List Of The Best Business Books Of All Time

best business-books

List Of The Best Business Books Of All Time

  •  Mastering Private Equity 2 sets – Claudia Zeisberger, Michael Prahl
    The best equity teaching textbook has been found.
  • Fooled by Randomness – Nassim Nicholas Taleb
    This book is not worthy of such a high position. But this is a book that no one dares to translate so leave this place for fun.
  • Options, Futures, and other Derivatives – John Hull.

Books that teach fresh money on the stock exchange. Just having a new product coming out is known to know how to make money with it, but nowhere to study. This book is a worldwide derivative ordinance, taught at most business schools.

  • The Hard Thing about Hard Things – Ben Horowitz

    The best startup book of all time.

  •  Good to Great – Jim Collins
    This book is too good, from review.
  • The Effective Executive – Peter F. Drucker

The best management books .

  • Business Analysis and Valuation – Krishna Palepu
    The most readable business analysis textbook.
  • Sprint: How to Solve Big Problems and Test New Ideas in Just Five Days – Knapp, Zeratsky, Kowitz
    Books like titles, teach each step to do a trial run of the project in 5 days
  • The Long Tail – Chris Anderson
    Sales strategy, retail, how to build a business model.
  • Crossing the Chasm – Geoffrey A. Moore
    The biggest challenge of starting a business is selling enough to pass the initial threshold to mainstream. This book teaches a way of looking at sales over the threshold.
  • Work Rules! – Laszlo Bock
    Google-style workbooks.
  • The Art of the Start – Guy Kawasaki
    Also a startup book is very practical.
  • How Google Works – Eric Schmidt, Jonathan Rosenberg
    Former Google president shared about Google.
  • Irrational Exuberance – Robert Shiller
    The book was written to warn the economic crisis. But learn to stock up from here.
  •  One Up on Wall Street – Peter Lynch
    This is the only book about stock that read at the beginning. The other volumes, including Intelligent Investor, cannot enter the head.
  • The Essays of Warren Buffett
    Summary of management, investment, risk management views of Warren Buffett.
  •  CFA Equity Level 2
    CFA certificate has 3 levels, 6 books each. The rate of passing all 3 levels in the first test is 3%. Equity level 2 is the best book on basic investment analysis.
  • Martin S. Fridson, Financial Statement Analysis – Fernando Alvarez
    Teach how to read financial statements out of the story. It is possible to use the stock to get a job.

  • Measure What Matters – John Doerr
    Teach set targets for management.
  • Leadership is an Art – Max Depree
    Book leadership & motivation.
  • Value at Risk – Philippe Jorion
    If not working in the risk management department, it is not necessary to use these skills to teach, but this is a book that teaches how to apply statistical probability to see the world very well.
  • No B.S. Price Strategy – Dan S. Kennedy
    How to set product prices.
  • Corporate Finance – Ross Westerfield
    This is the most basic and easy to read financial book. Knowledge from here can be immediately applied to many non-financial areas.
  • The Sense of Style – Steven Pinker
    English writing book.

  • Financial Modelling – Simon Benninga
    Books to teach basic financial models.
  •  A Guide to the Body Management Project of Knowledge – Project Management Institute
  • Venture Deals – Brad Feld, Jason Menseldon
    Book about how VC works. But what is worth is the legal form in the appendix.

Antifragile Book Review – Nassim Taleb

antifragile nassim taleb

Antifragile Book Review – Nassim Taleb

The fallacy of “average” (mistake of average / average figures).

Vietnam’s GDP per capita in 2016 is about 2,200 USD (50 million / year). The average house / apartment price is from 700 million – 1.5 billion. High-end apartments are about 3 billion or more. If the average GDP is calculated, Vietnamese people have to work 30 years to buy a mid-range apartment and 68 years of work to buy a high-class apartment. Many people are surprised why the fact that the high-end apartment project still sprung up like mushrooms after the rain, the project that opened and sold out also ran out of stock, so many stars had so much money, it must be speculation / bubbles.

In fact, the average GDP data does not indicate the distribution and the difference in income. The average of the whole society is 2,200 USD, but many people earn hundreds of times that average. My personal guess: the Vietnamese population is 100 million, 70% (70 million) are in the working / working age. Of those 70 million, about 0.5% (350 thousand people) can earn up to 10 billion per year, 5% (3.5 million people) with an income of about 1 billion / year, nearly 15% (11 million). with an income of up to 500 million / year and the remaining 80% (56 million) with income of less than 50 million / year.

