CFO Bookshelf Blog

As a financial expert, could you estimate the cost savings in the U.S. alone through the country’s use of daylight savings time (DST)? Benjamin Franklin’s estimates in 1784 yielded about $200 million in savings in today’s dollars if people lived their days by making the best use of daylight around the year. David Prerau is the leading expert on daylight savings time, and his book, Seize the Daylight, explores the rich history of DST.

I recently started listening to the podcast Investing by the Books produced by the Nordic investment banker Redeye. The hosts are Eddie Palmgren and Niklas Sävås, and they are great. Both are lifelong learners, and they love books on investing. In this show, we talk about the best investment books that Eddie and Niklas have ever read. We’ll find out their favorite book about Buffett. We’ll also get more insights on Mr. Market, moats, and the Ackman Paradox.

Gordon Graham accepted an IT position at a public utility district in rural Washington because its core values and guiding principles aligned with his. The PUD’s culture started spiraling downward after a new general manager with narcissistic tendencies pushed an agenda with financially damaging outcomes. These behaviors and other bizarre actions resulted in Gordon’s inexcusable termination, which he tells in his book, The Intrepid Brotherhood: Public Power, Corruption, and Whistleblowing in the Pacific Northwest.

I stumbled upon John Seddon’s website, The Vanguard Method, a few years ago. At the time, I read every page, post, and short tutorial in one sitting. I followed that binge-reading with his book, Beyond Command and Control, which is the topic for this episode. John teaches us about failure demand, break-fix systems, the destructive nature of arbitrary targets, and budget management. We also gain greater insights into outside-in thinking through a systems mindset.

If you are looking for the PayPal version of Brad Stone’s, The Everything Store, that book has arrived. Jimmy Soni is the author behind The Founders where he takes us on a deep, yet informative and eye-opening journey from PayPal’s pre-startup days to just after its IPO. The book is rich with insights we’ve never heard before, and the bookends are incredible–the three-hour conversation with Elon Musk and the moving and inspiring epilogue.

Gaining media attention may not be an ongoing goal for many growing businesses. However, a former TV host and Emmy-award winner in consumer reporting explains that if we can pitch the media effectively, we can sell anything to anyone. Katrina Cravy is the author of On Air: Insider Secrets to Attract the Media and Get Free Publicity. This easy-to-read book also has far-reaching applications for presentations, pitches of any type, and YouTube videos.