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1
Hard Drive: Bill Gates and the Making of the Microsoft Empire
James Wallace and Jim Erickson
4.4
This biography chronicles William Gates' rise as the most powerful player in the computer industry--a man who has revolutionized the software industry with the incredible growth of his Microsoft company, that now threatens gigantic IBM. Reveals Gates' personal quirks and idiosyncrasies which helped fuel his fierce competitive spirit. Interviews Gates' closest friends, associates and former employees, and details IBM's as well as Apples' efforts to topple his Microsoft empire.
John D. Rockefeller, Sr.--history's first billionaire and the patriarch of America's most famous dynasty--is an icon whose true nature has eluded three generations of historians. Now Ron Chernow, the National Book Award-winning biographer of the Morgan and Warburg banking families, gives us a history of the mogul "etched with uncommon objectivity and literary grace . . . as detailed, balanced, and psychologically insightful a portrait of the tycoon as we may ever have" (Kirkus Reviews). Titan is the first full-length biography based on unrestricted access to Rockefeller's exceptionally rich trove of papers. A landmark publication full of startling revelations, the book will indelibly alter our image of this most enigmatic capitalist. Born the son of a flamboyant, bigamous snake-oil salesman and a pious, straitlaced mother, Rockefeller rose from rustic origins to become the world's richest man by creating America's most powerful and feared monopoly, Standard Oil. Branded "the Octopus" by legions of muckrakers, the trust refined and marketed nearly 90 percent of the oil produced in America. Rockefeller was likely the most controversial businessman in our nation's history. Critics charged that his empire was built on unscrupulous tactics: grand-scale collusion with the railroads, predatory pricing, industrial espionage, and wholesale bribery of political officials. The titan spent more than thirty years dodging investigations until Teddy Roosevelt and his trustbusters embarked on a marathon crusade to bring Standard Oil to bay. While providing abundant new evidence of Rockefeller's misdeeds, Chernow discards the stereotype of the cold-blooded monster to sketch an unforgettably human portrait of a quirky, eccentric original. A devout Baptist and temperance advocate, Rockefeller gave money more generously--his chosen philanthropies included the Rockefeller Foundation, the University of Chicago, and what is today Rockefeller University--than anyone before him. Titan presents a finely nuanced portrait of a fascinating, complex man, synthesizing his public and private lives and disclosing numerous family scandals, tragedies, and misfortunes that have never before come to light. John D. Rockefeller's story captures a pivotal moment in American history, documenting the dramatic post-Civil War shift from small business to the rise of giant corporations that irrevocably transformed the nation. With cameos by Joseph Pulitzer, William Randolph Hearst, Jay Gould, William Vanderbilt, Ida Tarbell, Andrew Carnegie, Carl Jung, J. Pierpont Morgan, William James, Henry Clay Frick, Mark Twain, and Will Rogers, Titan turns Rockefeller's life into a vivid tapestry of American society in the late nineteenth and early twentieth centuries. It is Ron Chernow's signal triumph that he narrates this monumental saga with all the sweep, drama, and insight that this giant subject deserves.
A biography has to be really good to make read you all 800 pages. To me, this was one of those books. Since reading it earlier this year, I’ve since found out it is the favorite book of a lot of people I respect. I think something about the quality of the writing and the empathic understanding of the writer that the main lessons you would take away from someone like Rockefeller would not be business, but life lessons. In fact, when I went back through and took notes on this book, I filled out more cards for Stoicism than I did for Strategy, Business or Money. I found Rockefeller to be strangely stoic, incredibly resilient and, despite his reputation as a robber baron, humble and compassionate. Most people get WORSE as they get successful, many more get worse as they age. Rockefeller did neither of these things, he grew more open-minded the older he became, more generous, more pious, more dedicated to making a difference. Does that excuse the “awful” things that he did? Well, the things he did really weren’t that awful so yes. (By that I mean I’d certainly choose him over the robber barons of this age like Zuckerberg or Murdoch.) [source]
Under Andy Grove's leadership, Intel has become the world's largestchipmaker, the fifth-most-admired company in America, and theseventh-most-profitable company among the Fortune 500. You don't achieverankings like these unless you have mastered a rare understanding of the art ofbusiness and an unusual way with its practice.Few CEOs can claim this level of consistent record-breaking success. Groveattributes much of this success to the philosophy and strategy he reveals in "Only the Paranoid Survive--" a book that is unique in leadership annalsfor offering a bold new business measure, and for taking the reader deep insidethe workings of a major corporation.
Grove's contribution to business thinking concerns a new way of measuring thenightmare moment every leader dreads--the moment when massive change occurs andall bets are off. The success you had the day before is gone, destroyed byunforeseen changes that hit like a stage-six rapid. Grove calls such momentsStrategic Inflection Points, and he has lived through several. When SlPs hit, all rules of business shift fast, furiously, and forever. SlPs can be set offby almost anything--megacompetition, an arcane change in regulations, or aseemingly modest change in technology.
Yet in the watchful leader's hand, SlPs can be an ace. Managed right, a companycan turn a SIP into a positive force to win in the marketplace and emergestronger than ever.
To achieve that level of mastery over change, you must know its propertiesinside and out. Grove addresses questions such as these: What are the stages ofthese tidal waves? What sources do you turn to in order to foresee dangersbefore trouble announces itself? When threats abound, how do you dealwith youremotions, your calendar, your career--as well as with your most loyal managersand customers, who may cling to tradition?
