The World's Best Book Summaries
Why did the hedge fund LTCM collapse? What economic crises contributed to the downturn? The year 1997 was the beginning of the end for LTCM, as it succumbed to the enormous risks it had taken on, along with the combined pressures of the 1997 Asian financial crisis and the 1998 Russian financial crisis. We’ll explore how unexpected volatility began to sink the fund. Check out the events that led to this hedge fund collapse.
What defines a community? What are the basic requirements of a community? According to Charles Vogl, a community is a formal or informal collective of people who care about each other and support each other’s growth. Within communities, people develop culture through meaningful relationships. Keep reading to learn more about what makes a community special.
Do you want to learn how to build an effective team? What are some strategies you can use? To build an effective team, consider grouping people according to one responsibility. Looking at how single-responsibility teams are built can give you insight into how to make a team effective. See how single-responsibility teams work and how the idea can help you make a strong team.
Is the 10,000-hour rule true? How long does it really take to become proficient in a skill? There’s a notion going around that you must invest 10,000 hours of practice if you want to adopt a new skill. But, that’s not quite the way it is. In The First 20 Hours, skill acquisition expert Josh Kaufman sets the record straight. Read more to learn the truth about the 10,000-hour rule.
What are the best psychosomatic pain treatment strategies? How can you heal emotion-driven chronic pain? Psychosomatic pain treatment involves learning to identify repressed emotions and reflect on them in moments of pain. By learning how to do this, you can decrease the appearance of your symptoms. Learn more about how to heal from psychosomatic illness by reading more.
Does the tax code favor the rich? Is a progressive tax system the most fair? Matthew Desmond asserts that poverty in America persists because it benefits many people to keep some others in a state of want. He offers a multifaceted approach to eradicating poverty. One part of this is to crack down on welfare for the rich and use the money to empower the poor instead. Continue reading to get the details of Desmond’s proposal as well as a counterargument to it.
What’s going on in your brain when you learn a skill? What stages do you go through? According to neuroscience research, you can improve any skill through practice because your brain is designed to learn and grow. During the skill acquisition process, you progress through the phases of cognition, association, and autonomy. Keep reading to understand these stages of learning a skill and the science that makes this growth possible.
What is the drone economy? How are various industries using it and what does the future promise for it? The global drone market is expanding rapidly and is expected to reach $56 billion by 2030. However, strict FAA regulations on drone flights are limiting further growth of commercial drone services. Here’s a look at the FAA’s regulations, and the potential future uses of drones.
Do you feel guilty when you practice self-care? Do you think it’s a waste of time? Grace Beverley wants you to stop seeing self-care and productivity as opposites. She discusses two common barriers to self-care and shares advice on how to overcome them so that you can take care of your health and be more productive as a result. Keep reading to learn about these barriers to self-care and the remedies.
What do you believe to be true? How sound are your beliefs? How do your beliefs impact your life? We all believe something, and we all live according to what we believe. So, what we believe matters. It’s wise to examine our beliefs to get clarity on what they are, why we hold them, and what difference they make in our lives. Continue reading for scores of belief questions that will help you move toward clarity and purpose.