Review of the Book | An Introduction to Avarice

In the world of finance and investment, "The Money Trap" by Alok Sama stands out as a compelling read for financially literate individuals. Published by Pan MacMillan India, this 293-page book offers a deep dive into the author's personal and professional growth, particularly his evolution as an investor.

The author, Alok Sama, recounts his journey, which began at St Stephen's, Delhi, and led him to join and eventually lead Softbank, a company set up by his mentor, Masayoshi Son. Through various deals, mostly involving technology for the future, Sama's growth is vividly portrayed. However, his departure from Softbank is also detailed, hinting at a complex narrative.

Sama's book sheds light on his relationship with Masayoshi Son, including his thoughts on Son's handling of the Chinese entity, Alibaba. A fundamental axiom of investment banking, as explained in the book, is that one should not get attached to any of their investments. Yet, Sama felt that this axiom was violated in the case of Alibaba.

The book also touches upon the theme of greed as motivation. Even after paychecks became much larger, Sama notes that greed took over when poverty ended. This theme is juxtaposed with the common complaint in the book of the feeling that the person next door made more money.

Sama's encounters with bits of Japanese culture, such as traditional Japanese meals served by Kato-san, Son's Man Friday, add a unique flavour to the book. Personal moments, such as the death of his favorite golfing companion, a golden retriever named Ellie, during a business trip to Tokyo, also find their place in the narrative.

The author's wife played a significant role in managing his globetrotting absences. Unfortunately, Sama's father's death is also mentioned in the book.

Three major characters emerge in the book: Masayoshi Son, Nikesh Arora, and Rajeev Misra. Rajeev Misra is portrayed as a potential antagonist. An example of a mistake Sama made is turning down a possible deal with Paytm's Vijay Shekhar Sharma, who later received a $10bn investment from Warren Buffett four years later.

While "The Money Trap" might be perceived as ho-hum by those without a significant financial background, despite being well-written, it is considered a great read and potentially educational for financially literate individuals. The book is priced at Rs 699/-.

In conclusion, "The Money Trap" offers a unique and insightful look into the world of finance and investment, making it a must-read for those interested in the subject.