Fun financial stories. No really.
The book, Business Adventures, is a set of stories that the author (a former, now deceased, writer for the New Yorker) wrote in the 1960s. The scope of the stories is impressive: from the launch of the ill fated Edsel to insider trading to international finance. The complete list is here:
- The fluctuation: the little crash in ’62
- The fate of the Edsel: a cautionary tale
- The federal income tax: its history and peculiarities
- A reasonable amount of time: insiders at Texas Gulf Sulphur
- Xerox Xerox Xerox Xerox
- Making the customers whole: the death of a president
- The impacted philosophers: non-communication at GE
- The last great corner: a company called Piggly Wiggly
- A second sort of life: David E. Lilienthal, businessman
- Stockholder season: annual meetings and corporate power
- One free bite: a man, his knowledge, and his job
- In defense of sterling: the bankers, the pound, and the dollar.
But it was not the topics that kept me reading. It was the way the story was told – clearly, without fuss and with a subtle sense of humor. Highly recommend for any consultant that wants to get a better understanding of how the (finance/business) world works.