Liberty Posted July 11, 2014 Share Posted July 11, 2014 [amazonsearch]Business Adventures[/amazonsearch] I haven't read it, but it was just reviewed by Bill Gates here: http://online.wsj.com/articles/bill-gatess-favorite-business-book-1405088228 Apparently recommended to him by Buffett as his "favorite book about business". Definitely on my list now. There's a video produced by Gates about the book and author here: Brooks also has a few other books that seem interesting: The Go-Go Years: The Drama and Crashing Finale of Wall Street's Bullish 60s Once in Golconda: A True Drama of Wall Street 1920-1938 Link to comment Share on other sites More sharing options...
OracleofCarolina Posted July 12, 2014 Share Posted July 12, 2014 Both Bill Gates and Warren Buffett said this is their favorite business book of all time: http://t.co/tKCVUFPbqs http://t.co/e2NduXO922 Link to comment Share on other sites More sharing options...
kiwing100 Posted July 12, 2014 Share Posted July 12, 2014 FYI, even though the book is out of print as it was published in 1969, the ebook is now available on Amazon in kindle format. Link to comment Share on other sites More sharing options...
peter1234 Posted July 12, 2014 Share Posted July 12, 2014 FYI, even though the book is out of print as it was published in 1969, the ebook is now available on Amazon in kindle format. Thanks, did not realize that it is on Kindle. :) Link to comment Share on other sites More sharing options...
west Posted July 12, 2014 Share Posted July 12, 2014 I have a hunch that this WSJ article showed up for a reason. It just so happens that a re-issue of the book is coming out in the next month. I'm guessing someone bought the publishing rights... Still, I ordered a copy. A used one :D Link to comment Share on other sites More sharing options...
Kraven Posted July 12, 2014 Share Posted July 12, 2014 I have a hunch that this WSJ article showed up for a reason. It just so happens that a re-issue of the book is coming out in the next month. I'm guessing someone bought the publishing rights... Still, I ordered a copy. A used one :D Of course that's the case. I figured there was some connection and saw that too. It's interesting how Buffett's favorite business book of all time is one he's never mentioned before. It's not like he's never mentioned favorite books before or isn't talking non-stop. My guess is the book is coming out, someone somehow reached out to Buffett (and Gates through him) and said "Warren, remember John Brooks? He always loved you. Really loved you. No, it's not the John Brooks who runs the deli you like. Yeah, it's the John Brooks who was a writer. Well, we're re-releasing one of his old books and a blurb from you would really have made him feel good. He always spoke and wrote highly of you. If you could say something nice about this book that you read once over 40 years ago that would be appreciated." Link to comment Share on other sites More sharing options...
writser Posted July 12, 2014 Share Posted July 12, 2014 Something like that. The book is an instant #1 seller on Amazon. http://www.amazon.com/gp/bestsellers/books/2739/ref=sr_bs_1 Exploiting Buffett groupies: easy money. Link to comment Share on other sites More sharing options...
giofranchi Posted July 12, 2014 Share Posted July 12, 2014 I have a hunch that this WSJ article showed up for a reason. It just so happens that a re-issue of the book is coming out in the next month. I'm guessing someone bought the publishing rights... Still, I ordered a copy. A used one :D Of course that's the case. I figured there was some connection and saw that too. It's interesting how Buffett's favorite business book of all time is one he's never mentioned before. It's not like he's never mentioned favorite books before or isn't talking non-stop. My guess is the book is coming out, someone somehow reached out to Buffett (and Gates through him) and said "Warren, remember John Brooks? He always loved you. Really loved you. No, it's not the John Brooks who runs the deli you like. Yeah, it's the John Brooks who was a writer. Well, we're re-releasing one of his old books and a blurb from you would really have made him feel good. He always spoke and wrote highly of you. If you could say something nice about this book that you read once over 40 years ago that would be appreciated." I have bought it nonetheless… Just like Mr. Buffett joked one time: “there might be some truth about that rumor after all!” ;D ;D ;D Gio Link to comment Share on other sites More sharing options...
timidbid Posted July 12, 2014 Share Posted July 12, 2014 Alice Schroeder did recommend books by John Brooks in her Reddit AMA. I realize that is stretching the connection to Warren a bit, but this author and his books have not just come out of nowhere. I'm adding it to my list. Quote from Reddit: "I like books from business history -- anything by Galbraith, Keynes, John Brooks. Mark Twain said history doesn't repeat but it rhymes and that's really true. Warren stressed to me over and over how much studying business history has helped him." Link to comment Share on other sites More sharing options...
Kraven Posted July 12, 2014 Share Posted July 12, 2014 Alice Schroeder did recommend books by John Brooks in her Reddit AMA. I realize that is stretching the connection to Warren a bit, but this author and his books have not just come out of nowhere. I'm adding it to my list. Quote from Reddit: "I like books from business history -- anything by Galbraith, Keynes, John Brooks. Mark Twain said history doesn't repeat but it rhymes and that's really true. Warren stressed to me over and over how much studying business history has helped him." John Brooks was a very well known writer in his day. Kind of like the Michael Lewis of his time. The Go-Go Years is worth reading and is enjoyable. If memory serves, I'm pretty sure Michael Lewis wrote the forward on a re-issue of that one years ago. In any case, I find it hard to believe that a collection of business profiles put together in the late 1960s is his favorite business book of all time. Link to comment Share on other sites More sharing options...
