The Reading Room

Cryptonomicon

Neal Stephenson

Published: 2000

As the old saying goes, never judge a book by its cover (especially if it is actually a book). On the face of it Cryptonomicon looks like a spontaneous airport purchase of a bog-standard trashy but fun thriller. The provenance of its recommendation suggested otherwise. The story was a favourite of the Paypal founding mafia as revealed in Peter Thiel’s book Zero to One (see my review here) and no doubt amongst the broader tech community during the height of the dotcom bubble when it was published.
Set across two timelines – World War II and the present day (late 1990s) there is plenty of thrilling action based on historic events as indicated by the explosion graphic on the cover. This action is however a backdrop to the more technically inclined protagonists who were called upon to make a difference during the conflict. The main characters rub shoulders with fictional representations of historical figures. For instance Lawrence Pritchard is an American mathematics prodigy who works alongside Alan Turing whilst General Macarthur, Herman Goring and Admiral Yamamoto feature amongst others. There are likeable and detestable characters on both the Axis and Allied sides alongside unlikely friendships such as Sgt Bobby Shaftoe of the US Marines and Goto Dengo a Lieutenant in the Imperial Japanese Army.
Science-fiction is often viewed as a precursor to science-fact and the modern timeline centres around Randy Pritchard (Lawrence’s grandson) and his efforts to set up a data haven in the Pacific as a necessary precursor to establish Government-free digital money or digital gold.
Within the story, the Cryptonomicon has nothing to do with currencies but is a compendium of how to decrypt enemy codes. Once the hard work is done, the book enlightens on the extraordinary lengths the Allies went to ensure that the Axis wasn’t aware that Enigma and Purple had been cracked.
The story is exceptional, moving, and in places very humorous. Stephenson uses the narrative to consider a confluence of subject matters ranging from history (for instance what may have the Nazis and Japanese done with all that gold?), mathematics, cultural traditions, the distinction between free markets and corporatism, strategy (the combination of guile and bravery to overcome raw aggression), and the intersection of technology and philosophy. The chapter on the merits of Athena relative to the broader ancient Greek mythological deity universe is particularly worth waiting for.
One can imagine that the main challenge with writing lengthy novels with multiple characters and interconnecting plots and subplots is avoiding anti-climax. The resolution of Cryptonomicon when both storylines ultimately collide is both satisfying and stimulating. Whilst it has proven difficult to write this review without revealing too much, I hope it has gotten across how excellent the book is. On can see why it appealed to the Paypal mafia amongst others who were no doubt not as quick to judge it by its cover like I was.

Amul Pandya
January 2021

The information contained above and in other entries in the Ocean Dial Book Review Series is intended for general information and entertainment purposes only, and should not be relied upon in making, or refraining from making, any investment decisions. No information provided herein should or can be taken to constitute any form of advice or recommendation as to the merits of any investment decision. You should take independent advice from a suitably qualified investment adviser before making any investment decisions.

Filterworld: How Algorithms Flattened Culture

Kyle Chayka

Published: 2024, Bonnier Books Ltd

From trendy restaurants to city grids,  algorithmic recommendations dictate our experiences and choices. Over the last decade, this network of mathematically determined decisions has taken over, almost unnoticed, as we’ve grown increasingly accustomed to our insipid new normal.

Read more

The Innovator’s Dilemma: When new technologies cause great firms to fail

Clayton M Christensen

Published: 1979, Harvard Business Review Press

Innovation expert Clayton Christensen explains why most companies miss out on new waves of innovation. No matter the industry, he says, a successful company with established products will get pushed aside unless managers know how and when to abandon traditional business practices.

Read more

The Unthinkable: Who Survives When Disaster Strikes – And Why

Amanda Ripley

Published: 2009, Harmony

In life, some of us will have to make split-second choices to save ourselves and our families. How will we react? What will it feel like? Will we be heroes or victims?

In her quest to answer these questions, award-winning journalist Amanda Ripley traces human responses to some of recent history’s epic disasters.

Read more

Disclaimer

IT IS IMPORTANT THAT YOU READ THE CONTENTS OF THIS NOTICE CAREFULLY BEFORE ACCESSING THIS WEBSITE. THIS NOTICE GOVERNS YOUR ACCESS TO AND USE OF THE WEBSITE. BY ACCESSING THE WEBSITE YOU AGREE TO ACCEPT THE TERMS OF THIS NOTICE AND THE FOLLOWING TERMS OF USE. IF YOU DO NOT AGREE TO ABIDE BY THESE, YOU MUST STOP USING THIS WEBSITE IMMEDIATELY.

This website is provided by Ocean Dial Asset Management Limited, whose Registered Office is at 30 Coleman Street, London EC2R 5Al and Registered Number 05583807. Ocean Dial Asset Management Limited is authorised and regulated by the Financial Conduct Authority (“the FCA”), with registered number 447424.

