Category Archives: Business
The Future of Leadership in the Age of AI: Preparing Your Leadership Skills for the AI-Shaped Future of Work by Marin Ivezic and Luka Ivezic
Reviewed by Timea Barabas
Are you ready for the next revolution? Few people are. But the good news is that it is not too late to prepare yourself. And The Future of Leadership in the Age of AI by Marin Ivezic and Luka Ivezic proves to be a great boot camp for what is to come.
It is a book that encompasses the past, present, and future in order to obtain a more comprehensive understanding of a phenomenon. The revolution that is to come. Or is it already here? While it might seem like a more or less far-fetched futuristic topic, it is not so. AI is already part of our world. The reason why this might be hard to notice, for some, is that it is so well integrated in our everyday life.
In order to determine The Future of Leadership in the Age of AI, we must first turn to the past. Marin Ivezic and Luka Ivezic will start by walking the reader through the first three Industrial Revolutions, only to set the foundation for the fourth because this will most likely have an exponentially bigger impact than all its predecessors. However, any one of us can act in order to ease this (unavoidable) transition and ensure that we will not be swept away.
The Four Hats of Leadership: Be Who Your People Need You to Be by Drake E. Taylor
Reviewed by Dianne Woodman
Drake E. Taylor, an officer in the United States Air Force, advocates four types of hats that will help individuals become effective and successful leaders. The Preface is an excellent tool for drawing readers into The Four Hats of Leadership: Be Who Your People Need You to Be. The four types of hats are The Farmer’s Hat, The Drill Instructor’s Hat, The Psychologist’s Hat, and The Self-Care Hat. Taylor does an excellent job of providing an analogy between a farmer’s job and that of leading a team of people, describing the role of when it is appropriate to use the drill instructor’s hat in a civilian environment, the value of the psychologist hat and ways to help people with their emotional well-being, and the importance of the self-care hat for a leader’s mental health.
Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar (And Not Pay Some at All) by Jorge P. Newbery (Review #2)
Reviewed by Chris Phillips
According to the author and company that this book is basically an advertisement for, www.debtcleanse.com, Americans have been duped by creditors, credit card companies and other corporate entities into carrying on several self-serving relationships based on long-term or extensive term debt.
Mr. Newbery narrates the story of his problems when an unexpected natural disaster turned his business and enterprises into huge debts. He went from successful to broke and owning $26 million in debt in the matter of a few days following an ice storm. Instead of following the way of many in America, from the poorest to the wealthiest, he did not choose bankruptcy. He made the decision to not pay his debts, any of them.
Money Please Come Back: Changing Your Relationship with Money and Growing It by Jeremy Kho
Reviewed by Timea Barabas
Jeremy Kho came back with another significant book about how to manage your finances. Following The Journey from Poor Procrastinator to Invested Millennia, which encouraged the reader to take charge of his or her finances and become an active economic agent, Money Please Come Back takes things to the next level. This book works as an easy to read step by step guide toward reaching not just financial independence but freedom.
It is easy to get drawn in by the friendly and informal writing style of Jeremy Kho which is more reminiscent of a leisurely but informative conversation than a written text. Also, the financial terminology, which might scare away some, is used in a considerate manner followed by ample explanation and exemplification. The complexity of the economic system is presented in a structured and simplified way so that it can be easily assimilated by those who do not have a background in this domain. However, the most valuable part of the book is its practicality. While relying on a solid theoretical framework, the author put forward a series of steps to follow. The reader can easily act upon the advice presented in the book if he/she desires so. Needless to say, this does not imply that the road will necessarily be easy or risk-free, only that financial freedom is within reach for anyone.
Jeremy Kho encourages the reader to treat finances like any relationship. And as we all know, not all types of relationships are beneficial. The first step is to analyze and define it in order to gain an accurate image of the situation. Once you have a clear vision of where you currently are, you need to do the same with the future. Of course, there is a colorful variety of goals one can have, but the endgame should always be to break free of the shackles of financial strain and reach freedom.
