Tag: Books

  • Uncommon Love: A Profound Sketch Of Simple Souls!

    Uncommon Love: A Profound Sketch Of Simple Souls!

    Uncommon Love: A Profound Sketch Of Simple Souls!

    The hearts of the brilliant minds

    The colours and seasons of evolving love

    The personal costs of entrepreneurship

    The role of parenting in creating leaders

    The story of the guiding light of Infosys

    The tale of India’s most loved children’s author

    The chronicle of current British PM’s family

    The history of India’s IT Industry

    Chitra Banerjee Divakaruni’s ‘An Uncommon Love: The Early Life of Sudha and Narayana Murthy’ covers all of the above and more themes!

    Like its iconic subjects, Uncommon Love is a simple, candid and honest story of the early life of Sudha and Narayan Murthy. The couple have led a very private life and hence it is quite insightful to get a peek into their personal world. The book is filled with rich anecdotes which are a delight for everyone. These tales give us a clear understanding of the individual traits of Sudha and Narayan.

    Indeed a few stories stand out:

    Sudha Murty is a movie buff and a certified ‘First Day First Show’ fan. She won the title of Miss Cinema, after winning the bet to watch one movie every day of the year in a theatre! I can relate to it totally!

    She was the only woman in the engineering class of 150 men and had to face a lot of challenges including derogatory comments and total unkindness. Her admission conditions included compulsory wearing of saree, no access to canteen and no chatting with boys! The college had no toilet and she had to travel to home in break. But not only she excelled despite the systemic misogyny, she won the respect of everyone!

    She got prestigious MIT admission but she gave it up for a shop floor job at Telco – A job where she challenged J R D Tata for ‘men only’ employment policy of Tatas and won the coveted job. She faced similar challenges like the engineering college but her persistence and diligence and professionalism won the day. Later in life, she cried profusely when she visited MIT.

    Sudha supported the entrepreneurial dreams of Murthy emotionally, physically and even financially! Murthy would be broke and she would loan money and fund their expenses. She had a notebook of loans which she destroyed on their wedding day.

    She regularly financed Infosys and saved it – even pawned her wedding jewellery. She had to be away from her young daughter Akshata to help Infosys as well as manage her job.

    Narayan Murthy got an IIT admission but his father’s financial situation forced him to turn it down. He was devastated.

    He learnt English due to the nudge and kind help of a roadside shopkeeper!

    He proposed to Sudha in an autorickshaw. Though she agreed, her father was not convinced. Narayana also had worn a Red Shirt when meeting his prospective in-laws and gave weird responses to their questioning.

    He turned down a lucrative job offer at Hindustan Lever because of the ‘separate toilets’ policy.

    Azim Premji interviewed Murthy but did not offer him the job as he thought Murthy was too simple. What if Azim Premji had hired Narayan Murthy?

    Narayan Murthy founded Infosys but he gave a lion’s share to all other colleagues. All the other co-founders got big equity share – more than the normal business parlance. He kept only 30% and distributed the rest. He took a 90% salary cut while gave a 20% hike to others. He always focussed on the comfort of the employees. Compassionate Capital is his mantra!

    Narayan Murthy did not allow Sudha to join Infosys as he wanted to create a totally professional company. He told her that if she wants to join Infosys, he will support her decision – he would leave and let her run the show. Sudha was very disappointed, hurt and angry. These hard decisions created Infosys as a different company (there was a brief departure from this position when Rohan joined as EA for a short period).

    What if Sudha Murthy ran Infosys?

    Murthy was busy building Infosys and could not spend time with the kid. The children felt that Infosys was the third sibling – the favourite child that never grew up and required constant attention.

    He continues to be the simpleton. He cleans his own toilet.

    Sudha clearly emerges as the brighter, smarter and more generous with her untold sacrifices. But Narayan Murthy’s simplicity, humanity, ethical approach and care for everyone else is his distinguishing hallmark. As Sudha said, he was the trapeze artist in the circus and she was the safety net!

    In summary, Uncommon Love is a great read. The author’s grip on the content is not consistent and the book is bereft of any pictures – the one big disappointment in such a rich historically important biography. While the childhood, career, courtship, marriage, childbirth and entrepreneurship is captured well, the rise of Infosys and Sudha’s author career is very rushed.

    The love, understanding, respect and support that Sudha and Narayan gave each other is the core message of the book. They do not need anyone else other than each other’s company. They are mirror to each other and their bond strengthened by shared values and idealistic principles.

    The book also gives a glimpse of the challenges that Narayan Murthy faced in setting up Infosys after his first failure as an entrepreneur. Indeed it is due to persistence of him and likes of Fakir Chand Kohli, that India has emerged as an IT superpower – that would change the glo

    Sudha Murty N. R. Narayana Murthy

    #uncommonlove #bookreview #infosys #narayanmurthy #sudhamurthy #entrepreneurship #biography #chitrabanerjeedivakaruni

  • Everybody Lies – Book Summary

    Everybody Lies – Book Summary

    Everybody Lies : Insightful. Shocking. Mind-blowing. Original. Smart. 

