A unique, humorous way of viewing financial folly.
Edwards presents a novel approach to the financial debacle by analyzing the expressions we’ve come to associate with fraud and dishonesty.
So many books analyzing America’s financial meltdown have flooded the marketplace that they almost become indistinguishable, but Edwards’ contribution stands out from the crowd. The twist here is the book isn’t about financial malfeasance—it’s a well-researched, engaging and often amusing study of 100 expressions we use to describe financial malfeasance. Edwards says in his preface that he found more than 500 expressions that could apply, but selected the most relevant 100 for his book. He has collected such euphemisms as “cooking the books,” “it’s not worth the paper it’s written on” and “the cat’s out of the bag,” and intelligently organized them into appropriate categories including “Easy Money,” “A Fool and His Money are Soon Parted” and “This is a Fine Mess You’ve Gotten Yourself Into.” Each expression occupies a minichapter in which Edwards includes the saying’s origin, discusses the way its meaning may have changed from one century to another and demonstrates its modern-day usage by including it in a salient quote. More often than not, Edwards makes a wry comment or witty observation that lightens up what otherwise could be an overbearing work. He refers to Wall Street fraud and the government’s ineffectiveness in regulating the financial services industry—in fact, it’s an underlying theme throughout the book—but only insofar as it relates to the expressions themselves. Edwards also manages to find just the right quotation from personalities old and new to add to the beginning of every chapter; the quote for the chapter describing the expression “They Could Sell You the Brooklyn Bridge” is from Paul Newman: “If you’re playing a poker game and you look around the table and can’t tell who the sucker is, it’s you.”
A unique, humorous way of viewing financial folly.Pub Date: July 15, 2011
ISBN: 978-1466210738
Page Count: 192
Publisher: CreateSpace
Review Posted Online: Aug. 26, 2011
Kirkus Reviews Issue: Sept. 15, 2011
Review Program: Kirkus Indie
Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our...
A psychologist and Nobel Prize winner summarizes and synthesizes the recent decades of research on intuition and systematic thinking.
The author of several scholarly texts, Kahneman (Emeritus Psychology and Public Affairs/Princeton Univ.) now offers general readers not just the findings of psychological research but also a better understanding of how research questions arise and how scholars systematically frame and answer them. He begins with the distinction between System 1 and System 2 mental operations, the former referring to quick, automatic thought, the latter to more effortful, overt thinking. We rely heavily, writes, on System 1, resorting to the higher-energy System 2 only when we need or want to. Kahneman continually refers to System 2 as “lazy”: We don’t want to think rigorously about something. The author then explores the nuances of our two-system minds, showing how they perform in various situations. Psychological experiments have repeatedly revealed that our intuitions are generally wrong, that our assessments are based on biases and that our System 1 hates doubt and despises ambiguity. Kahneman largely avoids jargon; when he does use some (“heuristics,” for example), he argues that such terms really ought to join our everyday vocabulary. He reviews many fundamental concepts in psychology and statistics (regression to the mean, the narrative fallacy, the optimistic bias), showing how they relate to his overall concerns about how we think and why we make the decisions that we do. Some of the later chapters (dealing with risk-taking and statistics and probabilities) are denser than others (some readers may resent such demands on System 2!), but the passages that deal with the economic and political implications of the research are gripping.
Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our minds.Pub Date: Nov. 1, 2011
ISBN: 978-0-374-27563-1
Page Count: 512
Publisher: Farrar, Straus and Giroux
Review Posted Online: Sept. 3, 2011
Kirkus Reviews Issue: Sept. 15, 2011
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These are not hard and fast rules, but Meyer delivers important reading for those engaged in international business.
A helpful guide to working effectively with people from other cultures.
“The sad truth is that the vast majority of managers who conduct business internationally have little understanding about how culture is impacting their work,” writes Meyer, a professor at INSEAD, an international business school. Yet they face a wider array of work styles than ever before in dealing with clients, suppliers and colleagues from around the world. When is it best to speak or stay quiet? What is the role of the leader in the room? When working with foreign business people, failing to take cultural differences into account can lead to frustration, misunderstanding or worse. Based on research and her experiences teaching cross-cultural behaviors to executive students, the author examines a handful of key areas. Among others, they include communicating (Anglo-Saxons are explicit; Asians communicate implicitly, requiring listeners to read between the lines), developing a sense of trust (Brazilians do it over long lunches), and decision-making (Germans rely on consensus, Americans on one decider). In each area, the author provides a “culture map scale” that positions behaviors in more than 20 countries along a continuum, allowing readers to anticipate the preferences of individuals from a particular country: Do they like direct or indirect negative feedback? Are they rigid or flexible regarding deadlines? Do they favor verbal or written commitments? And so on. Meyer discusses managers who have faced perplexing situations, such as knowledgeable team members who fail to speak up in meetings or Indians who offer a puzzling half-shake, half-nod of the head. Cultural differences—not personality quirks—are the motivating factors behind many behavioral styles. Depending on our cultures, we understand the world in a particular way, find certain arguments persuasive or lacking merit, and consider some ways of making decisions or measuring time natural and others quite strange.
These are not hard and fast rules, but Meyer delivers important reading for those engaged in international business.Pub Date: May 27, 2014
ISBN: 978-1-61039-250-1
Page Count: 288
Publisher: PublicAffairs
Review Posted Online: April 15, 2014
Kirkus Reviews Issue: May 1, 2014
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