Used price: $1.50
Collectible price: $9.53
Buy one from zShops for: $12.00
Used price: $0.80
Collectible price: $4.19
Buy one from zShops for: $3.25
If you have missed this basic fact, do read this book, it explains in rather boring terms why it is so.
Personally I think they put to much emphasis on time as a competitive advantage, and tend to disregard other factors, equally important. A more relevant reading would in my opinion be D'Aveni's Hypercompetition, that takes the concept to its logical conclusion, which Hoult and Stalk misses.
Unfortunately, neither of the authors are very entertaining writers, especially as this book is usually mandatory/recommended reading in most MBA classes on strategy.
In conclusion, good, once revolutionary, but today mostly over-rated.
Many companies have had trouble implementing this concept in the way it is articulated. They simplify their process, but may not improve it. This may mean that new products arrive in the market that are not really ready for the customers. That can be all right if you can quickly fine-tune the products in beta tests and the customers have that expectation because you are giving them so much benefit anyway. If you do this with me-too products that don't work, the results can be disastrous in terms of damage to your company's reputation and customer relationships.
The authors do not spend enough time on helping people understand how to improve their processes, and how to create more speed without killing stress on the people involved. For many companies, this book can be dangerous. I think this book could use a new edition that would address these two areas in more detail.
On the other hand, if you have any doubts about the potential benefits from speedier action, you should read this book. It will change your mind using excellent examples.
Have a speedy read!
Used price: $7.00
Buy one from zShops for: $7.70
Used price: $6.35
Included in the book are Thomas' many military victories: the complete defeat of a Confederate army at the battles of Mill Springs and Nashville, repulse of Hood's attacks at Atlanta, and of course, perhaps his most stunning achievement - holding the Confederate Army at bay on Snodgrass Hill while the rest of the Union Army retreated from Chickamauga.
Throughout the book Cleaves describes Thomas as a man who willingly subordinated his desires for the best of the nation, something lacking in most "leaders" today. Several times Cleaves describes Thomas as a calm, confident, and not easily shaken man in whom soldiers took great comfort in knowing he was in charge.
I only wish there would have been more maps used when describing the many battles Thomas participated in. Doing so would have made it easier for me to follow the troop movements, whether in an individual battle or a campaign.
All in all, an excellent read of an excellent general and gentleman. Thomas was a refreshing change from the self-promoting methods other "leaders" in the 1860's practiced - he would still be a rare gem if he were alive in today's world!!!
Union loyalists of Southern birth like Thomas, Buford, etc. were just as alone and alienated in their army as Southern loyalists of Northern birth like Pemberton. They suffered an ostracism, a fundamental distrust that really reached its peak in this country when we sent thousands and thousands of Japanese Americans to concentration camps in California in World War II while concurrently having their sons fight and die in Europe. Thomas' story is really no different and every bit as unfair.
This type of unfortunate, 'protective tuck' is a natural reaction during a national emergency. Fortunately, leading edge historians like Freeman Cleaves have left us a record of one man's sacrifice for the country of his birth.
George Thomas was not treated properly by anyone, North or South. Lincoln treats him as a political liability and pawn, Stanton fundamentally distrusts everyone of Southern heritage, and the Union troika of Grant, Sherman and Sheridan have much to be ashamed of: Grant for his smallness, Sheridan for the desertion of someone who must have been his mentor and Sherman for betraying a long standing friendship. The South simply refused to acknowledge his existence. When Thomas was down, everyone kicked. Being Southern born, he was an easy competitive target for both sides both during and after the war. He simply had no mentor anywhere.
Yet this courageous fighter survives much political intrigue to not only save a complete Union army from annihilation, an army by the way that he did not personally command but could have, but also completely destroys the South's Army of Tennessee and possibly, just possibly pulls Sherman and Grant's chestnuts out of the fire. Playing a key and fundamentally pivotal role in Grant and Shaman's grand strategy, after his success he is simply thrown aside like an old shoe and not just forgotten but treated miserably, like his very existence and success was an embarrassment to the victors.
Read this book! It is about an American patriot who sacrifices everything, his reputation, home, family and pre and post war friendships for the ability of the United States to develop into the world example it is today. It is the kind of story all Americans appreciate: doing the right thing while succeeding against all odds, foreign and domestic.
