World in Motion – blog sur les marchés actions internationales

Doing it by the book: our summer reading lists

We asked the Global Equities team what books they have been devouring this summer and, as ever, it’s an eclectic collection with something for everyone. How many have you read?

Neil Robson

Climb Your Mountain by Sir Ranulph Fiennes

 

A truly amazing character: thrown out of the SAS for using military explosives to blow up a dam created for the filming of Doctor Dolittle, Fiennes felt there was no other route for earning money than to be an explorer.

 

Beginning with a trip up the White Nile by hovercraft in 1969, but then with the Transglobe Expedition, his was the first – and still only – expedition to circumnavigate the world via both poles.

 

First to cross Antarctica on foot unsupported, he succeeded in climbing Everest on his third attempt at the age of 65!

 

Ever commercial with his tales, Climb Your Mountain features chapter titles such as Leadership, Ambition, Teamwork and Failure. He failed to make the South Pole solo in 1996 due to a kidney stone and the North Pole in 2000 due to severe frost bite.

 

Do not read this book for its business insights, but instead to wonder in awe at the character it takes to be a true explorer. The stories of Fiennes removing his frostbitten figures with a fretsaw and running seven marathons on seven continents in seven days – just months after a heart attack and coronary bypass – really cement the man as someone insane to us mere mortals living in the nine-to-five world.

Charlotte Burrows

Pachinko by Min Jin Lee

Pachinko is a Japanese arcade game, a cross between pinball and slot machines, that relies on both skill and luck to win – just like the unpredictable and uncontrollable game that is life, Min Jin Lee illustrates.

 

“Yeongdo, Korea 1911. In a small fishing village on the banks of the East Sea, a club-footed, cleft-lipped man marries a fifteen-year-old girl. The couple have one child, their beloved daughter Sunja. When Sunja falls pregnant by a married yakuza, the family face ruin. But then Isak, a Christian minister, offers her a chance of salvation: a new life in Japan as his wife.”

 

What follows is a rich work of historical fiction in which Min Jin Lee accompanies this family, and each of their searches for identity and success, across four generations. At the same time, she paints an enlightening portrait of the Korean-Japanese community in the 20th century, whose history has been largely overlooked.

 

If you want an immersive and beautiful read, this is for you. However, if a 560-pager isn’t your thing, I’ve heard great reviews about the Apple TV series adaptation that came out last year!

Alex Lee

Chip War by Chris Miller

Very relevant from the perspective of government interference in the semiconductor industry today, but also an enjoyable read about how the industry has developed over time and its importance.

Your Baby Week by Week by Caroline Fertleman and Simone Cave

One I’m re-reading at the moment – very useful for new (and repeat) parents.

Jamie Jenkins

Shackleton by Sir Ranulph Fiennes

“To write about Hell it helps if you have been there…”

 

Fiennes brings a rare perspective to the Antarctic polar exploration exploits of Sir Ernest Shackleton between 1902-1922, and his partnership and rivalry with Captain Robert Scott in trying to reach the South Pole. Ultimately, Amundsen pipped them both to that particular prize, but Fiennes is one of only a handful of people who has truly experienced the deprivations and exhaustion that Shackleton encountered; he acts as a brilliant guide.

 

The insanity of Shackleton’s ambition culminated in 1915 when his attempt to be the first to traverse the Antarctic was cut short as his ship, Endurance, became trapped in ice. He and his crew should all have died, instead Shackleton fought back: enduring sub-zero temperatures, randomly fracturing ice floes, a perilous lifeboat journey across monster seas to South Georgia, and a final extraordinary march over glaciers to seek help.

 

Fiennes attempts to get us inside the head of someone who was clearly madder than even he is, and how the earlier Discovery and Nimrod expeditions shaped Shackleton into the incredible figure he became.

 

I first bought this book last year, on the 100th anniversary of Shackleton’s death, but I was hesitant to start it as it looked like it could be an unrelaxing read. However, Shackleton is an almost mythical early 20th century character about whom I knew very little, so I’m glad I picked it up. If nothing else, it puts one heck of a perspective on whatever near-term challenges us nine-to-fivers may face from time to time! 

Pauline Grange

Stolen Focus by Johann Hari

I picked this book up as I’ve increasingly struggled – especially after Covid – to focus both on a personal and a professional level. Every person who has found the same should read this. 

 

Hari lays out multiple reasons for why the world at large is no longer able to focus or, as he puts it, “an attentional pathogenic culture” – an environment in which sustained and deep focus is extremely hard for all of us – has emerged.

