Year: 2009
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Indira: The life of Indira Nehru Gandhi (by Katherine Frank)
This book is an interesting read about the personal life of Indira Gandhi. It is difficult for most of us Indians to talk impassively about the life of Indira Gandhi as a person and not as the prime minister of India. During her tenure and even till today she is said to be most hated…
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How Microsoft Is Fighting Back (Finally)
Microsoft will be offering the basic version of Windows 7.0 at $15 a piece. It is less than one third of what each Windows license usually costs. Windows 7.0 does not fit in the traditional fat-profit business model of Microsoft. After all last year the Windows division made $13bn profit on $16.9 bn of revenues!…
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Outliers: The story of Success by Malcom Gladwell
Outliers tries to debunk the theory of “self-made-men”; about how we often associate success with just the personal qualities of individual like intelligence, hard work, courage. The point in the book is that there are many men with same qualities out there but not everyone is as successful. We owe something to our parentage and…
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Confessions of a risk manager
Confessions of a risk manager is a classic article in Economist published around Aug 2007 before all the hell broke loose. This is my second reading of the article after it was published. Looking back now the risk manager’s concerns seem to be justified. CDOs sat uncomfortably between credit and market risk. In the end…
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Loss aversion and trader’s psychology
How professional traders will behave under stress is a very intriguing topic. They were supposed to be taking reasonable decisions under stressful conditions of trading environment where speed is of the essence. The article points out that under extreme stress the analytical part of human brain switches off and the intuitive part of the brain…