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The new reading stack

macwright.com

31–40 of 74 posts

Re: The new reading stack

#31

'Amazon embodies the idea that companies need to “maximize shareholder value” - a total falsehood invented in the 1970s by Milton Friedman' One can agree or disagree with this statement of values, but it is not a dishonest "falsehood".

Of course if you want to attract investors you have to take their interests into account, thats just self preservation. but many people seem to believe that companies are legally required to maximize returns which is false.

Re: The new reading stack

#35

'Amazon embodies the idea that companies need to “maximize shareholder value” - a total falsehood invented in the 1970s by Milton Friedman' One can agree or disagree with this statement of values, but it is not a dishonest "falsehood".

The entire statement is in fact a falsehood, as Amazon does not embody that idea, regardless of its veracity. Amazon has never paid a dividend, and is guided as much or more by the pursuit of growth (and also "customer value" although unevenly) that simply maximising shareholder value.

Re: The new reading stack

#36

Another option in the UK is https://www.hive.co.uk/ which is an online bookstore (physical, ebook). Every sale is linked to a physical bookstore of your choice, which gets between 10% and 25% for physical books (dependent on delivery/collection), and 8% on ebooks even though the nominated store has no work to do for it.

when buying an ebook, it sounds like hive is donating 8% to a bookstore?

Re: The new reading stack

#37
I like the idea of reading books; well, I read a lot[1] and my plan this year is to reduce the quantity and focus on quality. As suggested by some comments on this thread, I've also, quite a while back, moved more and more towards a plain-text life. Nonetheless, I let GoodReads[2] track the books I read on the Kindle.

Here is something I found on the Internet and have made my ways of reading books more thoroughly and deeply instead of trying to read more.

Write out about the book you read;

- Describe the book in few sentences.

- Your impressions of the book.

- Who else or what type of person should read this book

- Did the book changed you in any way. How?

- Are there any quotes from the book that you want to remember, repeat, or follow.

- Some Summary, snippets, and notes.

1. https://brajeshwar.com/2020/books-of-2020/

2. https://www.goodreads.com

Re: The new reading stack

#38

I like the idea of reading books; well, I read a lot[1] and my plan this year is to reduce the quantity and focus on quality. As suggested by some comments on this thread, I've also, quite a while back, moved more and more towards a plain-text life. Nonetheless, I let GoodReads[2] track the books I read on the Kindle. Here is something I found on the Internet and have made my ways of reading books more thoroughly and…

Impressive. How do you take care of your eyes? Reading 100 books/year means that on avg. you read 1 book in 3 days. I imagine that must put a lot of stress on your eyes?

Re: The new reading stack

#39
The best thing about reading technical books is that it naturally leads one to get aquainted deeper with the topic at hand.

Usually many ideas spawn out of some brilliant work which is published for a while already and its really worthwhile to try to track down those.

Knowing history makes it easier to understand works which in some way depend on the original, even small bits - something called syntopical reading.

While this is obvious to many I’ve always struggled to get myself to read those early works.

Now obvious question is what is the best book to read on the topic of reading books?

I think one of the best is “How to read a book” by Mortimer Adler. It is about all books and cannot recommend it highly enough. It is in public domain already unless I’m mistaken so here is a link [1].

[1] https://delong.typepad.com/files/adler-read.pdf

Re: The new reading stack

#40

'Amazon embodies the idea that companies need to “maximize shareholder value” - a total falsehood invented in the 1970s by Milton Friedman' One can agree or disagree with this statement of values, but it is not a dishonest "falsehood".

The entire statement is in fact a falsehood, as Amazon does not embody that idea, regardless of its veracity. Amazon has never paid a dividend, and is guided as much or more by the pursuit of growth (and also "customer value" although unevenly) that simply maximising shareholder value.

You don't need to pay dividends to maximize shareholder value. As you correctly point out Amazon prioritizes growth over dividends, but also with the goal of maximizing shareholder value (business is bigger/more stable/etc. -> value of shares goes up).
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