 

Much of the blame falls at the feet of technology and social media, whose business models are rewarded for keeping us more engaged – and thus distracted from the real world – on their platforms. Meanwhile, the increasing use of artificial intelligence is particularly worrying. 

 

These platforms feed users more extreme content to keep them engaged and, in doing so, foment the extreme viewpoints that are dividing society. I’m sure, like me, that you pick up your phone to read a message and find half an hour later you’ve let yourself get distracted by social media and 24-hour news feeds. 

 

But it is not just our constant engagement with technology and failure to “live in the moment” that is to blame – generally, our modern lifestyles of being overworked and overstimulated are also contributing to our inability to focus. Most office workers never get an hour to themselves without being interrupted by meetings and emails; exhausted people cannot focus. This has severe consequences not just for society, but also for our environment.

 

One chapter raises a concerning point: our decreasing focus is happening at a time when we need it most.  This “stolen focus” is a key part of the reason for the world’s slow response to the current climate crisis – when attention breaks down, problem solving breaks down.

Digital platforms spreading erroneous climate claims have further hindered progress by dividing public opinion. And, without public pressure, policy action has been underwhelming. 

 

The book highlights the Ozone layer threat of the 1980s as an example of how effectively the planet once reacted to environmental emergencies. For those of you too young to remember, here is a refresh: in 1974 scientists published research that chemicals from everyday products like aerosols and refrigerators were destroying the Earth’s ozone layer and exposing the planet to more powerful UV rays. In 1985, scientists discovered a hole in the ozone layer over Antarctica, which proved that the problem was greater than originally predicted. The alarm raised by these scientists led to swift action to ban the dangerous chemicals that were responsible for its deterioration – chlorofluorocarbons or CFCs. By 1987, just two years after the hole was discovered, an international treaty was signed to cut the use of CFCs in half and in 1990 their use was banned altogether.  Today, CFCs are outlawed by 197 countries around the world, with the ozone layer slowly recovering as a result.

 

This book encouraged me to switch my phone off during the workday while minimising my acceptance of online meeting invites (on certain days) so that I can achieve a better “flow state” of concentration and creativity in the workplace.  At night I now move my phone to the other room with the result that I’ve broken my reading record of recent years – look out for the next book blog!

Scott Woods

Killers of the Flower Moon by David Grann

This was a book that had been on my reading list for a while but was hastened to the top of the deck by the realisation that Martin Scorsese’s film adaptation was on the way later this year; clearly, I wanted to get ahead of the ”what was better: the book or the film?” debate.

 

Killers of the Flower Moon follows the story of the Osage Indians in the 1920s. who were forcibly relocated by the US government from Kansas to Oklahoma and, as part of that resettlement – with uncanny foresight – negotiated mineral rights.

 

In the early 20th century, vast amounts of oil were discovered on their lands and the Osage became incredibly wealthy through their inherited head rights. What followed, however, were several unexplained disappearances and deaths within the Osage community in Pawhuska.

 

One of those rare books you struggle to put down.

21 août 2023
Share article
Listen on Stitcher badge
août 2023
Share article

Important Information

For use by professional clients and/or equivalent investor types in your jurisdiction (not to be used with or passed on to retail clients)

This document is intended for informational purposes only and should not be considered representative of any particular investment. This should not be considered an offer or solicitation to buy or sell any securities or other financial instruments, or to provide investment advice or services. Investing involves risk including the risk of loss of principal. Your capital is at risk. Market risk may affect a single issuer, sector of the economy, industry or the market as a whole. The value of investments is not guaranteed, and therefore an investor may not get back the amount invested. International investing involves certain risks and volatility due to potential political, economic or currency fluctuations and different financial and accounting standards. The securities included herein are for illustrative purposes only, subject to change and should not be construed as a recommendation to buy or sell. Securities discussed may or may not prove profitable. The views expressed are as of the date given, may change as market or other conditions change and may differ from views expressed by other Columbia Threadneedle Investments (Columbia Threadneedle) associates or affiliates. Actual investments or investment decisions made by Columbia Threadneedle and its affiliates, whether for its own account or on behalf of clients, may not necessarily reflect the views expressed. This information is not intended to provide investment advice and does not take into consideration individual investor circumstances. Investment decisions should always be made based on an investor’s specific financial needs, objectives, goals, time horizon and risk tolerance. Asset classes described may not be suitable for all investors. Past performance does not guarantee future results, and no forecast should be considered a guarantee either. Information and opinions provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. This document and its contents have not been reviewed by any regulatory authority.

