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Business Adventures

Business Adventures

By John Brooks

Twelve Classic Tales from the World of Wall Street. Open Road Media, 2014.

0.0 / 0

18 mins read

16 Key insights

A brief summary of Business Adventures

A compilation of twelve stories—originally published in The New Yorker—which stand the test of time and broaden our understanding of what it means to excel in business, with teachable moments based on historic triumphs, financial failures, and erratic human behavior.

Key insights in Business Adventures

1
What do you get from this book? Explore twelve of the most influential business moments from the last century
2
Trading on wall street has always had its ups and downs—but one three-day period stands out above the rest
3
Ford’s EDSEL remains a classic example of an anti-climatic product launch, which cost the company $350 million
4
Xerox dominated the photocopier business for years, while also practicing sincere corporate philanthropy
5
Cornering a stock in order to manipulate its value—while not illegal—is a practice that continues to infuriate ceos
6
Purposeful miscommunication and debates about right and wrong are no excuse for taking part in price-fixing
7
Annual shareholder meetings then—as now—indicate that the power is not really with the people
8
Investigating claims of insider trading depends on who knew what when, which is difficult to prove
9
Bailing out corporations considered too big to fail is nothing new—especially when investors stand to lose it all
10
Jumping from public office to a career in the private sector can be financially and personally rewarding
11
Since its creation in 1913, the U.S. Income tax system has grown more complex, less understood, and increasingly mismanaged
12
Companies can’t prevent employees from accepting job offers from competitors just because they have specialized skills or knowledge
13
Central bankers refused to devalue the British pound in 1964—but were forced to just three years later
14
Summary of the key insights
15
Selected critiques in brief
16
Final word

Who should read Business Adventures

Financial managers • entrepreneurs • MBA students • stockbrokers and investors • C-Suite level executives and business leaders • anyone interested in the history of Wall Street

About the author of Business Adventures

John Brooks (1920 – 1993) was a best-selling author of business and finance books including Once in Golconda and The Go-Go Years, offering unique insights and perspectives into the world of trading, stock markets, and the rise and fall of major corporations. In the decades since, his work has been hailed as a must-read by Warren Buffett and Bill Gates.

author avatar

John Brooks

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