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Slim's memoirs, first published in 1956 while he was serving as Governor General of Australia, begin with his assignment to command the 1st Burma Corps during it's desperate fighting retreat from Burma into India in 1942 after the Japanese captured Rangoon. Then later, as chief of the 14th Indian Army, he oversees the regrouping and rebuilding of the force that finally decimates the Japanese invaders at Imphal in northern India, and subsequently chases the fleeing enemy back south through Burma.
One of Slim's most notable characteristics is his evident lack of an overbearing ego. Several times in his book, he makes reference to his mistakes, errors in planning or judgement, and his deficiencies as a military commander. (Imagine that other famous British Field-Marshal of the war, the prima donna Montgomery, admitting such!) Much to his credit, Slim apparently learned hard lessons as he went along, and emerged as the better man and general for it. This, combined with his great concern for his men's morale, health, training and supply, justifies the high regard in which he was held by "rankers" such as Fraser. Churchill was wrong when he remarked, "I cannot believe that a man with a name like Slim can be much good."
The author's history of the Burma war is comprehensive - perhaps excessively so for the casual reader such as myself. His narrative includes the movement of troops as far down as battalion level, which is way more than I needed to know. Because of this, I might have awarded 4 stars instead of 5 had I been less mindful of the contribution Slim's memoir makes to the history of an almost forgotten theater of the global conflict. A keener student of the Burma campaigns is certain to appreciate these details more than I did.
Finally, there is the Field-Marshal's dry British wit, which shows all too infrequently. For example, when discussing his opposite number in the Japanese Army, Lieutenant General Kawabe, Slim writes:
"I did, however, manage to get a photograph alleged to be that of Kawabe. It showed what might have been a typical western caricature of a Japanese; the bullet head, the thick glasses, and prominent teeth were all there... When I needed cheering I looked at it and assured myself that, whichever of us was the cleverer general, even I was, at any rate, the better looking."
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After thorough analysis of the shortcomings of today's "earnings game," the authors map out a comprehensive approach to determining and sharing key financial and nonfinancial data that will help all business stakeholders assess a company's value. By using internal performance measurement tools such as the Balanced Scorecard for external reporting, companies can focus more clearly on creating value rather than face a quarterly scramble to burnish their earnings picture. Nonfinancial disclosure would also improve decision making for investors by providing a more complete picture of company operations and strategy.
In addition to promoting a commitment to improved ongoing communications, the authors note that the Internet and recent financial disclosure regulation have enabled new entrants to develop and distribute a range of economic information and services that compete directly with traditional Big-5 and Wall Street firms. This could signify the end of the "double-secret, uber-whisper" the earnings rumors that reach (and reward) only a subset of a subset of people in the know.
As an organizational consultant, this book was very helpful in clarifying the network of relationships among companies, analysts, regulators, accountants, and investors - and showing how they misestimate value and often move markets based on limited, asymmetric information. ValueReporting suggests an alternative way for companies to account for themselves that is aligned with sound management and sound investing.
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Chilton continues to uses a narrative style using characters that just about anyone could relate to. The Wealthy Barber breaks the age-old mind-set that only the rich can be rich. An excellent primer, you can apply techniques in his book today to ensure a better tomorrow. He also encourages further exploration and learning in order for anyone to become wealthy. Whether you're an executive or a gas station attendant, given patience and a little fortitude, you too can be wealthy!
I urge you, read this book!
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Only Chapter 5 "KKR as an Institutional Form" focused on the firm itself, and even this treatment was not nearly as obsequious as many other financial books (most notably "Goldman Sachs: the Culture of Success" by Endlich). Mr. Baker and Mr. Smith take a very level-headed approach and document the growth of the firm in a straight-forward manner, although they do inject a good deal of 'positivity' to their view, i.e. the revolutionary introduction of Monday Morning Meeting's at KKR in the 1990's (this is commonplace at most banks).
