Tag: Book Review

Wealth: A Matter of Mindset Over Money

Image Source: https://bit.ly/2XDlSbT

Let me tell you the story of my grandmother! I spent my childhood with her. I have seen her saving one rupee each day which led to a huge savings later in her life. She did unbelievable things. She has a lot of patience. She believes in moving mountains even if she is old and sick. She never loses hope. She believes in the idea of compounding. Certainly she does not understand the economics behind compounding. I have seen her converting hundreds into lakhs bit by bit. You must be thinking why I am telling you this? Recently, I saw a post about a book called, “The Psychology of Money” on linkedin. This title made me curious and I decided to read this book. While I was reading this book, I realised that these wisdoms on wealth and happiness were always there in front of my eyes. We generally overlook it. The author of this book, Morgan Housel tells you those simple and obvious things about building wealth as Sherlock Holmes once said, ‘The world is full of obvious things which nobody by any chance ever observes’. It’s possible that we see these snippets in our daily life, but we never understood the significance of it.

Luck and risk

The book is divided into 20 chapters that takes the reader from one timeless lesson to another about building wealth. As per the author, past experiences impact one’s behaviour towards money. He believes that financial outcomes are driven by luck, independent of intelligence and effort. Luck and risk both play an important role in someone’s life. Outcomes are not only guided by individual’s efforts but also by the actions outside of our control. One of the best things to be said by the author is this: “Not all success is due to hard work and not all poverty is due to laziness” Therefore, he suggests to keep this thing in mind before judging people. Housel suggests to have the virtue of contentment and not to risk what you have. According to him, there are many things that you should never risk. For instance- reputation and freedom, family and friends and happiness are some invaluable things that no one should ever risk in their life.

Things are uncertain and many times not dependent on the historical factors. You should always be ready to face surprises in the financial market because no one clearly know what might happen next. You must always give space to room for error and be always ready to deal with unknowns. You should be ready to take risks but don’t take a risk that can wipe you from the world. Pessimism is so seductive and believable because setbacks happen too quickly to ignore. In comparison, progress happens too slowly to notice. Improvement is driven by compounding that always takes time. On similar lines, you should be ready to face losses in the financial market. Housel adds that true financial optimism is to expect things to be bad and be surprised when they are not. Nothing is free in life. Market returns are also never free. You should always be ready to lose some money and be ready to face the consequences. It’s like give and take. If market gives you some returns, it also takes some back.

Compounding is the key

The most important concept discussed in this book is “compounding”. Time is the most powerful force in investing.The duration of investment matters. It takes time to accumulate funds. It makes little things to grow big and big mistakes fade away. However, our minds are not build to comprehend the enormous power of compounding. As I told earlier, I have seen compounding working in my own life. Once my grandmother bought something worth ten lakh rupees when she was earning only 10 thousand rupees per month. It looked totally absurd to me and I tried to stop her for buying something so expensive when her income is so less. But she told she will slowly make this payment. Still, I couldn’t believe it. I didn’t believe till the date she was able to complete the whole payment. So compounding works in a way that our mind is not ready to sense it.

Survival Mentality

“Staying wealthy is more important than getting wealthy”, says the author. Keeping your money safe and using it rationally is more important than getting more money. Nothing should be taken for granted. Investing requires taking risks, being optimistic and putting yourself out there but keeping money requires humility, fear and most importantly frugality. The ability to survive plays an important role in becoming wealthy and in creating happiness. The author adds that sticking around for a long time should be the cornerstone of anyone’s strategy in life. Growth takes time. Be it about money or in career. And growth requires surviving all the unpredictable ups and downs that everyone inevitably experiences over time. Applying survival mindset means appreciating three things in life:

  • You need to have enough savings to survive any disruption, pandemic and chaos in your life.
  • Planning is important but the most important is to plan on the plan not going according to the plan.
  • You need to have sensible optimism.

