This post is in continuation of my book review series (see here)
Tata Log is a book on the various aspects of the Tata Group.It covers various events in the Tata Group such as the launch of Tanishq,the path breaking SCIP program,the tribulations of Tata Finance, the making of Tata Indica etc
Written in a very easygoing and informal style,this makes for a good light read and I was able to finish it in one go.
The author of the book is Harish Bhat,the Managing Director of Tata Global Beverages Ltd.Mr. Bhat is widely regarded as an inspiring leader and a terrific person.Courteous to a fault and chivalrous to the extreme, I had the good fortune to listen to him at the book launch.
I would strongly recommend this book for those readers who want to know more about the Tata group.
Some interesting off beat reads for the weekend:
How Arindam Chaudhuri made a fortune off India’s middle classes (Caravan)
Interview of Lt.Gen Shahid Aziz of Pakistan on the Kargil war (Outlook)
An application for the job of the Pope (Open)
Prachanda’s long tussle for power in Nepal (Caravan)
Manmohan Singh’s doodles (Newslaundry)
How Motherson Sumi became a giant auto parts manufacturer (ForbesIndia)
Stock Selection:The most important number (Moneylife)
Andaman & Nicobar Islands:A security challenge (IDR)
How Tom Serres raised 8 Million $ in two weeks (Forbes)
Why beef is becoming more like chicken (Slate)
The return of Muqtada al-Sadr (ForeignAffairs)
50 years ago:The world in 1963 (Atlantic)
The Hollywood portfolio (VanityFair)
Salesmen of the Apocalypse (BusinessWeek)
Massive meteor breaks over Russia (Smithsonian)
The world of master criminals (GreatBong)
The story behind the Pope’s resignation (UnrealTimes)
Michael Jordan has not left the building (ESPN)
Anatomy of a Heroin ring (Chicagoreader)
How did Susan Miller become the go-to astrologer in New York? (Nymag)
Pandora’s inbox (SashiTharoor)
In one of the AGMs that I attended, there was an impatient “investor” sitting next to me.
He confided to me that he was waiting for this AGM to get over so that he could have his lunch and then he could attend two more AGMs !
I remarked that he must be having lots of shares to attend so many AGMs. He replied in Hindi “Nahi, Nahi.Sab mein 5-10 shares hai .”
Looking at my puzzled expression, he explained” You buy 5-10 shares of a company.In a AGM, they normally have a meal (lunch or snacks). If the venue is nearby, you attend the AGM.By attending two/three AGMs, you recover the cost of your shares.Sometimes the management gives gifts also.Plus, you get dividends and a lifetime access to free meals !”
If Ben Graham heard this approach to value investing, he would probably turn in his grave !