Friday, April 25, 2014
The storied history of the American auto industry would fill volumes. One of its bleakest periods was between 2005 and 2009, when Detroit's big three were hammered by a slew of factors that pushed two of them into bankruptcy. Once Upon A Car tells this story.
Tuesday, April 22, 2014
Peter Lynch posted a 29% annual return as head of the Magellan Fund through much of the 1970s and 80s. In his book, One Up On Wall Street, he tells the investor how to generate returns superior to those of Wall Street.
Tuesday, April 15, 2014
I finally got around to reading the Warren Buffett recommended Who Says Elephants Can't Dance. I should have read it a long time ago; it is easily the best book by a former CEO that I've ever read.
Thursday, April 10, 2014
One genre of book I tend to enjoy is where the author starts out as somewhat of a layman in a particular subject area, but is very passionate about this subject and ends up becoming an expert. (Is there a name for this category of book?) Previous books of this ilk that I have previously enjoyed (and highly recommend) include The Game and Moonwalking with Einstein. Alex Stone's Fooling Houdini is just as good.
Monday, April 7, 2014
Ray Kroc didn't start McDonald's (MCD), but he recognized a winner when he saw one. Kroc was a paper cup and milkshake machine salesman who was so impressed by the McDonald brothers' restaurant he called upon one day, that he dropped everything (much to the dismay of his risk-averse wife, who thus got dropped in turn) to build the company more or less into what it is today. He shares his story in his book Grinding It Out.
Friday, April 4, 2014
Tuesday, April 1, 2014
If every decision we made were in a static environment, life would be relatively easy. But in real life, others (competitors, bystanders, teammates etc) react to our decisions, which changes the environment. Enter Game Theory, which is the study of strategic decision-making. In Thinking Strategically, retired Princeton professor and economist Avinash Dixit takes the reader on a whirlwind tour of the field across a range of subjects, from business to sports to politics.