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Best Selling > Books > General AAS

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Average Rating:  out of 5 stars
Books : The Snowball: Warren Buffett and the Business of Life

The Snowball: Warren Buffett and the Business of Life


by: Alice Schroeder
September 29, 2008
Best Selling > Books > General AAS

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I recently re-read Roger Lowenstein's biography, Buffett: The Making of an American Capitalist (first published in 1995 and now re-issued with a new Afterword), and then read this more recent one by Alice Schroeder. Both are first-rate. Which to select if reading only one? That depends on how much you wish to know about Buffett's personal life, including his relations with various family members, and how curious you are about his personal hang-ups, peculiarities, eccentricities, fetishes, etc. If you can do without any of that, Roger Lowenstein's biography is the one to read. I also highly recommend the recently published Second Edition of The Essays of Warren Buffet: Lessons for Corporate America, with content selected, arranged, and ... Read More:

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Average Rating:  out of 5 stars
Books : The Black Swan: The Impact of the Highly Improbable

The Black Swan: The Impact of the Highly Improbable


by: Nassim Nicholas Taleb
February 28, 2008
Best Selling > Books > General AAS

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As a statistician, the book and its premise struck me as an interesting read, but it is clear after a few chapters that the book itself is meandering nowhere. What is worse is that the evidence is always second hand philosophy and the book is peppered with uninteresting self promotion. If your idea of a good read is to re-read Bertrand Russell or to move towards a footnote where the author feels it important to tell you he doesnt wear a tie in meetings then, please, feel free to lap this up and all the sixth form anarchy that it attempts to promote.

As for the statistics, it is amateur stuff. The Black Swan itself is an improbable event on which the author places far too much emphasis. It soon becomes confused and contradictory. ... Read More:

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Books : Who Runs Britain?: and Who's to Blame for the Economic Mess We're in: And Who's to Blame for the Economic Mess We're in

Who Runs Britain?: and Who's to Blame for the Economic Mess We're in: And Who's to Blame for the Economic Mess We're in


by: Robert Peston
October 30, 2008
Best Selling > Books > General AAS

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Ths book does give comprehensive information on the UK financial world but even as an informed "layman", much of the finer detail was too dense to be understood! And it already appears dated.

In view of continuing unravelling of global finance subsequent to this book being published, the long studies of the retailers Stuart Rose and Philip Green, and other erstwhile luminaries of the City, verge on the emollient, using too much tediously self-congratulatory quoting from the subjects, and not enough rigorous analysis by the author.
I am not sure the intention of this was to be such an indictement of early 21st century greed,vanity and disconnection with reality

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Books : Freakonomics: A Rogue Economist Explores the Hidden Side of Everything

Freakonomics: A Rogue Economist Explores the Hidden Side of Everything


by: Steven D. Levitt, Stephen J. Dubner
June 18, 2007
Best Selling > Books > General AAS

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This book is a general interest book- and it certainly is interesting. The book, for anyone looking for an entertaining read, will like it. In a nutshell, the book takes a look at all sorts of things in society, from crack gangs to parenting, and then attempts to make sense of them by applying econonmic principles. According to the book, economics is really the study of incentives, and so using this kind of angle, the book comes up with answers to why things work the way they do.

A book that's hard to put down, I'm sure many readers will enjoy it. Also recommend The Sixty-Second Motivator for a more simplistic explanation of what motivates people and gives them incentives to do what they do.

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Books : The Great Crash, 1929 (Penguin business)

The Great Crash, 1929 (Penguin business)


by: John Kenneth Galbraith
October 29, 1992
Best Selling > Books > General AAS

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John Kenneth Galbraith's classic study of the 1929 Wall Street crash is an exhilarating read. Galbraith combines a fluent, witty style with a detailed breakdown of the build up to disaster,

It is interesting to note how most of the experts - journalists, academics, businessmen, bankers and politicians didn't have a clue what was going to happen and thought that the good times would carry on rolling.

Gordon Brown anyone?