Being in control of your life

The best wisdom shared in this book is about how money can give you freedom to control your time. As the author adds that the highest form of wealth is the ability to wake up every morning and say, “I can do whatever I want today” The ability to do what you want, when you want, with who you want, for as long as you want is priceless. It is the highest dividend money pays. Being in control of your life makes you happy.

Savings are linked not to your income but your humility

Creating wealth has no direct relationship with the income you earn, or investment returns you get. It depends on the saving rate. Saving the money you have and exercising frugality are the ways to build wealth. I have seen this habit not only in my grandmother but also in other family members. They don’t throw old clothes, boxes and many household stuffs and re-use many times. They don’t go out and spend money to experience things as the new generations wants to do. They have their own justification. However, saving money is the only way to build wealth. Spending money is also linked with your ego. If you desire less, you can save more. Housel has something interesting to say about increasing your savings. If you want to increase your savings, raise your humility than your income.

Saving money is the gap between your ego and your income & your income and wealth is what you don’t see.

Acquiring material things are for self-satisfaction. No one gets impressed because of someone else’s possessions. In fact, people are impressed when someone possesses the qualities of humility, kindness, and empathy. Do not take any financial decisions because you are influenced by someone. Do not buy things because you just wanted to show off to someone. It is total waste because people are influenced because of your good behavior and not because of your money, house and the kind of stuff you own. In fact, it literally means that your real wealth is what that no one sees it. The author believes that ‘the only way to be wealthy is to not spend the money that you do have. It’s not just the only way to accumulate wealth, it’s the very definition of wealth.

Creation of wealth is linked to the psychology and behavior of the person. Saving money is like developing a good habit as James Clear shows in his book Atomic Habits. You don’t need a specific reason to save. Savings without a specific goal give you leverage to deal with unpredictable situations. It gives you flexibility and control of your time. The author also adds that you need to focus on being reasonable than rational because ultimately you are a human being who has emotions and feelings. You need to cut down on your expense but it does not mean that you stop living.

People change so do their goals in life

People’s desire and goals change so it is difficult to make long-term plans. The surprising thing is that people themselves don’t realise that how much they have changed in the past and how much they are going to change in future. The author suggests keeping two things in mind whenever you are making a long-term decision. Firstly, you should avoid extreme ends of financial planning because people adapt to circumstances and the thrill of chasing dollars or living a simple life diminishes after a point. Secondly, you need to accept that things change and be ready to move on.The most beautiful thing author has to say that you must have the humility when things are going right and forgiveness & compassion when they go wrong. Because we never know what will happen and always be grateful for things that you have.

The crux of building wealth is to be humble, practice frugality and make saving your daily habit. Be a Ronald Read and not Richard Fuscone!

Tiny changes can make a big difference!

Image Source: https://medium.com/@aidanhornsby/notes-on-atomic-habits-c021e38eeae7

“If you can get 1% better each day for one year, you will end up 37 times better by the time you are done”

First let me tell you the story of this tiny plant. Last year during the lockdown, I was spending good time gardening, writing, and clicking pictures. I reused an old plastic bottle and filled it with some soil and planted a small stem of my favorite plant-pothos. I fastened it in my balcony grill. Every alternate day I was watering it. But after some days, I saw it drying. I got disappointed and stopped thinking about it. I also reduced the frequency of giving water. Days and months passed. One day on a weekend, I saw a tiny green stem inside the old plastic bottle. I couldn’t believe it. It felt like some extra grass grew. I went closer to the bottle and there was a sweet smile on my face. I finally knew that my plant survived. It survived: Because of everyday’s care & nurture that got accumulated for days. On similar lines, your good habits are like these tiny changes you make every day that leads to a bigger change later in your lives. (Scroll it down to see the beautiful plant as of today)

Reading this book makes you believe that small habits can make a big difference. And what is a habit? A habit is a behaviour that has been repeated enough times to become automatic. James Clear believes in incremental change. He feels that success is the product of daily habits-not-once-in-a-lifetime transformations. The interesting thing about this book is that it not only tells you how to create good habits but also how to break bad habits. He also warns the readers to be careful about the future trajectory as it will be dependent on their habits.

