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The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich

Timothy Ferriss

The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich Timothy Ferriss Amazon Price: $13.57
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Customer Reviews:
Total reviews: 780 Average rating: 4.5 of 5

Editorial Review:

What do you do? Tim Ferriss has trouble answering the question. Depending on when you ask this
controversial Princeton University guest lecturer, he might answer:

“I race motorcycles in Europe.”
“I ski in the Andes.”
“I scuba dive in Panama.”
“I dance tango in Buenos Aires.”

He has spent more than five years learning the secrets of the New Rich, a fast-growing subculture who has abandoned the “deferred-life plan” and instead mastered the new currencies—time and mobility—to create luxury lifestyles in the here and now.

Whether you are an overworked employee or an entrepreneur trapped in your own business, this book is the compass for a new and revolutionary world. Join Tim Ferriss as he teaches you:

• How to outsource your life to overseas virtual assistants for $5 per hour and do whatever you want
• How blue-chip escape artists travel the world without quitting their jobs
• How to eliminate 50% of your work in 48 hours using the principles of a forgotten Italian economist
• How to trade a long-haul career for short work bursts and freuent "mini-retirements"
• What the crucial difference is between absolute and relative income
• How to train your boss to value performance over presence, or kill your job (or company) if it’s beyond repair
• What automated cash-flow “muses” are and how to create one in 2 to 4 weeks
• How to cultivate selective ignorance—and create time—with a low-information diet
• What the management secrets of Remote Control CEOs are
• How to get free housing worldwide and airfare at 50–80% off
• How to fill the void and create a meaningful life after removing work and the office

You can have it all—really.

Liar's Poker: Rising Through the Wreckage on Wall Street

Michael Lewis

Liar's Poker: Rising Through the Wreckage on Wall Street Michael Lewis Amazon Price: $9.69
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Customer Reviews:
Total reviews: 223 Average rating: 4.5 of 5

it is enough 5 out of 5 stars.
1 of 2 people found this review helpful.

Michael Lewis describes his corner of wall street pretty well. The 1980s bond market. He continually contrasts the practice and culture of trading bonds with the dogma of Economics.

Over the course of the book it becomes easy to draw parallels between Wall Street and Feudal Europe. The Economists are like the Catholic Church in Feudal Europe. The Traders are like the Nobles and Royalty in Medieval Europe. The Job of the Nobles is to fight other Nobles over the right to control land, rent, and protection fees. The Job of the Church is to teach people who aren't Nobles that they should do what the Nobles tell them to. In exchange, the Church will occasionally ask the Nobles to behave a little better.

Editorial Review:

In fiction there was Bonfire of the Vanities; in reality, there is Liar's Poker--the fascinating insider's account of what really happens on Wall Street. This irreverent and hilarious birds-eye view of Wall Street's heyday will appeal to anyone intrigued by the allure of million dollar deals. Now in trade paper. First serial to Manhattan Inc.

Tribes: We Need You to Lead Us

Seth Godin

Tribes: We Need You to Lead Us Seth Godin Amazon Price: $11.99
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Total reviews: 53 Average rating: 4.5 of 5

Editorial Review:

A tribe is any group of people, large or small, who are connected to one another, a leader, and an idea. For millions of years, humans have been seeking out tribes, be they religious, ethnic, economic, political, or even musical (think of the Deadheads). It’s our nature.

Now the Internet has eliminated the barriers of geography, cost, and time. All those blogs and social networking sites are helping existing tribes get bigger. But more important, they’re enabling countless new tribes to be born—groups of ten or ten thousand or ten million who care about their iPhones, or a political campaign, or a new way to fight global warming.

And so the key question: Who is going to lead us?

The Web can do amazing things, but it can’t provide leadership. That still has to come from individuals— people just like you who have passion about something. The explosion in tribes means that anyone who wants to make a difference now has the tools at her fingertips.

