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DS News December 2019

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

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10 GOOD READS EXPAND YOUR SKILLS, GAIN INSIGHT, AND GET INSPIRED WITH THESE TOP PICKS. The Third Pillar by Raghuram Rajan Raghuram Rajan 's "third pillar" refers to the community we live in, and in his book, Rajan—a University of Chicago professor, former IMF chief economist, head of India's central bank, and author of the 2010 FT- Goldman-Sachs Book of the Year, Fault Lines—discusses why all economics are socioeconomics. e ird Pillar dives into how three forces—the state, markets, and our communities—interact, why things begin to break down, and how we can find our way back to a more secure and stable plane. As Amazon puts it, "Economists all too often understand their field as the relationship between markets and the state, and they leave squishy social issues for other people. at's not just myopic, Rajan argues; it's dangerous." Loonshots by Safi Bahcall In Loonshots, Safi Bahcall identifies the small shifts in structure that control transitions, the same way that temperature controls the change from water to ice. Using examples that range from the spread of fires in forests to the hunt for terrorists online, as well as stories of thieves and geniuses and kings, Bahcall shows how "phase science" helps us understand the behavior of companies, distilling these insights into lessons for creatives, entrepreneurs, and visionaries everywhere. "is book has everything: new ideas, bold insights, entertaining history, and convincing analysis. Not to be missed by anyone who wants to understand how ideas change the world," Nobel laureate Daniel Kahneman said. Firefighting: The Financial Crisis and Its Lessons by Ben Bernanke, Timothy Geithner, and Henry Paulson Written by a former Fed chief and two former treasury secretaries, Firefighting: e Financial Crisis and Its Lessons reflects on the lessons of the 2008 financial crisis, 10 years on. Firefighting provides to their successors in the United States and the finance ministers and central bank governors of other countries a playbook for reducing the damage from future financial crises. Bernanke, Geithner, and Paulson give readers a candid account of the choices they and their teams made during the crisis, working under two presidents and with the leaders of Congress, exploring the causes of these historical events, why they were so damaging, and what it ultimately took to prevent a second Great Depression. Range by David Epstein In writing Range, David Epstein examined the world's most successful athletes, artists, musicians, inventors, forecasters, and scientists. He discovered that in most fields—especially those that are complex and unpredictable— generalists, not specialists, are primed to excel. Generalists often find their path late, and they typically juggle many interests rather than focusing on one. ey're also more creative, more agile, and are able to make connections their more specialized peers can't see. Epstein offers up a defense of generalists in a world that celebrates the specialist.

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