Sunday, August 24, 2014

SECURITY ANALYSIS




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Security Analysis: Sixth Edition, Foreword by Warren Buffett is one of the most significant books in the history of financial analysis. The theory on which this book is based, was subsequently called Value Investing. The book attempts to teach the investors a new approach to assess the business that lay behind security. This book contains many examples based on actual events to show the tendency of markets to undervalue some securities that don't seem to be favorable. It explains how this could help the savvy opportunists, if assessed rightly. It basically shows how an investor who is professionally trained can utilize the financial analysis of the corporation to determine the intrinsic value of a company. Security Analysis further explains how Graham's margin-of-safety principle can be used to make profit. It shows the investors how stocks can be bought when the market price is way below its original value and then earn good returns. The book also discusses the genesis of corporate finance and financial analysis. Security Analysis: Sixth Edition, Foreword by Warren Buffett was published on 25th November, 2008 and is available in hardcover. It includes a short introduction to the book by Warren Buffet who benefited immensely from this book.

Friday, August 15, 2014

Home-grown fictions outsell international bestsellers


The quick, pacy and low-priced reads by contemporary Indian authors have become a rage among the Ranchi youths. The book shop owners in the city admit that youngsters prefer a Chetan Bhagat and Ravindra Singh to a Richard Dawkins. Teenagers can relate to the love stories set in metropolitans. Reshma Kumari, a second year student of Ranchi Women's College said, "I love reading Ravindra Singh. The climax of his novel, 'I Too had a Love Story' put me to tears". Nonetheless, there are some who still swear by the foreign authors. Aryan (21) said, "I am buying a Nicolas Sparks book for my sister. I hope she appreciates my choice." S K Jaiswal, owner of an old book store in Tharpakna, said: "The social networking sites have destroyed the habit of reading. The writers usually come up with hackneyed story plots that have clicked with the audience in the past". Hindi translations of famous English novels are also popular here. Amish Tripathy's ?The Immortals of Meluha', translated to ?Meluha ke Mrityunjay' for the Hindi readers, have received good response. Shop owner of a book store at Firayalal chowk, Pradeep Burman said, "Approximately 800 to 1000 copies of home-grown love stories sell every month. The readership comprises youth ranging between 16 and 22". He added, "Few youngsters, however, look for motivational books as well." An MBA aspirant, Aman Dev said, "Most of the stories have associated plots and one gets tired of reading them after a certain point of time. The frenzy is common among the first generation English readers". Chetan Bhagat stories harp on similar storylines but as long as his book makes money, he gets to rule the market, he added. The international bestsellers, mostly non-fictions, are still missing from the book shop racks. The National Book Trust (NBT) organizes book fairs every year but not much is done to develop reading habits among the youths of the city.

Thursday, July 31, 2014

The Accidental Prime Minister:The Making and Unmaking of Manmohan Singh By Sanjaya Baru

Get it here In 2004 Sanjaya Baru left a successful career as chief editor of the Financial Express to join Prime Minister Manmohan Singh as his media adviser in UPA 1. Singh offered him the job with the words, ‘Sitting here, I know I will be isolated from the outside world. I want you to be my eyes and ears. Tell me what you think I should know, without fear or favour.’

The Accidental Prime Minister is Baru’s account of what it was like to ‘manage’ public opinion for Singh while giving us a riveting look at Indian politics as it happened behind the scenes. As Singh’s spin doctor and trusted aide for four years, Baru observed up close Singh’s often troubled relations with his ministers, his cautious equation with Sonia Gandhi and how he handled the big crises from managing the Left to pushing through the nuclear deal. In this book he tells all and draws for the first time a revelatory picture of what it was like for Singh to work in a government that had two centres of power.

Insightful, acute and packed with political gossip, The Accidental Prime Minister is one of the great insider accounts of Indian political life and a superb portrait of the Manmohan Singh era.

WAR OF THE WHALES:A TRUE STORY BY Joshua Horwitz

Two men face off against an all-powerful navy—and the fate of the ocean’s most majestic creatures hangs in the balance.

"A gripping, brilliantly told tale of the secret and deadly struggle between American national security and the kings of the oceans."—Bob Woodward

War of the Whales is the gripping tale of a crusading attorney who stumbles on one of the US Navy’s best-kept secrets: a submarine detection system that floods entire ocean basins with high-intensity sound—and drives whales onto beaches. As Joel Reynolds launches a legal fight to expose and challenge the Navy program, marine biologist Ken Balcomb witnesses a mysterious mass stranding of whales near his research station in the Bahamas. Investigating this calamity, Balcomb is forced to choose between his conscience and an oath of secrecy he swore to the Navy in his youth.

When Balcomb and Reynolds team up to expose the truth behind an epidemic of mass strandings, the stage is set for an epic battle that pits admirals against activists, rogue submarines against weaponized dolphins, and national security against the need to safeguard the ocean environment. Waged in secret military labs and the nation’s highest court, War of the Whales is a real-life thriller that combines the best of legal drama, natural history, and military intrigue.

COURTSEY:aMAZON.COM