Shortform Books

The 3 Main Types of Asset Classes: Investing Basics

3 Major Tips From Charlie Munger on Investing

What are assets in the context of investing? What are the three main types of asset classes? Asset classes are the building blocks of investing. Asset classes are simply types of investments (like stocks or bonds), and each asset class has varied assets within it. For example, “stocks” is an asset class composed of all kinds of different stocks: large companies, small companies, international companies, and so on. In this article, you’ll learn about the three main types of asset classes and how to allocate and diversify your investments between them based on your age and risk tolerance.

BHAG: Examples, Steps, and Tips for Success

What are some BHAG examples? How have visionary leaders succeeded by committing to these goals? Researchers Jim Collins and Jerry I. Porras found that visionary companies set and achieve Big Hairy Audacious Goals (BHAGs). They share three steps to creating your own BHAGs and four ways to make sure they succeed. They also provide several BHAG examples for instruction and inspiration. Keep reading to see several BHAG examples and to learn how to implement your own.

Corporate Growth Strategy: Stay True to Your Core

How can your company grow while remaining true to itself? What’s a corporate growth strategy that allows your company to progress without changing its values and purpose? Visionary companies grow while staying true to what they’re all about. They have a corporate growth strategy that preserves the core while stimulating progress. You, too, can achieve this when you believe in the power of “and”—and when you understand the difference between your core company philosophy and your non-core company practices. Keep reading to learn more about this corporate growth strategy.

Defeating the Temptation to Sin: The 4 Actions to Take

How do you deal with the temptation to sin? Do you know how to overcome it? Temptation is simply part of life. Even Jesus dealt with it when he was on Earth. Temptation is actually part of the spiritual growth process, you just need to understand its pattern and know what specific actions you can take to overcome it. Keep reading to learn how to deal with the temptation to sin.

How to Find Meaning in Life: Speculation or Revelation?

How can you find meaning in life? Where should you look? At some point, you’ve likely asked yourself the same questions that people have been asking themselves for centuries: “Why am I here?” “What’s the meaning of life?” “What’s my purpose?” In your quest to find meaning in life, you have a couple of options. You can guess, or you can look at scripture to see what the Creator has to say about life’s purpose. Read more to learn about these two routes you can take as you search to find meaning in life.

“F-You Money”: The Key to Financial Security

Are you tired of being a victim of your financial circumstances? Have you considered saving for your “F-You Money”? If your financial circumstances are still dictating your life, it’s time to start saving your “F-You Money.” The term “F-You Money” comes from James Clavell’s 1981 novel Noble House. Later, financial blogger J. L. Collins used the concept in his book The Simple Path to Wealth where he outlines a simple prescription that helped him and his family retire early and live off their investments. Here is why you should start saving for your F-You Money, and the sooner you do

I Will Teach You to Be Rich: Quotes by Ramit Sethi

Are you looking for Ramit Sethi quotes from I Will Teach You to Be Rich? What are some of the most noteworthy passages worth revisiting? Ramit Sethi is a self-taught expert in personal finance whose goal is to help you cut through the noise of conflicting and overly technical financial advice, get past your own hang-ups around money, and take small steps toward a “rich life”—whatever that looks like for you. To this end, he wrote I Will Teach You to Be Rich—to demystify personal finance management by teaching actionable strategies to those who are just starting their financial journeys. Below

Emotional Hijacking: What Is It?

What is emotional hijacking? How can your emotions take over your rational thinking? When you’re faced with danger or stress, the primitive emotional system in your brain takes over, which is called emotional hijacking. Learning how to manage emotional hijacking will help you make better decisions and handle stress better. Learn more about emotional hijacking below.

2 Major Reasons Why People Fail in Life

What Does Shame Feel Like? How Do You Deal With It?

What are the reasons why people fail in life? How do you avoid failure? There are two major reasons why people fail in life, it’s either because they fail to continue on the path of success, or they are distracted by shortcuts to success. You can avoid failure by sticking to the path of success, which means relying on your talent, hard work, and attitude to become successful. Read on to discover more about why people fail in life.

St. Augustine’s Biography: From Sinner to Saint

How did St. Augustine transform himself from an addict of earthly pleasures into a Saint? What role did religion play in his character transformation? St. Augustine’s younger years were spent succumbing to his earthly desires, such as thievery and sex. Despite his social standing, he didn’t feel successful because of his addictions. It wasn’t until St. Augustine surrendered to God that he was able to renounce his sinful ways. Keep reading for a brief biography of St. Augustine.