    Seth Stephens Davidowitz introduces us to the smart and astonishing insights by analysing the huge collection of big data. 

    In the process, it lists many anecdotes and examples:
    1. Why election of Donald trump should not surprise us!
    2. What is the biggest worry in a marriage – sexless marriage, loveless marriage or unhappy marriage?
    3. How many men are gay?
    4. Does advertising work?
    5. What should you talk about on a first date if you want a second?
    6. Can you beat the stock market?
    7. What is the most interesting sexual query in India? 

    Let me summarise quick points:

    1. The book’s basic premise is that everybody lies – to themselves and others. But digital trails that we leave on internet can be highly revealing.

    2. Everybody lies. How many drinks they had on the way? How often they go to gym? How many books they read? People want to look good and they under-report embarrassing behaviours and thoughts on surveys. This is called Social Desirability Bias. 

    3. People brag through social media posts,  social media likes and dating profiles. But the real truth is revealed by searches, views, clicks and swipes 

    4. Google searches are the most important dataset ever collected on the human psyche. The internet can tell us a lot about ourselves – things we may or may not know about ourselves. It also exposes the chasm between ideal self we project to the world and the true beings we are. 

    5. The new data increasingly available in our digital age will radically expand our understanding of humankind. 

    6. Trust data and build your actions around it! Analyse data and build your business around it!

    7. Netflix learned the above lesson early on in its life cycle – don’t trust what people tell you, trust what they do. So did Facebook. 

    8. People say they do not want to stalk their friends. There is little in this world they want more than to keep up with and judge their friends. Mark Zuckerberg’s  net worth is the biggest proof of this. 

    9. Similarly, everyone will claim that they have no interest in reading about bondage, dominance and sadomasochism. But people want to read about BDSM between a young college graduate and a business magnate. Proof: 50 Shades of Gray’s success – 125 million copies sold in original and the movie franchise and the revenue collection around this.

    10. Apart from business, academicians can also use big data and digital trails. Academics can use digital data to test a few hundred or a few thousand ideas in just a few seconds. No need to recruit army of researchers to perform a single test. 

    11. Researchers need to include digital data in research. Researchers on desirability and sexuality need to supplement their questionnaires to hundreds of subjects with data from sites like PornHub. 

    12. Collecting rich data on the world’s problems is the first step towards fixing them. Indeed, the algorithms know us better than we know ourselves. 

    Everybody Lies is a wonderful book indeed. A must-read for everyone to know the new emerging world. It continues the legacy of Freakonomics and Moneyball. 

    What we can learn? Study data and make decisions. The best way to work today is to have a data-driven approach. Data and insights can help you win – a difficult boss, a challenging sale and maybe love!

    Image Courtesy: Grzegorz Walczak on Unsplash

  • The End: Bombay’s Iconic Strand Book Stall Closes Down

    The End: Bombay’s Iconic Strand Book Stall Closes Down

    Strand Book Stall closes down. A heart-breaking news for every book lover.

    Hundreds of memories are associated with Strand Book Stall.

    As a student, I used to collect pocket money and save it for books. Strand offered a vast collection and great prices – so I could get more for my hard-saved money. I would sacrifice many things to collect more money for book. Though it started with stretching my money, what eventually won me was the great collection, personal touch and warm service. I met Mr Shanbagh many times and he would take so much interest in kids like us.

    My trips from Goregaon to Churchgate for buying books at Strand would be happy events in my annual calendar. I could only afford 2-3 trips in a year, but whenever I could make more trips, it would be a bliss. The annual Strand sale was awaited with much eagerness and it would be held at large Sunderbhai hall. I would carry so many bags and my fingers would have mark of the weight. I have been scolded the most for buying and collecting so many books. Even today my Bombay home is full of books. I always have been guilty of diverting my clothing and food funds to books.

    Mr Shanbagh and Strand really wanted everyone to love books and they did everything to spread that love. The prices at Strand were rock bottom. Not only Mr Shanbagh but his entire team shared the same love. I have clear memories of Mr Giridhar – he would reserve books for me and often call me when our demanded books arrived. We spent hours in the book store and they did not mind it.

    Strand offered us a standard 20% discount. It used to import books and was the preferred place for every true book lover. Since it humble openings in Strand Cinema to the Fort store, it has gained nothing but love and trust.

    70 years after its opening, it will finally close on Feb 28, 2018. A sad day for every book lover. The sadness is there. It was not a book store, it was a friendly place where others who shared books for love came together. I would like to thank Mr Shanbagh and his family for spreading the love for books. The books are important part of my life and Strand was an important part of my life.

