The World's Best Book Summaries
What is working memory? How does it affect your ability to be productive? Your brain has a certain amount of working memory capacity. You can pay attention to only so much at a time. Naturally, this limitation affects your ability to get things done. Continue reading to learn about working memory capacity and how it impacts productivity.
How did the American consumer mindset come to be? What role did the government have to play? In his book The Psychology of Money, Morgan Housel included a postscript that discussed how the current mindset around money came to be. He argues that World War II and the Great Depression played a big part in how Americans approach money. Here’s why Americans have so many conflicted feelings about money, according to Housel’s postscript.
Where does the human need for recognition stem from? What can biology and psychology tell us about the hunger for social recognition? The desire you have to get more likes on social media or be popular in school can be explained by science. From childhood, humans need physical and social contact to survive and become functional. Eric Berne explores this phenomenon in his book Games People Play. Here’s why social recognition is vital to our well-being, according to Berne.
What are the three ego states in transactional analysis? What is the function of each state? The three ego states, according to Eric Berne’s theory of personality, are the parent, the adult, and the child. None of the ego states are “bad,” per se, but they each have their own function in social situations. Continue below to learn about Berne’s ego states.
What are the top financial lessons from Morgan Housel’s The Psychology of Money? How can this book help you change the way you view money and wealth? In his book The Psychology of Money, finance expert Morgan Housel argues against the conventional wisdom about financial success. He says that the key to financial success lies not in hard work and intelligence, but in understanding human behavior. Housel posits that when you understand how emotions and beliefs influence your financial decisions, you’ll make better financial decisions. Here’s a brief overview of the key themes.
What is wave-particle duality? How does it affect the theory of relativity? Physicist Stephen Hawking discusses the wave-particle duality, explaining how small particles act like both particles and waves. Because of this duality, general relativity doesn’t accurately model the behavior of small particles. Hawking describes the famous double-slit experiment, which demonstrates that particles act like waves. Keep reading to learn about wave-particle duality.
Did you know that you can use your money to make more money? How does putting even a small amount into an account that accrues compound interest help you grow your money? In his book The Psychology of Money, Morgan Housel discusses the power of compound interest. The key to maximizing your returns, Housel explains, is to invest as soon as possible and let your money grow over time. Here’s why compound interest is the best way to maximize your income and build wealth.
What is the key determinant of success in life? Is it hard work? Genetics? Privilege? According to Malcolm Gladwell, success is impossible without the opportunity to become successful no matter how hard you work. Furthermore, Gladwell writes that people who get opportunities early in life have a huge advantage over those whose opportunities come later in life. Here’s why earlier opportunities are more impactful.
Why do people play mind games on each other? Why are we so afraid of showing up authentically? Playing mind games is a normal part of psychological development—all people do it at some point in their lives. According to Dr. Eric Berne, the author of Games People Play, we default to mind games because the more fulfilling social form—intimacy—is either unavailable or too terrifying for most people. Here’s how to stop playing mind games and embrace sincere relationships.
What makes a good team leader? How do you, as a leader, ensure that all of your team members perform up to standard? As a leader, you must accept your team’s successes and failures: It’s your responsibility to ensure every team member is performing at a high standard. But if you push your team too hard, you’ll destroy your team’s morale and hinder their performance. According to Jocko Willink and Leif Babin, the authors of The Dichotomy of Leadership, there are two instances in which leaders ask too much of their teams: 1) imposing too many rules and 2) making