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‘Too Big To Fail’

January 28, 2011

..by Andrew Ross Sorkin should be made compulsory reading for anyone in the financial services/banking industry. The pace of the book, just like that of life during the time of Lehman’s collapse, is incredible and indeed, the book proves to be ‘too good to put down’ at times. It is an excellent portrayal of the unintended consequences set into motion by the best intentions and of the risks of excessive hubris in one’s own way of thinking. While the book is written by someone who’s kinder to the characters of the drama than members of the general public would be, it does raise interesting philosophical questions on the fairness of risk borne by the collective society while rewards are always personal.

I foolishly picked up a very angsty book, ‘The Unbearable Lightness of Being‘ by Milan Kundera, to follow the treatise on finance and I’m plodding through it reluctantly. Next, I would like to read a book which examines the financial crisis from the a non-banking perspective, i.e., an analysis of how the credit crunch and the following financial crisis were an inevitable result of changing social and economic value systems and spending habits. Any recommendations, folks?

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5 Comments leave one →
  1. Vikram permalink
    January 31, 2011 9:20 pm

    Some recomendations from todd @ http://www.toddsattersten.com/

    Check the post titled “The Very Best Business Books in 2010: A Compiled List”

  2. March 17, 2011 5:50 pm

    Aha. That’s great. I just got it on my audible list.. will push it up the reading list. πŸ™‚

    Nice to check your blog out! I really like the design.

    • March 18, 2011 10:24 am

      How’s Audible working out for you? I’ve been more traditional in my book reading thus far…and thanks, these are just standard templates πŸ™‚

      • March 29, 2011 8:47 am

        Audible is super! Well, I personally love it because I am more of a ‘listener’

        (There’s a nice article on this called ‘Managing yourself’ by Peter Drucker. One of the pointers was to figure out whether you are a ‘reader’ or a ‘listener’. Typically, you are much more inclined towards one of them.. Doesn’t mean you can’t do the other but just means you absorb the one more suited to you)

        Having said that, I got my Mom on audible a month ago and even though she is much more of a ‘reader’, she loves it because she can now listen while traveling, while waiting in queues etc.

        And that’ s been the biggest positive about Audible – it’s cut down my frustration level thanks to long travel times, waiting etc because I just end up listening to a book. πŸ™‚

        (Sorry for the late follow up)

        And PS: I would highly recommend Disqus for comments.

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