No stranger to risk, Grove examines his own record of success and failure, including the drama of how he navigated the events of the Pentium flaw, whichthreatened Intel in a major way, and how he is dealing with the SIP brought onby the Internet. The work of a lifetime of reflection, "Only the ParanoidSurvive" is a contemporary classic of leadership skills.
"This terrific book is a dangerous book. It will make people think." --Peter Drucker
"This books is about one super-important concept. You must learn about Strategic Inflection Points, because sooner or later you are going to live through one." --Steve Jobs, Pixar Animation Studios
In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time -- none, zero. You'd be amazed at how much Warren reads -- and at how much I read. My children laugh at me. They think I'm a book with a couple of legs sticking out. [source]
This book is about one super-important concept. You must learn about Strategic Inflection Points, because sooner or later you are going to live through one. [source]
”It is impossible to produce superior performance unless you do something different.” — John Templeton
What makes a successful CEO? Most people call to mind a familiar definition: a seasoned manager with deep industry expertise. Others might point to the qualities of today’s so-called celebrity CEOs—charisma, virtuoso communication skills, and a confident management style. But what really matters when you run an organization? What is the hallmark of exceptional CEO performance? Quite simply, it is the returns for the shareholders of that company over the long term.
In this refreshing, counterintuitive book, author Will Thorndike brings to bear the analytical wisdom of a successful career in investing, closely evaluating the performance of companies and their leaders. You will meet eight individualistic CEOs whose firms’ average returns outperformed the S&P 500 by a factor of twenty—in other words, an investment of $10,000 with each of these CEOs, on average, would have been worth over $1.5 million twenty-five years later. You may not know all their names, but you will recognize their companies: General Cinema, Ralston Purina, The Washington Post Company, Berkshire Hathaway, General Dynamics, Capital Cities Broadcasting, TCI, and Teledyne. In The Outsiders, you’ll learn the traits and methods—striking for their consistency and relentless rationality—that helped these unique leaders achieve such exceptional performance.
Humble, unassuming, and often frugal, these "outsiders” shunned Wall Street and the press, and shied away from the hottest new management trends. Instead, they shared specific traits that put them and the companies they led on winning trajectories: a laser-sharp focus on per share value as opposed to earnings or sales growth; an exceptional talent for allocating capital and human resources; and the belief that cash flow, not reported earnings, determines a company’s long-term value.
Drawing on years of research and experience, Thorndike tells eye-opening stories, extracting lessons and revealing a compelling alternative model for anyone interested in leading a company or investing in one—and reaping extraordinary returns.
In his 2012 shareholder letter, Buffett praises The Outsiders as "an outstanding book about CEOs who excelled at capital allocation." Berkshire Hathaway plays a major role in the book. One chapter is on director Tom Murphy, who Buffett says is "overall the best business manager I've ever met." [source]
Thorndike explores the importance of thoughtful capital allocation through the stories of eight successful CEOs. A good read for any business leader but especially those willing to chart their own course [source]
Austen Allred
This is the best book on being a CEO I’ve ever read https://t.co/snoEVOqJGk https://t.co/GUsZNlnlpn [source]
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5
In the Plex: How Google Thinks, Works, and Shapes Our Lives
Steven Levy
4.1
Written with full cooperation from top management, including cofounders Sergey Brin and Larry Page, this is the inside story behind Google, the most successful and most admired technology company of our time, told by one of our best technology writers.
Few companies in history have ever been as successful and as admired as Google, the company that has transformed the Internet and become an indispensable part of our lives. How has Google done it? Veteran technology reporter Steven Levy was granted unprecedented access to the company, and in this revelatory book he takes readers inside Google headquarters—the Googleplex—to show how Google works.
While they were still students at Stanford, Google cofounders Larry Page and Sergey Brin revolutionized Internet search. They followed this brilliant innovation with another, as two of Google’s earliest employees found a way to do what no one else had: make billions of dollars from Internet advertising. With this cash cow, Google was able to expand dramatically and take on other transformative projects: more efficient data centers, open-source cell phones, free Internet video (YouTube), cloud computing, digitizing books, and much more.
The key to Google’s success in all these businesses, Levy reveals, is its engineering mind-set and adoption of such Internet values as speed, openness, experimentation, and risk taking. After its unapologetically elitist approach to hiring, Google pampers its engineers—free food and dry cleaning, on-site doctors and masseuses—and gives them all the resources they need to succeed. Even today, with a workforce of more than 23,000, Larry Page signs off on every hire.
But has Google lost its innovative edge? With its newest initiative, social networking, Google is chasing a successful competitor for the first time. Some employees are leaving the company for smaller, nimbler start-ups. Can the company that famously decided not to be evil still compete?
No other book has ever turned Google inside out as Levy does with In the Plex.
I’m currently reading “In the Plex: How Google Thinks, Works and Shapes Our Life" and am excited on gaining more insight into how google is changing the world and hopefully to get some valuable understanding I can use to maximize business decisions and read future trends while assessing investment opportunities for my company, ABM Investments. [source]
Bill Slawski
In The Plex is a great introduction to Google, and the many who work there. I knew many by the patents they file, so it was good to learn more about them as people. Some good insights to some algorithms in the book, too. https://t.co/TVz7GsD8nX [source]
Influence, the classic book on persuasion, explains the psychology of why people say "yes"—and how to apply these understandings. Dr. Robert Cialdini is the seminal expert in the rapidly expanding field of influence and persuasion. His thirty-five years of rigorous, evidence-based research along with a three-year program of study on what moves people to change behavior has resulted in this highly acclaimed book.
You'll learn the six universal principles, how to use them to become a skilled persuader—and how to defend yourself against them. Perfect for people in all walks of life, the principles of Influence will move you toward profound personal change and act as a driving force for your success.
