Tren Griffin
I work for Microsoft. Previously I was a partner at Eagle River, a private equity firm established by Craig McCaw. I am on the board of directors of Kymeta.
140+ Book Recommendations by Tren Griffin
Charlie Munger
Tren Griffin
2/ If you want a fully footnoted version of the Charlie Munger quotes, one source is the bibliography in my book. Assembling the original source of each Charlie Munger quote was a shit ton of work that was checked by an editor assigned by the publisher. https://t.co/w2GbCe0DTR
The Complete Short Stories of W. Somerset Maugham (2 Volumes)
W. Somerset Maugham
@buccocapital https://t.co/t0KIAdZDR4
Scale
Geoffrey West
@patrick_oshag Read this: https://t.co/ZsDXF8pZwV Then this: https://t.co/1wpZHT8rHh
Incerto
Nassim Nicholas Taleb
Holiday book gifts? 1. Influence by Robert Cialdini 2. Shoe Dog by Phil Knight 3. The Outsiders by William Thorndike. 4. Competitive Strategy by Michael Porter 5. The Misbehavior of Markets by Benoit Mandelbrot (harder) 6. Incerto by Nassim Taleb https://t.co/2sh5RmbNeb
The Messy Middle
Scott Belsky
@garrytan Scott Belsky's book: https://t.co/TXAsp2jILp
Charlie Munger
Tren Griffin
Charlie Munger: "Do you know what it would cost to replace a railroad today? We are not going to build another transcontinental." https://t.co/w2GbCe0DTR https://t.co/eDs2jhLAAt
The Richest Woman in America
Janet Wallach
@patrick_oshag https://t.co/PVJduMfja1 https://t.co/PVJduMfja1
The Innovative University: Changing the DNA of Higher Education from the Inside Out
Clayton M. Christensen
The Innovative University illustrates how higher education can respond to the forces of disruptive innovation , and offers a nuanced and hopeful analysis of where the traditional university and its traditions have come from and how it needs to change for the future. Through an examination of Harvard and BYU-Idaho as well as other stories of innovation in higher education, Clayton Christensen and Henry Eyring decipher how universities can find innovative, less costly ways of performing their uniquely valuable functions. Offers new ways forward to deal with curriculum, faculty issues, enrollment, retention, graduation rates, campus facility usage, and a host of other urgent issues in higher education Discusses a strategic model to ensure economic vitality at the traditional university Contains novel insights into the kind of change that is necessary to move institutions of higher education forward in innovative ways This book uncovers how the traditional university survives by breaking with tradition, but thrives by building on what it's done best.@pt @UW As an example, in his book Clayton Christensen explains that college is designed around four years to get a degree because at the time Harvard needed revenue from the extra year. The book has a number of solid prescriptions for lowering costs. https://t.co/dLtBYiFtj1
The Customer-Base Audit
Peter Fader
Peter Fader: "The customer-base audit is unashamedly descriptive. It’s all just there in the data without you having to go out there and work with other vendors or buy a bunch of reports. It’s pure gold." https://t.co/q8vYWLPJ1R
The Global Negotiator
Trenholme J. Griffin
With our book The Global Negotiator we decided to focus on telling personal stories. We aren't celebrities but some stories involve them. Our book is currently being sold in paperback for $78 but you can get a hardback for $$1.95. A free copy is best value.https://t.co/ZstCoqsuZi
Buffett
Roger Lowenstein
Chronicles Warren Buffett's childhood ambitions, Columbia Business School education, investment strategies, early investments, and affiliation with American Express, Berkshire Hathaway, and ABC.@Holmes1618 @FoolAllTheTime Biography: https://t.co/GOorzcO62e
Influence, New and Expanded
Robert B Cialdini
"In this highly acclaimed New York Times bestseller, Dr. Robert B. Cialdini-the seminal expert in the field of influence and persuasion-explains the psychology of why people say yes and how to apply these principles ethically in business and everyday situations"--@LibertyRPF @mattyglesias @CliffordAsness https://t.co/YpesdUxukL
Flywheels
Tom Alberg
Tom Alberg, a venture capitalist who was one of the first investors in Amazon, draws on his experience in Seattle's tech boom to offer a vision for how cities and businesses can build a brighter future together. He explores how cities can soar to prosperity by creating the conditions that encourage innovation.The birth of a commercial Internet in 1993, coincided with the start of what I call my "miracle year." Tom Alberg was on our board. In his book Tom tells the story of Jeff Bezos convincing him to invest in the Amazon seed round. It is a great story. https://t.co/gJtuaZXXWL
Valley of Genius
Adam Fisher
A candid, colorful, and comprehensive oral history that reveals the secrets of Silicon Valley -- from the origins of Apple and Atari to the present day clashes of Google and Facebook, and all the start-ups and disruptions that happened along the way. Rarely has one economy asserted itself as swiftly--and as aggressively--as the entity we now know as Silicon Valley. Built with a seemingly permanent culture of reinvention, Silicon Valley does not fight change; it embraces it, and now powers the American economy and global innovation. So how did this omnipotent and ever-morphing place come to be? It was not by planning. It was, like many an empire before it, part luck, part timing, and part ambition. And part pure, unbridled genius... Drawing on over two hundred in-depth interviews, VALLEY OF GENIUS takes readers from the dawn of the personal computer and the internet, through the heyday of the web, up to the very moment when our current technological reality was invented. The book interweaves stories of invention and betrayal, overnight success and underground exploits, to tell the story of Silicon Valley like it has never been told before. These are the stories that Valley insiders tell each other: the tall tales that are all, improbably, true.@InnocenceCapit1 @nachkari In the book "Valley of Genius," my friend Mike Slade tells a story about the last meeting between Bill Gates and Steve Jobs in that house. Bill flew down to see Steve when his illness was very advanced.
Charlie Munger
Tren Griffin
Sales of my Charlie Munger book at the annual meeting are outstanding. This year they sold out of my book. My share of profits goes to charities I support. https://t.co/DsWm5Opxks https://t.co/ko0grRoLGF https://t.co/3benDWhVbp
Ah Mo
Arthur Griffin
These never before published native legends from the Pacific Northwest were collected by Judge Arthur Griffin and have been passed down through the generations in the Griffin Family since 1884.@LibertyRPF My children's book is below. These stories were read to me when I was eight years old. And to my father when he was that age. Collected originally by my great grandfather. https://t.co/XvlsNuMlGV
Liftoff
Eric Berger
The dramatic inside story of the first four historic flights that launched SpaceX--and Elon Musk--from a shaky startup into the world's leading edge rocket company. In 2006, SpaceX--a brand-new venture with fewer than 200 employees--rolled its first, single-engine rocket onto a launch pad at Kwajalein Atoll. After a groundbreaking launch from the middle of the Pacific Ocean, the Falcon 1 rocket designed by Elon Musk's engineers rose in the air for approximately thirty seconds. Then, its engine flamed out, and the rocket crashed back into the ocean. In 2007, SpaceX undertook a second launch. This time, the rocket rose far into space, but just before reaching orbit it spun out of control. Confident of success in 2008, Musk and his team launched their third rocket with several paying customers. The first stage executed perfectly, but instead of falling away, it thudded into the second stage. Another failure. Elon Musk had only budgeted for three attempts when he founded SpaceX. Out of money and with a single Falcon 1 rocket left in its factory, SpaceX decided to try one last, dramatic launch. Over eight weeks, engineers worked furiously to prepare this final rocket. The fate of Musk's venture mirrored the trajectory of this slender, single-engine rocket aimed toward the skies. If it crashed and burned, so would SpaceX. In September 2008, SpaceX's last chance for success lifted off . . . and accelerated like a dream, soaring into orbit flawlessly. That success would launch a miraculous decade for the company, in which SpaceX grew from building a single-engine rocket to one with a staggering 27 engines; created two different spacecraft, and mastered reusable-rocket descents using mobile drone ships on the open seas. It marked a level of production and achievement that has not been seen since the space race of the 1960s. But these achievements would not have been possible without SpaceX's first four flight tests. Drawing on unparalleled access and exclusive interviews with dozens of former and current employees--engineers, designers, mechanics, and executives, including Elon Musk--Eric Berger tells the complete story of this foundational generation that transformed SpaceX into the world's leading space company. Liftoff includes more than a dozen photographs.@amlewis4 @vc Without the Falcon 9, which is dual use, the US would be missing critical capacity and paying vastly more per kilogram. Falcon 9 is launched ~ every four days. SLS has launched never. Not even once.https://t.co/cKfbr9Cusk
Les Schwab Pride in Performance
Les Schwab
@pmarca "If you want to read one book that will demonstrate really shrewd compensation systems in a whole chain of small businesses, read the autobiography of Les Schwab, who has a bunch of tire shops all over the Northwest." Charlie Munger, Berkshire AGM 2004 https://t.co/aiay1TLgfS
How to Prevent the Next Pandemic
Bill Gates
Do autor do best-seller nº 1 do New York Times Como Evitar um Desastre Climático, BILL GATES: A pandemia do COVID-19 não acabou, mas mesmo que os governos de todo o mundo se esforcem para deixar isso para trás, eles também estão começando a falar sobre o que acontece a seguir. Como podemos evitar que uma nova pandemia mate milhões de pessoas e destrua a economia global? Podemos ao menos esperar conseguir isso? BILL GATES acredita que a resposta é sim, e neste livro ele expõe de forma clara e convincente o que o mundo deveria ter aprendido com o COVID-19 e o que todos nós podemos fazer para evitar outro desastre como esse. Baseando-se no conhecimento compartilhado dos maiores especialistas do mundo e em sua própria experiência no combate a doenças fatais por meio da Fundação Gates, ele primeiro nos ajuda a entender a ciência das doenças infecciosas. Em seguida, ele nos mostra como as nações do mundo, trabalhando em conjunto e com o setor privado, podem não apenas evitar outra catástrofe semelhante à COVID, mas também eliminar todas as doenças respiratórias, incluindo a gripe.This new book just arrived signed by the author. FedEx delivers. The book drops May 3. https://t.co/AjD6xfQDJf https://t.co/KdM0tpp0gZ
Shoe Dog
Phil Knight
In this instant and tenacious New York Times bestseller, Nike founder and board chairman Phil Knight “offers a rare and revealing look at the notoriously media-shy man behind the swoosh” (Booklist, starred review), illuminating his company’s early days as an intrepid start-up and its evolution into one of the world’s most iconic, game-changing, and profitable brands. Bill Gates named Shoe Dog one of his five favorite books of 2016 and called it “an amazing tale, a refreshingly honest reminder of what the path to business success really looks like. It’s a messy, perilous, and chaotic journey, riddled with mistakes, endless struggles, and sacrifice. Phil Knight opens up in ways few CEOs are willing to do.” Fresh out of business school, Phil Knight borrowed fifty dollars from his father and launched a company with one simple mission: import high-quality, low-cost running shoes from Japan. Selling the shoes from the trunk of his car in 1963, Knight grossed eight thousand dollars that first year. Today, Nike’s annual sales top $30 billion. In this age of start-ups, Knight’s Nike is the gold standard, and its swoosh is one of the few icons instantly recognized in every corner of the world. But Knight, the man behind the swoosh, has always been a mystery. In Shoe Dog, he tells his story at last. At twenty-four, Knight decides that rather than work for a big corporation, he will create something all his own, new, dynamic, different. He details the many risks he encountered, the crushing setbacks, the ruthless competitors and hostile bankers—as well as his many thrilling triumphs. Above all, he recalls the relationships that formed the heart and soul of Nike, with his former track coach, the irascible and charismatic Bill Bowerman, and with his first employees, a ragtag group of misfits and savants who quickly became a band of swoosh-crazed brothers. Together, harnessing the electrifying power of a bold vision and a shared belief in the transformative power of sports, they created a brand—and a culture—that changed everything.@marketplunger1 Phil Knight https://t.co/DJ9Gh1iMQR
Les Schwab Pride in Performance
Les Schwab
@marketplunger1 Recommend by Buffett and Munger. https://t.co/aiay1TLgfS
The Power Law
Sebastian Mallaby