To me, this book feels like the combination of popular books Sapiens (A Brief History of Humankind) and Nudge(Improving Decision about Health, Wealth and Happiness) Like Sapiens, this book tells us that we have the brains of our ancestors but temptations they never had to face. We still crave calorie-dense foods because our brain’s reward centres have not changed for approximately 50 thousand years. Like Nudge, Clear argues that the environment matters more than motivation. As Richard H Thaler talks about the concept of “choice architecture” that shapes people’s behaviour, James Clear believes that ‘every habit is context dependent’. People often choose products not because of what they are, but because of where they are. Accordingly, we need to design our environment such that we pursue our good habits. For instance- if you want to hydrate yourself, you must keep the water bottlers near you. We have to create space for every habit. A stable environment where everything has a place and a purpose is an environment where habits can easily form.

Change can take years -before it happens all at once

Our daily habits(positive/negative) compound for us and lead to a bigger change. And the thing is that whenever we have breakthrough moments, we don’t realise the reason behind them. The author has talked of the concept of “plateau of latent potential”. This is that moment where we get breakthrough results, but the thing is that we human beings generally don’t have patience. We can’t wait. I can share from my own personal experience. When I started preparing for civil services, things seem insurmountable and I also felt for some time that I don’t know if I can do this. But I got results. I couldn’t even clear prelims in my first attempt. But in my subsequent attempts, I cleared prelims and mains both. And it does not mean that I didn’t work hard in my first year. My result was a cumulative effect of all years and not only of the present year when I cleared the examination.

Clear challenges the norm of setting goals if anyone wants to succeed. He adds: “If you want better results, then forget about setting goals. Focus on your system instead.”

There are three layers of behavior change:

  • Outcome-based habits: What you get
  • Process-based habits: What you do
  • Identity-based habits: What you believe

The ultimate form of intrinsic motivation is when a habit becomes part of your identity. The more pride you have in a particular aspect of your identity, the more motivated you will be to maintain the habits associated with it. True behavior change is identity change. It means that to make your habit permanent, you must make your habit part of your life and identity.

One of the best things Clear has to say that you need to unlearn and continuously edit your belief systems to upgrade your identity. And this cannot happen overnight. For instance- doing exercise is a good habit but to build a healthy body, you have to get out of your bed every single day at the same time. Go for a walk. Repeat this despite all odds.

As per Clear, there are four simple steps to build a better habit: Cue;Craving ; Response & Reward The cue gives you an indication about reward, craving makes you feel like getting that reward, the response is the actual habit you perform and rewards are the end goal of every habit. This whole process is also called a feedback loop.

The Habit formation Feedback Loop

Developing good habits or changing habits first and foremost requires you to understand what you are actually doing. The author tells us to create a list of our daily habits so that we can observe our thoughts and actions. We need to ask this question after making our daily list, does this habit help me become the type of person I wish to become? Below are the laws that we need to apply to cultivate good habits and eradicate bad habits.

The Laws of Habit Formation

Even our family, friends, and people we follow play an important role in shaping our behaviours. We pick up the habits from the people around us. As the author adds that ‘ we don’t choose our earliest habits, we imitate them’. We imitate the people we admire.The best strategy to develop a good habit is to surround yourself with the people who have the habits you want to have yourself. Sticking with good habits requires you to create short term rewards. As our brains still tempted towards instant gratification, we need to create a habit tracker. The author adds that habit tracker makes you believe that you are working towards becoming the type of person you wish to become.

