Summaries of books about Business & Finance:
The Truth about Leadership
The No-fads, Heart-of-the-Matter Facts You Need to Know
James M. Kouzes|Barry Z. Posner
The book distills ten fundamental truths about leadership based on research and experience, emphasizing that leadership is a relationship built on credibility and trust. It provides practical guidance on how to lead effectively by modeling the way, inspiring a shared vision, challenging the process, enabling others to act, and encouraging the heart.
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The New Gold Standard
5 Leadership Principles for Creating a Legendary Customer Experience Courtesy of the Ritz-Carlton Hotel Company
Joseph A. Michelli|Joseph Michelli
The book explores the customer service philosophy and leadership practices of the Ritz-Carlton Hotel Company, detailing five core principles that the luxury hotel chain uses to deliver exceptional customer experiences. It provides insights into the company's commitment to service excellence, employee engagement, and the creation of a strong service culture that sets a benchmark in the hospitality industry.
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Profit First for Contractors
Transform your Construction Business from a Cash-Eating Monster to a Money-Making Machine
Shawn Van Dyke
The book provides a financial management strategy tailored for construction business owners, emphasizing the importance of prioritizing profit by allocating income to profit, taxes, and owner's compensation before covering operational expenses. It offers practical steps and real-world examples to help contractors implement this system, aiming to improve their business's financial health and sustainability.
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The Book on Advanced Tax Strategies
Cracking the Code for Savvy Real Estate Investors
Amanda Han
The book provides real estate investors with in-depth guidance on tax-saving strategies and how to maximize their investments through smart tax planning. It covers topics such as legal tax loopholes, entity structuring, and ways to reduce taxable income while complying with IRS rules.
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The Greatest Trade Ever
The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History
Gregory Zuckerman
The book chronicles hedge fund manager John Paulson's strategic bet against the US housing market, which led to a profit of over $20 billion for his fund during the financial crisis of 2007-2008. It details the development of his investment thesis, the construction of his market-shorting instruments, and the challenges he faced in executing one of the most lucrative trades in financial history.
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Financial Shenanigans
How to Detect Accounting Gimmicks & Fraud in Financial Reports: How to Detect Accounting Gimmicks and Fraud in Financial Reports
Howard M. Schilit|Jeremy Perler|Yoni Engelhart
The book provides a comprehensive guide to identifying and understanding deceptive financial reporting practices, offering insights into the latest tricks companies use to manipulate earnings and cash flows. It equips readers with the tools and techniques needed to spot red flags in financial statements, helping investors and analysts protect themselves against investment fraud and accounting scandals.
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Fool's Gold
How the Bold Dream of a Small Tribe at J.P. Morgan Was Corrupted by Wall Street Greed and Unleashed a Catastrophe
Gillian Tett
The book chronicles the creation of credit derivatives by a team at J.P. Morgan, detailing how these financial instruments were initially designed to spread and manage risk. It goes on to explore how these innovations were later distorted by rampant greed and speculation, contributing significantly to the global financial crisis of 2008.
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Land Investing Mistakes
11 True Stories You Need To Know Before Buying Land
Erika Benson
The book presents a collection of real-life anecdotes and experiences from various land investors, highlighting common pitfalls and errors made during the process of buying land. It offers insights and lessons learned to help prospective land buyers avoid similar mistakes and make informed investment decisions.
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Retire Early With Real Estate
How Smart Investing Can Help You Escape the 9-5 Grind and Do More of What Matters
Chad Carson
The book provides strategies and practical advice on how to achieve financial independence through real estate investing, focusing on methods to build a portfolio that generates passive income. It covers topics such as finding the right properties, financing, managing rentals, and creating a plan to retire early from the traditional workforce.
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Unconventional Success
A Fundamental Approach to Personal Investment
David F. Swensen
The book provides a blueprint for individual investors to achieve market success by adopting a long-term, disciplined investment approach, focusing on a diversified, low-cost portfolio that mirrors endowment strategies. It critiques the mutual fund industry and offers practical advice on constructing a personal investment plan using exchange-traded funds and other financial instruments.
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