The World's Best Book Summaries
Michael Porter’s airline industry analysis uses the Five Forces model to dig into major airlines and why they’re so consistently unprofitable. Even though they have billions of dollars in revenues, they’re chronically bad businesses. Porter’s five forces analysis helps you understand why.
What is Lacks Town? How many relatives of Henrietta Lacks lived there? Are Lacks Town and the town of Clover, Virginia still around? Lacks Town is the ancestral farm of the Lacks family. It has a single road and is across a two-lane road from Clover, Virginia. Learn about Lacks Town and the changes to Clover since Henrietta Lacks was alive.
What is ROIC in finance? What does it mean, and how do you use eit? ROIC in finance refers to the return on invested capital. Michael Porter argues that ROIC in finance is the most important metric for measuring a business success, and outlines how the Five Forces can help you analyze businesses.
Is buying a house a good investment? Why or why not? Though the traditional answer to the question “is buying a house a good investment” is yes, Robert Kiyosaki argues that it’s not. Not only is buying a house a good investment not the right answer, but a house can also be a liability instead of an asset. Learn more about the question “is buying a house a good investment” and why you should think about other investment opportunities.
What are strategic trade-offs in business? What kind of strategic trade-offs do you have to make? According to Michael Porter, strategic trade-offs force you to focus your business’s strategy by making certain things incompatible. In sum, you can have it one way or the other, but not both. Learn what this means in business.
What is the five forces model? How can you use the five forces to conduct business analysis? The five forces model is a model used in Understanding Michael Porter to break down why some businesses are profitable. The five forces model uses several key components of a business’s operations and its position within the industry.
What Rich Dad, Poor Dad‘s cash flow chart, and what can it teach you about managing and making money? The Rich Dad, Poor Dad, cash flow chart addresses an important basic principle of finance: having consistent cash flow helps make you rich. You can look to the Rich Dad, Poor Dad cash flow chart to understand how money generates money.
Who was the gynecologist that excised tissue from Henrietta Lacks? Why did Richard Wesley TeLinde want her cells? How did TeLinde use the cells for research? Richard Wesley TeLinde was a well-known gynecologist and the superior of the doctor treating Henrietta Lacks at Johns Hopkins. Dr. TeLinde was interested in the treatment and progression of carcinoma in situ, meaning noninvasive carcinoma. Learn about how Richard Wesley TeLinde’s research interests changed the course of science.
Who was the geneticist that may have revealed Henrietta’s real name? How did Victor McKusick attempt to dupe the Lacks family? Did McKusick and his postdoctoral fellow Susan Hsu do anything wrong? Victor McKusick is the geneticist at Johns Hopkins that studied the genes of Henrietta Lacks’ family. He and Susan Hsu were working on the issue of HeLa contamination. Find out what Victor McKusick and Susan Hsu did, and whether it was legal.
Are you looking for tips and advice on how to create wealth, and don’t know where to start? In Rich Dad, Poor Dad Robert Kiyosaki outlines his philosophy for learning how to build wealth with the ultimate goal of becoming financially independent. In the book, he focuses on how to create wealth for the long term so you can make the most of your money.