Liberty Posted July 12, 2014 Author Share Posted July 12, 2014 I have a hunch that this WSJ article showed up for a reason. It just so happens that a re-issue of the book is coming out in the next month. I'm guessing someone bought the publishing rights... Still, I ordered a copy. A used one :D Well, Bill Gates and Buffett probably wouldn't publicly recommend a book that is out of print and that most people can't easily get. If it was still in print, maybe they'd have done this 2 years ago or whatever. Maybe they were involved with the reprint, but probably because they want people to read it, not because it's material money wise. IMO this is probably Warren's 'favorite book ABOUT business', but he also has different favorite books about investing (Intelligent Investor, Security Analysis) and such... Everybody has a bunch of favorites and depending how you ask you'll get a different answer, and then the media will punch if up by said it's THE favorite. Link to comment Share on other sites More sharing options...
nkp007 Posted July 12, 2014 Share Posted July 12, 2014 It's definitely weird how I've read tens of thousands of pages by Buffett / about Buffett and this book never once came up until yesterday. And I just preordered it. Link to comment Share on other sites More sharing options...
Liberty Posted July 12, 2014 Author Share Posted July 12, 2014 It's definitely weird how I've read tens of thousands of pages by Buffett / about Buffett and this book never once came up until yesterday. One possibility is that Buffett recommends Graham to the larger public because he wants them to learn about that way of thinking, but when Bill Gates came to him, he wasn't going to recommend Graham to Gates - he already knew that stuff - so he recommended something that's less educational/didactic and more what he enjoyed reading (kind of like the difference between how a textbook can teach you more, but you get more pleasure reading Michael Lewis). Link to comment Share on other sites More sharing options...
Parsad Posted July 12, 2014 Share Posted July 12, 2014 Lemmings! :P Cheers! Link to comment Share on other sites More sharing options...
bookie71 Posted July 12, 2014 Share Posted July 12, 2014 Just put it on reserve at the library. They had quite a few of his books. Don't sell your local library short. Link to comment Share on other sites More sharing options...
writser Posted July 14, 2014 Share Posted July 14, 2014 Bill even promotes the book on his blog: http://www.gatesnotes.com/Books/Business-Adventures . You can download one chapter for free. Link to comment Share on other sites More sharing options...
Kraven Posted July 14, 2014 Share Posted July 14, 2014 Bill even promotes the book on his blog: http://www.gatesnotes.com/Books/Business-Adventures . You can download one chapter for free. I heard the inside scoop on this. Here's what happened. Bill went to the grocery store for the first time in over 25 years and couldn't believe the prices. He got worried and decided that having all his wealth in Microsoft stock and various other investments wasn't secure enough so he figured he should develop some alternative streams of income. He ran into a book publisher who told him that if he pushed this book, and got Buffett to do so too, he would pull down 3 cents for every copy sold. The original offer was 2 cents, but Gates is a tough negotiator and got it bumped up to 3 cents. Link to comment Share on other sites More sharing options...
writser Posted July 14, 2014 Share Posted July 14, 2014 "Just think about it Bill. This guy could be the previous Michael Lewis." Link to comment Share on other sites More sharing options...
nkp007 Posted July 14, 2014 Share Posted July 14, 2014 Buffett: Hey Bill, I bet you I can get ten thousand "value investors" to buy a book of random, out of print, old business articles from an author they never heard of. Gates: No way. These guys always do their research. They think independently and ignore the crowd. Buffett: It's easy. Just let them think it was our little secret. And add a pre-order button. Gates: This was a great illuminati meeting. I've learned so much from you Warren. Lebron: Same here. Link to comment Share on other sites More sharing options...
fareastwarriors Posted July 14, 2014 Share Posted July 14, 2014 THey got me! ;D Link to comment Share on other sites More sharing options...
KCLarkin Posted July 18, 2014 Share Posted July 18, 2014 Just started reading it and it seems very good. For avid readers, this book is free with the new Kindle Unlimited service. Link to comment Share on other sites More sharing options...
Pablo12345 Posted July 24, 2014 Share Posted July 24, 2014 Links to three of the articles as published in The New Yorker are here: http://www.newyorker.com/business/currency/bill-gatess-favorite-business-tales-in-the-new-yorker Link to comment Share on other sites More sharing options...
Fat Pitch Posted August 15, 2014 Share Posted August 15, 2014 Buffett: Hey Bill, I bet you I can get ten thousand "value investors" to buy a book of random, out of print, old business articles from an author they never heard of. Gates: No way. These guys always do their research. They think independently and ignore the crowd. Buffett: It's easy. Just let them think it was our little secret. And add a pre-order button. Gates: This was a great illuminati meeting. I've learned so much from you Warren. Lebron: Same here. I literally almost fell off my chair reading this... Link to comment Share on other sites More sharing options...
onyx1 Posted September 16, 2014 Share Posted September 16, 2014 Skeptical about the way this book was promoted by Gates, I took a shot and ordered it anyway. I finished it last night. Bill, if you are reading this, I am sorry for being cynical. This is one of the best books I have ever read about business. Sure, the book won't show readers a path to riches, and the subject matter (insider trading, stockholder meetings, intellectual property, business successes, business failures) may, at first glance, leave one wondering: Why bother, haven't I read enough about these subjects? What makes this book so rewarding is that in addition to taking readers on a chronological path through each true story, Brooks, at the same time, delves so richly into the people involved that instead of reading it, I often felt like I was living it. A fascinating set of stories where human nature plays a key role, and how greed, envy, luck, and incentives combine for dramatic outcomes. A classic book that will still be relevant in another 50 years. Link to comment Share on other sites More sharing options...
dcollon Posted December 2, 2014 Share Posted December 2, 2014 I finally got around to reading this book and it was fantastic. My two favorite stories in the book were "the last great corner" the story of Piggly Wiggly and "in the defense of sterling" about the devaluation of the pound and the struggles of monetary policy. However, all the stories were entertaining and it was a great business history book. Thanks for the recommendation. Link to comment Share on other sites More sharing options...
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