Demon of Our Own Design



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Hardcover
276 pages
ISBN 9780471227274 Published April 2007
John Wiley & Sons
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Demon of Our Own Design
Markets, Hedge Funds, and the Perils of Financial Innovation

Related Blog Posts
Reviewing Reviews
Posted Sept. 26, 2008 6:30 a.m. by dylan
In Uncategorized - 800 CEO Read Blog

Heather Green has written a wonderful review of Jeff Howe's Crowdsourcing: Why the Power of the Crowd is Driving the Future of Business for the September 29 issue of BusinessWeek. After observing that "Books about the crowd are becoming a crowd unto themselves," Green writes:

What sets Howe's book apart is his focus on business, an examination of different crowdsourcing models, and a deep dive into academic research to explain why people work together. It's a welcome and well-written corporate playbook for confusing times...

In his most recent article for Portfolio, "In Praise of Big Brother," Roger Lowenstein casts a somewhat leery eye at Stephen Baker's The Numerati. He begins:

Stephen Baker envisions a world in which our email and blog postings, our credit-card and grocery purchases, our pulse rates and facial expressions, and even our physical movements (handily tracked by our cell phones) will be fed to a new Brahmin class of math geeks devoted to sending us customized shopping choices, targeted political ads, real-time medical alerts, and the names of potential dating partners, not to mention (lest we be shirking on the job or hiding an illness) alerts to our bosses and insurance companies.

While that sounds awfully scary to me, the author is of the mind that this technology will one day empower us. Regardless of how you feel about these issues, the book does seem very informative and worth a read. Lowenstein describes Baker a "charming writer," and ends the review by calling the book "eye-popping and chilling."

David K. Hurst reveiws four books in the Autumn issue of strategy + business's Books in Brief. The first, Richard Bookstaber's Demon of Our Own Design, was awarded the top spot in the Finance & Economics category of our first annual book awards. The other three books are Stall Points: Most Companies Stop Growing--Yours Doesn't Have To by Matthew Olson and Derek Van Bever, Michael O'Leary: A Life In Full Flight by Alan Ruddock, and Tad Waddington's Lasting Contribution: How to Think, Plan, and Act to Accomplish Meaningful Work.

Fortune's Jia Lynn Yang has picked "eight volumes [that] belong in everyone's briefcase." Of course, Fortune doesn't make this list available online, but the chosen titles are:

Birth of a Salesman: The Transformation of Selling in America by Walter A. Friedman

Presenting to Win: The Art of Telling Your Story by Jerry Weissman

Hug Your Customers: The Proven Way to Personalize Sales and Achieve Astounding Results by Jack Mitchell

Selling to Big Companies by Jill Konrath

The New Strategic Selling: The Unique Sales System Proven Successful by the World's Best Companies by Robert B. Miller & Stephen E. Heiman

Getting to Yes: Negotiating Agreement Without Giving In by Roger Fisher & William Ury

Influence: The Psychology of Persuasion by Robert Cialdini

How to Win Friends and Influence People by Dale Carnegie

Rich Karlgaard has written an update to his "Books to Get Rich By" for Forbes. (You can find the original list of 53 books here.) The lists are broken up into six categories: History and Heroes, How Capitalism Works Today, Instructional Tips, Management Secrets, Food for the Soul, and Useful Entertainment. While the list is too long to list all of the titles, I have listed the entire "Management Secrets" section below.

Only the Paranoid Survive: How to Exploit the Crisis Points That Challenge Every Company by Andrew S. Grove

Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Property by Garret B. Gunderson

The 7 Habits of Highly Effective People by Stephen R. Covey

The Five Dysfunctions of a Team: A Leadership Fable by Patrick Lencioni

Getting to Yes: Negotiating Agreement Without Giving In by Roger Fisher, William Ury & Bruce Patton

What Got You Here Won't Get You There: How Successful People Become Even More Successful by Marshall Goldsmith

Never Eat Alone: And Other Secrets to Success, One Relationship at a Time by Keith Ferrazzi

The Speed of Trust: The One Thing That Changes Everything by Stephen M.R. Covey with Rebecca M. Merrill

Did you notice that Stephen Covey picked up an initial sometime between 7 Habits and Speed of Trust? (edit: As the brilliant Seth Godin has pointed out in the comment section, Stephen M.R. Covey is the eldest son of Stephen R. Covey. I had not known this previously. Don't let it be said business books aren't a family business.) Notable titles from other sections are John Kao's Innovation Nation and Fareed Zakaria's Post American World from "How Capitalism Works Today," Dan Pink's Adventures of Johnny Bunko from "Instructional Tipps," Randy Pausch's Last Lecture form "Food for the Soul," and Michael Lewis's Blind Side from "Useful Entertainment."




2007 800-CEO-READ Business Book Awards announced today
Posted Jan. 15, 2008 3:05 a.m. by katie
In Book Awards - 800 CEO Read Blog

The day has finally arrived. After careful consideration, the winners have been determined for our first annual Business Book Awards. Nearly 300 titles were submitted which were then critiqued and reviewed by our editorial staff. A list of 13 titles make up the winners for each category as well as the Best Business Book of 2007.

8cr would like to congratulate all the winners for their hard work and say thank you to all who participated in our first awards program!

