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Buy this book, read this book, apply it to your business and your life. It will change the way you think about human interaction forever.
Kevin Hogan
...
1.) The Drive to Acquire (D1) - We all have it, it is normal but some have too much of it. Those who have an overdose of D1 tend to teeter on the edge of self-destruction and those around them.
2.) The Drive to Bond (D2) - Everybody likes to feel wanted and belong to some type of organisation (family, cultural, religion, hobby, etc., When a person engages in decicion making, they will usually decided positive for the person who has something in common with them.
3.) The Drive to Learn (D3) - Learning is a part of life and when this drive is not satisfied in people they become aggressive and restless. Have you ever seen a highly intelligent well-paid co-worker leave a job although this person never had any problems with peer or superiors? Chances are that this person was in dire need of a cerebal orgasam i.e. The person was somebody who needed to be mentally challenged.
4.) The Drive to Defend (D4) - We have learned certain beliefs and take them to be true until proven otherwise. When somebody attacks or tries to show us otherwise we become agitated, angry or beligerent because deep down in our subconscious we have a defense mechanism that does not want to be proven wrong.
This is an excellent book for markets, negotiators and employers. What makes us tick inside our crainium. The authors have excellent examples taken from Hewlett-Packard and how they created a bond between employees and the company. Other scenarios show why some companies work extremely well with labour unions and some companies never seem to have any peace between management and unions. Why do we prefer a product over another? All of these answers are in this text.
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With this book, I set up a freeware/generic SQL server and had a working database within an hour. Aside from this book, I have no database experience...just programming and systems experience. I found it a great resource for setting up tables and queries, including under specific products such as "Access97" and other (server-based) products.
It is a simple and clear text, and has been an invaluable source whilst creating databases and writing code to interact with these databases.
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The only thing I didn't like was the lack of a more formal approach to presenting the subject matters.
Two of their best insights for me:
* Architecture affects the organization of the company/business unit. (In my company, we didn't realize this and we failed to create an organization that could support the architecture.)
* Virtually any architecture can accomplish the functional needs of a system - what differentiates architectures are how they provide the essential qualities (performance, modifiability, maintainibility, etc.) to the product.
The book is strongly based in the real-world, with practical examples. I never felt they were straying into "theorectical" land.
I also bought "Applied Software Architecture" but didn't like it nearly as much - I highly recommend "Software Architecture in Practice"!
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Even though I run regularly and try to eat a healthy diet, I have continued to gain weight for the past 8 years. I tried counting calories, increasing my weekly running mileage, group weight loss programs, etc. The scale just kept creeping up.
After reading this book I was able to determine what "type" I was and purchase the supplements recommended. Since starting on the supplements 8 weeks ago, I've lost 8 pounds. I'm eating well, but the sugar cravings and compulsive evening eating have dissappeared. I'm not "dieting," simply eating when I'm hungry and making good food choices most of the time. When I do decide to eat something decadent I don't feel complelled to eat great quantities, a little is quite satisfying these days. All of the behaviors that have sabotaged past attempts at weight loss are gone!
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This novel is a showcase of a writing that invokes as much as it provokes, and it does both exceptionally well. In addition to the brilliant use of image, olfactory and texture to construct a disjointed yet vividly real world, this book provides a thoughtful read that remains playful.
"How can people who eat such good food be so evil?"
That, I think, sums up centuries of debate over religion, the will of God and humanity itself. It's also a delightful sentence completely in tune with everything that had preceded it.
This is not a rollercoaster ride, but it is certainly shipborne voyage. At times it is rocky and at times it is soothing, and ultimately you can't help but be thrilled with where it ends up.
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Greenwald et.al. show a terrific aptitude for remaining informal and conversational while maintaining brevity and orderliness. Neophytes are unlikely to encounter a clearer, more concise explanation of 'discounting future cash flows', and most students of value investing will be well-served by Greenwald's order of equity valuation: (1) Asset Value, (2) Earnings Power, (3) Growth, all of which are clearly explained. Additionally, Greenwald discusses a useful addition to common metrics such as 'net asset value' and 'liquidation value' with the concept of 'replacement cost'. Greenwald also acknowledges and thoughtfully attempts to quantify the value investor's less traditionally acknowledged principle of 'franchise value', which he judiciously attributes to Warren Buffett as the latter's singular contribution to investment analysis.
The book's admirable brevity is also its primary shortcoming. Whereas Graham included senior debt and convertible debt vehicles both in Security Analysis and in his investment practices, this text is for all practical purposes only an examination of equities. If the authors of "Value Investing" ever opt to write about a value approach to bonds and other instruments, I'll bet they'd have a captive audience.
I think the authors' Earnings Power Value (EPV) approach to valuing a company is cutting edge. (Basically EPV is a rehash of Enterprise Value.) Most investors tend to value stocks based on P/E ratios - only looking at equity in a company. However, the proper way to value a company is to look at its whole capital structure - Debt, Equity & Cash. EPV is a much better tool than the P/E ratio for calculating whether a company is undervalued.
The second part of the book that profiles a half dozen or so successful value investors is interesting. It illustrates there are many different ways to execute a value oriented approach. The profiles do not give any hard cut rules that each investor follows, but it does give you a general idea. (I have been successful at applying some of the ideas in managing my own account.) The only flaw of the profiles is the lack of any type of track record. It would have been helpful to list the year-by-year returns for each investor compared to an index. (i.e. S&P 500 Index)
Overall, it's a great book and it deserves a spot behind Ben Graham's Security Analysis and Intelligent Investor.
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Overall, A Begonia for Miss Applebaum was a good book. It was poignant, gentle and somewhat funny. However, the similarities to The Pigman were so glaring that it interfered with the book.
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I do think Higgins could have done more to develop his characters. I don't feel that I really got to know the book's most exciting character, Harry Martineau.