DECEMBER 2014 END BOOK ISSUE - Honeybee Capital · 2017-05-25 · ©Honeybee Capital 2014 DECEMBER...

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© Honeybee Capital 2014 DECEMBER 2014 YEAR-END BOOK ISSUE We are delighted to present the Honeybee book list for 2014! Most year-end book lists only focus on books published in the prior twelve months, a woeful limitation. Here is our year-end list of favorite books, some old, and some new. A very extroverted friend once said to me, “I think when you find a new book, you must feel like I do when I meet a new person.” Yes, that is it exactly! I do deeply cherish my human-shaped friends, of course, but in this issue I’d like to introduce you to my rectangular-shaped companions. Happy reading! “Beware of the person of one book.” - Thomas Aquinas “A room without books is like a body without a soul.” - Cicero BUSINESS & INVESTING: RISK, UNCERTAINTY, AND PROFIT , by Frank Kn ight Knight’s book can be hard to find, but his is some of the best original work distinguishing risk from uncertainty the “known unknowns” versus the “unknown unknowns.” If you are interested in resilience, systems thinking, or some of the fatal flaws in many approaches to finance, this is important stuff , well worth seeking out . THE SUCCESS EQUATION , by Michael Mauboussin Are you convinced your kids are smarter than their SAT scores indicate? Are you frustrated that your obvious genius at work seems underappreciated? Do you have great 3 -year investment returns but still wonder if you’ve “got it”? Then you must, must read this book. If I were still managing a big investment team, I would hand out a copy of this book with each and every bonus review. For some folks, I’d read passages aloud.

Transcript of DECEMBER 2014 END BOOK ISSUE - Honeybee Capital · 2017-05-25 · ©Honeybee Capital 2014 DECEMBER...

Page 1: DECEMBER 2014 END BOOK ISSUE - Honeybee Capital · 2017-05-25 · ©Honeybee Capital 2014 DECEMBER 2014 YEAR-END BOOK ISSUE We are delighted to present the Honeybee book list for

©  Honeybee Capital 2014

DECEMBER 2014

YEAR-END BOOK ISSUE

We are delighted to present the Honeybee book list for 2014!

Most year-end book lists only focus on books published in the prior twelve months, a woeful limitation. Here is our year-end list of favorite books, some old, and some new.

A very extroverted friend once said to me, “I think when you find a new book, you must feel like I do when I meet a new person.” Yes, that is it exactly! I do deeply cherish my human-shaped friends, of course, but in this issue I’d like to introduce you to my rectangular-shaped companions.

Happy reading!

“Beware of the person of one book.” - Thomas Aquinas

“A room without books is like a body without a soul.” - Cicero

BUSINESS & INVESTING:

RISK, UNCERTAINTY, AND PROFIT, by Frank Kn ight Knight ’ s book can be hard to f ind, but his i s some of the bes t or ig inal work d is t inguish ing r i sk f rom uncer ta in ty – the “known unknowns” versus the “unknown unknowns.” I f you are interes ted in res i l ience, sys tems th inking, or some of the fa ta l f laws in many approaches to f inance, this i s important s tuf f , wel l worth seeking out .

THE SUCCESS EQUATION, by Michael Maubouss in Are you convinced your k ids are smar ter than thei r SAT scores indicate? Are you f rus t ra ted tha t your obvious genius a t work seems underapprecia ted? Do you have great 3 -year inves tment re turns but s t i l l wonder i f you’ve “got i t ” ? Then you must , mus t read th i s book. I f I were s t i l l managing a big inves tment team, I would hand out a copy of th is book with each and every bonus rev iew. For some folks , I ’d read passages aloud.

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SELF -MANAGEMENT TRIO:

MANAGING ONESELF, by Peter Drucker Somet imes the most power ful messages come in smal l packages . This pamphlet i s more of an ar t ic le than a book, fu l l o f Class ic Common Sense, which, as we a l l know, i s h ighly under -ra ted. I re -read this book every year – i t ’ s never surpr i s ing, and that i s precisely why i t i s always helpful .