Thus, 11 million people can afford an average apartment (less than 1.5 billion) after 4 years of work. Nearly 4 million people are able to buy luxury apartments (over 3 billion) after 4-5 years. The number of high-class apartments in the country is about 12,000 units per year on average, so after only 7 years (from 2009 until now), there are only about 85,000 units, still very few compared to the potential. Not surprisingly, the demand for high-end apartments is still high.

Brand name firms, from Herme leather bags of 2 billion VND / unit, to Rolex watches, LV belts … can survive because of the unequal distribution of properties. Based on the average income of 2,200 USD / year, no firm exists (even in the world, not Vietnam).

Similarly, Vung Tau is the locality with the highest average income of goods in the country, but the business of goods and high-quality investment services is difficult to make money, almost restaurants and coffee shops. high-end, Japanese / American furniture stores are 1 year long and short, only 2-3 months are closed. The reason rich people contribute to high average GDP accounts for a small amount. Although they have a lot of money, they only drink 1 cup of coffee / day, eat up to 3 meals … the demand is only that, the high-end business is difficult to live.

On average, women are smart and capable of being inferior to men. But in men, the distribution of talent is uneven: on the average, the whole species is equal to women, but in some men it is excellent, but others are also ridiculous. That explains why the national leaders, companies, characters are better in men than in women in science and art, but go to jail for drug addiction, addiction, forgiveness, lazy … men also superior to women many times.

Now Nassim Nicholas Taleb has only written 3 books (Fooled by Randomness, Black Swan and Antifragile), but every book is very impressive, profound and countless new ideas. “The fallacy of average” is just a bullet point in a page of Antifragile (450 pages).

All three of Taleb’s books are difficult to read, but deserve to ponder, struggle and read over and over again.

(By Meraki)

How To Lie With Statistics – Darrell Huff

How to lie with statistics darrell huff

How To Lie With Statistics – Darrell Huff

Regression to the mean. (Average Regression)

Reporter Tim Hardford recently reported that the American Communications Association has just awarded the Communicator of the Year 2017 to Oscar Munoz (CEO of United Airlines). The name of the uncle is engraved in the prize, and it is not clear that the “miss” happened by Munoz in handling Mr. David Dao was pulled from the plane.

The American Architects Association awards excellent awards to Kemper Arena, the award ceremony takes place at an Arena designed by the Arena; After a few hours, the roof of this program suddenly collapsed.

Life is literally black.

There was a friend who worked as a boss, just called up and praised one of the staff the previous day, the number one; He has not missed the day after he had terrible mistakes. Other children have been criticized, then later they will see it perform.

Tim Hardford argues that people often have little to say about a statistics rule that all things tend to return to moderate (regression to the mean).

For example, the average height of Vietnamese people is 1.6m; Which one is 1.9m tall is the “border” / exception. Regression to the mean means that your child will most likely return to 1.6m. Like my father-in-law 1.8m; The instrument has two children, the height is all “mean”.

“Regression to the mean” is not difficult to understand, but few people know how to apply it in practice.

In business, Vingroup in the years 2009-2014, continuous 5-7 years of continuous revenue increased by 200-300%, the previous year doubled the next year; The stock price went up, did you ask if you should buy Vin’s stock? Vin is a good group without discussion, but at the price of 100-150K (at the time of 2012), it is expected that the market will grow 200-300% every year for 5-7 years. 20-30 years into the top of the world, not only Vietnam. Tree cannot grow to the sky, any company has grown significantly over the past 5-7 years, investing on the assumption that it will continue to grow like that for another 5-7 years is a risky assumption.

I just went out of business, there was a friend who told me that when I was in the market, I was so cool, so I could follow. I told you, wait for a while, maybe you’re going back to “mean”.

(From Meraki)

Ngày Mai Của Những Ngày Mai – Nguyễn Ngọc Tư

Ngay mai cua nhung ngay mai nguyen ngoc tu

Ngày Mai Của Những Ngày Mai – Nguyễn Ngọc Tư

Làm sông ( -Nguyễn Ngọc Tư)

Uỷ ban xã cử chị chạy xuồng máy đưa anh xuống Vàm Cây Tra, bọn họ đùa, “Viết về sông Lớn anh hùng mà có nữ pháo binh anh hùng đi cùng là nhất anh rồi”. Chị đang lúi húi mở dây buộc xuồng, cười xòa, “anh hùng gì, mấy ông này cứ đem chuyện cũ nhắc hoài, mắc chán.”

