CFO Bookshelf

I'm betting that over half the CFO Bookshelf listenership participate in an NCAA tournament basketball pool at the office. Accordingly, I thought I'd share a story from a basketball legend I don't think I've ever heard retold from a leadership expert during a speaking event.I end this special episode on my three favorite basketball movies. What are yours?

Before I start reading a book on Warren Buffett, and there are many, I want to know if this book has been written before—the ones where the narratives essentially state the same thing about Buffett's investing style.In the case of Brett Gardner's new book on Buffett, he checks all the boxes of a fascinating investment book. It's informative, inspiring, and even entertaining. More importantly, the book Buffett's Early Investments is not a rehash of Buffett material you've read before.Instead, Brett takes us on a journey involving several of Buffett's early stock acquisitions, how they shaped and molded his later investment style, and how these deals inspired the Berkshire Hathaway business model as we know it today.

When I first experienced the Cynefin Framework in an HBR article many years ago, I never tried to adapt it to my work until I interviewed Bryce Hoffman, author of American Icon and Red Teaming, a few years ago. While Bryce made the Cynefin Framework seem more understandable and accessible, Kevin Eikenberry has gone further to show leaders how to act when surrounded by varying problems they are trying to navigate with this sensemaking framework.Kevin has written nearly 20 books, and his newest title is Flexible Leadership which includes a better approach to holistic thinking, the Cynefin Framework and the use of flexors.

CFO Bookshelf had never heard of Ivar Kreuger until the former Managing Director of CFO.com suggested we discuss the book, The Match King.Andy Burt joins Mark Gandy to explain why Ivar Kreuger is a financial mastermind worthy of studying and what led to his downfall.At one time, Kreuger was worth billions in today's dollars, but his empire, built on a house of debt, could not withstand the Great Depression or a subsequent audit when he tried to raise cash by liquidating a key asset.A story made for Hollywood reveals what drove Kreuger and why U.S. securities laws were created after his downfall.

I recently came across a book that's been out for over 10 years by an exceptional and tenacious researcher and an engaging writer, Lodewijk Petram. His book, The World's First Stock Exchange, might be the first to explore how early investors first bought and traded shares of the VOC of this next stock exchange.The founding of the Dutch East India Company (VOC) in 1602 marked the beginning of Amsterdam’s rise from a modest market town to a global financial powerhouse. The Company’s introduction of easily transferable shares quickly led to active trading, with investors exchanging them within days. Before long, the public was engaging in complex financial maneuvers—ranging from forwards and futures to options and bear raids. By 1680, the Amsterdam market had developed techniques as advanced as those used in modern finance, topics we explore in this conversation with Lodewijk.

When I think of the CFO's role, a few questions emerge: What will we invest in and reinvest in? How will we finance those investments? What about risk management? And what is the role of corporate governance in these activities?Not only does Don Chew answer those questions in his new book, but he also gives a name to all of his answers - corporate finance.In this conversation, Don Chew explains why he wrote The Making of Modern Corporate Finance and how it's different from old-fashioned corporate finance.Don's book offers insights, inspiration, and even entertainment at times. The book contains only four equations, which can relieve business students intimidated by complex math problems during their university years.

A financial executive no longer loved Mondays until a health scare changed his mindset a few years ago.Ron Monteiro is a financial expert who coaches other leaders. His book is Love Mondays: A Proven Process to Bring Joy Back into Your Work Week and Life.Ron teaches us four simple steps to becoming Monday Mavericks. He then outlines seven clever tactical steps for leaders in developing Monday Mavericks. The book ends with a dozen stories about Monday Mavericks.

When John Rossman is not busy delivering keynote addresses to large audiences or consulting with brands we recognize, he still finds time to write.John is making his third appearance on the show after our conversations about two of his other books: The Amazon Way and Big Bet Leadership.John's newest project is a 54-page manifesto entitled The Pig, The Lipstick, and The Playbook of Champions. It shows organizations how to escape their self-created world of mediocrity.

One book critic has asked readers of The Money Trap to imagine Michael Lewis as the President of a multinational investment holding company. Instead, Alok Sama is that person after working for Morgan Stanley for sixteen years.In this sometimes lighthearted but philosophical tome, occasionally sprinkled with dark humor and cleverness, Alok shares his most interesting stories while working next to one of the wealthiest men in the world. It's a story that includes investing insights, a smear campaign, and parent heartbreak.Learn fascinating insights from an investment banker with a strong mathematical and analytical mind who loves writing and reading great literature. This may be the only time you hear Mark Zuckerberg, John Nash, and Julius Ceasar mentioned in the same conversation.

David is a dermatologist whose practice can't seemingly make the money it should be.David meets a great accountant named Graham. Graham is a TOC bottleneck specialist for all types of businesses, not just manufacturing. He speaks and teaches his clients in a way that is easy to understand and can quickly implement the ideas.That's the storyline of Practice Makes Profit by Graham Scott. This book answers four questions: 1) why the money we spend on improvements rarely improves operating cash flow, 2) why business owners get stuck in a holding pattern, 3) how TOC can be used to solve simple problems, and 4) how to apply TOC outside of manufacturing.In this conversation, we address why bottleneck thinking applies to all types of businesses, why budgeting is not a solution for pairing costs, and how to offload work to non-bottlenecks.