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Get Smarter: Life and Business Lessons, by Seymour Schulich
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There are plenty of guides on the market that claim to hold the secret to getting rich. But this book is different – Get Smarter offers advice as to how to make better, more informed career and personal decisions, resulting in the well-roundedness necessary for successful financial ventures. Penned by Seymour Schulich, one of North America’s most astute, savvy, and colorful businessmen and philanthropists, this guide draws from personal experience to educate business-minded young people. In 49 consise and easy chapters, Schulich describes the importance of keeping one’s outlook flexible, so that opportunities are not missed. He describes successful methods for decision-making, relationships, career choices, dealing with adversity, and exploring investment options. Get Smarter extends beyond the category of business strategy; Schulich’s recommendations will serve those looking to get rich — both in business and in life.
- Sales Rank: #2632940 in Books
- Brand: Brand: Key Porter Books
- Published on: 2008-10-01
- Original language: English
- Number of items: 1
- Dimensions: 1.09" h x 6.32" w x 8.78" l, 1.10 pounds
- Binding: Hardcover
- 304 pages
- ISBN13: 9781554701148
- Condition: New
- Notes: 100% Satisfaction Guarantee. Tracking provided on most orders. Buy with Confidence! Millions of books sold!
About the Author
SEYMOUR SCHULICH, is a Canadian, self-made billionaire whose career has spanned stock brokerage, investment counseling, mining and the oil industry. He is among Canada's greatest philanthropists having donated in excess of $200 million to universities. He has also endowed libraries, medical health centers, lecture, and music halls. Over 650 scholarships are awarded annually to students in Schulich schools. He holds degrees in Science (Chemistry), an MBA and is a Chartered Financial Analyst (CFA). He holds Canada's highest civilian award: the Order of Canada.
Most helpful customer reviews
1 of 1 people found the following review helpful.
Practical Wisdom
By O. Halabieh
This book is a collection of words of wisdom on various topics covering aspects of both personal and business life. It is backed by Schulich's credibility both as a successful businessman and an inspiring philanthropist. The topics covered include economics, people management, investment, leadership etc. Of course, the book does not cover any of these areas in depth, but the learnings shared are appropriately framed and presented in a way that can be applied. Of relevance to my investment interests, Schulich's advice include paying close attention to companies cash flows, and not investing in growth stocks as they will sooner or later stale. In addition, a key to success in business, is knowing when to say 'No' and this cannot be stressed enough. It is much easier said than done, yet this learning is so central to success.
Don't let the number of pages fool you, this book is a very quick read - a day or two. It is written in a very entertaining and concise manner. Given the little time investment in going through it, and the amount of experience and knowledge behind it, it was definitely worth reading!
0 of 0 people found the following review helpful.
Business Smarts
By Edward Mendlowitz
There are thousands of lifetime lessons in business books, each with its own stories and weave. This is one of them but what makes it standout is that (1) I read it, and (2) I got some good ideas from it.
The author is a self made billionaire and one of Canada's greatest philanthropists. It reminded me of something my Uncle Marty said when I was very young and I asked him what he did for a living. He replied that he was a finance manager for a big company but what he really wanted to be was a philanthropist. When I asked what that was and why he wanted to do that he replied that it was someone who gave away a lot of his own money to charity and if that is what he became it would mean that he was very wealthy. Unfortunately, he never became one, but Seymour Schulich did.
The book has many autobiographical anecdotes starting when he was a kid, through his summer job on to his massive wealth creation investments and businesses. He also throws in stories of people who overcame adversity to achieve uncommon success such as Katherine Graham's taking over the family business which she knew little about at age 46 after her husband's suicide. Under her tutelage the Washington Post grew to one of the most prestigious newspapers in the World. She gave much credit to here skilled managers, perseverance and a positive attitude. Schulich writes about Intel's Andrew Grove's management discipline - his ability to decide what is worth your time and effort, and what isn't, and then cut out the latter.
One of the many reinforced ideas I got was saying "no." We know this, we read about it, but we need to be reminded that we need to say no much more than we say yes. And every no is a rejection to someone, so we must be diplomatic and firm, and comfortable with the decision.
Howard Schultz approached 242 people for money over a four year period trying to make his business idea into reality. 217 of them turned him down. Today there are over 10,000 Starbucks. Persistence is needed in anything you want to accomplish.
Schulich gives five questions to ask when screening a potential deal or investment. Four of them coincide with the questions I tell my clients to ask. How much can I make? How much can I lose? How do I get my money back? Who says this deal is any good? The fifth one "Who else is in the deal?" is not much of a concern of mine, since many so called heavy hitters invest on reputation, gut and instinct without much due diligence, witness the Bernard Madoff scam. Now, if you could get a piece of a Warren Buffet deal...
Having skin in the game means having some pride of ownership in the project. When there is a personal risk or benefit, there is greater care. One of the author's axioms is that "business is a means to an end not an end in itself." Another one is "always ask the question "if this decision in wrong, is it going to be painful or fatal?" Lehman Brothers, Bear Stearns, Wachovia, AIG, etc., etc., etc., should have asked this question before they bet the farm on subprime mortgage derivatives.
The book is chock full of great cartoons by Ted Goff. My favorite one shows someone answering the one asking the caller to hold on for ten minutes while they are transferred to the Lost Sale Department.
4 of 4 people found the following review helpful.
A no Brainer - read it
By Jim Estill
I loved the book. Seymour Schulich is an accomplished entrepreneur billionaire which is why people might listen to him.
His advice is just old fashioned common sense (which is not that common)
The book consists of 48 very short chapters. (Don't be daunted -- this is a very simple and fast read.) It is written largely as an older man's mentoring for someone who is new and going into business. As I read the various rules, I couldn't help but smile and nod in agreement with almost everything he had to say in almost every area.
The book is not only business lessons but covers lessons on finance and life. He even gets into relationships.
I found the book to be a page turner (which might seem ironic for a business book, but perhaps I am different). It contained many gems and philosophies.
It is definitely worth the read!
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