Tuesday, December 10, 2013

Ten Best Non-Fiction Books I Read in 2013



While my non-fiction reading tastes are relatively eclectic, they generally reflect my current attitude and interests at this present time. As I get older, I tend to read books that make me more reflective and introspective. My list below contains books on psychology, history, business, philosophy, and sports. They informed, entertained, and made me think.

The first two books reflect my never-ending pursuit of self-improvement. The older I get, the better I want to think and improve my judgment.

I included the Julian Barnes book because it was so well written and reached within my heart and soul. The author is not much older than me but he describes his life after the death of his beloved wife.  

Regrettably it seems, the older I get, the harder I find it to read what I consider a five-star book. I am always looking for the book with new ideas, perspectives and information. My breadth of interests and topics has narrowed also.




Mastermind: How to Think Like Sherlock Holmes by Maria Konnikova

Levels of Life by Julian Barnes

No Easy Day: The First Hand Story of the Mission that Killed Osama bin Laden by Mark Owen

What Money Can't Buy: The Moral Limits of the Markets  by Michael J. Sandel

Big Data: A Revolution that Will Transform How We Live,  Work and Think by Viktor Mayer-Schonberger and  Kenneth Cukier 

Leadocracy: Hiring More Great Leaders Like You into Public Service by Geoff Smart

The System:  The Glory and Scandal of Big-time College Football by Jeff Benedict and Armen Keteyian

Double Down: Game Change 2012 by Mark Halperin and John Heilemann

The Unwinding: a Inner History of the New America by George Packer





Thursday, November 7, 2013

Levels of Life by Julian Barnes

 When we killed or exiled God, we also killed ourselves. Did we noticed that sufficiently at the time? No God, no afterlife, no us. We were right to kill him, of course, this long-standing imaginary friend of ours. And we weren't going to get an afterlife anyway. But we sawed off the branch that we were sitting on. And the view from there, from that height, even if it was only the illusion of the view, wasn't so bad.

After a few months, I began to brave public places and go out to a play, a concert, an opera. But I found that I developed a terror of the foyer. Not of the space itself, but what it contained: cheerful, expectant, normal people looking forward to enjoying themselves. I couldn't bear the noise and the look of placid normality: just more busloads of people indifferent to my wife's dying.

I told one of the few Christians I know that she was seriously ill. He replied that he would pray for her. I didn't object, but shockingly soon found myself informing him, not without bitterness, that his God didn't seem to have been very effective.

Saturday, May 18, 2013

Big Data: A Revolution That Will Transform How We Live, Work, and Think.

Takeaways from the book written by Viktor Mayer-Schonberger and Kenneth Cukier.


  • Google could project the spread of the winter flu in the United States, not just nationally, but down to specific regions and even states. The company could achieve this by looking at what people were searching for on the Internet.
  • Data has become a raw material of business, a vital economic input, used to create a new form of economic value. In fact, with the right mindset, data can be cleverly reused to become a fountain of innovation and new services.
  • Big data is all about seeing and understanding the relations within and among pieces of information that, until very recently, we struggled to fully grasp.
  • The concept of sampling no longer makes as much sense when we can harness large amounts of data. Hence Google flu trends doesn't rely on a small random sample but instead uses billions of Internet search queries in United States.
  • For a long time, random sampling was a good shortcut. It made analysis of large data problems possible in the pre-digital air. But much as when converting a good digital image or song into a smaller file, information is lost when sampling.
  • Using all available data is feasible in an increasing number of contexts. But it comes at a cost. Increasing the volume opens the door to inexactitude. 
  • Big data, with its emphasis on comprehensive data sets and messiness, helps us get closer to reality that did our dependence on small data and accuracy.
  • Correlations are useful in a small Data-world what in the context of big data they really shine.
  • Today a third of all Amazon sales are said to result from its recommendation and personalization systems. 
  • Following Amazon's  lead, thousands of websites are able to recommend products, content, friends, and groups without knowing why people are likely to be interested in them.
  • To determine how likely people are to take their medication, FICO analyzes a wealth of materials including ones that may seem irrelevant, such as how long people have lived at the same address, if they are married, how long they've been in the same job, and whether they own a car.
  • Target knows what a woman is pregnant without the mother to be explicitly telling it so. Basically, it's method is to harvest data and let the correlations do their work. Targets marketers turned to its analytics division to see if there was a way to discover customers pregnancies through their purchasing patterns. the Target team ultimately uncovered around two dozen products that, used as proxies, enabled the company to calculate a pregnancy prediction score for every customer who paid with a credit card or used their loyalty card or mailed coupons.
  • The shipping company UPS has used predictive analytics since the late 2000s to monitor its fleet of 60,000 vehicles in the United States and know when to perform preventative maintenance.
  • What makes the Decide.com special isn't that the data: the company relies of information it license from E-commerce sites and scrapes off the Web, where it is free for the taking. What makes Decide.com special is the idea: the company has a big data mindset. It spied an opportunity and recognized that certain data could be mined to reveal valuable secrets.
  • MasterCard discovered, among other things, that if people fill up their gas tanks at around 4 o'clock in the afternoon, there are quite likely to spend between $35 and $50 in the next hour in a grocery store or restaurant. As a middleman to information flows, MasterCard is in a prime position to collect data and captures you. One can imagine a future when credit card companies forgo their commissions on transactions, processing them for free in return for access to more data, and earn income from highly sophisticated analytics based on it.
  • Statisticians are supplanting scouts in baseball ( Moneyball book by Michael Lewis). The subject matter expert, the substantive specialist, will lose some of their luster compared with the statistician and data analyst, who are unfettered by the old ways of doing things and let the data speak.

