The best business books aren’t in the management section
I expand on this theme in my latest Bloomberg column, here is one excerpt from that:
I thus have a modest proposal for anyone interested in business books: Read books about specific businesses or industries that you already know a lot about. That way, you will have enough contextual knowledge for the book to be meaningful. Of course many people don’t work at a company or industry big or famous enough that there are books about it, so I have a corollary proposition: You will learn the most about management by reading books about sports and musical groups.
And this:
Many music and sports books are not only written for obsessed fans, but also written by obsessed fans. Traditional business books, in contrast, are frequently written to get consulting work or on to the speaker’s circuit. The incentive is not to offend anybody and to put forward some “least common denominator” insights, rather than say anything truly original that might be complicated to explain. The end result is a bookstore section that would be mind-numbing to have to read.
There is much more of interest at the link, recommended.
North Dakota woman poisoned her boyfriend thinking he was to inherit $30 million; but the inheritance was simply a scam
WSJ: How a crypto romance scam cleaned out a senior citizen
Worth Remembering: Eighty years ago the allies returned to Europe in the landings at Normandy, with the largest Armada the world had ever seen. Thousands of brave men lost their lives in the desperate struggle on the beaches. I was fortunate to have known one man who was there on Omaha and lived to tell about it. I’m not at all sure that I would have been brave enough to have done this. So take a moment to think about them today.
Fraud Studies: Here are links to the studies I’ve written for the Better Business Bureau: puppy fraud, romance fraud; BEC fraud, sweepstakes/lottery fraud, tech support fraud, romance fraud money mules, crooked movers, government imposters, online vehicle sale scams, rental fraud, gift cards, free trial offer frauds, job scams, online shopping fraud, fake check fraud and crypto scams
Fraud News Around the world
- Virginia: Man pleads guilty to fake check fraud; was one of four; had a key to Post office storage boxes; got over $500,000
- Virginia: Former letter carrier gets over a year prison for stealing mail
- Florida governor DeSantis signs bill letting banks delay paying out money if they reasonably believe it is for fraud against seniors
- UK: Five Bulgarians get prison for fraud in getting £54 million in government benefits
- Rhode Island: Illegal alien from Dominican Republic pleads guilty to scam that got food stamp benefits; got more than $213,000
- Italian and Portuguese police take down two networks of money mules laundering through crypto
- Colorado: Two former executives of data company convicted of selling target lists of millions of seniors to operators of mass mailing prize frauds
- Los Angeles: Five Chinese arrested in scheme where they bought Apple phones and then returned counterfeit phones; got $12.3 million
- Springfield, Missouri: Woman pleads guilty to selling counterfeit Louis Vuitton bracelets on line
- FTC warns against responding to random text messages
- UK Which? on the five most convincing scams
- Bob Sullivan: “They are finding dead bodies outside scam call centers;” international fraud is getting nastier
- Google search results manipulated by scammers so their contacts and info appear at the top of search results
- BBB warns scammers are advertising pianos for free on Marketplace but need money for moving costs that must be paid with Zelle
- Springfield, Missouri: Man indicted for timeshare exit scheme
- BBC: UK jails five for laundering money from tech support victims and sending to India; handled £1.2 million
- Canada: Quebec police raid many locations over grandparent frauds
- Ukraine police raid call center pitching crypto investments; one arrested
- China arrests 30 from Pandabuy selling counterfeits, seize goods that would fill 20 football fields
- Police arrest “thong thief” who stole $14,000 in underwear from Victorian’s Secret
- Man upset that he didn’t have winning lottery ticket robs convenience store
- Seattle: More than three years prison for man over PPP fraud; got $500,000
- New Jersey: Bank manager pleads guilty to coordinating PPP fraud; group got $5 million
- Florida: Former Dade county sheriffs deputy gets seven months prison for PPP fraud; got $31,000
- Florida: Man indicted for PPP fraud; got $350,000
- Maine: Man gets two years prison for PPP fraud; got $243,000
- Boston: Man gets six months home confinement for PPP fraud; got $150,000
- India: Policeman arrested for stealing $216,000 in bitcoin during fraud investigation
- California: Disbarred lawyer pleads guilty to running a crypto Ponzi scheme
- Australia: Man who was romance scam victim accepted shipments, which he did not know contained meth; released pending more investigation
- UK bank study finds one of three adults have been contacted by a romance fraud