The Order of Time (A Brain Stretching Book: Reading Material for the Holidays)

The Order Of Time CoverWhat do you plan on doing with your spare time during the holidays. Watch useless drivel on television? Or reading a good book?

If you chose a good book, are you tired of all the mysteries/crime novels/political dramas/[fill in the blank] or whatever you usually read?

If so, here is a book that will make you think, and think hard, and is probably different from any other book you have read. It is called The Order of Time by Carlo Rovelli.

In case you haven’t guessed what the book is about, it’s about time (no pun intended). Do you know what time really is?

Here is some interesting information about time. Did you know that people that live in the mountains age faster than those who live in the plains, because time runs faster at higher elevations.

Rovelli says that the difference can be noticed when the watch of a friend who has just flown on a plane will be slightly different from the watch you are wearing on the ground. Even at smaller distances,, such as between a table and a floor, time changes.

The author of this Number 1 Best Seller on Amazon, Rovelli is a theoretical physicist, and one of the founders of loop quantum gravity. He is also a science historian and a science philosopher.

i never cared for physics in high school or college, yet I found this book to be riveting. I consider myself lucky that I even stumbled across it.

Therefore, if you are looking for an interesting non-fiction book that will open and expand your mind, that is easy reading and even entertaining, which will provide numerous facts you would previously never have believed and will never after forget, then I highly recommend that you read The Order of Time.

 

book review by Fred Fuld III

Mastering the Market Cycle: Getting the Odds on Your Side

by Fred Fuld III

The book, Mastering the Market Cycle: Getting the Odds on Your Side, is a very thorough  analysis and review of all major financial cycles, including economic cycles, stock market cycles, and real estate cycles.

The book is written by Howard Marks, the cofounder and co-chairman of Oaktree Capital Management, which has $120 billion management.

My favorite chapter was Chapter VII: The Pendulum of Investor Psychology, where he discusses the nine elements which swings the pendulum from one direction to another. The same chapter provides the interesting concept of how stocks move no matter what the news, if investors are feeling good.

For  example, if there is strong data, the economy is strengthening and stocks go up. If data is weak, the Fed will probably ease so stocks go up. If the price of oil goes up, it means a growing global economy so stocks go up. If oil drops in price, the consumer has more spending power so stocks go up. He also describes how the reverse can happen when investors’ feelings are negative.

If you want to learn more about market cycles, you should check out  Mastering the Market Cycle.

Brother John: A Monk, a Pilgrim and the Purpose of Life by Templeton Foundation Winner

If you aren’t familiar with Sir John Templeton, he is the founder of the Templeton Growth Fund, a top performing international mutual fund. Money magazine called him “arguably the greatest global stock picker of the century.” His family of mutual funds was merged with Franklin Resources to become Franklin Templeton Funds.

Templeton was a billionaire and philanthropist who donated over a billion dollars to charitable causes. He also established the John Templeton Foundation and the Templeton Prize, which is given to a person who “has made an exceptional contribution to affirming life’s spiritual dimension, whether through insight, discovery, or practical works.”

One of the winners of the prize is August Turak, author of the recently published book, Brother John: A Monk, a Pilgrim and the Purpose of Life. The book is about a man going through a mid-life crisis who meets an umbrella-wielding Trappist monk on Christmas Eve, and how it changes his life.

The book also includes over twenty pages of multi-color paintings by the award winning painter, Glenn Harrington.

Brother John is a well-written book about life, beautifully illustrated, and would make a great gift.

 

The Pan-Industrial Revolution: How New Manufacturing Titans will Transform the World

by Fred Fuld III

The book, The Pan-Industrial Revolution: How New Manufacturing Titans will Transform the World, by Richard D’Aveni, is about how the manufacturing industry is changing dramatically due to the major advances in 3D technology.

The proliferation of 3D technology, now often referred to as additive manufacturing, is ubiquitous but hidden. Many of the largest companies in the United States, and for that matter, the world, are actively pursuing the 3D tech manufacturing process. D’Aveni brings this secret world to light.

The author also describes how this major change in manufacturing affects the earnings of companies, jobs, and the economy in general.

My favorite chapter was “Chapter 3: Making More, Faster and Cheaper” and not just because of the pictures (yes the book even has pictures), in which he talks about the enormous advantages of both economies of scale and economies of scope with additive manufacturing.

