Sunday, December 30, 2018

Book Review of Ben Gurion: The New Millennium Edition.

Ben Gurion: The New Millennium Edition. A biography of the leader written by Michael Bar Zohar and translated by Peretz Kidron.

David Ben-Gurion born David GrĂ¼n; 16 October 1886 – 1 December 1973, was the primary national founder of the State of Israel and the first Prime Minister of Israel.

The book is an account of the life of Ben Gurion (B.G) based on the personal diary of B.G., his personal archives, public archives, and the interviews of various people who had worked with B.G. at different points.

This edition of the book was published after the death of Ben Gurion and other lead characters; hence the author had more liberty in writing about their personal affairs. The access to personal diaries perhaps also helps in casting a better light on the events.

It is note-worthy, Michael Bar Zohar has tried to put a balanced perspective to B.G. life. He starts with the struggles of the young B.G. from eleven years of age to the peak when the country was established; the height of his power, and subsequent decline (perhaps due to age). The author has highlighted the good, the bad and the ugly aspect of B.G., which makes it exciting and brings it more credibility.

Meanwhile, the book's emphasis at different stages of B.G.’s life is also even, although, on a standalone basis, readers may wish for an uneven book. Close to half the book is dedicated to his rise as a leader all the way to becoming the first prime minister. Approximately, 40% of the book is his time as the Prime Minister, defence minister and the time until he lost the plot.

While reading the life of an extraordinary person; readers tend to focus on both phases of life, the struggle that led to becoming and the details from the golden era of the icon. Reading ‘Ben Gurion: The New Millennium Edition’, readers are exposed to many perspectives till B.G. becomes the Prime Minister. For example, as a young man, he wanted to change the Ottoman Empire from within and establish the nation of Zion as a state within the empire. When he became the leader, before establishing the country he had considered the option of treating all citizens alike, Arabs and Jews. Once, he realised that the Arabs will never agree to live with Jews in peace; he firmed his view on constituting a country for Jews only. But the book also leaves many questions unanswered; what were B.G.’s thoughts on education, industries, jobs, youth while he was in the government.

It seems the highlight of his premiership was the establishment of the state. Since the world & concept was based on the life of a race/religious inkling, it was inevitable that there would be a war all along; hence the book ends up detailing the battles with the Arabs and the meetings with the head of states of France, Germany, and the USA.

Despite all of there are many takeaways from reading B.G.’s life, they are as follows.

  • One should be ambitious and set broad goals. The attainment will only happen if we work out in small steps. Have grand aims but be practical. Being visionary is easy, but the realisation requires effort, dedication and patience.
  • Focus on the details of the plan and prepare every day to grasp that one moment of opportunity when it comes your way. 
  • Each crisis should be used as an opportunity, and instead of aiming to revert to status quo, individuals should strive to utilise it to their best interest or larger goals. Leadership requires being decisive in the face of chaos and fear.
  • Reading is essential; interacting with experts in various fields is critical to broadening your horizon. It’s not necessary to agree with everything just because you respect them. Sometimes, disagreeing is also essential. 
  • Eventually, age catches up with everyone, don’t believe in immortality. If the reaction has slowed down perhaps its time to retire and move out. Let the new generation take up the charge of the organisation and let them fulfil larger goals. 
  • Write your thoughts to cross-check the understanding of facts at a later date. It is not necessary that the outcome is to your liking. But this habit will enforce you to think through before putting up an opinion. 
  • Aiming to serve the state or people is not so easy, the sacrifices will be high. And at the top, you would be mostly alone. 

Apparently, these were some of the learnings I could think of while reading the book. Feel free to add more to this list. All in all, it's a book one should add to their reading list among the biographies and interest in History means that you must read it.

Link to purchase the book --
https://www.amazon.in/Ben-Gurion-new-millennium-Michael-Bar-Zohar/dp/9659048203

Weekly Readings - Dec 30, 2018



BASIC READING:

Life, Thoughts & Complication

Reading Books & Articles

What We Learned This Year

Social Impact

Facebook, Control & Lack of Vision

An Expat Teacher in HongKong

A Soldiers Narrative

From A Sports Writer to Amazon Delivery Guy

Gender Gap in Financial Services

Stealthy Wealth: On Being Humble

Technology & Financial Services

Technology Impact on Insurance

Technology Impact on Banking

Wealth management in an era of robots, regulation, and new money

Technology Perspective on Banking

Investing:

Perspective of Value Investing

Why to Invest in Equities?

Equities vs Real Estate

Investing: Do your own homework

** Investing Ideas That Changed My Life

** Investing websites and why I use them

** Professional Money Management is More About Temperament Than IQ

Why India is a different Market?

