A simple effort to share the flow of thoughts and stream of emotions that well up in my mind
Wednesday, May 5, 2021
Book Review – Tableau for Dummies, Molly Monsey & Paul Sochan
Saturday, May 1, 2021
Book Review - The Intelligence Trap, David Robson
Well, we all have that one friend (or many, as in my case) that shares fake news or unverified information on their social media posts or through WhatsApp. While I have been able to change a few of them and make them verify anything before they share it with others – or at least with me – I have also lost friends due to what they consider to be my ‘pedantic’ approach. I have always wondered about what makes these people, most of them well-educated and in respectable professions, share fake information without ever checking its veracity. This book is an apt answer to that question.
Well, this book isn’t purely about debunking fake information, but about why supposedly smart, well-educated people do stupid things and end up with egg on their faces. Starting with how we mistake IQ as a measure of intelligence, though people with much lower IQ scores often outperform such ‘geniuses’, the book lays down its arguments for how often intelligence is nothing but thin ice – cool and shiny but fragile and pointless.
Starting from a Nobel prize winning scientist that denied climate change and HIV to detailing the whims of Steve Jobs, the man who made Apple what it is today, the book delves into the logical fallacies that plagues every intelligent mind. Becoming myopic due to their acknowledged genius, having their ideas and opinions crystallized despite proven facts to the contrary, inability to listen to the opinions and learn from others are some of the mental malaises that victimized many of the most brilliant minds in human history. This book speaks about such weaknesses and elicits lessons from their mistakes. Speaking about organizations, it states the reasons for why even the most successful organizations like Nokia went into a tailspin and why NASA had to have more than one disaster to strengthen its engineering processes.
There are still people that believe that the world is flat and, at present, that COVID is a hoax, despite glaring evidences staring at their faces. The tragedy is that most, if not all, of these people are well-educated and supposedly of sane minds. The logical fallacies that dominate their thinking is all laid bare in this book. The cure to such malaises? Curiosity and intellectual humility.
In an age when ultra-nationalists and bigots are taking over every public forum to spew venom by spreading lies and misinformation, books like these can boost rational thinking and logical abilities. It gets a tad slow at times, but is a worthy read nevertheless!
A.
Tuesday, April 27, 2021
Lokāh samastāh sukhino bhavantu!
Thursday, April 22, 2021
Book Review – Firefighting: The Financial Crisis and Its Lessons, Ben S. Bernanke, Timothy F. Geithner, Henry M. Paulson Jr.
It was the year 2008. I was happily settled in an MNC NBFC, having been promoted recently and destined for more growth. Just as I was thinking that things could only get better from here, the scales tilted and everything went on a downward spiral. Within a span of 6 months, I was left searching for jobs - twice. What was looking like one of the most memorable periods of my life for all reasons good, turned out to be an unforgettably forgettable period. Reason? The conflagration that was threatening to burn down the Wild West of American economy – the Wall Street.
Subprime Mortgages – these two words caused all that chaos. To tell you the background in simple terms, just like me the world was highly optimistic in the years leading to 2008. Investors were willing to bet on high-risk investments that promised high returns. Banks and financial institutions were flooding the market with liquidity. People were starting to chase the dream of owning a house. As a result, there was a boom in real estate in the US and elsewhere, with real-estate prices increasing every day. Financial institutions that were lending to fuel this boom wanted to raise more funds to lend more. One of their ideas was to repackage these loans into mortgage-backed securities (MBS) and sell if off to return-craving investors, on promises of regular returns.
With the demand for MBS growing more and more, the financial institutions started giving home loans to even uncreditworthy people – people with no solid income, no credit history and no assets to guarantee the repayment. On one end, investors were pouring in money, driven by greed, and on the other, banks were throwing it all away by lending it to all and sundry, based on overconfidence bordering on arrogance. It was all based on the assumption that the real-estate demand will keep up and the prices will go on increasing.
Then came the slump in demand for housing and suddenly there were more houses than takers. Also, the subprime mortgages were starting to go sour. With defaults piling up and the investors starting to pull out their investments fearing losses, the financial institutions that were indulging in this perilous business were starting to fall like dominoes. Their collapse resulted in serious recession and unpleasant fallouts elsewhere too – in the form of job losses, negative spends, resultant decrease in demand and in turn, more job losses – including that of people like me.
This book is written by the people who were in the forefront fighting that financial hellfire – Ben S. Bernanke, Chairman of the Federal Reserve, Timothy F. Geithner, Treasury Secretary (Obama) and Henry M. Paulson, Jr., Treasury Secretary (Bush). Advantages of reading a book written by people who fought the fire is that you expect to get a front-row view of the crisis as it unfolded. The book lives up to that expectation. With their experience and wisdom, they have well explained the causes of the crisis, events during the crisis, the casualties and the cure administered. Comprehensive and unbiased, they have pointed out the pros and cons of the corrective measures taken by both administrations – by George W. Bush and his successor, Barack Obama. Having written the book by 2019, they have also shared their thoughts on how America is well and ill-equipped to handle a similar crisis at present, especially as it stood polarized under an uncouth president like Donald Trump.
One of the negatives is that they have written the book in a diplomatic manner and from too high a view to recount the pains of people at the bottom of the financial pyramid. Neither is there a recounting of greedy arrogance of the CEOs that dragged American economy to its nadir (but who received safe exits – ‘golden parachutes’ – sans compunction). Nor is the resulting global financial pandemonium spoken about in detail. But considering the authors’ positions and the fact that this book is mainly about the financial crisis in America, we understand that those topics are simply out of the scope of this book.
Clear and comprehensive, this will be one of my favorite books on the financial crisis 2008!
A.
Wednesday, March 10, 2021
Transience is all there is!
Wednesday, February 3, 2021
A Late Winter's Dawn
Waiting at the terrace, I was able to watch the Sun climb up on the East like a shy bride, appearing all decked and docile in a glowing shade of orange. If only cellphone cameras could capture her regal splendour!
Saturday, January 23, 2021
Book Review – Tongue-In-Cheek: The Funny Side of Life, Khyrunnisa A
Let me confess. I am that guy on whose jokes nobody laughs. Be it in school or in college, or even at work, not many people break into a guffaw when I utter, what I consider to be, wisecracks. On the contrary, there were always some back-benchers - or junior staff members now - who made people around fold up with laughter, by uttering simple grunts and groans. Naturally, I have always envied people with such astonishing sense of humor. As I grew up, I understood the most important trick of making people laugh – never trying to make them laugh. Good humor is based on spontaneity and smartness. While I assumed that I had the smartness, I was never spontaneous. I always tried to make my jokes smart and sharp, ending up sounding incomprehensible in the process.
You may not ‘LOL’ at the end of every other sentence, but the genuine hilarity of these tales is guaranteed to give you a lightened mind and some hearty laughter. Tongue-in-Cheek is cheeky indeed!
A.
Book Review — Be More Bonsai, Mark Akins
During my school days a magician visited our school and taught us the art of Origami. Creating lively shapes out of plain notebook papers, h...
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1984 is one of those years in Indian history that reek of blood. The rampant killings by the secessionist terrorists, the Indian army’s ...
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The one thing that I find disgusting about the publishing industry is that sometimes it tends to behave like music industry. If you are...
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There is a quaint charm about the books of R.K. Narayan, like the languid grace of late summer afternoons. There is no urge to spell o...