Inheriting the mantle of revolutionary biologist from Darwin, Watson, and Crick, Richard Dawkins forced an enormous change in the way we see ourselves and the world with the publication of The Selfish Gene. Suppose, instead of thinking about organisms using genes to reproduce themselves, as we had since Mendel's work was rediscovered, we turn it around and imagine that "our" genes build and maintain us in order to make more genes. That simple reversal seems to answer many puzzlers which had stumped scientists for years, and we haven't thought of evolution in the same way since.
Why are there miles and miles of "unused" DNA within each of our bodies? Why should a bee give up its own chance to reproduce to help raise her sisters and brothers? With a prophet's clarity, Dawkins told us the answers from the perspective of molecules competing for limited space and resources to produce more of their own kind. Drawing fascinating examples from every field of biology, he paved the way for a serious re-evaluation of evolution. He also introduced the concept of self-reproducing ideas, or memes, which (seemingly) use humans exclusively for their propagation. If we are puppets, he says, at least we can try to understand our strings. --Rob Lightner
recommends this book in the second edition of Poor Charlie’s Almanack. [source]
Matt Ridley
Turned evolutionary biology on its head and was written like a great detective story. [source]
Phil Libin
CEO/Evernote
Had a profound influence on me pretty early on. [source]
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8
How the Scots Invented the Modern World: The True Story of How Western Europe's Poorest Nation Created Our World & Everything in It
Arthur Herman
4.3
Who formed the first literate society? Who invented our modern ideas of democracy and free market capitalism? The Scots. As historian and author Arthur Herman reveals, in the eighteenth and nineteenth centuries Scotland made crucial contributions to science, philosophy, literature, education, medicine, commerce, and politics—contributions that have formed and nurtured the modern West ever since. This book is not just about Scotland: it is an exciting account of the origins of the modern world. No one who takes this incredible historical trek will ever view the Scots—or the modern West—in the same way again.
A lot of really important stuff like: the first modern nation, the first literate society, the ideas for (modern) democracy and free markets, all originated with the Scots. [source]
Raluca Radu
In terms of business, some of the must-read books I would mention are Hooked by Nir Eyal, Web Analytics: An Hour A Day by Avinash Kaushik, Call To Action and Always Be Testing by Bryan Eisenberg, Epic Content Marketing by Joe Pulizzi, How To Build Websites That Sell by Peep Laja, Content Chemistry by Andy Crestodina. [source]
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9
Faraday, Maxwell, and the Electromagnetic Field: How Two Men Revolutionized Physics
Nancy Forbes and Basil Mahon
4.4
The story of two brilliant nineteenth-century scientists who discovered the electromagnetic field, laying the groundwork for the amazing technological and theoretical breakthroughs of the twentieth century.
Two of the boldest and most creative scientists of all time were Michael Faraday (1791-1867) and James Clerk Maxwell (1831-1879). This is the story of how these two men - separated in age by forty years - discovered the existence of the electromagnetic field and devised a radically new theory which overturned the strictly mechanical view of the world that had prevailed since Newton's time.
The authors, veteran science writers with special expertise in physics and engineering, have created a lively narrative that interweaves rich biographical detail from each man's life with clear explanations of their scientific accomplishments. Faraday was an autodidact, who overcame class prejudice and a lack of mathematical training to become renowned for his acute powers of experimental observation, technological skills, and prodigious scientific imagination. James Clerk Maxwell was highly regarded as one of the most brilliant mathematical physicists of the age. He made an enormous number of advances in his own right. But when he translated Faraday's ideas into mathematical language, thus creating field theory, this unified framework of electricity, magnetism and light became the basis for much of later, 20th-century physics.
Faraday's and Maxwell's collaborative efforts gave rise to many of the technological innovations we take for granted today - from electric power generation to television, and much more. Told with panache, warmth, and clarity, this captivating story of their greatest work - in which each played an equal part - and their inspiring lives will bring new appreciation to these giants of science.
It's a combination of scientific biography and explanation of the physics, particularly relating to electricity. It's just the best book of its kind I have ever read, and I just hugely enjoyed it. Couldn't put it down. It was a fabulous human achievement. And neither of the writers is a physicist. [source]
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10
Getting to Yes: Negotiating Agreement Without Giving in
The key text on problem-solving negotiation-updated and revised
Getting to Yes has helped millions of people learn a better way to negotiate. One of the primary business texts of the modern era, it is based on the work of the Harvard Negotiation Project, a group that deals with all levels of negotiation and conflict resolution.
Getting to Yes offers a proven, step-by-step strategy for coming to mutually acceptable agreements in every sort of conflict. Thoroughly updated and revised, it offers readers a straight- forward, universally applicable method for negotiating personal and professional disputes without getting angry-or getting taken.
…
Recommended by Charles T. Munger, Drew Houston, Dustin Moskovitz, and 8 others.
recommends this title in the book "Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger". [source]
Drew Houston
CEO/Dropbox
About principled negotiation, and I still think about and apply a lot of those concepts today. [source]
Dustin Moskovitz
Co-founder/Facebook and Asana
Dustin Moskovitz recommended this book on Twitter. [source]
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11
Genome: The Autobiography of a Species In 23 Chapters
Matt Ridley
4.3
The human genome, the complete set of genes housed in twenty-three pairs of chromosomes, is nothing less than an autobiography of our species. Spelled out in a billion three-letter words using the four-letter alphabet of DNA, the genome has been edited, abridged, altered and added to as it has been handed down, generation to generation, over more than three billion years. With the first draft of the human genome due to be published in 2000, we, this lucky generation, are the first beings who are able to read this extraordinary book and to gain hitherto unimaginable insights into what it means to be alive, to be human, to be conscious or to be ill.