"A rare and unsettling look inside a subculture of unparalleled influence.” —Jane Mayer "A classic...A book of exceptional reporting, analysis and storytelling.” —Charles Duhigg From the New York Times bestselling author of More Money Than God comes the astonishingly frank and intimate story of Silicon Valley’s dominant venture-capital firms—and how their strategies and fates have shaped the path of innovation and the global economy Innovations rarely come from “experts.” Elon Musk was not an “electric car person” before he started Tesla. When it comes to improbable innovations, a legendary tech VC told Sebastian Mallaby, the future cannot be predicted, it can only be discovered. It is the nature of the venture-capital game that most attempts at discovery fail, but a very few succeed at such a scale that they more than make up for everything else. That extreme ratio of success and failure is the power law that drives the VC business, all of Silicon Valley, the wider tech sector, and, by extension, the world. In The Power Law, Sebastian Mallaby has parlayed unprecedented access to the most celebrated venture capitalists of all time—the key figures at Sequoia, Kleiner Perkins, Accel, Benchmark, and Andreessen Horowitz, as well as Chinese partnerships such as Qiming and Capital Today—into a riveting blend of storytelling and analysis that unfurls the history of tech incubation, in the Valley and ultimately worldwide. We learn the unvarnished truth, often for the first time, about some of the most iconic triumphs and infamous disasters in Valley history, from the comedy of errors at the birth of Apple to the avalanche of venture money that fostered hubris at WeWork and Uber. VCs’ relentless search for grand slams brews an obsession with the ideal of the lone entrepreneur-genius, and companies seen as potential “unicorns” are given intoxicating amounts of power, with sometimes disastrous results. On a more systemic level, the need to make outsized bets on unproven talent reinforces bias, with women and minorities still represented at woefully low levels. This does not just have social justice implications: as Mallaby relates, China’s homegrown VC sector, having learned at the Valley’s feet, is exploding and now has more women VC luminaries than America has ever had. Still, Silicon Valley VC remains the top incubator of business innovation anywhere—it is not where ideas come from so much as where they go to become the products and companies that create the future. By taking us so deeply into the VCs’ game, The Power Law helps us think about our own future through their eyes.1/ Informing a reader by telling stories is the approach taken in this new book on venture capital. It's is easier to convey an idea like: "Venture capital is not even a home-run business. It's a grand-slam business." Bill Gurley if you tell a story. https://t.co/epZaGkM7VD
Complete Short Stories
W. Somerset Maugham
@fed_speak The Complete Short Stories of W. Somerset Maugham https://t.co/5Lvzo1bPuT
Flywheels
Tom Alberg
Tom Alberg, a venture capitalist who was one of the first investors in Amazon, draws on his experience in Seattle's tech boom to offer a vision for how cities and businesses can build a brighter future together. He explores how cities can soar to prosperity by creating the conditions that encourage innovation.I like a good story. Here's a good one from Tom Alberg's book Flywheels: https://t.co/aEVBxfxUOT I received one of these "free-for-life" phone numbers. Back in the day, the prestige phone numbers had a lot of zeros in them, most notably ending in 00. https://t.co/l2pVRKBm5o
A Mind at Play
Jimmy Soni
Winner of the Neumann Prize for the History of Mathematics **Named a best book of the year by Bloomberg and Nature** **'Best of 2017' by The Morning Sun** "We owe Claude Shannon a lot, and Soni & Goodman’s book takes a big first step in paying that debt." —San Francisco Review of Books "Soni and Goodman are at their best when they invoke the wonder an idea can instill. They summon the right level of awe while stopping short of hyperbole." —Financial Times "Jimmy Soni and Rob Goodman make a convincing case for their subtitle while reminding us that Shannon never made this claim himself." —The Wall Street Journal "Soni and Goodman have done their research...A Mind at Play reveals the remarkable human behind some of the most important theoretical and practical contributions to the information age." —Nature "A Mind at Play shows us that you don't need to be a genius to learn from a genius. Claude Shannon's inventive, vibrant life demonstrates how vital the act of play can be to making the most of work." —Inc. “A charming account of one of the twentieth century’s most distinguished scientists…Readers will enjoy this portrait of a modern-day Da Vinci.” —Fortune In their second collaboration, biographers Jimmy Soni and Rob Goodman present the story of Claude Shannon—one of the foremost intellects of the twentieth century and the architect of the Information Age, whose insights stand behind every computer built, email sent, video streamed, and webpage loaded. Claude Shannon was a groundbreaking polymath, a brilliant tinkerer, and a digital pioneer. He constructed the first wearable computer, outfoxed Vegas casinos, and built juggling robots. He also wrote the seminal text of the digital revolution, which has been called “the Magna Carta of the Information Age.” In this elegantly written, exhaustively researched biography, Soni and Goodman reveal Claude Shannon’s full story for the first time. With unique access to Shannon’s family and friends, A Mind at Play brings this singular innovator and always playful genius to life.@paulh4224 https://t.co/SqtTdiVIcK
Competitive Strategy
Michael E. Porter
Now nearing its sixtieth printing in English and translated into nineteen languages, Michael E. Porter's Competitive Strategy has transformed the theory, practice, and teaching of business strategy throughout the world. Electrifying in its simplicity—like all great breakthroughs—Porter’s analysis of industries captures the complexity of industry competition in five underlying forces. Porter introduces one of the most powerful competitive tools yet developed: his three generic strategies—lowest cost, differentiation, and focus—which bring structure to the task of strategic positioning. He shows how competitive advantage can be defined in terms of relative cost and relative prices, thus linking it directly to profitability, and presents a whole new perspective on how profit is created and divided. In the almost two decades since publication, Porter's framework for predicting competitor behavior has transformed the way in which companies look at their rivals and has given rise to the new discipline of competitor assessment. More than a million managers in both large and small companies, investment analysts, consultants, students, and scholars throughout the world have internalized Porter's ideas and applied them to assess industries, understand competitors, and choose competitive positions. The ideas in the book address the underlying fundamentals of competition in a way that is independent of the specifics of the ways companies go about competing. Competitive Strategy has filled a void in management thinking. It provides an enduring foundation and grounding point on which all subsequent work can be built. By bringing a disciplined structure to the question of how firms achieve superior profitability, Porter’s rich frameworks and deep insights comprise a sophisticated view of competition unsurpassed in the last quarter-century.@vc https://t.co/dzsdYJPjMl
Pioneering Portfolio Management
David F. Swensen
An indispensable roadmap for creating a successful investment program from Yale’s chief investment officer, David F. Swensen. In the years since the now-classic Pioneering Portfolio Management was first published, the global investment landscape has changed dramatically -- but the results of David Swensen's investment strategy for the Yale University endowment have remained as impressive as ever. Year after year, Yale's portfolio has trumped the marketplace by a wide margin, and, with over $20 billion added to the endowment under his twenty-three-year tenure, Swensen has contributed more to Yale's finances than anyone ever has to any university in the country. What may have seemed like one among many success stories in the era before the Internet bubble burst emerges now as a completely unprecedented institutional investment achievement. In this fully revised and updated edition, Swensen, author of the bestselling personal finance guide Unconventional Success, describes the investment process that underpins Yale's endowment. He provides lucid and penetrating insight into the world of institutional funds management, illuminating topics ranging from asset-allocation structures to active fund management. Swensen employs an array of vivid real-world examples, many drawn from his own formidable experience, to address critical concepts such as handling risk, selecting advisors, and weathering market pitfalls. Swensen offers clear and incisive advice, especially when describing a counterintuitive path. Conventional investing too often leads to buying high and selling low. Trust is more important than flash-in-the-pan success. Expertise, fortitude, and the long view produce positive results where gimmicks and trend following do not. The original Pioneering Portfolio Management outlined a commonsense template for structuring a well-diversified equity-oriented portfolio. This new edition provides fund managers and students of the market an up-to-date guide for actively managed investment portfolios.@special_cheeese https://t.co/PvocZtnM1h https://t.co/St4iKcex9e https://t.co/NN4PYOiH0e
Unconventional Success
David F. Swensen
The bestselling author of Pioneering Portfolio Management, the definitive template for institutional fund management, returns with a book that shows individual investors how to manage their financial assets. In Unconventional Success, investment legend David F. Swensen offers incontrovertible evidence that the for-profit mutual-fund industry consistently fails the average investor. From excessive management fees to the frequent "churning" of portfolios, the relentless pursuit of profits by mutual-fund management companies harms individual clients. Perhaps most destructive of all are the hidden schemes that limit investor choice and reduce returns, including "pay-to-play" product-placement fees, stale-price trading scams, soft-dollar kickbacks, and 12b-1 distribution charges. Even if investors manage to emerge unscathed from an encounter with the profit-seeking mutual-fund industry, individuals face the likelihood of self-inflicted pain. The common practice of selling losers and buying winners (and doing both too often) damages portfolio returns and increases tax liabilities, delivering a one-two punch to investor aspirations. In short: Nearly insurmountable hurdles confront ordinary investors. Swensen's solution? A contrarian investment alternative that promotes well-diversified, equity-oriented, "market-mimicking" portfolios that reward investors who exhibit the courage to stay the course. Swensen suggests implementing his nonconformist proposal with investor-friendly, not-for-profit investment companies such as Vanguard and TIAA-CREF. By avoiding actively managed funds and employing client-oriented mutual-fund managers, investors create the preconditions for investment success. Bottom line? Unconventional Success provides the guidance and financial know-how for improving the personal investor's financial future.@special_cheeese https://t.co/PvocZtnM1h https://t.co/St4iKcex9e https://t.co/NN4PYOiH0e
Expectations Investing
Michael Mauboussin
"Expectations investing is a stock-selection process that uses the market's own pricing model, the discounted cash flow model, with an important twist. Rather than forecast cash flows, expectations investing starts by reading the expectations implied by a company's stock price. This work builds on chapter 7 in coauthor Al Rappaport's seminal book, Creating Shareholder Value, called "Stock Market Signals to Management." That chapter told executives that they needed to be able to read the expectations built into the stock price of their company in order to understand how to generate superior stock price performance. Expectations Investing tailors that message to investors. The book is unique because rather than calculating a value for a business, as most investment books and textbooks suggest, expectations investing provides the tools to understand the expectations embedded in share price and to judge whether those expectations are reasonable. Gaps between fundamentals and expectations create opportunities to buy or sell a stock. This revised and updated edition will contain new frameworks, data, and case studies that reflect how these ideas still apply in today's investing world, which has changed greatly since the first edition's publication in 2001"--My top five new books are: Trillions Expectations Investing Flywheels Wires of War Liftoff You have already read Psychology of Money and are reading Hardcore Software as it unfolds. If not, what the heck are you reading? I would rather re-read classics than a crap new book.
The Wires of War
Jacob Helberg
From the former News Policy lead at Google, an urgent and groundbreaking account of the high-stakes global cyberwar brewing between Western democracies and the autocracies of China and Russia—that could potentially crush democracy. From 2016 to 2020, Jacob Helberg led Google’s internal global product policy efforts to combat disinformation and foreign interference. During this time, he found himself in the midst of what can only be described as a quickly escalating Cold War between democracy and autocracy. Since the conflict takes place in the murky gray zone over trade routes and fiber optic lines, Helberg calls this developing tech-fueled battle a Gray War. On the front-end, we’re fighting to control the software—applications, news information, social media platforms, and more—of what we see on the screens of our computers, tablets and phones, a clash which started out primarily with Russia, but now increasingly includes China and Iran. Even more ominously, we’re also engaged in a hidden back-end battle—largely with China—to control the Internet’s hardware, which includes devices like cellular phones, satellites, fiber-optic cables, and 5G networks. This Gray War will shape the world’s balance of power for the coming century as autocracies exploit 21st century methods to re-divide the world into 20th century-style spheres of influence. Helberg cautions that the spoils of this war are power over every meaningful aspect of our society, including our economy, our infrastructure, the screens we constantly consult for information and entertainment—and what news we deem as truth. Without a firm partnership with the government, Silicon Valley is unable to protect democracy from the autocrats looking to sabotage it from places like Beijing, Moscow, and Tehran. The stakes of the ongoing cyberwar are no less than our nation’s sovereignty and institutional agency, the freedom of our democratic allies, and even the ability of each of us to control our own fates, Helberg says. And time is running out.My top five new books are: Trillions Expectations Investing Flywheels Wires of War Liftoff You have already read Psychology of Money and are reading Hardcore Software as it unfolds. If not, what the heck are you reading? I would rather re-read classics than a crap new book.
