The Geometry of Wealth by Brian Portnoy – Book Review

Was I reading the right book?

When you have a “How to” in the title of your book, one expects that it is a more of a practical guide to whatever you are ‘HowTo’ing. And it is that expectation that led me to explore this book. The book is almost a year old but there only were a handful of reviews on Amazon. Also, 91% of them were 5-stars. But more of that later.

You will be sorely disappointed if you also expect this to be a self-help or an investing guide as its title unbashedly markets the book. This is more of a long-winded and tangential exploration of how wealth can affect happiness and human behaviour. I still gave the book a honest chance to understand the arguments the author was making.

The author starts off by dividing the book into three parts – each a logical step in planning and building wealth. Once this clear and useful definition is set up, the author goes on a detour. Somewhere in the woods for finding happiness, he takes us on a wild goose chase before coming back to the point he was earlier making. At one point in time, I had to go back to GoodReads to figure out whether I was reading the right book or whether there was a glitch in the Amazon system that got me the wrong book.

Leaning heavily on other behavioural finance references, notably Kahneman, the author explains how he melded works from different authors and derived his own understanding of the effect of money on happiness. As one of the other reviews of this book on goodreads says, any one who is remotely interested in behavioural psychology/finance would have read about Kahneman, Tversky or Thaler. Knowing that this book doesn’t bring any thing new to the table, it would indeed be redundant to read this, especially with the side quests that the author often participates in.

When the book takes almost half of the content to come to the point, I feel I would be doing the right thing in skimming the book instead of reading it thoroughly. And if you’re really interested in completing the book, that is what I would recommend. Otherwise, the psychology of building wealth can be better understood through other well known works.

Here’s my take on how happiness is linked with wealth. Yes, wealth can bring a certain level of happiness. But as is with any other thing in life, the marginal utility of wealth decreases as we have more and more of it. It should not be used as an end to itself, but as a means to achieving your true purpose in life, whatever you define that to be. Money may or may not directly give you happiness. But one thing I know for sure is that this book did not give me happiness at all. The proof of the geometry of wealth stays unsolved for me

When by Daniel H Pink – Book Review

Before I started this book, I had kept reminding myself, “Suspend your disbelief.” The reason I did this was that I have been very cynical of behavioural/psychological/anthropological books that spout studies selectively and creates an artificial narrative. Specifically an example is the spate of books that attribute certain behaviours of the modern human to that of his ancestors when they roamed the savannah. I’ve said it before as well that my brain does not process kindly such attributions. And in keeping with the times, this book too has this attribution somewhere in its pages (economic rationality is no match for a biological clock forged during a few million years of evolution).

“When” starts off quite well. The author structures the book into three parts – The Beginning, the Middle and the End. Each part deals with a specific time of any project/activity/task and it discusses how that particular part fits into the bigger picture. The author quotes multitudes of studies to bring home the point.

Mercifully the book is not too long and rambling. And that is where the good things about the book end. Although the author mentions in the introduction that this book can be used as a practical guide, by the time I reach the end, I’m left wondering for what. Other than a Malcolm Gladwellish analysis of social, mental and psychological phenomena, I didn’t finding anything much to take away from this book. To put it even more plainly I couldn’t discern the purpose of the book.

There are a few commonsensical tips scattered in the book. If you’re a morning person do your heavy work in the mornings. If you’re an owl, do it later in the day. Drink a glass of water as soon as you wake up to rehydrate yourself.

Interestingly the useful content of the book follows the much repeated peak, trough and recovery graph that the author introduces at the beginning. The chapter on Midpoints seemed much devoid of actual useful information mirroring the trough that people face somewhere during the midpoint of a project.

The author proposes many changes in the daily schedule for a person for him to take the maximum benefit of the “when” concept. However, a typical working professional is highly constrained by the office timings and rules for him to gain any significant benefit out of these. A twenty minutes mid-day nap? Good luck convincing your boss to implement this idea.

Some of the most supposedly most actionable parts were the Time Hacker’s Handbook chapters. I assume this was the practical steps part that the author talk about. But in the end, these seem like simple (and repeated) life hacks. The Zeigarnik effect has been discussed in much detail in other books that I have read. Atul Gawande has better explained the importance of checklists in his excellent book. Yes, the Seinfeld chain recommendation is well known to most familiar with the self-help genre.

Getting the timing right in any aspect of life is quite important, and quite difficult. If done right, any material on this can definitely help improve the quality of one’s life. But as far as this book goes, I would not recommend this book more than a quick and light read, compiling many of the experiments done earlier as well as a miscellaneous collection of productive tips.

Time isn’t the main thing. It’s the only thing.—MILES DAVIS

Thankfully this book didn’t take much of my time.

Atomic Habits by James Clear – Book Review

Sometimes, but rarely, in your book reading journey comes a book that impacts you so much, that you can’t wait to end the book just so that you can write a review of the book. At times the book is so brilliant that you want to praise it profusely, or sometimes it is so horribly bad that you want to get done with it and close the chapter forever, and leave a scathing review for wasting your time. This book, Atomic Habits by James Clear, is clearly one of the former.

