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BookReview

Book Review: The Richest Man in Babylon

The Book ‘Richest Man in Babylon’ ,written by George S Clason, was first published around 90 years back in 1926.

The beginning of the Book goes like this:

“Money is the medium by which earthly success is measured.

Money makes possible the enjoyment of the best the earth affords.

Money is plentiful for those who understand the simple laws which govern its acquisition.

Money is governed today by the same laws which controlled it when prosperous men thronged the streets of Babylon six thousand years ago.”

Then the Book attempts to explains these laws in a story-like manner.

These “laws” per se are fairly basic: Earn more,spend less,save more (at least 10%), invest more, invest wisely etc

There is one chapter on the importance of working hard which I really liked.

One memorable line in the book is “I like to work and I like to do good work, for work is the best friend I’ve ever known.It has brought me all the good things I’ve had.”

Do Buy this Book only if interested in reading classics on Money.

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Links

Weekend Mega Linkfest: 06 July, 2018

Some off beat reads for the weekend:

‘Sanju’ can’t rewrite the evil 1993 plot (Sekhar Gupta)

The George Soros philosophy and its fatal flaw (Guardian)

Thread: Silicon Valley & the Soviet Union (Anton Troynikov)

The incredible Buddha Boy (GQ)

Spare me the good Hindu (Hartosh Singh Bal)

India’s Rihanna (BI)

Can Jawa beat Royal Enfield? (Team BHP)

Subramaniam Swamy’s No to Governorship (Gossip Guru)

Kings & Soldiers (Swarajya)

History: Sada Kaur (Dawn)

The strange life and death of Shoko Asahara (SCMP)

Quiche Quiche Hota Hai (J Mathrubootham)

Muslin-The finest ancient fabric (Madras Courier)

Homeward Diary (Outlook)

My late father Kushwant Singh (Mala Dayal)

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Observations

CLSA Cruelty to Adani

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AlphaIdeas

Alpha Ideas Crosses 20 Million Page Views

Alpha Ideas has crossed 20 Million Page Views.

Thank you, dear reader, for your continued patronage of this very simple blog.

Any suggestions to improve the blog is most appreciated and welcome.

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Links

Linkfest: 06 July, 2018

Some stuff I am reading today morning:

Mukesh Ambani’s plans to double the size of RIL (BS)

Iran threatens to shut down the Strait of Hormuz (CNBC)

What I learnt in my investing journey (Rakesh Jhunjhunwala)

Monsoon and it’s thoughts on investing (Safir Anand)

Property Review: Godrej Elements Hinjewadi (Ravi)

2018, the year real estate died (Mint)

Can Netflix beat Bollywood? (ET)

Red Bull in India (Forbes)

Immeasurably Important (Mogan Housel)

Vijay Kedia’s Song (You Tube)