I've been listening to audiobooks for 5 years and this is one of my favorites. It is a beautiful intersection of trading, technology, and life stories. This is my first Michael Lewis listen. I love his writing style and story telling abilities. I will definitely be listening to his other books.
This book contained solid, long-term investment advice. I have readjusted my retirement accounts to match the strategies described in this book.
My only complaint is that the author spent too much time convincing the reader about the benefits of index funds. A few chapters into the book I kept saying to myself, "ok, I get it, low cost index funds are better than actively managed mutual funds, now move on".
This was an interesting book about potential uses of new forms of data. It also includes many interesting stories and examples of data use in the past, present, and future. The book explains how data can be used in new ways to that will improve business and society. Massive amounts of data was once only captured by the Navy, Astronomers, and Scientists. Today, it is becoming a natural resource and is captured by nearly every business and by millions of devices around the world. With the emergence of social networking, reams of data have been stored about people and places. New data sources are starting to take shape. Data is now being captured by everything from home appliances to industrial machines. The harvesting, analyzing, reporting, and decision making that comes with these new forms of data is very exciting. This book is not for everyone, but as a software developer, I found this book to be very enjoyable.
I looked up the author's previous books before spending a credit on this one. I must say, I was worried that this book would be too preachy because some of Feiler's other publications had strong religious themes. It was not preachy at all. Listening to this book was more like having a casual conversation with a friend about family life. The author pulled ideas from various sources, including business men, military leaders, coaches, and his own family experiences and presented them as short stories and lessons. Every lesson won't apply to every family but I think the book was well written and researched and it was worth listening to.
I have been listening to books in the behavioral/psychology/business arena for about three years now and this one is my favorite. The writing is very nicely organized and the narration was excellent. The book is arranged as a series of short stories that describe real world scenarios of different reciprocity styles: givers, matchers, and takers. The short stories are bridged with research findings that tie it all together. The author gives compelling reasons and examples for why and how givers come out ahead. He also describes the pitfalls of too much giving, as well as the disadvantages of being a matcher or taker. This book made me evaluate my own styles that I use at work, home, and in my community. It is very possible to be a giver without falling to the bottom and becoming a doormat.
This was an entertaining book. I learned what it is like to be behind the closed doors and in the kitchen of a restaurant. I especially liked the essential kitchen tools, kitchen lingo, and tips at the end of the book for succeeding as a chef. At times it was hard to follow all of the managers, chefs, co-workers and restaurants mentioned in the book because Bourdain switched jobs so often. There is one chapter in the book (I think the one about the summer club - or whatever it was called) where Bourdain's narration speed slowed dramatically. I thought I accidentally bumped the narrator speed button on my audible player. But overall I thought the narration was very good. I would recommend this book for anyone interested in cooking.
Most of the advice in this book is not geared towards the regular working employees with traditional savings/investment/retirement plans. It is not feasible for everyone to pull money out of traditional investments and start buying up hotels, gold mines, and oil drilling companies, like the author did. I was looking for some more practical advice areas where a majority of people have their investments: paper assets. The author did have a few good explanations around money flow and the sub-prime mortgage crisis. I would not recommend this book for the average investor who invests in mainly paper assets.
Investors who passively manage their money could see their entire portfolio evaporate into money heaven. This book describes the causes and effects of a major economic collapse. It also describes several methods for protecting investments; moving money into gold, bonds, foreign currencies, and bear funds. It also gives economic indicators to watch for trouble: inflation rate and interest rate.
There is some pretty deep economics in this book but the author explains it in terms that non-economists can understand. I would've given the book a 5 star if it wasn't for the bragging and self-plugging that is found throughout the book.
This book is mainly geared for 20 - 35 age range. Ramit has an exuberant personality and got me excited about doing finances the right way. The book is filled with excellent real world examples and methods for controlling finances. I was skeptical about using a credit on this book at first because of the corny title. I'm really glad I did. I'm actively using at least 75% of techniques described in this book.
When you are ready to seriously start thinking about finances.. listen to this book first.
This book is way better than "What Would Google Do". I particularly like the sections that talked about Google's data centers: the machines they use, the cooling systems, the locations, etc. Techies and non-techies will get enjoyment out of this book.
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