Instructor's manual to accompany managing by communication: An organizational approach

Book Description

`To sustain global leadership, we continually dig both deeper and wider for new sources of knowledge within and beyond Nestl to simultaneously secure product and process innovation. This requires a truly learning organization with entrepreneurial managers who embrace mobility to move from hierarchy to a plasma-type organization and thereby secure seamless innovation. Sigvald Harryson provides an excellent concept to describe why and how we do this in practice.'

- Rupert Gasser, Executive Vice President Corporate Technical Production and R&D, Nestl SA, Switzerland

`In today's global economy, knowledge is the most important source of the sustainable competitive advantage for firms. Sigvald Harryson's Managing Know-Who Based Companies provides both a framework and cases of multinational firms to shed new light on the difficult issues in knowledge management. Highly inspiring and enjoyable, I would recommend this book to CEOs and managers who are trying to lead their firms to survive in this knowledge-based economy.'

- Ikujiro Nonaka, Hitotsubashi University, Japan

`In this second edition, Sigvald cross-fertilises his groundbreaking academic research with a full update of focussed case-studies on Western companies moving from know-how to know-who. It is a pleasure to invite practitioners and academics alike to read this refreshing and thought-provoking book.'

- From the foreword by Peter Lorange, International Institute for Managment Development, Lausanne, Switzerland

In this fully revised and updated second edition of the widely acclaimed first volume, Sigvald Harryson provides powerful evidence as to how the most successful innovators are distinguished by their ability to synergistically link external and internal knowledge networks.

Based on extensive research with leading global innovators along with ten years of experience in management of knowledge and technology for accelerated innovation, Managing Know-Who Based Companies provides practical guidance regarding how to manage these networks. Important theoretical arguments that advance our thinking about managing knowledge for innovation are also presented. The author studies how individuals and teams who possess the required active empathy and relationship-building skills to function as human knowledge bridges across various centers of excellence, functions and teams - the `know-who' - are central to successful innovation in the global value networks of today's business environment.

This book is recommended reading for CEOs of multinational companies who wish to make better use of the value networks in which they live and do business. It will also be of significant value to CTOs, CKOs and Human Resource Managers interested in new ways to turning both hard technologies and soft human brainpower within and beyond the corporate borders into faster and more powerful innovation.

Book Description

Teaching English Abroad is the definitive and acclaimed guide to short and long-term opportunities around the world for both trained and untrained teachers in the booming field of teaching English as a foreign language. Opportunities exist from Bordeaux to Bogota, Paris to Patras, the Mediterranean to the South China Seas and the UK to the USA. Essential background information includes a section on training as an EFL teacher including a directory of more than 350 TEFL courses lasting from a weekend to three years, advice on the preparations to make, and on how to cope with any problems that may arise. Invaluable information on finding a job covers recruitment organizations, useful websites, setting up as a freelance teacher, and finding jobs on the spot. Includes a country guide covering more than 70 countries where EFL is a major industry with information on the prospects for qualified and unqualified teachers, red tape, conditions of employment etc., and with over 1,500 language school addresses to contact for jobs.

Customer Reviews:

WHAT A JOKE........2006-12-29

In Part II, on page 344, in the section on Middle East, under the heading Saudi Arabia, Philip Dray is quoted:

"I decided against Saudi Arabia. The money was most appealing, but I could not think myself into a situation where there was no nightlife, limited conact with women and no culture or history. A year may seem short when you say it fast, but you could get very depressed in a situation like that. Money is nearly everything but it can't buy you peace of mind. So I opted for a job at a school for boys in the U.A.E. which, from the description, sounds sociable, inviting and accessible."

Griffith elaborates on Dray's quote above, "After Philip's arrival at the Oasis Residence in Dubai, he was well pleased with his decision, since living conditions in his luxury apartment complex complete with pool, steam room, squash court and gym, were just as lavish as he would have been given in Saudi. High salaries can also be earned in the United Arab Emirates."

That is all the author has to say about the U.A.E. She goes into great detail describing how to get a job in Saudi Arabia and many other countries, while warning that you'll probably hate it. She has a separate section for each such country. Then she says under the Saudi Arabia section that the best option is definitely the U.A.E. And yet she made no section for it, and gave no contacts, as she did with the others.

That is not a funny joke played on the earnest reader.