Success Equations
Dr. Sherrie Campbell
Success Equations: A Path to Living an Emotionally Wealthy Life identifies the behavioral patterns that will lead readers into success in health, wealth, and lasting happiness. Those striving for success can follow certain formulas, cultivate them as virtues, and greatly increase their chances of living authentically wealthy lives. Most anyone can be rich; anyone can make money. However, not everyone, due to more negative patterns, can become "wealthy." When people are wealthy, they have it all. With love, family, physical, emotional, mental, and spiritual health, and the financial resources to make all other areas of life that much more satisfying, people reach the kind of success they dream of having. There are no shortcuts to success, but Dr. Sherrie Campbell's equations provide readers with the formulas they need to create the success they desire.@scottfawcett My friend @mjmauboussin has written about moneyball in sports. He knows Mark Broadie, who developed Strokes Gained. Michael's book The Success Equation: Untangling Skill and Luck in Business, Sports and Investing reviews strategies needed to distinguish skill from luck. https://t.co/R4nC3cRZcP
The Fractal Geometry of Nature
Benoit B Mandelbrot
Written in a style that is accessible to a wide audience, The Fractal Geometry of Nature inspired popular interest in this emerging field. Mandelbrot's unique style, and rich illustrations will inspire readers of all backgrounds.@SahilBloom @gregisenberg I had a conversation with Mandelbrot only once. We talked about Lindy and other topics. Mandelbrot’s applied Lindy to people's work too: "However long a person’s past collected works, it will on the average continue for an equal additional amount." https://t.co/DO7FPvQIKV
A Moveable Feast
Ernest Hemingway
Begun in the autumn of 1957 and published posthumously in 1964, Ernest Hemingway's A Moveable Feast captures what it meant to be young and poor and writing in Paris during the 1920s. "You belong to me and all Paris belongs to me and I belong to this notebook and this pencil." A correspondent for the Toronto Star, Hemingway arrived in Paris in 1921, three years after the trauma of the Great War and at the beginning of the transformation of Europe's cultural landscape: Braque and Picasso were experimenting with cubist forms; James Joyce, long living in self-imposed exile from his native Dublin, had just completed Ulysses; Gertude Stein held court at 27 rue de Fleurus, and deemed young Ernest a member of rue génération perdue; and T. S. Eliot was a bank clerk in London. It was during these years that the as-of-yet unpublished young writer gathered the material for his first novel, The Sun Also Rises, and the subsequent masterpieces that followed. Among these small, reflective sketches are unforgettable encounters with the members of Hemingway's slightly rag-tag circle of artists and writers, some also fated to achieve fame and glory, others to fall into obscurity. Here, too, is an evocation of the Paris that Hemingway knew as a young man -- a map drawn in his distinct prose of the streets and cafés and bookshops that comprised the city in which he, as a young writer, sometimes struggling against the cold and hunger of near poverty, honed the skills of his craft. A Moveable Feast is at once an elegy to the remarkable group of expatriates that gathered in Paris during the twenties and a testament to the risks and rewards of the writerly life.@patrick_oshag The Sun Also Rises" is just over 67,000 words. "The Old Man and the Sea" is about 26,500 words. A Moveable Feast is 208 pages. https://t.co/gofPHO7hTe
The Misbehavior of Markets
Benoit Mandelbrot
@Austen https://t.co/TMKu3IDfmm
The Psychology of Money
Morgan Housel
Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.3/ The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan Housel Disclosure: If you have not read this book and the two others above in this thread you are a damn fool. https://t.co/vQMRJHCazQ
Trillions
Robin Wigglesworth
From the Financial Times's global finance correspondent, the incredible true story of the iconoclastic geeks who defied conventional wisdom and endured Wall Street's scorn to launch the index fund revolution, democratizing investing and saving hundreds of billions of dollars in fees that would have otherwise lined fat cats' pockets. Fifty years ago, the Manhattan Project of money management was quietly assembled in the financial industry's backwaters, unified by the heretical idea that even many of the world's finest investors couldn't beat the market in the long run. The motley crew of nerds--including economist wunderkind Gene Fama, humiliated industry executive Jack Bogle, bull-headed and computer-obsessive John McQuown, and avuncular former WWII submariner Nate Most--succeeded beyond their wildest dreams. Passive investing now accounts for more than $20 trillion, equal to the entire gross domestic product of the US, and is today a force reshaping markets, finance and even capitalism itself in myriad subtle but pivotal ways. Yet even some fans of index funds and ETFs are growing perturbed that their swelling heft is destabilizing markets, wrecking the investment industry and leading to an unwelcome concentration of power in fewer and fewer hands. In Trillions, Financial Times journalist Robin Wigglesworth unveils the vivid secret history of an invention Wall Street wishes was never created, bringing to life the characters behind its birth, growth, and evolution into a world-conquering phenomenon. This engrossing narrative is essential reading for anyone who wants to understand modern finance--and one of the most pressing financial uncertainties of our time.2/ Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever by Robin Wigglesworth. Disclosure: I love people like Robin who tell stories. When I receive a free book to review (even in galley format) I like that.https://t.co/CJlzR4UCRn,
Expectations Investing
Michael Mauboussin
"Expectations investing is a stock-selection process that uses the market's own pricing model, the discounted cash flow model, with an important twist. Rather than forecast cash flows, expectations investing starts by reading the expectations implied by a company's stock price. This work builds on chapter 7 in coauthor Al Rappaport's seminal book, Creating Shareholder Value, called "Stock Market Signals to Management." That chapter told executives that they needed to be able to read the expectations built into the stock price of their company in order to understand how to generate superior stock price performance. Expectations Investing tailors that message to investors. The book is unique because rather than calculating a value for a business, as most investment books and textbooks suggest, expectations investing provides the tools to understand the expectations embedded in share price and to judge whether those expectations are reasonable. Gaps between fundamentals and expectations create opportunities to buy or sell a stock. This revised and updated edition will contain new frameworks, data, and case studies that reflect how these ideas still apply in today's investing world, which has changed greatly since the first edition's publication in 2001"--1/ Holiday shopping book tips from Tren. Expectations Investing- Revised Edition Disclosure: Michael Mauboussin is my friend and I would take a bullet for him. https://t.co/MbLhbbGLwA
Flywheels
Tom Alberg
Tom Alberg, a venture capitalist who was one of the first investors in Amazon, draws on his experience in Seattle's tech boom to offer a vision for how cities and businesses can build a brighter future together. He explores how cities can soar to prosperity by creating the conditions that encourage innovation.4/ People acting with purpose can create highly beneficial feedback loops despite the difficulty of making forecasts. Most emergent surprises are positive. If feedback is harnessed in the right way, great things can happen. This book has many examples.https://t.co/aEVBxfxUOT
Platform Revolution
Geoffrey G. Parker
A practical guide to the new economy that is transforming the way we live, work, and play.@ABlekh @CeciStalls I help run real platforms at scale. One is a service which has 54 million consumers who pay $10 a month. I am a tech and business person. If a service can't generate network effects, it isn't a platform. The academics agree. Investors ❤️ network effects. https://t.co/QXi44B1mtT
Flywheels
Tom Alberg
1/ The birth of a commercial Internet in 1993,coincided with the start of what I call my "miracle year." In his new book Tom Alberg tells the story of Jeff Bezos convincing him to invest in the Amazon seed round. It's a great story. I was in the building. https://t.co/pC8nLaM495
Trillions
Robin Wigglesworth
From the Financial Times's global finance correspondent, the incredible true story of the iconoclastic geeks who defied conventional wisdom and endured Wall Street's scorn to launch the index fund revolution, democratizing investing and saving hundreds of billions of dollars in fees that would have otherwise lined fat cats' pockets. Fifty years ago, the Manhattan Project of money management was quietly assembled in the financial industry's backwaters, unified by the heretical idea that even many of the world's finest investors couldn't beat the market in the long run. The motley crew of nerds--including economist wunderkind Gene Fama, humiliated industry executive Jack Bogle, bull-headed and computer-obsessive John McQuown, and avuncular former WWII submariner Nate Most--succeeded beyond their wildest dreams. Passive investing now accounts for more than $20 trillion, equal to the entire gross domestic product of the US, and is today a force reshaping markets, finance and even capitalism itself in myriad subtle but pivotal ways. Yet even some fans of index funds and ETFs are growing perturbed that their swelling heft is destabilizing markets, wrecking the investment industry and leading to an unwelcome concentration of power in fewer and fewer hands. In Trillions, Financial Times journalist Robin Wigglesworth unveils the vivid secret history of an invention Wall Street wishes was never created, bringing to life the characters behind its birth, growth, and evolution into a world-conquering phenomenon. This engrossing narrative is essential reading for anyone who wants to understand modern finance--and one of the most pressing financial uncertainties of our time.1/ Trillions is a new book by Robin Wigglesworth. The book's core is a lively telling of the creation story of index funds. The author skillfully uses the contributions of colorful individuals to inform the reader about the investing system's origins. https://t.co/tk4rbKtNxN
Muddling Toward Frugality
Warren Johnson
Mr. Johnson’s thesis can be summarized without much difficulty: after generations of extravagant and reckless industrial expansion, we are clearly entering an age of economic scarcity. While human demands continue to rise, natural resources, especially the non-renewable kind, become harder to find and more expensive to extract, process, transport and distribute. This simple brute fact is the basic cause of inflation, despite the inability of most professional economists to see it. (The “dismal science” has never been more dismally obtuse than it is today.) The law of diminishing returns is coming into effect. Technological developments can delay the process but not halt or reverse it; nor can we rely on government or big business to save us. Planning for further growth delays the adjustments that must be made, makes a fair sharing of necessary sacrifices more troublesome, and if carried too far will make more severe and painful, because rapid, the inevitable decline of the international economic machine. The best way to deal with the end of affluence is to accept it—not fight it—and to begin, here and now, the unavoidable adaptations, on an individual, family, and community basis. Piecemeal, experimental, and muddling.@mims Muddling Toward Frugality is a book on the topic (1978). It is unlikely to be politically popular or trending on Tik Tok though. https://t.co/mxrxE5SQKu If we made more products in the US, the port and warehouse crisis would be smaller. https://t.co/FEdLEGFH9i
The Wires of War
Jacob Helberg
A new book on cyber warfare drops tomorrow. I read an advance copy and it's worth reading if you're interested in this topic. https://t.co/t9rlxBlNdW
The Wires of War
Jacob Helberg
From the former News Policy lead at Google, an urgent and groundbreaking account of the high-stakes global cyberwar brewing between Western democracies and the autocracies of China and Russia—that could potentially crush democracy. From 2016 to 2020, Jacob Helberg led Google’s internal global product policy efforts to combat disinformation and foreign interference. During this time, he found himself in the midst of what can only be described as a quickly escalating Cold War between democracy and autocracy. Since the conflict takes place in the murky gray zone over trade routes and fiber optic lines, Helberg calls this developing tech-fueled battle a Gray War. On the front-end, we’re fighting to control the software—applications, news information, social media platforms, and more—of what we see on the screens of our computers, tablets and phones, a clash which started out primarily with Russia, but now increasingly includes China and Iran. Even more ominously, we’re also engaged in a hidden back-end battle—largely with China—to control the Internet’s hardware, which includes devices like cellular phones, satellites, fiber-optic cables, and 5G networks. This Gray War will shape the world’s balance of power for the coming century as autocracies exploit 21st century methods to re-divide the world into 20th century-style spheres of influence. Helberg cautions that the spoils of this war are power over every meaningful aspect of our society, including our economy, our infrastructure, the screens we constantly consult for information and entertainment—and what news we deem as truth. Without a firm partnership with the government, Silicon Valley is unable to protect democracy from the autocrats looking to sabotage it from places like Beijing, Moscow, and Tehran. The stakes of the ongoing cyberwar are no less than our nation’s sovereignty and institutional agency, the freedom of our democratic allies, and even the ability of each of us to control our own fates, Helberg says. And time is running out."The Wires of War: Technology and the Global Struggle for Power" https://t.co/ENc4RQgkFZ The book drops in three days. As everyone knows, a16z partners like me received copies earlier than the general public. . https://t.co/hBMO0xWI3n
- A Dozen Lessons for Entrepreneurs shows how the insights of leading venture capitalists can teach readers to create a unique approach to building a successful business. By better understanding the views and experiences of a wide range of entrepreneurs, readers can discern which of many possible paths will lead to success.
1/ Running through the data in this well written thread are themes that I wrote about in my 2017 book "A Dozen Lessons for Entrepreneurs" https://t.co/sQuRjtGtJn and numerous posts on my 25iQ blog at https://t.co/tRXO9ehusq https://t.co/0D2MZk0vzI
Les Schwab Pride in Performance
Les Schwab
@SuperMugatu If you want a less well-known book: "If you want to read one book that will demonstrate really shrewd compensation systems in a whole chain of small businesses, read the autobiography of Les Schwab." Charlie Munger, Berkshire AGM 2004 https://t.co/aiay1TLgfS
Steve Jobs
Walter Isaacson
Draws on more than forty interviews with Steve Jobs, as well as interviews with family members, friends, competitors, and colleagues to offer a look at the co-founder and leading creative force behind the Apple computer company.@SuperMugatu A business history book or biography is vastly improved when a professional writer is involved. As an example, J. R. Moehringer ghostwrote Phil Knight's memoir Shoe Dog. I would read a Michael Lewis book about almost anything. Walter Isaacson writes well. https://t.co/W7EEReNzbR
Damn Right
Janet Lowe
Praise for Damn Right! From the author of the bestselling WARREN BUFFETT SPEAKS. . . "Charlie Munger, whose reputation is deep and wide, based on an extraordinary record of brilliantly successful business strategies, sees things that others don't. There is a method to his mastery and, through this book, we get a chance to learn about this rare individual." -MICHAEL EISNER, Chairman and CEO, The Walt Disney Company "Janet Lowe uncovers the iconoclastic genius and subtle charm behind Charlie Munger's curmudgeonly facade in this richly woven portrait of our era's heir to Ben Franklin. With a biographer's detachment, an historian's thoroughness, and a financial writer's common sense, Lowe produces a riveting account of the family, personal, and business life of the idiosyncratically complex and endlessly fascinating figure." -LAWRENCE CUNNINGHAM, Cardozo Law School, Author of The Essays of Warren Buffett: Lessons for Corporate America "For years, Berkshire Hathaway shareholders and investors worldwide (me included) have struggled to learn more about Warren Buffett's cerebral sidekick. Now we can rest and enjoy reading Janet Lowe's book about this rare intellectual jewel called Charlie Munger." -ROBERT G. HAGSTROM, Author of The Warren Buffett Way "Charlie has lived by the creed that one should live a life that doesn't need explaining. But his life should be explained. In a city where heroism is too often confused with celebrity, Charlie is a true hero and mentor. He lives the life lessons that he has studiously extracted from other true heroes and mentors, from Ben Franklin to Ben Graham. This book illuminates those life lessons." -RONALD L. OLSON, Munger, Tolles & Olson llp "Janet Lowe's unprecedented access to Charlie Munger and Warren Buffett has resulted in a first-class book that investors, academics, and CEOs will find entertaining and highly useful."-TIMOTHY P. VICK, Money Manager and Author of How to Pick Stocks Like Warren Buffett@saroff_nyc @BigRiverCapita1 @DarkfireCapital Janet Lowe wrote a biography of Charlie Munger. https://t.co/zPRhl0GyRL Poor Charlie's is a collection of essays: https://t.co/qcwRDmB3am My Munger book is an analysis. I tried to use his approaches as instructional examples. I said up front: this book is not a biography.
Poor Charlie's Almanack
Charles T. Munger
@saroff_nyc @BigRiverCapita1 @DarkfireCapital Janet Lowe wrote a biography of Charlie Munger. https://t.co/zPRhl0GyRL Poor Charlie's is a collection of essays: https://t.co/qcwRDmB3am My Munger book is an analysis. I tried to use his approaches as instructional examples. I said up front: this book is not a biography.
