Last year we started a summer reading list for appraisers with recent books that appeal to appraisers about the industry or business in general. This year we have a brand new batch of books for appraisers to read while traveling, on vacation, or during your downtime. Hopefully, you will get a chance to check out a few of these great titles.
1. "The Next Economic Disaster: Why It’s Coming and How to Avoid It"
by Richard Vague (Released 7/15/14)
Author Richard Vague takes a look at some of the reasons for past economic collapses across the globe. He points out some concerning similarities between those disasters of the past and the amount of privately held debt in the United States right now. His believes unless banks institute a policy of debt restructuring our next disaster is not far away. Watch this short interview from Yahoo Finance of Richard Vague on his book and his predictions for the future.
2. "Think Like a Freak: The Authors of Freakonomics Offer to Retrain Your Brain"
by Steven D. Levitt and Stephen J. Dubner (Released 5/12/2014)
The bestselling authors of freakonomics and superfreakonomics talk about the principles they told us about in their previous book and teach you how to apply it to your own thinking. This book really focuses on getting rid of preconceived notions and predetermined outcomes and learning how to approach problems from a new point of view. This book is a must read for people who enjoyed their previous titles.
3. "The Second Machine Age: Work, Progress and Prosperity in a Time of Brilliant Technologies"
by Erik Brynjolfsson and Andrew McAfee (Released 1/20/2014)
We often receive emails and comments from appraisers talking about how much their jobs have changed since they first began appraising due to increased technology. These authors take a look at the rapidly accelerating technology and how it is affecting different professions. The authors use several real life examples of companies who transformed to keep up with the technology and those that didn’t. They don’t believe technology will completely get rid of the jobs people do now just shift the requirements and obligations they have. This review from Steven Pearlstein of the Washington Post takes an in-depth look at the book.
4. "Stress Test: Reflections on Financial Crises"
by Timothy F. Geithner (Released 5/12/14)
One of the most polarizing books on our list, Timothy Geithner recounts the events that led to the financial crises and his part in trying to repair the economy. As the President of the Federal Reserve Bank of New York during the build up to the crises and President Obama’s Secretary of the Treasury from 2009 to 2013, Geithner has a unique perspective to recount what happened during those closed door meetings. While the division of people who loathe and love Geithner is quite pronounced the skyrocketing sales prove that everyone has an interest in his retelling of the events. Those looking for an in-depth review before buying should read this article from Michael Lewis of the New York Times.
5. "Thanks for the Feedback: The Science and Art of Receiving Feedback Well"
by Douglas Stone and Sheila Heen (Released 3/4/14)
No one likes to be told they are wrong. Especially when the feedback is not requested and is sometimes off base. As appraisers you are constantly receiving feedback on your work and it isn’t always easy to take. The authors explain how to handle feedback constructively and how to remove the emotional reaction to the review. Those who are interested in the topic should read this short adaptation from the authors of their book in the Harvard Business Review titled, "Find the Coaching in Criticism".
6. "Go Pro: 7 Steps to Becoming a Network Marketing Professional"
by Eric Worre (Released 5/1/13)
Networking is vital to your work in the appraisal industry. While it is easy and intuitive for some, for others it is a bit more difficult. Worre’s book teaches beginners and pros alike what they can do to increase their reach and improve their business. The reviews and comments on the book review are enough to convince most people to want to read this book.
7. "David and Goliath: Underdogs, Misfits, and the Art of Battling Giants"
by Malcolm Gladwell (Released 10/1/13)
We hear from so many appraisers that they feel helpless trying to stand up for themselves against the giants of the industry. Malcolm Gladwell, bestselling author of Blink, The Tipping Point, Outliers, and more, shows us how to turn disadvantage into an advantage. His book goes on to point out how underdogs throughout history have prevailed and what they did to overcome their disadvantages.
We hope you find some time this summer to read a few of these titles. Let us know which ones you liked or didn’t like, and if there are some titles we should have included in our list.
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