In life as in cricket complacency or overconfidence is lethal. As Indian markets go up same is true. It is said"only paranoid survive"!
— Uday Kotak (@udaykotak) June 20, 2017
India implements 3 momentous changes:GST, RERA( real estate), IBC( bankruptcy). Can transform. But need focus on friction risk in short run.
— Uday Kotak (@udaykotak) June 26, 2017
Some stuff I am reading today morning:
15,000 Crore realty scam in Telangana (ET)
GST reform looks like an Indian wedding (Mint)
The misplaced propaganda by Indian Pharma (Dinesh Thakur)
Profile: Aditi Kothari Desai, DSP Blackrock (Forbes)
Why cold hard cash remains king (Bloomberg)
Save or invest? (Bala)
How Daniel Schwartz saved Burger King (BI)
Our unusual early retirement withdrawal strategy (RetireBy40)
Why I wanted to build a real estate empire (FS)
This time is really different (Bloomberg)
Some off beat reads for the long weekend:
How Uber’s CEO got fired (NYTimes)
Behind the MGR Seduction (Scroll)
The case of the Missing Rahul Gandhi (Jaggi)
Open letter by Sanjay Dixit to disgruntled IAS officers (Swarajya)
Pakistan-The undeclared Jihad Factory (EP Today)
How boy soldiers survived Boko Haram (NYTimes)
Confessions of a Cartel Hit Man (Men’s Journal)
American truckers are debt slaves (USA Today)
Being Donald Trump-The life of an impersonator (Guardian)
Travelogue: Iceland (AFar)
Japan in 72 Hours (Nat Geo)
When did we lose the game to Pakistan? (Great Bong)
Darjeeling Tea: A Second Flush (Open)
Mumbai Diary (Aniruddha Roy)
Why India needs a library movement (Caravan)
This biography of Elon Musk by Ashley Vance is an incredible read.
Many people know of Elon as the Founder of Tesla but not many know his story.
Elon was born in South Africa in a middle class family. He migrated to Canada in his late teens and paid for his studies doing odd end jobs.
He then went to University of Pennsylvania on a scholarship program and eventually moved to the West Coast.
At the time, the dot com boom was on. He used his coding skills to start a company called Zip2 – a primitive Google Maps meets Yelp. This was sold to Compaq for $307 Million.
Musk made $22 Million from the deal and used to start X.com which eventually became Paypal. eBay later acquired PayPal for $1.5 Billion giving Musk a gain of around $200 Million
Musk poured this money to form 3 companies-SpaceX, Tesla and Solar City (which was later sold to Tesla)
What I find striking about Musk is his vision and his determination to get his vision executed.
X.com was started to replace banks altogether.
SpaceX was born to fulfill Musk’s desire of making humans an “inter-planetary species”
Musk got involved with Tesla to ensure America forever gets rid of its addiction to oil and all the wars it does to protect the “oil economy”
The author does an excellent job chronicling Musk’s struggles and challenges as he formed and ran these companies.
The stories of each company is fascinating-the technological challenges, litigation, demanding Boards,office politics,media leaks, cash flow issues , customer pushbacks, govt regulations etc
The author writes in a very easy and gripping style which makes the book unputdownable.
After reading the book, one gets two feelings:
“What a Guy !”
“Only in America !”
Do buy this book to know how one guy is changing your future
Source: Eric Bellman