NOT FOR U.S. PERSONS
The information contained herein does not constitute a distribution, an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction in which such distribution or offer is not authorised. In particular, the information herein is not for distribution and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States of America or to or for the benefit of any U.S. Person as such term is defined under the United States Securities Act of 1933, as amended.

No investments or services mentioned on this website are directed at U.S. Persons who are not Professional Clients or Eligible Counterparties as defined by the UK Financial Conduct Authority (FCA) Handbook or Qualified Purchasers as defined under the Investment Company Act of 1940. The information contained herein does not constitute a distribution, an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction in which such distribution or offer is not authorised.

THIS WEBSITE IS ONLY MADE AVAILABLE TO PROFESSIONAL CLIENTS AND ELIGIBLE INVESTORS AND COUNTERPARTIES.

ODAM does not manage money for retail clients. Eligible investors only may access ODAM’s expertise through the funds or investment companies for which it acts as investment manager.

This website is not directed at you if Ocean Dial Asset Management Limited (“ODAM”) is prohibited by any law of any jurisdiction from making the information on this site available to you, and is not intended for any use which would be contrary to local law or regulation. This website and its contents are not intended to sell services or products over the Internet, rather for Internet viewer convenience and information purposes.

Information displayed in this website contains material that may be interpreted by the relevant authorities in the country from where you are viewing the website as investment advertising or an offer to purchase securities. Accordingly the information on this website is only intended to be viewed by the persons who fall outside the scope of any law that seeks to regulate investment advertising in the country of your residence or in the country in which the website is being viewed. Users of this website are therefore assumed to have the knowledge and experience in business and financial matters to enable them to evaluate the merits of, and risks of, investing in the investment funds referred to in this website. Persons of any other description should not enter this website nor rely on any of the information contained therein. If you are uncertain about your position under the laws of the country in which the website is being viewed then you should seek clarification by obtaining legal advice from a lawyer practising in the country of your residence or in the country in which the website is being viewed before completing this question.

Risk warnings

Investments may fall as well as rise and investors may lose a substantial portion or even all of their investment. Past performance is not necessarily a guide to future performance.

Investments denominated in foreign currencies can result in the risk of loss from currency movements as well as movements in the value, price or income derived from the investments themselves.

Investment in emerging markets involves risks which may not be typically associated with investing in more developed markets. Investment in small- and mid-cap stocks may also involve a higher degree of risk as these markets tend to be more volatile than their larger capitalisation counterparts.

Disclaimer

To the extent permitted by relevant law and regulation, ODAM expressly disclaims any and all liability which may derive from this website or any other information provided by ODAM in connection with this website, and any errors therein or omissions therefrom. The description of the investment management services and processes provided by ODAM in this website is written in general terms. The services and investment funds referred to in this website should not be regarded as an offer nor solicitation for such services or investment funds in any jurisdiction where such offer or solicitation is unlawful. The terms and conditions applicable to individual investors investing in investment funds managed by ODAM are set out in each relevant fund’s offering document. This website contains information designed only to provide background material for determining whether or not to consider investment. This website should be read in conjunction with the relevant offering document for each fund. All potential investors must carefully read the offering document which will contain significant additional information needed to evaluate investment in the fund and important disclosures regarding risks, fees and expenses. The offering document is the sole document upon which potential investors should rely. Recipients in any doubt about the content of this website should seek advice from an independent professional adviser.

This website is based upon information that is considered to be reliable but ODAM does not represent or warrant that it is accurate or complete, nor should it be relied upon as such. Views and opinions expressed within this website including comments on sectors or individual stocks or companies are those of ODAM and its Mumbai based affiliated company Ocean Dial Asset Management India Private Limited (a company incorporated in the Republic of India) as at the date of publication. Subsequent events may cause these views to change. The investment policies and procedures described are guidelines and not rules. Occasional deviation from the parameters given may result.

Use of links
The ODAM website may contain links to websites operated by other parties. ODAM does not control the content or accuracy of information on such websites and does not in any way confirm or endorse the material placed on such sites. The links are provided for your reference only.

Copyright
The copyright and all other rights in all of the material on this website are owned by the company listed on the web page or the material is included with the permission of the rights owner. You may review and copy material on this website for your own private or domestic use only. All other copying or use is prohibited.

Governing law
You agree that in the event of any dispute of any nature that may arise between you and ODAM, these terms and conditions shall be governed by and construed exclusively in accordance with the law of England and Wales and you agree to be subject to the exclusive jurisdiction of the courts of England and Wales.

Privacy policy
Any personal information that you supply ODAM via the website and other means will be held in accordance with the General Data Protection Regulation – please see our privacy notice for more details . If you would like to be removed from our database at any point, please email your request to enquiries@oceandial.com

Use of cookies
For the purposes of gathering data to measure traffic and patterns of usage on our website, we need to use your IP-address. In addition, for example, we use cookies to ascertain as to whether you have agreed to our disclaimer.
A cookie is a small file held on your PC. If you do not want to accept cookies, you will need to alter the setting on your internet browser. We will not use your IP-address or any cookie to identify you personally.