Although this is by no means the first book written on the psychology or science of habits, I have a feeling that it will become a very important one in the future. I’ll come to why. But first let me talk about the first book that was actually written, or at least the first book that broke down habits, and how they can be made or unmade, widely known to the general public. It was the book The Power of Habit by Charles Duhigg. I have read that book a couple of years back and while it was a groundbreaking book, it didn’t do much for me. Somehow I felt I didn’t connect with the book. For some reason I felt that The Power of Habit belonged more in the Psychology/Reference section instead of Self-Help.

That is why I loved Atomic Habits. For someone looking to get an idea of why they have certain habits or how they can change their habits, this book would be a much more effective recommendation. Because it explains the science as well as sets out clear, concise and actionable steps to achieve the change that you’re looking for. The book had so many aahaa moments that I couldn’t stop recommending it to everyone around me. Frankly speaking, it took me my entire willpower to stop a stranger on the street and exhort him to read this book ASAP. Well maybe, that is what I am doing just now, not on the street but on the Internet!

From one of the author’s own interviews, this is what a reader had to say about the book. “[Atomic Habits] seems a LOT more practical and focused on guiding people on how to actually make changes. Power of Habit is more journalistic, though it does have the appendix at the back that talks about how to implement habit changes.”

According to the author, there are four laws that can be used to create good habits or to break bad ones. The book follows the same structure. It starts with talking about the importance of making small changes in your routine to improve yourself. There is a well repeated statistic on how a 1% improvement every day can bring compounded changes over a long period of time. It then introduces the habit feedback loop where each habit follows the cue -> craving -> response -> reward cycle.

Each law focuses on one of these four aspects. The crux of the book is that a habit can be changed by targeting one (or more) of these steps. The beauty of the book (and the feedback loop) is that this concept itself is complete. If you can understand this concept thoroughly, you’ve read enough of the book. You don’t need to read further. But of course I would still recommend you to completely read the book. Because it is that good. There are many sections that will resonate with you, especially if you have tried earlier to create habits and have struggled to follow through on them. The language used by the author is clear, practical, and not exceedingly anecdotal.

By the time I reached the 2nd law, I was ready to start habit stacking, temptation bundling and all the other cool-sounding (and effective) keywords that are used to describe a particular strategy. I feel sheepish to say that for the longest time that this book felt like a template self-help genre book that was high on fluff and low on content. This was my perception before having opened the book and even reading a single page of it. In fact I actively avoided reading it for as long as I could. But given the time of the year, when new year resolutions are being prepared, this felt like a suitable read. And boy am I glad I picked this book up. I’m pretty sure that by using the concepts in this book you can create resolutions that you can stick to till the end of the year, instead of seeing them evaporate by mid March.

I can’t wait to finish this book, and then go through all my highlights and notes to prepare a one pager. A cheat sheet if you will (Update: What do you know? There’s a cheat sheet already available at the end of the book!) This is a book that I will be rereading multiple times. Atomic HABITS is in my books, a clear winner and an addiction killer. Go read it before you create your new year resolutions for 2019.

Update: I did finish this book well in time for the new year and am ready to make my habit checklist. At the end of the book, there is a section that I found really strange. The author has given a few additional tips and techniques for people further wishing to explore the subject of effective habit creation. These tips, although useful and interesting, feel disjointed and feel out of place in this excellent book. Nevertheless you can choose to read it or ignore. Either way it won’t hurt you.

Star rating – 5/5
What next can you read – The Power of Habit by Charles Duhigg, Nudge by Richard Thaler.

The Laws of Human Nature – Book Review

I’ve enjoyed Robert Greene’s previous books immensely. The 48 Laws of Power was my introduction to the Machiavellian world of power and intrigue. Each page of the book was filled with useful ways to create an aura of power and become a more powerful social creature. His later book, Mastery focused more on an improvement of the self. In that book Greene explored the ways one can learn from the various Masters who have lived before us and have made a profound impact in various areas. And it was with this same interest and hope that I approached this book.

Just like his other books, this one is massive as well. Going for a never-ending 624 pages, it is by no means a quick read. And after reading through a few chapters, I realized that the book has fallen prey to the oft tried and tested trend in self-help literature. Anecdotes, anecdotes and more anecdotes. Mind you this is a safe method. That is why most self help literature heavily rely on this structure. But it is something that I greatly abhor. Yes successful stories do strengthen the conviction of a particular theory. But they also tend to suffer from confirmation and selection bias. It is almost as if Greene made a rough outline of the laws and then searched for examples that would fit these theories. Moreover it feels like that some of the anecdotes are greatly simplified or even modified to suit the narrative.

He might have done the same in his other books as well. But for some reason these anecdotes don’t work here. After a couple of chapters, I found myself skipping the anecdotes directly to the part where he explained a particular law.

Me, every five minutes

But by the time I reached the fifth law, I found it quite impossible to carry on. And hence I closed the book, abandoning it for good. I very much would have wanted to like this book and learn from it. But unfortunately the denseness of the material really put me off. The author has rambled on and on to fill up the book with feel-good stories and then propose a one-page full fount of self-help advice. I feel a better idea would be to go through the bibliography that the author has given at the end and instead peruse some of those works. That would be a more productive use of your time.