Buffett
Roger Lowenstein
Chronicles Warren Buffett's childhood ambitions, Columbia Business School education, investment strategies, early investments, and affiliation with American Express, Berkshire Hathaway, and ABC.@saroff_nyc @BigRiverCapita1 @DarkfireCapital The best Buffett biography is by Lowenstein. https://t.co/GOorzcvWO6 Loomis has a book. https://t.co/7jx1IkMqUt The best analysis of Buffett as an investor and Berkshire's operations are Hagstrom's books. https://t.co/ebxBdIjqpb
Tap Dancing to Work
Carol J. Loomis
A retrospective collection of top-selected Fortune articles on Warren Buffett from the past half century places them in context and provides fresh commentary to offer insight into the influential investor's views on such topics as management, philanthropy and public policy. 100,000 first printing.@saroff_nyc @BigRiverCapita1 @DarkfireCapital The best Buffett biography is by Lowenstein. https://t.co/GOorzcvWO6 Loomis has a book. https://t.co/7jx1IkMqUt The best analysis of Buffett as an investor and Berkshire's operations are Hagstrom's books. https://t.co/ebxBdIjqpb
The Warren Buffett Way
Robert G. Hagstrom
@saroff_nyc @BigRiverCapita1 @DarkfireCapital The best Buffett biography is by Lowenstein. https://t.co/GOorzcvWO6 Loomis has a book. https://t.co/7jx1IkMqUt The best analysis of Buffett as an investor and Berkshire's operations are Hagstrom's books. https://t.co/ebxBdIjqpb
Expectations Investing
Michael Mauboussin
"Expectations investing is a stock-selection process that uses the market's own pricing model, the discounted cash flow model, with an important twist. Rather than forecast cash flows, expectations investing starts by reading the expectations implied by a company's stock price. This work builds on chapter 7 in coauthor Al Rappaport's seminal book, Creating Shareholder Value, called "Stock Market Signals to Management." That chapter told executives that they needed to be able to read the expectations built into the stock price of their company in order to understand how to generate superior stock price performance. Expectations Investing tailors that message to investors. The book is unique because rather than calculating a value for a business, as most investment books and textbooks suggest, expectations investing provides the tools to understand the expectations embedded in share price and to judge whether those expectations are reasonable. Gaps between fundamentals and expectations create opportunities to buy or sell a stock. This revised and updated edition will contain new frameworks, data, and case studies that reflect how these ideas still apply in today's investing world, which has changed greatly since the first edition's publication in 2001"--@KJC225 @alphaarchitect https://t.co/KbwcrshBAX
Expectations Investing
Michael Mauboussin
"Expectations investing is a stock-selection process that uses the market's own pricing model, the discounted cash flow model, with an important twist. Rather than forecast cash flows, expectations investing starts by reading the expectations implied by a company's stock price. This work builds on chapter 7 in coauthor Al Rappaport's seminal book, Creating Shareholder Value, called "Stock Market Signals to Management." That chapter told executives that they needed to be able to read the expectations built into the stock price of their company in order to understand how to generate superior stock price performance. Expectations Investing tailors that message to investors. The book is unique because rather than calculating a value for a business, as most investment books and textbooks suggest, expectations investing provides the tools to understand the expectations embedded in share price and to judge whether those expectations are reasonable. Gaps between fundamentals and expectations create opportunities to buy or sell a stock. This revised and updated edition will contain new frameworks, data, and case studies that reflect how these ideas still apply in today's investing world, which has changed greatly since the first edition's publication in 2001"--@nachkari "We can distill valuation into three prime components: future cash flows, a required rate of return, and a period of excess returns (which we call competitive advantage period, or CAP)." What does reverse DCF imply about market expectations for a stock? https://t.co/KbwcrshBAX
The Second Machine Age
Erik Brynjolfsson
A pair of technology experts describe how humans will have to keep pace with machines in order to become prosperous in the future and identify strategies and policies for business and individuals to use to combine digital processing power with human ingenuity.@eclabadie @VaclavSmil @erikbryn Excellent book I should have included.
The Soul of A New Machine
Tracy Kidder
@nachkari 1. Soul of a New Machine 2. Where Wizards Stay Up Late 3. A Mind at Play 4. Books by Walter Isaacson like The Innovators, Jobs, DaVinci, Einstein and Franklin 5. Wright Brothers (McCullough) 6. Fire in the Valley 7. Intel Trinity 8. Edison https://t.co/D4jYgxsyef
Where Wizards Stay Up Late
Katie Hafner
A history of the Internet and the story of the scientists behind its creation describes the 1960s effort funded by the Defense Department and the technologies that contributed to its monumental growth@nachkari 1. Soul of a New Machine 2. Where Wizards Stay Up Late 3. A Mind at Play 4. Books by Walter Isaacson like The Innovators, Jobs, DaVinci, Einstein and Franklin 5. Wright Brothers (McCullough) 6. Fire in the Valley 7. Intel Trinity 8. Edison https://t.co/D4jYgxsyef
A Mind at Play
Jimmy Soni
Winner of the Neumann Prize for the History of Mathematics **Named a best book of the year by Bloomberg and Nature** **'Best of 2017' by The Morning Sun** "We owe Claude Shannon a lot, and Soni & Goodman’s book takes a big first step in paying that debt." —San Francisco Review of Books "Soni and Goodman are at their best when they invoke the wonder an idea can instill. They summon the right level of awe while stopping short of hyperbole." —Financial Times "Jimmy Soni and Rob Goodman make a convincing case for their subtitle while reminding us that Shannon never made this claim himself." —The Wall Street Journal "Soni and Goodman have done their research...A Mind at Play reveals the remarkable human behind some of the most important theoretical and practical contributions to the information age." —Nature "A Mind at Play shows us that you don't need to be a genius to learn from a genius. Claude Shannon's inventive, vibrant life demonstrates how vital the act of play can be to making the most of work." —Inc. “A charming account of one of the twentieth century’s most distinguished scientists…Readers will enjoy this portrait of a modern-day Da Vinci.” —Fortune In their second collaboration, biographers Jimmy Soni and Rob Goodman present the story of Claude Shannon—one of the foremost intellects of the twentieth century and the architect of the Information Age, whose insights stand behind every computer built, email sent, video streamed, and webpage loaded. Claude Shannon was a groundbreaking polymath, a brilliant tinkerer, and a digital pioneer. He constructed the first wearable computer, outfoxed Vegas casinos, and built juggling robots. He also wrote the seminal text of the digital revolution, which has been called “the Magna Carta of the Information Age.” In this elegantly written, exhaustively researched biography, Soni and Goodman reveal Claude Shannon’s full story for the first time. With unique access to Shannon’s family and friends, A Mind at Play brings this singular innovator and always playful genius to life.@nachkari 1. Soul of a New Machine 2. Where Wizards Stay Up Late 3. A Mind at Play 4. Books by Walter Isaacson like The Innovators, Jobs, DaVinci, Einstein and Franklin 5. Wright Brothers (McCullough) 6. Fire in the Valley 7. Intel Trinity 8. Edison https://t.co/D4jYgxsyef
The Innovators
Walter Isaacson
"Following his blockbuster biography of Steve Jobs, The Innovators is Walter Isaacson's revealing story of the people who created the computer and the Internet. It is destined to be the standard history of the digital revolution and an indispensable guide to how innovation really happens. What were the talents that allowed certain inventors and entrepreneurs to turn their visionary ideas into disruptive realities? What led to their creative leaps? Why did some succeed and others fail? In his masterly saga, Isaacson begins with Ada Lovelace, Lord Byron's daughter, who pioneered computer programming in the 1840s. He explores the fascinating personalities that cr eated our current digital revolution, such as Vannevar Bush, Alan Turing, John von Neumann, J.C.R. Licklider, Doug Engelbart, Robert Noyce, Bill Gates, Steve Wozniak, Steve Jobs, Tim Berners-Lee, and Larry Page. This is the story of how their minds worked and what made them so inventive. It's also a narrative of how their ability to collaborate and master the art of teamwork made them even more creative. For an era that seeks to foster innovation, creativity, and teamwork, The Innovators shows how they happen"--@nachkari 1. Soul of a New Machine 2. Where Wizards Stay Up Late 3. A Mind at Play 4. Books by Walter Isaacson like The Innovators, Jobs, DaVinci, Einstein and Franklin 5. Wright Brothers (McCullough) 6. Fire in the Valley 7. Intel Trinity 8. Edison https://t.co/D4jYgxsyef
The Wright Brothers
David McCullough
@nachkari 1. Soul of a New Machine 2. Where Wizards Stay Up Late 3. A Mind at Play 4. Books by Walter Isaacson like The Innovators, Jobs, DaVinci, Einstein and Franklin 5. Wright Brothers (McCullough) 6. Fire in the Valley 7. Intel Trinity 8. Edison https://t.co/D4jYgxsyef
The Intel Trinity
Michael S. Malone
The definitive history of the Intel Corporation—the essential company of the digital age—told through the lives of its three preeminent figures: Robert Noyce, Gordon Moore, and Andy Grove Intel has often been hailed as the most important company in the world, and with good reason: While technology companies come and go, Intel remains, more than four decades after its inception, a defining company of the global digital economy. The legendary inventor of the microprocessor—the single most significant product in the modern world—Intel today builds the tiny "engines" that power almost every intelligent electronic device on the planet. But the true story of Intel is the human story of the three geniuses behind it. In The Intel Trinity, Michael S. Malone takes an unflinching look at the strengths and weaknesses each member of the trio has brought to Intel, and how, without the perfect balance, the company would never have reached its current level of success. Robert Noyce, the most respected high- tech figure of his generation, brought credibility (and money) to the company's founding; Gordon Moore made Intel the world's technological leader; and Andy Grove relentlessly drove the company to ever-higher levels of success and competitiveness. Without any one of these figures, Intel would never have achieved its historic success; with them, Intel made possible the personal computer, the Internet, telecommunications, and the personal electronics revolution. Based on unprecedented access to corporate archives, The Intel Trinity reveals the fascinating stories behind the company's ubiquitous products and the unique business practices—including a willingness to commit to new ideas, an initiative to make bold investments in lean times, and a devotion to upholding Gordon Moore's namesake law—that led Intel to consistent success unheard of elsewhere in the tech world. The Intel Trinity is not just the story of Intel's legendary past; it is also an analysis of the formidable challenges that lie ahead as the company struggles to maintain its dominance, its culture, and its legacy.@nachkari 1. Soul of a New Machine 2. Where Wizards Stay Up Late 3. A Mind at Play 4. Books by Walter Isaacson like The Innovators, Jobs, DaVinci, Einstein and Franklin 5. Wright Brothers (McCullough) 6. Fire in the Valley 7. Intel Trinity 8. Edison https://t.co/D4jYgxsyef
Expectations Investing
Michael Mauboussin
"Expectations investing is a stock-selection process that uses the market's own pricing model, the discounted cash flow model, with an important twist. Rather than forecast cash flows, expectations investing starts by reading the expectations implied by a company's stock price. This work builds on chapter 7 in coauthor Al Rappaport's seminal book, Creating Shareholder Value, called "Stock Market Signals to Management." That chapter told executives that they needed to be able to read the expectations built into the stock price of their company in order to understand how to generate superior stock price performance. Expectations Investing tailors that message to investors. The book is unique because rather than calculating a value for a business, as most investment books and textbooks suggest, expectations investing provides the tools to understand the expectations embedded in share price and to judge whether those expectations are reasonable. Gaps between fundamentals and expectations create opportunities to buy or sell a stock. This revised and updated edition will contain new frameworks, data, and case studies that reflect how these ideas still apply in today's investing world, which has changed greatly since the first edition's publication in 2001"--One fantastic thing about one day delivery is you can receive the new Michael Mauboussin book quickly if you act now. If you have heard him speak at places like Capital Camp or have read his essays and other books you know. The book drops tomorrow. https://t.co/fCPVajafQJ
The Diversity Bonus
Scott Page
How businesses and other organizations can improve their performance by tapping the power of differences in how people think What if workforce diversity is more than simply the right thing to do in order to make society more integrated and just? What if diversity can also improve the bottom line of businesses and other organizations facing complex challenges in the knowledge economy? It can. And The Diversity Bonus shows how and why. Scott Page, a leading thinker, writer, and speaker whose ideas and advice are sought after by corporations, nonprofits, universities, and governments around the world, makes a clear and compellingly pragmatic case for diversity and inclusion. He presents overwhelming evidence that teams that include different kinds of thinkers outperform homogenous groups on complex tasks, producing what he calls “diversity bonuses.” These bonuses include improved problem solving, increased innovation, and more accurate predictions—all of which lead to better performance and results. Page shows that various types of cognitive diversity—differences in how people perceive, encode, analyze, and organize the same information and experiences—are linked to better outcomes. He then describes how these cognitive differences are influenced by other kinds of diversity, including racial and gender differences—in other words, identity diversity. Identity diversity, therefore, can also produce bonuses. Drawing on research in economics, psychology, computer science, and many other fields, The Diversity Bonus also tells the stories of people and organizations that have tapped the power of diversity to solve complex problems. And the book includes a challenging response from Katherine Phillips of the Columbia Business School. The result changes the way we think about diversity in the workplace—and far beyond it.@skupor https://t.co/yA6hTpuObF "Page shows that various types of cognitive diversity―differences in how people perceive, encode, analyze, and organize the same information and experiences―are linked to better outcomes."
