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Non-fiction Books Every 20-something Should Read

From Shane Parrish on Quora with an answer to “What are some great non-fiction books a 20-year old should add to his library?

Here’s 10.

1. Influence: The Psychology of Persuasion
Psychologist  Robert Cialdini introduces the universal principles of influence:  Reciprocation, scarcity, authority, commitment, liking, and consensus.  Sure you can watch the short video,  but it’s not the same. Buy the book. Why do you need to learn these? To  paraphrase Publius Syrus, “He can best avoid a snare who knows how to  set one.” After you read this book, move on to Poor Charlie’s Almanack.

2. Seeking Wisdom: From Darwin to Munger
The  last time I mentioned this book, Farnam Street readers flooded my  inbox. I’ll try to address the two primary concerns that appeared.  First, if you can’t find it new, just purchase a used copy. Who cares?  Second: Yes, it’s an “expensive” book. Ignorance is more expensive. Just  buy it.

3. Letters from a Stoic
I  came to Seneca a few years after I turned 30. It’s clear from reading  Seneca that he’s full of wisdom. His letters deal with everything we  deal with today: Success, failure, wealth, poverty, and grief. His  philosophy is practical. Not only will reading this book help equip you  for what comes in life, but it’ll also help you communicate with others.

4. The Moral Sayings of Publius Syrus
A  Syrian slave, Syrus is a full of timeless wisdom. Want an example?  “From the errors of others, a wise man corrects his own.” Here is  another: “It is not every question that deserves an answer.” Ok, one  more? “To do two things at once is to do neither.” And he didn’t even  know of Facebook and Twitter. You can read this book in under an hour  but spend the rest of your life trying to learn and apply his wisdom.

5. The Essays of Warren Buffett: Lessons for Corporate America, Third Edition
I’d much rather recommend Berkshire Hathaway Letters to Shareholders (alsofreely available), however, I recognize that most people would be intimidated by its size. In the Essays,  Lawrence Cunningham thematically organizes Buffett’s own words. There  is more than enough here to get a clear picture of the principles and  logic of Buffett and Munger’s philosophy for business, life, and  investing.

6. Cyrus the Great — The Arts of Leadership and War
Amazing. Cyrus was pretty awesome. His insights about leadership have “inspired great men from Julius Caesar to Benjamin Franklin to Lawrence of Arabia.” Peter Drucker called this book — Xenophon’s biography of Cryus — “the best book on leadership.” You’ll learn about Cyrus’ various campaigns as he conquers Babylon. While the story is old, the leadership lessons are as relevant today as they were then. Among other things “Xenophon shows you how to conduct meetings, become an expert negotiator, deal efficiently with allies, communicate by appealing to the self-interest of your followers, encourage the highest standards of performance, ensure your organization has the benefit of specialists, and prove that your words will be backed by your deeds.”

7. Letters From a Self-Made Merchant to his Son
This book has been on my shelf for over a year. I have no idea why. While the letters are over a hundred years old, they are full of timeless wisdom and practical no-nonsense advice to parents and wisdom seekers alike. Something I’m sure to re-read over the years.

8. The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers
This is the best business book I’ve read in a long time. Perhaps one of the best ever. Ben Horowitz has been to hell and back and he’s got the scars to prove it. He’s built billion dollar companies, mentored CEOs, been within weeks of bankruptcy, worked with some of the smartest people in the world, and started a tech company in the middle of the dot com crash. Through it all he’s found there are no easy answers. After reading it, I immediately bought several copies and shipped them to friends of mine.

9. The Drunkard’s Walk: How Randomness Rules Our Lives
A great book for me to read so soon after finishing Fooled By Randomness as they both approach the same subject from vastly different angles. Mlodinow’s book is a gentler, though not necessarily better, introduction than Taleb’s. After walking through some elementary lessons in statistics that even professionals get wrong, the book explores how our lives are more informed by chance and randomness than we think. Along the way he offers some tools to help us make better decisions.

10. Zen in the Art of Archery
The author, Eugen Herrigel, spent time in Japan after World War II and wanted to better understand Zen Buddhism. This is impossible to understand through books and requires an activity. He picked archery and found a Zen master who reluctantly accepted him as a student.  Herrigel, being a Westerner, sought rapid progress and linear improvement through technical mastery. This wasn’t enough and became self-defeating. To truly master an art it has to become an “artless art” where it grows out of unconsciousness. Thus archery became a path to greater understanding.

Of course, I’d also add The Prince and the Origin of Species; Two books people talk about all the time, yet few have read.

If you like reading you can see with What I’m Reading.

How To Use A Decision Journal

September 2, 2013 Leave a comment

A recent interview with author and Wall Street veteran Michael Mauboussin on the Farnam Street Blog addressed the topic of maintaining a decision journal as a way to evaluate and improve decision making. I’ve recently started journaling, but I’m still figuring out how to make it a productive exercise.

Steve Pavlina offers a very good breakdown in this post.

And here is Michael Mauboussin’s advice on Farnam Street:

“A decision journal is actually very simple to do in principle, but requires some discipline to maintain. The idea is whenever you are making a consequential decision, write down what you decided, why you decided as you did, what you expect to happen, and if you’re so inclined, how you feel mentally and physically. This need not take much time.

The value is that you document your thinking in real time and thus immunize yourself against hindsight bias—the pernicious tendency to think that you knew what was going to happen with more clarity than you actually did. The journal also allows you to audit your decision making process, looking for cases where you may have been right for the wrong reasons or wrong for the right reasons.”

For a great digital journal, I use and recommend the Day One iPhone app.

FULL INTERVIEW: Michael Mauboussin, Interview No. 4 – Farnam Street Blog

What Is The Internet Doing To Our Brains?

Are you one of the many people struggling with information overload in our attention economy?

If so, what effect is the Internet, with all of its interruptions and distractions, having on the way your brain processes information?

Here’s a great video summary of Nicholas Carr’s 2011 Pulitzer Prize nominated book, “The Shallows: What the Internet is Doing to Our Brains” that I discovered on the excellent Farnam Street Blog.

 

 

Along the same vein, I highly recommend Dolf Robelli’s white paper, “Avoid News” and Tim Ferriss’ Change This Manifesto,”The Low-Information Diet: How to Eliminate Email Overload and Triple Productivity in 24 Hours

 

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