By far, the best book on investing ever written. To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information, What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. This book precisely and clearly prescribes the proper framework. You must provide the emotional discipline.
Well-reported and well-written. Investors can learn much from ‘Bull!’
Read this book now; wait a while, then read it again.
One book I read although I totally disagreed with it is Thomas Piketty’s “Capital in the Twenty-First Century.” He’s off the deep end, but it’s a worthwhile read because it’s at the pulse of people’s thinking on inequality.
Adds to our empirical understanding, challenges our prevailing assumptions and, in their rightness and in their wrongness, has initiated important debates. Got me to move beyond the traditional thinking about labor earnings inequality to better appreciate the role of capital income, including inherited wealth, in the large increase in inequality in recent decades. Not the last word, especially on policy prescriptions, but will help get us closer to the understanding and ideas that we need.
The inspiring story of Pixar, what has become the world-leading animation studio. By discussing the good, the bad and the ugly, it provides valuable insights into the management of transformational companies.
How managers can build a “creative culture” that brings out the best in their employees. Two of his tips were especially resonant for me. 1) A manager’s job is not to prevent risks, but to make it safe for others to take them and 2) A company’s communication structure should not mirror its organization structure -– everybody should be able to talk to anybody.
An optimistic analysis of the breathtaking technological changes that are changing both the workplace and our homes; provides us with a terrific feel for our rapidly changing world, including what it takes to better understand and navigate it.
I enjoyed how the authors describe that, unlike the Industrial Revolution, the digital revolution has created technology that replaces human labor instead of complementing it. The authors urge that this unprecedented pace of innovation should both excite us and prompt us to reflect on our values and choices.
An important contribution to the economics of the new age of robotics and artificial intelligence.
Brynjolfsson and McAfee are right; we are on the cusp of a dramatically different world brought on by technology. The Second Machine Age is the book for anyone who wants to thrive in it. I’ll encourage all of our entrepreneurs to read it, and hope their competitors don’t.
The weirdest idea anyone ever had about the future is that we should expect it to look like the past — but that’s what the reigning science of statistics assumes. Nassim Taleb has not been fooled; he is the single best guide to understanding uncertainty.
Today we take for granted what used to exist only in dreams. Francis Bacon dreamed of science and technology to make our lives better. We’ve gotten a lot done since, but ‘New Atlantis’ is still futuristic, especially for science fiction from 1627.
Beautiful, alive, unputdownable human reportage.
“What is it, I wondered, that makes a man willing to sit up on top of an enormous Roman candle…and wait for someone to light the fuse?” Wolfe asks that question in his classic about the test pilots who became the first astronauts. It’s both a great history of the space race and a meditation on how to steel yourself to take risks.