The World's Best Book Summaries
How did Enron get caught? And what happened when they did? The question “how did Enron get caught” is a fraught one, partly because much of what Enron did wasn’t technically illegal. To understand how Enron got caught, you need to consider their market manipulations and the way they prioritized appearances over actual profits.
What was Enron Energy Services? How did it contribute to the fall of Enron? Like Enron Broadband, Enron Energy Services was a failed venture with serious consequences. Enron Energy Services was a major money loser and undoubtedly a reason why Enron failed.
What are the Rich Dad, Poor Dad characters? What do the characters teach author Robert Kiyosaki about money? The Rich Dad, Poor Dad characters each help Robert Kiyosaki learn valuable lessons. While there aren’t many characters in Robert Kiyosaki’s narrative, each of the the Rich Dad, Poor Dad characters show how you can learn to manage money so that you can be secure and financially independent.
Who is the Rich Dad behind Robert Kiyosaki’s bestselling book Rich Dad, Poor Dad? Since Robert Kiyosaki’s book came out, fans and skeptics alike have tried to learn the answer to the question “who is the rich dad?” Robert Kiyosaki has never directly answered the question “who is the rich dad,” but we do have some clues that point to Richard Kimi as a likely candidate.
Is a house an asset or a liability? Can choosing not to own a house help you achieve your financial goals faster? In Rich Dad, Poor Dad Robert Kiyosaki asked the question “is a house an asset or a liability?” Kiyosaki argues that owning a house as a primary residence is a liability. While popular opinion believes that owning a house is an asset, Kiyosaki discusses the different between assets and liabilities below and dives into why he thinks a house is a liability.
What is Porter’s theory of competitive advantage? What does it mean and how does it work? Porter’s theory of competitive advantage explains that if you have a real competitive advantage, compared with rivals, you operate at a lower cost, command a premium price, or both. What actually goes into building the advantage is trickier. Study this to figure out whether your business has an enduring competitive advantage.
What is Michael Porter’s value chain analysis, and what does it mean for your business? Michael Porter’s value chain analysis can help you understand how a company actually works based on the activities it performs in a specific sequence.
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.