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Books : The Shock Doctrine: The Rise of Disaster Capitalism

The Shock Doctrine: The Rise of Disaster Capitalism


by: Naomi Klein
May 01, 2008
Best Selling > Books > General AAS

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Readable, passionate, but... if true, the latest financial crash would have seen another swift extension of market power. But does govt control or ownership of the banks, talk of aggressive new regulation or the 'end of capitalism' sound like capitalism making hay? Are we really seeing a retreat from govt or state activity in the face of recession?

On the contrary, this latest shock is widely described as a disaster for capitalism. The doctrine fails its first test. The former chairman of the Federal reserve - Alan Greenspan - talks about this shock as though it has fundamentally undermined the theoretical constructs of capitalism by showing the weakness of self interest. When the priests are becoming apostates, how can the shock be said to further ... Read More:

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Books : When Markets Collide: Investment Strategies for the Age of Global Economic Change

When Markets Collide: Investment Strategies for the Age of Global Economic Change


by: Mohamed El-Erian
July 01, 2008
Best Selling > Books > General AAS

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When Markets Collide: Investment Strategies for the Age of Global Economic Change
Mohamed El Erian has spent many years involved in the emerging markets and this book gives a very valuable insight into the impact that these markets are having on the financial landscape and how to capitalize on it.

In future the emerging markets will be much more important drivers of the world economy than the US, UK, Europe or Japan.

The book talks about the crisis caused by the undervaluation of risk combined with the under-assessment of the quantity of risk outstanding and the consequential fundamental changes taking place. The sheer complexity of the structure of financial products and the inability of the regulatory system to keep on top of these developments ... Read More:

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Books : The Bottom Billion: Why the Poorest Countries are Failing and What Can be Done About it: Why the Poorest Countries Are Failing and What Can Be Done About It

The Bottom Billion: Why the Poorest Countries are Failing and What Can be Done About it: Why the Poorest Countries Are Failing and What Can Be Done About It


by: Paul Collier
October 02, 2008
Best Selling > Books > General AAS

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I can't really weigh this book relative to others on the subject, because it's the first that I've read on this topic...

But what I wanted to add to the other reviews is that, if you're someone like me, who does not work/study economics or international development, I can recommend this book without hesitation. It's a fascinating read and it's accessible for any background of reader.

After reading you'll probably feel a sense of frustration at how much more could be done and how much of our current efforts may be misdirected. But this is an improvement on the sense of hopelessness I had prior to reading the book; that the truly poor nations will always be that way.

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Average Rating:  out of 5 stars
Books : "Dragons' Den": Success, from Pitch to Profit

"Dragons' Den": Success, from Pitch to Profit


by: Duncan Bannatyne, Deborah Meaden, Peter Jones, Richard Farleigh, Theo Paphitis, James Caan
June 02, 2008
Best Selling > Books > General AAS

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Not living in the UK, I actually hadn't seen the programme and the book was a christmas gift. It's an easy read telling some good stories - and let's face it, who doesn't like a good story? I found the dragons' backgrounds very interesting and some of their values very close to mine. Lots of ideas in there for the budding entrepreneur. Would I actually go on the show with my own ideas - I'm not so sure. Would I contact certain dragons with a solid business proposition - I hope so.
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Average Rating:  out of 5 stars
Books : Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets

Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets


by: Nassim Nicholas Taleb
May 03, 2007
Best Selling > Books > General AAS

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I would suggest that this book is NOT for someone who has a clear view of where they are going in life, and how they will get there. For in both the large and small events in life, there are unpredictable events. Nassim Taleb talks about how we handle those events, and more importantly, how we can use them in our favour. If you are one I recommend not to start the book, the reading may change your outlook. Permanently.

Taleb is a market trader, with experience of having survived several severe financial storms - `difficult trading conditions'. The book is peopled with real and composite characters from his trading life. Most are no longer working in the market, a result of having `blown up'. The essence of the volume is in the title, describing situations where an apparent underlying ... Read More:

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