TRUE NORTH, by Bi l l George In this book, Bi l l George provides a roadmap for personal leadership that i s worth more than al l o f the checkl is ts and four -quadrant char t s you’ve ever seen. He s ta r t s wi th a decept ive ly s imple ques t ion, “What i s your own t rue nor th?” When that i s wel l -def ined, lo ts o f o ther so -cal led problems turn out to not be problems a t a l l . This work, a long wi th Manag ing Onese l f ( see above) and Servant Leadersh ip ( see below), i s among the bes t personal management books of a l l t ime.

SERVANT LEADERSHIP, by Robert Greenleaf Row upon row of a i rpor t -books tore management books cannot hold a candle to th is , in my opinion. Greenleaf ’ s book i s now about 30 years o ld, but in i t you see a depth and rootedness that most wr i t ing in th is genre lacks. I t i s not “10 Easy Steps to Being Awesome” but ra ther a thought ful re f lect ion on the very essence of leadership. Are you a leader or are you a boss? This decept ively s imple ques t ion i s a v i ta l d is t inct ion that i s o f ten skipped over in our search for e f f ic iency and “profess ional management” .

NONFICTION:

ALL IN THE DAY’S WORK, by Ida Tarbell

THE BULLY PULPIT, by Doris Kearns Goodwin As noted in our las t research issue, I cannot bel ieve that a l l I knew about Taf t i s what I learned in e lementary school his tory : “Wil l iam Howard Taf t was America’s fa t tes t president .” Wrong in so many ways. As I read The Bul ly Pulpi t , I could not wai t to learn more about Ida Tarbel l , whose autobiography is out o f pr in t but s t i l l easy to f ind. Tarbel l , l ike Taf t , i s too eas i ly reduced to his tory -quiz labels : “ famous woman muckraker” . Sheesh. Hers was a l i fe o f endless cur ios i ty , though she admits to los ing th is cur iousi ty in the 1920’s and 30’s , only to recover i t la te in l i fe , in par t through the work of her autobiography . She re turned to her own essence to wri te th is book, cur ious about the arc her own l i fe . Oh, yes , Roosevel t i s in these too. Teddy, not Frankl in .

THE ART OF STILLNESS, by Pico Iyer This t iny l i t t le book is a real t reat . No, there is no “how to” sect ion. No, there is not a grand narra t ive arc . That i s the point . I t i s so hard for many of us to s i t s t i l l , but reading th is book, you come to the end and real ize that for a couple o f hours you have been…. s t i l l . I f end -of -year nut t iness i s ge t t ing to you, make a b i t o f t ime for th is book. And i f you’re not nut ty yet , read i t anyway, as prevent ive medicine.

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©  Honeybee Capital 2014

SMALL VICTORIES, by Anne Lamott You know how somet imes you meet the exact r ight person a t the exact r ight t ime, and they put words to a l l o f the overwhelming wordless s tu f f o f l i fe? Acknowledging the enormity o f gr ie f and fear , whi le a lso seeing through i t , even i f the breakthrough is a t iny l i t t le sunbeam on the darkes t and cloudies t o f days . This i s Anne Lamott , f inding grace in everyday l i fe . The book i t se l f i s a lso graceful , a smal l b lue jewel wi th lovely b lue -and -gold type… and i t ’ s here jus t in t ime for the hol idays , which, i t turns out , are not the most wonder fu l t ime of the year for everyone.

THIS IS WATER, by David Foster Wal lace Wallace i s a b i t S te inbeck -ian in his conclusion, that the capaci ty for independent thought i s a t the hear t of a l l worthwh i le human endeavor . This t iny t reasure of a book i s a t ranscr ip t o f the Commencement address Wal lace gave a t Kenyon Col lege before h is unt imely death. (The fu l l tex t i s a l so widely avai lable on the in ternet ) .

QUIET, by Susan Cain Cain’s work conta ins v i ta l ins ights , such as the d is t inc t ion between shyness (when social in teract ion can be painful ) and int rovers ion (when a person thr ives wi th less socia l s t imulat ion versus more) . I love that she makes the case for contr ibut ion and leadership that i s not so centered on being loud and gregar ious . Moreover , her nuanced discuss ion makes c lear that “ int rover t” i s not an somehow a lesser or misanthropic way to be. I f you not an in t rover t yourse l f , I be t you love one. E i ther way, this book is required reading.