In the end, the author talks about ‘the Goldilocks Rule’ that will help you to stay motivated in life and work. As per this rule, humans experience peak motivation when working on tasks that are right on the edge of their current abilities. Not too hard, Not too easy, Just Right. Reaching goldilocks zone makes you achieve the state of flow. Flow is something one achieves when they have immersed themselves in what they are doing. But doing the same thing or following the same habit can also bring some boredom. The biggest challenge for self-improvement is dealing with this boredom. “The only way to become excellent is to be endlessly fascinated by doing the same thing over & over. You have to fall in love with boredom”, adds the author. Mastery requires more practice than planning. Though habits are important,they are not enough. You need to have a combination of automatic habits and deliberate practice. And most importantly, you need to review and reflect on these habits to continuously fine tune them as one thinker has rightly said” a genius is not born, but is educated and trained”.

India Connected: Boon or Bane?

Pic Credit: Clicked by me

“The Internet is the first thing that humanity has built that humanity doesn’t understand, the largest experiment in anarchy that we have ever had”

Eric Schmidt, Former Google-CEO & Co-founder of Schmidt Futures

#Baba Ka Dhaba, #Justice for Sushant Singh Rajput #Justice for Rhea #Justice for George Floyd #Black Lives Matter #Dalit Lives Matter #Metoo are some of the recent most popular hashtags on social media leading to huge outpouring of sentiments from the public creating a immense impact in real lives sometimes positively and sometimes negatively. The power of smartphone and internet which made these hashtags popular is theme of this book.

This book “India Connected” by Ravi Agarwal celebrates the power of the internet and smartphone that is leading to unthinkable and unpredictable changes in people’s lives. The book is quite relevant at this time when India seems at the cusp of change. Especially during the Covid period when a smartphone with internet looks like the driving force behind everything. The smartphone is transforming Indian democracy in an unprecedented manner. As Ravi adds, “the influence of smartphones on the world’s largest democracy is pervasive and irreversible, disruptive, creative, unsettling and compelling.”

The author travelled to different cities of India and met with innovators, founders, teachers, common people, students, government officials and villagers who are an important part of this digital revolution. The book seems like a conversation between the author and these people. The author divided the book into three parts, and each part consists of two or three chapters. The first part is about the ‘opportunity’, the second part is about ‘society’ and the third part is about ‘the State’ vis a vis, their interplay with the digital revolution.

The book provided a balanced perspective on the smartphone revolution in the country. How the smartphone with the internet is bringing about substantive changes in the lives of people, providing opportunities for education and employment and also empowering the women in villages. How a smartphone is changing people’s thinking, and their dating patterns. How the young generation is getting addicted to their smartphones leading to anxiety, depression and other mental health issues. How smartphone has also made pornography easily available. How youth of the country is using it as an outlet for venting out their frustration through trolling, rumor and prejudice. In the end, the author writes about the role of the State with respect to internet and social media unfolding in the country.

For the author, the internet-enabled smartphone will mean the same for India as the automobile was for America. “The smartphone is the embodiment of the new Indian dream.” A Smartphone is changing Indian people’s lives in various ways in which they live, learn, love, work and play. The stories narrated in the book make it an interesting read and let you think how differently the smartphone is impacting the people of Indian society.

However, the author also talks about the challenges of the smartphone revolution in the country. Fake news, trolling, hate crimes, cyberbullying, mass piracy, etc. are creating huge challenges for the society. It also impacts the society negatively leading to crimes and polarization. Smartphone addiction is making teenagers depressed and anxious. Teenagers are suffering from ‘nomophobia’. As the author mentioned in the book, smartphone addiction can neurologically damage a young person’s brain in the same way as cocaine addiction. It seems smartphones are destroying the younger generation, but there are millions who will not have the access of these ‘magic devices’ because they don’t have resources and they are illiterate.

As the recent Netflix documentary, ‘The Social Dilemma’ revealed that the social media giants are manipulating our minds and we are engaging on these platforms as they want us to do. The recent social media circus around tragic death of Bollywood actor and subsequent media frenzy leading to arrest of his girlfriend reflects the negativity these social media sites bringing in the people. The author has shown how the consumption of pornography has increased exponentially in our society and how some people believe that it is leading to increase in rape cases.