The reasons for Thomas' relative obscurity have been well stated in other reviews _ his southern heritage; his self-effacing disposition except (as Cleaves points out) when he felt he had been done an injustice. It didn't help that Sherman, one of his sponsors and Grant, his classmate at West Point, shut him out of the post-war glory and that he died in 1870, too early to establish a reputation.
Is the subtitle ("The Man who Save the Union?'') justified? Look at it this way: There's no question that Thomas' stand at Chickamauga made Sherman's campaign through Georgia possible. And if that hadn't happened, Lincoln might not have been re-elected in 1864, perhaps leading to a truce that would have left the nation split. That in itself is reason enough to celebrate Thomas.
But as Cleaves emphasizes, Thomas was more than that. Military historieans consider him one of the best defensive generals ever, a man who would have stood out in any war. And unlike many of our heroes, he was a decent man.
We could use more like him.
This 55-year-old book could use more readers.
Used price: $1.89
Buy one from zShops for: $1.99
"Keys To Reading An Annual Report" by George Thomas Friedlob and Ralph E. Welton is a wonderful, little book for all investors. Each of the fifty, three-or-four-page sections covers a key concept that investors should understand when reading a public company's annual report and other financial statements.
"Keys To Reading An Annual Report" is no substitute for a complete text about financial statement analysis, such as "The Analysis And Use of Financial Statements," but "Keys To Reading An Annual Report" is an excellent first read for new investors who are learning to understand financial statements. And, experienced readers of annual reports will probably find this book a useful review.
Some of the fifty key topics covered include:
--SEC Forms 10-K, 10-Q, and the 8-K
--Current Assets
--Cash and Receivables
--Cost of Goods Sold and Inventories
--Property, Plant, and Equipment
--Depreciation
--Intangibles and Other Assets
--Depletion and Amortization
--Current Liabilities
--Bonds and Amortization
--Owner's Equity
--Classes of Stock
--Treasury Stock
--Discontinued Operations
--Ratio Analysis
--Taxes and Tax Deferrals
Many of the topics "Red Flag" things to which investors should pay special attention. For example, the chapter about Depreciation Red Flags: "The basis for long-lived asset valuation is historical cost. Because depreciation does not measure actual decline in value, the net book value of a long-lived asset (historical cost - accumulated depreciation) is not a good measure of the cost of replacing the asset. Neither is net book value a good measure of what the asset would bring if sold." (i.e., depreciation expense is a way of expensing the long-lived asset. And, the balance sheet only lists the so-called "unexpired cost.")
The red flag also discusses the difficulty in comparing depreciation across different companies because of the different ways depreciation may be computed.
The section about Treasury Stock tells us: "Stock Issued by a company may later be reacquired by the company. In some cases, the company may retire or cancel this stock. When reacquired stock is not retired or canceled, it is referred to as treasury stock." (there is a nice glossary at the end of the book.).
Friedlob and Welton point out that treasury stock is not an asset. "A company cannot create an asset by holding stock in itself."
However, because the reacquired stock may have been reacquired at a different price than it was originally issued, the wealth within the company can change in such a treasury stock transaction. For example, suppose stock is issued for $20 per share, but reacquired for $2 per share (it's an internet company!), then, somehow, the company has taken in $18 per share on the transaction. How is this accounted for in the financial statements?
Friedlob and Welton explain: "Just as treasury stock is not an asset, a loss or gain cannot result from treasury stock transactions. 'Things' happen that you and I would call a 'loss' (reacquiring treasury stock for $20 per share and later reissuing it for $12) or a 'gain' (reacquiring treasury stock for $30 per share and later reissuing it for $40). But it is illegal for a company to produce a gain or loss transacting in its own stock. When total stockholder's equity is decreased by treasury stock transactions (a loss), the decrease is generally taken directly from retained earnings. No loss is taken... When total stockholder's equity is increased by treasury stock transactions (a gain), the increase is recorded as a separate source of capital called Paid-In Capital from Treasury Stock Transactions."
So, by reading a little, two-page section about treasury stock in Keys To Reading An Annual Report, you probably now know more than 99% of all investors know about treasury stock!
