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THE PSYCHOLOGY OF MONEY - BOOK IMPRESSIONS

The Psychology of Money written by Morgan Housel is a short description of human behavior when it comes to money. It is a short book which has chapters that deals with different human behavioral topics and can also be read individually. The penultimate chapter provides a brief but accurate summary of all the chapters and also deals with the author's personal investing choices. The contents of the book look at the broad behavioral patterns and try to link it with the world of investment and finance. The book largely takes a case study approach and provides various real life examples when describing a particular situation. General topics like ‘Power of Time in Compounding’ and ‘Optimism and Pessimism’ are discussed along with nuanced topics like ‘Our thinking regarding other’s Wealth’. The author emphasizes the role of history affecting our decisions and how it is a very human trait to hold reasonable thinking over rational thinking when it comes to financial decisions. This book exp...

AN ESSAY - My Most Memorable Railway Journey

  Railways are the nation’s favorite long-distance commuter. It is very affordable and I have been traveling by train from time immemorial. Railways have always felt welcome. My most memorable journey was along a route I travel very often. The Anuppur-Ambikapur route has some really obscure railway stations of Chhattisgarh. I was travelling to my grandparents’ place. What made this journey memorable was its timing. We usually travelled at night. But this time, it was a day run. The journey was simply amazing. The route cuts through hilly areas. With numerous tunnels, bridges and a little brook here and there, the journey was a feast for my eyes. The stations and the people were a completely different story. Ever heard of a junction that doesn’t sell tickets, visit Boridand. Or a station that provides tickets on small yellow hard-paper cards, visit Nagpur Rd. The Chhattisgarhi people are quiet, but you feel the hidden energy in them when you approach a station. The language they s...

BOOK REVIEW - THIRD CLASS IN INDIAN RAILWAYS

  The book ‘Third Class in Indian Railways’ written by M.K Gandhi is a series of short monologues to the educated class of pre-independence India. Gandhiji understands the fact that without the support of the educated class the dream of swaraj can never be achieved. The highly structured step by step manner by which different situations are explained is deeply appreciated. The first chapter enlightens the addresses about the problem. Gandhiji gives an example of 3 rd class railway travelling to show the indifference English sahib’s have towards the general Indian public. The second chapter provides us with the breaking point of Indian unification. Gandhiji presents the importance of languages by giving various examples from around the world. The third and fourth chapters describe the process towards the goal. Gandhiji has carefully explained how absorbing the practices of Swadeshi and Ahimsa. One can achieve the ultimate goal. He also takes special care to address the misconce...