The last chapters of the book show that how the State is acting as a big brother and shutting down internet. When internet started giving an outlet to Kashmiri people to show their outrage, State closed down the internet in the name of stopping unrest and terrorism. The book also talks about the fiasco of free basics and internet.org and how civil-society activism led TRAI to rule against it in 2016. Digital money has become an important part of the Indian economy through some homegrown startups and obviously the government of India’s ill-conceived moves of demonetization gave it a push.

I enjoyed reading the second and third part of the book. It’s really insightful and also scary to know how internet enabled smartphone is creating innumerable problems in the society but also if used properly leading to positive changes in the people’s lives. As the author tells “India Connected is a story about change and it is a story that has just begun and the next chapters of the story will depend on how these technologies are harnessed and regulated”, there is a need to create more awareness and sensitization among the youth about the problems emerging due to these technologies and also create mechanisms and regulations to deal with the same. The recent story of #BabakaDhaba is a great example where a smartphone & social media brought so much positivity and hope in someone’s life.

What matters in the End?

“Death is inevitable; Each moment is precious; Nothing matters in the End”

Recently, in a light conversation, I said, “We all are going to die” in the context of this dreaded pandemic. I could see the expression of people disliking that comment because no one wants to talk about death in our society. Death is seen as inauspicious. We all want to live in a fantasy and don’t want to think that we all have limited time. This thinking has repercussions not only on our health but also on our future. As the author says, “how we seek to spend our time may depend on how much time we perceive you will live forever.”

This book is actually about the experience of death and how the medical system has failed to understand what it means to deal with a finite life and make final years a joyful experience. Do we forget the inevitability of death and the fleeting nature of life? When we become old, we don’t want to talk about death, we talk about living.

The beauty of this book is that it has been written by a surgeon who is also a professor at Harvard Medical School. This book has his personal accounts of dealing with terminal patients and also the death of his own father. The author has shown how the medical system has failed to educate the medical professionals about aging, frailty, or dying. Gawande speaks about the failure of medical system in informing or educating a patient about his condition? There is need to understand how the whole process unfolds and how does it make an impact on people around them.

I remember even I didn’t understand the meaning of death, and what does death means to me till someone close died in my family. The problem with us as a society is that we teach everyone, not so important things – earn a lot of money, build a big house, clear all damn exams existing in the world by memorizing all formulas, cram an entire dictionary for that GRE examination and also prepare to go abroad and earn a shit loads of money. But no one teaches us how we should live our lives. What is the meaning of death? And especially, when we become old, we don’t know what we are fighting for. What are our priorities? What are the trade-offs we are willing to make? We don’t discuss what are our fears/hope for the future. What are we willing to sacrifice? What are we willing to lose?

How care of the elderly has changed from ‘multi-generational systems support’ provided by the family to institutionalized nursing homes in our times. Modern nursing homes act as prisons. Elderly don’t feel good in these homes. They feel restricted and chained in these nursing homes. Old people living here always felt the longing for being at home where they can have their privacy.

We are so engrossed in living this life that we forget to ask the question what’s the purpose of our lives? Did we ever ask this question to ourselves? What makes life worth living when we will become old and unable to care for ourselves? To answer this question, the author discusses psychologist Abraham Maslow‘s influential paper, “A Theory of Human Motivation” which is depicted in the form of a pyramid and talks about the hierarchy of needs of people. According to Maslow, ‘safety’ and ‘survival’ remain the primary and fundamental goals of our life even in our old age.

Maslow’s hierarchy of needs

People in old age focus on being rather than doing and they live in ‘the present than the future’. Old age generally functions at the peak of this pyramid and focuses on ‘self-actualization.’ “Living is a kind of skill. The calm and wisdom of old are achieved over time,” says the author. As per various experiments (discussed in this book by the author) conducted during some crises like the 9/11 attacks, the SARS epidemic 2003, etc., old and young both valued the bliss of life and focused on being rather than doing. This might be true for the current pandemic also. People these days from of all generation are slowly realizing the meaning of life.

