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Henry Bee (Burnaby, BC)
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Anil's Ghost
Anil's Ghost
by Michael Ondaatje
Edition: Paperback
Price: CDN$ 15.16
49 used & new from CDN$ 0.01

3 of 5 people found the following review helpful
5.0 out of 5 stars An Artist Writes History, Dec 9 2006
This review is from: Anil's Ghost (Paperback)
Michael Ondaatje's latest novel, Anil's Ghost, a post-modern investigative fiction about the land of Sri Lanka, is a showcase of the author's graceful yet powerful writing. Popularly known as the Pearl of the Indian Ocean, Sri Lanka is a nation that has been torn by a bloody civil war between the Sinhalese-dominated government and Tamil separatists. There is no room for peace. The estimated 20-year toll is 17,000 dead.

Anil, like Ondaatje, born a Sinhalese in Sri Lanka, represents the West's scientific but ultimately ignorant ways. The distanced and emotionally detached narrative voice thus makes sense, because the people of the West, having been raised up in a culture built on peace and stability can never fully understand the East, which has evolved deviously through endless trauma. The dominant male voice of the narrator perfectly speaks forth the author's repressed emotions with subtle ambiguity and leaves the reader feeling one has nothing to cry for and everything to cry about - perhaps this is how we are supposed to feel when death touches a part of our life, every day.

Even the most experienced readers can feel intimidated by the heterotopic plot if one does not read like an archaeologist; one must dig through the fragmented and layered subtexts to unearth a truth that is stagnant, rotten and good-for-nothing. It is only natural, then, that the novel ends not with truth, but with beauty. High above the fields, Ananda chisels and paints the eyes of the statuesque Buddha; he is able to see "all the fibres of natural history around him." "He could witness the smallest approach of a bird, every flick of its wind, or a hundred-mile storm coming down off the mountains near Gonagola and skirting to the plains. He could feel each current of wind, every lattice-like green shadow created by cloud." Nothing is more harmonious and elegant than the artistic resolution of violent human history through poetry. Anil's Ghost is an affair with the English language, commanded effortlessly by a master writer.

The Intelligent Investor: The Definitive Book on Value Investing
The Intelligent Investor: The Definitive Book on Value Investing
by Benjamin Graham
Edition: Paperback
Price: CDN$ 15.67
51 used & new from CDN$ 9.38

8 of 9 people found the following review helpful
5.0 out of 5 stars A Fresh Look at an Investment Classic, Jun 12 2006
When it comes to the subject of investment, one cannot speak about it without mentioning the household name, Warren Buffett. After all, this is a man who had made himself the second richest man in the world solely by investing money in companies. It is through learning more about Buffett that lead me to Benjamin Graham and his investment classic, The Intelligent Investor. In this 2003 updated edition, supplementary commentaries and footnotes were added throughout the book by Jason Zweig, a senior writer at Money magazine. This updated edition offers a fresh look at an investment classic, and convinces the reader that the book is still relevant 33 years after Graham’s last revision.

Let me begin then with an observation. Nowadays, just about everybody who has worked a day job knows about putting their money in the stock market. There are some who does it out of greed, some out of fear, but the vast majority does it just because everybody else is doing the same thing! It appears to me that only a tiny group of minorities are really making intelligent investment decision. What about the rest? They buy/sell when they feel like it. Emotion is their chief investment advisor, and they listen to it religiously. Is it any wonder that the financial market behaves the way it does? Good news, because one will learn from Graham that the sillier the market’s behavior, the greater the opportunity for the business-life investor.

Graham begins by laying out the foundational definition of investment versus speculation. “An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative." In the following chapters, Graham gives his reader unprecedented access to the stock market history and grants readers the wisdom that are used in developing portfolio policies in the body of the book. This book attempts to inject some transparency into the secret world of finance and he has succeeded abundantly.

The final and most important chapter of this book sums up the secret of sound investment into three words, MARGIN OF SAFETY. To quote, “The margin of safety is always dependent on the price paid. It will be large at one price, small at some higher price, nonexistent at some still higher price.”

The Intelligent Investor isn’t a book about analyzing companies, but one which really nails into the readers’ heads the proper investment principles and attitudes. Professor Graham’s academic writing style delivers his powerful idea in a simple and gentle way.

To summarize, in the added appendix of the book is an article called Superinvestors of Graham of Doddsville written by Buffett, “There seems to be some perverse human characteristic that likes to make easy things difficult… Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace, and those who read their Graham & Dodd will continue to prosper.”

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