I particularly enjoyed the second chapter "Recasting the Role of Debt" which talks about some of the earlier transactions that KKR did in some depth. The description of their LBO of Houdaille is very much worth reading, if only for the fact that traditional 'Old Economy' companies are again garnering such interest. Indeed, that is a very noteworthy aspect of the whole book, KKR focused on established companies with real cash flows. The one transaction which involved real growth financing was a near bust. This is very different than all of the financial maneuvering that has gone on over the past two years, and it is interesting to compare the sustainability of the two efforts (the many years of KKR's existence surely triumphs over venture capital's recent 15 minutes of fame). Chapter 4 on "When Risk Becomes Real" talks about some of the failed KKR transactions, EFB Trucking and Eaton Leonard in some detail. The reaction of KKR to these hiccups is very impressive, and while it is told with the same 'positivity' of the authors as mentioned above, the authors still do a good job of telling the story in an objective manner. The efforts of the partners to maintaining KKR's reputation in the marketplace is nothing short of heroic, and while there was a clear financial incentive over the short term it is clear that the longer term reputation of the company also played a clear role in motivating their actions.
It really is rare to get a book as good as this with detailed financial information (even if it is more than 10 years old) and a mostly unbiased view of the Company. Where the authors are biased, it is easy to pick up and interpret. This is very much an academic treatment of the firm, with some detail as to what the rest of the market was doing, but not a whole lot. There are just the right number of graphs, which is very nice. I would think anybody working in finance would enjoy this book, although given the depth in which it describes the transactions, it might not be the most leisurely read. This is an outstanding book.
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Orphaned at 39 was both highly informative in dealing with elder care issues, as well as being very creatively written. And the marvelous photographs completed a perfect visualization of the characters lives.
This author is a remarkable story-teller, and he has a fabulous command of the English language. In addition, his writing provides just the right amount of detail, which enables the reader to never get lost in a complicated story that spans some sixty years.
By reading this book, I now have a better understanding of the care needs of the elderly. And, happily, I now have a better understanding of what my role will be in caring for my own parents as they age.
Excellent book!
Intertwined within the fabric of the story, is superbly researched information about elder-care issues; what types of elder-care are available, where to find the help, how to disseminate information, etc.
And the storyline itself causes this book to be a real page-turner. I read it completely the first night, loaned it to a friend and, then, when I got it back, read it again. It was even more delightful the second time!
Highly recommended!
It is a true story of a middle-aged baby boomer who gets involved with the health care of his elderly father. During the process, the author tells a moving story about how the experience has so incredibly affected him.
The author, while telling this story, also helps the reader with how best to deal with the many issues that face a care-provider -Medicare, locating a quality nursing home, dealing with medical insurance companies, and many other pertinent issues are discussed from a "been there, done that" perspective.
The book also provides many (and I mean many) touching stories about his relationship with his now deceased (hence, the "Orphan" moniker)parents. Many a tear was shed while I read this book.
But the message of the book is simple - WE NEED TO TAKE CARE OF OUR PARENTS AS WELL AS THEY TOOK CARE OF US WHILE WE WERE CHILDREN!!!
This is an awesome book - a real page-turner that you will not want to put down.
Like a true Warhol disciple David Lachapelle is always looking for the beauty in everyday things, he used to get depressed when he would go away anywhere and see signs of industrialitation, until he start finding the beauty in them, "we get excited now when we see Golden Arches an parking lots...The've replaced the forest".
There are no words that can explain these hipnotic, surreal, intriguing and enchanting photograhs and the emotion you could achieve when traveling through the pages of this book. It contains 151 pages of photographs, including pictures of Leonardo DiCaprio, Kim Basinger, Simon Le Bon, The Smashing Pumpkins and the one and only Andy Warhol; plus 91 small outtakes of the photo sessions in two pages.
In LACHAPELLE LAND absolutely all the people look Hipnotically Beautiful, like he says he wants his photographs to be a break of beauty, this books is a Trip of Beauty.