3. SHELF it · Money

BR 235: The Ivy Portfolio by Meb Faber

Category: 3 – SHELF it (All Categories are 1 – Read ASAP!, 2 – BUY it!, 3 – SHELF it, 4 – SOMEDAY it)

Comments: Interesting compilation of how endowment managers of the best Ivy league endowments manage their money. Very applicable to personal investing and offers a sliding scale of actions depending on how actively you want to manage your money.

Top 3 Lessons:

  1. Ivy portfolio is 20% each for
    • us stocks
    • International stocks (VWO has emerging stocks or GWX, EWX)
    • Bonds (consider TIPS)
    • Commodities – DBC, GSG (international) – could also do DBA, DBB, DBE, DBP
    • Real estate – VNQ, RWX (foreign real estate), IGF (infrastructure)
  2. If you really want to buy individual stocks, all institutional investors disclose their individual stock holdings. Why would you not follow them?

Book notes here.

3. SHELF it · Business · Entrepreneurship · Technology

BR 234: Subscribed by Tien Tzou

Category: 3 – SHELF it (All Categories are 1 – Read ASAP!, 2 – BUY it!, 3 – SHELF it, 4 – SOMEDAY it)

Comments: This felt like subscription economy 101.. I guess I expected more. :)

Top 3 Lessons:

  1. With subscriptions, product companies are replaced by companies who put the customer first.
  2. When we said newspapers and music were dead, what we were really saying is that the old business model was dead.
  3. The move from access to ownership means everyone is creating a subscription business. And the presence of sensors means even old manufacturers are embracing it. Schneider electric is making elevators default to most used floors for example.

Book notes here.

3. SHELF it · Book Review Actions · Book Reviews · Business · Creativity · Entrepreneurship · Leadership · Management

BR 226: Creativity Inc. by Ed Catmull

Category: 3 – SHELF it (All Categories are 1 – Read ASAP!, 2 – BUY it!, 3 – SHELF it, 4 – SOMEDAY it)

Comments: This will be a fun read if you are a Pixar fan. I enjoyed Ed Catmull’s narration of the Pixar story as most other versions I’ve read focus largely on the genius of John Lasseter (who, as expected, is a key character in this book too). I think my rating for the book was tainted a bit because of the news around John Lasseter’s sexual abuse allegations. :-(

Top 3 Lessons:

  1. For all the care you put in artistry, visual polish doesn’t matter if you’re not getting the story right.
  2. Drawing well requires us to learn how to see. The difficulty with drawing is that we let our mental models of objects get ahead of us and get us to jump to conclusions. So, we lose track of what is actually on the page. Art teachers teach students to conquer this by getting them to draw an object upside down or by asking them to drag the negative space around the object – both of which don’t require mental models.
    This is applicable to problem solving. Don’t just look at the problem. Look at the context/situation around it. In Pixar, a scene could sometimes only be fixed by looking at the entire story or preceding scenes.
  3. If there is more truth in the hallways than meetings, you are in trouble. For managers who go out of the way to prevent surprises, get over it.

Book notes here.

3. SHELF it · Book Review Actions · Book Reviews · Novel Concepts · Technology

BR 224: Quartz: The Objects That Power the Global Economy by Quartz

Category: 3 – SHELF it (All Categories are 1 – Read ASAP!, 2 – BUY it!, 3 – SHELF it, 4 – SOMEDAY it)

Comments: I love the Quartz daily brief and purchased their book almost as soon as they featured it. I expected quality content and they delivered. This book is a smart, nicely crafted, coffee table book. It covered topics like Bitcoin, the Lithium ion battery, iris scanners, and so on. Interesting read.

 

3. SHELF it · Book Review Actions · Book Reviews · Self Improvement

BR 223: Success is Just One Wish Away by Jon Spoeltra

Category: 3 – SHELF it (All Categories are 1 – Read ASAP!, 2 – BUY it!, 3 – SHELF it, 4 – SOMEDAY it)

Comments: A kind friend sent this along as a gift as it is one of his all time favorites. Was a quick and lovely read. This is a classic self help book that involves a man meeting a genie in Oregon. The genie grants him a wish and helps him understand that the best use of the wish is to commit to self improvement and an effective work ethic to become happier and more productive. Very sweet and guaranteed to make you feel good.

3. SHELF it · Book Review Actions · Book Reviews · Business · Entrepreneurship · Technology

BR 220: Hackers and Painters by Paul Graham

Category: 3 – SHELF it (All Categories are 1 – Read ASAP!, 2 – BUY it!, 3 – SHELF it, 4 – SOMEDAY it)

Comments: Hackers and Painters was an interesting read. This is unvarnished Paul Graham from before his Y Combinator celebrity days. His writing has been a lot more controversial of late. But, in this book, he shows up as a compelling writer sharing his notes on a wide variety of topics – from education to hacking to design to programming languages.

Top 3 Lessons:

  1. The least sophisticated users tell you what you need to simplify and clarify while the most sophisticated users tell you what features you need to add.
  2. School was created as a means to keep kids busy while adults did work. (I’ve thought of this from time to time since I first read it)
  3. The difference between design and research seems to be a question of new versus good. Design has to be good while research has to be new. These two paths converge at the top – the best design surpasses others by using new ideas and the best research solves problems that are not only new but worth solving.

Book notes here.

3. SHELF it · Book Review Actions · Book Reviews · Entrepreneurship · Skills · Technology

BR 216: Product Leadership by Richard Banfield, Martin Ericsson, Nate Walkingshaw

Category: 3 – SHELF it (All Categories are 1 – Read ASAP!, 2 – BUY it!, 3 – SHELF it, 4 – SOMEDAY it)

Comments: There are few good books written on technology product management. So, I’d still recommend folks in product management to read it. However, the biggest challenge I had with this book was that it felt like a collection of quotes from various PMs around the world. I wish there had been more of a central thesis or hypothesis laid out.

Top 3 Learnings: 

1.  Product Management is the intersection between business, user experience, and technology.

Business: Primarily focused on optimizing a product to achieve business goals while maximizing return on investment
Ux: Voice of the customer and must be passionate about the customer and their problems.
Tech: Understand the stack and the level of effort involved.

2. The best roadmap is a strategic communication artifact that is focused on the big picture and conveys the path you’ll take to fulfill your product vision. Split roadmap into themes based on customer problems

3. The product leader as CEO idea is misleading. A better analogy would be the product leader as the captain of a sports team, a conductor of an orchestra, or a university professor guiding their class. Like the professor, conductor, or team captain, the product leader is an individual who succeeds only by bringing the whole team along with them, working toward a common goal.

Book notes here.