Booky book book!

Books

I don’t always read books, but when I do I immediately forget everything that was written in them.

I wish it weren’t true, however, and so I’m trying to get myself out of lazy habits and actually pay attention through active reading, review, reiteration, notes and summaries. Below are some of the books I’ve read (and mostly enjoyed) most recently.

Introduction The Lean Startup is a new approach to business that’s being adopted around the world. It is a movement that is transforming the way companies are built and new products are launched. 5 Principles The 5 principles: Entrepreneurs are everywhere Entrepreneurship is not management Validate your learning Build-Measure-Learn Practice innovation accounting Why Startups Fail Startups fail because of uncertainty; forecasting only works when there is a long established pattern that can be relied on.

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Introduction Chapter 1: Ten Principles of Economics BLUF People face trade offs for achieving alternative goals; cost is measured in foregone opportunity; rational people compare marginal costs+benefits; and people act on incentives. Trade is good; markets are good; governments can improve market outcomes. Productivity begets living standards; inflation means a surplus of money; and society faces trade offs between inflation and unemployment. Notes Trade-offs (“guns and butter”) Cost is what you give up to get it Rational people, marginal benefits & costs (water vs diamonds) People respond to incentives (but think Freakonomics) Trade can be good for everyone Markets are (usually) a good way to organise economic activity - Adam Smith, invisible hand Governments can (sometimes) improve market outcomes A country’s standard of living depends on its ability to produce goods and services (but what is “standard of living”?