Saturday, April 20, 2013

So Good They Can't Ignore You: Why Skills Trump Passion in the Quest for Work You Love


Some Takeaways From The Book By Cal Newport;


Compelling careers often have complex origins that reject the simple idea that all you have to do is follow your passion.

Self-determination theory tells us that motivation, in the workplace or elsewhere, requires that you fulfill three basic psychological needs----factors described as the nutriments required to feel intrinsically motivated for your work;


  • Autonomy: the feeling that you have control over your day, and that your actions are important
  • Competence: the feeling that you are good at what you do
  • Relatedness: the feeling of connection to other people
There are two reasons why I dislike the passion mindset:
  • First, when you focus only on what your work offers you, it makes you hyper aware of what you don't like about it, leading to chronic unhappiness.
  • Second, and more serious,  the deep questions driving the passion mindset "Who am I" and "What do I truly love" are essentially impossible to confirm.
Three traits that define great work: creativity, impact, and control.

Deliberate practice provides the key to excellence in a diverse array fields, among which are chess, medicine, auditing, computer programming, bridge, physics, sports, typing, and music.

It is a lifetime accumulation of deliberate practice that again and again ends up explaining excellence.

To successfully adopt a craftsman mindset, therefore, we have to approach our jobs in the same way as Jordan approaches his guitar playing or Gary Kasparov off his chess training, with a dedication to deliberate practice.

Mike's goal with his spreadsheet is to become more intentional about how his work day unfolds. "The easiest thing to do is to show up to work in the morning and just respond to email the whole day,"

The five habits of a craftsman:

Step One: Decide What Capital Market You're In
Step Two: Identify Your Capital Type
Step Three: Define Good
Step Four: Stretch And Destroy
Step Five: Be Patient---Acquiring capital can take time. For Alex, it took about two years of serious deliberate practice before his first television script was produced.

Deliberate practice is an approach the work where you deliberately stretch your abilities beyond where you're comfortable and then receive ruthless feedback on your performance.

Musicians, athletes, and chess players know all about deliberate practice. Knowledge workers, however, do not. For example,  Chris Rock will make somewhere between 40 to 50 unannounced visits to a small New Jersey area comedy club to help him figure out what material works and which doesn't.

Giving people more control over what they do and how they do it increases their happiness, engagement, and sense of fulfillment.

Working right trumps finding the right work.

Don't obsess over discovering your true calling. Instead, master rare and valuable skills. Once you build up the career capital that these skills generate, invest it wisely. Use it to acquire control over what you do and how you do it, and to identify and act on a life-changing mission.

Tuesday, December 18, 2012

Best Non-Fiction Reading of 2012


It turns out I have two favorite books for five different categories...


Big Picture (Life and Death)

Winter Journal
By Paul Auster
I loved this book! I am four years older than the author so I understood all his ruminations, regrets and sorrows as he reviewed his life. I have not led half of an interesting life as Auster but I identified with so much of his childhood and adolescent experiences.

Mortality
By Christopher Hitchens
An author describing the end of his life usually makes for a very depressing book. However Hitchens faced his death with courage and perspective. A book that very few, if any authors, could easily write.

Current Events
End This Depression Now
By Paul Krugman
Generally I find books about economics very daunting to read. However you won't need a MBA from Wharton to understand this book. Krugman explains, in plain language, what happened during the economic meltdown and his ideas on how to resolve unemployment and improve the U.S. economy.

Time to Start Thinking: America in the Age of Descent
By Edward Luce
Sobering view of the economic, education, government and culture status of the United States. In many ways, a depressing book as our leaders and ourselves have done a very poor job in addressing crushing problems now and more coming in the future.

Economic Meltdown
The Lost Bank: The Story of Washington Mutual-The Biggest Bank Failure in American History
By Kirsten Grind
Excellent storytelling and research around the demise of Washington Mutual. The demise can be laid to the housing crisis, subprime lending, poor management and inadequate risk management. Maybe the best business book I read this year.

