I read “the wizard of Menlo Park, a life of Thomas Edison” recently. All this while I saw Edison as the guy who killed Tesla. I am not sure if that is true, but reading this book made me know a few other things about Edison. His entrepreneurial journey begun in early age, printing newspaper […]
Category Archives: Book Reading Notes
On Jamsetji Tata
I spent a few days reading, For the love of India: The life and times Of Jamsetji Tata. Not much has been written, taught about him. It made me realize the influence of the Parsi community in industrializing India. Some learnings: Importance of Education: As a result, Jamsetji IIM, JJ School of Arts and many […]
Business evaluation
Excerpt from a book Seeking Wisdom: From Darwin to Munger by Peter Bevelin
How to be miserable?
Charlie Munger in his commencement speech on June 13, 1986, to the Harvard School, talks about four ways to become miserable. Munger continued from where Johnny Carson had spoken. Carson’s prescriptions for sure misery included: 1) Ingesting chemicals in an effort to alter mood or perception 2) Envy 3) Resentment On top of this, Charlie […]
Lazy CEO
Constrain Driven Spends all the time equally on all the aspects of departments of their company. Gives the most important time on things which requires attention. Is visionary, is aware what could go wrong and take steps to fix it. Hires a set of lieutenants and delegates most of their tasks. A Learner He knows […]
Value Investing
While reading Charlie Munger: The Complete Investor, I got to know about Benjamin Graham. He is widely known as the “father of value investing.” The crux of value investing (excerpts from the book) : Determining the appropriate intrinsic value of a business. Determining the appropriate margin of safety. Determining the scope of an investor’s circle […]
On Management
These are some key insights Charlie Munger looks in an organization to acquire or invest. (excerpts from the book, Charlie Munger: The Complete Investor) : Capital allocation Compensation systems that create alignment with shareholders. Moat-widening skills. Management in place with high integrity. Brilliant and exceptional managers. Remember that reputation and integrity are your most valuable […]
Elements of style
Spent some time reading Elements of style. Two things I learned: The best writers sometimes disregard the common rules of writing. Writing in plain English which we use every day and fluency in which we talk among peers adds acceptance.
On Jeff Bezos
Continuing to the section from the book title: Steve Jobs Jeff Bezos: Building 2 Valuable Brands in America. These are some learnings author shares from Jeff Bezos. Act, Even If It Means Taking Risks Think Long Term Be Stubborn, Flexible, and Realistic Know Your Limitations Adjust Business Plans Before Expanding Your Customer’s Voice Matters Most […]
On Steve Jobs
I was reading the book title: Steve Jobs Jeff Bezos: Building 2 Valuable Brands in America. I liked the author’s writing style, simple and to the point. These are summary of authors observation from the life of Steve Jobs. I am sure most of us have read all these in one of the other books […]