BOOK ...Back to business
There's no such thing as too much knowledge. So, pick up these
seven books to help widen your business horizons
1 Reminiscences
of a Stock Operator by Edwin Lefèvre
First published in 1923, Reminiscences of a Stock Operator is a
fictional but highly accurate look at life on Wall Street in the early 20th
century. For decades, investors have remarked at how it has stood the test of
time, and former Federal Reserve chairman Alan Greenspan called it “a font of
investing wisdom“.
2 Thinking,
Fast and Slow by Daniel Kahneman
Kahneman won the 2002 Nobel Prize in Economics for his
foundational work in behavioral economics, the blending of psychology with
economics. His 2013 book is an accessible introduction to his ideas that
explore how humans do not always make rational decisions, and are driven by
biases and impulses. Nassim Taleb said it's as worldchanging as Adam Smith's
The Wealth of Nations and Sigmund Freud's The Interpretation of Dreams.
3 Good to Great
by Jim Collins
Collins Over the course of five years, Jim Collins and his research
team studied 28 elite corporations to determine what separated great from
merely good companies. The resulting management book is the opposite of
anecdotal fluff prevalent in the genre. And it's made an impact since it was
first published in 2001 -Hewlett Packard CEO Meg Whitman, Vodafone chairman
Gerard Kleisterlee, and EY senior part ner Mark Otty name it as a ma jor
influence.
4 Lords of
Finance by Liaquat Ahamed
First published while the world was living with the effects of
the last financial crisis, Lords of Finance argued that the heads of central
banks who met after the first World War had a larger impact on the Great
Depression than had previously been understood. Ahamed shows that a few people
can indeed have world-changing power, and that at this level human fallibility
can be devastating. The book won a Pulitzer Prize in 2010.
5 The Smartest
Guys in the Room by Bethany McLean and Peter Elkind
American energy company Enron was among the most highly praised
companies in the world in the late 1990s. Then, in late 2001, an intricate
conspiracy of fraud and insider trading at the very top of the company
unraveled, and the $63 billion company declared bankruptcy. Drawing upon
hundreds of interviews, McLean and Elkind give a definitive account of what
went down. Warren Buffett, not one to liberally praise business books, called
it “well-reported and well-written“.
6 Barbarians at
the Gate' by Bryan Burrough and John Helyar
Gate is a genre-defining book, proving that in the right hands,
a business story that may seem too complex or arcane to anyone outside of Wall
Street can become a gripping and relevant tale. Burrough and Helyar take
extensive reporting on the contentious $25 billion leveraged buyout of RJR
Nabisco in 1988 and make it read like an epic drama about limit less greed at
the expense of employees. It is considered the best business book ever written
by former GE CEO Jeff Immelt, The New York Times and CNBC reporter Andrew Ross
Sorkin , and Market Watch columnist Jon Friedman.
7 The
Innovator's Dilemma by Clayton M. Christensen
The Innovator's Dilemma is required reading for Silicon Valley,
and received praise from the late Apple CEO Steve Jobs. Christensen, a Harvard
Business School professor, explains that the more successful a company becomes,
the more difficult it is for it to innovate. Since it was first published in
1997, it has inspired countless entrepreneurs to disrupt industries, as well as
.avoid being disrupted once they achieve success
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