The World's Best Book Summaries
What is the Great Wealth Transfer? Should you worry about it? Inherited wealth will come to account for a much greater share of overall wealth than that earned through work and savings. This is because of the Great Wealth Transfer, where baby boomers transfer their wealth to the younger generations. Learn more about why the Great Wealth Transfer is coming.
What are the qualities of a good manager? Do all managers share the same traits? In The Making of a Manager, Julie Zhuo explains that great managers motivate people to work toward a shared goal. They do this by upholding an inspiring vision, establishing trust, and communicating clear expectations. Learn the qualities that good managers exhibit.
Does your mind feel scattered? Do you feel like you need to focus on one thing at a time? In Make Time, Jake Knapp and John Zeratsky say having one central task as the focus of each day is the key to success. They also claim you need to arrange your time and energy to support that key activity. Check out how to focus on one thing at a time below.
What are Type I and Type II errors in hypothesis testing? How can you minimize your chances of accepting a wrong hypothesis? Type I and Type II errors both relate to the result of the null hypothesis. A Type I error occurs when the null hypothesis is mistakenly rejected, whereas a Type II error occurs when the null hypothesis is mistakenly accepted. Keep reading to learn about the difference between a Type I and a Type II error, and how to reduce your chances of making both.
Why is gender-disaggregated data important? How are women discriminated against at a government level? Gender-disaggregated data is simply data that is separated by gender, but it’s extremely important. If the government collects gender-specific data, we can improve women’s standing in society. Check out the importance of gender-disaggregated data below.
Why are there so many different rules regarding success? Is there only one way to succeed? In Barking Up the Wrong Tree, peak performance expert Eric Barker explains that the key is often not whether the path to success is right but whether it’s right for you. Therefore, an essential key to success is to know yourself and act accordingly. Different things work for different people, so he outlines a way to figure out what type of person you are (your working style) and what you’re good at (your strengths). Keep reading for Barker’s advice on how to find your
Why do people get embroiled in cyclical conflicts—both on a large and a small scale? Why do people often resist a resolution? Is a mutually beneficial resolution always possible? We all struggle with conflicts, both on a smaller scale—in our businesses and families—and on a grand scale—politically and intergovernmentally. In all spheres of our lives, we see people embroiled in bitter, cyclical conflicts that appear to resist all efforts toward resolution. If we can learn how to handle conflicts more productively, our personal relationships and the world at large will be a better place. In this article, we’ll discuss three
What are inferential statistics? How are inferential statistics applied in real life? Inferential statistics are a powerful research tool due to a statistics tenet called the central limit theorem. The central limit theorem states that the mean of a representative sample will be close to the mean of the larger population. Therefore, we can confidently make inferences about a population from a sample or about a sample from a population, and we can compare samples to each other. In this article, we’ll explore inferential statistics examples in real life.
What exactly is probability? How can mathematical probability help us in real life? Probability is a mathematical ratio that communicates the likelihood of a particular event over all other possible outcomes. It allows us to manage uncertainty by measuring risks and putting possible outcomes in perspective. In this article, we’ll discuss some real-life applications of probability.
What is the best method for finding fulfilling work? How does understanding your life’s purpose lead to fulfilling work? According to motivational speaker and author Simon Sinek, taking the time to examine your life’s purpose will lead to finding fulfilling work. Sinek provides a proven method for discovering your Why, or purpose, and shows how purpose-driven people lead happier lives. Keep reading to find out Sinek’s steps for finding fulfilling work through living a purposeful life.