2024-11-29
When the automobile was invented at the turn of the 19th century, companies continued to produce buggy whips used by coachmen. Knowing what happened next, one might wonder why these companies insisted on manufacturing a product that would soon vanish, save for museum displays and barns. Of course, many people continued to use horses as a means of transportation in the years that followed (when I visit my children at their school in rural Ohio, I still encounter horse-drawn carriages on the back roads!), but the fate of buggy whip manufacturers was already sealed.
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2024-11-22
The Worst Traits of a Leader
I’ve written a few blogs in the past about the qualities that make excellent business leaders...
2024-11-15
Control What Is Controllable
With Donald Trump’s recent victory as the next President of the United States, I believe we...
2024-11-08
The Perverse Power of Incentives
I am currently reading the new book by Yuval Noah Harari, Nexus. Harari is also the author...
2024-11-01
Favoring the Canadian Market?
Several factors lead me to believe that the Canadian stock market is appealing compared to the...
My current recommendation
By Ray Dalio, 576 pages, 2021, Simon & Schuster
In this must-read book, the author examines 500 years of political, economic, and financial history to present an accessible analysis of the rise and decline of nations through time. This work definitively changes our outlook on the world and allows us to understand where we are going, in a future which risks being very different from the reality in which we live today, while the world stage is in upheaval and could lead to a new equilibrium in which we would see a decline of the American empire.
Publisher’s website
Recommended by Phillipe
By Ray Dalio, 576 pages, 2021, Simon & Schuster
In this must-read book, the author examines 500 years of political, economic, and financial history to present an accessible analysis of the rise and decline of nations through time. This work definitively changes our outlook on the world and allows us to understand where we are going, in a future which risks being very different from the reality in which we live today, while the world stage is in upheaval and could lead to a new equilibrium in which we would see a decline of the American empire.
Publisher’s website
Recommended by Phillipe
By Bernard Baruch, 340 pages, 2015, BN Publishing
Initially published in 1957, Bernard Baruch’s autobiography remains captivating and reveals a character rather unknown to the public. A true Wall Street legend at the turn of the 20th century, he ran his own brokerage firm and became a millionaire before the age of 35. His influence was mainly exercised by advising several American presidents, from the twilight of the First World War until the end of his life, particularly on economic matters, besides being at the origin of international control of atomic energy. In short, a man who shaped history and whom I had a lot of pleasure discovering.
Publisher’s website
Recommended by Phillipe
By James Clear, 320 pages, 2018, Penguin Random House
Acquiring good habits and, above all, getting rid of bad ones are not always easy tasks. In an engaging book, James Clear guides us to adjust our environment to put in place incentives that will motivate positive habits and discourage negative ones. Small changes that can translate into big improvements over time. In a nutshell, a read that I found very inspiring for those who want more than setting goals by putting in place a system to achieve them.
Publisher’s website
Recommended by Phillipe
By Ben Carlson, 224 pages, 2015, Bloomberg Press
Why make it complicated when you can make it simple: this is the angle from which the author approaches investment. There is a lot of noise in the markets that can distract and confuse the investor. This book explains how to identify the relevant information you need to rely on to develop simple investment strategies that will allow you to not only be smarter than the market, but more efficient.
Publisher’s website
Recommended by Phillipe
By Thomas W. Phelps, 302 pages, 2015, Echo Point Books & Media
It is possible to multiply your investment by 100 on the stock market, provided you choose your stocks carefully and, above all, be very patient. This is what the author explains in this accessible guide, demonstrating the benefits of developing a long-term investment strategy (buy and hold). Written several decades ago, it remains relevant today, although it goes against the current short-term trends.
Publisher’s website