This book also shows the results of experiments of assisted living done on various old people where they were given small freedoms in terms of taking care of plants, spending time with a cat, a dog or a bird, etc., helped them to live a longer life. The most important finding of the experiment was “having a reason to live” which reduced the death rate. Harvard Philosopher Josiah Royce in his book, “The Philosophy of Loyalty,” inform us that people seek a cause beyond themselves. That cause could be anything: it can be small or very big. ‘We all require devotion to something more than ourselves for our lives to be endurable.’

The only way death is not meaningless is to see yourself as part of something greater: a family, a community, a society. If you don’t, mortality is only a horror. But if you do, it is not.

Josiah Royce(The Philosophy of Loyalty)

The biggest problem in the medical sector is that they never focused on the well-being of the people, rather they focused on physical health. They concentrated on repair of body parts and not the nurturing of the human soul. Not only medical field but the society as a whole needs to understand this, as people grow old and become aware of their fleeting life, they are more interested in writing the story of their lives and believe in living in the moment.

Amid this pandemic, there is a need to remember our old traditions of the ‘art of dying’ and accept death and decline as normal and eternal truth. We must accept our lives of old age that will come along with sickness, frailty, isolation. Ultimately, we will need the support and care of others. We would rather spend last days of our lives with our family members than in ICU. In a nutshell, Gawande has said a lot of things about life and death and most importantly how medical science/field can correct the wrong committed till today not accepting the inevitability of old age and death in this book. Acceptance will lead to finding solutions that can make old people’s lives better and joyful in their last days.

Book Review of Capital

“An imbalance between rich and poor is the oldest and most fatal ailment of all republics”.

Plutarch
Migrants returning to their home walking hundreds of km due to lock down declared by the government due to corona virus crisis.

The present migrant crisis in India is a stark reminder of the economic inequities existing in our society. When rich and middle-class people are spending their time in the comfort of their homes doing various activities, poor and marginalized migrants are walking for a hundred thousand kilometres to reach their homes. Some also died on the way because of hunger and exhaustion. In this context, I thought to write a short review of the book, “The Capital” by Thomas Piketty. How income inequalities are going to hurt us in the longer-term unless some concrete steps are not taken by the State and its people.

I never read the whole book but managed to give a paper presentation on it in my final year of public policy course. Whatever critics say, this book has brought the issue of income inequality at the forefront. Income inequality is not only an issue based on some statistics but also it’s a moral issue that will always pinch the conscience of the people. This book became popular since it got published. Piketty also hailed as “the Modern Marx” by “The Economist” magazine. He is a French economist who also taught at MIT for two years. His major work is a compilation of historical data about economic inequality. He is critical of economics discipline.

“To put it bluntly, the discipline of economics has yet to get over its childish passion for mathematics and for purely theoretical and often highly ideological speculation at the expense of historical research and collaboration with the other social sciences.”

Thomas Piketty-The Capital in 21st Century

The core concern of the book is to put the issue of inequality in its broader historical context. The author’s main argument is that in an economy where the rate of return on capital outstrips the rate of growth, inherited wealth will always grow faster than earned wealth. He also adds that the concentration of wealth at one level is incompatible to democracy and social justice.

The history of the distribution of wealth has always been deeply political, and it cannot be reduced to purely economic mechanisms.

Thomas Piketty-The Capital in 21st Century

He rejects the Simon Kuznets hypothesis which says that though societies become more unequal in the first stages of industrialization, inequality reduces as they achieve maturity. However, Piketty does not think like that. According to him, demography, low taxation and weak labor organizations will fundamentally lead to greater inequality.

The author feels that unless we do something, ‘free-market economy’ will become a ‘patrimonial system’ with an entrenched hereditary upper class and the rest of the population. He is highly critical of higher compensation paid to senior executives of MNCs that is responsible for extreme inequality in the wake of 2008 financial crisis. To save the world from this ‘doomsday scenario’, the author proposes various measures namely a global tax on inherited wealth, changes in income taxes, use of inflation to redistribute wealth downwards and also enforced transparency of banks.