Money Please Come Back was written by Jeremy Kho with the intention of passing on his academic and empirical knowledge. It will certainly prove a useful read for anyone who struggles with money-related issues. The main aim of the book is to help build a healthy relationship with one’s finances and what is more to reach freedom.
The Other Path: Illuminating the Path toward Reduced Volatility while Achieving Equity-Type Returns by Robert J. Klosterman CFP
Reviewed by Douglas R. Cobb
In The Other Path, Robert J. Klosterman’s follow-up to The Four Horsemen of the Apocalypse, the author once again offers his astute financial and investment advice. The book’s subtitle, “Illuminating the Path Toward Volatility While Achieving Equity-Type Returns,” is apt, as that is just what Klosterman advocates that investors do to achieve optimal monetary gains with their investment portfolios. Klosterman gets his title from Robert Frost’s famous poem, “The Road Not Taken,” which he quotes at the beginning of The Other Path, a highly interesting book that offers investors insights into a different sort of investment approach than they might be used to, though a very effective one that is designed to aid investors to earn equity-type returns while reducing the volatility that many other investors experience who only try more traditional approaches when it comes to planning their portfolios.
Klosterman’s book, The Other Path, is relatively short, coming in at just 60 pages, not counting the Appendices at the conclusion of it, but his approach to investing which he details in it is one which is very informative. The book is sure to interest and be beneficial to anyone who would like to lower his/her investment risks while maximizing his/her potential monetary returns.
The very title of Klosterman’s book, The Other Path, alludes to an investment strategy, or road, that most people have traditionally followed, which is investing their money entirely in stocks, bonds and cash. Such an approach is a tried-and-true one that has proven beneficial to many investors, but it has also proven to be a sometimes volatile path for others. Investing in stocks, bonds and cash, Klosterman argues, is an important part of an overall investment strategy, though there are other opportunities for diversifying one’s investments and reducing the volatility many portfolios unfortunately undergo, a volatility which can cause the monetary value of one’s portfolio to experience a disastrous nosedive.
Still, the main leg of the milk stool, that is, investing in stocks, bonds and cash, is a vital component in a wise investment strategy, according to Klosterman’s assessment in The Other Path. He calls it the core leg of a metaphorical three-legged milk stool, with each leg in the metaphor referring to a different but complimentary strategy when it comes to investing. If an investor diversifies his/her portfolio and does not solely focus on the main leg of stocks, bonds and cash, but also invests his/her money in nontraditional ways, Klosterman argues, using a series of useful and informative charts and graphs, that one’s portfolio is much less liable to experience a disastrous financial loss and the volatility of one’s portfolio will be reduced.
The second of the three legs of the milk stool is “Diversifiers,” and the third leg is “Absolute Returns.” Klosterman argues that “Diversifiers,” or alternative or nontraditional Investments, help reduce the volatility of an overall investment portfolio. Some examples that the author gives of nontraditional investments include real estate, private equity, “developed and emerging international equities,” distressed debt, and managed futures. These sorts of nontraditional investments can reduce volatility by either having a “very low correlation with traditional markets,” as Klosterman writes, or by delivering “consistent returns year after year, with little or no volatility.”
The third leg of the milk stool, “Absolute Returns,” is also the name of Chapter Four of The Other Path. Absolute returns are investments, according to Klosterman, which “demonstrate the same qualities of a bond with the assurance of return of principle and consistent payment of interest.” The author writes that they are similar to ten-year treasury bonds but “they are not backed by the full faith and credit of the United States.” Despite this, Klosterman states that aspect of absolute return vehicles can be considered to be an advantage. That is because strategies involving absolute return vehicles, as the author writes, “can invest in sound ideas and not have to fit restrictions that other institutions have.”
One example is investing in companies that lend money to small businesses and house flippers. These companies can work fast and close loans faster than banks. These companies have the ability to provide quick access to loans for money to people like real estate developers or house flippers, in comparison to banks.
