Discover more from Abhinav’s Newsletter
Hi,
Hope your Sunday has been pleasant so far. Today, I want to share an article and a book I enjoyed this week.
More Money than God, by Sebastian Mallaby
This book is an almost exhaustive summary of the hedge fund industry in the US. Starting from AW Jones in the 1960s, it takes us through the junk bond era, the 1987 crash, the Asian crisis, the tech bubble and most importantly, the 2008 crash. While it supports the hedge fund industry, it engages with some of the strongest criticisms against it and is the best way to get introduced to the industry.
I recommend this book for everyone interested in finance, the 2008 crash, how leverage works as steroids, and for an engagement with the heart of capitalist philosophy in action.
The Shudra Queen Rashmoni and a Sacred River, by Amitangshu Acharya
Today’s Hindu supplement carries a fascinating history of Rashmoni of Bengal, how she outwitted the British and secured fishing rights for Bengalis, and constructed a holy Hindu temple.
I don’t normally read history, but this article was so good that I am picking up her biography.
Hope you enjoy these two pieces. Looking forward to sending you the next edition.