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Manchester has an unrestrained admiration for Churchill. Nevertheless, at no time in this volume does he overlook Churchill's many faults of personality. Many of these faults become clear when Manchester examines Churchill's personal life at his Chartwell estate and his relationship with his family and the servants and secretary's who worked for him. Despite these faults, however, the Churchill of this book comes across as a man touched with greatness and who is well aware of it. But this book is not merely the story of Churchill but the story of the small shabby men whose policy of appeasement in the face of absolute evil laid England low. Most of the government during the thirties fits this bill but in particular Manchester singles out the three prime ministers, Ramsey McDonald, Stanley Baldwin and Neville Chamberlain and Chamberlain's foreign minister Lord Halifax.. The author's contempt for these "Men of Munich" drips on virtually every page. He contrasts their fecklessness with Churchill's steadiness. Certainly Churchill recognized from day one that Germany had been overtaken by a deranged criminal regime and that such a regime would necessarily threaten the peace of the world. The Men of Munich just could not see it. Churchill believed, without once wavering, that a foreign policy built on strength and deterrence could prevent war but that a policy of appeasement could only guarantee it. The Men of Munich believed quite the opposite. Manchester shows the motivation of the appeasers to be more complex than commonly understood. Nevertheless, since, to their mind, no rational human being could want war, any dispute with Germany could be resolved through diplomacy and negotiation. It never occurred to the Churchill's foes that Hitler was no rational human being but rather quite mad or that they were not "negotiating" with him so much as giving in and retreating.
A review of the events of the thirties shows a steady British retreat beginning with the failure to stop the re-occupation of the Rhineland then the failure to halt the annexation of Austria, the infamous betrayal of Czechoslovakia at Munich and finally the failure to prevent the final conquest of Czechoslovakia. Indeed, even after the invasion of Poland and declaration of War, Britain and France held back from aiding the Poles for fear Hitler would "turn west". Not until Churchill returned to power, nearly a year after the start of the war and days before the capitulation of France did the policy of appeasement truly end.
Even without the benefit of hindsight, the policy of the British government during this period defies belief. Churchill stands as starkly in contrast to these appeasers as he does to the criminal Hitler. Churchill's wilderness years contain important lessons for today's policy-makers. Appeasement of evil is not only wrong but foolish. It never preserves peace but only guarantee's war. Manchester is a great writer. His prose is lively and his storytelling ability is excellent. All lovers of history will adore this book. I highly recommend it. What a pity that there will never be a third volume chronicling the war and post war years of Churchill's 90 year life.
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A key insight of his method is the possibility of being "soft on the people, hard on the problem." Negotiation is often associated with macho words like "bruising," "hard nosed," and "marathon" that it is easy to forget negotiation is not war pursued by other means. We negotiate as an alternative to battle, not as another version of it. Everyone wants an acceptable outcome and! would prefer to get to it without being harmed. Ury techniques for separating the issues from the personalities help produce resolutions without unnecessary upsets and leave all involved willing to negotiate another day.
Many books and articles use familiar examples from the news to illustrate their points. The difference with Getting Past No is that when Ury talks about the Cuban missile crisis is is with the authority of one who was in the room with JFK. He has also participated in labor negotiations, mergers and conversations with his children. His research and personal authority inform every suggestion.
If you are ready to reduce the time you spend capitulating and combating, if you are ready to start taking responsibility for crafting Win-Win agreements, then reading and applying this short book is your best start.
1) Don't react 2) Disarm them 3) change the game 4) Make it easy to say YES 5) Make it hard to say NO
5 excellent steps in winning over a reluctant negotiation partner. Simple and clear steps that can have a great impact.
Getting Past No stands on its own. You don't need to have read Getting to Yes to understand and appreciate this one. Only do I love to go back to the basics of negotiation over and over, and their is for me no supplement to Getting to Yes.
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As a full-time trainer of writers and editors, I have used this book with everyone from grammar-challenged support staff to highly educated professional editors. With some classes, I've also used the optional worksheets (sold separately). I can't recommend Gregg highly enough.
