Monday, January 20, 2014

Books - Fair and Fare

I thought a visit to the book fair will make me richer with my book collections, richer in knowledge with exposure to a variety of authors and topics, richer in enthusiasm with the added knowledge on the improvements over the year and the resulting opportunities. I had reasons to entertain these thoughts, as these have been happening since 1977 when I started visiting this annual event. But, the experiences seemed to be different this year for the Chennai Book Fair, 2013

In fact I started counting the chickens from way back in Oct'13, when the social networks opened up pages to dwell on book fair. I carefully chose a day and time when you are not likely to be hampered by the jostling crowd and they all fell into their places as planned. Being aware of the need to invest with prudence and also being reminded constantly by the books of previous years of fair visit, I had conservatively budgeted for the purchase of books. But, the book fair made me appear like a pauper.

The prices of almost all the books were sky high for a common man, except for few a handful of publications which kept them at moderate and affordable levels. Every book I touched bordered on a minimum of Rupees 200 and forced me to drop the book and the idea immediately. Even common Tamil fiction novels have been divided into multiple parts, each costing Rs 150 to 200 ! In my opinion, a normal reading enthusiast cannot but shell less than two thousand rupees, if he/she were to reasonably cover the ambitions carefully accumulated over a year !

It may appear that I am complaining though the books are in the range of Rs 200. But, my plight was I had planned and desired for many books and am sure am not alone in this! Work out the cost please.

There was a discussion in popular TV channel that the sales in book fair is falling and that not many are inclined to buy books. This is no surprise after this year's price range. I am well aware of or at least read about the increasing cost of making a book but despite all these, I am afraid, the anxiety of the visitors will fizzle out in the years to come, unless the publishers think completely different to tackle the issue.

For instance, a 150 page book hard bound and colored beautifully was priced at Rs 300, while a soft bound copy of the autobiography of Gandhi was priced at Rs 54/- !! Where is the need to have attractive hard bound editions which could obviously involve more costs? Perhaps they will be preferred by libraries for longevity but other than them, who will prefer or preserve such hard bound editions. These are the days, when people have little time to read, leave alone a second read and so the question of preserving should not cloud the pricing vision.

I saw D.H. Lawrence's Lady Chatterley's lover at Rs 200+, whereas an advertisement in Internet offers it for a legal download FREE of cost !! Can you still spot a buyer for such books?

Most of Sujatha's books have also been priced above Rs 200/- where eBook of the the same is being sold officially for USD 3 which roughly works to Rs 180/-. I leave the advantages or otherwise of the eBook version over the hard copy to the readers !!

Sadly, the publishers are not aware of the happening around or not gauging the pulse and needs of the readers properly. I also happened to read some interesting links on the social networking sites:

http://danariely.com/2012/11/03/how-to-stop-illegal-downloads/  - says that the author found 20000 copies of his book being downloaded illegally as soft copies within days of his releasing the book and the sad part is his not getting a single paise out of this.

Yes, every book is made available on the web in no time after its official release and readers download them for different interesting reasons. One had the cheek to say that he used to "download soft copies just to find out whether it is worth spending the money on the hard copy" !!

Whatever be the reason, it has come to stay and it is difficult to ward it off. Everyone is well aware of the plunge the film industry has taken after the electronic invasion and the industry is still grappling for possible solutions. While all these efforts are on, the DVD of the latest movie is sold openly on main road of every place for a paltry forty rupees. I for one would never like to be in the shoes of that poor producer and I wish some solution satisfying every one's need is arrived at early, which seems to be a wishful thinking as of now.

The good or bad news is that more and more are taking to soft copy versions for various reasons such as mobility, portability, share-ability and other similar (dis)abilities.

http://www.forbes.com/sites/jeremygreenfield/2014/01/16/more-americans-reading-ebooks-led-by-younger-and-wealthier/?utm_campaign=forbestwittersf&utm_source=twitter&utm_medium=social says more Americans have started resorting to reading ebooks ! Will the Indians lag behind?

So, what is the way out of this literary disaster waiting to happen? Its time for the stake holders to think differently and bring in some unimaginable but pleasant jolt to the readers. They have the unenviable task of satisfying the hard core book enthusiasts who will not be satisfied anything but a hard copy and those who would like to read somehow, but cannot afford this fancy price.

One idea will be to slash the price, say by 60%, and make it available only for the first two days. This will take care of the volume sales when people will hasten to beat the short deadline.

After it spends considerable time on the stands, bring the price to rock bottom and make the book available say for 20% of the original cost. I feel this is what is happening to the books like Gandhi's autobiography, which unfortunately is still looking for buyers at Rs 50 !!

Instead of the readers going in for illegal soft copies, the book makers can bring out their own version of eBooks - I guess they would soon be compelled to do this at least for the cash turnover.

Yesterday I happened to attend a lecture of a leading and respected cardiologist of Chennai. His book on taking care of your heart is very popular but unfortunately it was not easily available. At the end of the lecture, he announced that the eVersion of his book was available for Rs 100/- against the paper back price of Rs 180 and it is no wonder the DVDs too vanished in no time.

It does pay to move with the time. Authors and book publishers who will be focusing on bringing out books should entrust the market research and innovative methods to the identified professionals, so that you are not left behind, despite the release of a good book. I am reminded of the saying "Ships are safer in harbor but they are not built to be there". Modifying it a bit, "Books are supposed to be in the hands of book lovers and not in the publisher stands"

Unless some such drastic steps are taken to woe the book lovers, I am afraid, there will be foot falls at the book fairs but they will be more for window shopping. The ones who would do more business from such fairs will be the fringe players like parking licensees and food stalls. After all, there is still a joy in browsing through the books without buying it, as we used to do in the 70s, just to kill time.

