Freakonomics
City of Djinns – William Dalrymple

There are so many books that i have bought and am yet to read them. Another superb book that i would recommend anytime is “Undercover Economist” by Tim Harford. The book is in one word. Magnificient. The author also writes some superb articles under the heading “Dear Economist” in the Financial Times website.

If anyone of you has read any of the mentioned books and has any comments about them, please do write. Sometimes i wish, the day had more than 24 hours. There is so much to do and so less time.

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