Episode · Invest Like the Best · 2020-02-25

Patrick O'Shaughnessy & Niko Canner: books mentioned on Invest Like the Best #157

Niko Canner – Become a Perfect Instrument - [Invest Like the Best, EP.157]

4 books · With Niko Canner · Listen

Niko Canner is the founder of Incandescent where he and his team help the leaders of large companies in the areas of strategy and innovation. He was also the founder of Katzenbach Partners and a member of Bridgewater’s management committee.

Niko Canner recommended The Millionaire Real Estate Agent by Gary Keller, and discussed The Lean Startup by Eric Ries, Built to Last by Jim Collins and others, and A Theory for Practice by Bill Hubbard (Jr.) and others.

Books mentioned, in the order they came up

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  1. The Lean Startup

    Eric Ries · at 19:22

    The Lean Startup by Eric Ries is a foundational business text that introduces a methodology focused on validated learning, rapid experimentation, and minimum viable products to help entrepreneurs build successful companies.

    Discussed
    “Part of what I like about Lean Startup, even if it only focuses on one aspect of the craft of entrepreneurship, is that it's made a lot of founders much clearer about product market fit as a kind of breakpoint.”
    Where to get it
  2. The Millionaire Real Estate Agent

    Gary Keller · at 27:59

    The Millionaire Real Estate Agent by Gary Keller is a practical business manual that outlines actionable strategies and operational frameworks for scaling a real estate enterprise.

    Recommended
    “So I think nobody who knows me well would expect that I would have read a book called Millionaire Real Estate Agent more than once. I certainly do not have an aspiration to become a real estate agent and it's like exactly the kind of business book title that people would not expect an intellectual to read. But it is”
    Where to get it
  3. Built to Last

    Jim Collins; Jerry I. Porras · at 43:56

    Built to Last by Jim Collins and Jerry I. Porras is a landmark business management book that investigates what makes visionary companies endure through decades of changing markets.

    Discussed
    “And Jim Collins writes about, in his passage on BHAGS and built to last, Boeing's development of the 737. And there is a spec. This is a plane that needs to hold this many people, this seating configuration, able to land on this runway at LaGuardia Airport.”
    Where to get it
  4. A Theory for Practice

    Bill Hubbard (Jr.); Bill Hubbard · at 46:45

    Discussed
    “Bill Hubbard is an architect and an architectural theorist, and he wrote a book with the unappealing title, A Theory for Practice. Who knows what that would be about, but I'm the kind of person who would read a book like that.”
    Where to get it
Other mentions in this episode (2) — ad reads, self-promotion and passing references, never counted
Passing Originals
“Well, I mean, a lot of people have written and thought about Bridgewater, like I think Adam Grant's commentary in the originals book is really useful.”
Passing The Odyssey
“And the sponsor can, I think of it as like in the odyssey, sailing between Scylla and Charybdis. On the one side, the sponsor wants to avoid micromanagement, which may be the only person to have attempted a technical definition of micromanagement in the Harvard Business Review.”