rkbabang Posted December 5, 2017 Posted December 5, 2017 I just ordered these two books on sale today: Good Profit: How Creating Value for Others Built One of the World's Most Successful Companies by Charles G. Koch $2.99 Out of My Later Years: The Scientist, Philosopher, and Man Portrayed Through His Own Words by Albert Einstein $1.99
IntrinsicEdge Posted December 5, 2017 Posted December 5, 2017 Nice find. Bought both. Thanks for sharing!
JayGatsby Posted December 5, 2017 Posted December 5, 2017 Good Profit was a great book. Less so for somebody who is purely investing, but for anyone who has any ability to manage incentive structures it's definitely worth reading. The Kochs inherited a good business and then have compounded it at a ~15% growth rate. Charles was quite young (in his late 20s, maybe 30 if I remember right) when he took over. The two lessons I really remember from that book are: 1. You have to keep putting yourself out of business through innovation or somebody else will 2. Create a meritocracy and people will drive results
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