Our commitment to education and the Four Capital Approach is evident through SFG’s Book Club. This fun tradition reinforces our Intellectual Capital. Team members choose non-fiction books to read and twice a year we get together as a team and present our “book reports”. We thought we’d share some of the books we’ve been reading related to the Financial and Intellectual Capitals in case any of these pique your interest.
The History of the United States in Five Crashes by Scott Nations
This book is the story of the United States’ 5 major stock market crashes; 1907, 1929, 1987, 2008, 2010. The author explains the various factors and causes for each event. The author posits that new financial innovations, people’s overconfidence in them and poor understanding of how they can backfire, remain a recurring cause of major financial crises.
Makers and Takers: How Wall Street Destroyed Main Street by Rana Foroohar
Foroohar analyzes lessons learned during the 2008 crisis, factors that lead to it, and elements of America’s current financial system. She defines “makers” as the people, companies, and ideas that create real economic growth. She defines “takers” as those that use America’s market system to enrich themselves rather than the society at large. Foroohar uses history to explain the financialization of America in detail. The history helps explain the markets and trends that we see today. She identifies issues and proposes thoughtful solutions to some of the issues in our economy.
Shoe Dog: A Memoir by the Creator of Nike by Phil Knight
Phil Knight outlines what it took to build Nike into the world leading company that it is today. He talks about his issues in obtaining capital to grow his business, as well as some of the interstate banking laws that existed back in those days. He stresses the importance of team building exercises and how much value he got from his team through those exercises. He also outlines the mistakes that he made along the way and the things he had to do to get out of them.
Three Days in January: Dwight Eisenhower’s Final Mission by Brett Baier
Focusing on the finals days of Eisenhower’s presidency, the author intertwines the younger years of Dwight D. Eisenhower, his service as a Five Star General in command of the U.S. Armed Forces during World War II, and his eight years as President. In the final days of his presidency, the wisdom he hoped to impart upon the incoming president, John F. Kennedy, compelled Eisenhower to forewarn the new President about the dangers of nuclear power and the terrible cost if misused.