Also, the author agrees with another source I have concerning Poland. Griffith says on page 293, first sentence under the section on Poland, "Prospects for English teachers in Poland, western Poland in particular, remain MORE PROMISING THAN ALMOST ANYWHERE ELSE IN THE WORLD."

However, she does not mention how much a teacher can save per month on average (as she does with most other countries). And from the looks of the numbers that ARE quoted, it doesn't seem like you could save anything, compared with the $1000 to $1500 per month you could save in the Middle East or Japan, or the $1000 you could save in Korea, etc.

The author does give some seemingly useful tips, but it's difficult to trust the author who gives you all the information you could ever want on the countries you'd never want to visit, and none of the info you really want on the countries you want to visit.

By the way, I am an American, but I have no gripe against the book being geared toward Brits, and I hardly think it could be more useful to either. The author does a fine job making it accessible to anyone with half a brain.

Not bad, but heavy.......2005-12-20

This book has some good information, but it's like carrying a phone book, and a lot of the info is addresses. There's too much stuff here. A good guidebook for teaching overseas is 'The World is a Class'. Everything written is to the point, and it's a lot easier to carry.

Not only for Brits!.......2002-11-06

I always recommend this book to people who tell me they are thinking of getting into teaching English as a foreign language. I think it provides a fabulous overview of the industry, and the pros and cons of teaching abroad. The book helped me to narrow down what was most important to me in an overseas teaching position. I found the personal anecdotes to be illuminating, and they were one of many factors that eventually steered me away from teaching in Asia or the Middle East. ...

Although the book does have a slant towards a British audience, this book is NOT only useful to Brits. I am an American, and it helped me to get my first job teaching in Europe. It also helped me decide where to get my TESL certificate. I sent away for more information from many of the TESL certification schools listed in this book, and eventually decided to do a Trinity College certification course in London rather than an equally expensive but non-Trinity, non-Cambridge course in the US. I have never regretted this decision for a minute, and in fact it led to an excellent job with excellent perks in Bratislava, Slovakia. (Yes, like most of us unlucky Americans, I eventually had to face reality and give up the dream of working in an EU country!)

It is true that Griffith could spend more time focusing on job opportunities in non-EU countries, especially Latin America. Hence, only 4 stars out of 5. However, this book is an excellent starting point for those considering teaching English abroad. Naturally, no single book can cover all bases. It goes without saying that your experiences in a foreign country will be as unique as you are, and may differ wildly from the teachers quoted in the book. But for my money, this is the best introduction to teaching abroad in one single publication. Read and enjoy, and if you end up in a scrape in some dicey teaching position abroad, don't say that Susan didn't warn you!

Teaching English Abroad.......2001-10-29

Clearly set out

Up to date contacts

Crisp, clear writing

Excellent for getting a job teaching english abroad!

Unrealistic and Inaccurate in Many Cases.......2001-05-15

I read this book on the recommendation of a friend who lived abroad. Unfortunately, it did not apply in most cases to the 20 countries in which I traveled and tried to find work, not only because I'm American and this book is aimed at UK natives, but because of the brevity of info offered.

Americans and Canadians have a more difficult time finding work simply because of EU citizenship requirements, though it is also true that English taught with an American accent is more desirable. The latter, however, does not mean Americans will be better paid or even employed.

Many times, schools fill positions with natives who studied English abroad, even if their command of the language is quite poor. British natives are often preferred over Canadians or Americans simply because they have no work or residence permit issues if you're in the EU. Americans, at best, can find tutoring jobs through placing an ad in local newspapers (and it helps to write the ad in the local language to attract students) and will not be paid as well...in fact, half the rate in many cases of a native speaking substandard English.

In the majority of cases, some previous teaching experience, credentials and certificates are required in order to be considered for a position. In addition, some knowledge of the local language is extremely useful, often required. This book does not stress this. Standards have changed in the world, and those wishing to find a job simply because they know how to speak English is not enough. Buying and reading this book, however helpful it is in small ways, is also not enough.

As with anything, there are exceptions to the rule. My best friend from California was placed in Poland, well-paid and provided housing for 2 years without any experience, certification or previous interview; last year he taught in Turkey during his vacation under nearly the same conditions. Another woman who contacted me for advice found a job in Romania quite easily and is having a great time. Sometimes it's about connections, sometimes about luck.

If you're American, Teaching English Overseas by Jeff Mohamed is more relevant. Then, take a TEFL course, get a copy of Living Abroad Magazine, check the availability of jobs in local papers of the country(ies) you choose and have an agency place you keeping your options flexible to the many beautiful countries worldwide (South America, Asia, Africa, Eastern Europe). That's more practical and realistic.

