Tag Archives: Andrew Carnegie

My 2015 reading list

In this post I wanted to share the list of books I read along the year (1) with a small comment for each one (2), links to Wikipedia articles about the book (if available) and to the authors (in case you want to read about them). I have also included a small rating from one to three “+” depending on how much do I recommend its reading:

  1. DSC_0342Profiles in Courage (by John F. Kennedy) (++): written by then senator Kennedy when he was convalescent from a back surgery in the 1950s, this book analyzes the context, figures and controvert decisions made by 8 different US senators mainly from the XIX century (from John Quincy Adams, Daniel Webster… to Robert A. Taft), decisions that were not popular at the time in their constituencies but the politicians understood were needed to be taken and demanded courage to do so. For this book Kennedy obtained a Pulitzer prize in 1957. From the analysis, Kennedy extracts some lessons in the last chapter that are well encapsulated in the following dilemma: “[…] the loyalties of every Senator are distributed among his party, his state and section, his country and his conscience. On party issues his party loyalties are normally controlling. In regional disputes, his regional responsibilities will likely guide his course. It is on national issues, on matters of conscience which challenge party and regional loyalties, that the test of courage is presented.” 
  2. “El arte de ser padres” (by Fitzhugh Dodson) (++): a loan from my parents to help us in the quest of upbringing our daughter, the book, written in the late 1970s, did help in removing weight from some situations when the child was at the turn of being 2 years old. Among other things, it teaches you to get more relaxed, laid-back, not to enter into conflict trying to impose things, etc. It was also interesting to see how society and some social conventions have changed from the 1970s to today (e.g. drinking and smoking during pregnancy).
  3. TheSpiritOfStLouisThe Spirit of Saint Louis (by Charles A. Lindbergh) (++): this autobiographic book describes one of the great adventures of the XX century, the first non-stop flight across the Atlantic ocean in May 1927. For this book Lindbergh received a Pulitzer prize in 1954. The beginning of the book covers the days of Lindbergh working for the postal service of Robertson Aircraft Corporation and how he gets engaged into the race of who would be the first pilot(s) to cross the ocean. He later describes the conception, development and testing of the Ryan aircraft he flew for the feat. He finally gives a detailed account of the 33h30′ flight; hour by hour, alone, squeezed in his seat, with scarce food and water supplies, cold, flying day (within the clouds at times) and night, thrilling and semi-unconscious (asleep) at times, until he lands in Le Bourget. I wrote a post review the book, find it here.
  4. El General en su Laberinto (by Gabriel García Márquez) (+): this book is a novel trying to figure out how the last days of the Venezuelan revolutionary Simon Bolivar were. The characters, trips, locations, etc., are real. The dialogues, thoughts, feelings, are the work of Garcia Marquez. As always with Garcia Marquez, there are very vivid dialogues and reflections in the book by way of its characters, however this wasn’t the book I liked the most from him. On the hand, to get a better feeling and description of the last days of a person I very much preferred for the uneasiness it puts you as a reader The Death of Ivan Ilyich by Tolstoy.
  5. Pensar con Arte (by Manuel Conthe) (++): this book shows how our minds work in their way of thinking with their biases and the situations that may arise. The concepts covered are similar to other books that I have read in the past (Thinking Fast and Slow, Seeking Wisdom: From Darwin to Munger or Poor Charlie’s Almanack), the originality here comes from the parallels and connections that the author brings and offers with the arts (literature, paint, cinema, music…), showing examples from different art craft.
  6. España 3.0: Necesitamos resetear el pais (by Javier Santiso) (+++): this book is call for action, for change, for resetting Spain into a country which bases its economy and growth on innovation, education and technology. It starts by offering a rather harsh and in my opinion good diagnostic of many of the ailments of the country. Then shows how several things do work in the country and how in previous occasions the country has raised up to similar challenges and it can and has to do so again. The sooner the better.
  7. The Diary of a young Girl (by Anne Frank) (++): the diary of a 13-year-old girl when she starts writing it and 15-year-old when it finishes, Anne Frank describes how she, her family and some others live day by day in hiding from the Nazis. Throughout the book there are many comments, appreciations, worries, misunderstandings, etc., very typical of that age. Despite of that, at some points of the book Anne provides a great example of resilience, attitude and hope: e.g. at times she reflects that all in all she cannot complain, she doesn’t lose time and imposes onto herself a rigorous studying and reading time schedules, etc. In that extent, her attitude and the diary reminded me of another book I have often seen recommended that I must read, “Man’s Search for Meaning” by Viktor Frankl, a jew imprisoned at a concentration camp.
  8. LeeLee (by Douglas Southall Freeman abridged version by Richard Harwell) (++): this is the biography of Rober E. Lee the general of the Army of Northern Virginia on the Confederate side during the US civil war. The book covers from the origins of the family, the birth and early education of Lee, his days at West Point where he specialized as an US army engineer, and how as the different states start seceding and viewing that his allegiance shall remain to Virginia he resigns from the US army. The book then describes the different battles, the style of Lee during the war and the surrender at Appomattox. Then it covers his final years as president of the Washington college in Lexington. For the extended version of this biography, Douglas Southall Freeman received a Pulitzer prize in 1935.
  9. commonstocksCommon stocks and uncommon profits and Other Writings (by Philip A. Fisher) (++): a classic book about investing strongly recommended by many, among others Warren Buffett. The first edition was written in 1950s, the edition I read dates from the 1970s and includes some reflections of what he wrote in the first one. The main contribution of the book is what the author calls the scuttlebutt (rumor, gossip) technique, that is the thorough research ground work an
    investor must make before investing in any stock by way of talking to sales men of competitor companies, customers, experts on the field, academics, management of the company, etc., and which he summarizes in 15 points. A quick takeaway from the book is that, if you lack the time to thoroughly proceed with the scuttlebutt, it might be better to leave for others, who have, the task of picking your stocks. The Other Writings included in the book relate to what is and how it was developed his investment philosophy and on whether the markets are efficient.
  10. The gospel of wealth and other timely essays (by Andrew Carnegie) (++): In the main essay of the book (The Gospel of Wealth), Carnegie, discusses the moral obligation of the wealthy to redistribute their wealth in life back to the society. He positions himself against charity and offers several options that would have a great impact in lifting those among the poor willing to work in their own progress: funding of educational institutions, hospitals, libraries, parks, monuments, etc. Other essays relate to whether the United States (the Republic) should or not follow the path of Britain in having colonies and dependencies (in relation to the Philippines), a speech explaining the arrangements of the American constitution, critiques on proposals for free trade agreements between Britain and its colonies, etc. A good review of business and politics at the end of the XIX century.
  11. Vol de nuit (“Night Flight”, by Antoine de Saint-Exupéry) (++):  in Saint-Exupéry’s second novel he describes the operations of an air mail business based in Buenos Aires and with aircraft incoming from different locations in South America. The book describes the difficulties of night flight at the time and of developing this new type of service. One particular flight under cyclonic conditions will put into question the whole operation and the different characters, the pilot, her wife, the line operations’ chief, radio operators, etc.