"...If you are new to investing, you might also want to pick up a copy of Barron's "Keys To Investing In Common Stocks," which is an excellent first read for investors.
Peter Hupalo, Author of "Becoming An Investor"
Used price: $6.50
Collectible price: $10.00
The second half of Thomas-Finney is devoted mainly to three-dimensional analytic geometry, multivariate calculus, and finally vector calculus. Partial derivitives, conic sections, vector-valued functions, and multiple integrals are just some of the topics covered in the second half. Here too, the book devotes ample time to examples and applications. The presentation of advanced concepts is top-notch.
The text is also interspersed with mathematical biography and sidebars that explain how to use CAS to help understand concepts. These are well presented and do not take away from the core math taught in the book.
I taught myself calculus during a summer using this book and without teacher intervention. It was the only one of five calculus textbooks that presented material clearly and simply enough to understand without outside help. In my mind, that's the highest compliment a math textbook can be given.
Used price: $16.33
Buy one from zShops for: $19.95
Foremost in thinking at the time, Thomas Paine rallied the people to seek a better, freer, and independent movement to establish the United States. No one will ever know the true extent to which "Common Sense" played in changing public opinion in favor of independence, but it aforded a blunt and direct argument that was written in a language that could be understood by any literate colonist.
As Bernard Bailyn said, "the most brillant pamphlet written during the American Revolution, and one of the most brilliant pamphlets ever written in the Einglish language." Every United States citizen should read this book and this is a must read for all high school students.
Powerful thought for a time when estrangement between England and the thirteen colonies was growing. While the British presence in the colonies was weak throughout the eighteenth-century, and while its power and influence over Americans was by no means dominant, the time was at hand to make a decision.
A decision that would be either bring independence or tyranny, the catalysis was "Common Sense."
Paine begins by outlining human nature as he sees it. In a fascinating inversion of Thomas Hobbes, he notes that monarchy at the present time creates a situation wherein government is as effective as it would be if there were no government at all. The nearly anarchic state of nature defies the logical purpose of government. Paine says that people form societies naturally, and form governments only because human morality is not perfect. The end of government is to protect the right to property and religious freedom. Paine favours a representative democracy wherein there is frequent turn-over, and where the common interests of the people are consulted and catered to. Finally, he argues for the rule and sovereignty of law against the arbitrary and absurd rule of kings and men.
He contrasts this with the British model, in which government seems only to serve the interests of the King and the aristocracy. Taxation, as a primary example, allows hereditary rulers, who are inherently removed from the interests of the industrious people they govern, to live off their subjects without contributing anything of substance to the society or the polis. Paine insists that the province of government is not to regulate the lives of the citizens; instead, it must create and protect an arena where free competition in the marketplace will allow people to pursue their own best interests. With a minimum of government, civil society, Paine believes, can administer itself. In one of his most clever lines, Paine says that if an American government can only see to the protection of its own economy and exports, it will flourish "and will always have a market while eating is the custom of Europe".
The impetus for "Common Sense" is the current of thought that suggested reconciliation with Britain is preferable to independence. In an American public sphere anxious about its relationship to Britain, Paine provides encouragement to debate and discussion with all the subtlety of a street-corner millennarian. Citing the inevitability of a split between the colonies and Britain, and emphasizing that the legacy of America is at stake in the choices of the present moment, Paine calls the drive to independence "the cause of all mankind". In persuasive and urgent, nearly prophetic language, Paine makes a case for the political, economic, and historical implications of American independence.
Of course, "Common Sense" is not without its problems. Paine's discussion of natural and artificial distinctions within society and government is problematic at its intersections with gender and race. Paine's strange thematic of government and prostitution reflects 18th century gender standards; and he never seems comfortable with the issues of African slavery in America or the 'problem' of Native Americans. In this context, it is easy to see, in Paine's assessment of whether independence should be pursued now or later, a prefigurement of the political and economic bases of the American Civil War. Isaac Kramnick's extensive and exhaustive introduction to this Penguin Classics edition of "Common Sense," though nearly 30 years old, sets Paine's achievement in firm and understandable contexts of its philosophical, historical, and biographical origins. An excellent edition of a work that every American, if not everyone, owes it to themselves to read.
Used price: $6.30