LETTERS OF NOTE, edi ted by Shaun Usher The mesmeriz ing blog has f inal ly publ ished the US vers ion of i t s wel l -curated archives . I love that you can see the or ig inal images o f these le t ters a long with the t ranscr ip t ions and context notes – poor handwri t ing, quirky i l lus t ra t ions, te legram typefaces and a l l . Did you know that apparent ly the Queen of England is not required to have excel lent penmanship? In addi t ion to the fasc inat ing content , th is compila t ion can’ t help but make you conscious of the layers o f nuance and meaning that are los t in our e -forms of communicat ion (which l inks in several ways to the s tory in the movie Her , but that ’s for another t ime…).

UNBROKEN, by Laura Hi l lenbrand When I f i r s t read th is book, I sped through i t : to say the s tory is r ive t ing i s an unders ta tement . What I apprecia te even more now is the way that i t i l lus t ra tes both endurance and res i l ience – concepts that are somet imes re la ted, but not a t a l l synonyms. I t i s hard to say much about th is book without veer ing in to pla t i tudes – jus t read i t , and hurry up, before the movie comes out . (With thanks to Honeybee Kel ly C. for the long -ago recommendat ion! ) .

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©  Honeybee Capital 2014

SCIENCE & NATURE:

THE BEST AMERICAN SCIENCE AND NATURE WRITING, ed. Deborah Blum I ’m a sucker for an anthology, par t ly because of a lurk ing general ized FOMO (Fear o f Miss ing Out) . Yes , the Economis ts and New Yorkers keep coming, far fas ter than I can keep up with them. Yes , the new books beckon, even as great heaps of c lass ics awai t . So I ’m glad that th is “bes t of” ser ies now includes a volume for sc ience and nature wri t ing – you can s top a t the shor t p ieces , or use them as launching points to deeper explora t ions. E i ther way, i t ca lms the FOMO Monster .

NATURAL HISTORIES: OPULENT OCEANS, by Melanie St iassny I was del ighted to discover this boxed publ icat ion at my local booksel ler , where I could appreciate i t s real -l i fe beauty in a decidedly non -vi r tual way. As you might expect , coming f rom the American Museum of Natural His tory, the book is a ter r i f ic mix of science and his tory. Did you know, for example, that a huge swath of Je l ly f i sh research was conducted in the ear ly 1800’s , a f ter French naval vessels were f reed up f rom the pesky business o f war and turned thei r at tent ion to sc ient i f ic explora t ion? Accompanying the text i s a fantas t ic ser ies of i l lus t ra t ion pla tes – old -school and awesome. Turns out th is i s par t o f a wonder fu l ser ies f rom the American Museum of Natura l His tory , wh ich also includes publ icat ions on birds …. and natura l h is tor ies here and here . Seek out the hardcover /boxed vers ions i f you can, s ince the separate i l lus t ra t ion plates are real ly great .

LIFE EVERLASTING : The Animal Way of Death, by Bernd Heinr ich This pas t year , I ’ve been working my way through the fu l l se t o f Heinr ich’s wri t ings , which combine meta -level quest ions and micro -level observat ions in a wonder fu l way. For example, the explora t ions in th is book were prompted by a f r iend who reques ted a “green bur ia l” on Heinr ich’s proper ty , insp i r ing impor tant ques t ions about why and how humans handle death so di f fe rent ly f rom the res t o f nature . This quickly led Heinr ich to days and days of observat ion of scavenger beet les , ravens, and other under takers o f the natura l wor ld. Heinr ich’s creatures have some useful ins ights regarding the inves tment ques t ion of how to cons ider graceful , e f fec t ive decl ine ins tead of endless , don’ t -ask -why growth.

