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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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 ... Read More:
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The book demonstrates through a series of examples how nudges could influence your decisions on a series of varied subjects: driving, credit cards, organ donations, choice of school, marriage,... Many of those topics are well developed and explained. The style is pleasant and easy to read.
The authors define two keys notions: libertarian paternalism and the opposition between Econs and Humans. Libertarian paternalism covers the ideas that private and public institutions may affect behaviours while also respecting freedom of choice. The default option will be a form of paternalism while the choice will be the libertarian part. Econs are people who "think like Albert Einstein, store as much memory as IBM's Big Blue, and exercise the willpower ... Read More:
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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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Since reading this book I've bought it for other people, all who seem to be stuck in a rut, or unable to move themselves forward.
It's a very quick and easy read (read it in a couple of hours) but it presents a logic that seems just that ... logical.
If you're scared of change but don't want to continue along the path that you're currently on, this book offers a great perspective. Don't be afraid of what's around the corner ...
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"Good to Great: Why Some Companies Make the Leap... and Others Don't" by Jim Collins was a real eye opener for me.
In this book, Jim Collins, observes 28 companies over the span of 5 years. Over this period of time 11 of the companies make the leap from "Good to Great". The findings in this book were truly eye opening and inspirational. I loved the chapter on Level 5 leadership. Collins starts the chapter using a quote by Harry S. Truman "You can accomplish anything in life, provided that you do not mind who gets the credit". This is the essence of the book.
I also loved that in this book he speaks about how the executives that ignited the transformation for companies that went from good to great, did not figure out how to drive the bus, but how ... Read More:
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I think this is an OK but there are to many abbreviations of words and after reading half the book it becomes very dry and uninteresting.(paint drying moments)
I am sure this book would help you move up the google rankings, but from a programmers perspective I believe you can find all you want on googles website and related forums. Think I wasted my money here.
As someone keen to learn from entrepreneurs I didn't find this book useful; it is too brief and lacking in substance to be of any real use in that respect. I like Richard Branson and feel that he surely has much more insight to offer than is contained within this short book, so I will probably buy his full autobiography.
This book is one of those rare occurences when an academic manages to beautifully strike a popular chord in presenting his/her field of expertise. However, beyond that, this book will transform the transactional aspects of your life.
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