A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers
By Lawrence McDonald
Excellent inside story of the fall of Lehman Brothers. Anyone who is involved in Risk Management should read this book as a cautionary tale.

History
Inferno The World War: 1939-1945
By Max Hastings
Best book about the events, people and horrors of World War II that I have read! Many fascinating personal stories!

500 Days: Secrets and Lies in the Terror Wars
By Kurt Eichenwald
Excellently researched and written. Gripping personal stories of people involved in national security events after 9-11. But a very depressing story about the missteps and failures of the Bush Administration after 9-11, particularly as it related to Iraq and our handling of potential terrorists.

Sports:
One on One: Behind the Scenes with the Greats in the Game
By John Feinstein
Feinstein is a great storyteller. He describes his experiences and feelings about various sports luminaries like Bobby Knight, Dean Smith, John McEnroe, Ivan Lendl and more.

Dream Team: How Michael, Magic, Larry, Charles, and the Greatest Team of All Time Conquered the World and Changed the Game of Basketball Forever By Jack McCallum
Inside story about the selection and play of the 1992 U.S. Olympic Men's Basketball Team that is being called as the Greatest Basketball Team ever assembled. McCallum covered the team closely and saw its strengths and warts. He also provides details about the intrasquad game between the team headed by Michael Jordan vs. team headed by Magic Johnson

Wednesday, December 5, 2012

Excerpts:Revenge of the Reality-Based Community | The American Conservative



"All during the summer of that year, an expansion of Medicare to pay for prescription drugs for seniors was under discussion. I thought this was a dreadful idea since Medicare was already broke, but I understood that it was very popular politically. I talked myself into believing that Karl Rove was so smart that he had concocted an extremely clever plan—Bush would endorse the new benefit but do nothing to bring competing House and Senate versions of the legislation together. That way he could get credit for supporting a popular new spending program, but it would never actually be enacted.
I was shocked beyond belief when it turned out that Bush really wanted a massive, budget-busting new entitlement program after all, apparently to buy himself re-election in 2004." It’s worth remembering that Paul Ryan, among other so-called fiscal hawks, voted for this irresponsible, unfunded expansion of government.

"As we know, McCain took a sharp right turn after Obama won the Democratic nomination. The Arizona senator abandoned any pretense of being a moderate or “maverick” and spent the campaign pandering to the Republican Party’s lowest common denominator. His decision to put the grossly unqualified Sarah Palin on his ticket was nothing short of irresponsible. Perhaps more importantly, it didn’t work, and Obama won easily."

"The final line for me to cross in complete alienation from the right was my recognition that Obama is not a leftist. In fact, he’s barely a liberal—and only because the political spectrum has moved so far to the right that moderate Republicans from the past are now considered hardcore leftists by right-wing standards today. Viewed in historical context, I see Obama as actually being on the center-right."

"The economy continues to conform to textbook Keynesianism. We still need more aggregate demand, and the Republican idea that tax cuts for the rich will save us becomes more ridiculous by the day. People will long remember Mitt Romney’s politically tone-deaf attack on half the nation’s population for being losers, leeches, and moochers because he accurately articulated the right-wing worldview."

Monday, September 3, 2012

End This Depression Now by Paul Krugman *****

I don't usually read economic books because I have a hard time understanding charts and statistics that get thrown in. However this book is presented simply and is an easy read. Krugman explains the causes of our financial distress and offers ideas on how to get out of it.

Some Krugman takeaways below:

  • In April 2011, as it happens, McDonald's announced 50,000 new job openings. Roughly a million people applied.
  • There are now four job seekers for every job opening, which means that workers who lose one job find it very hard to get another.
  • The causes of long-term unemployment clearly lie with macroeconomic events and policy failures that are beyond any individual's control, yet it does not save the victims from bearing a stigma. Does being unemployed for a long time really erode work skills, and make you a poor hire?
  • The Obama stimulus didn't fail, it simply fell short of what was required ago offset the huge private sector pullback that was already under way before the stimulus kicked in.
  • For the past several years, we have been subjected to a series of dire warnings about the dangers of inflation. Yet it was clear, to those who understood the nature of the depression were in, that these warnings were all wrong and sure enough, the great inflation surge keeps not happening.
  • It's not clear, however, whether Romney believes any of the things he is currently saying. His two chief economic advisers are committed Republicans but also quite Keynesian in their views about macroeconomics.
  • All that is blocking recovery is a lack of intellectual clarity and political will. And it's the job of everyone who can make a difference, from professional economists, to politicians, to concerned citizens, to do whatever he or she can to remedy that lack.
  • The evidence is stronger than it as ever been that fiscal policies matter ----that fiscal stimulus helps the economy add jobs, and that reducing the budget deficit lowers growth at least in the near term. And yet, this evidence does not seem to be getting through to the legislative process. That's what we need to change.