The World's Best Book Summaries
What happened when the dot-com bubble burst? How did investors react to the crash? When the dot-com bubble burst in 2000, investors became skeptical of any company that had aspirations of shaping the future. And their newfound skepticism became part of the new conventional wisdom. Here’s why that wisdom was misguided, according to Peter Thiel.
What is the Securities and Exchange Commission? How did they contribute to making high-frequency trading easier? The U.S. Securities and Exchange Commission’s primary purpose is to prevent market manipulation. However, when the stock market transitioned into a technological stage, they were forced to change their stock market regulations with it. Unfortunately, these regulations made it easier for high-frequency (HF) traders to exercise their power over responsible investors. Here’s how the Securities and Exchange Commission’s regulations ended up backfiring on them and who stepped up to fix their problems, as explained in Michael Lewis’s book, Flash Boys.
What is a flash crash? Why did Wall Street experience a flash crash in 2010? A flash crash is when the stock market experiences a dramatic and unexpected drop in prices followed by a quick recovery. Wall Street experienced a flash crash in 2010, which Michael Lewis, author of Flash Boys, believes was caused by high-frequency trading (HFT) methods, but others believe one man was behind it. In this article, we’ll explore the 2010 flash crash, and how Wall Street fell victim to it.
What was the dot-com bubble? What can it teach us about tech startups? The dot-com bubble of the 1990s was the biggest bubble since the one ending in the Wall Street crash of 1929. The “lessons” of the dot-com dictate the way we think about tech today. Continue reading for Thiel’s insights on the dot-com bubble and its lessons for entrepreneurs.
Why haven’t we cured cancer yet? What were some of the most significant efforts in the history of our fight against cancer? Humanity has been putting up the fight against cancer for decades, but victory has so far evaded us. Among the first key efforts were the establishment of the National Cancer Institute (NCI), a ban on tobacco advertising, and the National Cancer Act. Keep reading to learn about some of the key milestones in our efforts to cure cancer.
Do you want to know how Tesla became successful? Is Tesla’s success attributed to Elon Musk, the Tesla employees, the government, or the public? The story of how Tesla became successful is told in many small chapters. Tesla suffered severe financial and manufacturing issues early on and struggled to stay in business. It wasn’t until 2010 that the rest of the world started to believe in Musk’s vision. Keep reading to learn how Tesla became successful and who contributed to its success.
Who are the SolarCity founders? What was Elon Musk’s role in helping them start SolarCity? The SolarCity founders are Elon Musk’s cousins, Lyndon and Peter Rives. The two cousins founded SolarCity in 2006, thanks to a recommendation and large investment from Musk. The company eventually was bought out by Elon Musk 10 years later. Keep reading for more information on how the SolarCity founders started, grew, and sold their business thanks to Elon Musk.
What is the Falcon 1 rocket? How did it contribute to the success of SpaceX? The Falcon 1 rocket is the first rocket ever built by Elon Musk’s team at SpaceX. After multiple failed launches, the rocket successfully made it to space and enabled SpaceX to be where it is today. The Falcon 1 launch was arguably the most significant accomplishment in the history of SpaceX. Keep reading to learn about the Falcon 1 rocket launch.
What is Elon Musk’s struggle story? How did he deal with personal hardships? The Elon Musk struggle story began during his childhood when he was bullied at school and had to deal with his parent’s divorce. Later in life, he dealt with the sudden death of his first child and multiple divorces. Elon didn’t waste time mourning and instead focused all of his attention on his businesses. Keep reading to explore the Elon Musk struggle story.
What do we currently know about cancer? How has our understanding of the disease evolved throughout the years? Until relatively recently, doctors didn’t truly know what cancer was or how it occurred, let alone how to treat it. Therefore, a great deal of the history of cancer research is just trying to answer those basic questions about the disease. Here is an overview of the history of cancer research, from the pre-1900s to 2010.