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talha10ahmad 's review for:
Business Adventures
by John Brooks
I have always been averse to reading books recommended by the richest people on the planet, mostly because I don't believe that their wealth is built on some foundation of knowledge and understanding of the world gained by reading books. Broadly, the books recommended by these people are of two types: investing tips and guides and self-help / motivational books. The former ones I still believe could be helpful while the latter are all more or less the same.
In any case, among the numerous books recommended by Bill Gates, Business Adventures by John Brook is just one of them. Published in 1969, it is comprised of 12 short stories / incidents which are:
1. The stock market crash of 1963.
2. A tale of the Edsel car manufactured by Ford.
3. The success and faults of the US Federal Income Tax.
4. The first indictment of Insider Trading in the case of Texas Gulf Sulpher Company in 1963.
5. The invention and triumph of the Xerox machines.
6. The bailing out of customers of a bankrupt brokerage firm called Haupt by the US Stock Exchange in 1963-64.
7. The indictment of multiple US firms including General Electric on crime of engagement in collusion in 1960, which resulted due to miscommunication among company employees.
8. The last happening of "cutting a corner" by Clarence Saunders in the 1920s
9. Post-retirement life of David Eli Lilienthal, called the most controversial man after WWII.
10. Impact of Stockholders on Company's Annual Meetings, more specifically during the 1966 meetings
11. The case of Donald Wulgemuth whose employer filed a case against him to forbid him to switch jobs in fear of disclosing of trade secrets.
12. The defense of the pound sterling by the US Federal Reserve Bank in the 1960s.
So, this book offers something most other recommendations don't: an engaging story that doesn't contain sermons or advices. All of these short stories were fascinating from a non-American point of view and really give sone insight into post WWII business expansion in US. Since the book is published in 1969, it mostly contains stories from the 1960s which is really an interesting time for the US as it fully embraced capitalism while businesses flourished and new complexities related to private companies arose.
I doubt anyone will learn some financial management skills by reading it but it will provide you with an intriguing reading material while you are travelling in the bus or waiting at your doctor's office.
In any case, among the numerous books recommended by Bill Gates, Business Adventures by John Brook is just one of them. Published in 1969, it is comprised of 12 short stories / incidents which are:
1. The stock market crash of 1963.
2. A tale of the Edsel car manufactured by Ford.
3. The success and faults of the US Federal Income Tax.
4. The first indictment of Insider Trading in the case of Texas Gulf Sulpher Company in 1963.
5. The invention and triumph of the Xerox machines.
6. The bailing out of customers of a bankrupt brokerage firm called Haupt by the US Stock Exchange in 1963-64.
7. The indictment of multiple US firms including General Electric on crime of engagement in collusion in 1960, which resulted due to miscommunication among company employees.
8. The last happening of "cutting a corner" by Clarence Saunders in the 1920s
9. Post-retirement life of David Eli Lilienthal, called the most controversial man after WWII.
10. Impact of Stockholders on Company's Annual Meetings, more specifically during the 1966 meetings
11. The case of Donald Wulgemuth whose employer filed a case against him to forbid him to switch jobs in fear of disclosing of trade secrets.
12. The defense of the pound sterling by the US Federal Reserve Bank in the 1960s.
So, this book offers something most other recommendations don't: an engaging story that doesn't contain sermons or advices. All of these short stories were fascinating from a non-American point of view and really give sone insight into post WWII business expansion in US. Since the book is published in 1969, it mostly contains stories from the 1960s which is really an interesting time for the US as it fully embraced capitalism while businesses flourished and new complexities related to private companies arose.
I doubt anyone will learn some financial management skills by reading it but it will provide you with an intriguing reading material while you are travelling in the bus or waiting at your doctor's office.