The World's Best Book Summaries
Should you invest in index funds? Are they better than mutual funds? In The Wealthy Barber, David Chilton argues that the best thing you can do to reach financial success is to invest 10% of your income in mutual or index funds. Then, sit back and take advantage of the compound interest. He explains what index funds are and why he believes they are a better investment than mutual funds. Keep reading for index fund advice from Chilton and others.
Are you struggling to earn income as an artist? What are some ways to sell your art? In Show Your Work!, artist Austin Kleon emphasizes there’s nothing wrong with making money off your work. He provides three methods of earning income from your art so you can make it into a career. Read below to learn how to make money as an artist.
Are you looking for Trading in the Zone quotes by Mark Douglas? What are some of the most noteworthy passages worth revisiting? In his book Trading in the Zone, Mark Douglas argues that winning in trading is a matter of your mindset. If you have a fear-based mindset—that is, you focus on avoiding risk—you’ll never achieve success in trading. If you are serious about becoming a profitable trader, you must overcome the fear-based mindset and adopt the winning mindset, focusing on making gains. Below is a selection of quotes with explanations.
How does poverty affect entrepreneurship? How does running a business—paradoxically enough—keep people in the poverty trap? It’s not uncommon for the poor to run their own businesses. However, running a business seldom helps them escape the poverty trap. This is because the poor choose not to invest in their businesses because they have little means to do so. Furthermore, the poor generally don’t want to run their own businesses—they often do so because they don’t have any other options to make a living. Here’s a look at poverty and entrepreneurship.
Should you invest in mutual funds? If so, how do you choose among all of the options? In The Wealthy Barber, author David Chilton advises you to invest 10% of your income for long-term growth. This money should go into index or mutual funds. He recommends a particular type of mutual fund and provides advice on selecting one. Here are some mutual fund tips from David Chilton and a few others.
Why do some people achieve consistent success as financial traders while others fail? Do the successful few have special insider knowledge? Better trading strategies? Astounding good luck? In his book Trading in the Zone, Mark Douglas says one factor distinguishes successful traders: a winning mindset. To achieve consistent trading success, Douglas says, we need to train ourselves to think differently, and he shows us how. Below is a brief overview of Trading in the Zone by Mark Douglas.
What’s a distributive economy? What are the dangers in entrusting the distribution of the money supply to private commercial banks? A distributive economy promotes an equitable distribution of the money supply. In a capitalist economy, the money supply is distributed by private banks, which gives banks too much power. In a distributive economy, government-backed financial institutions take the role of private banks. Here’s why we should democratize money, according to Kate Raworth.
Why is the trading failure rate so high? In principle, is it possible to predict the market with absolute certainty if you have all the necessary tools? The financial market gives us ample opportunity to generate money. Yet, most people struggle to make the gains they want. The crux of the problem is that they don’t fully understand how the market operates. Most traders rely on either technical or fundamental analysis (or both) to try and predict the market, but they’re insufficient preparation for consistently successful trades. Here’s why conventional market analysis strategies fall short.
What is technical analysis in trading? How does technical analysis predict the price of financial assets? Which approach is superior: technical or fundamental analysis? Technical analysis looks at patterns in the price of an investment to predict how that investment’s price is likely to shift in the future. In contrast to fundamental analysis, technical analysis takes into account traders’ activity by attempting to uncover behavioral patterns. Keep reading to learn how technical analysis trading works, its pros and cons, and why it’s superior to fundamental analysis.
What is a circular economy? Will transitioning to the circular economy model hurt businesses? A circular economy is a model of production and consumption aimed at minimizing waste by reusing and regenerating the available resources. The shift towards a circular economy is the necessary step toward sustainability—if companies take and take from the planet without replenishing or regenerating, there will be nothing left. Here’s why shifting to the circular production model is good both for businesses and for the planet.