By picking one newly discovered gene from each of the twenty-three human chromosomes and telling its story, Matt Ridley recounts the history of our species and its ancestors from the dawn of life to the brink of future medicine. He finds genes that we share with bacteria, genes that distinguish us from chimpanzees, genes that can condemn us to cruel diseases, genes that may influence our intelligence, genes that enable us to use grammatical language, genes that guide the development of our bodies and our brains, genes that allow us to remember, genes that exhibit the strange alchemy of nature and nurture, genes that parasitise us for their own selfish ends, genes that battle with one another and genes that record the history of human migrations. From Huntington's disease to cancer, he explores the applications of genetics: the search for understanding and therapy, the horrors of eugenics and the philosophical implications for understanding the paradox of free will.
This book aims to tell a history of humanity from the perspective of genetics rather than sociology. This should complement the other broad histories I've read this year, as well as follow "Energy" well in focusing on science. I've wanted to read Matt Ridley's books for a while. His recent book "The Rational Optimist" about how progress and the economy evolve is also near the top of my ever-growing pile of books to read. [source]
Explaining what William McNeill called The Rise of the West has become the central problem in the study of global history. In Guns, Germs, and Steel Jared Diamond presents the biologist's answer: geography, demography, and ecological happenstance. Diamond evenhandedly reviews human history on every continent since the Ice Age at a rate that emphasizes only the broadest movements of peoples and ideas. Yet his survey is binocular: one eye has the rather distant vision of the evolutionary biologist, while the other eye--and his heart--belongs to the people of New Guinea, where he has done field work for more than 30 years.
Fascinating.... Lays a foundation for understanding human history. [source]
Daniel Ek
A brilliant Pulitzer Prize-winning book about how the modern world was formed, analyzing how societies developed differently on different continents. [source]
I’m a fan of books that challenge our assumptions, and Diamond offers us a new and remarkably simple way of looking at our world. Learning to challenge existing assumptions is core to effective leadership for it trains us to keep an open mind. [source]
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13
Ice Age
John Gribbin, Mary Gribbin
4.2
On 24 June, 1837 Louis Agassiz stunned the learned members of the Swiss Society of Natural Sciences by addressing them, in his role as President, not with an anticipated lecture on fossil fishes, but with a passionate presentation on the existence of Ice Ages. No one was convinced. He even dragged the reluctant members of the Society up into the mountains to see the evidence for themselves, pointing out the scars on the hard rocks left by glaciation (which some of those present tried to explain away as having been produced by the wheels of passing carriages). Extraordinarily, it would take a further 140 years before the Ice Age theory was fully proved and understood.
(The) best work of science exposition and history that I've read in many years! [source]
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14
The Third Chimpanzee: The Evolution & Future of the Human Animal
Jared M. Diamond
4.3
A provocative look at mankind's evolution from the ape into the complex creature we call human. By standards of other animals, our powerful civilization appears unique. So do many of our behaviors, including our sexual habits and the ways we select mates. Yet in many respects we are merely another species of ape--our genes are more than 98% identical to those of chimpanzees. 25 line drawings and halftones.
Deep Simplicity: Bringing Order to Chaos and Complexity
John Gribbin
4.3
Over the past two decades, no field of scientific inquiry has had a more striking impact across a wide array of disciplines–from biology to physics, computing to meteorology–than that known as chaos and complexity, the study of complex systems. Now astrophysicist John Gribbin draws on his expertise to explore, in prose that communicates not only the wonder but the substance of cutting-edge science, the principles behind chaos and complexity. He reveals the remarkable ways these two revolutionary theories have been applied over the last twenty years to explain all sorts of phenomena–from weather patterns to mass extinctions.
Grounding these paradigm-shifting ideas in their historical context, Gribbin also traces their development from Newton to Darwin to Lorenz, Prigogine, and Lovelock, demonstrating how–far from overturning all that has gone before–chaos and complexity are the triumphant extensions of simple scientific laws. Ultimately, Gribbin illustrates how chaos and complexity permeate the universe on every scale, governing the evolution of life and galaxies alike.
… it's pretty hard to understand everything, but if you can't understand it, you can always give it to a more intelligent friend. [source]
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Fiasco: The Inside Story of a Wall Street Trader
Frank Partnoy
4.0
"Fiasco" is the shocking story of one man's education in the jungles of Wall Street. As a young derivatives salesman at Morgan Stanley, Frank Partnoy learned to buy and sell billions of dollars worth of securities that were so complex many traders themselves didn't understand them. In his behind-the-scenes look at the trading floor and the offices of one of the world's top investment firms, Partnoy recounts the macho attitudes and fiercely competitive ploys of his office mates. And he takes us to the annual drunken skeet-shooting competition, FIASCO, where he and his colleagues sharpen the killer instincts they are encouraged to use against their competitiors, their clients, and each other. "Fiasco" is the first book to take on the derivatves trading industry--the most highly charged and risky sector of the stock market. More importantly, it is a blistering indictment of the largely unregulated market in derivatives and serves as a warning to unwary investors about real fiascos, which have cost billions of dollars.
I remember reading this shocking book and thinking, holy shit. This book will make you sick. [source]
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17
Models Of My Life
Herbert A Simon
4.2
The author reviews his life as a Nobel laureate in economics and his role as the father of artificial intelligence and asks himself how his life as a scientist helps explain his own behavior.
