There is a lot to like about this book. It has good storytelling and gives a broad overview of various types of investing and investing philosophies. The overarching theme is learning not to lose money, and having a written plan in place before investing.
Tag: Business Leaders
The culture and management of Disney have fascinated me for years. The Ride of a Lifetime is part autobiography with an inside look at the highlights of Bob Iger's tenure as CEO of Disney. I really like the details covering the negotiations and purchases of Pixar, Marvel, and Star Wars.
To Pixar and Beyond covers the development and execution of Pixar's business plan in the early 1990s, ending in the sale of Pixar to Disney in 2006. The details of Lawrence and Steve Jobs planning their negotiation of a second film contract with Disney were especially fascinating.
Richard has some great thoughts about passion, note-taking, listening, leadership, hiring, and delegating. I especially recommend reading if you are looking for advice on these topics.
Charlie Munger wrote a letter containing this list of Warren Buffett's eight reserved activities. My favorite one is: "His first priority would be reservation of much time for quiet reading and thinking, particularly that which might advance his determined learning, no matter how old he became." The post contains a list of all eight.
The premise of the book according to the author is that "the story of The House of Morgan is the story of modern finance." My favorite quote from the books is "Morgan bank tellers have a million dollar smile, they only smile if you have a million dollars."
This was one of my favorite books read in 2017, I strongly recommend reading it. Andrew Carnegie's major motive was making men more useful to themselves and others. He said that making better men is a greater motive than making money.