Anh thấy kỳ lạ, có vẻ chị không vui với những lời như vậy, chị bối rối, chị khoả lấp, chị loay hoay che giấu nụ cười phảng phất buồn. Hay đấy chỉ là cảm giác của riêng anh. Suốt buổi sáng, người phụ nữ nhỏ nhắn này làm anh bất ngờ, thán phục, nể sợ khi biết chị đã từng bắn cháy bốn tàu giặc trên sông Lớn. Mắt anh níu lấy chi tiết đôi bàn tay gân guốc, một bên vai hơi lệch như vẫn còn đang chịu sức nặng của những khẩu B40, môi mím lại, cương nghị, tai không còn thính nhạy, thỉnh thoảng chị lại ngơ ngác, “Hả? Chị điếc lắm, cậu phải nói lớn chị mới nghe được”. Cả giọng nói rổn rảng, xởi lởi, cả cái nhìn đen nhức xoáy thẳng vào người đối diện làm chị toát lên vẻ cứng cỏi, kiên cường.

Nên anh không thấy lạ khi biết chị vẫn sống một mình, suốt thời con gái lặn lội vì chiến tranh, chắc chị chẳng rảnh rang để hẹn hò, mà, chị mạnh mẽ vậy thì cần gì hẹn hò. Bây giờ, cùng đi hết một quãng đường sông, anh cũng không ngạc nhiên khi chị chạy xuồng máy ôm cua ngọt xớt qua những khúc quanh. Tia nước từ chân vịt bắn lên thành những chùm pháo hoa trắng xóa. Sông Lớn mênh mang trong tầm mắt, mất một lúc, đến gần vàm, anh mừng húm khi thấy xác tàu Mỹ nằm phập phều giữa dòng sông. Anh hớn hở ra hiệu chị dừng lại, anh muốn chụp bức ảnh người nữ pháo binh bên khối sắt thép lạnh lùng kia, chị lại cười, hỏi, “Cậu tính chụp hình bông súng hả? Ừ, khúc sông này mà lên báo chắc đẹp dữ lắm”.

Biết chị lảng tai từ hồi chiến tranh, vì sức ép của đạn pháo, mà chị hay xua tay bảo “Tật nhỏ. Bệnh nghề nghiệp”, anh định cười. Bỗng dưng anh có cảm giác, hay là chính mình mới là kẻ không nghe được lời chị. Rằng con sông này đang vào mùa đẹp nhất.

Anh đứng dậy, trùng trình, chênh vênh nơi mũi xuồng, sững sờ nhận ra vẻ đẹp của dòng sông. Bình dị. An nhiên. Tự tại. Hai bên bờ, dừa nước chảy tràn. Cái dãy màu xanh miết, day diết lên chân trời thi thoảng bị ngắt quãng bởi một cái bến sông, vài cây tra treo những chùm chuông vàng rực; bởi những lùm cây dại, bìm bìm đem hoa tím phủ trùm lên; bởi những cái vó nhỏ có đám trẻ tòn ten đánh đu cất lên mẻ lưới đẫm nước… Và gần bờ lá, những bông súng nở bừng vọt lên khỏi mặt nước, rập rờn. Cái dòng chảy trong lẻo rất khẽ khàng, dịu dàng chở sắc tím của bông đi mãi miết. Anh nhìn lại dòng sông qua ống kính máy ảnh và thấy cả hai – anh và cái máy – đều bất lực, không thể chuyển tải, diễn tả, không thu gọn được cái đẹp mênh mang, sâu thẳm này trong một vài bức hình. Anh tự cười mình, sao anh lại phải đợi chị nói, mới nhận ra sông đẹp?

