The World's Best Book Summaries
How was the hedge fund LTCM formed? Why was the hedge fund created in the first place? Shortly after John Meriwether left Salomon Brothers, he sought to create a new fund. In When Genius Failed, Roger Lowenstein delves into the emergence of LTCM, its unique convergence strategy, and the high-risk, high-reward nature of its approach. Continue reading to learn about the early years of LTCM.
What is the Amazon 6-pager? How do Amazon employees use the 6-pager to present ideas? The Amazon 6-pager is a Deep Thinking Document (DTD) used to communicate complex ideas in place of a traditional PowerPoint presentation. The details of how these documents work can improve many business processes. Learn how the Amazon 6-pager works and how it has contributed to the company’s success.
What are the different types of intermittent fasting? How do you decide which type to choose? Different types of intermittent fasting include time-restricted eating and alternate-day fasting, either fasting during certain times or on certain days. Learning about each option can help you decide what’s right for you. Read on to discover common patterns for fasting, both time-restricted and alternate-day.
Why is there poverty in the US? Do immigrants have less social mobility? Is family structure a factor? The US is a prosperous nation. But, poverty has a hold on a significant portion of the population. The stubborn persistence of poverty has given rise to several false explanations for its staying power, including immigration, non-traditional family structures, and a bad work ethic among the poor. Read more to see how social scientist Matthew Desmond tackles these three myths about poverty in the US.
What are the three components of the mind? How do the three components explain the psyche? The three components of the mind, according to Freud, are the parent, the adult, and the child. Once you know what each of these components is like, you can understand your own psyche better. Continue reading to learn about these components of the mind and how the concept has evolved over time through research.
What was the 1997 Asian economic crisis? How did the crisis affect LTCM? Several Asian countries experienced a currency collapse in 1997. The crisis eventually found its way to the US, affecting several hedge funds, including LTCM. Here’s how the 1997 Asian economic crisis led to the collapse of LTCM.
Why is the House in disarray? How likely is another government shutdown? What are the consequences of Congress failing to approve required spending bills on time? Disarray in the US House of Representatives has sparked concerns about a government shutdown on November 17. Some experts argue that worsening political divides increase the likelihood of a shutdown. Others counter that the passage of a temporary spending measure will avert the crisis. Continue reading to learn whether or not another government shutdown is likely, and what it would mean.
What’s The Art of Community by Charles Vogl about? Do you belong to a community you care about and want to improve? Community expert Charles Vogl can help you achieve your goals of building or improving a community in his 2016 book, The Art of Community. He covers everything from the beginning stages of community development to the roles and responsibilities of leaders. Read below for a brief The Art of Community book overview.
What does emergent intelligence mean? How does emergent intelligence make Amazon more successful? Emergent intelligence is the concept of a team solving problems together without a central figure coordinating the project. Knowing how emergent intelligence works can grow your organization’s strengths. Learn how Amazon used the concept of emergent intelligence to its advantage.
What are the most important intermittent fasting supplements? Can supplements help you fast more healthily? Intermittent fasting supplements include activated charcoal, proteolytic enzymes, and adaptogens (such as herbs ashwagandha and ginseng). Each of these serves a different purpose, and having this understanding can support a healthier fast. Keep reading to learn what each of these supplements does and how it supports your health.