This book contains about 30 essays , meaning 30 ideas which can be read, ruminated and possibly applied in real life situations wherever they are applicable. Though the book is about finance, it draws considerable amount of research evidence from Biology, Math, Sociology,etc . At a 10,000 ft view , actually each discipline is nothing but an effort to understand the world using a set of constructs. I would term Finance as a soft science rather than hard science where the discipline needs to be understood from various eyes .

Today I had to leave work early to go to Bandra to pick up some stuff from NSE. I had to be at Bandra by 6PM and there was no way I could reach Bandra with in a short time other than taking up a fast train from Churchgate. I took a fast train and as the train moved , there were 2 youngsters , early 20’s I guess, who were standing next to me, infact literally falling on me as the compartment was jam packed.

It is amazing what you can accomplish if you do not care who gets the credit - Harry S Truman

It is almost 2 months since I read a book. Finally after the bhag daud in Mumbai , managed to find time to peacefully sit and read a book. Thanks to Sanjiv Sir’s awesome book collection, managed to get my hands on “SWAY”. The first time I came across a mention about this book was when a trader recounted his experience about a Variance swap trade and related his behavior to that explained in the book “SWAY”.

Many people around the world, after the subprime crisis more so , equate correlation with charlatanism. May be , but should that stop anyone from understanding data, not really. Knowing whatever metric about the unknown is much better than just having an intuitive feeling of things. Sometimes having a wrong map while exploring is OK, atleast it gives one confidence to venture and try things out. Taylor effect is one such aspect about correlation.