Customer Reviews:

Most useful information omitted.......2007-02-26

This book is fine for people who have never heard of a 529 plan. However, for people who would like to compare 529 plans in order to choose the best investment vehicle for college savings will be sadly disappointed. The book offers a checklist of questions to ask about state 529 plans, yet, in the description of each plan, none of these questions are answered. This requires that you look up or contact each plan individually in order to get these questions answered such as whether the plan allows rollovers, if the plan is IRS qualified and if the plan accepts contributions from non-owners, etc. Also, most people comparing 529 plans would like some general idea of how popular each fund is and how well it has been perfomring recently. The author could have easily summarized this information generally for each plan but chose not to, again, leaving it to the reader to research each plan individually. I would not recommend this book. The information given about each 529 state plan is almost identical across states and, again, information that would distinguish each plan from another is omitted.

Excellent overview of strategies/options for saving for college (not just 529 plans).......2007-02-01

This book clarified several doubts, myths and misconceptions about 529 plans. I was concerned that the book only discussed 529 plans (because of the subtitle), but even though 529 plans are the main topic covered, it also talks about other options (UGMA/UTMA accounts, Coverdell ESAs, etc.) compares and contrasts them.

The book is clearly written and explains financial and tax details of 529 plans at a level most readers will easily understand. You should buy the latest edition (2007) as it contains the most updated information. For instance it mentions about the pension bill that extended the tax-free account withdrawals for 529s beyond 2010.

I was also very happy about the detailed chapter on tax benefits. It mentions several unique features of some plans, for instance the fact that if you are a resident of the state of Pennsylvania, you can now deduct contributions (up to $12,000) to any 529 plan from your state income tax.

About a third of the book has an overview of 529 plans offered by each state, while useful, this information is also available in the companion [...], which also happens to be an excellent resource. In my wish list for this book I would include access to the premium content on the companion website.

Best Way to Save for College............2007-01-18

Has some great ideas for 529 plans. Take home message: it's not hard to get started, and get started NOW if you've not already! I wanted to get a better idea of 529s, as we've had Upromise for quite a while now. Good State-by-State analysis.

The Best Way to Save for College: A Complete Guide to 529 Plans, 2005 (Best Way to Save for College)

Average customer rating:

Very Useful Book
The best book ever written about saving for college!
A fantastic summary of 529 plans
Terrific guide to a new way to save for college.

The Best Way to Save for College: A Complete Guide to 529 Plans, 2005 (Best Way to Save for College)
Joseph F. Hurley
Manufacturer: Savingforcollege.com LLC
ProductGroup: Book
Binding: Paperback

Introduction | Investing | Business & Investing | Subjects | Books

Management | Management & Leadership | Business & Investing | Subjects | Books

Budgeting & Money Management | Personal Finance | Business & Investing | Subjects | Books

Financial Planning | Personal Finance | Business & Investing | Subjects | Books

General | Personal Finance | Business & Investing | Subjects | Books

College & Education Costs | Personal Finance | Business & Investing | Subjects | Books

General | Reference | Business & Investing | Subjects | Books

College Guides | Education | Reference | Subjects | Books

ASIN: 0974297755

Book Description

College savings plans, 529 Plans, Qualified state tuition programs, QSTPs, Prepaid tuition contracts, Educational savings accounts. They go by many names, but they all represent the same thing: a REVOLUTION in the way families with children are investing for the future.

What other type of program allows you to invest over $100,000 in a professionally-managed tax-deferred account for each child without regard to age or income level? Where else does your state offer significant benefits for investing, including tax deductions, income exemption, and even scholarship money. What other mechanism allows estates by hundreds of thousands of dollars without gift tax, and without giving up control of the assets?

The answer is that no other IRS-approved program provides the combination of benefits that a Section 529 state-sponsored college savings plan does. Investing for future college expenses will never be the same again. And forget what you may have heard about these plans. You are not limited to the plan in your own state, and you do not have to send your child to an in-state college. You can even set up an account for yourself!

In THE BEST WAY TO SAVE FOR COLLEGE - A Complete Guide to Section 529 Plans, Joseph F. Hurley, CPA describes how 529 Plans work: the tax rules, planning strategies, impact on college financial aid. He compares them to other alternatives such as the Education IRA, savings bonds, and mutual funds. And he describes each state's plan, including its best and worst features. The various state plans are not created equal. Learn which ones to use and which ones to stay away from.

