This is not John Brooks’ book. This work is a comprehensive summary of the book “Business Adventures” by John Brooks. It provides a detailed and concise description of his book’s content, key
ideas and facts. Please note that according to the U.S. copyright law, the title of John Brooks’ book is not protected by copyright law. John Brooks’ book titled “Business Adventures: Twelve
Classic Tales from the World of Wall Street” is Bill Gates and Warren Buffett’ favorite business book. According to Bill Gates, John Brooks’ ＂Business Adventures＂ stands alongside Benjamin
Graham’s ＂The Intelligent Investor,＂ which Warren Buffett called the best book on investing. John Brooks’ book is a compendium of Brooks’ New Yorker articles from the 1960s. It includes twelve
articles that tell stories about the failure of the Ford Edsel, the inventor of the supermarket and his struggle with Wall Street, the evolution of Xerox, etc. Bill Gates writes, “It’s
certainly true that many of the particulars of business have changed. But the fundamentals have not. Brooks’ deeper insights about business are just as relevant today as they were back then.”
Indeed, even though the book was written in 1960s, the lessons learned still apply today. For example, when Brooks speaks out about the flaws of the federal income tax, he could be referring to
the modern tax law designed with special provisions for the riches. Brooks’ story does not seem out-of-date when he writes about the very lucrative opportunities that become available to people
who go to work for government agencies and then move to private business and use the connections and the experience that they acquired while working for government. When he writes about a
three-day panic, which occurred on Wall Street in the year 1962, he might as well be describing the perplexing “2010 Flash Crash.” Brooks tells how the arrival of xerography prompted hopes and
fears, which can make the reader think about the early days of the World Wide Web. Each chapter of John Brooks’ book offers engaging stories about people who work together, make decisions under
pressure, and either succeed or fail to achieve challenging goals. Each story invites the reader to make his or her own conclusions about business and finance practices.-------------------Book
summaries published by Brief, Concise and to the Point Publishing are designed to keep readers up to date and knowledgeable regarding new and significant books. Book summaries are perfect for
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