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A review by joshmaher
The Man Who Owns the News: Inside the Secret World of Rupert Murdoch by Michael Wolff
3.0
This one was ok, good to learn a little more about Rupert Murdoch as a person... but it didn't really get very inside his world. If you're researching media companies though it's good to have some perspective and background and this book definitely adds to that.
One of the statements in the book is about Rupert not thinking of businesses as just a balance sheet. He thought of them as a balance sheet + their ability to give him influence. This drove decisions that were unprofitable and decisions that were profitable. Meaning an investor should really understand what the founder or CEO cares about beyond the financial health of the company and if you're an investor does that other benefit also benefit you... or does it potentially hurt you?
One of the statements in the book is about Rupert not thinking of businesses as just a balance sheet. He thought of them as a balance sheet + their ability to give him influence. This drove decisions that were unprofitable and decisions that were profitable. Meaning an investor should really understand what the founder or CEO cares about beyond the financial health of the company and if you're an investor does that other benefit also benefit you... or does it potentially hurt you?