Anh bỗng nghe một câu thơ cũ, rành rọt, như thể ở đằng lái, chính chị đang tát nước xuồng và đọc nó chứ không phải vọng lại từ trí nhớ của mình, “Sáng nay Bạch Đằng tạm quên mình làm sử để làm sông”. Con sông Lớn bây giờ cũng không thèm làm sử, hay nó đã thôi làm sử, từ khi hết chiến tranh, nhưng mãi đến giờ con người cũng không cho nó làm sông. Anh cũng vậy, cũng bị choán chật, cũng bị chắn mất tầm nhìn vì những cái xác tàu. Nó lù lù đóng cọc ngay ở giữa lòng anh, làm ứa ra những ý nghĩ, sông là những trận đánh, những chiến công. Chiều nay, bên chiếc tàu sắt nằm vùi giữa dòng, anh chợt nhận ra cái cách nước rẽ mình khi đi qua khối thép vô tri này cũng giống như rẽ mình đi qua đám chà, cái đăng, cái đó, chẳng khác gì hết, bởi sông chỉ là sông.

Anh ngồi quay lại, và nhìn chị đến ngẩn ngơ, khi phát hiện ra, chị cũng đẹp, cũng dịu dàng, cũng rất phụ nữ. Đôi mày cong, ánh nhìn trong, đuôi mắt hẳn rất sắc, mái tóc dài bới gọn sau ót chắc đã từng đen buốt đến tận lưng. Chị nhỏ nhắn, mỏng manh đến mức anh nghĩ chỉ cần dang tay ra, sẽ gói gọn chị vào lòng.

Anh thảng thốt khi phát hiện ra vẻ đẹp của chị như lúc nhận ra vẻ đẹp của sông. Và bỗng dưng anh thấy day dứt cồn cào. Càng nhìn chị anh càng nhói, đuôi mắt kia đã hằn vết chân chim, chưa từng được hôn, mái tóc kia giờ chớm bạc, chưa một lần nào, chưa người đàn ông nào vuốt nó, âu yếm chải nó trong những chiều phai. Và những lúc mỏi mê, cũng không có bờ vai rộng nào cho chị tựa vào. Chị thui thủi đi qua tuổi xuân xanh của mình chỉ vì còn lắm người như anh, chỉ nhìn chị như một anh hùng mà quên chị là phụ nữ.

Quên có những con sông chỉ muốn làm sông, bình thường, suốt đời trôi lặng lẽ…

(Sưu tầm Meraki)

18 Minutes – Peter Bregman

18 minutes peter bregman

18 Minutes – Peter Bregman

According to the World Database of Happiness (yes, there is one), Iceland is the happiest place on earth. That’s right, Iceland. Yes, I know it’s cold and dark six months out of the year there. I’m just giving you the data.

The secret to their happiness? Eric Weiner, Author of The Geography of Bliss, traveled to Iceland to find out. After interviewing a number of Icelanders, Weiner discovered that their culture doesn’t stigmatize failure. Icelanders aren’t afraid to fail — or to be imperfect — and so they’re more willing to pursue what they enjoy. That’s one reason Iceland has more artists per capita than any other nation. “There’s no one on the island telling them they’re not good enough, so they just go ahead and sing and paint and write,” Weiner writes.

Which makes them incredibly productive. They don’t just sit around thinking they’d like to do something. They do it. According to the psychologist Mihaly Czikszentmihalyi, who wrote the book Flow: The Psychology of Optimal Experience, “It is not the skills we actually have that determine how we feel but the ones we think we have.”

So if you think you’re good at something, whether or not you are, you’ll do it. The converse is also true: if you think you aren’t good enough at something, you won’t do it.

A friend of mine, Jeff, has wanted for some time to start a business teaching guitar. But he hasn’t yet. Why? When you sift through his various explanations and excuses it comes down to one simple problem.

He’s a perfectionist.

Which means he’ll never think he’s good enough at guitar to teach it. And he’ll never feel like he knows enough about running a business to start one.

Perfectionists have a hard time starting things and an even harder time finishing them. At the beginning, it’s they who aren’t ready. At the end, it’s their product that’s not. So either they don’t start the screenplay or it sits in their drawer for ten years because they don’t want to show it to anyone.

But the world doesn’t reward perfection. It rewards productivity.

And productivity can only be achieved through imperfection. Make a decision. Follow through. Learn from the outcome. Repeat over and over and over again. It’s the scientific method of trial and error. Only by wading through the imperfect can we begin to achieve glimpses of the perfect.

– Peter Bregman (18 minutes).

Still interested? Read this book.

