The World's Best Book Summaries
Are you an overly careful trader? Why is it important to embrace risk in trading? To achieve consistent profits in trading, it’s essential to embrace risk. According to Mark Douglas, the author of Trading in the Zone, you must be comfortable with risk to ward off irrational fears that corrode your trading mindset and your potential to profit. Let’s look at the factors that cause us to avoid risk and develop an unhealthy relationship with the market.
What is a clean fast? What foods do you need to avoid on a clean fast? To fast cleanly means to eat nothing that hinders the insulin-curbing and fat-burning effects of fasting. Depending on your health and fitness goals (fat-burning, muscle building, or general health), you may have more or less leeway in terms of what you can eat. In this article, we’ll explain the “clean fast”—Gin Stephens’s approach to fasting—and her “delay, don’t deny” approach to feasting.
What is reciprocal altruism? Why do people feel compelled to reciprocate virtuous behavior? Humans are innately reciprocal creatures because reciprocity has survival value. Even hunter-gatherer humans helped each other to contribute to the survival of the group. According to Robert Sapolsky, the author of Behave, altruism is encoded in our genes. Keep reading to learn about reciprocal altruism and how this behavior evolved.
Do you want to know how to become a successful trader? What do all profitable traders have in common? Trading is extremely hard, which is why only a few traders become profitable. According to Mark Douglas, the author of Trading in the Zone, you need three ingredients to become a successful trader: 1) a clear goal, focused exclusively on winning consistently, 2) a system of rules and boundaries for making trades, and 3) disciplined follow-through. Let’s explore each ingredient in detail.
Do any diets actually work? Why does food- or calorie-restrictive dieting not work in the long term? According to Gin Stephens, the author of Fast. Feast. Repeat., dieting for weight loss doesn’t work in the long term. However, decades of contradictory advice about how and what to eat for weight loss has created immense confusion, a tangle that she calls “diet brain”: When you no longer have any clue how to eat “properly.” Here’s why dieting doesn’t work in the long term, according to Stephens.
What is the Pareto rule? How does applying the 80/20 rule help you increase your productivity and happiness? The Pareto 80/20 rule states that 80% of your outcomes result from just 20% of the effort you put in. According to Richard Koch, this principle is at work in every aspect of your life, including your career and relationships. Let’s examine what the Pareto 80/20 rule is and why it matters.
What’s the connection between environment and behavior? Can environment override genetic influences? There’s no doubt that genes determine much of your personality and behavior. However, external influences—including how we’re raised, where we are at a given moment, and what’s happening around us—are even more important in determining how we act. Keep reading to learn how environment shapes human behavior, according to Sapolsky.
Do you struggle to stick to your trading rules because emotions get in the way? Are you haphazardly buying and selling without a trading plan in place? Trading your hard-earned money is an emotional rollercoaster. Therefore, it’s important to exercise self-discipline and keep your emotions at bay. According to author and trading consultant Mark Douglas, this requires that you simultaneously do two things: redirect negative thoughts and emotions, and execute the system you’ve established. Here’s how to develop discipline in trading, according to Douglas.
Is it normal for weight loss to plateau when intermittent fasting (IF)? How can you overcome a weight loss plateau on an IF diet? A weight-loss plateau can be tricky to get around. According to Gin Stephens, the author of Fast. Feast. Repeat., there are two ways to transcend the weight loss plateau by intermittent fasting (IF): you can either adjust your fasting or adjust your feasting. Here’s how to transcend the intermittent fasting plateau, according to Gin Stephens.
How does self-esteem affect mental health? What are some things you can do to improve your self-esteem? In modern times, most of us believe that improving our self-esteem is essential to our psychological health. According to psychotherapist and self-esteem expert Nathaniel Branden, low self-esteem is the underlying reason behind many psychological issues. He posits that there are six pillars of self-esteem: Live with Awareness, Accept Yourself, Take Responsibility, Assert Yourself, Live Intentionally, and Act with Integrity. Here’s how you can improve your own self-esteem by practicing the 6 pillars of self-esteem.