No, you wont find any of those here. But here’s an interesting take on the PE phenomenon by Slate.
Whatever possessed me to go into private equity? I was so naive. I thought it was just about financial engineering. That certainly is the impression they give you in the media. But turns out that it’s actually about hard work! Who’d a thunk it? Here we are in the last week of summer, and everybody is in the Hamptons or in some villa in Tuscany. Everyone, that is, except for me, Private-Equity Man.
Studies by economists show that money is directly related to happiness until it leads people out of abject poverty. Beyond that point, the marginal utility of money (towards increasing happiness) keeps decreasing. The happiness level of someone making $1 million versus $5million is not too different. This however does not stop people from mistakenly viewing money as a source of happiness, and wasting their lives in it’s pursuit, but as Will Smith speculated in the film ‘The pursuit of happyness’, maybe the whole point of that phrase is that happiness is something to be pursued and never attained?
Recent books that I read:
1. Istanbul – Orhan Pamuk
2. My name is Red – Orhan Pamuk
3. The last Mughal – William Dalrymple
4. Snow – Orhan Pamuk
5. The art of the novel – Milan Kundera
6. The Sufis – Idries Shah
7. The argumentative indian – Amartya Sen
8. Identity and Violence – Amartya Sen
9. Ghalib – Life, letters and poems – Ralph Russel
10. Apology of a mathematician – Hardy
11. John Banville – The Sea
12. Maximum City – Suketu Mehta
13. Step across this line – Salman Rushdie
14. Collected Poems – Vikram Seth
Books in progress
1. What should i do with my life, Po Bronson
2. Aspects of the novel – EM Forster
3. John Banville – Eclipse
4. The Gita
5. A book on Buddhism