The World's Best Book Summaries
Who was the first child of Henrietta Lacks and the sibling of Deborah Lacks? What happened to Lawrence Lacks? Where is Lawrence Lacks today? Lawrence Lacks is the first child of Henrietta Lacks and was born when she was just 14. After the death of Henrietta Lacks, Lawrence Lacks served in the military. Find out about the life of Lawrence Lacks.
What does Rich Dad, Poor Dad say about assets and liabilities? How can assets and liabilities help you gain financial independence? In Rich Dad, Poor Dad assets and liabilities are a key part of what makes someone rich. The Rich Dad philosophy comes down to this: in order to be rich, acquire real assets, and avoid liabilities.
What is the Rich Dad, Poor Dad story? What can it teach you about managing money and growing your wealth? The Rich Dad, Poor Dad story is partly about author Robert Kiyosaki’s childhood, where he describes the experience of learning about money from his own dad (Poor Dad) and a friend’s dad (Rich Dad). The Rich Dad, Poor Dad story is about how Kioysaki developed his own philosophy on money, and also shows how you can learn to manage money in the same way.
Do you want to know how to decrease taxable income? How can it help you? Learning how to decrease taxable income is one subject Robert Kiyosaki covers in Rich Dad, Poor Dad. While it’s possible that there is some value to learning how to decrease taxable income, it shouldn’t be your go-to for making money. You can read Kiyosaki’s advice on how to decrease taxable income below.
Do you need to know how to get rid of laziness? Is laziness stopping you from achieving your goals? In Rich Dad, Poor Dad Robert Kiyosaki argues that learning how to get rid of laziness can change your life. Knowing how to get rid of laziness can help you overcome obstacles on your journey toward financial independence. Here’s how to stop laziness, and why you need to do it now.
Michael Porter’s airline industry analysis uses the Five Forces model to dig into major airlines and why they’re so consistently unprofitable. Even though they have billions of dollars in revenues, they’re chronically bad businesses. Porter’s five forces analysis helps you understand why.
What is Lacks Town? How many relatives of Henrietta Lacks lived there? Are Lacks Town and the town of Clover, Virginia still around? Lacks Town is the ancestral farm of the Lacks family. It has a single road and is across a two-lane road from Clover, Virginia. Learn about Lacks Town and the changes to Clover since Henrietta Lacks was alive.
What is ROIC in finance? What does it mean, and how do you use eit? ROIC in finance refers to the return on invested capital. Michael Porter argues that ROIC in finance is the most important metric for measuring a business success, and outlines how the Five Forces can help you analyze businesses.
Is buying a house a good investment? Why or why not? Though the traditional answer to the question “is buying a house a good investment” is yes, Robert Kiyosaki argues that it’s not. Not only is buying a house a good investment not the right answer, but a house can also be a liability instead of an asset. Learn more about the question “is buying a house a good investment” and why you should think about other investment opportunities.
What are strategic trade-offs in business? What kind of strategic trade-offs do you have to make? According to Michael Porter, strategic trade-offs force you to focus your business’s strategy by making certain things incompatible. In sum, you can have it one way or the other, but not both. Learn what this means in business.