The World's Best Book Summaries
What exactly are financial derivatives? Why does Warren Buffett scorn derivatives? Derivatives are contracts between two parties in which one pays the other if some other financial instrument (for example, a stock or a bond) reaches a certain price, up or down. On derivatives, Warren Buffett famously said: “Derivatives are financial weapons of mass destruction.” Here’s why Warren Buffett warns against derivatives.
Are you the best version of yourself? If not, what’s stopping you? How do you shed your self-imposed limitations and become the person you want to be? To become who you want to be, you have to make positive changes in the way you feel and think on a moment-to-moment basis, and then make those new thoughts and feelings a habit. Through the power of neuroplasticity and epigenetics, these changes will become permanent and physically ingrained in you. With this in mind, here’s how to become the person you want to be.
What are leveraged buyouts? How do takeover companies profit from acquisitions financed with leverage? Leveraged buyouts were the hallmark of many notorious “corporate raiders” in the 1980s, who used them to practice so-called “hostile takeovers.” Takeover companies make fortunes with leveraged buyouts, but they carry significant social and financial costs. Keep reading to learn about leveraged buyouts, how they work, and their consequences.
Are you looking for Breaking the Habit of Being Yourself quotes by Joe Dispenza? What are some of the most noteworthy passages worth revisiting? In Breaking the Habit of Being Yourself, Joe Dispenza explains that unhappiness is the result of bad habits that make up our personality. He explains what makes us think and feel the way we do, how that affects the condition of our lives, and how to use this information to form a new, better version of ourselves. Below is a selection of passages with explanations.
How do you break through someone’s emotional walls and open their mind to what you have to say? What are the three parts of the brain? According to psychiatrist Mark Goulston, most people aren’t receptive to outside ideas unless their emotional barriers are broken down. By addressing the emotional burden of the person you’re trying to connect with, you’ll help them clear their mind of immediate stress, which will make them receptive to your ideas. Here’s how to get through someone’s emotional barriers, which is the first step to connecting with anyone.
What is Robert Greene’s seduction process? How do you let your victim’s guard down and drive them to obsession? According to Robert Greene, the aim of seduction is to bring the other person under your control—not necessarily sexually or romantically. There are four steps to it: 1) lure your target, 2) sink your hook, 3) reel in your catch, and 4) devour your prey. Here’s a look at Robert Greene’s four seduction steps and what each entails.
Do you need a financial advisor to manage your investments? Why does Warren Buffett scorn brokers and financial advisors? Many people who aren’t well-versed in finance believe they need professional advice to invest profitably. But according to Warren Buffett, financial advisors aren’t worth the money. Furthermore, advisers can give misguided financial advice because they bear none of the risks as their clients’ fortunes rise or fall. Here’s why Warren Buffett says you should steer clear of financial advisors.
What’s the best way to deal with toxic people? How can you get through to someone who only responds to toxic, negative emotions? We’ve all encountered toxic people in our lives: drama queens who blow things out of proportion, bullies who thrive on provocation, or narcissists who only look out for their best interests. Each type of toxic trait requires a different strategy, but the main thing to keep in mind is not to let their behavior rub off you. Keep reading for tips for dealing with toxic people.
What is Robert Greene’s The Art of Seduction about? What is the key message to take away from the book? In his book The Art of Seduction, Robert Greene offers insight into the psychology of attraction and provides a template for how to successfully entice lovers or devoted followers. According to Greene, we all want the power to seduce, whether we admit it or not. Below is a brief overview of The Art of Seduction by Robert Greene.
Are you a good listener? Or do you, like most people, listen to respond instead of to understand? Listening is one of the most important yet overlooked communication skills you can develop. Most people aren’t very good at listening because they listen with the intention to respond, not to understand. Keep reading to learn about the major psychological barriers to listening well, according to psychiatrist Mark Goulston.