Author: Tim Graczewski
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Barbarians at the Gate: The Fall of RJR Nabisco (1989) by Bryan Burrough and John Helyar
The Reagan ‘80s were a giddy time for investment bankers. There were tens of millions of dollars in fees to be made in orchestrating corporate mergers (never mind if the end result benefited shareholders, let alone employees). The most innovative and potentially lucrative transaction was the leveraged buyout (LBO), an operation where a company’s management…
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Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life (2019) by Rory Sutherland
Behavioral economics has been all the rage among business types for well over a decade now. I was first introduced to the field in 2012 when my employer at the time, consumer software maker Intuit, hired behavioral economics pioneer Dan Ariely to consult with the company. As part of the process the company had us…
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Narconomics: How to Run a Drug Cartel (2016) by Tom Wainwright.
It’s often said that you shouldn’t judge a book by its cover. Over the years I’ve learned that you could say the same thing about its title. Consider the case of “Narconomics: How to Run a Drug Cartel” by longtime Economist reporter Tom Wainwright. It seems to me that there are four basic components to…
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The Partnership: The Making of Goldman Sachs (2008) by Charles D. Ellis
Today, Goldman Sachs sits unrivaled atop the world of international investment banking. That hasn’t always been the case. In fact, for much of the firm’s 150-year existence Goldman Sachs has been a relatively small and inconsequential second-tier player on Wall Street. So what happened? That is what I was hoping to find out when I…
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The Professor and the Madman: A Tale of Murder, Insanity, and the Making of the Oxford English Dictionary (1998) by Simon Winchester
In 1879 Dr. James Murray, editor in chief of the Oxford English Dictionary (OED), published an open invitation calling for volunteers to read rare books and collect quotations for use in the dictionary. Thousands of participants signed up. It was a sort of nineteenth century form of Wikipedia. The dictionary would take many decades to…
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Outliers: The Story of Success (2008) by Malcolm Gladwell
What accounts for stupendous success in life? Is it talent or luck or hard work? It’s probably a combination of all three, according to Malcolm Gladwell in his 2008 bestseller, “Outliers: The Story of Success.” Gladwell lumps the reasons for success into three broad buckets. First is “luck” or perhaps what we today might call…
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American Jezebel: The Uncommon Life of Anne Hutchinson, the Woman Who Defied the Puritans (2004) by Eve LaPlante
Freedom of speech has arguably never been more important in America than it is right now in 2022. The issue has been shaping us from the moment European colonists arrived on American shores in the early seventeenth century. The legendary case of outspoken Boston Puritan Anne Hutchinson resonates today for a variety of reasons. “American…
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Merchant Princes: An Intimate History of Jewish Families Who Built Great Department Stores (1977)
“Merchant Princes” is one of Malcolm Gladwell’s all-time favorite books. During an appearance on the Tim Ferriss podcast, Gladwell noted that he loves this 1977 bestseller so much he often gives away copies to people he meets, especially if they’re Jewish. That is pretty high praise coming from one of my favorite non-fiction authors. I…
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The Bully Pulpit: Theodore Roosevelt, William Howard Taft, and the Golden Age of Journalism (2013) by Doris Kearns Goodwin
Teddy Roosevelt has long been a personal hero of mine. However, after reading Doris Kearns Goodwin’s 2013 bestseller, “The Bully Pulpit: Theodore Roosevelt, William Howard Taft, and the Golden Age of Journalism,” I now may be an even bigger fan of the jovial but largely misunderstood and now generally forgotten William Taft. As sometimes happens,…