COMPLEXITY
M. Mitchell Waldrop
A look at the rebellious thinkers who are challenging old ideas with their insights into the ways countless elements of complex systems interact to produce spontaneous order out of confusion@MorningBrew Complexity: The Emerging Science at the Edge of Order and Chaos, M. Mitchell Waldrop Also: Models of My Life, Herbert Simon Man's Search for Meaning, Viktor E. Frankl Surely You're Joking, Mr. Feynman! Richard Feynman Influence, Robert Cialdini
Man's Search for Meaning
Viktor Emil Frankl
Viennese psychiatrist tells his grim experiences in a German concentration camp which led him to logotherapy, an existential method of psychiatry.@MorningBrew Complexity: The Emerging Science at the Edge of Order and Chaos, M. Mitchell Waldrop Also: Models of My Life, Herbert Simon Man's Search for Meaning, Viktor E. Frankl Surely You're Joking, Mr. Feynman! Richard Feynman Influence, Robert Cialdini
Models of My Life (The MIT Press)
Herbert A. Simon
In this candid and witty autobiography, Nobel laureate Herbert A. Simon looks at his distinguished and varied career, continually asking himself whether (and how) what he learned as a scientist helps to explain other aspects of his life.A brilliant polymath in an age of increasing specialization, Simon is one of those rare scholars whose work defines fields of inquiry. Crossing disciplinary lines in half a dozen fields, Simon's story encompasses an explosion in the information sciences, the transformation of psychology by the information-processing paradigm, and the use of computer simulation for modeling the behavior of highly complex systems.Simon's theory of bounded rationality led to a Nobel Prize in economics, and his work on building machines that think -- based on the notion that human intelligence is the rule-governed manipulation of symbols -- laid conceptual foundations for the new cognitive science. Subsequently, contrasting metaphors of the maze (Simon's view) and of the mind (neural nets) have dominated the artificial intelligence debate.There is also a warm account of his successful marriage and of an unconsummated love affair, letters to his children, columns, a short story, and political and personal intrigue in academe.@MorningBrew Complexity: The Emerging Science at the Edge of Order and Chaos, M. Mitchell Waldrop Also: Models of My Life, Herbert Simon Man's Search for Meaning, Viktor E. Frankl Surely You're Joking, Mr. Feynman! Richard Feynman Influence, Robert Cialdini
Warren Buffett
Robert G. Hagstrom
In Warren Buffett: Inside the Ultimate Money Mind, Hagstrom breaks new ground with a deep analysis of Buffett’s essential wisdom, an intricate mosaic of wide-ranging ideas and insights that Buffett calls a Money Mind. What exactly is a Money Mind? At one level, it’s a way of thinking about major financial issues such as capital allocation. At another level, it summarizes an overall mindset for successfully investing in today’s fast-paced stock market, a mindset that depends on a commitment to learning, adapting, and facing down irrelevant noise. This is not a method book. It is a thinking book. Warren Buffett: Inside the Ultimate Money Mind explains the philosophies of self-reliance, stoicism, rationalism, and pragmatism and their contributions to making intelligent investment decisions. It also outlines the evolution of value investing, discusses how to develop a business-driven investing mindset, and describes the defining traits of successful active management. Lastly, it examines the surprising aspects of a Money Mind – sportsman, teacher, and artist. In short, Warren Buffett: Inside the Ultimate Money Mind helps readers understand the building blocks that go into making a Money Mind so they can begin to incorporate its principles in the service to a life of value. Testimonials “An erudite masterpiece…” Lawrence A. Cunningham “It’s another must read…” Bethany McLean “Pure Genius. This is a game changer in investment books…” Robert P. Miles “Effervescence and thoughtful analysis of Buffett’s life and work…” Tom Gayner “Hagstrom’s books always enable readers to think about the world in new ways…” Tren GriffinI also read in galley format: "Warren Buffett: Inside the Ultimate Money Mind" My back book cover blurb: "Robert Hagstrom’s books always enable readers to think about the world in new ways." Tren Griffin, author, Charlie Munger: The Complete Investor https://t.co/jK4zi8RUfB
Expectations Investing
Michael Mauboussin
"Expectations investing is a stock-selection process that uses the market's own pricing model, the discounted cash flow model, with an important twist. Rather than forecast cash flows, expectations investing starts by reading the expectations implied by a company's stock price. This work builds on chapter 7 in coauthor Al Rappaport's seminal book, Creating Shareholder Value, called "Stock Market Signals to Management." That chapter told executives that they needed to be able to read the expectations built into the stock price of their company in order to understand how to generate superior stock price performance. Expectations Investing tailors that message to investors. The book is unique because rather than calculating a value for a business, as most investment books and textbooks suggest, expectations investing provides the tools to understand the expectations embedded in share price and to judge whether those expectations are reasonable. Gaps between fundamentals and expectations create opportunities to buy or sell a stock. This revised and updated edition will contain new frameworks, data, and case studies that reflect how these ideas still apply in today's investing world, which has changed greatly since the first edition's publication in 2001"--I'm very fortunate to be able to read several books a year early in galley format and this revised edition of Expectations Investing by Michael Mauboussin drops September 8. It is a gem. https://t.co/qggNx1HuQJ https://t.co/hn3W4gyTLe
Expectations Investing
Michael Mauboussin
"Expectations investing is a stock-selection process that uses the market's own pricing model, the discounted cash flow model, with an important twist. Rather than forecast cash flows, expectations investing starts by reading the expectations implied by a company's stock price. This work builds on chapter 7 in coauthor Al Rappaport's seminal book, Creating Shareholder Value, called "Stock Market Signals to Management." That chapter told executives that they needed to be able to read the expectations built into the stock price of their company in order to understand how to generate superior stock price performance. Expectations Investing tailors that message to investors. The book is unique because rather than calculating a value for a business, as most investment books and textbooks suggest, expectations investing provides the tools to understand the expectations embedded in share price and to judge whether those expectations are reasonable. Gaps between fundamentals and expectations create opportunities to buy or sell a stock. This revised and updated edition will contain new frameworks, data, and case studies that reflect how these ideas still apply in today's investing world, which has changed greatly since the first edition's publication in 2001"--@om @bgurley @howardlindzon @pkedrosky @mjmauboussin I don't think about it any differently, but you often are valuing more based on optionality in private firms. I am lucky to have already read the revised version of the Mauboussin/Rappaport book "Expectations Investing" that will be available September 8. https://t.co/vW6AfgTR0t
More Than You Know
Michael J. Mauboussin
My process was the mistake. Sometimes you have a good outcome with a bad process and sometimes you have a good outcome with a bad process. "The best long-term performers in any probabilistic field -- such as investing... emphasize process over outcome." https://t.co/V5xj8EBrpq https://t.co/jHqkZNs0F6
Liftoff
Eric Berger
The dramatic inside story of the first four historic flights that launched SpaceX--and Elon Musk--from a shaky startup into the world's leading edge rocket company. In 2006, SpaceX--a brand-new venture with fewer than 200 employees--rolled its first, single-engine rocket onto a launch pad at Kwajalein Atoll. After a groundbreaking launch from the middle of the Pacific Ocean, the Falcon 1 rocket designed by Elon Musk's engineers rose in the air for approximately thirty seconds. Then, its engine flamed out, and the rocket crashed back into the ocean. In 2007, SpaceX undertook a second launch. This time, the rocket rose far into space, but just before reaching orbit it spun out of control. Confident of success in 2008, Musk and his team launched their third rocket with several paying customers. The first stage executed perfectly, but instead of falling away, it thudded into the second stage. Another failure. Elon Musk had only budgeted for three attempts when he founded SpaceX. Out of money and with a single Falcon 1 rocket left in its factory, SpaceX decided to try one last, dramatic launch. Over eight weeks, engineers worked furiously to prepare this final rocket. The fate of Musk's venture mirrored the trajectory of this slender, single-engine rocket aimed toward the skies. If it crashed and burned, so would SpaceX. In September 2008, SpaceX's last chance for success lifted off . . . and accelerated like a dream, soaring into orbit flawlessly. That success would launch a miraculous decade for the company, in which SpaceX grew from building a single-engine rocket to one with a staggering 27 engines; created two different spacecraft, and mastered reusable-rocket descents using mobile drone ships on the open seas. It marked a level of production and achievement that has not been seen since the space race of the 1960s. But these achievements would not have been possible without SpaceX's first four flight tests. Drawing on unparalleled access and exclusive interviews with dozens of former and current employees--engineers, designers, mechanics, and executives, including Elon Musk--Eric Berger tells the complete story of this foundational generation that transformed SpaceX into the world's leading space company. Liftoff includes more than a dozen photographs.@vgr Liftoff https://t.co/cKfbr9kT3K
- A Dozen Lessons for Entrepreneurs shows how the insights of leading venture capitalists can teach readers to create a unique approach to building a successful business. By better understanding the views and experiences of a wide range of entrepreneurs, readers can discern which of many possible paths will lead to success.
@naresh_sunkara @lpolovets @jposhaughnessy @bznotes @sarah_cone @morganhousel Risk is still the wrong idea in an early stage investing environment. https://t.co/BC21YH8MO3 There are 300 free 25iQ blog posts here: https://t.co/tRXO9ehusq and my book on entrepreneurs and VC which supports a charity called No Kid Hungry. https://t.co/sQuRjtGtJn
The Psychology of Money
Morgan Housel
Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.@ajb_powell https://t.co/vQMRJHCazQ
Annals of Gullibility
Stephen Greenspan
Greenspan presents an unprecedented examination of gullibility, how we develop this tendency to be duped, and what we can do to become less apt to be fooled, or help someone we care about reason in such a way they are impenetrable to guises, lies, and scams.Two days after receiving a copy of his book "Annals of Gullibility" a University of Colorado psychiatry professor learned about the Bernard Madoff fraud. One third of his retirement funds were invested with Madoff. https://t.co/lmHLbq8eHN
COMPLEXITY
M. Mitchell Waldrop
A look at the rebellious thinkers who are challenging old ideas with their insights into the ways countless elements of complex systems interact to produce spontaneous order out of confusionBill Gurley: "My favorite book of all time is a book called 'Complexity.' It’s an analysis of multi-variable nonlinear systems and how they behave. And that includes things like stock market, weather or pandemics." https://t.co/LpEddeYM9g
Noise
Daniel Kahneman
From the bestselling author of Thinking, Fast and Slow and the co-author of Nudge, a groundbreaking exploration of why most people make bad judgments, and how to control for that noise. Imagine that two doctors in the same city give different diagnoses to identical patients -- or that two judges in the same courthouse give different sentences to people who have committed the same crime. Suppose that different food inspectors give different ratings to indistinguishable restaurants -- or that when a company is handling customer complaints, the resolution depends on who happens to be handling the particular complaint. Now imagine that the same doctor, the same judge, the same inspector, or the same company official makes different decisions, depending on whether it is morning or afternoon, or Monday rather than Wednesday. These are examples of noise: variability in judgments that should be identical. In Noise, Daniel Kahneman, Cass R. Sunstein, and Olivier Sibony show how noise contributes significantly to errors in all fields, including medicine, law, economic forecasting, police behavior, food safety, bail, security checks at airports, strategy, and personnel selection. And although noise can be found wherever people make judgments and decisions, individuals and organizations alike are commonly oblivious to the role of chance in their judgments and in their actions. Drawing on the latest findings in psychology and behavioral economics, and the same kind of diligent, insightful research that made Thinking, Fast and Slow and Nudge groundbreaking New York Times bestsellers, Noise explains how and why humans are so susceptible to noise in judgment -- and what we can do about it."Wherever there is judgment, there is noise. Yet, most of the time, individuals and organizations alike are unaware of it. They neglect noise." Robert Cialdini, Annie Duke, Philip Tetlock and Angela Duckworth give glowing back cover blurbs. https://t.co/eKL6l2po5K
Liftoff
Eric Berger
The dramatic inside story of the first four historic flights that launched SpaceX--and Elon Musk--from a shaky startup into the world's leading edge rocket company. In 2006, SpaceX--a brand-new venture with fewer than 200 employees--rolled its first, single-engine rocket onto a launch pad at Kwajalein Atoll. After a groundbreaking launch from the middle of the Pacific Ocean, the Falcon 1 rocket designed by Elon Musk's engineers rose in the air for approximately thirty seconds. Then, its engine flamed out, and the rocket crashed back into the ocean. In 2007, SpaceX undertook a second launch. This time, the rocket rose far into space, but just before reaching orbit it spun out of control. Confident of success in 2008, Musk and his team launched their third rocket with several paying customers. The first stage executed perfectly, but instead of falling away, it thudded into the second stage. Another failure. Elon Musk had only budgeted for three attempts when he founded SpaceX. Out of money and with a single Falcon 1 rocket left in its factory, SpaceX decided to try one last, dramatic launch. Over eight weeks, engineers worked furiously to prepare this final rocket. The fate of Musk's venture mirrored the trajectory of this slender, single-engine rocket aimed toward the skies. If it crashed and burned, so would SpaceX. In September 2008, SpaceX's last chance for success lifted off . . . and accelerated like a dream, soaring into orbit flawlessly. That success would launch a miraculous decade for the company, in which SpaceX grew from building a single-engine rocket to one with a staggering 27 engines; created two different spacecraft, and mastered reusable-rocket descents using mobile drone ships on the open seas. It marked a level of production and achievement that has not been seen since the space race of the 1960s. But these achievements would not have been possible without SpaceX's first four flight tests. Drawing on unparalleled access and exclusive interviews with dozens of former and current employees--engineers, designers, mechanics, and executives, including Elon Musk--Eric Berger tells the complete story of this foundational generation that transformed SpaceX into the world's leading space company. Liftoff includes more than a dozen photographs.13/ This in Chapter 1 makes me excited about the rest of the book: "There are basically two approaches to building complex systems like rockets: linear and iterative design." "The mantra with [iterative] is build and test early, find failures and adapt." (Page 24 Liftoff)
Warren Buffett
Robert G. Hagstrom
In Warren Buffett: Inside the Ultimate Money Mind, Hagstrom breaks new ground with a deep analysis of Buffett’s essential wisdom, an intricate mosaic of wide-ranging ideas and insights that Buffett calls a Money Mind. What exactly is a Money Mind? At one level, it’s a way of thinking about major financial issues such as capital allocation. At another level, it summarizes an overall mindset for successfully investing in today’s fast-paced stock market, a mindset that depends on a commitment to learning, adapting, and facing down irrelevant noise. This is not a method book. It is a thinking book. Warren Buffett: Inside the Ultimate Money Mind explains the philosophies of self-reliance, stoicism, rationalism, and pragmatism and their contributions to making intelligent investment decisions. It also outlines the evolution of value investing, discusses how to develop a business-driven investing mindset, and describes the defining traits of successful active management. Lastly, it examines the surprising aspects of a Money Mind – sportsman, teacher, and artist. In short, Warren Buffett: Inside the Ultimate Money Mind helps readers understand the building blocks that go into making a Money Mind so they can begin to incorporate its principles in the service to a life of value. Testimonials “An erudite masterpiece…” Lawrence A. Cunningham “It’s another must read…” Bethany McLean “Pure Genius. This is a game changer in investment books…” Robert P. Miles “Effervescence and thoughtful analysis of Buffett’s life and work…” Tom Gayner “Hagstrom’s books always enable readers to think about the world in new ways…” Tren Griffin7/ One passage that sticks out in Robert Hagstrom's very new book on Warren Buffett ("Inside the Ultimate Money Mind") is set out below in an attachment. I read Robert Hagstrom's new book in galley format and now am reading it again in hard cover. https://t.co/ybAu5CbZCc https://t.co/jYPjTtRQZW
Investing
Robert Hagstrom
In this updated second edition, well-known investment author Hagstrom explores basic and fundamental investing concepts in a range of fields outside of economics, including physics, biology, sociology, psychology, philosophy, and literature.@Fritz844 Robert Hagstrom writes about the link between liberal arts/philosophy and investing. https://t.co/f20VCtWG29. https://t.co/NwoMbe9sIp
Charlie Munger
Tren Griffin
This book presents the essential steps of Charlie Munger's investing strategy, condensed from interviews, speeches, writings, and shareholder letters and paired with commentary from fund managers, value investors, and business-case historians. Munger's approach is straightforward enough that ordinary investors can apply it to their portfolios.@juliagalef Deprival Superreaction Hammer Syndrome Inversion Kantian Fairness Tendency Lollapalooza Tendency Loss Aversion Lake Wobegone Effect (see Overconfidence) Liking/Loving Tendency Reason-Respecting Tendency Reciprocity Social-Proof Tendency Twaddle Tendency https://t.co/bU9NK1S476
Money from Thin Air
O. Casey Corr
A portrait of visionary entrepreneur Craig McCaw discusses his seminal role in the development of the cellular communications industry and his latest work with Teledesic, a satellite network providing fast, economical worldwide Internet access. 20,000 first printing.@trmcdonald @chrisamccoy https://t.co/eltLynCCRy
How Nature Works
Per Bak
Self-organized criticality, the spontaneous development of systems to a critical state, is the first general theory of complex systems with a firm mathematical basis. This theory describes how many seemingly desperate aspects of the world, from stock market crashes to mass extinctions, avalanches to solar flares, all share a set of simple, easily described properties. "...a'must read'...Bak writes with such ease and lucidity, and his ideas are so intriguing...essential reading for those interested in complex systems...it will reward a sufficiently skeptical reader." -NATURE "...presents the theory (self-organized criticality) in a form easily absorbed by the non-mathematically inclined reader." -BOSTON BOOK REVIEW "I picture Bak as a kind of scientific musketeer; flamboyant, touchy, full of swagger and ready to join every fray... His book is written with panache. The style is brisk, the content stimulating. I recommend it as a bracing experience." -NEW SCIENTISTSelf organized criticality- The snowmobiler's death marks the latest in a series of deadly avalanches that have killed 29 people across the US this winter. The deadliest avalanche years occurred in 2008 and 2010, when there were 36 avalanche fatalities. https://t.co/VT2Hnc9dFQ
The Misbehavior of Markets
Benoit Mandelbrot
@jaltma The Misbehavior of Markets: A Fractal View of Financial Turbulence, https://t.co/x73pFUqlgf
Cable Cowboy
Mark Robichaux
An inside look at a cable titan and his industry John Malone, hailed as one of the great unsung heroes of our age by some and reviled by others as a ruthless robber baron, is revealed as a bit of both in Cable Cowboy. For more than twenty-five years, Malone has dominated the cable television industry, shaping the world of entertainment and communications, first with his cable company TCI and later with Liberty Media. Written with Malone's unprecedented cooperation, the engaging narrative brings this controversial capitalist and businessman to life. Cable Cowboy is at once a penetrating portrait of Malone's complex persona, and a captivating history of the cable TV industry. Told in a lively style with exclusive details, the book shows how an unassuming copper strand started as a backwoods antenna service and became the digital nervous system of the U.S., an evolution that gave U.S. consumers the fastest route to the Internet. Cable Cowboy reveals the forces that propelled this pioneer to such great heights, and captures the immovable conviction and quicksilver mind that have defined John Malone throughout his career.@zackkanter @kevinakwok Both are important books. The John Malone book could be better since there is not enough material on why and how versus who and when.
