A response to Who Moved My Cheese. Apparently, this author thought that WMMC turned a lot of otherwise productive and creative individuals into mindleA response to Who Moved My Cheese. Apparently, this author thought that WMMC turned a lot of otherwise productive and creative individuals into mindless automatons.
I didn't read WMMC, but it must have used a mouse-maze analogy to argue that people shouldn’t sit around worrying about change they can’t control (missing cheese) they should just get on with life and (and find cheese somewhere else).
I Moved Your Cheese uses the same analogy to communicate that it is not always best to simply accept change. It is very open ended, using the stories of three different mice to describe different ways the mice respond to the mystery of the missing cheese.
I like the overall style, and the fact that the lesson is open ended and the message largely symbolic. The reader is left to interpret the story in a way that seems beneficial. On the other hand, I bet I that if I had read WMMC I would likely take issue with the Malhotra’s very one sided interpretation.
In the end, it is neither impressive nor very disappointing, mainly because it is too short to be either. I'm glad that I only spent $0.99 on this one.
This book is about how people tend to create barriers between themselves and other people, and how we tend to act in ways that cause other people to wThis book is about how people tend to create barriers between themselves and other people, and how we tend to act in ways that cause other people to work against us. It is rather short and simple - it took me perhaps 2-3 hours to read, all told.
I think I would rather read this book than take the training course associated with it. It is written from the point of view of a person being trained on this topic, complete with the doubts and reservations one might have while taking a training course for a job.
There is nothing really earth-shattering here; everything discussed is pretty much common sense. The problem is that a lot of time people forget about these things. It is useful to take a step back now and then and review our own behavior....more
This edition combines “the classic text on value investing” with a foreword by John C. Bogle, the founder or the Vanguard Group. Not surprisingly, BogThis edition combines “the classic text on value investing” with a foreword by John C. Bogle, the founder or the Vanguard Group. Not surprisingly, Bogle’s foreword unabashedly promotes investing in passively managed index funds, using quotes of Graham to bolster his position, while Graham’s actual text is somewhat favorable on the topic but mostly lukewarm.
I first heard about this book while reading about the investment strategies of a certain student of Benjamin Graham. You may have heard of him: his name starts with “W” and ends with “arren Buffet”. It was interesting to read this book and see the original text and examples which have often been cited by Buffet himself. It was also interesting to see where Buffet and Graham disagree.
Buffet and Graham agree on several things . For one, they agree that market timing strategies and growth-investing are largely speculative and impossible to reliably implement, while an investment strategy based on value investing will usually achieve good results in a diversified portfolio. They both believe that the key to value investing is purchasing stocks that are selling well below their “intrinsic” value. Thus, the majority of the text discusses the different factors involved in evaluating the value of a business.
One interesting point where Buffet and Graham disagree is on the topic of dividends. Graham argues that investors should only invest in issues that pay a reasonable dividend. Buffet’s own company, Berkshire Hathaway never pays dividends. Graham believes that a company that doesn’t pay a dividend is acting irresponsibly by favoring the interests of the larger shareholders over the smaller minority shareholders, while Buffet believes that it is in the interest of all the shareholders for the company to reinvest its earnings if it can do so at a better return than the market indexes.
This is an investment book written in the 40’s. Although much of it is still useful today, specific examples are largely out of date. The security analysis is impacted enormously by the then recent advent of World War II as well as the slightly more distant Great Depression. I suspect, for example, that Graham would no longer hold to his insistence that, for individual investors, US Savings Bonds are nearly always better investments than corporate bounds.
Overall, I was interested in this book mostly because of the association of its author with Warren Buffet. As far as a practical guide to investing, it has some good information but I would hope that there exists a more up-to-date guide on value investing.
 My assessments of Warren Buffet’s investment strategies are based mostly on some random book I read a long time ago of which I cannot remember the name, and also on a certain amount of perusal of his letters to the shareholders of his company, Berkshire Hathaway. ...more