Wednesday, December 30, 2015
I find the process of natural selection (evolution) fascinating. As such I really enjoyed most of The Song of the Dodo, where the author takes the reader through the history of what knowledge has been accumulated in that field, from the pre-Darwin years all the way to today.
Tuesday, December 22, 2015
American manufacturing dominated most of the 20th century as its methods of mass production took over the world. Nowhere was this dominance more clearly on display than in the auto sector, where guys like Henry Ford and Alfred Sloan were driving down the cost of owning a car while driving up what a car could do. But the tide started to turn when some Japanese manufacturers came up with a better way. The Machine That Changed The World is about that new way.
Friday, December 18, 2015
Bill Gates' favourite author Vaclav Smil has written a book about the rise and fall of manufacturing in the US, titled Made In the USA. The book delves into the history of US manufacturing, essentially starting from the shift from crafts-made products to mass production that vaulted the USA to the top of the productivity charts, and ending with the job losses in the aftermath of the Great Recession.
Thursday, December 17, 2015
I know the commodity space is run by guys who care little for shareholder value. I guess holding down a job in a boom/bust industry is tough, so managers do what they need to do by smoothing it out at the expense of the shareholder. And yet, I still got taken.
Labels: Gear Energy
Wednesday, December 16, 2015
Monday, December 14, 2015
Any book that has its foreword written by Warren Buffett is one I'd like to read, so surprisingly it took me a long time to get to this one, The Ten Commandments of Business Failure.
Wednesday, December 9, 2015
Monday, December 7, 2015
Over several decades, the hedge fund industry has taken the financial sector by storm. In More Money Than God, Sebastian Mallaby presents some of the more interesting events in the history of hedge funds.
Thursday, December 3, 2015
Hedge fund manager Scott Fearon discusses what made him successful in his book, Dead Companies Walking. The book is actually about failure. Failure is good for an economy, as it allows new ways of doing things to rise. Fearon's expertise is spotting failures before the market recognizes them, and shorting them all the way down.