If you think leadership is for other people, think again—leaders come in surprising packages. Consider Joel Spolsky and his international tribe of scary-smart software engineers. Or Gary Vaynerhuck, a wine expert with a devoted following of enthusiasts. Chris Sharma leads a tribe of rock climbers up impossible cliff faces, while Mich Mathews, a VP at Microsoft, runs her internal tribe of marketers from her cube in Seattle. All they have in common is the desire to change things, the ability to connect a tribe, and the willingness to lead.

If you ignore this opportunity, you risk turning into a “sheepwalker”—someone who fights to protect the status quo at all costs, never asking if obedience is doing you (or your organization) any good. Sheepwalkers don’t do very well these days.

Tribes will make you think (really think) about the opportunities in leading your fellow employees, customers, investors, believers, hobbyists, or readers. . . . It’s not easy, but it’s easier than you think.

The Great Crash of 1929

John Kenneth Galbraith

The Great Crash of 1929 John Kenneth Galbraith Amazon Price: $9.71
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Customer Reviews:
Total reviews: 49 Average rating: 4.0 of 5

The History of Now 5 out of 5 stars.
4 of 4 people found this review helpful.

First published in 1954, this book is understandably piquing interest because of the current financial issues facing the United States and world. The causes of the 1929 crash do seem similar in many ways to the current issues of today in 2008. However, many circumstances are similar, as many are different.

But also similar, there seems to be a rule about the phenomenon of Karma in individual human behavior. And this rule of Karma seems to apply to investing behavior.

Author John Galbraith provides evidence for his argument that cheap and easy credit wasn't the major reason for the bubble-like conditions that led to the crash, but that the real factor was "speculation for the sake of speculating." Speculation for the sake of speculation caused prices to artificially rise to extremely high levels simply because investors were buying with the intent to sell for a profit ---> and the next buyer would do the same, and so on.

During the 1920s many conditions inside and outside of the US financial markets provided a sense of false prosperity which was actually based on greed and speculation for the pure sake of speculation. These strong aspects of human mind and behavior that propel steep rising bubbles and steep downward slides. It's interesting how human psychology plays such a large role when markets rise in bubbles and then sharply decline. Mania involves greed on the way up, and fear on the way down.

From this 50+ year-old book (with an update in the late 1990s), a reader will immediately realize some of the parallels of 1929 that exist in 2008: This does not mean the same results will happen, however. But they could happen....

Gailbrath notes the significant inequality in income distribution that existed in 1929, deregulation of the banking industry, poor leadership, and bad policy and decision-making by the government because of economic ignorance and myopia. This ignorance is referred to by the author as a lack of "economic intelligence." Today, look at the current cast of characters in their *appointed* economic-power positions, and the criticism they're receiving for not only what they did *not* do, but what they *did* do once the financial downward spiral started unraveling.

As a historian, the author also noted another concept from then that reminds us of current times: the Florida real-estate bubble of the 1920s. In addition to buying land, people could by the "option to buy land" on a piece of paper. They could then re-sell it, where the option would be re-sold and re-sold again, and so on, and so on. Again, speculation for the sake of speculation. These buy-options and other means, were creative financing, and over-extended lending, and excessive leveraging. Just like today, and just like then, the result was a hard fall.

Housing bubbles have happened before. A disturbing concept of until recently was people treating their owner-occupied home - the home a person lives in - as an speculative investment and ATM machine during the big leaps in equity increases. Conditions caused by human "bubble-behavior" on the way up, at the peak, and on the way down.

John K. Galbraith noted over 50 years ago in this book that "money doesn't grow on trees." Nor does money grow on Collateralized Debt Obligations (CDOs) that are fraudulently rated AAA when they are not, and then sold to the world. Credit Default Swaps, Helocs, ARMs, teaser rates, and NINJA. Money cannot be invented out of nothing. Call it Karma, physics, or the fundamental concepts of investing. Making money out of thin air can only last a short time, with negative consequences often the result. The author stated that as time passes and the seismic crash of '29 fades from memory only to be highlighted as a side-note in history books: that rampant speculation, greed, and bubbles will happen again, followed by an inevitable bust.