An autobiography of Nobel laureate Herbert A. Simon, a remarkable polymath who more people should know about. In an age of increasing specialization, he’s a rare generalist — applying what he learned as a scientist to other aspects of his life. Crossing disciplines, he was at the intersection of “information sciences.” He won the Nobel for his theory of “bounded rationality,” and is perhaps best known for his insightful quote “A wealth of information creates a poverty of attention.” [source]
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18
The Wealth and Poverty of Nations: Why Some Are So Rich and Some So Poor
David S. Landes
4.2
David S. Landes tells the long, fascinating story of wealth and power throughout the world: the creation of wealth, the paths of winners and losers, the rise and fall of nations. He studies history as a process, attempting to understand how the world's cultures lead to - or retard - economic and military success and material achievement. Countries of the West, Landes asserts, prospered early through the interplay of a vital, open society focused on work and knowledge, which led to increased productivity, the creation of new technologies, and the pursuit of change. Europe's key advantage lay in invention and know-how, as applied in war, transportation, generation of power, and skill in metalwork. Even such now banal inventions as eyeglasses and the clock were, in their day, powerful levers that tipped the balance of world economic power. Today's new economic winners are following much the same roads to power, while the laggards have somehow failed to duplicate this crucial formula for success. The key to relieving much of the world's poverty lies in understanding the lessons history has to teach us - lessons uniquely imparted in this towering work of history.
He provides an explanation for why Western Europe was the cradle for modern economic growth and looks at the development of the institutions that made modern economic development possible. [source]
Landes argues, for example, that the most significant invention of the last 800 years was the mechanical clock, because until you…can reliably subdivide time, you can’t have capitalism [source]
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19
Living Within Limits: Ecology, Economics, and Population Taboos /
HARDIN
4.0
We fail to mandate economic sanity, " writes Garrett Hardin, "because our brains are addled by...compassion." With such startling assertions, Hardin has cut a swathe through the field of ecology for decades, winning a reputation as a fearless and original thinker. A prominent biologist, ecological philosopher, and keen student of human population control, Hardin now offers the finest summation of his work to date, with an eloquent argument for accepting the limits of the earth's resources - and the hard choices we must make to live within them. In Living Within Limits, Hardin focuses on the neglected problem of overpopulation, making a forceful case for dramatically changing the way we live in and manage our world. Our world itself, he writes, is in the dilemma of the lifeboat: it can only hold a certain number of people before it sinks - not everyone can be saved. The old idea of progress and limitless growth misses the point that the earth (and each part of it) has a limited carrying capacity; sentimentality should not cloud our ability to take necessary steps to limit population. But Hardin refutes the notion that goodwill and voluntary restraints will be enough. Instead, nations where population is growing must suffer the consequences alone. Too often, he writes, we operate on the faulty principle of shared costs matched with private profits. In Hardin's famous essay, "The Tragedy of the Commons, " he showed how a village common pasture suffers from overgrazing because each villager puts as many cattle on it as possible - since the costs of grazing are shared by everyone, but the profits go to the individual. The metaphor applies to global ecology, he argues, making a powerful casefor closed borders and an end to immigration from poor nations to rich ones. "The production of human beings is the result of very localized human actions; corrective action must be local....Globalizing the 'population problem' would only ensure that it would never be solved." Hard
It is a summary of the major things Hardin has learned in a lifetime. He is a real thinker. That is a fabulous book … I advise you to read it twice (which I did)... because it is the condensed wisdom of a very smart man. [source]
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20
A Matter of Degrees: What Temperature Reveals abt Past Future Our Species PlanetUniverse
Gino Segre
4.0
Of the three fundamental methods of measurement-time, length, and temperature-Gino Segrè is convinced that temperature is not only the most subtle but also the most revealing. In this engaging, insightful book, Segrè, a distinguished theoretical physicist, makes his lifelong fascination with temperature the organizing theme of a wide-ranging journey through science, history, and culture.
A graceful writer and a nimble synthesizer, Segrè explores how temperature (which we have only recently succeeded in measuring) is bound up with the very essence of both life and inert matter. Why is the internal temperature of most mammals fixed at 98.6 degrees, no matter what climate they inhabit? What do the hydrothermal vents on the ocean floor reveal about the history of our planet? Why has temperature proved to be so much more difficult to measure than distance and time? How does the quest to reach absolute zero relate to the problem of superconductivity in quantum physics? In answering these and hundreds of other temperature-sensitive questions, Segrè unfolds a narrative that is at once compelling, surprising, and brilliantly associative.
A wonderful synthesis of science, history, and imagination, A Matter of Degrees uses deep, detailed knowledge of particular fields to open up the big scientific questions of our time.
In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time—none. Zero. You'd be amazed at how much Warren reads—and how much I read. My children laugh at me. They think I'm a book with a couple of legs sticking out. [source]
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21
The Warren Buffett Portfolio
Robert G. Hagstrom
4.1
The Warren Buffett Way provided the first look into the strategies that the master uses to pick stocks. A New York Times bestseller, it is a valuable and practical primer on the principles behind the remarkable investment run of the famed oracle of Omaha. In this much-awaited companion to that book, author Robert Hagstrom takes the next logical step, revealing how to profitably manage stocks once you select them. THE WARREN BUFFETT PORTFOLIO will help you through the process of building a superior portfolio and managing the stocks going forward.