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Mary and Laura start to go to school and on their first day they met many friends and some foes. one of their rivals was named Nellie who had a party and invited all the girls from school. Nellie was very rude and very cruel to Mary and Laura. Laura decided to have a party as well, and invited all the girls from school. Laura invites Nellie particulary to get back at her, and boy did she do a clever and a funny prank on Nellie. Then the Ingalls experienced blizzards, storms, and prairie fires which were very devastating. After all the work the family put into the farm and the wheat, their work finally payed off.
This book had lots of surprising, unpredictable, and very exciting events. If I could rate this book on a scale of one through ten, I would give this book a ten. Once I started to read this book I couldn't put it down, because I was so hooked on it. This book is fantastic and is great for every age, and great for every age, and should be enjoyed by everyone. If your looking for a great book that will excite, delight, suprise, and grasp your attention, On the Banks of Plum Creek is just the book your looking for.
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Dr. B effectively presents additional arguments for value investing and tax-efficient investing. The last chapter also contains a very useful reading list, providing a synopsis of books by Malkeil, Bogle, Haugen, and a host of web sites which can provide valuable data and reading. Investors should not overlook Dr. Bernstein's own web site, which is frequently updated with his newsletters.
The very beginning investor should perhaps first explore Bogle's Common Sense on Mutual Funds, and then explore texts by Burton Malkeil, Larry Swedroe, and perhaps a few others. This text can then be dived into (patiently). Bruce Temkin's recent text, The Terrible Truth About Investing, should then follow, lest the individual investor believe that he or she knows it all.
I highly recommend this text as an addition to every serious individual investor's library, and to investment advisors desiring to explore the fundamentals of Modern Portfolio Theory.
Few investment books rarely deserve our time and attention but this is a "must read" for novice and experienced investors alike.
If you've read anything by Bogle, Malkiel, Swedroe or Graham, then you'll appreciate Berstein's book. And given the current market situation and volatility, your nerves will be calmed by what Berstein has to offer.
The arguments are cogent and the text is well-written which makes this book easy to read again and again. And best of all, you can act on his recommendations for how to get started on constructing and re-balancing a diversified portfolio.
What's the big message to grok then from reading this book? (Let me whisper this to you very quietly so as not to disturb the brokerage and fund managers). Stock picking and active fund management are not as effective (consistently) as simply buying and holding a diverse set of asset classes. Most of which can be assembled and maintained using low-cost index funds. (Bernstein also points out the importance of low transaction costs and fees on performance/returns).
You may have heard this before but Berstein has done the hard part and now explains in detail why this is the case if not the law of intelligent investing. Is this case, what you don't know about investment risk will hurt you.
But the bigger message is that market risk is real. Asset values go up and down. However, by applying intelligent asset allocation, your individual portfolio risk can be managed (even minimized) while at the same time achieving reasonable rates of investment return. In other words, owning and investing in a diversified set of assets is the single most important investment policy decision you will make. Period.
Imagine that. Stock picking and hot hand mutual funds don't work as effectively as a diversified portfolio of index funds in the long run. And this is key because intelligent investing is all about time. Buying and holding a diversified portfolio for long periods of time. And most importantly, maintaining a disciplined approach to asset allocation and re-balancing on an annual basis.
Who should read this book? For starters, anyone who has won the big prize on Who Wants To Be A Millionaire? Read this book before you call a broker.
Secondly, any individual managing their own investments and/or 401K investments.
Finally, to all reformed stock pickers and chartists: do you want to sleep better at night? Read this book as well as Swedroe's book. As much as we would like to have our own black box trading systems to out perform/hedge the market, it probably isn't going to happen on this planet. Just ask the folks at Long Term Capital Management or George Soros or Julian Robertson.
If you're still not convinced of Bill Bernstein's wisdom, then go to his [site] and read his quarterly journals. His understanding and grasp of the subject are inspiring even to first time investors like myself. And he's a good writer too!
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