“Instead of trying to absorb all of the business information that’s out there–and there’s a lot out there–use this book to help you learn what matters most, so you can focus on what’s actually important.”
Want to be a guaranteed millionaire? Save $10 a day for forty years at 8% interest. Not something that comes up in many MBAs, but actually quite interesting when you think about it. Two lattes a day, and retire a millionaire! Though, 8% is pretty optimistic these days. Anyway.
MBAs are expensive. Really expensive. So expensive, you might wonder if it’s really worth it. For Josh Kaufman, the answer is usually not, unless you’re hoping to work for an investment bank, lead a fortune 500 company, or be at a top management consulting firm. Too many modern MBAs focus largely on finance, which is relevant in those settings but not if you want to, say, actually run a business.
In response, Kaufman has done his best to distill the many business books he has read to some concrete lessons. The ‘Personal MBA’ is a process of reading one hundred best books on business he recommends, focused on how business actually works. What are the key parts of any business? How do you find a grow a business idea? What are the three universal currencies (resources, time, and flexibility)?
Overall, the Personal MBA is excellent: it does a great job distilling concepts into bite-sized pieces, and it is well-written and clear. It stumbles a few times—some of the bite-sized pieces are so small as to be basically useless, and the risk of a personal MBA is that you don’t realize where you’ve misunderstood, so a few of his explanations are not quite correct—but if you’re looking for a clear, concise, and well-written introduction to a wide selection of business concepts, it’s a great resource.