Zero Fee Index Funds

Misrepresenting Charts - Bear Cycle Length

Rear View Mirror and Windshield

Opinion Summary: Ritesh Jain

Business

Lemon Tree, Warburg Pincus Form Joint Venture To Develop Co-Living Platform

Banks & 2018: Aadhaar verdict, NBFC crisis & UPI 2.0: Trends that hit banking sector in 2018

Bharti Infratel

GVK To Refinance Debt

NCLT Recovery

Earning

The Amazon Affiliate Program

Personal Finance

Want to avoid risks? Buy NCDs and park interest in equities

Portfolio: Interview

Personal Finance: Retirement Plan

Ethics

Corruption that connect South Africa & India

Offbeat:

Being a Punjabi

Trump Again - The Show Builder

India's First Passenger to Fly

Internal Strife of BJP

Paintings of Jobs in 19th century

Sunday, December 23, 2018

Weekly Readings - Dec 23, 2018




Read of the week: The importance of thoughtful deliberation—and its implications for the future of capitalism

Economy

Recession History Revisited

Alan Greenspan: Investors should prepare for the worst

Why Fed has to Raise rates?

Why Farm Loan Waivers' Makes Sense?

Open letter to the RBI Governor

Niti Aayog -- Making Plans Without the Homework

Maurice Obstfeld discusses his tenure as the IMF’s chief economist

Investments 

Action Planning 

Walter J. Schloss Revisited
To read more about Walter J. Schloss  -- https://www.valuewalk.com/walter-schloss/

Buy and Forget vs. Active Investment Management

3 Correlation Myths In Portfolio Construction

Swedroe: Putting Panic In Perspective

Charts & Thoughts 

The best defense is a quality business

Investing: Vijay Kedia's Interview

2019, the Year of Value Stocks?

The Impact of Flows into Exchange Traded Funds: Volumes and Correlations

FLAME

Business

Being a Wealth Advisor would be Difficult

How to Frame Services. To know who will not be your client is a clarity that one should have in service business. 

How not to do a business!

FAQ for Petrol Pump Dealership

Graphite is the new Gold

Management

Product & Service Design

Why digital strategies Fail

Why data culture matters

Ten red flags signaling your analytics program will fail

Technology

Intel from Silicon, Robot for Presidency

Technological singularity

Offbeat

What kind of company is Mckinsy? Read to Conclude 

Chinese Hacking

Jinnah's House in Mumbai – Wadia’s Claim. The Twisted Logic of Swamy

3 Reasons You Are Never Satisfied -- Lifestyle; Relative Wealth; Career obsolescence

Mir Sultan Khan: The Unsung Chess Genius 

Tech Is Killing Street Food

Chennai’s Beloved ‘Rs 5 Doctor’ Passes Away: Why He Was a Messiah to The Poor

How personalized medicine is transforming your health care

On Writing

Gossip in Delhi

Ethics 

Bashing tech companies: : Your Data is Being Sold Without you knowing or understanding its implication

For & Against Social Media

Googling Google

Books 

The 24 Most Popular Book Club Picks of the Year

The Sci-Fi & Fantasy Trends of 2018

NYT – 100 Notable Books


Sunday, December 16, 2018

Weekly Readings - Dec 16, 2018

Must Read


The 100 Great Innovations of 2018
https://www.popsci.com/best-of-whats-new-2018

Investing 

Surviving The Investing Game

Choice of Financial Writings of 2018

Ethics: Buybacks & The New Kind of Frauds


SIP




Business

The Beauty Business of Korea

Economics


Sweden Economics: High-tax, high-spend, and successful start-ups 

Four Quadrants Framework for Market Cycle
http://worldoutofwhack.com/2018/12/10/charts-that-matter-13/

Offbeat

Life Of A Former Mossad Agent

Opinion: Pakistan and Its Headache

Andaman: Where India Watches China

Dr Elon & Mr Musk

Google's Game Learning AI

Propaganda & Media Manipulation

Sociology

Lack of Humanity: Bangladeshi Hindus

Lack of Humanity: Uighur Muslims

Technology


The DEA and ICE are hiding surveillance cameras in streetlights. Just because you are on street and cant see a camera don't think no one is watching you.
https://qz.com/1458475/the-dea-and-ice-are-hiding-surveillance-cameras-in-streetlights/

Security

Understanding Why Cyber Terrorism is Uncommon
https://www.schneier.com/blog/archives/2018/11/what_happened_t.html

Fake News & Propaganda: Undermining Democracies
https://www.lawfareblog.com/information-attacks-democracies

Surveillance Kills Freedom By Killing Experimentation
https://www.wired.com/story/mcsweeneys-excerpt-the-right-to-experiment/





New Australian Backdoor Law: Privacy is Theory
https://www.schneier.com/blog/archives/2018/12/new_australian_.html


For Deep Technical Interest