Book Review

Reviews of publications which are of interest, beneficial to life, work, or beyond.

The 4-Hour Workweek (Book Review)

Mon Sep 3, 2007 9:07:11 am by Dustin
Filed under Payroll, Book Review, Finance, Tools and Tricks, Fun, a little about life, General

Full Title: The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss
ISBN: 978-0-307-35313-9
Get it cheap.

Summary: This book is all about DEAL.

  • Definition: figure out what it is you would do if you did not have to go to work. This can be anything from spend more time with the kids to backpack around the globe.
  • Elimination: Tim explains most people are stuck going to work each day for eight hours but can do the work must faster. Figure out how.
  • Automation: how much of your day to day tasks could be automated? Tim even outsources making up with his wife after a fight to somebody in India for $4/hr.
  • Liberation: now that you aren’t at work, go do whatever it is you have always wanted to.

Once you have accomplished DEAL you would no longer have to wait until your Golden Years to truly enjoy life.

What I thought: I heard a ton of chatter about this book, so I thought I would pick it up. Turns out it was an interesting read. Tim has some very radical ideas portrayed which would undo most of corporate America if enacted. He even explains telecommuting from the other side of the world is not for everybody because 1) most people would not what to live on the other side of the world and 2) we call not all do the DEAL system otherwise we would not have an economy.

So you are probably asking if DEAL for me? I would say parts of this might work for me. Such as finding secondary forms of income to fund ‘mini-retirements’. There are also parts which do not really sit well with me. Telling your boss you are telecommuting while you are at Oktoberfest seems a little unethical to me.

I also do not think I am waiting to have an exciting life when I am old just because I working everyday. Hell last week I was hit by a car - exciting.

You might also be interested to see The 4-Hour Workweek website or Tim’s blog.


You Call The Shots (Book Review)

Fri Aug 24, 2007 6:19:48 am by Dustin
Filed under Payroll, Book Review, Dealing with People, a little about life, Fun, General

Full Title: You Call the Shots: Succeed Your Way - and Live the Life You Want - with 19 Essential Secrets of Entrepreneurship by Cameron Johnson
ISBN: 1-4165-3606-X
Get it cheap.

Summary: Cameron has an amazing story of how he started 12 companies before he was 21. All of which made him money and few lasted more than a year. None required startup capital and few had more employees than himself. Many even were sold to bigger companies for ‘undisclosed amounts’. All of which taught him something valuable about life and business. This book was written to not really tell his story - even though it does- but to tell what he learned from his experiences of having business as a kid.

What I thought: I was actually sent this book from jim at Blueprint for Financial Prosperity who had a book give away. I would like to thank jim for his kindness in sending it to me. Even though I received it about six weeks ago and finished reading it probably two weeks ago, I am just now getting to writing my review. FYI, you can read jim’s review of You Call the Shots. Also you can learn more about Cameron Johnson Inc. Or read Cameron’s blog.

I thought this book was very interesting. I would somewhat expect a person who is making Internet companies to try at bigger ideas with higher goals. Cameron taught me to think smaller and of a more automated company. He worked on his companies while going to school and having other jobs - sometimes without Internet connects. Having a humble company does not make one less of a success or less likely to cash out. The amount of the pay off might be less, but in Cameron’s eyes, one does not need millions of dollars to be happy. It is the ride which makes one happy and make $50k when you are 12 will pay off eventually. ‘Go big or go home’ doesn’t really apply in this case.

This is a must read for any small business owner.


The Art Of War (Book Review)

Tue Aug 21, 2007 6:05:14 am by Dustin
Filed under Book Review, a little about life, Fun, General

Full Title: The Art of War by Sun Tzu
ISBN: 9780486425573
Get it cheap.

Summary: Considered the first ever war strategy book, The Art of War tracks many of the major aspects of war including attaching while the others are not ready, supplying an army, and knowing your enemy’s next move before it makes it. I could say more, but it would give away too much since it is less than 100 pages.

What I thought: Watch out. I now know how to lead an army.


The Art Of The Start (Book Review)

Mon Aug 13, 2007 6:36:18 am by Dustin
Filed under Payroll, Book Review, Finance, a little about life, Fun, General

Full Title: The Art of the Start, The Time-Tested, Battle-Hardened Guide for Anyone Starting Anything by Guy Kawasaki
ISBN: 1-59184-056-2
Get it Cheap.

Summary: Guy goes through a few of the major aspects of starting a business such as writing a business plan, raising money, and recruiting great talent and explains the best pieces which should be focused on and those which should be forgotten. One example for the writing the plan comes down to who writes it. He suggests from his experience as a Venture Capitalist that many start ups try to write the plan as a team or in sections. This is a bad idea for many reasons (I will let him explain those) and says ideas should come from everybody but one person should physically write the plan. Another example is from creating mission statements. According to him they are useless time wasters. All of them have the same basic pieces (regardless of the organization) and are forgotten and not followed 10 minutes after being written.

What I thought: In a few emails with Guy I have found him to be a very nice person. That personality is also demonstrated in this book. This book is more of a guide to describing the best ways to forget about the things which are not going to make the company successful and start implementing ideas which will. A cut-the-crap-and-let’s-grow guide if you will. Michael Moritz of Sequoia Capital put it best.

A successful entrepreneur requires three things: a garage, an idea, and this book.

Art of the Start


Technical Analysis Of The Financial Markets (Book Review)

Wed Jul 25, 2007 5:48:34 pm by Dustin
Filed under Book Review, Finance, a little about life, Fun, General

Full Title: Technical Analysis Of The Financial Markets, A Comprehensive Guide to Trading Methods and Applications by John J. Murphy
ISBN: 0-7352-0066-1
Get it cheap.

Summary: As the title states this seems to be a ‘comprehensive guide’ to Technical Analysis - the use of charts and volume to predict, track, and profit from the stock market. (As opposed to Fundamental Analysis - the use of financial statements). Murphy goes into detail about the various techniques to using Technical Analysis such as Dow Theory, chart trends, moving averages, head and shoulders…

What I thought: In hopes to learn more about personal finance which is a New Years Resolution and a Mid Year Resolution, I picked up this book. At first it was pretty interesting learning how to determine various peaks and troughs in the charts in order to make a profit. (I will keep the argument of Fundamental v. Technical for another day.) Then I read more and more and was able to get the gist of any chapter in the first few pages if not the first few paragraphs. Would I suggest this to somebody who was interested in Technical Analysis? Well maybe, but I would tell him or her to read the Wikipedia article first; it seems to be more in depth and free.