Korea in an era of growth
Trenholme J Griffin
@amcafee @benedictevans The rise of software eclipsed hardware and new competing Tigers like Korea copied and improved the Japanese model. I was living in Seoul then and saw it happen. My book about the shift is: https://t.co/pZFBhB1VjN
How Nature Works
Per Bak
Self-organized criticality, the spontaneous development of systems to a critical state, is the first general theory of complex systems with a firm mathematical basis. This theory describes how many seemingly desperate aspects of the world, from stock market crashes to mass extinctions, avalanches to solar flares, all share a set of simple, easily described properties. "...a'must read'...Bak writes with such ease and lucidity, and his ideas are so intriguing...essential reading for those interested in complex systems...it will reward a sufficiently skeptical reader." -NATURE "...presents the theory (self-organized criticality) in a form easily absorbed by the non-mathematically inclined reader." -BOSTON BOOK REVIEW "I picture Bak as a kind of scientific musketeer; flamboyant, touchy, full of swagger and ready to join every fray... His book is written with panache. The style is brisk, the content stimulating. I recommend it as a bracing experience." -NEW SCIENTISTWhen people ask me for papers and books that have influenced how I think and act I tend to forget the work of Per Bak. That's an error on my part. "How Nature Works: The Science of Self-Organised Criticality." https://t.co/h7WeV5lsdF https://t.co/DwYN8DZkDz
Expectations Investing
Alfred Rappaport
Expectations Investing is well worth picking up. -Financial Executive Expectations Investing offers a fundamentally new alternative for identifying value-price gaps, built around a deceptively simple and obvious tool: a company's stock price. The authors walk readers step-by-step through their breakthrough method, revealing how portfolio managers, security analysts, investment advisors, and individual investors can more accurately evaluate established and "new economy" stocks alike-and translate shareholder value from theory to reality. AUTHORBIO: Alfred Rappaport directs Shareholder Value Research for L.E.K. Consulting and is a Professor Emeritus at Northwestern's Kellogg School. Michael J. Mauboussin is Credit Suisse First Boston's Chief U.S. Investment Strategist and an adjunct professor at Columbia University.I use a multiple in evaluating a business exactly never. I do have a tech circle of competence. I watch the cycle and calibrate when doing asset allocation. My cash right now is historically high. My investing approach like Munger's is expected value. https://t.co/TEMDQTaoCo https://t.co/IEKWhgq0Ph
- A Dozen Lessons for Entrepreneurs shows how the insights of leading venture capitalists can teach readers to create a unique approach to building a successful business. By better understanding the views and experiences of a wide range of entrepreneurs, readers can discern which of many possible paths will lead to success.
@irrvrntVC @brooksmorgan @anothercohen @PitchBook One of my blog posts: https://t.co/waYcBZL0KT Another: https://t.co/t3YTPXoRi8 My book which raises money for charity: https://t.co/sQuRjtGtJn
Influence
Robert B. Cialdini
Dr Robert Cialdini explains the six psychological principles that drive the human impulse to comply to the pressures of others and reveals how to defend oneself against manipulation.@jenntejada Best gift a parent can give: https://t.co/YLMVVM81so
Expectations Investing
Alfred Rappaport
Expectations Investing is well worth picking up. -Financial Executive Expectations Investing offers a fundamentally new alternative for identifying value-price gaps, built around a deceptively simple and obvious tool: a company's stock price. The authors walk readers step-by-step through their breakthrough method, revealing how portfolio managers, security analysts, investment advisors, and individual investors can more accurately evaluate established and "new economy" stocks alike-and translate shareholder value from theory to reality. AUTHORBIO: Alfred Rappaport directs Shareholder Value Research for L.E.K. Consulting and is a Professor Emeritus at Northwestern's Kellogg School. Michael J. Mauboussin is Credit Suisse First Boston's Chief U.S. Investment Strategist and an adjunct professor at Columbia University.@patrickbrun https://t.co/YwkGRETliB
Business Adventures
John Brooks
Presents twelve stories of success or disasters among prominent companies, including the disastrous Ford Edsel, the rise of Xerox, and the scandal at General Electric.@m2jr You asked for a business book recommendation. What businesses did Drucker, Chandler or Porter actually run? Buffett recommends: Business Adventures, by John Brooks https://t.co/evE1ZBKEOK
Shoe Dog
Phil Knight
In this instant and tenacious New York Times bestseller, Nike founder and board chairman Phil Knight “offers a rare and revealing look at the notoriously media-shy man behind the swoosh” (Booklist, starred review), illuminating his company’s early days as an intrepid start-up and its evolution into one of the world’s most iconic, game-changing, and profitable brands. Bill Gates named Shoe Dog one of his five favorite books of 2016 and called it “an amazing tale, a refreshingly honest reminder of what the path to business success really looks like. It’s a messy, perilous, and chaotic journey, riddled with mistakes, endless struggles, and sacrifice. Phil Knight opens up in ways few CEOs are willing to do.” Fresh out of business school, Phil Knight borrowed fifty dollars from his father and launched a company with one simple mission: import high-quality, low-cost running shoes from Japan. Selling the shoes from the trunk of his car in 1963, Knight grossed eight thousand dollars that first year. Today, Nike’s annual sales top $30 billion. In this age of start-ups, Knight’s Nike is the gold standard, and its swoosh is one of the few icons instantly recognized in every corner of the world. But Knight, the man behind the swoosh, has always been a mystery. In Shoe Dog, he tells his story at last. At twenty-four, Knight decides that rather than work for a big corporation, he will create something all his own, new, dynamic, different. He details the many risks he encountered, the crushing setbacks, the ruthless competitors and hostile bankers—as well as his many thrilling triumphs. Above all, he recalls the relationships that formed the heart and soul of Nike, with his former track coach, the irascible and charismatic Bill Bowerman, and with his first employees, a ragtag group of misfits and savants who quickly became a band of swoosh-crazed brothers. Together, harnessing the electrifying power of a bold vision and a shared belief in the transformative power of sports, they created a brand—and a culture—that changed everything.@TSOH_Investing Shoe Dog is a book about important parts of running a real business. It's not an investing or finance book. Phil Knight worked with a ghost writer who told a story. Shoe Dog reminds me of this book about Les Schwab, which Buffett and Munger both recommend:https://t.co/aiay1TLgfS
Les Schwab Pride in Performance
Les Schwab
@m2jr I'll be different and say: "Les Schwab Pride in Performance: Keep It Going" https://t.co/aiay1TLgfS This is a book about running a business rather than an investing or finance book. It is similar to Shoe Dog. Bill Gurley's business book list is solid: https://t.co/Q2KoA0sAhh
Complexity
M. Mitchell Waldrop
@oleary_brandon https://t.co/ZHNUeqohFp
The Misbehavior of Markets
Benoit Mandelbrot
I met Mandelbrot only once at this lecture at before he passed away in 2010. He wrote the book "The Misbehavior of Markets: A Fractal View of Financial Turbulence." I suggest you read this book for yourself (even though it is not an easy book to read). https://t.co/g93VpBUQm0
Influence
Robert B. Cialdini
Dr Robert Cialdini explains the six psychological principles that drive the human impulse to comply to the pressures of others and reveals how to defend oneself against manipulation.@choffstein Charlie Munger: "Fairly late in life I stumbled into this book, Influence, by a psychologist named Bob Cialdini. It filled in a lot of holes in my crude system. You will never make a better investment.” https://t.co/q65GBtu5e9
More Than You Know
Michael Mauboussin
Since its first publication, Michael J. Mauboussin's popular guide to wise investing has been translated into eight languages and has been named best business book by BusinessWeek and best economics book by Strategy+Business. Now updated to reflect current research and expanded to include new chapters on investment philosophy, psychology, and strategy and science as they pertain to money management, this volume is more than ever the best chance to know more than the average investor. Offering invaluable tools to better understand the concepts of choice and risk, More Than You Know is a unique blend of practical advice and sound theory, sampling from a wide variety of sources and disciplines. Mauboussin builds on the ideas of visionaries, including Warren Buffett and E. O. Wilson, but also finds wisdom in a broad and deep range of fields, such as casino gambling, horse racing, psychology, and evolutionary biology. He analyzes the strategies of poker experts David Sklansky and Puggy Pearson and pinpoints parallels between mate selection in guppies and stock market booms. For this edition, Mauboussin includes fresh thoughts on human cognition, management assessment, game theory, the role of intuition, and the mechanisms driving the market's mood swings, and explains what these topics tell us about smart investing. More Than You Know is written with the professional investor in mind but extends far beyond the world of economics and finance. Mauboussin groups his essays into four parts-Investment Philosophy, Psychology of Investing, Innovation and Competitive Strategy, and Science and Complexity Theory-and he includes substantial references for further reading. A true eye-opener, More Than You Know shows how a multidisciplinary approach that pays close attention to process and the psychology of decision making offers the best chance for long-term financial results.On Covid, please remember: “A margin of safety is available for absorbing the effect of miscalculations or worse than average luck." “A lesson inherent in any probabilistic exercise: the frequency of correctness doesn't matter; it's magnitude of correctness that matters.” MM https://t.co/rXhwVOnMFy
Eat a Peach
David Chang
"The chef behind Momofuku and star of Netflix's Ugly Delicious gets uncomfortably real in his debut memoir"--6/ David Chang is saying in this interview that the independent restaurant business was struggling before Covid delivered a new gut punch. Chang has a new book out that I will read over the holidays. https://t.co/MVvI8JVahb Shades of Tony Bourdain's Kitchen Confidential.
