The World's Best Book Summaries
What is the purpose of marketing? What does it accomplish? Whom does it serve? According to John Berger, the author of Ways of Seeing, the purpose of marketing is to keep the machines of capitalism moving: to keep the rich rich and the poor poor. It is accomplished by evoking envy and giving a promise of a better life. Continue reading to learn more about Berger’s view.
What makes art an effective form of social commentary? How has art been used to assert social status? Sometimes art reflects the views of the artist and those who buy the art. That can make art a rather powerful medium. According to John Berger, the author of Ways of Seeing, the way we see art has historically been manipulated by a privileged minority to preserve their social and economic dominance. Keep reading to learn Berger’s view on how art has been co-opted for social purposes.
What can we learn from European art history? How has art shaped social order? According to art critic John Berger, throughout history, the way we see art has been manipulated by a privileged minority to preserve their social and economic dominance. He argues that understanding the dominant form of art from this period in Europe is key to understanding Western history and social order. Keep reading to learn more about Berger’s ideas.
What are the top financial lessons from Morgan Housel’s The Psychology of Money? How can this book help you change the way you view money and wealth? In his book The Psychology of Money, finance expert Morgan Housel argues against the conventional wisdom about financial success. He says that the key to financial success lies not in hard work and intelligence, but in understanding human behavior. Housel posits that when you understand how emotions and beliefs influence your financial decisions, you’ll make better financial decisions. Here’s a brief overview of the key themes.
Did you know that you can use your money to make more money? How does putting even a small amount into an account that accrues compound interest help you grow your money? In his book The Psychology of Money, Morgan Housel discusses the power of compound interest. The key to maximizing your returns, Housel explains, is to invest as soon as possible and let your money grow over time. Here’s why compound interest is the best way to maximize your income and build wealth.
Do you look to history when trying to make financial decisions? Why is trying to make financial predictions based on past events a terrible idea? In his book The Psychology of Money, Morgan Housel says that many people will study past events in order to make financial predictions. However, Housel explains, this strategy doesn’t work because history is a series of unpredictable events, and studying it will not help you predict the future of finances. Here’s why you can’t use the past to make financial predictions.
What is The Millionaire Fastlane by MJ DeMarco about? Which formula is the best to achieve financial freedom and wealth? In The Millionaire Fastlane, MJ DeMarco goes over the three common approaches to finances: consumption, accumulation, and production. DeMarco discusses each approach in detail and explains which approach is the best if you want to build wealth. Continue reading for an overview of the three formulas from The Millionaire Fastlane.
What’s the quickest way to become wealthy? How can you create passive income? MJ DeMarco, multimillionaire entrepreneur and investor, argues that the traditional path to wealth—working for a salary and investing in stocks—is too slow and unreliable. Instead, he says that the fastest way to become wealthy is to create passive income and increase your net worth. Here’s how to become wealthy by leveraging time.
Are you looking for the absolute best books about money? Do you want to increase your financial literacy and potentially start investing? With so much financial material out there, it can be difficult to pick out the authoritative resources written by authors who don’t just preach theory but also offer actionable strategies to help you get to grips with your finances, understand basic investment principles, and start building wealth. That’s why we’ve rounded up the following list of the absolute best books about money—written by financial educators with decades of experience, featured on well-known bestsellers’ lists, and positively rated by thousands
What is economic shock therapy? What unintended side-effects can economic shock therapy cause? Economic shock therapy is when a country removes its protectionist measures in hopes that new entrepreneurs will emerge. The goal is to take a government-controlled economy and turn it into a free-market economy. However, real-life examples proved that this method doesn’t work. Continue below for economist William Easterly’s take on economic shock therapy.