What I Just Read

I wouldn't recommend this odd book for its story. But H.R. is interesting for its social and psychological commentary on early 20th century New York society, as the Gilded Age gave way to the so-called Progressive Era. Edwin Lefevre is the author of Reminiscences of a Stock Operator , the famous (at least among investors) pseudobiography of Jesse Livermore. This book, in stark contrast, is a forgotten and comparatively forgettable work.  But not totally forgettable. The reader watches the life arc of a young man who catapults himself across several caste barriers, starting as a frustrated New York City bank clerk who quits and, implausibly, starts a union of sandwich-board advertisers. He then uses this sandwich board advertising platform (you could think of it as an early 1900s "new media" platform) to gain influence throughout the city, ultimately parlaying his way into joining New York's social and economic elite. At its heart, this book is about power and influ...

We all have our part to play and our duty to perform. This is a beautiful novel about performing your duty with honor, even in the face of almost certain failure. Author Philip Chase has an unusual gift for telling a compelling story, and The Prophet of Edan works on two levels: on the individual level, with characters we care about and root for, and on the grand, civilizational level, where entire nations  hurl themselves at each other in a desperate war of survival. And the geopolitical dramas in Philip's world of Eormenlond are downright Kissingerian --with betrayal, realpolitik and honor, all in equal measure. Now, any story with a large cast and a lot of moving parts presents the author with a structural challenge: how do you help the reader keep everybody and everything straight, but yet do it in a way that's organic to the story? After all, this is the second part of a trilogy,  and a lot happened in Book I . So I'll share an example here of what this author does,...

In just under 200 pages, The Investor's Manifesto gives you everything you need to manage your investments: * A historically grounded discussion of the tradeoffs between risk and return, * How to design an investment portfolio using index funds, including advice on withdrawal rates and how (and how often) to rebalance, * A good discussion of human psychological biases (the author uses the wonderful phrase "investing psychopathology" to describe this topic), and * How to navigate the financial services industry without getting your head handed to you. Finally, there's a chapter that summarizes everything, followed by a solid reading list for continuing your investment education, broken down by topic: theory, history, psychology, and business. Anyone wanting to reach a reasonable competence level in investing should read at least one of William Bernstein's books. This one or The Four Pillars of Investing  will suffice. Since he's not a Wall Street guy--he's...