"Those who cannot remember the past are condemned to repeat it."
~ George Santayana, The Life of Reason, Volume 1, 1905

As a layman who consistently attempts to self-educate myself about economic events, I do see a similar, yet also very different type of crash happening today as in 1929. Currently I see it as a steady decline. A slow and steady decline, that will be long-term and bring a lower standard of living. People will to have change their focus about what is important in life, if they'll be able to cope with the new economic circumstances and world that we'll be living in.

This is a well-written and good historical book by Kenneth Galbraith.

Editorial Review:

Of Galbraith's classic examination of the 1929 financial collapse, the Atlantic Monthly said:"Economic writings are seldom notable for their entertainment value, but this book is. Galbraith's prose has grace and wit, and he distills a good deal of sardonic fun from the whopping errors of the nation's oracles and the wondrous antics of the financial community." Now, with the stock market riding historic highs, the celebrated economist returns with new insights on the legacy of our past and the consequences of blind optimism and power plays within the financial community.

Enough: True Measures of Money, Business, and Life

John C. Bogle

Enough: True Measures of Money, Business, and Life John C. Bogle Amazon Price: $16.47
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Total reviews: 9 Average rating: 5.0 of 5

Editorial Review:

For a critical element of American society, including many of its wealthiest and most powerful, there seems to be no limit today on what "enough" entails.

The excesses are most starkly visible in the continuing crisis in banking and investment, and even in the two enormous government-sponsored (but publicly owned) mortgage lenders, to say nothing of the billion-dollar-plus annual paychecks that top hedge-fund managers draw down and the excessive compensation paid to CEOs, regardless of  performance.

Throughout his legendary career, John Bogle—founder of the Vanguard mutual fund group, and creator of the first index mutual fund—has helped investors build wealth the right way and led a tireless campaign to restore common sense to the investment world. Along the way, he’s seen how destructive an obsession with financial success can be. Now, with Enough, he puts this dilemma in perspective.

Bogle offers his unparalleled insights on money, on the values we should emulate in our business and professional callings, and on what we should consider as the true treasures in our lives. By explaining what "enough" truly is, he demonstrates how close everyone can be to having it.

The Return of Depression Economics and the Crisis of 2008

Paul Krugman

The Return of Depression Economics and the Crisis of 2008 Paul Krugman Amazon Price: $16.47
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Customer Reviews:
Total reviews: 4 Average rating: 3.5 of 5

Editorial Review:

In 1999, in The Return of Depression Economics, Paul Krugman surveyed the economic crises that had swept across Asia and Latin America, and pointed out that those crises were a warning for all of us: like diseases that have become resistant to antibiotics, the economic maladies that caused the Great Depression were making a comeback. In the years that followed, as Wall Street boomed and financial wheeler-dealers made vast profits, the international crises of the 1990s faded from memory. But now depression economics has come to America: when the great housing bubble of the mid-2000s burst, the U.S. financial system proved as vulnerable as those of developing countries caught up in earlier crises and a replay of the 1930s seems all too possible.

In this new, greatly updated edition of The Return of Depression Economics, Krugman shows how the failure of regulation to keep pace with an increasingly out-of-control financial system set the United States, and the world as a whole, up for the greatest financial crisis since the 1930s. He also lays out the steps that must be taken to contain the crisis, and turn around a world economy sliding into a deep recession. Brilliantly crafted in Krugman's trademark style--lucid, lively, and supremely informed--this new edition of The Return of Depression Economics will become an instant cornerstone of the debate over how to respond to the crisis.

The God Delusion

The God Delusion Amazon Price: $23.39
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Customer Reviews:
Total reviews: 1296 Average rating: 4.0 of 5

Book of Enlightenment. Everyone should read this! 5 out of 5 stars.
1 of 2 people found this review helpful.

This should be a requirement in schools! I'm glad people are finally speaking out against religion. This book gives you details of why a belief in gods is so stupid. I wish everyone would read this book!

Interesting But Disappointing 3 out of 5 stars.
1 of 2 people found this review helpful.

