June 28, 2021
Hope you are well. Today, I am recommending a book and an article.
When the Wolves Bite: Two Billionaires, One Company, and an Epic Wall Street Battle, by Scott Wapner
This tale condenses the clash of egos between Carl Icahn and Bill Ackman and their long battle over Herbalife. The 2 of them took opposing positions on Herbalife, a nutrition and lifestyle company. The book introduces activist investing (to the uninitiated, this is the opposite of what you would presume), how the rich really play and have fun with their trades, and what conviction does to two bitter men.
Keeladi, a hamlet outside Madurai in Tamil Nadu conjures nothing in our imagination. However, archaeological excavations here have been revolutionary, to say the least. Poised to become the next Mohenjadaro, the rural community’s contribution to archaeology, the inevitable politics of bringing in a government (or two, with the Union and State governments waging ‘civilizational’ battles), the article is a nice read to kickstart your curiosity and the week. Fifty Two, the Magazine running this story is something I have been to catch up on every weekend and have a wide variety of articles to offer.
Looking forward to writing to you tomorrow.