You've heard about them. Now it's time to learn about them. Whether you are a professional planner, a college financial aid officer, or a careful investor, you need to have all the facts.

Customer Reviews:

Very Useful Book.......2001-09-02

No doubt, a very useful guide to methods of financing a college education. Also check out "WEST POINT", by Norman Thomas Remick, which clues you in about West Point, the college at which everyone is there on full scholarship paid by the government.

The best book ever written about saving for college!.......1999-11-18

This book unlocks the secrets of saving for college like the 401k plan did for saving for retirement. A real must for all families to understand. Makes a great present.

A fantastic summary of 529 plans.......1999-07-08

This book should be read by anyone planning to send a child to college.After reading this book, I started college savings accounts for my daughterin New York and New Hampshire. This is definitely the "sleeper" tax break which everyone should know about. Forget the pitiful Education IRA. The 529 plans are where it's at!!

Terrific guide to a new way to save for college........1999-06-05

Highly recommended. This is the first comprehensive analysis that I've seen of an extremely important and relatively new way to save on a tax-deferred basis for your children's or grandchildren's college expenses. It's well-written, comprehensive, and objective, and it gave me enough data to make an informed decision. Before I opened the book, I had researched New York's plan through another source; I was delighted to see the discussion in this book present all of the plan's features (pro and con) that I had discovered--and more.

Book Description

They go by many names, but they all represent the same thing: a REVOLUTION in the way families with children are investing for the future.

In THE BEST WAY TO SAVE FOR COLLEGE - A Complete Guide to 529 Plans, Joseph F. Hurley CPA describes how 529 Plans work: the tax rules, planning strategies, impact on college financial aid. He compares them to other alternatives such as the Coverdell education savings accounts, savings bonds, and mutual funds. And he describes the features of each state's plan. The various state plans are not created equal. Learn which ones are best for you!

You've heard about them. Now it's time to learn about them. Whether you are a professional planner, a college financial aid officer, or a careful investor, you need to have all the facts.

Customer Reviews:

This guy is the master.......2003-02-23

If you are planning to open a 529, you need to get this book. I found it well worth the price, and after using it was comfortable with opening a 529, and which one to use. He also has a great website at savingforcollege.com

Comprehensive and reader-friendly guide to 529 plans.......2002-10-11

Saving for their children's higher education is a daunting task for most American families. State-sponsored savings programs referred to as "529 plans" provide Federal (and often State) tax advantages to many savers, but parents need to evaluate all the options. Furthermore, a burgeoning array of 529 plans makes the decision of how to save for college more confusing than ever. Enter author Joseph Hurley, who presents all the key issues in deciding whether and how to choose a 529 account in a straightforward, reasonably easy-to-read style. He lets you know what questions to ask, and then provides the answers when possible.

The first section of the book provides an explanation of 529 plans, including their history and benefits; an overview of how they work and what to look for in a 529 plan; comparison with other means of saving for higher education; and income tax, financial aid, and estate planning issues. The second section of the book provides a description of each state's plans, using a common format that answers the most basic of his "what to look for in a 529 plan" checklist. Contacts to get further information from each state are also included.

Much of this information is available on the author's excellent "saving for college" web site. This book will be most helpful to you if you want to learn a lot about 529 plans without scrolling through screen after screen of information (i.e., if you'd rather curl up with a book than stare at a screen). For looking up specific bits of information, the web site may be all you need.

Best Way to Save for College 529 Plans.......2002-04-24

A very comprehensive look at saving vehicles for college
education for your children or grandkids. Well written
and a very balanced discussion of the adv/disadv of each
type of investment consideration to include the 529s for
various States but also Roth IRAs, Saving Bonds, etc.

The author's web site is also of much value.

Average customer rating:
The Best Way to Save for College (A Complete Guide to Section 529 Plans.)
CPA Joseph F Hurley
ProductGroup: Book
Binding: Paperback
ASIN: B000TULLHW

Average customer rating:
The Best Way to Save for College: A Complete Guide to 529 Plans, 2005
Joseph F. Hurley
Manufacturer: Harpercollins
ProductGroup: Book
Binding: Paperback
ASIN: B000O96J3E

Average customer rating:
The Best Way to Save for College (A Complete Guide to Section 529 Plans.)
CPA Joseph F Hurley
ProductGroup: Book
Binding: Paperback
ASIN: B000TUECNW

Average customer rating:

A sort of one-man Enron

SLK trade

Surprisingly unsophisticated

this guy is unbelievable

Good story, but not particularly "vindicating."

