by Robert E. Rubin ‧ RELEASE DATE: May 16, 2023
With intellectual heft and plenty of actionable items, this is a smart prescription for better thinking.
A sometimes repetitive but generally useful manual on introducing cost-benefit analysis to decision-making.
“We need an effective intellectual framework for thinking about thinking—an approach to the world that acknowledges complexity and uncertainty but can nonetheless help us make the best possible decisions,” writes Rubin, a former Treasury secretary and Goldman Sachs executive. There’s a lot packed into that suggestion, for acknowledging that complexity and uncertainty involves introducing risk analysis into decisions of import, which entails probabilistic thinking (What are the chances this is going to fail?), which involves the old economists’ trick of cost-benefit analysis, which circles back to risk. One does all this, Rubin counsels, by means of a yellow legal pad, a metaphor for any means of listing possible outcomes for reckoning honestly with key questions: “How do you make judgments about the probabilities? How do you consider trade-offs when priorities conflict? And how do you deal with potential scenarios that can’t be expressed in numerical terms?” Rubin is a qualitative thinker, but he admits that some qualitative assessment boils down simply to gut reactions. Though he belabors certain points, he makes subtle arguments about the dangers of, for instance, assuming that low risk means no risk and the desirability of leaders who care less about whether they’re popular than whether they make their best effort to get things right. In that regard, he branches out to leadership style, notably Bill Clinton’s, who was inclined to make decisions while taking a wide range of opinions that weren’t necessarily weighted toward the seniority of the person offering them. That approach relies on “embracing human complexity: recognizing and engaging with the inherent strengths, weaknesses, and motivations of individuals, and then working to give them the best chance to succeed.” And never skip the important step of asking “foundational questions.”
With intellectual heft and plenty of actionable items, this is a smart prescription for better thinking.Pub Date: May 16, 2023
ISBN: 9780593491393
Page Count: 336
Publisher: Penguin Press
Review Posted Online: March 10, 2023
Kirkus Reviews Issue: April 1, 2023
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New York Times Bestseller
by Barry Diller ‧ RELEASE DATE: May 20, 2025
Highly instructive for would-be tycoons, with plenty of entertaining interludes.
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New York Times Bestseller
Well-crafted memoir by the noted media mogul.
Diller’s home life as a youngster was anything but happy; as he writes early on, “The household I grew up in was perfectly dysfunctional.” His mother lived in her own world, his father was knee-deep in business deals, his brother was a heroin addict, and he tried to play by all the rules in order to allay “my fear of the consequences from my incipient homosexuality.” Somehow he fell into the orbit of show business figures like Lew Wasserman (“I was once arrested for joy-riding in Mrs. Wasserman’s Bentley”) and decided that Hollywood offered the right kind of escape. Starting in the proverbial mailroom, he worked his way up to be a junior talent agent, then scrambled up the ladder to become a high-up executive at ABC, head of Paramount and Fox, and an internet pioneer who invested in Match.com and took over a revitalized Ticketmaster. None of that ascent was easy, and Diller documents several key failures along the way, including boardroom betrayals (“What a monumental dope I’d been. They’d taken over the company—in a merger I’d created—with venality and duplicity”) and strategic missteps. It’s no news that the corporate world is rife with misbehavior, but the better part of Diller’s book is his dish on the players: He meets Jack Nicholson at the William Morris Agency, “wandering through the halls, looking for anyone who’d pay attention to him”; hangs out with Warren Beatty, ever on the make; mispronounces Barbra Streisand’s name (“her glare at me as she walked out would have fried a fish”); learns a remedy for prostatitis from Katharine Hepburn (“My father was an expert urological surgeon, and I know what I’m doing”); and much more in one of the better show-biz memoirs to appear in recent years.
Highly instructive for would-be tycoons, with plenty of entertaining interludes.Pub Date: May 20, 2025
ISBN: 9780593317877
Page Count: 352
Publisher: Simon & Schuster
Review Posted Online: May 12, 2025
Kirkus Reviews Issue: June 15, 2025
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SEEN & HEARD
SEEN & HEARD
by Ezra Klein & Derek Thompson ‧ RELEASE DATE: March 18, 2025
Cogent, well-timed ideas for meeting today’s biggest challenges.
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New York Times Bestseller
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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