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BookReview

Book Review: Elon Musk

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

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Image

Buyer Beware in India

Source: Eric Bellman

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Links

Linkfest: June 23,2017

Some stuff I am reading today morning:

RCom faces an existential crisis (BT)

The brutal restructuring at Tata Motors (ET)

Pharma: Searching for the recovery room (Mint)

Video: Interview with Manish Chokhani (ETNow)

Azim Premji objects to Flipkart-Snapdeal merger (Bloomberg)

7 Things you should know about contrarian investing (Ravichand)

Stock Analysis: Nandan Denim Ltd (Dr. Vijay Malik)

The hard truth about investing (Ivanhoff)

How to invest in an overvalued market (CS)

Kenny G made more money from investing than music (IF)

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Excerpts

To Fortis: Shaadi…Aur Tumse…Abhi Nahin…

Hat Tip: Parag Dalvi

Announcement by IHH Healthcare Berhad in Bursa Malaysia (KL Stock Exchange)

Reference is made to the query from Bursa Malaysia Securities Berhad dated 22 June 2017 in relation to the article appearing in The Edge Financial Daily on 19 June 2017.

 

The Board of Directors of IHH Healthcare Berhad (“IHH”) wishes to inform that whilst IHH is constantly evaluating growth opportunities in select geographies in Asia including India, which is our fourth home market, IHH is not, nor is it close to, concluding any negotiations or due diligence or transactions in India at this point in time.

 

Should any transaction materialise, the Board will make the appropriate announcements in accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

 

This announcement is dated 22 June 2017.

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Cartoon

Cartoon: Motabhai’s Message

Hat Tip: Deepak Narayanan