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Re:Best books recommended by 80 profitable founders by paulluuk on Friday November 11, 2022 @08:36AM (#33560642)
Just want to point out that lists like these do suffer from <https://en.wikipedia.org/wiki/Survivorship_bias>.

Also: it's quite possible that luck and generational wealth is a huge factor to whether or not you become profitable, in which case their book recommendations may or may not be useful.

And finally: did these founders read these books _before_ they became profitable, or afterwards? As the website says: "a few [succesful founders] weren't into reading books at all"

Re:Best books recommended by 80 profitable founders by rroot on Friday November 11, 2022 @08:41AM (#33560685)
A brilliant XKCD for survivorship bias: https://m.xkcd.com/1827/
Re:Best books recommended by 80 profitable founders by kkoncevicius on Friday November 11, 2022 @08:50AM (#33560778)
Survivorship bias - yes; but I think it's still better than getting recommendations about books and productivity systems from people who do nothing but peddle advice.
Re:Best books recommended by 80 profitable founders by cinntaile on Friday November 11, 2022 @08:59AM (#33560859)
This is a false dichotomy. And it is also not clear that these books had any effect on the company outcome.
Re:Best books recommended by 80 profitable founders by wyem on Friday November 11, 2022 @09:23AM (#33561119)
No. If you see the quotes of the founders in the same article, a few have clearly discussed how the books had an impact on their business strategy. This is what I truly found insightful.
Re:Best books recommended by 80 profitable founders by readthenotes1 on Friday November 11, 2022 @12:05PM (#33563393)
Given the apparent lack of consistency (no book suggested by more than 3/100), the results seem pretty random. Not sure you wouldn't have done as well asking the advice peddlers for recommendations of other author's books.
Re:Best books recommended by 80 profitable founders by upen946 on Friday November 11, 2022 @09:14AM (#33561004)
Yeah, that's the core point.
Re:Best books recommended by 80 profitable founders by arvidkahl on Friday November 11, 2022 @08:53AM (#33560808)
This is something I wondered about too, and always do when looking at recommendations, particularly by single individuals.

What I like about this list in particular is that it clearly admits that reading these books by far does not guarantee anything. After all, they're recommendations.

However, having read almost all of these books before and during my own entrepreneurial journey, I positively noticed the absence of many fluffy "self-help" types that usually get recommended for new founders (the Napoleon Hill kinds of monstrosities).

This suggests that filtering who's recommendations to follow was a good idea.

That suggests that no matter how much survivorship bias is in the books themselves, the act of recommending them indicates that the founder who read the book AND built a successful business found SOMETHING valuable in the work that they deem worth reading.

Re:Best books recommended by 80 profitable founders by upen946 on Friday November 11, 2022 @08:55AM (#33560831)
This is so true. Irrespective of whether the founder read the book before or after building the business, this still makes sense to see a recommendation from a successful founder.
Re:Best books recommended by 80 profitable founders by wyem on Friday November 11, 2022 @09:08AM (#33560939)
Yeah, definitely. A few really good recommendations are actually in the quotes by the founders in the same article.
Re:Best books recommended by 80 profitable founders by blowski on Friday November 11, 2022 @08:55AM (#33560826)
Indeed. You'd view recommendations from Sam Bankman-Fried differently today compared to 3 months ago.
Re:Best books recommended by 80 profitable founders by eterevsky on Friday November 11, 2022 @08:58AM (#33560852)
Yeah, in this light, it would be interesting to see the books that were recommended by the successful founders, but not recommended by unsuccessful ones.
Re:Best books recommended by 80 profitable founders by upen946 on Friday November 11, 2022 @09:15AM (#33561020)
Well, the interviews are from successful founders only for now.
Re:Best books recommended by 80 profitable founders by 6502nerdface on Friday November 11, 2022 @09:12AM (#33560986)
What they should really do is collect book recommendations from ALL founders right when they start up (make it a required field in the incorporation paperwork, lol), then after N years, group them into the recommendations by failed founders and the recommendations by successful founders, and use a Chi-square test or something to select the most significant differences between the two sets of recommendations.
Re:Best books recommended by 80 profitable founders by upen946 on Friday November 11, 2022 @09:13AM (#33560999)
Hope you are kidding with this statement :)
Re:Best books recommended by 80 profitable founders by thaw13579 on Friday November 11, 2022 @09:36AM (#33561285)
It seems like an impractical but useful thought experiment, which I think makes a good point about why these lists should be taken with a grain of salt. To take things further, we could improve the experiment by randomly assigning books to founders when they start! HN folks are quick to point out when many scientific results as “correlation not causation”, and this isn’t any different, in my opinion.
Re:Best books recommended by 80 profitable founders by 6502nerdface on Friday November 11, 2022 @09:16AM (#33561034)
Yes :). I'm just saying that it could theoretically be done properly in a way that addresses GP's criticisms, but it would be impractical.
Re:Best books recommended by 80 profitable founders by readthenotes1 on Friday November 11, 2022 @12:07PM (#33563424)
If only there was an organization with access to a bunch of founders just before they start up with OPM...
Re:Best books recommended by 80 profitable founders by yrgulation on Friday November 11, 2022 @09:14AM (#33561006)
> Just want to point out that lists like these do suffer from <https://en.wikipedia.org/wiki/Survivorship_bias>.