Shoe Dog
Phil Knight
In this instant and tenacious New York Times bestseller, Nike founder and board chairman Phil Knight “offers a rare and revealing look at the notoriously media-shy man behind the swoosh” (Booklist, starred review), illuminating his company’s early days as an intrepid start-up and its evolution into one of the world’s most iconic, game-changing, and profitable brands. Bill Gates named Shoe Dog one of his five favorite books of 2016 and called it “an amazing tale, a refreshingly honest reminder of what the path to business success really looks like. It’s a messy, perilous, and chaotic journey, riddled with mistakes, endless struggles, and sacrifice. Phil Knight opens up in ways few CEOs are willing to do.” Fresh out of business school, Phil Knight borrowed fifty dollars from his father and launched a company with one simple mission: import high-quality, low-cost running shoes from Japan. Selling the shoes from the trunk of his car in 1963, Knight grossed eight thousand dollars that first year. Today, Nike’s annual sales top $30 billion. In this age of start-ups, Knight’s Nike is the gold standard, and its swoosh is one of the few icons instantly recognized in every corner of the world. But Knight, the man behind the swoosh, has always been a mystery. In Shoe Dog, he tells his story at last. At twenty-four, Knight decides that rather than work for a big corporation, he will create something all his own, new, dynamic, different. He details the many risks he encountered, the crushing setbacks, the ruthless competitors and hostile bankers—as well as his many thrilling triumphs. Above all, he recalls the relationships that formed the heart and soul of Nike, with his former track coach, the irascible and charismatic Bill Bowerman, and with his first employees, a ragtag group of misfits and savants who quickly became a band of swoosh-crazed brothers. Together, harnessing the electrifying power of a bold vision and a shared belief in the transformative power of sports, they created a brand—and a culture—that changed everything.@TSOH_Investing Shoe Dog is a great business book and a fun story. The ghost writer was JR Moehringer, an American novelist and journalist. In 2000 he won the Pulitzer Prize for newspaper feature writing. https://t.co/kKC0s2sr2E
Information Rules
Carl Shapiro
As one of the first books to distill the economics of information and networks into practical business strategies, this is a guide to the winning moves that can help business leaders--from writers, lawyers and finance professional to executives in the entertainment, publishing and hardware and software industries-- navigate successfully through the information economy.@patrick_oshag Information Rules: A Strategic Guide to the Network Economy by Carl Shapiro and Hal R. Varian https://t.co/t2SuJBDQxl and this paper by Jim Gray on "Distributed Computing Economics" clarified my thinking rather than changing it. https://t.co/PPKyEt8APJ
Geodesic Network
Peter W. Huber
@patrick_oshag Another book that changed my views instead of just clarifying them was "The Geodesic Network: 1987 Report on Competition in the Telephone Industry by Peter Huber – January 1, 1987 https://t.co/5lNZh1G8aA
Increasing Returns and Path Dependence in the Economy (Economics, Cognition, And Society)
W. Brian Arthur
DIVPioneering work on an important new approach to economics. /div@patrick_oshag "Increasing Returns and Path Dependence in the Economy" by Brian Arthur (University of Michigan Press, 1994) https://t.co/QPLQaBXAhJ I may have read his earlier papers before this book. Bill Gurley, Michael Mauboussin and I started talking about increasing returns about then.
Korea in an era of growth
Trenholme J Griffin
@LibertyRPF This book was written by me in 1987 and published by Euromoney in 1988 pre-Internet. The manuscript was created on a Wang word processor by day and an Apple 2 at night (sent to the publisher on floppy disks). Most correspondence with Euromoney was by Telex.https://t.co/pZFBhB1VjN https://t.co/oYP45UHiGO
Expectations Investing
Alfred Rappaport
Expectations Investing is well worth picking up. -Financial Executive Expectations Investing offers a fundamentally new alternative for identifying value-price gaps, built around a deceptively simple and obvious tool: a company's stock price. The authors walk readers step-by-step through their breakthrough method, revealing how portfolio managers, security analysts, investment advisors, and individual investors can more accurately evaluate established and "new economy" stocks alike-and translate shareholder value from theory to reality. AUTHORBIO: Alfred Rappaport directs Shareholder Value Research for L.E.K. Consulting and is a Professor Emeritus at Northwestern's Kellogg School. Michael J. Mauboussin is Credit Suisse First Boston's Chief U.S. Investment Strategist and an adjunct professor at Columbia University.If you are an investor and have not read Expectations Investing you only have yourself to blame: https://t.co/YwkGRETliB
Ah Mo
Arthur Griffin
These never before published native legends from the Pacific Northwest were collected by Judge Arthur Griffin and have been passed down through the generations in the Griffin Family since 1884.My Great Grandfather collected stories from Native Americans as part of his work as a lawyer to help them assert their treaty rights. His clients called him "Old Stone Axe." Those stories are collected in two books that I edited: https://t.co/XvlsNuucsN
The Global Negotiator
Jeswald W. Salacuse
In today's global business environment, an executive must have the skills and knowledge to navigate all stages of an international deal, from negotiations to managing the deal after it is signed. The aim of The Global Negotiator is to equip business executives with that exact knowledge. Whereas most books on negotiation end when the deal is made, Jeswald W. Salacuse will guide the reader from the first handshake with a potential foreign partner to the intricacies of making the international joint venture succeed and prosper, or should things go poorly, how to deal with getting out of a deal gone wrong. Salacuse illustrates the many ways in which an international deal may falter and the methods parties can use to save it, provides the necessary technical knowledge to structure specific business transactions, and explores the transformations to the international business landscape over the last decade.The stories in The Global Negotiator are almost always about events that happened in my life or my co-author's life. Our book is available free in this digital format: https://t.co/qMeWN739vJ Humans are storytelling creatures - both on the telling and the receiving sides. https://t.co/GqeuKmPA8w
Complexity
M. Mitchell Waldrop
A look at the rebellious thinkers who are challenging old ideas with insights into ways countless elements of complex systems interact to produce spontaneous order out of confusion discusses politics, economics, and biology. 40,000 first printing.@ClarkSquareCap M. Mitchell Waldrop COMPLEXITY: THE EMERGING SCIENCE AT THE EDGE OF ORDER AND CHAOS https://t.co/ba6oL5c7BL
Damn Right
Margaret A. Lowe Janet C. Lowe
@John_Stepek Damn Right. https://t.co/yJ1oSuKvlR https://t.co/PKL8ZcVyKQ.
Charlie Munger
Tren Griffin
This book presents the essential steps of Charlie Munger's investing strategy, condensed from interviews, speeches, writings, and shareholder letters and paired with commentary from fund managers, value investors, and business-case historians. Munger's approach is straightforward enough that ordinary investors can apply it to their portfolios.@John_Stepek Damn Right. https://t.co/yJ1oSuKvlR https://t.co/PKL8ZcVyKQ.
Cable Cowboy
Mark Robichaux
An inside look at a cable titan and his industry John Malone, hailed as one of the great unsung heroes of our age by some and reviled by others as a ruthless robber baron, is revealed as a bit of both in Cable Cowboy. For more than twenty-five years, Malone has dominated the cable television industry, shaping the world of entertainment and communications, first with his cable company TCI and later with Liberty Media. Written with Malone's unprecedented cooperation, the engaging narrative brings this controversial capitalist and businessman to life. Cable Cowboy is at once a penetrating portrait of Malone's complex persona, and a captivating history of the cable TV industry. Told in a lively style with exclusive details, the book shows how an unassuming copper strand started as a backwoods antenna service and became the digital nervous system of the U.S., an evolution that gave U.S. consumers the fastest route to the Internet. Cable Cowboy reveals the forces that propelled this pioneer to such great heights, and captures the immovable conviction and quicksilver mind that have defined John Malone throughout his career.20/ "A big operator like TCI could give a new network a big head start, and as valuable as its laid wires were, if the cable industry kept growing, the new networks now launching could be even more valuable." Cable Cowboy https://t.co/0KyE6kA6oN To be continued later today.
The Essential John Nash
John Nash
When people ask me for more theoretical material to read about the nature of the dispute between Wheezy and Birdman, I suggest they read "The Essential John Nash" which digs into Nash equilibrium" and "Nash bargaining." Get yourself a better BATNA baby! https://t.co/twfzaAKpaP
- A Dozen Lessons for Entrepreneurs shows how the insights of leading venture capitalists can teach readers to create a unique approach to building a successful business. By better understanding the views and experiences of a wide range of entrepreneurs, readers can discern which of many possible paths will lead to success.
@aGabrielJones @auren Started at zero in 1994. Seven years. Raised $1.3 billion. That 1994 was a while ago means bupkis when you are my age. You are mistaken about who pays a salary. Having the right VC is non-trivially important. My book is https://t.co/sQuRjtGtJn
The Road Ahead (Book & CD)
Bill Gates
Discusses the future of information technology and how these new technologies will change the way people work, learn, buy, and communicate with each other1/ "What is the best book about Microsoft as a business?" is a question I get asked a lot. The best account is chapter 3 in "The Road Ahead" written by Bill Gates. Perhaps I am biased because I helped with that book. The unauthorized biographies are incomplete and often fictional https://t.co/ZUhvM47YF7
Common Stocks and Uncommon Profits and Other Writings
Philip A. Fisher
Widely respected and admired, Philip Fisher is among the most influential investors of all time. His investment philosophies, introduced almost forty years ago, are not only studied and applied by today's financiers and investors, but are also regarded by many as gospel. This book is invaluable reading and has been since it was first published in 1958. The updated paperback retains the investment wisdom of the original edition and includes the perspectives of the author's son Ken Fisher, an investment guru in his own right in an expanded preface and introduction "I sought out Phil Fisher after reading his Common Stocks and Uncommon Profits...A thorough understanding of the business, obtained by using Phil's techniques...enables one to make intelligent investment commitments." —Warren Buffet9/ "The business grapevine is a remarkable thing. An accurate picture of the relative points of strength and weakness can be obtained from a representative cross-section of the opinions of those who in one way or another are concerned with any particular company.” Phil Fisher https://t.co/HvayPJzcxA
The Road Ahead (Book & CD)
Bill Gates
Discusses the future of information technology and how these new technologies will change the way people work, learn, buy, and communicate with each other@kylerhasson @yourMTLbroker Bill Gates wrote a few pages in his first book "The Road Ahead" about the business. I helped out with editorial suggestions on that book. The best first party account of what happened at Microsoft in terms of the business is this interview with Bill: https://t.co/HdBnavYUi8
- A Dozen Lessons for Entrepreneurs shows how the insights of leading venture capitalists can teach readers to create a unique approach to building a successful business. By better understanding the views and experiences of a wide range of entrepreneurs, readers can discern which of many possible paths will lead to success.
2/ As an example, I wrote 300 blog posts at 25iQ. To raise money for charity, I selected ~ 40 blog posts, removed them from the web and published them in traditional book format. The essays were professionally edited, but ~ the same. What's the difference? https://t.co/sQuRjtGtJn
The Innovative University: Changing the DNA of Higher Education from the Inside Out
Clayton M. Christensen
The Innovative University illustrates how higher education can respond to the forces of disruptive innovation , and offers a nuanced and hopeful analysis of where the traditional university and its traditions have come from and how it needs to change for the future. Through an examination of Harvard and BYU-Idaho as well as other stories of innovation in higher education, Clayton Christensen and Henry Eyring decipher how universities can find innovative, less costly ways of performing their uniquely valuable functions. Offers new ways forward to deal with curriculum, faculty issues, enrollment, retention, graduation rates, campus facility usage, and a host of other urgent issues in higher education Discusses a strategic model to ensure economic vitality at the traditional university Contains novel insights into the kind of change that is necessary to move institutions of higher education forward in innovative ways This book uncovers how the traditional university survives by breaking with tradition, but thrives by building on what it's done best.In his book "The Innovative University" Clayton Christensen explains that college is designed around four years to get a degree because at the time Harvard needed revenue from the extra year. https://t.co/1ob6nD3UgP
'wichcraft
Tom Colicchio
Shares the secrets behind the 'wichcraft restaurant group's spin on the sandwich, with recipes for all of their most popular offerings and essays on stocking the sandwich pantry, the architecture of a structurally sound sandwich, and much more.@liz99212638 https://t.co/h2r4ShJ4ca https://t.co/T5HjQ18jLa
Cable Cowboy
Mark Robichaux
An inside look at a cable titan and his industry John Malone, hailed as one of the great unsung heroes of our age by some and reviled by others as a ruthless robber baron, is revealed as a bit of both in Cable Cowboy. For more than twenty-five years, Malone has dominated the cable television industry, shaping the world of entertainment and communications, first with his cable company TCI and later with Liberty Media. Written with Malone's unprecedented cooperation, the engaging narrative brings this controversial capitalist and businessman to life. Cable Cowboy is at once a penetrating portrait of Malone's complex persona, and a captivating history of the cable TV industry. Told in a lively style with exclusive details, the book shows how an unassuming copper strand started as a backwoods antenna service and became the digital nervous system of the U.S., an evolution that gave U.S. consumers the fastest route to the Internet. Cable Cowboy reveals the forces that propelled this pioneer to such great heights, and captures the immovable conviction and quicksilver mind that have defined John Malone throughout his career.7/ One quaity I look for in a book is a real desire of the author to educate readers. I put writers like Michael Mauboussin and Jason Zweig at the top of my list on that dimension. Sometimes a great story makes the book valuable like Shoe Dog, Cable Cowboy or the Les Schwab book https://t.co/4q9idW3jeR
Margin of Safety
Seth A. Klarman
Tells how to avoid investment fads, explains the basic concepts of value-investment philosophy, and offers advice on portfolio management5/ Who said: "A margin of safety is [is intended to] allow for human error, bad luck, or extreme volatility in a complex, unpredictable and rapidly changing world.” Clue: He wrote a book with the title https://t.co/VYDwa1bYve Why is a used copy selling for more than $1,000?
