October 15, 2008

News & Opinion: Financial Times and Goldman Sachs Business Book of the Year

By: 800-CEO-READ @ 7:06 PM – Filed under: Management & Workplace Culture

The Financial Times and Goldman Sachs Business Book of the Year was announced last night at a Gala Dinner in New York, and congratulations are in order for Mr. Mohamed El-Erian. He has won the prize for his book When Markets Collide: Investment Strategies for the Age of Global Economic Change. Editor of the Financial Times, Lionel Barber, said of the book:

When Markets Collide brings together the world of modern finance and macro-economics. It is lucid and prescient in its diagnosis of the present financial turmoil and offers important prescriptions for the way forward. A worthy fourth winner for our annual book prize.
Chairman and Chief Executive Officer of Goldman Sachs, Lloyd C Blankfein, said:
Mohamed El-Erian provides invaluable context for the global financial crisis and does so in an extremely accessible and compelling way. When Markets Collide deserves to be this year's winner.
El-Erian beat out a strong shortlist this year, including:
  • A Splendid Exchange: How Trade Shaped the World by William J. Bernstein, April 2008, Atlantic Monthly Press
  • Cold Steel: The Multi-billion-dollar Battle for a Global Industry by Tim Bouquet & Byron Ousey, Little Brown Book Group UK (not yet available in the US)
  • McMafia: A Journey Through the Global Criminal Underworld by Misha Glenny, April 2008, Knopf
  • Remix: Making Art and Commerce Thrive in the Hybrid Economy by Lawrence Lessig, April 2008, The Penguin Press
  • The Snowball: Warren Buffett and the Business of Life by Alice Schroeder, September 2008, Bantam
  • 2007's winner was The Last Tycoons: The Secret History of Lazard Freres & Co. by William D. Cohan, which we recognized as the top industry book of the year in our first annual awards. The winner in 2006 was China Shakes the World: A Titan's Rise and Troubled Future--And the Challenge for America by James Kynge. You can find Jack's review of that book here. Thomas Friedman's The World is Flat won the very first award in 2006.