Worse. These books are like porn. They are not real but a mimic the real act. No one I know and is rich can thank their success to reading these types of books. It's like people living to 100 when asked what helped them live that long and they come up with all sorts of made up reasons.

Re:Best books recommended by 80 profitable founders by wyem on Friday November 11, 2022 @09:52AM (#33561500)
Well, a few of the founders have clearly mentioned how their business has been influenced by their recommended book. It depends on the book. And of course reading alone doesn't make anyone successful. A good book is like having a mentor.
Re:Best books recommended by 80 profitable founders by yrgulation on Friday November 11, 2022 @10:11AM (#33561757)
Helps with sales. I would endorse books for a fee as well.
Re:Best books recommended by 80 profitable founders by chiefalchemist on Friday November 11, 2022 @10:25AM (#33561941)
Reading is the closest thing we have to a Vulcan mindmeld. In terms of transfer it's faster than listing and watching.

It's like having multiple mentors.

Re:Best books recommended by 80 profitable founders by flonkyflonk on Friday November 11, 2022 @09:25AM (#33561152)
My immediate thought was a more useful list would be “Books recommended by repeatedly profitable founders”.
Re:Best books recommended by 80 profitable founders by wyem on Friday November 11, 2022 @09:39AM (#33561328)
If you read the interviews, you'll find some of the founders are actually 'repeatedly profitable'!
Re:Best books recommended by 80 profitable founders by DebtDeflation on Friday November 11, 2022 @10:19AM (#33561863)
This is a good HBR article on the topic, "Stop Reading Lists of Things Successful People Do":

https://hbr.org/2017/03/stop-reading-lists-of-things-success...

Most analyses show unsuccessful business people do all of the exact same things that successful business people do, at least when it comes to the sorts of things you find in these books.

Re:Best books recommended by 80 profitable founders by kamaal on Friday November 11, 2022 @10:55AM (#33562371)
If you have the same routine as Mike Tyson, you are definitely guaranteed to not win the world boxing championship. But you can be sure it will make you very fit, healthy and a decent boxer along the way.

You might not become the next Jeff Bezos and that is ok. Being the millionaire next door is good enough for most people.

Besides nothing bad ever happened to anybody when they read more books, got more disciplined, did more exercise, eat healthy, took more proactive action and whatever it takes to improve their lives. Even the worst case scenario leaves you in a better state than where you started.

Re:Best books recommended by 80 profitable founders by pydry on Friday November 11, 2022 @11:36AM (#33562939)
Elizabeth Holmes wore black turtlenecks, gave engaging speeches, was massively paranoid about secrecy and promised more than had currently been delivered. She slightly missed becoming Steve Jobs or a millionaire next door.
Re:Best books recommended by 80 profitable founders by whatshisface on Friday November 11, 2022 @12:45PM (#33564012)
That's probably a bad example because she did succeed in replicating the part of Steve Jobs that really came from him, which was the ability to enthrall people with whatever was said, like some kind of guru.
Re:Best books recommended by 80 profitable founders by throwaway98797 on Friday November 11, 2022 @11:49AM (#33563170)
context matters

the guys who’s 5’5 should adapt different routine to become good then someone who’s 6’5.

in business the key is to find how your talents can be used best by you.

lastly, reading the wrong books is wasting time and time is all we got. it is akin to murder.

Re:Best books recommended by 80 profitable founders by pempem on Friday November 11, 2022 @09:39PM (#33569435)
Its difficult to read the 'wrong' book, but its definitely easy to waste time reading lists you may never be able to recite, leverage, or even remember you read.
Re:Best books recommended by 80 profitable founders by n4r9 on Friday November 11, 2022 @12:16PM (#33563560)
One key difference:

If everyone exercised more and ate more healthily, then everyone's physical condition would improve (apologies for being slightly ableist here).

