From investing to technology and sales these books gave me unexpected insight in 2016. I try to use this insight to understand new trends and formulate any opportunities behind them. Below is a list of some of the books I went through in 2016.
- Lean Analytics: If you are interested in starting or joining an online business, this book will definitely help you wrap your head around the online business models such as SaaS (software as a service), e-commerce and other models. They outline the important metrics behind each model and the different strategies to help you grow such a business.
- Predictable Revenue: This is definitely a book that made a big impact on me. It helped me understand first of all .. what the hell Salesforce was and why it was so big. Its written by the guy who scaled their Sales team, he was the VP of Sales. Not only will it help you if you are building a sales team, but it will generally help you understand how Salesforce got so big and what were the driving factors behind it. It also helps you understand how sales in general is transforming into an online art.
- The hard things about hard things: If you are thinking of starting a startup or if you already did, Ben Horowitz will go through some of the very hard decisions he had to make while he was building NetScape. As you go through it, you will realize how stressful his endeavour was but it will also help you with your decision making.
- The Wealth Renter: Thinking of buying a house ? Read this first, especially if you are planning to get a mortgage to buy that house. Although obvious to some, but this book will help you sink in that the traditional buying a house for asset accumulation is not the only way to build wealth, especially not when you are living in a city where the housing market is just a big fat bubble (Vancouver, Toronto, San Fransisco, Boston)
- Investing in Renewable Energy: This book is a bit old but will help you understand why the renewable energy industry is bound to win, and although its taking a while, when the tides begin to shift, you better be on the right side of it. Bought a few renewable energy stocks after reading this, and also considering shorting oil.
- Peter Lynch – Beating the Street: Are you investing ? Well if not, you should definitely read this; if you are, you should still definitely read this. He ran one of the most successful mutual funds, and he was definitely difference from most investors I read about. He investors is small-mid cap companies and put an extra ground effort to learn about the companies behind the stocks. He was take it a step further by making calls to sales people in those companies to investigate how they were doing. He had a few more tricks up his sleeve that gave him an edge, but that requires a lot of dedication.
- The Intelligent Investor: This is a book Warren Buffet recommends everyone to read. I think enough said there.