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BookReview

Book Review: Stalin-Volume I – Paradoxes of Power

The Book ‘Stalin-Paradoxes of Power’ is written by Stephen Kotkin who is a Professor of History at Princeton.

This Book is the first of a multi-volume series on Stalin and covers the period between 1878-1928.

Why Stalin?

Its slightly more than 100 years since the Russian revolution took place and most Indians don’t know or don’t care about it.

Yet, this revolution changed the world for next 70 odd years and impacted the lives of Billions of people.

Stalin, more than anyone else, bent the arc of history and would literally hold the power of life and death over billions of people.To my mind, he is one of the most fascinating characters from history (the other one is Mao !)

The author is considered to be one of the greatest historians alive and the book is truly a master class  of how history ought to be written-explaining context,motives,people,events etc

The Book goes into very deep minutiae and is exhaustive with thousands of notes which for a history buff like me is pure gold.

The scale of events in this period cover World War  I, the Russian revolution, the Russian Civil Wars, the Russia-Japan war, the Russia-Poland war etc.It’ shocking how many people died due to war, riots , anti-Jewish pogroms, diseases, famines,mass executions etc

This also brings home to me how lucky we are currently to be living in a free and a peaceful (for most parts) India.

Also, it is so important to understand that politics matters, even for investors who don’t want anything to do with politics.

If Buffett was born in Russia instead of US in 1930, he probably would have died of hunger or hanged from the nearest lamp pole for being a “capitalist dog” or “petit bourgeoisie” or a “class enemy” !

I would strongly recommend this Book only if you are interested in Stalin or the Russian Revolution or a very serious history buff.Not meant for everyone.

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Excerpts IPO

Orissa Bengal Carrier: We will fight for 1000 Rs

Source: DRHP filings of Orissa Bengal Carrier Ltd

Categories
Excerpts IPO

Taylormade Renewables: Mind Boggling Assets

Source : DRHP of Taylormade Renewables  Ltd

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Links

Linkfest: March 21, 2018

Some stuff I am reading today morning:

Hindustan Aeronautics IPO : Flop Show (BS)

Mishra Dhatu Nigam IPO opens today (Quint)

Indigo,Qatar Airways to make a joint bid for Air India (FE)

Sector in Focus: Realty Stocks (ET)

Interview with Raghuram Rajan (CNBC)

When Mutual Fund CEOs get over-smart (Mint)

How Indian Insurance Companies are defrauding customers (Wire)

The one strategy that beats Wall Street (James Altucher)

How great story telling can blind us from reality (Of Dollars & Data)

Why are money managers paid so much? (Prag Cap)

 

Categories
Excerpts IPO

Lemon Tree Hotels: Employees Check Out Faster

Source: DRHP of Lemon Tree Hotels Ltd

Lemon Tree Hotels prides itself on its human resources strategy which has led it to getting numerous awards.

What is funny is that its own employees seem to be in a frightful hurry to leave the company !