100 Books Like The Doubt Factory

One of the risks that the Compliance Officers oversee is the risk of money laundering; depending on how it is managed, it is possible to minimize reputational risk. This book helped me pinpoint precisely the necessary elements that must be included in a compliance plan to achieve strong corporate responsibility and compliance culture. By having those controls in place, money laundering and even any other white-crime risk are minimized and, incidentally, reputational risk. If you apply this, the company you work for it's going to be protected, and your boss is going to be happy, a win-win for everyone!

I worked at Arthur Andersen, and I was selected to be among the few teams that started to understand, learn, and apply risk assessments or business risk management methodology. In this book, I came across these concepts again, which are vital to identifying where the risk of money laundering and any other crime may occur. In addition, this book also includes useful information to be considered in the compliance program and how fraud and corruption are related to money laundering. It's a book that provides solid knowledge.

There is a partial myth, eagerly promoted by corporate interests and their lawyers, that federal prosecutors are frighteningly all-powerful and basically cannot be defeated. The veteran financial and legal reporter Eichenwald knows otherwise. The Informant, in contrast to the almost farcical (if enjoyable!) Stephen Soderbergh movie based on the book, lays out a textbook case of how prosecutors can blow an important case due to infighting, problems with unreliable informants, and clever high-priced defense lawyering that exploits every error that less-than-superb prosecutors might make. Here we have a tale of CEO-level officials at major global corporations caught on videotape flagrantly conspiring to violate antitrust laws and, in the end, almost no one ends up in prison. Eichenwald details the countless blunders by many Justice Department lawyers spread across several offices, and the clever maneuvering throughout by crack corporate defenders. He too, by the way, paints a fascinating portrait of… show more.

Published in 2001, The Constant Gardener is my favorite le Carre Novel. A British diplomat in Nairobi, Justin Quayle, is informed his activist wife, Tess has been killed in a remote part of Kenya along with a doctor friend. As Quayle investigates her life (in a similar way to Eric Ambler unfolds Dimitrios’s life), he uncovers her work exposing large pharmaceutical companies’ unethical experiments in the poorest regions of Africa. This leads to her brutal death and cover-up at a diplomatic and political level. It is an exceptional book that makes you rethink how medicine and the industry behind it operates. After the collapse of the USSR, le Carre seemed to struggle with his work, The Constant Gardener though, kick-started another two decades of great writing from him.

At this point in the reading list, hopefully, you’re feeling more grounded in your climate grief and energized to fight for what’s left of the natural world. A Spy in the Struggle is a fast-paced novel about activism at the intersection of racial and environmental justice. Yolanda Vance is a ruthless, capitalist FBI agent who infiltrates a Black activist group organizing against a biotech corporation that’s poisoning their neighborhood. 

By making the protagonist start off as an enemy of the climate movement, De León demonstrates the kinds of experiences and messaging that can win over new allies. This book also centers the Black communities that are doing some of the most critical organizing against environmental racism in the U.S. and reveals the interconnectedness between police brutality, racial capitalism, and the climate crisis. In most cities in the U.S., you’ll find communities of color organizing against environmental racism, and I hope… show more.

I’m fascinated by the possibilities presented by post-nation futures. Infomocracy looks at a future where ‘centenals’—groups of 100,000 people without historic nationalist borders—elect an international corporate-affiliated body to govern the world.

High-stakes political intrigue fuels the biggest election in a century as multiple factions battle it out to seize power through the vehicle of futuristic democracy. To me, the highlight of this novel is its exploration of democracy—it’s peppered with paradoxical and intense arguments that are rewarding to engage with, and enhance the richness of its world. 

What does environmental racism look like? Read How Beautiful We Were by Imobolo Mbue for a vital, searing answer. An American oil company is destroying the land and water of the fictional village of Kosawa. Children are dying. The company does this because they can, spouting only empty words about restitution. The novel narrates the village’s fight back, using alternating points of view to electric, pulsing effect.

Aside from valuing businesses for investment purposes, I am a practitioner of the valuation of private (or “closely held”) businesses. In my profession of business valuation, the late Shannon Pratt is widely recognized as one of the leading gurus, not least because of the six editions of Valuing a Business. I recommend this book here because, if one can master even a few of the rigorous business valuation methods detailed in this book, that will elevate one’s value investing skills tremendously. The previous books all set the stage and offer enough practical advice for one to progress from beginner to intermediate but, for those eager to master business valuation and, therefore, the determination of intrinsic value, Valuing a Business would be the next logical step. 

It is the best reference guide on Valuations.

Includes a chapter on forecasting performance which is closely related to my book. It’s mainly focused on Discounted Cash Flow valuation adapted for many including banks, high-growth, cyclical companies, Emerging Markets, etc).

There exists also a version that gives access to the Excel spreadsheet that one can use to model future financial performance of companies and value them.

Warren Buffet, the famous investor, is also revered as a master communicator. His annual Letters to Berkshire Hathaway Shareholders are models of clear, transparent writing. They are the best showcases I know for the impact of presenting difficult material in “plain English.” Buffet makes financial information accessible and even interesting to the layperson with an unassuming colloquial tone, humor, anecdotes, and language based on the concrete short words of natural speech. He always delivers substance, even acknowledging his own poor decisions.

The enviable result: he generates trust, the critical ingredient of persuasion. I love introducing students to Buffet’s writing and seeing them analyze what works so well. The letters are available online, but this book usefully collects them along with other Buffet writings and commentary.