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FICTION & POETRY:

THE SIGNATURE OF ALL THINGS, by El izabeth Gi lbert

EUPHORIA, by L i ly King I f there is an explorer in your l i fe , these two novels wi l l be of in teres t . The S ignature of Al l Things spans a great a rc f rom Capta in Cook to Char les Darwin, and shows how i t can be the s lower, care ful pathways that ul t imately lead to the most dramat ic breakthroughs – in sc ience and in l i fe . Euphoria i s imagined f rom the l i fe o f Margare t Mead, which might make i t sound a lo t less exci t ing than i t i s . I devoured th is book with in a smal l segment o f a long t ranspaci f ic f l ight , jus t a few hours . These books are both fasc inat ing reads, especia l ly i f you’ve ever dreamt of being an adventurous academic (not an oxymoron, I prom i se ) .

GLITTER & GLUE, by Kel ly Corr igan I heard Kel ly Corr igan speak at The Nantucket Project th is fa l l ; the ta lk was so compel l ing that before night fe l l was al ready knee -deep in he r book. The t i t le i s taken f rom a f requent quote of Corr igan’s mother : “your fa ther ’s the g l i t te r , but I ’m the g lue.” I f you are f inding more and more apprecia t ion for the g lue in your own l i fe as t ime goes by, you wil l love th is book. (A memoir , but I put i t in our f ic t ion sect ion, as i t reads l ike a s tory and not a b iography. )

RILKE’S BOOK OF HOURS, t rans lated by Joanna Macy Ri lke, snooze! Oh ye of many wedding ceremonies . Been there , done that . Not t rue! This par t icular t ransla t ion by Joanna Macy is worth seeking out – phrases that are impress ive in o ther t rans la t ions become compel l ing; images that are in teres t ing become luminous. A wonder ful book for wai t ing -out -the -bl izzard reading.

BLUE HORSES, by Mary Ol iver Yes i t ’ s t rue, I love Mary Oliver , and th is la tes t volume is no except ion. In these poems you’ l l f ind s l ight ly fewer dogs and birds and s l ight ly more over t emotion… beaut i fu l composi t ions. Trus t me, you wil l not miss the dog, unless you are a real ly pass ionate dog person. Okay, even as I type tha t I can hear you shout ing , so never fear . I f you are a zealous dog person, she has a whole book jus t for you: DOG SONGS

MORE PICTURES THAN WORDS:

THE RIVER , by Alessandro Sanna I was f i r s t a ler ted to th is book v ia the ter r i f ic Brainpickings s i te , and i t i s a gorgeous publ icat ion, a lmost 100% watercolor i l lus t ra t ions. There is a s tory here , and beauty – best o f a l l , you can make up great chunks of your own nar ra t ive , wi th as much nuance and depth as you l ike… which maybe means i t should be in the f ic t ion sect ion. Great to read with a smal l chi ld (or a large one) , whi le you make up s tor ies together .

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BEFORE & AFTER, by Matthais Aregui This looks l ike a chi ldren’s book a t f i r s t g lance, but look a l i t t le c loser and you f ind that i t ’ s funny, and touching. Acorn, t ree. Bees , honey. Chicken, Egg. Egg, chicken. Hmm. Lovely i l lus t ra t ions, and surpr is ingly thought -provoking.

INFORMATION IS BEAUTIFUL, by David McCandless McCandless has a sor t o f Tuf te -esque v iew of data and i t s presenta t ion, which i s about the grea tes t compl iment I could g ive . There have been a lo t of in fo -graphic books in recent years , and th is remains one of my favor i tes .

AND THE PURSUIT OF HAPPINESS, by Maira Kalman Maira Ka lman b lends i l lus t ra t ion and s tory te l l ing in an especial ly poignant and ef fect ive way. Though the l i s t o f her publ icat ions i s long, th is book f rom a few years ago remains my favor i te . I t ’ s the col lect ion of her ser ies for the NY Times, where she wrote each month about something American - the Supreme Court , Mont icel lo, Abraham Lincoln… her repor ts are interes t ing, educat ional , and surpr is ingly touching. Patr iot ic wi thout being patronizing – and a ter r i f ic g i f t book too.

PERIODICALS:

Don’t like books? Even the shortest, most entertaining ones? Never fear, here are some short-form publications that are just as list-worthy. All have tremendous intellectual and aesthetic appeal, and all are terrific multi-disciplinary endeavors. Nautilus is science-centric, Orion is morality-centirc, and Lapham’s is history-centric, but there are many wonderful cris-crossings in between.