I even got a couple of investment ideas from the book.

Whether you are familiar with 3D printing or not, The Pan-Industrial Revolution will open your eyes to the future of manufacturing and business.

Transforming Nokia: The Power of Paranoid Optimism to Lead Through Colossal Change

by Fred Fuld III

The average investor may not be aware of this but Nokia was a major turnaround situation. The book, Transforming Nokia: The Power of Paranoid Optimism to Lead Through Colossal Change, by Risto Siilasmaa, goes into extensive detail about how this transformation took place.

Between 2008 and 2012, Nokia almost went bankrupt, dropping in value by over 90%, primarily due to competition from Apple (AAPL). At that time, Risto Siilasmaa too over and saved the company.

But the book is more than that. The author provides ways, base on his experience, the you can use in your business to deal with business struggles and major changes.

Chapter 10, “The Golden Rules,” is an important one where he covers the principles that should be applied in any business. My favorite is number 8 which relates to formality and substance relating to meetings, in which he writes “Any meeting where we don’t laugh out loud is a miserable failure!”

I also liked Chapter 11 in which he emphasizes the importance of using scenario mapping. The chapter is called “Plan B … and Plan C and Plan D.”

If you own your own business or are the head of a company,  Transforming Nokia is a book you need to read.

The Punk Rock of Business

by Fred Fuld III

You may wonder what punk rock has to do with business. If you starting a startup, a manager, or the head of a company, it is worth your while to read The Punk Rock of Business.

The book is written by Jeremy Dale, the former Corporate Vice President of Microsoft’s worldwide retail sales, and is now CEO of an entertainment and football startup.

Dale discusses the philosophy of Punk Rock Business, “pure, stripped down, no bullshit,” and how this philosophy can be applied to your business.

The book covers in detail the eight elements of punk rock business, including.Have a Cause, Build a Movement, and Create New and Radically Different Ideas. All the elements have extensive real life examples.

My favorite chapter is Element 4: Drive Speed and Action, especially the subsection called Meeting Productivity Comes from Ruthless Cutting. The book has some great ideas about dealing with meetings, such as removing chairs from the room for in-person meetings, and utilize video meetings instead of dial-in meetings (see who’s paying attention).

If you run a business, or manage a department of a company, I recommend that you read The Punk Rock of Business.

Latest Investment, Business & Startup Books On Sale

This is a list of the finance, investment, and business books that are currently on sale, and available on the Amazon (AMZN) Kindle. If you have any interest in these books, you should order them right away, as these sales don’t last long.

The Motley Fool Million Dollar Portfolio
By David Gardner and Tom Gardner
New York Times investment bestseller that teaches how to build a successful portfolio utilizing strategies and trade secrets.
Sale price: $1.99 Retail: $9.99

The Index Card: Why Personal Finance Doesn’t Have to be Complicated
By Helaine Olen and Harold Pollack
Practical handbook on managing your money with ten sensible rules that can all fit on an index card.
Sale price: $1.99 Retail: $11.99

Mavericks at Work
By William C. Taylor and Polly LaBarre
New York Times bestseller. The most unconventional American innovators who are redefining the way business is done.
Sale price: $1.99 Retail: $11.99

The Daily Drucker
By Peter F. Drucker with Joseph A. Maciariello
Tips for time management, innovation, and much, much more!
Sale price: $1.99 Retail: $15.99

Alpha Dogs
By Donna Fenn
Eight success stories offer guidance to aspiring entrepreneurs! 
Sale price: $1.99 Retail: $9.99

Talent Is Overrated
By Geoff Colvin
Specific, actionable steps you can take to achieve more.
Sale price: $1.99 Retail: $12.99

People over Profit
By Dale Partridge
Seven core beliefs shared by consumers and leaders to take businesses to new heights. 
Sale price: $0.99 Retail: $13.49

Crush It!
By Gary Vaynerchuk
Practical strategies for harnessing social media and other tools to turn your passion into a profitable business. 
Sale price: $2.99 Retail: $11.99

What I’m Reading: Bad Blood: Secrets and Lies in a Silicon Valley Startup: The Theranos & Elizabeth Holmes Story




by Fred Fuld III

Actually, I’m not currently reading, I just finished reading Bad Blood: Secrets and Lies in a Silicon Valley Startup by John Carreyrou, and my first comment is “Wow”.  This is the story of the rise and fall of the notorious blood-testing company, Theranos, founded by Elizabeth Holmes when she was 19 years old. The company, which claimed it could do numerous tests from one drop of blood, was valued at $9 billion at one time, and now is out of business.