I was looking forward to a well-reasoned argument by Richard Dawkins' demonstrating that the existence of God is "unlikely". No such argument exists in this book.

Dawkins' description of how a combination of evolution, many planets, and possibly many universes can explain creation is quite worthy. It was fascinating and fun to read how all of pieces of the puzzle might fit together.

However, Dawkins argument attempting to demonstrate that the existence of God is unlikely was quite flawed. Essentially, he commits a fallacy similar to those with which he browbeats his competition. Having no knowledge or evidence of the nature of God, he concluded that God is complex, very complex! Why? Just because, apparently. That's not the only flaw in Dawkins' reasoning.

It was also kind of creepy when he constantly referred to the study of evolution as "consciousness raising".

Editorial Review:

Richard Dawkins, whom Discover magazine recently called "Darwin's Rottweiler" for his fierce and effective defense of evolution, now turns his considerable intellect on religion, denouncing its faulty logic and the suffering it causes. He eviscerates the major arguments for religion and demonstrates the supreme improbability of a supreme being. He shows how religion fuels war, foments bigotry, and abuses children, buttressing his points with historical and contemporary evidence. In so doing, he makes a compelling case that belief in God is not just irrational, but potentially deadly.

The Official Guide for GMAT Review, 11th Edition

Graduate Management Admission Council

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Total reviews: 151 Average rating: 4.5 of 5

Essential for good score....master it completely 4 out of 5 stars.
1 of 1 people found this review helpful.

Official Guide, as the name suggests, is an official collection of retired GMAT questions, published by GMAC, who own GMAT. Here, I will review this book and its importance in the overall preparation.

First, I was short on time in preparing for GMAT and applying in time. So, I didn't had time to go over all the material and guides available in this universe, and then compare and review them.

Second, before you start your preparation, or make your plan, you need to understand what GMAT is and what it measures. Then try to understand how much time and effort you will need to achieve a good score, for the school(s) you are applying to.

- OG will certainly help you to understand what is GMAT, what it measures and how the different sections test your those capabilities.
- The Diagnostic Test, taken under strict examination conditions, will measure your current performance and identify the areas you need to focus.
- The Verbal and Quant sections of OG are mainly a collection of past GMAT questions, their answers, and explanatory solutions.
- There is very little theory/concepts and very generic strategies. However, do read them carefully.

Once you identify the areas you need to focus on, find the guides with concepts, fundamentals, and tips and tricks. Do your research by reading reviews, and consulting your peers who have used them in past. Every guide is different and have different difficulty levels. What works for one may not work for another.

For Sentence Correction, I will recommend Sentence Correction GMAT Preparation Guide (Manhattan GMAT Preparation Guides). For other sections, I used an old, borrowed edition of Nova's GMAT Prep Course (with Online Course). Unfortunately, I cannot comment about Kaplan, Princeton, Veritas etc since my aim was to get a good score and not compare all these guides. (I spent 3 weeks overall and got a very decent score)

Coming back to OG, here is what I recommend:
- Do all the questions.
- Do all the questions, at least three times. By doing so, you can master a lot of concepts and calculations.
- Do not get discouraged if you get low scores on simulated tests of the other study guides. Actual GMAT level is closest to this OG. Other guides' sample exams have a hidden marketing motive too. They want you to buy their books or take their course. So, their questions' level may not be same as that of actual GMAT. In fact, I found some of them very difficult. (Won't take names, but I took those online free sample exams from those famous names in Study Guides & preps)
- If you have time, get GMAC's Verbal and Quant supplements to practice more & more.

At last, it's all about speed & accuracy. Best of Luck!

The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)

Benjamin Graham, Jason Zweig

The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) Benjamin Graham, Jason Zweig Amazon Price: $13.57
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Total reviews: 133 Average rating: 4.5 of 5

Editorial Review:

More than one million hardcovers sold
Now available for the first time in paperback!

