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As the FT and McKinsey launched their 2016 business book award last week, columnists selected classic titles worth a reread. Martin Wolf chose Parkinson’s Law: The Pursuit of Progress as a primer on bureaucracy. John Thornhill opted for David Nasaw’s Andrew Carnegie biography. Gillian Tett selected When Genius Failed: The Rise and Fall of Long-Term Capital Management. Andrew Hill plumped for The Wisdom of Crowds: Why the Many are Smarter than the Few. Here are some of the reader suggestions:
The Jungle by Upton Sinclair . . . every young person should read it. Okay2
How to Win Friends and Influence People. [by Dale Carnegie]. So many people these days seem to lack basic social skills. Elgar
Enron: The Smartest Guys in the Room gets my vote. It has the human drama of the Olympus scandal (on which Exposure is a genuinely thrilling read), the hubris of RBS (as vividly detailed in Making it Happen), the scandal of Drexel (unforgettable from Predators’ Ball) and leaves you with a sense of outrage tinged with a wish to have been there to see it all first hand (familiar to anyone who’s read Too Big to Fail). Nothingimportant
Against the Gods by Peter Bernstein, which studies risk, bears reading many times. And if you want to know WHY you make risky decisions, Thinking, Fast and Slow by Daniel Kahneman has to be in there too. Manticore
Extreme Money: The Masters of the Universe and the Cult of Risk — Satyajit Das. Fascinating insights into corporate deals and greed. The Great Crash 1929 — John Kenneth Galbraith. Still as relevant now as then. In fact even more so. Beachcomber