Good to Great, which is sort of a prequel to Collins’s bestselling Built to Last, is a study of 11 established companies that suddenly broke out and outperformed the market in an unbelievable fashion. 11 comparison companies that remained stable in the same industry and environment are used in the study. Continue reading “Book Review: Good to Great”
A History of the United States in Five Crashes describes the 1907, 1929, 1987, 2008, and 2010 stock market crashes. Scott Nations’ thesis is that crashes tend to follow a pattern where some new financial construct causes investors to let their guard down. The false sense of security allows for a rapid market run, then some event triggers it to come crashing back down. The introduction of algorithms and computer-directed trading has also sped up this process and created new vulnerabilities in the market. Continue reading “Book Review: A History of the US in 5 Crashes”
The Young Entrepreneur’s Guide is an excellent resource for anyone thinking about starting a business or trying to improve their small business. Whether you are trying to expand your side hustle, invent a new product, or launch a start-up, Steve Mariotti covers everything you need to know. Continue reading “Book Review: The Young Entrepreneur’s Guide”
Israeli psychologists Daniel Kahneman and Amos Tversky spent hours and hours discussing theoretical concepts in psychology, developing an amazing working relationship that would completely change multiple fields in the social sciences. Continue reading “Book Review: The Undoing Project”
The End of Alchemy is the most comprehensive book on financial crises that has been published since the Great Recession. Mervyn King headed up the Bank of England during the 2008 Financial Crisis. However, unlike Timothy Geithner and Ben Bernanke, he doesn’t set out to defend his actions during the crisis or make excuses for questionable decisions. Instead, King criticizes the system that allowed the crisis to happen, allowed the crises before it, and will inevitably create future crises if it is not changed. Continue reading “Book Review: The End of Alchemy”
I recently listened to a great interview on Bloomberg’s Odd Lots podcast about how “The Way We Talk About Millennials Is Wrong.” Malcolm Harris, author of Kids These Days: Human Capital and the Making of Millennials, makes an important point about how the identity of the millennial generation is largely created by marketing experts who use overgeneralized ideas to help companies sell stuff to them. Continue reading “Millennial Stereotypes Are Sometimes Unavoidable… and Hilarious”
Barking Up the Wrong Tree draws on scientific studies and historical examples to answer 6 questions about success:
- Should we play it safe and do what we’re told if we want to succeed?
- Do nice guys finish last?
- Do quitters never win and winners never quit?
- Is it more important what you know or who you know?
- How important is believing in yourself?
- “Work, work work” or “work-life balance?”
The answers are not black and white. Eric Barker finds the most logical approach to each problem based on evidence on both sides of each argument. This book looks through all the hype that is out there in the self-improvement media and consolidates it into simple, practical pieces of advice that you can start using the day you read it. It is a very helpful resource for hard-working individuals who want to do everything it takes to be their best selves.