Charlie Munger once said:
"There are answers worth billions of dollars in 30$ history book."
Let's discuss 7 history books that everyone should know:
"There are answers worth billions of dollars in 30$ history book."
Let's discuss 7 history books that everyone should know:
1. Henry Ford - My Life and Work
Lessons:
- Innovation is crucial
- Focus on employee welfare
- Be a visionary leader
Lessons:
- Innovation is crucial
- Focus on employee welfare
- Be a visionary leader
2. The First Tycoon - The Epic Life of Cornelius Vanderbilt
Lessons:
- Use aggressive business tactics
- Have relentless ambition
- Focus on leaving a lasting legacy
Lessons:
- Use aggressive business tactics
- Have relentless ambition
- Focus on leaving a lasting legacy
3. The Autobiography of Andrew Carnegie
Lessons:
- Determination, hard work and entrepreneurship are key
- Take your responsibility. Do philanthropy
- Expand via vertical integration
Lessons:
- Determination, hard work and entrepreneurship are key
- Take your responsibility. Do philanthropy
- Expand via vertical integration
4. Titan - The Life of John D. Rockefeller
Lessons:
- Monopolistic companies are usually great
- Focus on education, public health and scientific research
- Strategy is by far the most important thing
Lessons:
- Monopolistic companies are usually great
- Focus on education, public health and scientific research
- Strategy is by far the most important thing
5. The House of Morgan - An American Banking Dynasty
Lessons:
- JP Morgan shaped the entire US banking industry
- During periods of crises, great leaders take their responsibility
- "The House of Morgan" also examines the international reach of the Morgan banking network
Lessons:
- JP Morgan shaped the entire US banking industry
- During periods of crises, great leaders take their responsibility
- "The House of Morgan" also examines the international reach of the Morgan banking network
6. Guns, Germs, and Steel
Lessons:
- Geography shapes civilizations' fate.
- Technology disparity affects societal development.
- Challenge Eurocentric views; consider environmental factors.
Lessons:
- Geography shapes civilizations' fate.
- Technology disparity affects societal development.
- Challenge Eurocentric views; consider environmental factors.
7. The Art Of War
Lessons:
- Strategy adapts to circumstances.
- Know your enemy and yourself.
- Deception can be powerful.
Lessons:
- Strategy adapts to circumstances.
- Know your enemy and yourself.
- Deception can be powerful.
That's it for today.
Want to keep learning? Grab this free e-book with 50 investing visuals: compounding-quality.ck.page
Want to keep learning? Grab this free e-book with 50 investing visuals: compounding-quality.ck.page
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