Rogue Trader: How I Brought Down Barings Bank and Shook the Financial World
Nick Leeson , and Edward Whitley
Manufacturer: Little Brown and Company
ProductGroup: Book
Binding: Hardcover

Company Profiles | Biography & History | Business & Investing | Subjects | Books
General | Business & Investing | Subjects | Books
True Crime | True Accounts | Nonfiction | Subjects | Books
General | England | Europe | History | Subjects | Books
Similar Items:

Rogue Trader

Liar's Poker: Rising Through the Wreckage on Wall Street

Fiasco: The Inside Story of a Wall Street Trader

Total Risk: Nick Leeson and the Fall of Barings Bank

Ugly Americans : The True Story of the Ivy League Cowboys Who Raided the Asian Markets for Millions

ASIN: 0316518565

Amazon.com

How could one trader bring down the banking empire that had funded the Napoleonic Wars? This is the story of Nick Leeson, the young gambler who found himself sucked into a terrifying spiral of loss. Disingenuous but nevertheless compelling, this is a portrait of Leeson -- the working-class boy who lived high, at least for a while, in an upper-class world -- and of Barings, banker to the English peerage, but also of the organized chaos that is the Singaporean money market.

Customer Reviews:

A sort of one-man Enron.......2007-07-08

Nick Leeson was a sort of one-man Enron. He apparently was making unbelievable profits, but it was all fake.

The theme of his confessional book is that he should not have been able to get away with it as long as he did. That's true.

But there is another theme, which he does not quite seem to get. His bosses were rotten managers, willing to overlook his absurd coverup as long as he seemed to be generating huge profits for Barings Bank. But Leeson himself was a rotten manager.

He may have been a good arbitrageur trader. It is difficult to know how accurate his account is. But he continually managed himself into jams.

The first was, comparatively, trivial. A 20,000 pound trading error. It might have cost him and perhaps his staff their jobs -- although that would not necessarily have been a wise management decision by Barings -- so he covered it up. By exceeding his remit, he "traded out" of that error. Later, according to him, he repeated the trick on a much bigger scale -- 6 million pounds.

At that point, he should have asked himself: Am I really able to do this job? But that is not the sort of question gamblers ask of themselves.

And make no mistake. This is not about business. Leeson, based in Singapore, traded the difference between the prices in Singapore and Osaka of Japanese government bonds and the Nikkei stock index futures.

The futures trading was pure gambling, even if done by the rules. There is no business need for a stock index futures board. It is exactly like fan-tan -- except that nowhere could you put down a $50 million bet in fan-tan.

Leeson tells his story beautifully (helped by co-author Edward Whitley), and he attempts to make it beautiful by repeatedly asserting his love for his wife. She, however, comes across as a cipher.

Leeson would also like us to think that he has gained insight into his criminality. This seems doubtful.
When he was very far into his finagling, he writes, "I wasn't sure whether I'd committed an actual crime."

Much later, after he was trying to get himself into an English prison (the only really amusing section of the book), his lawyer comments that the only people who lost money were some bondholders. This is simply bizarre. And if Leeson feels any regret for having cost the jobs of many hundreds or thousands of honest, low level workers, he shows no sign. He is, rather, gleeful at having brought shame and ruin to his superiors.

They may have deserved a lot of that -- although being foolish is not a crime, and taking someone's else money is. That's a distinction Leeson seems not to get.

So, you are now asking yourself, what does this mean to me? Leeson has served his time and is out of prison.

Well, if George Bush has his way, your retirement nest egg is going to be tied to a stock index fund. You might want to think about that in the context of "Rogue Trader."

SLK trade.......2004-11-24

one question comes up in my mind after reading the book. The OTC trade that leeson did with Spear, Leeds and Kellogg. If Simon Jones(or anybody) was just a litlle bit confused, why dident somebody just make contact with SLK? Then they would have know right away that there was no trade with SLK. Just making this call would have been very simple and would have uncover the true posititon.
The fact that Coopers and lybrand,an independed auditor, dident discover the losses is strange. But well acomplished deception by Leeson was probably the explanation (and fraud).

