Summer is nearly here and that’s means sand, surf, sun and a pile of books with which to relax.
And one bank has offered to assist its wealthy clients, at least with the book part. For the past 15 years, J.P. Morgan has been putting together a reading list of 10 books specifically chosen to appeal to the tastes and preoccupations of the wealthy. The list has ranged through the years from Malcolm Gladwell’s “Tipping Point” to a Middle Eastern cook book.
J.P. Morgan’s Private Bank initially started the list as a way for to keep in touch with clients over the summer, said Darin Oduyoye, who crafted the idea and also heads up communications for J.P. Morgan’s Asset Management division.
Getting on the 10-book list isn’t easy. This year employees from J.P. Morgan Asset Management offices around the world submitted 568 titles that were reviewed by a 16-person committee, Mr. Oduyoye said. That’s grown from 115 recommendations from J.P. Morgan private bankers when the list first came out in 2000, he said.
Over the years, Jamie Dimon, J.P. Morgan’s chief executive and chairman, and Mary Erdoes, CEO of J.P. Morgan Asset Management, have contributed their own picks, Mr. Oduyoye said.
Here’s this year’s list:
Art & Place: Site-Specific Art of the Americas, by Editors of Phaidon
Thrive: The Third Metric to Redefining Success and Creating a Life of Well-Being, Wisdom, and Wonder, by Arianna Huffington
Talk Like TED: The 9 Public-Speaking Secrets of the World’s Top Minds, by Carmine Gallo
The Metropolitan Revolution: How Cities and Metros Are Fixing Our Broken Politics and Fragile Economy, by Bruce Katz and Jennifer Bradley.
The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies, by Erik Brynjolfsson and Andrew McAfee
Things a Little Bird Told Me: Confessions of the Creative Mind, by Biz Stone
The Future of the Mind: The Scientific Quest to Understand, Enhance, and Empower the Mind, by Michio Kaku
Olives, Lemons & Za’atar: The Best Middle Eastern Home Cooking, by Rawia Bishara
An Astronaut’s Guide to Life on Earth: What Going to Space Taught Me About Ingenuity, Determination, and Being Prepared for Anything, by Col. Chris Hadfield
The Billionaire and the Mechanic: How Larry Ellison and a Car Mechanic Teamed Up to Win Sailing’s Greatest Race, the America’s Cup, by Julian Guthrie
And for comparison here’s the inaugural list from 2000:
The Pursuit of Wealth: The Incredible Story of Money Throughout the Ages by Robert Sobel
The Essays of Warren Buffett: Lessons for Corporate America by Lawrence Cunningham
Security Analysis (Classic 1934 Edition) by Benjamin Graham and David Dodd
Rich Dad, Poor Dad by Robert Kiyosaki and Sharon Lechter
The Cluetrain Manifesto by Rick Levine, Christopher Locke, Doc Searls and David Weinberger
The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail by Clayton Christensen
Faster by James Gleick
The Silicon Boys and Their Valley Dreams, by David Kaplan
The Tipping Point: How Little Things Can Make a Big Difference, by Malcolm Gladwell
Patient Number One, by Rick Murdock
My recommendation of a book for Jamie Dimon to read and re-read is Lincoln on Leadership by Donald T. Phillips because he knows nothing about being a leader. Oh and go back and re-read Rich Dad, Poor Dad, Jamie, because you are not in the B, S, and I quadrants!:
- E: Employee – Working for someone else.
- S: Self-employed or Small business owner – Where a person owns his own job and is his own boss.
- B: Business owner – A person who owns a business to make money; typically where the owner’s physical presence is not required.
- I: Investor – Investing money in order to receive a larger income in the future.