(By Meraki)

The Halo Effect Book Review – Phil Rosenzweig

The Halo Effec - Phil Rosenzweig

“The Halo Effect Book Review – Phil Rosenzweig

Read the Profile of the first female billionaire Nguyen Thi Phuong Thao (the owner of Vietjet Air) in the newspapers all see the details: “One day of the female billionaire starts at 5 am and ends at 2 pm. both of you go on business with … ”

Ms Nga (owner of SeaBank) is a very detailed and dedicated person who works with the staff and works with “extremely high” intensity.

The pressure of a big CEO’s job, which only sleeps for 3 hours / day, only supersedes. Writing so as to encourage young people to be enthusiastic & determined to fight in the work is true, but through that, to explain the success of Thao / Nga, I think there is little basis.

I personally know many of you are very successful, taking a nap until 3pm.

The desire to succeed & know the way to that is a legitimate wish. Of course, to know about the success of the starting point must study the successful people. So the book of enrichment is higher than the mountain, confused about which books to name …

It’s fair to say that there are really good books, like “7 Habits of Highly Effective People” by Stephen R. Covey; was voted by Forbes magazine as one of the best self-help books of all time.

Surprisingly, after nearly 30 years since publication with many millions of elite readers around the world, it seems that people do not become “successful” or “effective” than before.

The main problem with self-help books is to confuse causes and results. Studying and observing successful people, we see that they have many manifestations and characteristics: hard-working people, big-thinkers / think-ups, successful people who use things, successful people read books, people success or play with other successful people ….

But to draw conclusions and formulas to guide “juniors” not yet successful, the question needs to be asked: what creates what?

By sleeping only 3 hours / day that Ms. Thao created Vietjet, or because the work of a CEO made her only 3 hours / day to sleep?

“Think big” is it successful or successful, then is it possible to think big / think far away?

His success thanks to “relationship” with many successful people; Or is it successful, so is it possible to play with “big dogs”?

There are many scientific studies showing that college students make more money than those who only finish level 2 / level 3. Poor people also have to run for Teo to go to university. It is too obvious, everyone can see that the majority of universities are richer than universities … But the nature may be because people who enter university are more intelligent, so later they will earn more money. , not by university. You don’t go to college, but because there’s a smarter / faster nature than those who still make money or succeed.

Recently, a sister confided on social media: “Everyone tells girls to be confident and beautiful. But people must be beautiful to be confident! ”.

In the sky, I realized how much time it would take to catch up early as this sister

Phil Rosenzweig wrote a great book: “The Halo Effect”

Phil started with the question, why did so much effort work on successful companies to learn lessons and experience for corporate governance? But the practical effect is very limited.

Some projects such as: In Search of Excellence, Good to Great … are very famous in the management / business leaders. These works are all years of research, in thousands of big and successful companies in the world, drawing and summarizing the “best practices” that these players / stars are implementing.

These books have been and are still bedside books for CEOs; A lot of seminars, workshops … for senior leaders from Europe to Asia. But sad reality is not only for companies that apply but not many people become “excellence”, but even the list of “great companies” is listed in these studies … only 5-7 years after some The word “great” goes “good”, most don’t even get “good” & disappear.

The organizational structure is still the same, strategy / strategy is unchanged, human / leadership is intact … even experience and many aspects are even better. So what is the reason for the failures?

These classics largely summarize the organizational causes of good or great thanks to several factors such as:

• Good leadership (charismatic leaders; leader who “eat last”)
• Good culture (strong culture)
• Interested in people (care deeply about employees & customers; decide who first and then What or How ….)
• Good strategy (good strategy)

Phil Rosenzweig points out that the main problem of these studies is The Halo Effect. The authors focused on studying successful companies, but if they took the time to study even those that failed, they would see a lot of “failure” that had those characteristics.

Google, Apple … often voted as “best place to work”: Lamborghini parking lot, lunch canteen with michellin chef serving Sushi; There is a gym and sauna area near the office … Thanks to the concern that people are great or by giants / hands, can they be interested and attract many talented people? That is a more thorough question.

Seeing a phenomenon that appeared and repeated several times since then deduced some kind of causal relationship … it was probably a bit hasty. Just like when doing statistics, seeing GDP growth and increasing the number of prostitutes (perhaps due to the impact of rising spending on entertainment needs) – the conclusion that prostitution is the source of prosperity (once there is debate among UK economists.

If “self-help” and best-sellers are mostly affected by “Halo Effect”, what is the secret and the way to long-term success for individuals and organizations?

Invite the doctors to read The Halo Effect, or take the time to wait for Meraki in another future review section.

(From Meraki)