Everyone should read this book. Certainly it is a great gift for any college students who've not yet entered the workforce -- or those who have. The only concern I have about handing this book to someone is, will they read it.
You might recognize the old joke: how many psychiatrists does it take to change a light bulb?
Only one, but she has to want to change.
And so it is with this compilation of wisdom and systems of thinking. Advice on how to evaluate information, think critically, avoid having business decisions overly swayed by emotional or wishful thinking, and build check lists to help avoid mishap. It is not a difficult read! But you have to want to read it.
My take on it is that almost all of it is common sense. But then again, that would be the point.
Mr. Bevelin quotes from a number of authorities, and much to my delight, heavily from Charlie Munger and to a lesser extent Warren Buffet, both of Berkshire Hathaway fame. (Speaking of Mr. Munger, his book, "Poor Charlie's Almanack" is awesome.)
It is a fast read. Be sure to get the 3rd edition (2007).
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