The World's Best Book Summaries
What are the six human needs? How can you apply these needs to finances? According to Tony Robbins in Money: Master the Game, there are six human needs we’re trying to fulfill: security, variety, closeness, meaning, participation, and progress. Each of these needs is important to understand because money has a say in how we achieve these needs. Let’s explore how money affects these needs and compare them to Maslow’s hierarchy of needs.
What is electronic trading? Is it easy to buy and sell stocks electronically? The answer is, if you know what you’re doing, it’s fairly simple. Electronic trading is the process of trading stocks using computer technology. It only takes three steps: gathering market data, making a smart trade decision, and executing an order. We’ll explain what electronic trading is and how it fits into the modern stock market that relies on technology.
What’s the conflict trap? What causes conflict in developing nations? In his book The Bottom Billion, economist Paul Collier explains that one big reason why many poor countries stay poor is because of conflict. This conflict is often fueled by low income, slow growth, and natural resource dependence. Continue reading to learn about the conflict trap, according to Collier.
What’s the difference between active and passive investing? Which one is smarter to practice? In his book Money: Master the Game, Tony Robbins says that passive investing is the smarter approach, as you’re less like to lose money than you would with active investing. However, he does say that you can use either strategy when dealing with your investments. Here’s Robbins’ explanation of active vs. passive investing.
What are dark pools? How does Michael Lewis, author of Flash Boys, think dark pools are being used in the stock market? In Flash Boys, Lewis says that sending a stock order to a dark pool is a sneaky way for investors to profit off private orders. High-frequency (HF) traders have also found a way to use dark pools to their advantage. In this article, we’ll go into more detail on what dark pools are and why HF traders are so interested in them.
Are you wondering how to build an investment portfolio? Do you want to mitigate your losses while constantly gaining money? According to Tony Robbins in his book Money: Master the Game, building an investment portfolio is key to becoming content with your financial situation. While it’s a long process, Robbins says that being patient and investing wisely can increase your chances of a successful and wealthy outcome. Keep reading for an in-depth guide to creating an investment portfolio that will make you rich.
What is high-frequency trading? How does it influence the stock market? High-frequency trading is considered an unfair method that uses algorithms to execute stock orders on the market in a matter of seconds. Michael Lewis, the author of Flash Boys, says that many firms on Wall Street have been known to use the method to gain more money for themselves, even though they preach that the stock market is fair game. Continue reading to know what high-frequency trading is and how the trend spiraled with electronic trading.
What are the five levels of financial well-being? How can these levels lead you to a secure and happy place in your life? If you’re making a plan to control your finances, you need to aim for financial well-being. Doing so means you’re working towards financial security and freedom, but first you have to set a few goals for yourself along the way. Here are the five levels of financial well-being you should target, according to Tony Robbins in his book, Money: Master the Game. In addition, we’ll look at alternate targets from the Financially Independent and Retiring Early (FIRE)
What are the top high-frequency trading strategies? Why are they unethical to practice when buying and selling stocks? If you have an interest in trading stocks, the first thing you should know is how to do it ethically and responsibly. That being said, Michael Lewis in his book Flash Boys details high-frequency trading strategies that disrupt the market’s level playing field. Below we’ll explore the six high-frequency trading strategies that you shouldn’t practice if you’re looking into investing in the stock market.
What are the three best investment strategies that the top investors use? How can these strategies help you achieve financial independence? In Money: Master the Game, Tony Robbins asserts that investing is the smartest way to get rich. By using what he learned from his relationships with billionaires Ray Dalio, Warren Buffet, and Carl Icahn, Robbins summarized his investing advice into three main strategies: making a plan, creating steady gains while minimizing losses, and finding a fiduciary financial advisor. Continue reading to learn the most important principles of investing, according to Robbins.