Updates

  1. Person pages list letters, writing, profiles and links as sortable tables with filters, and show each person's companies as links; Fund letters show each letter's description in its own column.
  2. Experts show a checked job title and a short description of each person; 30 more people have photographs.
  3. Every company, fund, university and publication the experts work for has a page listing the people there.
  4. Fund letters show each letter's thesis and filter by it; 225 person pages list the essays, columns and newsletter issues the person wrote.
  5. Person pages list every essay and newsletter issue a person wrote, and their own books as a table in List view.
  6. Recommends shows the five largest kinds of book and the rest under More; browse pictures load sooner.
  7. Podcasts and talks link the original episode, filter by Audio and video or Press, and list each publisher once.
  8. Pages are wider, Recommends has List and Grid, and a filter clicked again turns off.
  9. Book cards sit in a ruled grid with Open Library and Goodreads links and each book's one-line note.
  10. Funds is now Investors; each investor's styles are buttons that filter the table.
  11. Podcasts and talks on a person's page filter by year and publisher and show as a list or a grid of pictures.
  12. Quotes show only people's own words: 472 summaries written by list sites are gone.
  13. Country pages open from Browse again, and every link on the shelf lands on a page.
  14. Subject and person pages show their sections as tabs, and each book appears once on a person's page.
  15. Book cards show the quote, who said it and the source; grids show five cards to a row.
  16. On a phone, a menu holds the sections, search, Updates, Feedback and dark mode.
  17. Feedback takes a screenshot of the page with no browser prompt, opens a screenshot full size when you click it, and clears itself once sent.
  18. Book cards are centred, search names the topic each book sits in, and any text cut short shows whole on hover.
  19. Search groups its results by kind: people, companies, geographies, subjects, topics, books, funds, fund letters and papers.
  20. The Books table lists who recommended each book by name, and the browser tab names the section you are in.
  21. Feedback can take a screenshot of the page, or one you paste or choose, and opens in the corner beside Updates.
  22. Each rail button reopens its section where you left it, and Browse, Table and People show on every book and subject page.
  23. Filters grey out choices that hold nothing instead of hiding them, and Books › People filters by authors or recommenders.
  24. Feedback takes a subject line and up to three screenshots.
  25. Biographies are grouped by the person they are about: 41 new pages, from Abraham Lincoln to Lee Kuan Yew.
  26. Sport splits into 23 sports, and Religion into one topic per faith.
  27. Book lists show as cards: the cover, one recommendation quote and every recommender by name.
  28. Seventeen subjects that had two or three pages under different names now have one page each.
  29. Every page lists its Experts as authors and recommenders, with a link to them on the Experts tab.
  30. Economics, Financial history, Financial panics and Accounting are subjects of their own, with one page per financial crisis.
  31. Book, person and subject pages open inside the app, so the tabs stay in view.
  32. 996 more book covers, and photographs or logos for 227 more people and companies.
  33. Books › Browse shows every subject as cards, and the rail holds Fund letters, Papers, Experts, Books and Funds.
  34. Every topic over 150 books splits into narrower topics, each with a page of its own.

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Management Accounting and Unit Economics

The numbers a manager uses to run the business rather than the ones an investor uses to judge it: what a unit actually costs, where profit is really made, and why the standard cost system usually points the wrong way. The investor's counterpart is Accounting and Financial Statement Analysis, under investment themes.

Start here

  1. The GoalEliyahu M. Goldratt, Jeff Cox, 1984
  2. Financial IntelligenceKaren Berman, Joe Knight, 2006
  3. Lean AnalyticsAlistair Croll, Benjamin Yoskovitz, 2013
  4. Relevance Lost: The Rise and Fall of Management AccountingH. Thomas Johnson, Robert S. Kaplan, 1987
Eliyahu M. Goldratt, Jeff Cox · 1984

A plant manager learns that a system's output is set by its bottleneck.

H. Thomas Johnson, Robert S. Kaplan · 1987

How cost accounting served managers until financial reporting took it over.

Robert S. Kaplan, David P. Norton · 1996

Measure a firm on finance, customers, internal processes, and learning and growth.

Recommended by: Mohnish Pabrai

Eric Ries · 2011

Build, measure, learn: test what customers want with small experiments.

Charles T. Horngren, Srikant M. Datar, Madhav Rajan · 1962

The standard cost accounting text, built around costs that serve managers' decisions.

H. Thomas Johnson · 1992

Johnson's follow-up, arguing against the ABC fix he helped start.

Robert S. Kaplan, Robin Cooper · 1998

How to design cost systems, from activity-based costing to performance measures.

Jeremy Hope, Robin Fraser · 2003

Why the annual budget harms firms, and how some run without one.

Karen Berman, Joe Knight · 2006

How non-financial managers can read income statements, balance sheets and cash flow.

Recommended by: Nat Eliason

Robert S. Kaplan, Steven R. Anderson · 2007

The simplified successor to ABC, after ABC proved too costly to run.

Alistair Croll, Benjamin Yoskovitz · 2013

Which metric actually governs each business-model type.

John Doerr · 2017

Objectives and key results, the goal system Grove built at Intel and Google adopted.

Bob Fifer · 1994

Cost discipline handbook widely used by buyout and turnaround operators

Thomas Corbett · 1998

Goldratt's theory of constraints turned into an accounting method.

Brian H. Maskell, Bruce Baggaley · 2003

Why standard costing hinders lean factories, and value-stream costing instead.

Greg Crabtree, Beverly Herzog · 2011

Owner-operator economics: labour efficiency and the four keys.

Recommended by: Nat Eliason

Mark Jeffery · 2010

Fifteen metrics that show which marketing spending works and which does not.

Recommended by: Mohnish Pabrai, Jeff Bezos

Mike Michalowicz · 2014

Cash discipline for small businesses; a system, not an accounting theory.

More accounting