However, if everyone read more books and took more initiative in the workplace, the market would adapt so that not everyone would benefit from it. Businesses would simply adjust downwards how much they pay for a given competency.

Re:Best books recommended by 80 profitable founders by SQueeeeeL on Friday November 11, 2022 @12:46PM (#33564025)
I feel like that's missing the point of reading books (and honestly seems like a very non-founder mentality). Reading books should be primarily for personal benefit, understanding more of the world, having a stronger grasp on how to communicate your ideas, showing more empathy for others. These really aren't directly marketable towards compensation (at least, not in the same way as a textbook), it's about being a better person.

Honestly if everyone had more of these traits, there'd probably be a lot more small businesses and fewer dejected corporate employees who feel there's no hope for the future but to grind up the ladder.

Re:Best books recommended by 80 profitable founders by n4r9 on Friday November 11, 2022 @02:15PM (#33565349)
Yes, true, I glossed over those benefits of reading more.

I guess my conjecture is that whatever advice you give people to "succeed in business", the monetary rewards for following it will be drastically different if 5% of people follow it vs 95%.

My hunch is that markets adjust to whatever the baseline level of competency is, and I don't see how that's different if there's a lot more small businesses. To succeed in fitness and health you must compete with yourself; to succeed in business you must compete with others.

Re:Best books recommended by 80 profitable founders by kamaal on Friday November 11, 2022 @10:54PM (#33569796)
The comments on this thread are an indication that only a few would be doing it, its because what it is, 'you have to be doing it'. It requires doing work. Most people are imagining a magic pill approach to self help stuff.

In all my reading of self help books, the advice comes along as obvious common sense stuff, except that stuff didn't come naturally to me. First time I read the GTD book from David Allen, all of it did feel revolutionary. After a few weeks it felt so obvious, it was left scratching my head. Why wasn't doing this before? Eat that frog was somewhat similar. If you have finite hours to do a thing, why would you spend it on doing work that wasn't very rewarding to you. Stuff like ruthlessly prioritising your interests above everything else, is pure 'common sense', but rarely do people do this.

Recently books like Atomic Habits have shown many people, stuff like exercise, or cooking a healthy meal should be a life habit in itself. You are better off developing a life long habit of doing a certain set of things that are a long term pay off.

Another book I read a while back, said something very obvious. Like You are 100% responsible for your life. Regardless of whether you wish to take control or not, you are in total ownership of anything situation. You can chose to not take control and act, but you are indeed in control.

This really puts the ownership of time, resources and even the future under your total control, and on a second look, this indeed seems to be the case. Except that when I actually came to realise I definitely think and act more proactively to put life interests above everything else.

As a general rule, I only have positive things to say about some of this advice.

Re:Best books recommended by 80 profitable founders by tl_donson on Saturday November 12, 2022 @07:35AM (#33572456)
if everyone read more books, took career development seriously, etc i do agree that some qualities or skills would lose a bit of market value, but the overall take that no one would be better off seems like way too much if a zero sum perspective.

i think a higher standard of professional competency in general would benefit everyone, and i can’t imagine some sort of equilibrium of skillsets in the labour market where there would be no opportunity to set yourself apart in your field.

Re:Best books recommended by 80 profitable founders by skeeter2020 on Friday November 11, 2022 @12:15PM (#33563542)
Intuitively it seems that duplicating superficial things like which books you read would have very low value and be a big distraction. Some of the core activities probably help, but then all the factors outside your control likely dictate the final outcome. So things like work hard, help people and cultivate relationships are likely valuable but no guarantee
Re:Best books recommended by 80 profitable founders by gcanyon on Friday November 11, 2022 @01:17PM (#33564516)
It could be that the "things successful people do" are necessary but not sufficient. It's good to know that "Most analyses show unsuccessful business people do all of the exact same things" but it would be more interesting to know if there are successful business people who don't do those things (most) successful people do.
Re:Best books recommended by 80 profitable founders by chiefalchemist on Friday November 11, 2022 @10:22AM (#33561906)
Good point. And frankly, we can't even be sure they read the books, or at the very least what they took away from them.

Don't get me wrong. I love such lists and am constantly on the hunt for new reading matetial. But there are flaws in these lists that are worth being aware of.