His paper -,“Indian income inequality, 1922-2014: From British Raj to Billionaire Raj”? co-authored with Lucas Chancel argues that income inequality was highest in India in 2014 since the creation of Indian Income -tax in 1922. They concluded that the top 1 percent earners in 2014 earned 22% of India’s national income. Though there are various counter- arguments to it. Jagdish Bhagwati & Arvind Pangariya refuted this argument in their book, ‘Why growth matters’. Swaminath Aiyar also disapproved of his idea of stark inequality in India in one of his articles on the grounds of statistics and his failure to distinguish between different kinds of inequality.

Thomas Piketty’s hypothesis criticized by many economists. According to them, his approach to economics is anti-mathematical. As per the paper, “Income Inequality, Catastrophe Predictions, Thomas Piketty, How income and economic unit are defined can create significant differences in the data produced and in the interpretation of the data? For instance, Stephen Rose and Thomas Piketty reached different conclusions about the status of the middle class based on the definition of income and economic unit. Generally, there is no correlation between increasing income inequality and general welfare. His use of tax records to approximate income is convenient and allows easy comparison across different countries and at different times and he also not considered the social security payments as part of his data.

Though income inequality is a complicated issue, Piketty’s biggest contribution is to elevate the income inequality issue to the forefront of both public and scholarly attention. Whatever is the reason behind stark inequality existing in society, the issue of inequality will always be debated as a moral issue.


Be fluid and follow your passion

Pic Credit:
http://www.ashishjaiswal.com/

Be formless, shapeless like water. When you put water into a cup, it becomes the cup. You put water into a bottle it becomes the bottle. You put it in a teapot it becomes the teapot. Now the water can flow or it can crash. Be water, my friend-

BRUCE LEE, The Lost Interview, 1971

This is the season of results. I am not talking about election results but the results of high school and intermediate students in the country. On one side marks of the students are skyrocketing touching 90 to 99 percent and on the other side, around 22 students of Telangana Board of Intermediate Education (TBIE) has committed suicide because they were failed or did not get expected marks due to some goof-ups in giving marks by the board. Recently, one Delhi woman’s Facebook post became viral as she was feeling proud when her son scored 60% marks in high school examination of CBSE board. Not only this, as per the recent ASER report 2018, 75% of the Std III students of the government schools across the country can not read and perform basic calculations. It shows the grim picture of the Indian education system. In fact, this is the key idea of this book written by Ashish Jaiswal, a scholar from the University of Oxford. He is a humble and down to earth human being.

The title of the book is so intriguing that I had not thought in my wildest dream that the author is going to discuss the education system of India. How the Indian education system is creating rote learners, unemployable and unskilled graduates? There is one more peculiarity how the so-called best education system provided by IIT-IIM and foreign degrees creating money minting machines. These people have no concern and responsibility for the “Lok Kalyan” means public welfare the term used by the author to answer the question- ‘what should be the ultimate purpose of our life’? The sad example of this rat race is suicide of Sarveshresthra Gupta, graduate from one of the Ivy League colleges. He ended his life due to stress and work pressure.

Why India despite being the oldest civilization in the world is still behind its counterparts at various fronts? Why no Indian university has achieved the feat of the best rankings in the world ? Why there is a massive “brain drain” from India to western countries? Why we are still talking about poverty elimination in our country even after seven decades of Independence? Why our education system are not able to produce more number of people like Amartya Sen, Rabindranath Tagore & E Sreedharan and producing mediocre engineers, doctors and social scientists. Why do we Indians still feel inferior to western people in culture, language and heritage of our country?  There might be a number of reasons behind these questions. But I am confident that the way Indian education system evolved over the years is one of the most important reasons which drags India behind. Why this is so?