(1) You can find here: my 2012 reading list, 2013 (embedded in my summary of 2013) and 2014 ones.

(2) In this 2015 I have not written many dedicated posts about the books I have read (just one about the The Spirit of St. Louis), but I do not discard making a review of some of them in the future.

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Master in common sense

What is the main thing you learn from studying an MBA? When I have been asked this question I always answer that the learning process is different: Most of the subjects present you with situations / cases that once solved you said to yourself “well, it was applied common sense, wasn’t it?” Yes, applied common sense to some situations you never encountered or reflected on before. This is one way you learn, the other is hearing from first hand hundreds of real stories experienced by your teachers.

It is not like learning to solve fluid dynamics or differential equations exercises… it is not that before you didn’t how to solve a problem and then you know it, at least this is how I felt at EOI. The learning process during the MBA is more like encouraging you to apply common sense to many issues, making you reflect on new topics from those that entertained you at university.

I tell this because after reading “How to win friends & influence people”, by Dale Carnegie, I felt the same.

I found that Dale Carnegie is a great story-teller and nothing is better to learn or reflect on different issues than seeing the application of solutions, skills or techniques in stories, real stories. Some of the ones in the book came from Abraham Lincoln, Benjamin Franklin, Roosevelt, Rockefeller, several American generals… and many others were stories from lay people like you and me.

I remember that one of my teachers in the MBA used to say “70% of your work within a company is just human relationships; and precisely that is not taught anywhere”.

The skill to deal with other humans effectively is so important that, as Dale Carnegie tells in the book, Charles Schwab was the first person to earn a million dollars a year (when 2.500$ a year was considered a good salary), when he was picked by Andrew Carnegie (no relation) to become the first president of United States Steel company in 1921… Why? As Charles put it: “I consider my ability to arouse enthusiasm among my people the greatest asset I possess, and the way to develop the best that is in a person is by appreciation and encouragement”. (We may argue whether he indeed deserved a salary hundreds of times higher than the average… I already discussed this when I commented other book in this blog).

Now, I leave you the different principles that Carnegie offers to improve your effectiveness when dealing with people (a rare animal indeed!), reflect on them:

Fundamental techniques in handling people:

  1. Don’t criticize, condemn or complain.
  2. Give honest and sincere appreciation.
  3. Arouse in the other person an eager want.

Six ways to make people like you:

  1. Become genuinely interested in other people.
  2. Smile.
  3. Remember that a person’s name is to that person the sweetest and most important sound in any language.
  4. Be a good listener. Encourage others to talk about themselves.
  5. Talk in terms of the other person’s interests.
  6. Make the other person feel important – and do it sincerely.

Win people to your way of thinking:

  1. The only way to get the best of an argument is to avoid it.
  2. Show respect for the other person’s opinions. Never say “You’re wrong”.
  3. If you are wrong, admit it quickly and emphatically.
  4. Begin in a friendly way.
  5. Get the other person saying “yes, yes” immediately.
  6. Let the other person do a great deal of the talking.
  7. Let the other person feel that the idea is his or hers.
  8. Try honestly to see things from the other person’s point of view.
  9. Be sympathetic with the other person’s ideas and desires.
  10. Appeal to the nobler motives.
  11. Dramatize your ideas.
  12. Throw down a challenge.

Be a leader:

  1. Begin with praise and hones appreciation.
  2. Call attention to people’s mistakes indirectly.
  3. Talk about your own mistakes before criticizing the other person.
  4. Ask questions instead of giving direct orders.
  5. Let the other person save face.
  6. Praise the slightest improvement and praise every improvement. Be “hearty in your approbation and lavish in your praise”.
  7. Give the other person a fine reputation to live up to.
  8. Use encouragement. Make the fault seem easy to correct.
  9. Make the other person happy about doing the thing you suggest.

“Obvious…” This is one thought that may come to our mind when reading some of these statements. However, we’re not acting in that way every day, being as obvious as they may be – thus getting the results we get…

I encourage you to read the book (~260 pgs.) and see in those stories many examples applicable to yourself; daily situations in which to apply those principles.

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