I feel this book business is moving towards ICU and badly in need of emergency measures to resuscitate lest it will lose itself into a slumber accompanying Rip Van Winkle.



Thursday, January 16, 2014

Obsession and Possession

I was in my first year PG when on a visit to my friend's house, I was stunned to see his collection of audio cassettes. Through my return journey, I dreamt of owning one such collection and hearing any song I wished at any time.

Some years later, it was the CDs, DVDs and pen drives filled with MP3 songs and the collection ended up with thousands of songs , at the last count.

On a stroll during a overnight stay in Madurai I was excited to find a shop selling collection of old songs kindling years of memory which ended up with my baggage swelling up.

When I saw the soft copy version of my favorite author I was so excited and wished to possess all that he had written. A focused search in the web filled the available storage space to capacity not only of my favorite author but some others in other languages too.

Despite the huge collection I have, I was touched by a song sung on the television, which drove me to revisit my archive and unearth the same song there.

It was then that I realized that how little I use the collection, on which I spent so much time and effort in building !

A news item few days back ' Are Indians in the habit of accumulating more than they need.." kept this topic alive in me.

In our desire to have the best of everything, at times we indulge in getting everything on the subject be it books, electronic gadgets, dresses to name some. But many a times, we never use them fully as desired and dreamt. The very fact of their possession itself seem to have satiated the desire to have such a collection and there we seemed to have quenched that thirst.

Even on small matters such as travel, at the last minute I have the habit of stuffing in more - all for just in case of necessity.

I am very sure many of us will have a corner of the wardrobe containing a pack of clothes that are yet to be opened including pairs of Sox and Ties!

I now realize the wisdom of those who could use a meagre sum for self and contribute the rest of the salary for the national cause during pre-independence era. Their wisdom and foresight are the ones that make them a cut above the rest, as they could think beyond.

On the humorous side, I have heard of people who will read only that much, which is just enough to help them clear the exam. I really envy them !

On the subject and context, I am also reminded of these lines which never fail to appeal to me:

வீட்டைச் சுற்றி தோட்டம் போட்டேன்
தோட்டத்தைச் சுற்றி வேலி போட்டேன்
வேலியைச் சுற்றி காவல் போட்டேன்
காவலைப் பற்றிக் கவலைப் பட்டேன்

I only wish this is a timely reminder for me when I am planning to visit the Chennai Book Fair !

Wednesday, January 8, 2014

Are we being served?

Few days back there was a news report that "investment in gold" is no more worthy or lucrative? I was slightly shocked and read further only to be pushed into a deluge of market statistics and the vision of some of the pundits who predicted that it would be better to invest even in stocks and shares rather than gold.

On a deeper thinking and dwelling more on the subject, I realized that there are many facets to this argument. One needs to understand as to what is meant by 'Investment' which is being freely defined by everyone, as it suits them. Exactly, that is the point. The definition and term of the word 'investment' varies with every individual or more simply the 'investor' as per his likes, capacity and expectations. It would be unwise to simply follow the arm chair pundits' advice without analyzing as to how close your and his definitions of the word are.

For instance, a youth just stepping into the earning bracket would love to burn some money just for the heck of it - here, he/she may be willing to even lose in trying to understand 'Investment'. A middle aged, deeply into the family may like to make an 'investment' for using the returns towards his son's education or daughter's marriage down the years. One with some grown up children  may be setting his eyes on a return post his retirement which is round the corner!

When I wanted to buy a single bedroom flat in 1985 in a particular area of Chennai, people who 'knew' things advised me against it as my purchase price of Rs 275 per sq feet was way above the then rate of Rs 200/- and that the builder was trying to take me for  a ride. Similar advise poured in when i went for a 3000/- per sq ft flat in 2004 and both times, fortunately , the pundits were proved wrong. The 275/- per sq ft was sold at Rs 1500/- per sq ft 20 years later, ! The 3000 per sq ft purchase turned to be a tip of the iceberg in that had I left that deal I would have rued the decision for ever, as it soon climbed astronomically and now it is somewhere around 15000/- per sq feet - in a span of a decade. Leave alone the profit part of it, now it is not even within the purchasable limit - how can a monthly earner buy an apartment for Rs 1.5 crores !!!

When my friend was about to buy a plot of land in 1990 for a lakh, people looked down upon him. Egged on by our experiences , he went ahead and built a house there in 1998 which is now being asked for a price of over a crore.

In my own experience, I could use the bullion bought at prices varying from Rs 600/ per gram in early 1990s for my daughter's wedding when the prevailing rate hovered around 3000 per gram.

What does these imply? Am I being or have I been wiser ???

 No, the issue I am trying to underline is one must go by the need of the day or in the years to come. In my opinion, these vary from person to person and so no accurate economic prophesies could be closer enough for you  to dip your hand into that proverbial pot of  gold. Its worthwhile to define your own economic policies based on your need, your capacity and your strength to hold on to your investment.

In the light of the above experiences, I am of the considered opinion that generic market predictions and investment guidance are of no use unless tailored to your requirements and capabilities. With such a clear view in mind, one should be able to analyze and enjoy the predictions of these soothsayers but be weary of investing and indulging based on such  irrelevant advises. I only pity those who still believe could make millions in short time and risk even their retirement benefits into those high sounding  'mid-cap" and  'blue chip' investments and pray for them, neigh, their family.

I firmly believe that we have an economist in us and let us pay heed to that inner voice rather than for things written for ratings and other market inducing values.

Are we being served or mislead?