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The Management Myth: Why the Experts Keep Getting it Wrong

Being an ex-management consultant, I couldn't but help be interested in this book. Read the publisher's note: Stewart (The Courtier and the Heretic) reflects on his unconventional path to becoming a successful management consultant—despite a complete lack of business knowledge or experience, let alone an MBA. He offers an insider's perspective on the industry, revealing the astonishingly high routine consultant fees and the absurdity of leading firms depending on consultants fresh out of school to tell them how to run their business. Following in the footsteps of shamans, consultants envelop their work with an aura of sacred mystery and outrageously unjustified levels of self-confidence to add to their perceived expertise. Gleefully revealing the magician's tricks, Stewart takes readers on a whirlwind tour of how this industry came to be a powerhouse. Filled with fascinating insider anecdotes and featuring a who's who in the consulting world, including Peter Drucker, Michael Porter and Bruce Henderson, this wry, absorbing book will enlighten executives about the value consultants actually bring to their clients.

Do you have a top-ten list of books read in 2009? Do Share!

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The 10 Commandments Of Investing

A good one from Investopedia. I like 4,5 & 7.

  1. Thou shalt set clear goals.
  2. Thou shalt put thy financial house in order.
  3. Thou shalt question authority.
  4. Thou shalt not follow sheep.
  5. Thou shalt be humble.
  6. Thou shalt be patient.
  7. Thou shalt show moderation.
  8. Thou shalt not ogle thy investment.
  9. Thou shalt not court or spurn risk.
  10. Thou shalt not make heros of mere men.

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Global Private Equity Syndrome


 
 

When I used to work for a consultancy firm, I came out with the TOP 10 identifiers for consultants. Today, as an investment banker (private equity professional to put it more precisely) - we have another TOP 10 identifiers:

  1. Prematurely grey hair
  2. Inability to remember city or country in which one is awakening
  3. Persistent daze / jet lag / hoarse throat
  4. Equating sleep on an airplane with real sleep
  5. Inabilities to remember (or be present at) birthdays, anniversaries, or school conferences
  6. Contact with new friends concerned about holding charitable dinners in your honour or naming school buildings for you
  7. Frequent musings about the fairness of pre-nuptial agreements
  8. Doubling of golf handicap every 6 months
  9. Ability to schedule annual physical only every five years
  10. Frequent spousal / child discussions about the value of sound estate planning

As always
Jose Paul Martin

PS> I reposted this one, because DealBreaker.com loved it so much… however, I believe credit goes to Abraaj Capital’s CEO.

 

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