  • The Increasing Tribe Of Graphical Novels !

    The Increasing Tribe Of Graphical Novels !

    As The Attention Deficit Increases, The Need For Innovative Marketing Medium Increases. How Do We Engage The Audience Better Is A Key Question? How Do We Ensure Stickiness?

    The World Is Moving Towards Video And Images. An Important Trend Has Been Graphical Novel !

    Many People Think Graphical Novel Is For Kids. But It Is Finding Increasing Acceptance Across The Board. All Of Us Still Have A Kid In Us. I Still Love My TinTin Comics As Well As Chacha Choudhary Comics. Chandmama Was A Staple Diet.

     

    The Zen Of Steve Jobs Was A First Big Hit For Graphical Novel Movement. Today, It Is A Very Popular Medium. Even Bollywood Movies Have Graphical Novels. Gandhiji’s Auto-Biography Will Be Released In Graphical Novel Form.

    I Came Across This In Mint – Produced By Manta Ray. Check Out The Theme Of Our Genius !

    free digital copy

  • Ahmedabad Book Fair Experience

    I have stopped visiting book fairs including the legendary Strand Book Sale. Because I have run out space in house (credit card takes care of running out of money !) I am an impulsive buyer when it comes to books. I am always ready with rationale for books : Books are the best investments – true friends – windows to culture!

    I made an exception to the rule by visiting Ahmedabad Book Fair. I had heard lot of positive reviews about the book fair. And I think the exhibition was worth the hype. It was a really well organized book fair with more than 300 book stalls. There was an exhibition of books converted to movies. I was very impressed by the eBook section of the fair – it was a nice and informative initiative. There were lectures and workshops. Also there was the mandatory food court for the foodie Amdavadis ! GujaratiLexicon Team conducted a workshop on Gujarati Internet World, Gujarati Typing and GujaratiLexicon.

    The Book Fair had special treat for Gujarati Book Lovers. The best collections were on sale. All religions and trusts were well-represented through their book stalls. Amish Tripathi, Chetan Bhagat ruled the show as usual in popular section. Children books, self-help books, cooking recipe books and religious books dominated the show.

    I was very pleased to see thousands of people visiting the book fair. It was a heartening sight to see kids in very big numbers. The love of books is second to none.

  • Good Books for Understanding Financial Crisis

    The Bailout Nation – Barry Ritholtz
    Survival+ – Charles Hugh Smith
    This Time Is Different – Reinhart & Kenneth
    Economics For Real People – Gene Callahan
    China Shakes The World – James Kynge
    The Great Crash 1929 – John Kenneth Galbraith
    The Case For Gold – Ron Paul
    Melt Down – Thomas E Woods JR
    Anatomy of A Bear – Russel Napier
    Financial Armageddon – Michale Panzner
    13 Bankers – Simon Johnson, James Kwak
    New Monitarism – David Roache & Bob McKee

    I came cross these recommendations while visiting Sundaram MF’s site.

    I recommend other books in Finance Area:
    The Barbarians At The Gate
    The Rogue Trader
    The Scam – Sucheta Dalal – Good Books To Understand Indian Scam
    Cold Steel – Great Book for Understanding M&A Dynamics
    The Richest Man In Babylon – Simple Classical Gyan About Managing Personal Wealth
    The Snow Ball : Warren Buffet & Business Of Life – Alice Schroeder – Another Great Book

  • Book Summary: Execution by Ram Charan

    Execution is one of the must-read management books. It is an excellent book on getting things done and explains the strategic importance of Execution. I am sharing some core ideas of the books.

    Execution – The Core Idea

    1. Execution is the bridge between Promises Made and Results Delivered.
    2. Execution is the hidden differentiator
    3. Execution is not simple tactics but is a separate and distinct business discipline. It is an integral part of the strategy.
    4. Execution must be the main concern and focus of every business leader.
    5. Execution must be placed at the very core of the corporate culture.

    Building Blocks:

    There are three building blocks of Strategy:

    A. Leaders who understand execution
    B. Culture focused on execution
    C. Right people in the right places

    Let us look into the more details:

    A. Leaders who understand execution

    1. Leaders live their businesses.
    2. Insist on realism.
    3. Focus on few clear priorities
    4. Follow through on assignment – Follow-up
    5. Reward those who do rather than who say they will do
    6. Coach People – So they can get better at what is required.
    7. Genuine emotional fortitude

    Let us look at Point 3 – Focus on Clear Priorities.

