A prediction for tech adoption in Indian markets via Celent: Years ago, I read in John Naisbitt’s book that technology does not change as fast as you want / you predict. In fact things that we expect to happen always happen more slowly . The author shows a ton of examples to show how people were gung-ho about something but eventually it took years to pan out. In the case of HFT prediction too, I think the above time line is a overly optimistic estimate.

In most of the universities in India , statistics curriculum followed at undergraduate and graduate level, is completely outdated. The content taught, is relevant to times where there were: No computational capabilities - All computations had to be performed with paper and pencil. No graphing capabilities - Either All graphs had to be generated with pencil, paper, and a ruler. (And complicated graphs—such as those requiring prior transformations or calculations using the

This book by Michael Lewis delves in to the reasons behind the mysterious success of Oakland Athletics, one of the poorest teams in US baseball league . In a game where players are bought at unbelievable prices , where winning / losing is a matter of who’s got the bigger financial muscle, Oakland A’s go on to make a baseball history with rejected players and rookie players . “Is their winning streak a result of random luck OR Is there a secret behind their winning streak ?

[These books are written by the Father-Son duo of Irwin & Peter Schiff, albeit at various points in time. The first book titled, ”How an economy grows and Why it doesn’t ?” was written by Irwin A Schiff in 1979 and his son has followed it up in 2010 with the second book titled,” How an economy grows and Why it crashes?”. Both books give a chance to ponder over the situation that US is in, financial crisis of 2008 which is still on with full force in 2011.

This is a graphic novel explaining the growth of a general economy from its barebones structure to a full-fledged economic system. Through an allegory , the author shows the deep malaise in the functioning of US economy. It starts off with three men on an island Able, Baker and Charlie who merely catch fish,eat, sleep. There is no credit, no investments, no savings to begin with. Able gets a brainwave to make a fishing net that will save him some time to pursue other activities.