Sanjay Bakshi
Opinionated professor in his virtual classroom.
Book Recommendations:
Recommended by Sanjay Bakshi
“@rajshree10 Read the chapters on Cash Flow Shenanigans in @HowardSchilit's fantastic book. https://t.co/uu5oTy5w7m” (from X)
by SCHILIT·You?
The bestselling classic from the “Sherlock Holmes of Accounting”―updated to reflect the key case studies and most important lessons from the past quarter century. This fourth edition of the classic guide shines a light on the most shocking frauds and financial reporting offenders of the last twenty-five years, and gives investors the tools they need to detect: •Corporate cultures that incentivize dishonest practices•The latest tricks companies use to exaggerate revenue and earnings•Techniques devised by management to manipulate cash flow as easily as earnings•Companies that use misleading metrics to fool investors about their financial performance•How companies use acquisitions to hide deterioration in their underlying business This new edition focuses on the key case studies and most important lessons from the past quarter century, and brings you up to date on accounting chicanery in the global markets. Howard Schilit and his team of renowned forensic accounting experts expose financial reporting miscreants and unveil the latest methods companies use to mislead investors. You’ll learn everything you need to know to unearth deceptive reporting and avoid costly mistakes.
Recommended by Sanjay Bakshi
“@rohitchauhan A while back, I read this book written by someone who witnessed dozens of bank failures. https://t.co/6CqzXG8Gr8. A very fascinating book. Learnt a lot by reading it.” (from X)
by John F. Bovenzi·You?
Witness how the FDIC manages your money during financial crisesInside the FDIC tells the real stories behind bank failures and financial crises to provide a direct account of the Federal Deposit Insurance Corporation and other bank regulators. Author John Bovenzi served in senior level positions within the FDIC for over twenty years, including a decade as the Deputy to the Chairman and Chief Operating Officer. This book describes what he witnessed as the person in charge of day-to-day operations, as a nearly invisible agency grew to become a major, highly independent force impacting US financial markets. Readers will learn how the FDIC and other bank regulators use the power of the federal government, spend other people's money, and approach decision-making. This book takes readers inside the FDIC to showcase: The FDIC's emergence as a major market influenceHow ten FDIC chairmen helped shape the US financial regulatory systemInternal conflicts between the FDIC and other bank regulatory agenciesPressures and challenges presented by financial crisesSince the early 1980s, over 3,400 banks have failed. These failures weren't steady, regular, and easily predictable events; periods of tranquility were followed by turmoil, booms led to busts, and peaceful complacency often turned to sudden devastation. Inside the FDIC chronicles it all, from the perspective of a first hand witness inside the agency responsible for calming the storm.
Recommended by Sanjay Bakshi
“@SandeepParekh Amazing. Have u read his biography?Karmayogi: A Biography of E. Sreedharan? Fantastic book.” (from X)
by M S Ashokan (Author)·You?
by M S Ashokan (Author)·You?
Karmayogi is the dramatic and inspiring story of E. Sreedharan, the much-admired engineer and technocrat who won accolades for finishing the Delhi Metro project within budget and on time, in the face of severe constraints. Known for his efficiency and discipline and regarded the world over for his productivity standards, Sreedharan has, surprisingly, never spent more than the eight-hour workday in office. This fascinating book looks back on an extraordinary career full of sterling achievements-Sreedharan's years with the Railways, the building of the Kolkata Metro and the Konkan Railway, followed by the Delhi Metro, and the many metro projects he is involved with now. Translated from a bestselling biography in Malayalam, this is the uplifting story of a very private person who has become an icon of modern India because of his uncompromising work ethic.
Recommended by Sanjay Bakshi
“@patrick_oshag Welcome. And here’s an excellent book on what some of the world’s greatest minds have said on Indian spiritual thought. Great Minds on INDIA (Philosophy) https://t.co/Yoh7OrYfdV” (from X)
by Salil Gewali, Tx 77045. Prof. Murali Ahobila V 2919 Gaelic Green Street Houston·You?
by Salil Gewali, Tx 77045. Prof. Murali Ahobila V 2919 Gaelic Green Street Houston·You?
Research-based book "Great minds on INDIA", widely acclaimed as one of its kind ever published, by an eminent research scholar from Shillong, Meghalaya (India), contains the quotes/opinions of the world-renowned intellectual giants in appreciation of the ancient Indian wisdom. The outcome of an exhaustive research was first published in Xerox format in 1998. The fervent appreciation of classical knowledge and spiritual wisdom by the world-renowned rational thinkers, scientists, writers and statesmen such as Voltaire, Friedrich Hegel, J. Goethe, Arthur Schopenhauer, Albert Einstein, Ralph Emerson, Henry David Thoreau, Erwin Schrodinger, Werner Heisenberg, T. S. Eliot, Julius Oppenheimer, Mark Twain, H. G. Wells, Herman Hesse, William Butler Yeats, et al should encourage and widen the scope for further exploration into the fathomless wisdom of India. The book that has been translated into nine languages such as - Gujarati, Marathi, Telugu, Tamil, Kannada, Malayalam and Nepali is edited by a noted NASA scientist Dr AV Murali, Houston, Texas and Ms Susan Strebe of Kensington, California. Also incorporated as a textbook by several academic institutions gives a significant insight into the contribution of India in the development of the Modern science, Mathematics, Linguistic, Metallurgy, Cosmology, Astronomy, Psychology, and other areas of studies — the facts hardly find any mention and appreciation in the mainstream academic books.
Recommended by Sanjay Bakshi
“A student recommended this book by @jerryzmuller which I liked a lot. It has some great examples on perverse incentives resulting in unintended consequences from measuring stuff and making the data public. https://t.co/SfnVmhlmWO” (from X)
by Jerry Z. Muller·You?
by Jerry Z. Muller·You?
How the obsession with quantifying human performance threatens our schools, medical care, businesses, and government Today, organizations of all kinds are ruled by the belief that the path to success is quantifying human performance, publicizing the results, and dividing up the rewards based on the numbers. But in our zeal to instill the evaluation process with scientific rigor, we've gone from measuring performance to fixating on measuring itself. The result is a tyranny of metrics that threatens the quality of our lives and most important institutions. In this timely and powerful book, Jerry Muller uncovers the damage our obsession with metrics is causing―and shows how we can begin to fix the problem. Filled with examples from education, medicine, business and finance, government, the police and military, and philanthropy and foreign aid, this brief and accessible book explains why the seemingly irresistible pressure to quantify performance distorts and distracts, whether by encouraging "gaming the stats" or "teaching to the test." That's because what can and does get measured is not always worth measuring, may not be what we really want to know, and may draw effort away from the things we care about. Along the way, we learn why paying for measured performance doesn't work, why surgical scorecards may increase deaths, and much more. But metrics can be good when used as a complement to―rather than a replacement for―judgment based on personal experience, and Muller also gives examples of when metrics have been beneficial. Complete with a checklist of when and how to use metrics, The Tyranny of Metrics is an essential corrective to a rarely questioned trend that increasingly affects us all.