The World's Best Book Summaries
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.
How good are you at strategizing for long-term business success? Do you know what your next five moves should be? What do master chess players and master businesspeople have in common? Both always plan five steps ahead. Your Next Five Moves, a book by Patrick Bet-David, argues that what distinguishes exceptional business leaders from average ones is their ability to anticipate future events and plan effectively for them—ideally by thinking five steps ahead. To turn you into a master business planner, Bet-David presents five strategic steps you must start taking now: learn about yourself, improve your problem-solving skills, create a
Are you trying to become an emotionally intelligent leader? How can you create an emotionally intelligent culture at your company? In the book Primal Leadership, Daniel Goleman, Richard Boyatzis, and Annie McKee explain that emotional intelligence in groups and organizations creates a harmonious work environment. They share clear steps on how to transform your company from one of discord to one of resonance. Here’s the Primal Leadership book advice on how to create an emotionally intelligent group.
Do you know how to become an industry leader? What skills and actions are required for your company to come out on top? The ultimate step in the journey toward enduring business success is to position yourself as an industry leader. This requires two bold moves: (1) take down your huge competitors and (2) become skilled in high-stakes negotiations. Patrick Bet-David discusses these steps in his book Your Next Five Moves. Read more to learn how to take these two steps.
Do you want your organization to become emotionally intelligent? How can you promote emotional intelligence at work? Changing an origination’s work culture is difficult, but the authors of Primal Leadership explain four steps to make your workplace more emotionally intelligent. This means that workers will have a better understanding of their own emotions and how to work with their coworkers. Here’s how to foster an emotionally intelligent workplace.
What role does technological progress play in society? Will technology ever eliminate the need for human labor? In Zero to One, entrepreneur Peter Thiel discusses the importance of innovation in business, arguing that technological progress is the way forward—not just for business but for society in general. He also asserts that monopoly—not competition—is healthy for business, and he talks about whether humans and technology are competing with each other. Read more for Thiel’s insights on innovation.
Once your business is up and running, what should you do to keep it growing? How do you balance steady growth with aggressive growth? How can you stay alert to challenges? In his book Your Next Five Moves, Patrick Bet-David discusses seven steps in the business growth process. He explains how you should raise funds, find ways to grow both steadily and aggressively, press employees to grow along with the company, build and maintain momentum, track your growth using metrics, put your knowledge down on paper for posterity, and stay alert as you grow. Read more to learn how to
How do people make buying decisions? What are the key drivers that underpin a consumer’s decision to part with their hard-earned money to acquire a certain product? The consumer decision-making process may seem complex, but ultimately it is underpinned by five basic needs. These include 1) to feel good about themselves, 2) to connect with others, 3) to grow and learn, 4) to feel safe, and 5) to avoid effort. Keep reading to learn about the psychology of consumer buying decisions.
How would you describe your company’s culture? How well do employees know—and embrace—the company’s values? Once you’ve hired the right people and incentivized them to stay, building a positive workplace culture is your next step. This is the view of Patrick Bet-David, who argues that culture is critical because employees must identify with the company and its values if they’re going to put in their best effort. Read more to learn about the importance of shaping your company’s culture.
Why do people buy things? What needs do customers seek to fulfill by buying products and services? People’s purchasing decisions are underpinned by a wide range of factors. However, they all ultimately boil down to basic, fundamental customer needs and wants: 1) to feel good about themselves, 2) to connect with others, 3) to grow and learn, 4) to feel safe, and 5) to avoid effort. Keep reading to learn about the five basic customer needs.