The World's Best Book Summaries
What is portfolio rebalancing? How does it work and why do you need it? When you have an uneven split between stocks and bonds in your portfolio, it’s time to consider portfolio rebalancing. You’ll want to sell stocks and bonds to return to a 50/50 split. Read more about portfolio rebalancing and the rebalancing strategy below.
What is the MBO process? How can providing goals give employees flexibility to shape their own work? The MBO process, also known as management by objectives, is a management style in which employees have goals mapped to organizational priorities. The employee then gets to determine how they want to achieve those goals. Read on for more about the MBO process and how it is used at Netflix.
What are 360-degree reviews? How are they run and why do they offer better feedback? A 360-degree review is a process in which every peer, subordinate, and manager or supervisor provides feedback to an individual. It is also known as multisource feedback. Keep reading for more about 360-degree reviews and how they’re used at Netflix.
Do you want to brush up your negotiation skills? What are some negotiation exercises you can practice? These three negotiation exercises are based on the negotiation principles laid out in Never Split the Difference, a negotiation handbook written by former international FBI hostage negotiator Chris Voss. They will help you practice key negotiation skills such as mirroring, conducting an accusation audit, and formulating calibrated questions. Try these negotiation exercises to level up your negotiation game.
Why did Germans keep the Holocaust statues and memorials—the legacy of Nazi Germany? What do they represent today? Germans have dedicated themselves to never forgetting the Nazis. They have kept the Holocaust statues, museums, and concentration camp memorials to educate the public and honor the memory of its victims. Read about the German Holocaust statues—a reminder of the Third Reich evil.
What is the NVC empathy approach? How can you apply it in practice? Nonviolent Communication provides a helpful framework for maintaining an empathic presence when people express themselves. In NVC, empathy requires focusing our full attention on the person and listening for the needs and feelings beneath their words. Read about NVC, empathy, and communication.
What are overpriced stocks? How can you identify overpriced stocks, and how are they different from bargain shares? Overpriced stocks are stocks that have a higher share value than the true value of the company. In The Intelligent Investor, Benjamin Graham explains how to identify overpriced stocks. Read more about overpriced stocks below and how they differ from bargain shares.
What are some of the key Ego Is the Enemy quotes by Ryan Holiday? What do these quotes say about the consequences of having an unchecked ego? In Ego Is the Enemy, best-selling author Ryan Holiday discusses the ways an inflated ego can keep you from achieving success, destroy the success you’ve already achieved, and prevent you from emerging from failure. The following Ego Is the Enemy quotes highlight some of the author’s key ideas about having an inflated sense of ego. Check out these five Ego Is the Enemy quotes by Ryan Holiday.
Are you an extrovert in a relationship with an introvert? Do you know how to communicate with an introvert? Opposites often attract, including introverts and extroverts. But it is important to know how to communicate with an introvert because it’s different than with an extrovert. Keep reading for some tips on how to communicate with an introvert.
Do we know how extroverts think? How does it differ from the way introverts think and what does this mean for management? How extroverts think depends on the specific situation. One area of clear difference between introverts and extroverts is the thought process on risks. Extroverts are significantly more likely to engage in risky behavior, indicating that how extroverts think about risk and calculating risk is different from their introverted counterparts. Keep reading for more about how extroverts think.