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DS News August 2018

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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8 GOOD READS EXPAND YOUR SKILLS, GAIN INSIGHT, AND GET INSPIRED WITH THESE TOP PICKS. Blue Ocean Shift: Beyond Competing— Proven Steps to Inspire Confidence and Seize New Growth By W. Chan Kim and Renée Mauborgne With a combination of insights from human psychology, alongside practical market-creating tools and real-world guidance, authors W. Chan Kim and Renée Mauborgne show readers how to move beyond competing, inspire confidence, and seize new growth in this step-by- step guide. Learn how to take your organization from a 'red ocean' crowded with competition to a 'blue ocean' of uncontested market space. Blue Ocean Shift is packed with research and examples of how leaders in diverse industries and organizations made the shift and created new markets by applying these processes and tools. Whether you are a cash-strapped startup or a large, established company, nonprofit, or national government, Blue Ocean Shift aims to show you the way to builds your people's confidence so that they own and drive the process. Learn what works, what doesn't, and how to avoid the pitfalls along the way, and empower yourself to succeed as you embark on your own 'blue ocean' journey. The Wisdom of Finance: Discovering Humanity in the World of Risk and Return By Mihir A. Desai e world of finance can be inaccessible and unyielding to outsiders, and isolating to those operating within the institution. Harvard Business School professor Mihir A. Desai takes up the cause of restoring humanity to finance with e Wisdom of Finance: Discovering Humanity in the World of Risk and Return. In this book, Desai draws upon a rich knowledge of literature, film, history, and philosophy to explain finance's inner workings. rough this approach, Desai combines finance and the humanities, and creates unusual and illuminating pairings: Jane Austen and Anthony Trollope as guides to risk management; Jeff Koons becomes an advocate of leverage; Mel Brooks' e Producers teaches readers about fiduciary responsibility. According to Desai, the principles of finance also provide answers to critical questions in our lives, such as bankruptcy teaching us how to react to failure, the lessons of mergers and their application to marriages, and the Capital Asset Pricing Model demonstrating the true value of relationships. Black Edge By Sheelah Kolhatkar Steven Cohen was a Wall Street legend who built his hedge fund into a $15 billion empire and owns one of the largest private art collections in the world. But when his fund became the target of a wide-reaching FBI investigation into insider trading, Cohen was charged with using illegal inside information—or 'black edge'—to beat the market. His firm, SAC Capital, was ultimately indicted and pled guilty to charges of securities and wire fraud, and paid record criminal and civil fines of nearly $2 billion. But even as the company he led pled guilty, Cohen himself was never charged and was free to start trading publicly again in January 2018. Author Sheelah Kolhatkar uses in-depth reporting and powerful storytelling in this true-life legal thriller, taking readers inside the U.S. government's pursuit of Cohen and his employees, and raises urgent questions about the power and wealth of those who sit at the pinnacle of the financial world. Creating Business Magic: How the Power of Magic Can Inspire, Innovate, and Revolutionize Your Business By David Morey, Eugene Burger, and John E. McLaughlin "You may think you know what magic is. Abracadabra, hocus-pocus. Forget about it. Magic? Magic is what human beings do. It's just that some do it a lot better than others," begins the preface of Creating Business Magic: How the Power of Magic Can Inspire, Innovate, and Revolutionize Your Business, by David Morey, Eugene Burger, and John E. McLaughlin Within this book, the authors take the concept of 'Magic,' a mythic, unattainable source of persistent wonder, and create a unique system that applies the intricacies into key lessons that can and should be applied to a wide variety of business endeavors. e book takes nine strategies of the world's greatest magicians and adapts their lessons to inspire boundless imagination, bolster innovation, energize leadership, and spark success in any business. "At the core of Creating Business Magic is the belief that imagination can make magicians of us all."

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