Building a concentrated portfolio is critical for investment success. THE WARREN BUFFETT PORTFOLIO introduces the next wave of investment strategy, called focus investing. A comprehensive investment strategy used with spectacular results by Buffett, focus investing directs investors to select a concentrated group of businesses by examining their management and financial positions as compared to their stock prices. A strategy that has historically outperformed the market, focus investing is based on the principle that a shareholder's return from owning a stock is ultimately determined by the economics of the underlying business.
Hagstrom explains in easy-to-understand terms exactly what focus investing is, how it works, and how it can be applied by any investor at any level of experience. He demonstrates how Buffett arranges his stocks in a focus portfolio and reveals why this is as responsible for his incredible returns as the individual stocks he picks. Ultimately, Hagstrom shows how to use this technique to build and manage a portfolio to achieve the best possible results.
This masterful biography of a giant of American industry--the first full life of Andrew Carnegie in more than a generation--triumphantly reveals every aspect of the man's complex personality and fabulous career. So varied were Carnegie's activities in industry, politics, education, philanthropy, and pacifism that his life encompasses much of the general history of the United States and of Great Britain down to the outbreak of World War I. Professor Wall is particularly successful in capturing the excitement of America's dynamic period of business expansion in the generation after the Civil War.
Carnegie the man remains at the center of the book--impulsive, haughty, idealistic, warm, loyal, and shrewd--and the drama of his life from telegraph boy to millionaire philanthropist is emphasized. His Scottish background is thoroughly investigated: Professor Wall is concerned throughout with Carnegie's attempts to reconcile his spectacular business success and position in the American plutocracy with the egalitarian and Radical Chartist ideas of his family and youth.
Carnegie's letterbooks and early business files, in the possession of the United States Steel Corporation and until now inaccessible to historians, were made available to the author. This vital and valuable collection of records is unsurpassed in its revelation of how Carnegie's own corporations operated, and also as an actual example of the development of a great American industry. Dr. Wall also consulted the huge collection of Carnegie material in the Library of Congress and the papers of Carnegie's business secretary, Robert Franks. Carnegie's daughter, Mrs. Roswell Miller, was kind enough to allow Professor Wall to read the private correspondence between Andrew Carnegie and his wife Louise, also not previously available to scholars.
The epic, highly-charged relationship between Carnegie and Henry Clay Frick emerges brilliantly, and the story of Carnegie's ventures in oil, railroad building, telegraphy, and iron and steel is clearly and fully presented. The book gives place also to a myriad of fascinating figures in America and Europe, including William Gladstone, Matthew Arnold, and Herbert Spencer in England, and J. P. Morgan, George Pullman, Mark Twain, William Jennings Bryan, Booker T. Washington, and Presidents Lincoln, McKinley, Theodore Roosevelt, and Wilson in America. It has much to say also about the impact of the Civil War on American industrialism, industrial statesmen and robber barons, and the influence of Social Darwinism on the business community.
This rounded, honest biography, while compassionate, does not hesitate to call Carnegie to task for some of his financial dealings, his often arbitrary personal relationships and his occasional hypocrisy, or to show him at his worst--when dealing with the tragic Homestead strike of 1892. But the reader takes from the book a full understanding of why to so many Americans Carnegie's death meant the end of an era in American history.
In this stunning new book, Malcolm Gladwell takes us on an intellectual journey through the world of "outliers"--the best and the brightest, the most famous and the most successful. He asks the question: what makes high-achievers different?
His answer is that we pay too much attention to what successful people are like, and too little attention to where they are from: that is, their culture, their family, their generation, and the idiosyncratic experiences of their upbringing. Along the way he explains the secrets of software billionaires, what it takes to be a great soccer player, why Asians are good at math, and what made the Beatles the greatest rock band.
Gladwell is not the first person to come up with the 10,000 hour rule. Nor is he the first person to document what it takes to become the best in the world at something. But his stories are so great as he explains these deep concepts. How did the Beatles become the best? Why are professional hockey players born in January, February and March? And so on. [source]
Alex Circei
Question: What five books would you recommend to young people interested in your career path & why? Answer: Screw It, Let's Do It: Lessons In Life by Richard Branson Outliers: The Story of Success by Malcolm Gladwell Start With Why: How Great Leaders Inspire Everyone To Take Action by Simon Sinek The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers by Ben Horowitz Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki [source]
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25
Seeking Wisdom: From Darwin To Munger
Peter Bevelin
4.3
Peter Bevelin begins his fascinating book with Confucius' great wisdom: "A man who has committed a mistake and doesn't correct it, is committing another mistake." Seeking Wisdom is the result of Bevelin's learning about attaining wisdom. His quest for wisdom originated partly from making mistakes himself and observing those of others but also from the philosophy of super-investor and Berkshire Hathaway Vice Chairman Charles Munger. A man whose simplicity and clarity of thought was unequal to anything Bevelin had seen.
In addition to naturalist Charles Darwin and Munger, Bevelin cites an encyclopedic range of thinkers: from first-century BCE Roman poet Publius Terentius to Mark Twainfrom Albert Einstein to Richard Feynmanfrom 16th Century French essayist Michel de Montaigne to Berkshire Hathaway Chairman Warren Buffett. In the book, he describes ideas and research findings from many different fields.
This book is for those who love the constant search for knowledge. It is in the spirit of Charles Munger, who says, "All I want to know is where I'm going to die so I'll never go there." There are roads that lead to unhappiness. An understanding of how and why we can "die" should help us avoid them. We can't eliminate mistakes, but we can prevent those that can really hurt us.
Using exemplars of clear thinking and attained wisdom, Bevelin focuses on how our thoughts are influenced, why we make misjudgments and tools to improve our thinking. Bevelin tackles such eternal questions as: Why do we behave like we do? What do we want out of life? What interferes with our goals?
