Book Review: The Wall Street MBA by Reuben Advani

I bought the first edition of The Wall Street MBA by Reuben Advani and this review is predominantly based on it. In the second edition few more chapters are added on Real Estate, Currency and Commodities. But I don't think there is any significant changes in the already existing content.

Overall a good read! a nice refresher for those in the field and a good introductory discussion for those new to the field. But don't get fooled by the title; it is NOT a crash course on corporate finance (well, I can see the author has changed that sub title in the latest edition). I felt this book to be more a refresher for financial accounting as half the book is written about FINAC. I must admit the first half is a thorough piece! When it came to the actuals of CORP FIN; its more a mere introduction on layman's vocabulary that we can get easily from the internet.

The coverage given on topics like Ratio Analysis, Cost of Capital and Financial Statements is exhaustive. I expected more on bonds, derivatives and some stuff on i-banking as the title suggests :P

Overall a good introductory and refresher type book!!

Book Review - Who Moved My Cheese by Spencer Johnson

I think its very hard to read classics let alone write reviews about them. First of all if you have not read a book that is there for decades - you missed big time (unless you are from the young breed reading books one by one :P). Secondly, you would have heard from friends, lectures and other books to the extend that you may think the book content is repetitive!

Having said that and taken a bail :) my honest opinion after reading the book was that it had no 'aha-aha' moment. All it says is that change is inevitable and learn to move on!

The beauty of the book I believe is how Dr. Spenser has put forth his thoughts. The book could be read in half an hour; however the content resonates once you start to reflect yourself. The book essentially talks about the fact that we should not get lazy and fall into a comfort zone once we find some success. As per the book success is not everlasting; we have to change according to the circumstances; there is no point in thinking an 'auto-switch' for recovery will be enacted!

A quick read especially when your are emotionally down that will help you to rejuvenate and move on. I really liked the simplicity with which he has written the book!. A good summary is available in wikipedia with the key take-aways.

When I read the book, some of the thoughts I read in S.U.M.O (Shut Up, Move On)by Paul McGee resonated well :)