This is one of the most extensive and thoroughly researched books on a corporate collapse that I have ever read. Carreyrou conducted numerous interviews  and writes the book in such a way that it comes across as a real life mystery and thriller.

If you don’t know the Theranos story, that’s probably a good thing and I won’t ruin it for you by giving away a lot of the details. But those of who were duped by Holmes, according to Carreyrou, include the following:

  • Steve Burd, Safeway CEO
  • Wade Miquelon, CFO Walgreens
  • James Mattis, current United States Secretary of Defense and a former United States Marine Corps general
  • George Shultz, former Secretary of State
  • Henry Kissinger, former Secretary of State
  • Larry Ellison, co-founder, executive chairman and chief technology officer of Oracle Corporation
  • Rupert Murdock, Executive Chairman of News Corp and Executive Co-Chairman of 21st Century Fox (who invested over $100 million in the company)
  • And many, many other wealthy and high level individuals

If you are looking for some “can’t put it down” reading for the fall season, I highly recommend  Bad Blood. It is the twelfth most read book according to Amazon Charts and 90% of the ratings are five stars.

Legacy in the Making: Building a Long-Term Brand to Stand Out in a Short-Term World

Review by Fred Fuld III

The book, Legacy in the Making: Building a Long-Term Brand to Stand Out in a Short-Term World, discusses the importance of branding your your business and the legacy that goes along with it. It is written by Mark Miller, the founder of the Legacy Lab, and Lucas Conley, the author of Obsessive Branding Disorder.

The book is captivating and engaging for several reasons. First, it gives real life examples of extremely successful brands. And the brands are not just limited to businesses, it includes non-profits, sports teams, and film festivals.

Second, the book delves into detail about how and why certain successful brands were created, with specific illustrations. For example, in the chapter “Empower Your Believers” on the Ritz-Carlton Hotel Company, the authors talked about how the employees are empowered to create the “Wow Factor” for their guests.

Some of the organizations that are examined include The Honest Company, Grey Goose, The San Diego Zoo, The Toronto Maple Leafs, and The Tribeca Film Festival.

In terms of the structure of the book, it is filled with pictures, diagrams, blurbs, and quotes. The book is a brand all its own.

If you own a business or are involved with an organization, I suggest you get  Legacy in the Making and make your brand the best that it can be.

Business and Investment Books On Sale

This is a list of the finance, investment, and business books that are currently on sale, and available on the Amazon (AMZN) Kindle. If you have any interest in these books, you should order them right away, as these sales don’t last long.

The Camino Way
By Victor Prince
Learn to tackle each new management hurdle with seven practical leadership lessons .
$0.99  Retail: $10.99

The Leader Habit
By Martin Lanik
22 essential, teachable leadership secrets with practice exercises.
$1.99   Retail: $12.99

A Team of Leaders
By Paul Gustavson and Stewart Liff
Cultivate the leadership potential of each employee. 
$0.99   Retail: $14.99

Lead Right for Your Company’s Type
By William E. Schneider
How management can produce tangible results using the four types of enterprise.
$1.99   Retail: $14.99

Dot Complicated
By Randi Zuckerberg
A definitive guide to the digital age including best practices for using tech at work and at home.
$1.99   Retail: $7.99

Born for This
By Chris Guillebeau
From the New York Times bestselling author of The $100 Startup.
$1.99   Retail: $13.99

Your Creative Career
By Anna Sabino
Use creativity and artistic passion to lead to business success. 
$0.99   Retail: $15.99

Head Strong
By Dave Asprey
A New York Times bestseller: Upgrade your brainpower and supercharge your productivity just with simple adjustments to your lifestyle. 
$1.99   Retail: $12.99

The Conflict Resolution Phrase Book
By Barbara Mitchell and Cornelia Gamlem
This guide will empower you with the vocabulary to navigate even the most difficult professional situations.
$0.99   Retail: $14.99