In Australia: Issued by Threadneedle Investments Singapore (Pte.) Limited [“TIS”], ARBN 600 027 414. TIS is exempt from the requirement to hold an Australian financial services licence under the Corporations Act and relies on Class Order 03/1102 in marketing and providing financial services to Australian wholesale clients as defined in Section 761G of the Corporations Act 2001. TIS is regulated in Singapore (Registration number: 201101559W) by the Monetary Authority of Singapore under the Securities and Futures Act (Chapter 289), which differ from Australian laws.

In Singapore: Issued by Threadneedle Investments Singapore (Pte.) Limited, 3 Killiney Road, #07-07, Winsland House 1, Singapore 239519, which is regulated in Singapore by the Monetary Authority of Singapore under the Securities and Futures Act (Chapter 289). Registration number: 201101559W. This advertisement has not been reviewed by the Monetary Authority of Singapore.

In Hong Kong: Issued by Threadneedle Portfolio Services Hong Kong Limited ????????????. Unit 3004, Two Exchange Square, 8 Connaught Place, Hong Kong, which is licensed by the Securities and Futures Commission (“SFC”) to conduct Type 1 regulated activities (CE:AQA779). Registered in Hong Kong under the Companies Ordinance (Chapter 622), No. 1173058.

In Japan: Issued by Columbia Threadneedle Investments Japan Co., Ltd. Financial Instruments Business Operator, The Director-General of Kanto Local Finance Bureau (FIBO) No.3281, and a member of Japan Investment Advisers Association and Type II Financial Instruments Firms Association.

In UK Issued by Threadneedle Asset Management Limited. Registered in England and Wales, Registered No. 573204, Cannon Place, 78 Cannon Street, London EC4N 6AG, United Kingdom. Authorised and regulated in the UK by the Financial Conduct Authority.

In the EEA issued by Threadneedle Management Luxembourg S.A. Registered with the Registre de Commerce et des Societes (Luxembourg), Registered No. B 110242, 44, rue de la Vallée, L-2661 Luxembourg, Grand Duchy of Luxembourg.

In Switzerland issued by Threadneedle Portfolio Services AG, Registered address: Claridenstrasse 41, 8002 Zurich, Switzerland

This document is distributed by Columbia Threadneedle Investments (ME) Limited, which is regulated by the Dubai Financial Services Authority (DFSA). For Distributors: This document is intended to provide distributors’ with information about Group products and services and is not for further distribution. For Institutional Clients: The information in this document is not intended as financial advice and is only intended for persons with appropriate investment knowledge and who meet the regulatory criteria to be classified as a Professional Client or Market Counterparties and no other Person should act upon it.

 

Columbia Threadneedle Investments is the global brand name of the Columbia and Threadneedle group of companies.

Articles associés

6 novembre 2024

Scott Woods

Portfolio Manager

WD-40, the graveyard cabinet and a hunt for special smaller companies

I spend about nine weeks a year in a rental car looking for companies all over the world, discovering their products, operations and customers. Here's what I'm looking for.
17 octobre 2024

Neil Robson

Head of Global Equities

Power hungry AI - investment implications in the era of energy transition

Understanding the options for power provision and assessing the investment opportunities resulting from AI’s thirst for energy.
16 juillet 2024

On your bike - Shimano and cycling

From gearing up Tour de France contenders to a growing e-bike market, Shimano looks well placed.
Read time - 3 mins

Vous pourriez aussi aimer

Approche d’investissement

Le travail d’équipe est fondamental à notre processus d’investissement qui est structuré de manière à évaluer et mettre en pratique de solides idées d’investissement pour nos portefeuilles.

Fonds et VL

Columbia Threadneedle Investments dispose d’une gamme complète de fonds d’investissement répondant à un large éventail d’objectifs.

Approche d’investissement

Le travail d’équipe est fondamental à notre processus d’investissement qui est structuré de manière à évaluer et mettre en pratique de solides idées d’investissement pour nos portefeuilles.

Veuillez confirmer quelques détails vous concernant pour visiter votre centre de préférences

*Champs obligatoire

Une erreur s'est produite veuillez réessayer

Merci. Vous pouvez maintenant visiter votre centre de préférences pour choisir les informations que vous souhaitez recevoir par e-mail.

Pour afficher et contrôler les informations que vous recevez de notre part par e-mail, veuillez visiter votre centre de préférences.