NAUTILUS The tagl ine for Naut i lus i s , “sc ience connected”. Each issue delved in to a big topic f rom mul t ip le d isc ip l ines and perspect ives . Obvious ly , I love i t . This smal l excerpt f rom the Nothingness i ssue gives you a great sense of what to expect : Ar is to t le f i l led the void with an invis ib le ether , Torr ice l l i k i l led i t , and Higgs has gone some way to br ing ing i t back. The wi l l to noth ingness i s the path away f rom meaning for Nietzsche, but the path toward meaning for the Buddhis t . Some formal is t approaches to mathemat ics def ine zero as a foundat ional symbol , whi le Gödel used zero to undermine formal i sm i t se l f . I f these sentences make you say “ooh!” out loud – even i f i t ’ s ‘cause you’re not qui te sure who Torr icel l i i s – then this i s the publ icat ion for you.

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ORION This publ icat ion has evolved qui te a b i t over i t s th i r ty -plus years , but the founding s ta tement o f Orion’s values s t i l l s tands: I t i s Or ion’s fundamenta l convic t ion that humans are mora l ly respons ib le for the wor ld in which we l ive , and that the indiv idual comes to sense th is respons ib i l i ty as he or she develops a personal bond with nature . So, yeah, I love th is one too. I t ’ s a l i t t le more moral ly asser t ive than some publ icat ions, but I ’m coming to apprecia te bold asser t ions more than wimpy equivocat ions, even i f – especia l ly i f - I occas ional ly d isagree.

LAPHAM’S QUARTERLY I f you pop onto Lapham’s websi te you are greeted with th is quote f rom Cicero: Not to know what happened before one was born i s a lways to be a ch i ld . There is something t remendously re f reshing when the l i s t o f contr ibutors reads l ike th is : Alber t E ins te in , Chr is topher Marlowe, Emily Dickinson, S t . August ine, H.G. Wells , Marcel Proust . Talk about an in teres t ing dinner par ty! I ment ioned to my dad that I was researching t ime and cycles and he handed me the Fal l 2014 issue – one more reason that I ’m forever in his debt .

OTHERS’ LISTS

Isn’t it tremendous that the geeky readers’ club seems to keep growing and growing?

Here are a few other resources for terrific book commentary and recommendations:

BRAINPICKINGS: We’ve of ten re ferenced the content o f Bra inpickings (and thanks to Honeybee S tephanie S . for the in i t ia l in t roduct ion to th is s i te! ) . There are lo ts o f books included throughout the s i te , including many that are not f rom th is century , or even the las t century . This a lone makes Brainpickings a wor thwhi le p lace to spend some t ime. You can peruse the v i r tual bookshel f…

…or search Mar ia ’ s mul t ip le “bes t o f” l i s t s , which include helpfulcommentary wi th l inks to wonder ful re la ted content .

FARNAM STREET: I l ike that Farnam Street fea tures d i rect recommendat ions as wel l as suggest ions f rom other readers , such as Char l ie Munger , B i l l Gates , Peter Thiel , and Bi l l Cl in ton. L ike Brainpickings , there is tons o f book -y content on th is s i te , so you might want to use the search bar to narrow th ings down a bi t . Parr ish wants to be a good reader , l ive a meaningful l i fe , and f in ish each day smarter than he s tar ted i t… the c lar i ty o f these in tent ions shines through.

LIST OF LISTS: I f you’re real ly eager for ideas , here i s a n icely curated l i s t o f l i s t s f rom BookRiot .

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A NOTE ON BOOKSELLERS:

Aler t readers may have not iced that many of our l inks connect you with a Very Large Onl ine Reta i le r , and indeed, we apprec ia te that th is re ta i le r prov ides ter r i f ic customer serv ice and helpfu l product deta i l . We are a lso loya l patrons of loca l bookse l lers , o f course (most especia l ly Brookl ine Booksmith)! In fact , one of my favor i te ways to get to know a new area i s to seek out i t s bookstore and i t s cof feeshop (somet imes one and the same). The IndieBound organizat ion can help you seek out these loca l bookse l lers wherever you may be – and i f you are an e - lov ing person, they have handy onl ine funct ions too.

http://Brooklinebooksmith.com http://www.indiebound.org

FINAL WORD:

Lest you think we are a little too crazy about books and book lists…

“If you only read the books that everyone else is reading, you can only think what everyone else is thinking.”