Read and study this wonderful multidisciplinary exploration of wisdom. It may change the way you think and act in business and in life.
A wonderful book on wisdom and decision-making written by a wise decision-maker. This is the kind of book you read first, then leave by your bedside and re-read a bit every day, so you can slowly soak up the wisdom. It is sort of Montaigne but applied to business, with a great investigation of the psychological dimension of decision-making. I like the book for many reasons --the main one is that it was written by a practitioner who knows what he wants, not by an academic. Enjoy it. [source]
A great overview of the lessons of Charlie Munger (partner of Warren Buffett) - and his approach to checklists of multi-disciplinary models to guide clear thinking. [source]
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26
The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns
The best-selling investing "bible" offers new information, new insights, and new perspectives
The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund pioneer John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks a broad stock market Index such as the S&P 500.
While the stock market has tumbled and then soared since the first edition of Little Book of Common Sense was published in April 2007, Bogle's investment principles have endured and served investors well. This tenth anniversary edition includes updated data and new information but maintains the same long-term perspective as in its predecessor.
Bogle has also added two new chapters designed to provide further guidance to investors: one on asset allocation, the other on retirement investing.
A portfolio focused on index funds is the only investment that effectively guarantees your fair share of stock market returns. This strategy is favored by Warren Buffett, who said this about Bogle: "If a statue is ever erected to honor the person who has done the most for American investors, the hands-down choice should be Jack Bogle. For decades, Jack has urged investors to invest in ultra-low-cost index funds. . . . Today, however, he has the satisfaction of knowing that he helped millions of investors realize far better returns on their savings than they otherwise would have earned. He is a hero to them and to me."
Bogle shows you how to make index investing work for you and help you achieve your financial goals, and finds support from some of the world's best financial minds: not only Warren Buffett, but Benjamin Graham, Paul Samuelson, Burton Malkiel, Yale's David Swensen, Cliff Asness of AQR, and many others.
This new edition of TheLittle Book of Common Sense Investing offers you the same solid strategy as its predecessor for building your financial future.
Build a broadly diversified, low-cost portfolio without the risks of individual stocks, manager selection, or sector rotation. Forget the fads and marketing hype, and focus on what works in the real world. Understand that stock returns are generated by three sources (dividend yield, earnings growth, and change in market valuation) in order to establish rational expectations for stock returns over the coming decade. Recognize that in the long run, business reality trumps market expectations. Learn how to harness the magic of compounding returns while avoiding the tyranny of compounding costs. While index investing allows you to sit back and let the market do the work for you, too many investors trade frantically, turning a winner's game into a loser's game. The Little Book of Common Sense Investing is a solid guidebook to your financial future.
In his 2014 shareholder letter, Buffett recommended reading this book over listening to the advice of most financial advisers. [source]
Kaya Thomas
@MegBartelt You’re welcome! Thanks for writing great content. You mentioned John Bogle which book do you recommend I start with, “The Little Book of Common Sense Investing”? [source]
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27
The Autobiography of Benjamin Franklin (Classic Biography)
I copied Franklin in my own book. He believed that we all could determinately sit down and come up with practical steps to make changes in our life. He identified 13 virtues that he wanted to imbue in himself and made a weekly chart to help him track his daily progress. I copied my resolutions chart from him. [source]
Cory Booker
The author didn’t mean to write his autobiography. He wanted to write a note to his family about what he’d learned in his experiments. [source]
The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History
Gregory Zuckerman
4.3
In 2006, hedge fund manager John Paulson realized something few others suspected--that the housing market and the value of subprime mortgages were grossly inflated and headed for a major fall. Paulson's background was in mergers and acquisitions, however, and he knew little about real estate or how to wager against housing. He had spent a career as an also-ran on Wall Street. But Paulson was convinced this was his chance to make his mark. He just wasn't sure how to do it. Colleagues at investment banks scoffed at him and investors dismissed him. Even pros skeptical about housing shied away from the complicated derivative investments that Paulson was just learning about. But Paulson and a handful of renegade investors such as Jeffrey Greene and Michael Burry began to bet heavily against risky mortgages and precarious financial companies. Timing is everything, though. Initially, Paulson and the others lost tens of millions of dollars as real estate and stocks continued to soar. Rather than back down, however, Paulson redoubled his bets, putting his hedge fund and his reputation on the line. In the summer of 2007, the markets began to implode, bringing Paulson early profits, but also sparking efforts to rescue real estate and derail him. By year's end, though, John Paulson had pulled off the greatest trade in financial history, earning more than $15 billion for his firm--a figure that dwarfed George Soros's billion-dollar currency trade in 1992. Paulson made billions more in 2008 by transforming his gutsy move. Some of the underdog investors who attempted the daring trade also reaped fortunes. But others who got the timing wrong met devastating failure, discovering that being early and right wasn't nearly enough. Written by the prizewinning reporter who broke the story in The Wall Street Journal, The Greatest Trade Ever is a superbly written, fast-paced, behind-the-scenes narrative of how a contrarian foresaw an escalating financial crisis--that outwitted Chuck Prince, Stanley O'Neal, Richard Fuld, and Wall Street's titans--to make financial history.
I have lots of books to recommend, but they are not related to my career path. The only one that is remotely related is Peter Thiel’s Zero to One. That said here are books I would recommend. [source]
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29
Andrew Carnegie
David Nasaw
4.2
Majestically told and based on materials not available to any previous biographer, the definitive life of Andrew Carnegie-one of American business's most iconic and elusive titans-by the bestselling author of The Chief: The Life of William Randolph Hearst.
