Linkfest: March 27,2017

Some stuff I am reading today morning:

How to get rich like Warren Buffett (Mint)

Explained: Reliance’s Insider Trading Case (BS)

DMart is the priciest retail stock globally (Money Control)

IPOs worth 20,000 Crores lined up (ET)

The backdoor entry of Aadhar into Income Tax (Quint)

Year End Buying (Subramoney)

Which business should you  be in? (Amit)

10 headlines you will never see in the financial media (Daniel)

One of the biggest ideas in life is compounding (WiloWallStreet)

Over 12 SUVs to blaze Indian roads soon (Money Control)

Top Clicks on Alpha Ideas This Week

Here are the most clicked on items this week on Alpha Ideas :

Top 5 Holdings of Radhakishan Damani (AI)

More valuable than gold (AI)

The best free investing tools on the Internet (CS)

Chart: How imports have destroyed India’s paper industry (AI)

Promoter Capture (AI)

Best IPOs in last 15 years (AI)

Be willing to do the grunt work if you want to be rich (FS)

Why Morningstar awards remind me of Govinda (AI)

Maybe it’s time for hostile takeovers (Uday Kotak)

Investor Question (AI)

Book Review: An Era of Darkness

“An Era of Darkness-The British Empire in India” by Shashi Tharoor was inspired by his speech at the Oxford Union Debate which went viral and even got praise from PM Modi.

In the book,the author expands on his speech and explains with an array of facts and figures how the British looted India and how millions of Indians paid with their properties and lives for the enrichment of Britain.

The “Brutish Rule” worked at destroying India at many levels:

  • The British Raj was different from the Mughals and other rulers was that they did not spend the collected tax revenues in India-what they could collect,loot and steal- they sent it back home.
  • Indian manufacturing was decimated-be it textiles & industry goods-ensuring that India only supplied raw materials.The adage “India missed the Industrial Revolution” is just a myth-Indians were thru rules, laws, regulations, tariffs and brute force were kept outside it
  • The British ruled India with only commercial interests in mind-how London could be benefited.As such,no money was spent on education,health etc.The British left India with a literacy rate of 16% and a female literacy rate of 8%
  • By pursing a policy of explicit racism,Indians were excluded from high posts in the Civil Services,Judiciary,Army,Police,Railways etc.As Nehru put it, “the Indian Civil Service is neither Civil nor a Service nor Indian”
  • By pursuing a policy of “Divide et Impera” (Divide & Rule), the British sowed divisions & exploited differences between Hindus & Muslims,Shias & Sunnis,Dalits & Upper Castes etc whose impact is still being suffered today and which directly lead to Partition
  • By placing London’s interests over the populace,the British ensured famines and epidemics went unchecked killing millions of people.In fact, for Indians Churchill is a bigger war criminal than Hitler for causing the Bengal Famine of 1943 where he remarked “The famine was their own fault for breeding like rabbits”

The effects of the British Raj on India can be summed as:

“In 1600 when the East India Company was established,Britain was producing just 1.8% of the World’s GDP while India was generating some 23%.

By 1940, Britain accounted for 10% of the World’s GDP while India had been reduced to a poor,’third world’ country destitute and starving”

I ,for one, believe in Karma and look forward to the day when India takes her rightful place at the top of the table

I also feel tremendously lucky to be born in a free India.

Do read this book if interested in history.

Weekend Mega Linkfest: March 24,2017

Some off beat reads for the weekend:

DMart’s success is built on Drucker’s truth (Jaggi)

Will Roger Federer ever be done? (GQ)

ScootaCar: India’s first bubble car (TeamBHP)

Startup Story: Flock (YS)

Why Renault took 10 years to succeed in India (FF)

Here’s how you can get Jio Prime for free (DailyO)

Spoof: Military aides try to cheer up Kim Jong Un (Onion)

Food History: Dal (BI)

The Offbeat Guide to Bollywood in Mumbai (NatGeo)

Ethical Traveling (LuxTravel)

What your sleeping position reveals about your personality (Brightside)

The Unfinished Book of Family (IQ)

15 most useful Google Apps you never knew existed (Air Association)

Dreams & Age (Shruti Shah)

Fear,failure and shame (Seth Godin)