The Classic Text Annotated to Update Graham's Timeless Wisdom for Today's Market Conditions

The greatest investment advisor of the twentieth century, Benjamin Graham taught and inspired people worldwide. Graham's philosophy of "value investing" -- which shields investors from substantial error and teaches them to develop long-term strategies -- has made The Intelligent Investor the stock market bible ever since its original publication in 1949.

Over the years, market developments have proven the wisdom of Graham's strategies. While preserving the integrity of Graham's original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today's market, draws parallels between Graham's examples and today's financial headlines, and gives readers a more thorough understanding of how to apply Graham's principles.

Vital and indispensable, this HarperBusiness Essentials edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.

Skinny Bitch: A No-Nonsense, Tough-Love Guide for Savvy Girls Who Want to Stop Eating Crap and Start Looking Fabulous

Rory Freedman; Kim Barnouin

Skinny Bitch: A No-Nonsense, Tough-Love Guide for Savvy Girls Who Want to Stop Eating Crap and Start Looking Fabulous Rory Freedman; Kim Barnouin Amazon Price: $19.59
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Subjects -> Health, Mind & Body -> Diets & Weight Loss -> Diets -> Weight Loss

Customer Reviews:
Total reviews: 818 Average rating: 3.0 of 5

a life-changer 5 out of 5 stars.
1 of 2 people found this review helpful.

Read the book and laughed out loud.
Cried at the horrible parts.
Finished the book on July 4 2008.
Tried to eat a cheeseburger that night, but couldn't finish it.
Decided that night to go vegan.
Cleaned out cupboards and freezer on July 5 2008.
Went grocery shopping, it took me 4 hours.
Much faster at it now, and spend less money.
Fast forward 4 months.
2 pant sizes smaller.
smooth, clear skin.
Energy.
Happier.
Glass is half-full now.
Never in my life has a single book had so much impact.
Thank you Kim and Rory.
Thank you. Thank you. Thank you.

Wake-up call! 5 out of 5 stars.
1 of 1 people found this review helpful.

I borrowed this book from a co-worker because I didn't want to snark it without reading it. Yes, my intentions were wholly bad.
Instead, I was spurred to do some research on factory slaughterhouses, the FDA, and the USDA, and I was shocked into a mostly vegan diet. I say 'mostly' because if I ever have the opportunity to eat one of my (geographically distant) friend's pampered chickens, raised from chicks on her small family farm with love, fed pure organic feed, and killed as humanely as possible, I will probably do so, if the killin' doesn't freak me out (it's easier to eat 'chicken' than 'pretty white hen I just fed from my own hand while little yellow chicks scurried around'). But since a similar opportunity will never present itself within 1000 miles of my home, I will abstain from all other animal products, even if I can't call myself a 'vegan'.
Since adopting this lifestyle, I've kicked my sugar addiction, am sleeping without wine or pills (Benadryl, not barbituates...this ain't Valley of the Dolls!), have more energy, clear skin, and am eating better than ever before. I've been steadily losing the twenty-five pounds I'd gained over the last two years while never feeling hungry or deprived. When I cleaned out my pantry and refrigerator, I was stunned to find that most of my food was vegan. I quit dairy long ago due to allergies, so in addition to some beef and chicken broth, the only non-vegan thing I had to pitch was some instant oatmeal that contained casein. It's easier than you might think.
Skinny Bitch does use some silly science, which I disregarded. But the chapter You Are What You Eat provides some compelling evidence of the cruelty and revolting sanitation practices present in factory farms and slaughterhouses. If you have been on the fence about eating meat, this chapter alone will push you towards vegetarianism or veganism. If you want to keep eating meat and dairy, it may push you to become extremely selective about where you obtain your meat and dairy, which may dramatically limit your consumption.
All in all, an easy, informative read. I wasn't offended by the profanity or casual writing style; I find a lot of vegan-focused writing to be preachy or insufferably hippie-fied, so this was a refreshing change.

Editorial Review:

Not your typical boring diet book, this is a tart-tongued, no-holds-barred wake-up call to all women who want to be thin.

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