The World's Best Book Summaries
How do you deal with heartache? What is the most effective way to cope with emotional pain? Grief, sorrow, and other forms of heartache and inner suffering are part of being human. It happens at some point to everyone and there is no surefire way to avoid emotional hurt altogether. Here, Norman Vincent Peale, the author of The Power of Positive Thinking, shares his advice on how to cure heartache.
Are you a good judge of risk? What factors do you take into account when trying to anticipate risks involved in a project or an endeavor? According to Nassim Nicholas Taleb, the author of Fooled by Randomness, most people are poor judges of risk because they do not fully comprehend the power of randomness. As a result, they harbor misguided beliefs about risk that lead them to make poor decisions. In this article, we’ll look at the characteristics of people who fail to anticipate risk properly and discuss specific things you can do to anticipate risk mindfully.
What was the housing bubble of 2008? What caused this devastating financial crash? The stock market crash and housing bubble of 2008 saw a huge decline in house prices from the 2006 peak. The fallout was huge, with many big financial institutions facing considerable losses. The causes are debated, but essentially too many people took on loans they couldn’t afford, leading to an inevitable crash. Here’s what happened during the housing bubble of 2008.
Are you looking for Make It Stick quotes? What are some of the most noteworthy passages worth revisiting? In their book Make It Stick, Henry L. Roediger III, Mark A. McDaniel, and Peter C. Brown teach you how to learn and study based on data about how your brain comprehends and retains information. The book’s principles and prescriptions draw from a vast number of research studies. This book doesn’t help you simply pass the midterm—it teaches you how to absorb and master new information. The following Make it Stick quotes highlight some of the key points.
What is autopilot investing? Why is it the best investment method, according to Burton Malkiel? Autopilot investing involves buying broad index mutual funds or exchange-traded funds, rather than buying active individual stocks. This is Burton Malkiel’s preferred method of investing, as he advises building a portfolio around index funds. Learn about autopilot investing below.
What are some examples of historical stock market returns? What can you learn from these examples? The best way to understand returns at work is to examine examples of historical stock market returns. Looking at examples of historical stock market returns will show you how prevailing market conditions affected stock market returns. Keep reading for a guide to historical stock market returns.
What is the cooperative business model? How does it help build a better workplace for employees? A cooperative business model is a democratic company where the enterprise is collectively owned by all the employees. Employees elect leaders, and share profits and liabilities as a group. The model creates a better workplace because the opinion of everyone counts, which makes employees happier and more engaged. Read more about how the cooperative business model works.
Are you looking for Fooled by Randomness quotes? What are some of the most noteworthy passages worth revisiting? In Fooled by Randomness, former options trader Nassim Nicholas Taleb examines the outsized role luck plays in success, why people don’t generally understand luck, and how we can accommodate randomness in our lives once we’re aware of it. While Taleb primarily focuses on examples from the world of investing, his principles demonstrate how we’re fooled by randomness in many aspects of our lives. Below is a selection of Fooled by Randomness quotes with explanations.
What is the link between depression and obesity? Why is it so difficult for depressed people to shed weight successfully? Establishing the link between depression and obesity requires an understanding of why depressed people put on weight. They put on weight as a subconscious effort to protect themselves from feeling vulnerable again. Shedding weight becomes very difficult because they will lose the sense of safety that comes with it. Read on to learn more about the relationship between depression and obesity.
Want to know how to play to win, according to former P&G CEO A.G. Lafley? How can businesses use cost leadership and product differentiation to win in the marketplace? Businesses that have mastered how to play to win use either cost leadership or product differentiation to thrive in the marketplace. Cost leadership involves pricing competitors out of the market, while differentiation involves selling a quality product that engenders brand loyalty. Read more to learn how to play to win in the marketplace.