The World's Best Book Summaries
What was the Black Monday stock market crash? How did the market suffer from this day? In Liar’s Poker, Michael Lewis writes about the day the financial world felt a shock unmatched since the Great Depression. On Monday, October 19, 1987, the global stock market crashed, wiping out trillions of dollars in investments. Learn more about Black Monday and how the investment bank Salomon Brothers and Lewis attempted to recover from the crash.
Do your children ever throw tantrums? Do they fight with each other? Are they scared or anxious sometimes? Dr. Becky Kennedy discusses the importance of empathy in parenting in her book Good Inside. She identifies common parenting challenges and explains how you can use empathy as a tool to deal with tantrums, sibling rivalry, and kids who are fearful, anxious, or crying. Keep reading to understand the power of empathetic parenting and how you can use this practical tool with your children.
Do your kids ignore you when you tell them to do something? Do they talk back or attempt to negotiate? Clinical psychologist Dr. Becky Kennedy is also a mother of three, so she knows the struggle. She recommends using connection, validation, and playfulness to make your interactions less confrontational and more effective. Continue reading to learn how to get your kids to listen with these three tools.
Do you struggle to stay on task? How much more could you get done if you stayed focused? Focus doesn’t just happen; it’s a result of a decision you make. Manage Your Day-to-Day provides advice on practicing intentional focus, including setting up the right environment, handling internal discomforts to minimize distractions, focusing for longer periods of time, and embracing boredom. Read more to learn about these practical tips from Dan Ariely, Chris Bailey, Nir Eyal, Cal Newport, and Leo Babauta.
Do you set goals for your team members? Do you help them set and reach their own objectives? Regardless of your managerial level, you have a duty to help your team set and reach their own goals as well as contribute to the overall objectives of your organization. In When They Win, You Win, Russ Laraway outlines four tiers of managerial goals and shares two ways to measure your effectiveness. Keep reading to learn how you can help your team set and reach goals that benefit the organization as a whole.
How can you neutralize the urgency of temptations? What are some ways you can minimize distractions while you exercise? Even if you’re motivated to get and stay fit and have an excellent plan to do it, temptations can creep in and get you off track. Michael Matthews, a certified personal trainer and the founder of Legion Athletics, shares three tips to help you build up your willpower while you build up your body. Keep reading for this practical advice that will improve your fitness discipline.
Who is F. Ross Johnson? Why did Johnson agree to the buyout of RJR Nabisco? F. Ross Johnson was the CEO of RJR Nabisco, a tobacco and food product company, in the 1980s. Barbarians at the Gate by Bryan Burrough and John Helyar discusses the background of the RJR Nabisco CEO and why he initiated the leveraged buyout (LBO) of the company. Read on to get the whole picture and understand what made the RJR Nabisco buyout special.
How did Warren Buffett help Salomon Brothers out of a hostile takeover? Why was the investment bank in danger to begin with? In 1987, Ron Perelman and Michael Milken conspired together to take over Salomon Brothers at its most vulnerable time. But with a large loan provided by Warren Buffett, Salomon Brothers managed to avoid the nasty bid. Keep reading to learn more about the heroic rescue by Warren Buffett and Salomon Brothers’ swift recovery.
How did Jim Simons first identify stock trend patterns that changed the market forever? What did Simons do as a codebreaker? Jim Simons is known for his work as a mathematician who identified recognizable and consistent patterns in the financial market. But what some people might not know is that he started out decoding Soviet messages and signals during the Cold War. Discover more about how a codebreaker used his work to identify stock trend patterns.
Should you allow your children to complain about each other? How can you minimize sibling rivalry among your kids? When should you intervene in their fights? Dr. Becky Kennedy is a clinical psychologist. She’s also a mother of three, so she knows all about sibling dynamics and the special challenges they can bring. In Good Inside, Dr. Becky shares three tools you can use to help your children navigate the emotions involved in sibling relationships. Keep reading for Kennedy’s advice for parenting siblings.