April 05, 2004

Biz Books

Been listening/reading a bunch of money-oriented books lately.

The Millionaire Next Door gets an "eh, blah". It's worth a library checkout but not a buy. There are some good lessons, but a lot of the stuff resonates of "the C student will rule the world". I'll put up a detailed review that will negate the need for you to actually read it.

Innovation and Entrepreneurship gets a "yay". Drucker is awesome. He presents innovation as a regularly reproducible and necessary occurrence for thriving companies. Drucker offers insights into how to nurture innovation and, equally important, how to kill it.

Wall Street Journal Guide to Understanding Money and Investing gets an "eh". It's a look at how the stock market works through 6th grade civics spectacles. The information is very basic and the layout gave me a headache after a while. It's a loud 100+ page pamphlet. As a primer, it serves its purpose. Check this out from your local library and give this a read-through if you don't know anything about how money/investments work. After reading this, you won't know how to pick stocks, but you'll know what they are. One semi-major complaint is that this book doesn't cover compound interest. Any basic finance-oriented book needs to go over the idea of compound interest because it is THE motivation for putting your money into investments rather than your piggy bank.

Posted by kstroke at April 5, 2004 05:10 PM
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