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Friday, June 29, 2012

Psych yourself rich : get the mindset and discipline you need to build your financial life

View full imageby Farnoosh Torabi.   (Find the Book)
Although she doesn't have the name recognition of personal finance guru Dave Ramsey, money coach and former TheStreet.com business show host Torabi shares tips for clearly evaluating your personal finances, establishing money goals, getting and staying out of debt, and -investing. --Library journal

Friday, June 22, 2012

The hour between dog and wolf : risk-taking, gut feelings and the biology of boom and bust

View full imageby John Coates.               (Find the Book)
Coates' contribution to the high-interest topic of decision making the arena of popular titles by Jonah Lehrer (How We Decide, 2009) and Daniel Kahneman (Thinking, Fast and Slow, 2011) hails from the realm of investment banking. A former financial trader, Coates combines his real-world experience and his clinical study of human physiology into a story of Wall Street speculators in action. Setting them as fictional characters in a bull market that turns into a bear, Coates constructs a perspective on financial bubbles in which the human endocrine and nervous systems are the central although unconscious actors. As his traders scan their screens, Coates dramatizes surges of hormones and firings of neurons as the traders place bets, comparing the traders' bodily sensations to those of athletes in competition and soldiers in combat. When crashing securities crush irrational exuberance, Coates reaches back to evolutionary biology to describe the fight-or-flight stressors besetting his traders. A provocative challenger to rational-choice views of high finance, Coates makes an exceptionally clear, readable presentation that is bound to influence arguments about the regulation of Wall Street. --Booklist

Friday, June 15, 2012

The behavior gap : simple ways to stop doing dumb things with money

View full imageby Carl Richards.              (Find the Book)
In this accessible book, financial planner and Morningstar Advisor columnist Richards sits down to talk about money and the crazy choices we make. Through personal stories and simple ideas enlivened with a touch of imagery (often literally sketched on the back of a napkin), Richards explains why we keep making bad choices and shows us that we're often making decisions with our emotions rather than our intellect. However, Richards isn't saying that investors try to eradicate their emotions; rather, they should aim for an investment strategy that balances managing fear and greed in a way that "truly reflects your own emotional strengths and weaknesses." Once readers recognize what influences their decisions, they'll be much better able to act rationally. Richards then covers a vast array of topics, from investor emotions to information overload. He offers suggestions for combatting decisions that might be overly influenced by emotions, such as in periods of market turmoil, by taking "the overnight test," trying a media fast, or simply finding your focus. Whether relating a Zen story or talking about the Economist smirk, Richards succeeds in showing us how what we often think is right regarding investments rarely is
 . --Publishers weekly

Friday, June 8, 2012

All in : how the best managers create a culture of belief and drive big results

View full imageby Adrian Gostick.                 (Find the Book)
To have any hope of succeeding as a manager, you need to get your people all in . Whether you manage the smallest of teams or a multi-continent organization, you are the owner of a work culture--congratulations--and few things will have a bigger impact on your performance than getting your people to buy into your ideas and your cause and to believe what they do matters. Bestselling authors of The Carrot Principle and The Orange Revolution, Adrian Gostick and Chester Elton return to answer the most overlooked leadership questions of our day: Why are some managers able to get their employees to commit wholeheartedly to their culture and give that extra push that leads to outstanding results? And how can managers at any level build and sustain a profitable, vibrant work-group culture of their own? These leading workplace experts teamed up with research giant Towers Watson to analyze an unprecedented 300,000-person study, and they made a groundbreaking finding: managers of the highest-performing work groups create a "culture of belief. --Summary

Friday, June 1, 2012

Modern New York : the life and economics of a city

View full imageby Greg David.              (Find the Book)Financial journalist David traces the economic evolution of New York City from the 1960s, with Mayor John Lindsay and his belief that business should provide revenue for city government to right social imbalances. Mayor Ed Koch revived the city's health in the 1970s, and the Wall Street boom of the 1980s ended in the 1987 crash. Mayor David Dinkins' reign began in 1990 as he sought to stimulate the city's recovery from the financial crisis as the economy contracted and the city's crime rate soared. Four years later Mayor Rudy Giuliani focused on two issues putting the city's finances in order and reducing the appalling crime rate and Mayor Michael Bloomberg followed soon after 9/11, winning by 30,000 votes. The author concludes, Barring another meltdown or terrorist attack, the New York that Michael Bloomberg will turn over to his successor on January 1, 2014, will be prosperous, safe, sound, and a magnet for the rest of the nation, if not the world. A compelling account. --Booklist