Best Business Book of 2007


Made to Stick

Chip Heath and Dan Heath

Category Winners

Advertising/Marketing:
Made to Stick by Chip Heath and Dan Heath, Random House

Biographies/Memoirs:
Bill & Dave by Michael S. Malone, Portfolio

Entrepreneurship/Small Business:
No Man's Land by Doug Tatum, Portfolio

Fables:
The Dream Manager by Matthew Kelly, Hyperion

Finance/Economics:
A Demon of Our Own Design by Richard Bookstaber, Wiley

Globalization:
The Elephant and the Dragon by Robyn Meredith, W.W. Norton

HR/Organizational Development:
One Foot Out the Door by Judith M. Bardwick, PhD., AMACOM

Industry:
The Last Tycoons by William D. Cohan, Doubleday

Innovation/Creativity:
Group Genius by Keith Sawyer, Basic Books

Leadership:
The Secret Language of Leadership by Stephen Denning, Jossey-Bass

New Perspectives:
In Spite of the Gods by Edward Luce, Doubleday

Personal Development:
Responsibility at Work by Howard Gardner, Jossey-Bass

Sales:
The Ultimate Sales Machine by Chet Holmes, Portfolio

: : : :

Congratulations! You can find the full list here.




Another List
Posted Dec. 13, 2007 9:36 a.m. by dylan
In Uncategorized - 800 CEO Read Blog

Rebecca pointed us all to Amazon's Best Books of 2007 last month, and in light of all the other lists coming out lately, I thought it'd be a good idea to revisit that list and highlight the business titles on it. There were three business categories--Business, Business Narratives, and Finance & Investing. So without further ado, the choice of Amazon's editors were...

Business:

*1-The Future of Management by Gary Hamel with Bill Breen

*2-Made to Stick: Why Some Ideas Survive and Others Die by Chip & Dan Heath

*3-The Leadership Challenge (4th Edition) by James M. Kouzes

*4-The Art of Project Management by Scott Berkun

*5-Off-ramps and On-ramps: Keeping Talented Women on the Road to Success by Sylvia Ann Hewlett

*6-We Are Smarter Than Me: How to Unleash the Power of Crowds in Your Business by Barry Libert & John Spector

*7-The Three Signs of a Miserable Job: A Fable for Managers (And Their Employees) by Patrick M. Lencioni

*8-Know-How: The 8 Skills That Separate People Who Perform from Those Who Don't by Ram Charan

*9-Authenticity: What Consumers Really Want by James H. Gilmore & Joseph B Pine II

*10-Firms of Endearment: How World-Class Companies Profit from Passion and Purpose by

Rajendra S. Sisodia, David B. Wolfe & Jag Sheth

Business Narratives:

*1-The Age of Turbulence: Adventures in a New World by Alan Greenspan

*2-The Last Tycoons: The Secret History of Lazard Frères & Co. by William D. Cohan

*3-The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb

*4-The Myths of Innovation by Scott Berkun

*5-A Farewell to Alms: A Brief Economic History of the World by Gregory Clark

*6-Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich by Robert Frank

*7-Wikinomics: How Mass Collaboration Changes Everything by Don Tapscott & Anthony D. Williams

*8-Founders at Work: Stories of Startups' Early Days by Jessica Livingston

*9-The Shock Doctrine: The Rise of Disaster Capitalism by Naomi Klein

*10-All the Money in the World: How the Forbes 400 Make--and Spend--Their Fortunes by Peter W. Bernstein & Annalyn Swan

Finance & Investing:

*1-The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns by John C. Bogle

*2-Invest Like a Shark: How a Deaf Guy with No Job and Limited Capital Made a Fortune Investing in the Stock Market by James "RevShark" DePorre

*3-Wise Investing Made Simple: Larry Swedroe's Tales to Enrich Your Future by Larry Swedroe

*4-Your Money and Your Brain: How the New Science of Neuroeconomics Can Help Make You Rich by Jason Zweig

*5-Hedge Hunters: Hedge Fund Masters on the Rewards, the Risk, and the Reckoning by Katherine Burton

*6-Mobs, Messiahs, and Markets: Surviving the Public Spectacle in Finance and Politics by William Bonner & Lila Rajiva

*7-Bonds: The Unbeaten Path to Secure Investment Growth by Hildy Richelson & Stan Richelson

*8-Crash Proof: How to Profit From the Coming Economic Collapse by Peter D. Schiff with John Downes

*9-A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation by Richard Bookstaber

*10-The Science of Getting Rich by Wallace D. Wattles

Wikinomics also made the list in the Computers & Internet category, as did David Weinberger's excellent book, Everything Is Miscellaneous: The Power of the New Digital Disorder. The Age of Turbulence and The Shock Doctrine made the list in multiple categories, both making the Current Events list and The Age of Turbulence making the Memoirs list as well. The Black Swan also got the nod in Nonfiction.

And don't forget to check back Monday to see who made the shortlist for our first annual 800-CEO-READ Business Book Awards.




Bloomberg suggests business books for gifts
Posted Dec. 6, 2007 11:32 a.m. by kate
In Uncategorized - 800 CEO Read Blog

We've been in Chicago for the past two days for our second annual Author Pow-wow. I'll write more on that soon. There's much to share.

As for the blog, Rebecca had it right the other day. It has been a bit quiet as we have all been so preoccupied and mentally exhausted from two days of conversation. Speed will pick up again soon, I promise.

Today's post is a recommendation from Bloomberg.com. James Pressley outlined a handful of financial books (they're all the rage) to give as holiday presents. A few of the books:

  1. The Age of Turbulence by Alan Greenspan
  2. The Black Swan by Nassim Nicholas Taleb
  3. A Demon of Our Own Design by Richard Bookstaber
  4. The Last Tycoons by William D. Cohan *his favorite pick of the year and the winner of the Financial Times/Goldman Sachs book award.
  5. Blue Blood & Mutiny by Patricia Beard
  6. Zoom by Iain Carson and Vijay V. Vaitheeswaran
  7. Boeing Versus Airbus by John Newhouse

The full list and descriptions are here.