Tag / Books

by Eileen 配仪

Rothschild scale of wealth

I am reading the House of Rothshchild since December – picking it up and putting it down. It’s a boring dull record of all the monies they make and the varied deals and negotiations they had.

Two things struck me. One, it appears impossible to have a well run anyway without some conflict in the running of it. While the father and brothers had this super tight agreement not to split up the business – instead they created their own branches and cross held  shares, there is still conflict in the day to day deal making.

Their willingness to take on risk for the deal. Risk like smuggling, running capital flows during wars. They did not hunker down and avoided risk. They aggressively continued business, taking on larger and larger risk until they were, combined, bigger than any other banking houses. They were never shut down because countries at war were begging for the shipment of gold to fund wars and they were the only merchant banking house willing to do so.

This appears to be the same sort of basis why certain illegal busineses such as drugs growing, manufacturing and  trafficking remain hard to kill off.  (I’ve read elsewhere). Generals with huge resources were able to fund and provide armies for wars in their country. As a thanks, they were undisturbed in their businesses.

Rothschild “assisted” many countries. In addition to having  insider news from politicians, they were largely undisturbed in their deals. They had cultivated many political relationships with bribes. 

Look at their growth

1797: 9,900 GBP 

1807 : 50,600 GBP (10 years)

1810: 72,700 GBP (3 years)

1815: 336,000 GBP (5 years)

1818: 1,772,00 GBP (3 years)

By 1825, they hit GBP4.08m and 1844 it was GBP7.78m.

It made me wonder if the Boglehead theory of 2 or 3 fund for the simple minded investor was really a marketing tool. It was easy to sell and it meant Vanguard could set these funds up easily, earning a small mark up for their troubles (the smallest all the proponents will tell you).  Now with this huge fund invested in the market, globally with big amounts, now wouldn’t that make a guy feel a bit swell? He could influence the companies without owning anything at all. He has an army at his bidding and calling ready for world domination. What would the next step be?

by Eileen 配仪

Bill Nighy’s Ill-advised

There was an interesting comment he made about book storage in response to a question of someone who was drowning in books.

Bill Nighy said that he doesn’t hang on to books unless there there is a special reason to do so. He said that when he was younger he imagined he would love in a book lined home when he grew up. That was not the case.

I also imagined that I would love to have a home or a living room that is like a library. Now older and having owned a home, I don’t actually think I would enjoy it. I tend to need to go toilet urgently when I smell books. I can not last longer than 15mins in a book store without having to make a run for the loo. And the reason is because I love reading and I always read on the toilet.

The other reason is that I discovered I enjoy not having eye clutter. My home is not constantly clutter free. If possible, I would love to get rid of my belongings so that I don’t have clutter at all. I don’t even like storage that is full of things. I want it to be empty. The idea of have shelves weigh down and groaning with books is romantic but ultimately as a person having to do the chores, it’s an idea best left as a fantasy.

by Eileen 配仪

History

Describe an item you were incredibly attached to as a youth. What became of it?

I never thought I would stop loving Grahame Greene, honestly. He was my first real love. I had an earlier “boyfriend” John Irving. Irving was a middle school romance. I was attracted to how funny he was. I was smitten by his jokes and how absurd he makes everything seem. I hung around Irving’s friends like Kurt Vonnegut and Gunter Grass and pretended to laugh at their jokes and filled their beers when they cried. I never really did clicked with the three of them. Vonnegut I could never get – his jokes were not funny. Grass was sooooooo super cool. Always bringing his pets or toys around – a dog, cat, fish, drum. I loved being part of the cool crowd. At the height of my coolness, Grass introduced me to Thomas Mann. I felt so fancy when I met Mann. He was suave, cool, handsome, funny but never overly cerebrel as if one of those Oxbridge people who have the mythical combination of bright, smart, kind and funny. It was disappointing I wasn’t invited back after a few times. I suppose I wasn’t cool enough.

I was totally obsessed with Graham Greene. I have forgotten how we met. There was no big moment. No meet cute. Just a book store and random really there are so many others, you know. Definitely nothing in romance novels or “that it was fate that drew us together”. I didn’t think it would be a lengthy love affair and such an obsession. I even flirted Dostoevsky when we drifted apart. (So worldly wise and so trustworthy. Over the years, Dostoevsky and I became good friends. I cannot always understand what he says when he rambles on but when I need some sorting out, Dostoevsky answers my telephone calls. ) I also remember another in between guy Thomas Hardy. (So many Thomases!) I stuck to Hardy for quite a long while. But throughout this time, it was only Greene who filled my soul. I was drawn to his melancholy, his inner drama. Greene drove to the hilt my intellect and emotions. There was no drama, no shouting, no declarations of love. Just a quiet intensity of emotions. When he dropped me, I was devastated.

Margaret Atwood rallied around. We drank tea and talked about men. Later, I must have been introduced to Peter Carey by someone. He was brilliant – too brilliant. I called Dostoevsky and this time, it was a voice message. Over time, peace and calmness returned. I no longer think about Greene at all. I wonder at myself why the intensity then.

Lately I’ve met a mentor Hilary Mantel. She is so experienced being in the corridors of power. She terrifies me actually. Once you get into the boardroom, she knows your P/L and Balance Sheet, not only your secrets but the secrets of others and she knows how to use them. She is at the same time empathetic yet cunning. 100% scary. I can never have long sessions with her. I don’t tell her about Greene when I talk to her. She has already known and dismissed him.

(I gave away a full collection of Greene’s books a few years ago.)