Celebrated historian David Nasaw, whom The New York Times Book Review has called "a meticulous researcher and a cool analyst," brings new life to the story of one of America's most famous and successful businessmen and philanthropists- in what will prove to be the biography of the season.
Born of modest origins in Scotland in 1835, Andrew Carnegie is best known as the founder of Carnegie Steel. His rags to riches story has never been told as dramatically and vividly as in Nasaw's new biography. Carnegie, the son of an impoverished linen weaver, moved to Pittsburgh at the age of thirteen. The embodiment of the American dream, he pulled himself up from bobbin boy in a cotton factory to become the richest man in the world. He spent the rest of his life giving away the fortune he had accumulated and crusading for international peace. For all that he accomplished and came to represent to the American public-a wildly successful businessman and capitalist, a self-educated writer, peace activist, philanthropist, man of letters, lover of culture, and unabashed enthusiast for American democracy and capitalism-Carnegie has remained, to this day, an enigma.
Nasaw explains how Carnegie made his early fortune and what prompted him to give it all away, how he was drawn into the campaign first against American involvement in the Spanish-American War and then for international peace, and how he used his friendships with presidents and prime ministers to try to pull the world back from the brink of disaster.
With a trove of new material-unpublished chapters of Carnegie's Autobiography; personal letters between Carnegie and his future wife, Louise, and other family members; his prenuptial agreement; diaries of family and close friends; his applications for citizenship; his extensive correspondence with Henry Clay Frick; and dozens of private letters to and from presidents Grant, Cleveland, McKinley, Roosevelt, and British prime ministers Gladstone and Balfour, as well as friends Herbert Spencer, Matthew Arnold, and Mark Twain-Nasaw brilliantly plumbs the core of this facinating and complex man, deftly placing his life in cultural and political context as only a master storyteller can.
The definitive biography of an industrial genius, philanthropist, and enigma. At the meeting in May of this year, Munger also mentioned the Mellon Brothers as people to study. [source]
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A Universe from Nothing: Why There Is Something Rather Than Nothing
Lawrence M. Krauss, Richard Dawkins
4.2
Bestselling author and acclaimed physicist Lawrence Krauss offers a paradigm-shifting view of how everything that exists came to be in the first place.
“Where did the universe come from? What was there before it? What will the future bring? And finally, why is there something rather than nothing?”
One of the few prominent scientists today to have crossed the chasm between science and popular culture, Krauss describes the staggeringly beautiful experimental observations and mind-bending new theories that demonstrate not only can something arise from nothing, something will always arise from nothing. With a new preface about the significance of the discovery of the Higgs particle, A Universe from Nothing uses Krauss’s characteristic wry humor and wonderfully clear explanations to take us back to the beginning of the beginning, presenting the most recent evidence for how our universe evolved—and the implications for how it’s going to end.
Provocative, challenging, and delightfully readable, this is a game-changing look at the most basic underpinning of existence and a powerful antidote to outmoded philosophical, religious, and scientific thinking.
Carl Van Doren received the 1938 Pulitzer Prize in Biography for this work. It contains the most extensive collection of Benjamin Franklin's autobiographical writings, much of which was long out-of-print. Also included are some fifty letters written by Franklin that was never published before.
In situations requiring careful judgment, every individual is influenced by their own biases to some extent. With Bazerman's new seventh edition, readers can quickly learn how to overcome those biases to make better managerial decisions. The book examines judgment in a variety of organizational contexts, and provides practical strategies for changing and improving decision-making processes so that they become part of one's permanent behavior.
From the bestselling author of The Predator's Ball comes the page-turning tale of entrepreneurial genius Steve Ross and the immense fiefdom he created that began with a parking lot company and a funeral business and grew into the world's largest media and entertainment corporation.
Yes!: 50 Scientifically Proven Ways to Be Persuasive
Noah J. Goldstein Ph.D., Steve J. Martin, Robert Cialdini Ph.D.
4.3
Small changes can make a big difference in your powers of persuasion.
What one word can you start using today to increase your persuasiveness by more than fifty percent? Which item of stationery can dramatically increase people's responses to your requests? How can you win over your rivals by inconveniencing them? Why does knowing that so many dentists are named Dennis improve your persuasive prowess?
Every day we face the challenge of persuading others to do what we want. But what makes people say yes to our requests? Persuasion is not only an art, it is also a science, and researchers who study it have uncovered a series of hidden rules for moving people in your direction. Based on more than sixty years of research into the psychology of persuasion, Yes! reveals fifty simple but remarkably effective strategies that will make you much more persuasive at work and in your personal life, too.
Cowritten by the world's most quoted expert on influence, Professor Robert Cialdini, Yes! presents dozens of surprising discoveries from the science of persuasion in short, enjoyable, and insightful chapters that you can apply immediately to become a more effective persuader. Why did a sign pointing out the problem of vandalism in the Petrified Forest National Park actually increase the theft of pieces of petrified wood? Why did sales of jam multiply tenfold when consumers were offered many fewer flavors? Why did people prefer a Mercedes immediately after giving reasons why they prefer a BMW? What simple message on cards left in hotel rooms greatly increased the number of people who behaved in environmentally friendly ways?
Often counterintuitive, the findings presented in Yes! will steer you away from common pitfalls while empowering you with little-known but proven wisdom.
Whether you are in advertising, marketing, management, or sales, or just curious about how to be more influential in everyday life, Yes! shows how making small, scientifically proven changes to your approach can have a dramatic effect on your persuasive powers.
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