In The Black Swan Taleb outlined a problem, and in Antifragile he offers a definitive solution: how to gain from disorder and chaos while being protected from fragilities and adverse events. For what Taleb calls the "antifragile" is actually beyond the robust, because it benefits from shocks, uncertainty, and stressors, just as human bones get stronger when subjected to stress and tension. The antifragile needs disorder in order to survive and flourish. Taleb stands uncertainty on its head, making it desirable, even necessary, and proposes that things be built in an antifragile manner.
Doesn't matter whether you are in the investment world or not... you need to read this book
The consistently best-selling What Works on Wall Street explores the investment strategies that have provided the best returns over the past 50 years - and which are the top performers today. The third edition of this BusinessWeek and New York Times best seller contains more than 50 percent new material and is designed to help you reshape your investment strategies for both the postbubble market and the dramatically changed political landscape.
As an investor, I've tried to remain open minded about different philosophies and methodologies, but it's hard to give an idea any time when it doesn't come with a firm foundation of research and testing.
While the strategies in this book are fairly simple and may not be as high-flying as some momentum traders might want, the concepts do provide a reasonable foundation for a low-effort method of systematically buying stocks which can "beat the market" on either the upside or downside, and sometimes both.
Good read, would recommend it among your investment collection.
2 of 2 people found this review helpful
It was wonderful to be young and working on Wall Street in the 1980s - never had so many 24-year-olds made so much money in so little time. In this shrewd and wickedly funny audiobook, Michael Lewis describes an astonishing era and his own rake's progress through a powerful investment bank.
Really interesting story about someone's experience on Wall Street 30 years ago when the industry was a little different than it's modern form... but what's the point?
We've all heard Gordon Gecko say Greed is Good... not much new here so I don't get why this book had been so hyped
Good story though - if you have time and want to peak behind the old curtain, go for it
"You’ve seen it all before. A malicious online rumor costs a company millions. A political sideshow derails the national news cycle and destroys a candidate. Some product or celebrity zooms from total obscurity to viral sensation. What you don’t know is that someone is responsible for all this. Usually, someone like me. I’m a media manipulator. In a world where blogs control and distort the news, my job is to control blogs—as much as any one person can."
Author probably isn't the best narrator, but the content was good.
I loved the ending... here's how I manipulate the media and public... and I wrap up my book using those exact tactics on you. *Slow clap*
Worth adding to your list
At last, for a generation that's materially ambitious yet financially clueless comes I Will Teach You To Be Rich, Ramit Sethi's 6-week personal finance program for 20-to-35-year-olds. A completely practical approach delivered with a nonjudgmental style that makes readers want to do what Sethi says, it is based around the four pillars of personal finance - banking, saving, budgeting, and investing - and the wealth-building ideas of personal entrepreneurship.
The advice requires far too much effort for the average joe or even a motivated joe
In an audiobook that challenges everything you thought you knew, W. Chan Kim and Renee Mauborgne assert that tomorrow's leading companies will succeed, not by battling their rivals for market share in the bloody "red ocean" of a shrinking profit pool, but by creating "blue oceans" of untapped new market spaces ripe for growth.
the basic premise is that most businesses are competing with one another for a limited amount of demand
it argues that you should try to think about expanding the demand for your product versus competing for the existing demand
the next book is a little bit more helpful in figuring out just how to do that
Are you tied to a nine-to-five workweek? Do you work hard making someone else rich? Are you financially free - the sort of free that ensures you spend the best part of your day and week, and the best years of your life, doing what you want? Would you like to retire from wage-paying work within 10 years? Why not build and follow a plan that allows you to live the life of your dreams?
There are several great points in this book
I don't agree with everything, but I 100% recommend you read this book
This is one of those stones in the foundation of a good education around personal finance, behavior, and success
Tony Robbins has coached and inspired more than 50 million people from over 100 countries. More than four million people have attended his live events. Oprah Winfrey calls him "super-human". Now for the first time - in his first book in two decades - he's turned to the topic that vexes us all: How to secure financial freedom for ourselves and our families.
Here's the basic content:
1. asset allocation, diversify
2. invest for long periods of time
3. all fees are bad, unless you pay Tonys firm
4. indexing is the only way to go, unless you buy annuities or structured notes from Tonys firm
5. here are a bunch of people who did none of that to get super rich, copy them in direct contradiction to the first half of this book
Best content was a reference to Ray Dalio' s website where he has a cool 30 minute explanation of how the global economy works
Definitely not worth $35
Written by Neil Rackham, former president and founder of Huthwaite corporation, SPIN Selling is essential listening for anyone involved in selling or managing a sales force. Unquestionably the best-documented account of sales success ever collected and the result of the Huthwaite corporation's massive 12-year, $1-million dollar research into effective sales performance, this groundbreaking resource details the revolutionary SPIN (Situation, Problem, Implication, Need-payoff) strategy.
I am not a natural salesperson
I've been through a number of sales training courses through my career which all focused on your elevator pitch, your value proposition, etc. all of which are designed to cheerleader your awesomeness
this never really worked
you get showered with objections to which old training simply says handle objections
that never worked because if somebody doesn't want what your selling, no amount of linguistic gymnastics is going to over come it
this content really clicked
you need to find problems, go hunting for problems and then and only then can you move forward... but before you get too premature, you need to make sure the prospect sees the problem as big enough to spend time and money solving
then, the sale is a foregone conclusion
no stupid closing techniques
I would have like many more sample questions for each stage as I learn better through example, but I think I can put these concepts to work immediately