The World's Best Book Summaries
How do IT (information technology) companies make money? How do they use technology and data to earn a profit? According to Salim Ismail, there’s no limit to how large information technology companies can grow and how much revenue they can make. This is because they make their money by taking advantage of information, a resource that has no limit. Read on to learn more about how IT companies make money by using technology and data.
How will the Inflation Reduction Act affect electric vehicles (EVs)? Which EVs are eligible for the tax credit? With a $7,500 tax credit for the purchase of an electric vehicle, the Inflation Reduction Act aims to encourage more people to buy EVs, especially those made with U.S. resources. However, the bill creates difficulties for Asian and European car manufacturers for whom the U.S. market is essential. Keep reading to learn more about what the Inflation Reduction Act means for electric vehicles.
Looking for an overview of the Exponential Organizations book? What is Salim Ismail’s key advice from the book? In the Exponential Organizations book, Salim Ismail explains how technology companies have almost unlimited growth potential because they profit almost solely from information. Ismail’s book describes the rapid-growth strategies used by these companies to gain revenue quickly. Read on for an overview of the Exponential Organizations book by Salim Ismail.
Do you want to learn about trading psychology? What are the key psychological factors that determine trading success? Trading is as much about your frame of mind as it is about your knowledge of the market and trading instruments. When it comes to trading psychology, the best mindset to have is one of dedication, patience, and risk tolerance. Without these attributes, you might get an occasional win, but you won’t become a consistently successful trader. Below, we’ll talk about the psychological side of trading and why knowledge doesn’t translate into trading success.
What are the predictions for the next recession? How bad will the recession be? How can you prepare? Concerns about recession in the U.S. economy are rising. The majority of economists predict that the economy will go into recession in the near future due to the combination of persistent inflation and rising interest rates. Read on to learn the likelihood of the next recession, based on predictions from President Biden, analysts, and economists.
Why are women attracted to rich men? Do you need to have a ton of money to be seen as an alpha in the eyes of women? It’s no secret that women prefer dominant men. Dominant alpha males command respect and are better able to provide protection for their offspring. One of the most telling signs of dominance in men is their financial success. With this in mind, here’s how you can increase your dominance status by leveling up your finances.
Why is the Federal Reserve bad for the economy? In what ways is it harmful and even unethical? Even if you don’t believe there’s a sinister conspiracy behind the Fed, you might be interested to know that there are plenty of other reasons why it should be abolished. That’s the assertion of Edward Griffin, who calls out four major problems with the system. Continue reading to learn about these four ways the Fed does more harm than good.
How are the housing market and economy connected? What happens if the housing market crashes? Will there be another recession? As home prices drop and rumors of recession haunt headlines, concerns are mounting that we might be headed for a repeat of the Great Recession of 2007-2009. According to Naked Economics, modern markets are all interconnected, so the failure of one part of the economy can cause a domino effect. Read on to learn what the future holds for the U.S. housing market and the larger economy.
Is the Federal Reserve responsible for inflation? Is inflation essentially a tax? Milton Friedman once said that inflation is taxation without legislation. Edward Griffin agrees. He asserts that the Federal Reserve is responsible for inflation, and he’s concerned that inflation constitutes an unfair, hidden tax whereby the American people pay for the government’s expenditures without realizing it. Read more to understand Griffin’s argument.
What’s fractional reserve lending? Is it ethical? Edward Griffin asserts that the Federal Reserve facilitates and legalizes fraud by allowing banks to engage in fractional reserve lending. He explains what the practice is and argues that it’s not ethical. Read more to understand this prolific banking practice.