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THE ENTREPRENEUR'S SECRET TO CREATING WEALTH

HOW THE SMARTEST BUSINESS OWNERS BUILD THEIR FORTUNES

Useful if buying a building; highlights address the broader topic of contemporary entrepreneurship.

A revealing if overlong guide to helping small business owners grow their wealth.

Hurn’s book states that small business owners are better off if they own the commercial property in which they do business. Although purchasing commercial property is frequently prohibitively expensive for fledgling businesses, there is a little-known loan program from the Federal Small Business Administration—the SBA 504 loan—that can provide small business owners with advantageous financing. Author Hurn, who left a job at GE Capital to found a business that helps entrepreneurs finance the acquisition of commercial property, proves to be an engaging advocate, although he occasionally sounds like an infomercial for his company. After explaining his fascinating background in business and politics, Hurn argues for owning over renting, offers advice on finding the right property and the right commercial broker, and then gives tips for successfully applying for an appropriate loan. Each chapter closes with an engaging Q-and-A with a businessperson (and Hurn client) who discusses life as an entrepreneur, as well as the experience of purchasing commercial property. Although there are a number of useful technical points here, making the case for property ownership and putting a spotlight on SBA 504 loans doesn’t require a manuscript of this length, and the book feels drawn out and repetitious. For a casual reader, the meat is in the Q-and-As, where Hurn paints a portrait of contemporary entrepreneurship, as well as in the details of his own business career, which convincingly captures the excitement of a life in finance. Overall, Hurn’s engaging mix of clarity, enthusiasm and nuts-and-bolts humility mark him as an author to watch in the finance genre.

Useful if buying a building; highlights address the broader topic of contemporary entrepreneurship.

Pub Date: Oct. 1, 2012

ISBN: 978-1599323152

Page Count: 280

Publisher: Advantage Media Group

Review Posted Online: Nov. 9, 2012

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ABUNDANCE

Cogent, well-timed ideas for meeting today’s biggest challenges.

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Helping liberals get out of their own way.

Klein, a New York Times columnist, and Thompson, an Atlantic staffer, lean to the left, but they aren’t interrogating the usual suspects. Aware that many conservatives have no interest in their opinions, the authors target their own side’s “pathologies.” Why do red states greenlight the kind of renewable energy projects that often languish in blue states? Why does liberal California have the nation’s most severe homelessness and housing affordability crises? One big reason: Liberal leadership has ensnared itself in a web of well-intentioned yet often onerous “goals, standards, and rules.” This “procedural kludge,” partially shaped by lawyers who pioneered a “democracy by lawsuit” strategy in the 1960s, threatens to stymie key breakthroughs. Consider the anti-pollution laws passed after World War II. In the decades since, homeowners’ groups in liberal locales have cited such statutes in lawsuits meant to stop new affordable housing. Today, these laws “block the clean energy projects” required to tackle climate change. Nuclear energy is “inarguably safer” than the fossil fuel variety, but because Washington doesn’t always “properly weigh risk,” it almost never builds new reactors. Meanwhile, technologies that may cure disease or slash the carbon footprint of cement production benefit from government support, but too often the grant process “rewards caution and punishes outsider thinking.” The authors call this style of governing “everything-bagel liberalism,” so named because of its many government mandates. Instead, they envision “a politics of abundance” that would remake travel, work, and health. This won’t happen without “changing the processes that make building and inventing so hard.” It’s time, then, to scrutinize everything from municipal zoning regulations to the paperwork requirements for scientists getting federal funding. The authors’ debut as a duo is very smart and eminently useful.

Cogent, well-timed ideas for meeting today’s biggest challenges.

Pub Date: March 18, 2025

ISBN: 9781668023488

Page Count: 320

Publisher: Avid Reader Press

Review Posted Online: Jan. 16, 2025

Kirkus Reviews Issue: Feb. 15, 2025

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THINKING, FAST AND SLOW

Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our...

A psychologist and Nobel Prize winner summarizes and synthesizes the recent decades of research on intuition and systematic thinking.

The author of several scholarly texts, Kahneman (Emeritus Psychology and Public Affairs/Princeton Univ.) now offers general readers not just the findings of psychological research but also a better understanding of how research questions arise and how scholars systematically frame and answer them. He begins with the distinction between System 1 and System 2 mental operations, the former referring to quick, automatic thought, the latter to more effortful, overt thinking. We rely heavily, writes, on System 1, resorting to the higher-energy System 2 only when we need or want to. Kahneman continually refers to System 2 as “lazy”: We don’t want to think rigorously about something. The author then explores the nuances of our two-system minds, showing how they perform in various situations. Psychological experiments have repeatedly revealed that our intuitions are generally wrong, that our assessments are based on biases and that our System 1 hates doubt and despises ambiguity. Kahneman largely avoids jargon; when he does use some (“heuristics,” for example), he argues that such terms really ought to join our everyday vocabulary. He reviews many fundamental concepts in psychology and statistics (regression to the mean, the narrative fallacy, the optimistic bias), showing how they relate to his overall concerns about how we think and why we make the decisions that we do. Some of the later chapters (dealing with risk-taking and statistics and probabilities) are denser than others (some readers may resent such demands on System 2!), but the passages that deal with the economic and political implications of the research are gripping.

Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our minds.

Pub Date: Nov. 1, 2011

ISBN: 978-0-374-27563-1

Page Count: 512

Publisher: Farrar, Straus and Giroux

Review Posted Online: Sept. 3, 2011

Kirkus Reviews Issue: Sept. 15, 2011

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