This book tries to answers these questions. Being fluid means be more than what you are taught to be. As per the author, you become fluid specialist when you explore the universe in integrative form, learn from your surroundings and take the inter-disciplinary approach to create knowledge and wisdom. Anti-fluidity in terms of compartmentalization of the streams in different subjects taught in the school has made us unimaginative. We are told to choose our specialization after our high school exam when we are hardly aware of the world around us. Everyone hear this conversation. Choose science and mathematics and your life will be set. Go for engineering or medical or commerce, you will earn good money. Go abroad and earn in US dollars. Nobody tells us, “follow your passion and do something for the greater good”. Not only this, when you want to explore the world or you want to take a gap in your studies, this decision is looked down upon by the society in general and family in particular. The author mentioned about Rene Descartes, father of modern Western philosophy who once left his education for the sake of travel. He is the one who wrote- ‘I think, therefore I am’.

In fact, the author has shown how the whole theory of right-brain and left-brain is complete non-sense. The author quoted Neil deGrasse Tyson, american astrophysicist who completely rejected this theory saying that these fake divisions between science and art is taking our civilization away from true learning. Charles Percy Snow, British scientist and novelist in his book, ” The Two Cultures and the Scientific Revolution” highlighted the huge gap between those studying sciences and arts and concluded that lack of exposure to other academic circles led to hostile and distorted image of each other.The sheer categorization of subjects into STEM and non-STEM shows the stereotype mindset towards social sciences subjects.

This book tells us to be fluid in our approach towards the process of learning. Spontaneous learning is the most beautiful thing. It not only makes you a better person but also gives you various perspectives to understand the world. The author of the book mentioned many learned people like Charles Darwin, Aristotle, Leonardo Da Vinci, Goethe, Amartya Sen, C V Raman, Peter Geddes, Frank Lloyd Wright, Edwin Land, Steve Jobs, etc who did not follow a set path and explored the universe.They exposed themselves to diverse fields of education. The fluid approach which was depicted in the form of charkha(wheel) by the author appreciates the ‘integrative nature of the universe’. In the era of digital technology and artificial intelligence, when there will be more monotony and job losses, the people who are fluid in their approach will have more chances to survive because of their exploratory nature and never-ending desire to challenge the defined boundaries.

One of the most important findings of Jaiswal is that India should get credit for Da Vinci’s Vitruvian man. The undiscovered Hans Purush from Vishnudharmottaram Puranam mentioned by Rishi Markendeya was one of the perfect men discussed in the Purana. In fact, the author wants to stress the point that human knowledge is circulatory. The world has been benefited not by one single country or race but by the combined intelligence of all spread over the thousands of years. For instance- architectures around the world are the best example of combined intelligence and cultures of humanity. The best example mentioned by the author is our India Gate which not only incorporated western architectural influences but also the elements of Indian architecture in terms of the dome on the top and canopy structure in front. Indians should not feel inferior of their history, culture, language, etc because we have a lot more to offer to the world not only with respect to new knowledge but also we gave the idea of spiritualism and simplicity to the world.

This book is a culmination of out-of-the-box thinking. The author tried to challenge the stereotypes and boundaries built by society. He wants readers to be a learner who explores the universe, gets inspired by the surroundings and creates a melting pot of intelligence to work for the public welfare. Most importantly, as a public policy student, I always look for solutions keeping in mind that world is full of complex problems. I agree with the author that there are many issues plaguing the Indian education system but what are the solutions. How can we inspire everyone to be fluid in their approach?

Please find the author’s Comment on this review:

Dear Ritambhara, The review reads absolutely fantastic. It does summarises ‘fluid’ brilliantly. I also do understand the importance of your last line – the question. Our mind is an amazing construct. My learning journey has taught me that every dimension of knowledge for mind is locked inside a web just held together by a loose knot. A idea/thought/reflection/event/experience , if powerful enough, causes that knot to open. This is the beginning but most crucial step in acquiring any wisdom. Fluid is that first step in acquiring wisdom over multi-dimensionality. Once, you realise there is something like fluidity in specialisation , you will never go back to walking on a uni-dimensional path 🙂