In The Other Path, author Robert J. Klosterman writes about a no-nonsense approach to nontraditional investing and how it can benefit one’s investment portfolio and help reduce volatility. The book also examines and identifies “trouble signs” besides volatility when planning one’s portfolio, like groupthink, market disruptions and inflation. While Klosterman recommends that investors follow the advice of professionals who are experts in planning investment portfolios and have proven track records over at least a decade, The Other Path is an interesting and insightful look at adding nontraditional investments to an individual’s portfolio. Whether investors want and like to plan their investment strategies on their own, or with the advice of professionals, The Other Path is an eye-opening Must Read designed to inform investors of types of alternative investments that can balance out their portfolios and reduce the negative effects of market volatility. It is a book I would highly recommend to anyone who has ever considered expanding their investment portfolios and adding nontraditional investments to them.
The Four Horsemen of the Investor’s Apocalypse: The Four Evils That Will Crush Your Portfolio, and How to Fight Them by Robert J. Klosterman, CFP

Reviewed by Douglas R. Cobb
The Four Horsemen of the Investor’s Apocalypse by Robert J. Klosterman, CFP, is a book that all investors should read and learn from, as it deals with four of the deadliest hindrances to investors finding success in their efforts to preserve wealth and maintain growth over time. The book is rightly subtitled “The Four Evils That Will Crush Your Portfolio, and How to Fight Them,” because the four hindrances that Klosterman details have often caused the best laid plans of investors to go terribly astray.
Compass: Creating Exceptional Organizations: A Leader’s Guide by William F. Brandt, Jr.

Reviewed by Douglas R. Cobb
Compass, subtitled “Creating Exceptional Organizations: A Leader’s Guide,” by William F. Brandt, Jr., is a how-to guide for business leaders. It provides the principles, processes, and tools business leaders need to build what the author refers to as “Exceptional Organizations.” What’s more, Compass is filled with lessons that provide business leaders the education, training, and tools that are necessary to support change and progress.
William F. Brandt declares right from the start of Compass that capitalism, whose premise is that “the pursuit of self-interest not only the individual but society,” is a good thing. But, the author believes that capitalism “does have its limitations,” and that sometimes if companies zealously pursue their own self-interests, the result can be that they may hurt their own stockholders and “disrupt the world financial markets.” Brandt suggests that businesses can be very successful through both pursuing their own self-interests, while at the same time expressing their “concern for others.”
The Inner World of Money: Taking Control of Your Financial Decisions and Behaviors by Marty Martin
“Taking financial responsibility ain’t for sissies.”
How many of us have ever considered exploring a college-level economics class to discover the brilliance of those who have become financially successful in this every changing world? Have you ever felt intimidated by business gurus or have your eyes glaze over when anyone mentions the word economics?
This particular text, The Inner World of Money, deals with the daily decisions that directly affect our financial success, both now and in the future.
The use of psychology with financial choices allows an understanding how each of us spends money. This is helpful in discovering our own financial identity. This particular “scheme” is important for each of us individually to know what our personal tendencies are in order to better plan and to achieve your financial goals.
Dr. Martin also discusses the problems of buying on credit and using credit cards. With credit cards, he chooses to call them debt cards, which is not to be confused with debit cards. He strongly emphasizes the importance of seeing the charged amount as a “debt” rather than a payment which over time will eventually pay for the item but with considerable costs to the financial institution. He also shows the true cost of buying a home and the cost paid out depending on the interest amount or the variable amount. With the recent economic changes, this is an area that needs to be closely monitored and considered.
The author strongly promotes the value of a college education but a concern I have regards the student loans and the changing situation with our country’s present situation. For college grads who cannot find employment, the student loans for their college education can be an overwhelming burden. In the past, he shows that a college degree pays for itself over time, however, recently, especially in the area of law schools, many graduating lawyers are not getting jobs and even suing universities for misleading them, not to mention the amount owed in student loans.