The Intelligent Speculator : A Unique and Low-Risk Approach to Trading Commodities Book

A very short but incredibly insightful text on management. This book does tells the story of how Jack Welch turned G.E. into a business powerhouse, explaining how he did it. The takeaways that come to mind are removing wasteful bureaucracy, empowering every worker and harnessing everyone's ideas, only sticking in industries where you can be either number 1 or 2, and not letting the past dictate the future. Welch wasn't afraid to change something that wasn't broken, and in doing so, he made a great thing even better. On a more personal level, I really enjoyed thinking about these lessons as applied to my own life: focus only on what is important and gives you the most outcome. Don't waste time on things that never really get you anything. I found that when I looked at my life in that light, I found a lot of unnecessary things in it that were stealing time and not adding benefit.