- Haruki Marukami

“Keep reading books, but remember that a book is only a book, and you should learn to think for yourself.”

- Maxim Gorky

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LIST OF LINKS:

For quick and easy reference…

BUSINESS & INVESTING:

RISK, UNCERTAINTY, AND PROFIT, by Frank Knight ht tp : / /amzn. to /1yBD4ZB

THE SUCCESS EQUATION, by Michael Maubouss in ht tp : / /amzn. to /1yBDsY4

MANAGING ONESELF, by Peter Drucker ht tp : / /amzn. to /1zac9Cy

TRUE NORTH, by Bi l l George ht tp : / /amzn. to /1wcd5Zb

SERVANT LEADERSHIP, by Rober t Greenleaf ht tp : / /amzn. to /1wcdieZ

NONFICTION:

ALL IN THE DAY’S WORK, by Ida Tarbell ht tp : / /amzn. to /11J4GPC

THE BULLY PULPIT, by Doris Kearns Goodwin ht tp : / /amzn. to /1FHAHVo

THE ART OF STILLNESS, by Pico Iyer ht tp : / /amzn. to /11KBYhk

SMALL VICTORIES, by Anne Lamott ht tp : / /amzn. to /1rNHw1n

THIS IS WATER, by David Foster Wallace ht tp : / /amzn. to /1y48Cna

QUIET, by Susan Cain ht tp : / /amzn. to /1FJ2Pcx

LETTERS OF NOTE, ed i ted by Shaun Usher ht tp : / /amzn. to /1rNa7J I

UNBROKEN, by Laura Hi l lenbrand ht tp : / /amzn. to /1vbNPB9

SCIENCE & NATURE:

THE BEST AMERICAN SCIENCE AND NATURE WRITING, ed. Deborah Blum ht tp : / /amzn. to /1yBD4ZB

NATURAL HISTORIES: OPULENT OCEANS, by Melanie S t iassny ht tp : / /amzn. to /1B5zLMP

L IFE EVERLASTING : The Animal Way of Death, by Bernd Heinr ich ht tp : / /amzn. to /1A7zmWK

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    ©  Honeybee Capital 2014

FICTION & POETRY:

THE SIGNATURE OF ALL THINGS , by E l izabeth Gi lber t ht tp : / /amzn. to /1y47LTu EUPHORIA, by L i ly King ht tp : / /amzn. to /1zI jF7u GLITTER & GLUE, by Kel ly Corr igan ht tp : / /amzn. to /1vJymqH RILKE’S BOOK OF HOURS, t rans la ted by Joanna Macy ht tp : / /amzn. to /1yBGbRg BLUE HORSES, by Mary Oliver ht tp : / /amzn. to /1HRKMmA

MORE PICTURES THAN WORDS:

THE RIVER , by Alessandro Sanna ht tp : / /amzn. to /1A7ACsT BEFORE & AFTER, by Mat thais Aregui ht tp : / /amzn. to /1yuPnWq INFORMATION IS BEAUTIFUL, by David McCandless ht tp : / /amzn. to /1v4kHq8 AND THE PURSUIT OF HAPPINESS, by Maira Kalman ht tp : / /amzn. to /11J6mc2

PERIODICALS:

NAUTILUS ht tp : / /naut i l .us ORION ht tp : / /www.or ionmagazine.org LAPHAM’S QUARTERLY ht tp : / /www.laphamsquar ter ly .org

OTHERS’ LISTS

BRAINPICKINGS ht tp : / /bra inpickings .org FARNAM STREET ht tp : / /www.farnamstreetblog.com BOOK RIOT ht tp : / /bookr io t .com/2013/07/10/ the -10 -best - top -100 -book -l i s t s /