The World's Best Book Summaries
How many companies should you invest in? How long should you hold on to stocks? Is it possible to over-diversify? Famed mutual fund manager Peter Lynch spent decades successfully managing the Magellan Fund at Fidelity. He learned that anyone can be a successful investor if they put in the hard work and choose and manage stocks in the right way. Read more to get four tips from Lynch on how to manage a stock portfolio successfully.
What does it take to convince you of something? How in touch are you with what it takes to persuade the people around you? Influencing language expert Shelle Rose Charvet contends that everyone has a persuasion style. She identifies four persuasion styles and provides advice on how you can detect a person’s style and communicate with them in a way that hits the mark. She also addresses the amount of evidence people require. Read more to understand Charvet’s arguments and to get some analysis on both persuasion styles and requirements.
How well does your team function? Is it hitting on all cylinders, or does it need a tuneup (or even an overhaul)? “Teamwork” is one of the most common buzzwords in the modern business world. But, what does it actually mean, and how do you foster it? In Overcoming the Five Dysfunctions of a Team, Patrick Lencioni answers those questions and teaches you how to turn a group of individuals into a true team. Continue reading for an overview of this book that every manager should read.
What’s “passive investing”? Do you want to make money in the stock market without managing a portfolio or paying someone else to do it? In Beating the Street, famed mutual fund manager Peter Lynch says anyone can succeed in the stock market if they make the right choices and put in the hard work. But, he also offers an option for people who’d rather stay away from active portfolio management. Continue reading to learn about the benefits of index funds.
Would you like to be more effective at convincing people to believe or do certain things? Are you a leader who struggles to get your team members on board? In Words That Change Minds, communication and influencing language expert Shelle Rose Charvet identifies eight Productivity Patterns. She says that these patterns explain how an individual does their best work after they’ve decided to solve a problem. Keep reading to learn several persuasive language techniques that take these Productivity Patterns into account.
Is your team unified? What role does communication play in getting people to buy into team decisions? In his business fable The Five Dysfunctions of a Team, Patrick Lencioni identifies a lack of commitment as the third dysfunction. In his follow-up book, Overcoming the Five Dysfunctions of a Team, he shares ways you can break through this challenge. Read more to learn Lencioni’s advice for getting each member of your team wholeheartedly on the same page.
What should you consider when selecting stocks to invest in? How can you keep each investment from being a shot in the dark? Famed mutual fund manager Peter Lynch lauds the advantages of stocks over bonds. In his book Beating the Street, he shares suggestions for constructing a successful stock portfolio that’s more likely to perform well over the long haul. Continue reading for Lynch’s advice on how to select stocks for long-term investment.
What do you know about Malcolm X? How did he rise to leadership? What legacy did he leave? The Autobiography of Malcolm X as Told to Alex Haley explains how Malcolm X rose from a life of poverty and crime to become a significant leader in the civil rights movement. It provides insights into his fascinating life and explores how his beliefs changed over time. Continue reading for an overview of The Autobiography of Malcolm X.
Do individual investors have a chance on Wall Street? What are the safest types of investments in the long term? In Beating the Street, Peter Lynch explores how ordinary investors can outperform the market—and the pricey Wall Street fund managers who assemble stock portfolios. He says that the key is hard work, diligence, and persistence in picking the right stocks to build a winning portfolio. Continue reading for an overview of Beating the Street by famed mutual fund manager Peter Lynch.
Who was Malcolm X’s mother? What role did she play in his life? What can her life teach us today? Though she looked white, Louise Little was a multiracial woman who was married to a Black man in the first half of the 20th century. Malcolm X writes about how his mother endured the tragic death of her husband, struggled to find work during the Great Depression, and ultimately lost access to her children. Read more to learn about the life of Malcolm X’s mother and what it reveals about the era she lived in.