Liron's 2017 Top Five Books
Updated: Jan 7
The following were my favorite books for 2017 and I hope you will enjoy them too.
Billion Dollar Lessons, Paul B. Carroll & Chunka Mui
The book provides a very helpful account of the history of business failures and what can be learned from them.
Before starting to read it, I suspected it might be just be an archetypical example of what hindsight bias is. I was happy to see that my concerns were unfounded.
If you are a business executive, director or investor, wait no longer and read the book, it might just save you a lot of money!
A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market, Edward O. Thorp
A fantastic story, shared with me by a partner, about a curious mathematician who broke the casino by devising a card counting computer and a device that calculates where would a roulette ball falls.
Then, he turned his attention to the stock market and found arbitrage opportunities (some of which we called Special Situations).
Ed is a fascinating, original thinker that would be beneficial for all to know.
Extraordinary Popular Delusions and the Madness of Crowds, Charles Mackay
Originally published in England in 1841 the book details how humans throughout history fell time and time again into delusional state of mind. It is far from an easy read and probably contains too many examples, but I found it educational.
Alexander Hamilton, Ron Chernow
Hamilton grew in the West Indies to a poor single mom and the book tells his amazing climb from this humble beginning to the top of the United State political, military and social circles.
The famous Broadway play is based on this book.
The Wright Brothers, David McCullough
The story of Wilbur and Orville from Dayton, Ohio is the story of human curiosity and the pursue of dreams, as impossible as they may seem. By plowing their bicycle shop profits into the flight experiments, they put in every second they could spare into their dream, until they achieved their worthy goal.
They never ceased to believe, even in the face of academia professors “proving” that it is physically impossible to fly in a device heavier than air.