A Dozen Lessons for Entrepreneurs
Tren Griffin
@zck Everyone knows that the only lists worth reading have a dozen lessons. https://t.co/xcJJ3XE9XU
The Warren Buffett Way
Robert G. Hagstrom
I recommend "The Warren Buffett Way" a book by author Robert Hagstrom. The first edition, published in 1994, sold over a million copies and spent 21 weeks on the New York Times Best Seller list. If you know anything about publishing business titles, that's a *lot* of books.
Ah Mo
Arthur Griffin
These never before published native legends from the Pacific Northwest were collected by Judge Arthur Griffin and have been passed down through the generations in the Griffin Family since 1884.@peg9136 The bedtime stories I was told as a child I rewrote in the form of a book entitled "Ah Mo." I rewrote the stories to make them less scary than the originals tho. 100% my book income goes to charity so there is no CAC or LTV! https://t.co/XvlsNuucsN
Shoe Dog
Phil Knight
In this candid and riveting memoir, for the first time ever, Nike founder and CEO Phil Knight shares the inside story of the company’s early days as an intrepid start-up and its evolution into one of the world’s most iconic, game-changing, and profitable brands. In 1962, fresh out of business school, Phil Knight borrowed $50 from his father and created a company with a simple mission: import high-quality, low-cost athletic shoes from Japan. Selling the shoes from the trunk of his lime green Plymouth Valiant, Knight grossed $8,000 his first year. Today, Nike’s annual sales top $30 billion. In an age of startups, Nike is the ne plus ultra of all startups, and the swoosh has become a revolutionary, globe-spanning icon, one of the most ubiquitous and recognizable symbols in the world today. But Knight, the man behind the swoosh, has always remained a mystery. Now, for the first time, in a memoir that is candid, humble, gutsy, and wry, he tells his story, beginning with his crossroads moment. At 24, after backpacking around the world, he decided to take the unconventional path, to start his own business—a business that would be dynamic, different. Knight details the many risks and daunting setbacks that stood between him and his dream—along with his early triumphs. Above all, he recalls the formative relationships with his first partners and employees, a ragtag group of misfits and seekers who became a tight-knit band of brothers. Together, harnessing the transcendent power of a shared mission, and a deep belief in the spirit of sport, they built a brand that changed everything.What are the best books and other resources that might help people manage cash better in their business right now? There must be many people thinking and worried about cash management this weekend. The best *story* about cash management might be Phil Knight's memoir Shoe Dog.
COMPLEXITY
M. Mitchell Waldrop
A look at the rebellious thinkers who are challenging old ideas with their insights into the ways countless elements of complex systems interact to produce spontaneous order out of confusionMunger has recommended people read a book entitled Deep Simplicity: Bringing Order to Chaos and Complexity by John Gribbon. Bill Gurley recommends this book https://t.co/LpEddeYM9g You might also read https://t.co/ABJCJV8kUV Knowing what you don't or can't know is very valuable. https://t.co/2lcHtd6bTx
Les Schwab Pride in Performance
Les Schwab
"It’s an interesting book, and, you know, selling tires, how do you make any money doing that?" Warren Buffett ~$25 used https://t.co/aiay1TLgfS
Korea in an era of growth
Trenholme J Griffin
@ScarrottKalani @Visage_1 @jmj I have written a book on Korea and Taiwan, but nothing specific yet on Japan. https://t.co/pZFBhB1VjN
Poor Charlie's Almanack
Charles T. Munger
@marty_wash 1. Poor Charlie's is a compilation of writing and speeches in the raw. 2. My book is a complete explanation of Charlie's system 3. Damn Right is a biography Each book is quite different.
Damn Right
Janet Lowe
Praise for Damn Right! From the author of the bestselling WARREN BUFFETT SPEAKS. . . "Charlie Munger, whose reputation is deep and wide, based on an extraordinary record of brilliantly successful business strategies, sees things that others don't. There is a method to his mastery and, through this book, we get a chance to learn about this rare individual." -MICHAEL EISNER, Chairman and CEO, The Walt Disney Company "Janet Lowe uncovers the iconoclastic genius and subtle charm behind Charlie Munger's curmudgeonly facade in this richly woven portrait of our era's heir to Ben Franklin. With a biographer's detachment, an historian's thoroughness, and a financial writer's common sense, Lowe produces a riveting account of the family, personal, and business life of the idiosyncratically complex and endlessly fascinating figure." -LAWRENCE CUNNINGHAM, Cardozo Law School, Author of The Essays of Warren Buffett: Lessons for Corporate America "For years, Berkshire Hathaway shareholders and investors worldwide (me included) have struggled to learn more about Warren Buffett's cerebral sidekick. Now we can rest and enjoy reading Janet Lowe's book about this rare intellectual jewel called Charlie Munger." -ROBERT G. HAGSTROM, Author of The Warren Buffett Way "Charlie has lived by the creed that one should live a life that doesn't need explaining. But his life should be explained. In a city where heroism is too often confused with celebrity, Charlie is a true hero and mentor. He lives the life lessons that he has studiously extracted from other true heroes and mentors, from Ben Franklin to Ben Graham. This book illuminates those life lessons." -RONALD L. OLSON, Munger, Tolles & Olson llp "Janet Lowe's unprecedented access to Charlie Munger and Warren Buffett has resulted in a first-class book that investors, academics, and CEOs will find entertaining and highly useful."-TIMOTHY P. VICK, Money Manager and Author of How to Pick Stocks Like Warren Buffett@marty_wash 1. Poor Charlie's is a compilation of writing and speeches in the raw. 2. My book is a complete explanation of Charlie's system 3. Damn Right is a biography Each book is quite different.
Money from Thin Air
O. Casey Corr
A portrait of visionary entrepreneur Craig McCaw discusses his seminal role in the development of the cellular communications industry and his latest work with Teledesic, a satellite network providing fast, economical worldwide Internet access. 20,000 first printing.@mgirdley It is not the book I would have written, but it is the only one that is available. T https://t.co/eltLynCCRy
Collected Stories (Everyman's Library)
W. Somerset Maugham
Thirty-one short stories which provide a rich view of Maugham's prolific talent, wide-ranging vision, and engaging style.@RampCapitalLLC W. Somerset Maugham Collected Stories. https://t.co/K3QO2QO2Dx "The adventures of his alter ego Ashenden, a writer who (like Maugham himself) turned secret agent in World War I, as well as in stories set in such locales as South Pacific islands and colonial outposts in SE Asia." https://t.co/8eg2IwR4jA
7 Powers
Hamilton Helmer
7 Powers details a strategy toolset that enables you to build an enduringly valuable company. It was developed by Hamilton Helmer drawing on his decades of experience as a strategy advisor, equity investor and Stanford University teacher. This is must reading for any business person and applies to all businesses, new or mature, large or small.1/ 25iQuiz: Can you name a business which typifies each of the "7 Powers" in the book of the same name? 1. Scale Economies 2. Network Economies 3. Counter-Positioning 4. Switching Costs 5. Branding 6. Cornered Resource 7. Process Power https://t.co/pdwHpWJhcb https://t.co/qxeP8iSG2M
GDP
Diane Coyle
Why did the size of the U.S. economy increase by 3 percent on one day in mid-2013—or Ghana's balloon by 60 percent overnight in 2010? Why did the U.K. financial industry show its fastest expansion ever at the end of 2008—just as the world’s financial system went into meltdown? And why was Greece’s chief statistician charged with treason in 2013 for apparently doing nothing more than trying to accurately report the size of his country’s economy? The answers to all these questions lie in the way we define and measure national economies around the world: Gross Domestic Product. This entertaining and informative book tells the story of GDP, making sense of a statistic that appears constantly in the news, business, and politics, and that seems to rule our lives—but that hardly anyone actually understands. Diane Coyle traces the history of this artificial, abstract, complex, but exceedingly important statistic from its eighteenth- and nineteenth-century precursors through its invention in the 1940s and its postwar golden age, and then through the Great Crash up to today. The reader learns why this standard measure of the size of a country’s economy was invented, how it has changed over the decades, and what its strengths and weaknesses are. The book explains why even small changes in GDP can decide elections, influence major political decisions, and determine whether countries can keep borrowing or be thrown into recession. The book ends by making the case that GDP was a good measure for the twentieth century but is increasingly inappropriate for a twenty-first-century economy driven by innovation, services, and intangible goods.@KyLaffoon If you have someone use GDP for what it isn't you get things like Lagarde saying low productivity to "be with us for a long time." Monetary economy excluding software, global supply chain isn't the economy https://t.co/fp2b7T77xf https://t.co/ykH78EcgBm https://t.co/egvC1HhFfv
More from Less
Andrew McAfee
From the coauthor of the New York Times bestseller The Second Machine Age, a compelling argument—masterfully researched and brilliantly articulated—that we have at last learned how to increase human prosperity while treading more lightly on our planet. Throughout history, the only way for humanity to grow was by degrading the Earth: chopping down forests, fouling the air and water, and endlessly digging out resources. Since the first Earth Day in 1970, the reigning argument has been that taking better care of the planet means radically changing course: reducing our consumption, tightening our belts, learning to share and reuse, restraining growth. Is that argument correct? Absolutely not. In More from Less, McAfee argues that to solve our ecological problems we don’t need to make radical changes. Instead, we need to do more of what we’re already doing: growing technologically sophisticated market-based economies around the world. How can he possibly make this claim? Because of the evidence. America—a large, high-tech country that accounts for about 25% of the global economy—is now generally using less of most resources year after year, even as its economy and population continue to grow. What’s more, the US is polluting the air and water less, emitting fewer greenhouse gases, and replenishing endangered animal populations. And, as McAfee shows, America is not alone. Other countries are also transforming themselves in fundamental ways. What has made this turnabout possible? One thing, primarily: the collaboration between technology and capitalism, although good governance and public awareness have also been critical. McAfee does warn of issues that haven’t been solved, like global warming, overfishing, and communities left behind as capitalism and tech progress race forward. But overall, More from Less is a revelatory, paradigm-shifting account of how we’ve stumbled into an unexpectedly better balance with nature—one that holds out the promise of more abundant and greener centuries ahead.@KyLaffoon If you have someone use GDP for what it isn't you get things like Lagarde saying low productivity to "be with us for a long time." Monetary economy excluding software, global supply chain isn't the economy https://t.co/fp2b7T77xf https://t.co/ykH78EcgBm https://t.co/egvC1HhFfv
Charlie Munger
Tren Griffin
This book presents the essential steps of Charlie Munger's investing strategy, condensed from interviews, speeches, writings, and shareholder letters and paired with commentary from fund managers, value investors, and business-case historians. Munger's approach is straightforward enough that ordinary investors can apply it to their portfolios.3/ When I was writing my Charlie Munger book https://t.co/PKL8ZcVyKQ I wanted the book to be funnier to make it easier to read. I asked a few people whether I should include a few jokes and they said "no." I included the jokes anyway. A book is personal. Write what *you* want.
- A Dozen Lessons for Entrepreneurs shows how the insights of leading venture capitalists can teach readers to create a unique approach to building a successful business. By better understanding the views and experiences of a wide range of entrepreneurs, readers can discern which of many possible paths will lead to success.
@pitdesi @micahjay1 I've written about many investors working at all stages and see themes but also see variations on those themes. I write about 37 venture capital investors in my book https://t.co/sQuRjtGtJn and there are more on https://t.co/9ecXnywrjR. I'm sure your style works for you.
Turtles All the Way Down
John Green
Aza Holmes, a high school student with obsessive-compulsive disorder, becomes focused on searching for a fugitive billionaire.@fxshaw @matvelloso The problem of infinite regress. https://t.co/4BvtZXDWB7
The Man Who Solved the Market
Gregory Zuckerman
Bestselling author and veteran Wall Street Journal reporter Zuckerman answers the question investors have been asking for decades: How did Jim Simons do it? Simons is the greatest money maker in modern financial history. His track record bests those of legendary investors including Warren Buffett, Peter Lynch, Ray Dalio, and George Soros..I just finished the new book on Jim Simons (The Man Who Solved the Market). It is quite a good story and well written. If you expect to learn very much new about how the Renaissance system works, you will likely be disappointed. My 25iQ post on that is: https://t.co/sbchvhnR1b
Charlie Munger
Tren Griffin
@asinghtoo https://t.co/HghQCVjDPF
More from Less
Andrew McAfee
From the coauthor of the New York Times bestseller The Second Machine Age, a paradigm-shifting argument “full of fascinating information and provocative insights” (Publishers Weekly, starred review)—demonstrating that we are increasing prosperity while using fewer natural resources. Throughout history, the only way for humanity to grow was by degrading the Earth: chopping down forests, polluting the air and water, and endlessly using up resources. Since the first Earth Day in 1970, the focus has been on radically changing course: reducing our consumption, tightening our belts, and learning to share and reuse. Is that argument correct? Absolutely not. In More from Less, McAfee argues that to solve our ecological problems we should do the opposite of what a decade of conventional wisdom suggests. Rather than reduce and conserve, we should rely on the cost-consciousness built into capitalism and the streamlining miracles of technology to create a more efficient world. America—a large, high-tech country that accounts for about 25% of the global economy—is now generally using less of most resources year after year, even as its economy and population continue to grow. What’s more, the US is polluting the air and water less, emitting fewer greenhouse gases, and replenishing endangered animal populations. And, as McAfee shows, America is not alone. Other countries are also transforming themselves in fundamental ways. What has made this turnabout possible? One thing, primarily: the collaboration between technology and capitalism, although good governance and public awareness have also been critical. McAfee does warn of issues that haven’t been solved, like global warming, overfishing, and communities left behind as capitalism and tech progress race forward. But overall, More from Less is a revelatory and “deeply engaging” (Booklist) account of how we’ve stumbled into an unexpectedly better balance with nature—one that holds out the promise of more abundant and greener centuries ahead.@TheStalwart @amcafee"More from Less: The Surprising Story of How We Learned to Prosper Using Fewer Resources―and What Happens Next" https://t.co/7QzubDrn1X