    It means:
    – Focus on at most 3-4 Priorities
    – Set Clear / Realistic Goals for each Priority
    – Strive To Keep Everything As Simple As Possible
    – Remind People Of These Priorities
    – Continue To Talk Directly About These Priority Areas
    – Have A Common Sense Approach To Business

    Leaders have following strengths:
    – Authenticity : Doing what you say
    – Self Awareness – Being comfortable with your strengths
    – Self Mastery – Knowing what you are talking about
    – Humility – Keeping your ego in check

    B. Culture focused on execution

    Leadership without the discipline of execution is incomplete and ineffective.

    Stronger and more transparent the linkage between performance and rewards the better.


    Consistent dialogue (formal and informal)
    Set right example
    Encourage feedback

    Bring issues to closure – now !

    More about the book at: Execution Book Site

    Image Credit: rawpixel on Unsplash

  • The All Time Favorite Books – My Must-Read List

    I am a voracious reader and I have diverse taste in reading. In my MBA days, library was my home.

    The other day, my friend asked me for a list of my favorite books. It was a difficult task. The favorites change over a period of time. But I realized that there are a few books that remain a must-read for me. I have often recommended these books to people. And ultimately, the wisdom lies in a few good books.

    So here are the books that have inspired me and influenced my thinking:

    Best Of The Best

    The 7 Habits of Highly Effective People
    Stephen R. Covey
    My Favorite Self Management Book

    The Dale Carnegie Collection
    The only self-help books that you will ever need !

    The Alchemist
    Paulo Coelho
    The Power of Dreams

    The Fountainhead
    Ayn Rand
    Philosophy of Values. Love Story

    My Experiments With Truth
    Gandhi’s Biography

    Management Books / MBA Books

    Built To Last
    Jim Collins and Jerry I. Porras
    A Management Book which is Built To Last

    Good To Great
    Jim Collins
    Management Concepts

    The Goal
    Eliyahu Goldratt
    A Thought Provoking book on Project Management

    Its Not About Luck
    Eliyahu M. Goldratt
    Sequel to The Goal

    The Tipping Point
    Malcolm Gladwell
    The power of Word of Mouth Marketing

    Snapshots from Hell : The Making of An MBA
    Peter Robinson
    An wonderful journey !

    Made In America
    Sam Walton
    An amazing book!

    Nuts!: Southwest Airlines’ Crazy Recipe for Business and Personal Success
    Kevin Freiberg & Jackie Freiberg

    Maverick
    Ricardo Semler

    The Art Of War
    Sun Tzu
    The final word on Strategy

    What They Do Not Teach You At Harvard Biz School
    Mark H. McCormack

    Focus
    Al Ries
    The Power of focus in marketing

    The High Performance Entrepreneur
    Subroto Bagchi
    An insightful and experience-rich book on Entrepreneurship

    Inspiration / Self-Help / Philosophy

    Men Are From Mars, Women Are From Venus
    John Gray
    A must read !

    The Bhagvad Gita
    Classic Gyan for life

    Man’s Search For A Meaning
    Viktor Frankl’s
    The story of a survivor from a Concentration Camp.

    Fish! for Life: A Remarkable Way to Achieve Your Dreams
    Stephen C. Lundin, John Christensen, Harry Paul

    The Secret
    Rhonda Byrne
    Self Help, Laws of Attraction

    The Diary of A Young Girl
    The journal of Anne Frank when she was in hiding for two years.

    It’s Not About the Bike: My Journey Back to Life
    Lance Armstrong & Sally Jenkins

    Biographies / History / General

    Jinnah – The Man Who Divided India
    Rafiq Zakaria
    Jinnah’s Biography – Read It To Get Surprised

    It Happened In India
    Kishore Biyani
    The Rise of Retail and Biyani

    The Richest Man In Bablyon
    Personal Finance

    Freedom At Midnight
    Dominique Lapierre and Larry Collins

    Roots And Wings
    Raksha Bharadia
    A wonderful handbook on parenting

    Fiction

    Midnight’s Children
    Salman Rushdie

    The Namesake
    Jhumpa Lahiri

    The Da Vinci Code
    Dan Brown

    Eleven Minutes
    Paulo Coelho

    The Train To Paksitan
    Khushwant Singh

    Shantaram
    Gregory David Roberts

  • Book: Hot, Flat, And Crowded

     

    Thomas L Friedman, the celebrated author of ‘The World Is Flat’ is back with his new book : Hot, Flat and Crowded. The focus is on Environment. The focus is on how America can take leadership. I expect the books to cover energy issues, clean energy, rise of Chindia and demand of energy, change of American habits, global responsibility etc. 

    Thomasd Friedman has been campaigning about this for some time now. 

     

    Indeed, environment is the next in thing. It is the area that is often ignored in quest for development and comforts. America will need to provide leadership as it is the biggest consumer of energy. It will have to align and inspire developing nations. It is a tough task! However, this is an area where the entire mankind will have to think creatively. Expect more ‘back-to-village’ romantics, more ‘local food’ consumers!