Surprisingly unsophisticated.......2003-10-28

Somehow Nick Leeson ended up with the reputation as some kind of whiz kid but reading this book you get a different sense. The derivatives Mr. Leeson was trading do not seem particularly sophisticated (don't compare this to LTCM). But you wouldn't learn much about them from this book. I got the sense that Mr. Leeson was grappling with very basic financial questions. As a consequence, the book tends to be repetitive in a description of losses getting out of control and the soap opera building around that. You also have a nagging feeling that you never get the full story. However, the book is interesting where it describes the complete breakdown of financial and management controls.

this guy is unbelievable.......2002-11-11

The author appears to be one of the most character-challenged individuals of all-time, a major piece of work. By accumulating incredible unauthorized trading losses of around one billion dollars, he single-handedly brought down one of the oldest banking institutions in England, and left countless people without jobs and investments worth millions. What is absolutely amazing is the fact that while he never denies the fraud he committed, throughout the book he seems intent on blaming his superiors for their inability to discover his losses. While it is true that his superiors were so enamored of the fictitious gains his unit was reporting that they didn't want to ask hard questions, it is Mr. Leeson who is responsible for the wreckage. He never expresses any remorse whatsoever for the damage he inflicted. He was greatly perturbed because he couldn't serve his prison sentence in England, instead being returned to Singapore.

Without the proper education or pedigree, Leeson somehow managed to be promoted from a settlement clerk to running the Barings Singapore futures operation. Apparently his idea of having fun is to get plastered and moon some flight attendants in a bar, for which he was arrested by the Singapore authorities. Certainly he knew how strict laws are in Singapore, and he could have served a year in jail. It seems back in England, he hung out at pubs with friends who would unzip their pants and place their private members in the hands of unsuspecting females.

The book is of some interest to traders, because Leeson commits every cardinal sin in trading. He had no business ever setting foot near a trading floor. His biggest error was his complete inability to cut his losses, the most fundamental requirement for successful trading. He averages down or "doubles up" his positions when they are moving against him, another critical mistake. He constantly "hopes" the market will move back in his direction, and attempts to move the entire market by taking huge positions. While it is possible to move a market temporarily if one is trading large enough positions, the market will always continue on its established trend. The author continually engages in this futile strategy, at one point losing 60 million dollars in one day trying to change the direction of the market.

Finally, the book is not a terribly interesting read, in that a significant portion of it is repetitious detailing of how he conceals his mounting losses to his superiors through the use of "creative accounting". Perhaps that is why the book is now out of print. The one thing that he does care about is his wife, who at the time of publication of the book was still standing by him. If she has any good sense, she would drop him like a bad habit.

Good story, but not particularly "vindicating.".......2001-06-24

I guess, in order to create some overarching conflict, and keep the story from looking like one long apology, Leeson had to dwell on the issue of management controls. This, however, would only seem a sound line of inquiry if he could actually prove the controls would have any value, absent his own activities (and questionable character).

An organization as (historically) successful as Barings had been, particularly in an industry as competitive as merchant banking, will dispense a significant amount of discretion to mid-level managers in-order to facilitate innovation and risk-taking, two activities paramount to success in merchant-banking.

Therefore, Leeson can't possibly have been alone in enjoying his level of localized discretion, at that or any other time in Barings' history, though HE ALONE misused it to such catastrophic results. Perhaps, then, the question is not should we check better on our employees' actions, but should we even hire employees that we aren't 100% sure could effectively utilize our level of discretion?

While Leeson apparently acted in order to retain his leadership position, he effectively revealed his inability to lead by:

1) Creating a culture, within his office, of sloppiness and irresponsibility. (By allowing employees to utilize the 88888 account, rather than condition them, either by reprimand or more aggressive training, against making so many mistakes.)

2) Mistaking his superiors' TRUST of his own abilities for "aloofness," and thereby failing to properly utilize (rather than ABUSE) that trust.

3) Never, ever, ever owning up to his mistakes, or actually devising long-term solutions to his problems (like, say, never using the 88888 account after the first two times he cleared the balances, or simply not putting his OWN trading errors in the account.) ------ All this having been said, however, Leeson's account of his activities, and his flare for storytelling (or his co-author's, duh) make this a sufficiently enjoyable read.

Aspiring traders in particular should probably read this story just in order to get a grasp of some trading concepts, as well as a general account of life as a trader (albeit a dishonest and irrational one such as Leeson).

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