The World's Best Book Summaries
How much money went missing from FTX? Has the mystery been solved? In Going Infinite, financial journalist Michael Lewis provides a rare glimpse into the inner workings of Sam Bankman-Fried’s astounding rise and fall. Lewis shares what’s known about billions of dollars that went missing, including what Bankman-Fried told him about it. Read more to learn about the mysterious case of FTX’s missing money.
How good are your financial decision-making skills? Do you have trouble settling on a purchase? In The Joys of Compounding, Gautam Baid recommends sharpening your decision-making skills to excel in the world of investing. With the right approach, you can navigate the market’s intricacies, ensuring you distinguish between monetary market blips and significant changes. Here’s how to improve your financial decision-making skills so you can be an investing expert.
What’s the nature of money? How does money reflect your priorities and understanding of abstract concepts? According to Thou Shall Prosper by Daniel Lapin, money is a reflection of you: Everything from your possessions to your time, creativity, and energy can be measured in monetary value. For instance, when you go to work, you’re selling your time and energy in exchange for money. Continue reading to learn more about the true value of money.
Are you worried about losing money from investing in a failing market? How can you manage financial risk? In The Joys of Compounding, Gautam Baid advises mitigating potential losses by mastering risk management. In a landscape teeming with unpredictability, safeguarding your investments is essential. Learn how to manage financial risk so you remain shielded against unforeseen market downturns.
Who will win the chatbot wars? What obstacles do they face? How is the battle to dominate conversational AI evolving? ChatGPT’s popularity has ignited intense competition among tech giants to lead the AI chatbot market. Microsoft, Google, Amazon, and Meta are all rapidly developing conversational AI tools and integrating them into products in hopes of reshaping the search engine, productivity software, and consumer electronics markets. Read below for a background on the chatbot wars and who the players are.
How comfortable are you with financial insecurity? Where could you cut expenses? How can you get supporters to give you more money? In the traditional workforce, you have a steady stream of income, and—according to society, at least—you should be consistently building wealth for the rest of your life. In contrast, self-employment rarely comes with a stable income, and you’re not likely to become very wealthy. Read more to discover four money habits that freelancing guru Paul Millerd recommends.
Do you ever feel financially stuck or unable to make enough money to live the life you want? How can a change in mindset get you more money? In You Are a Badass at Making Money, Jen Sincero gives advice on identifying your unconscious beliefs about money. Additionally, you’ll be able to think more optimistically about your finances. Read below for a brief You Are a Badass at Making Money book overview.
What’s holding you back from making more money? How can you trigger a money mindset shift? According to You Are a Badass at Making Money by Jen Sincero, the best thing you can do to change your relationship with money is to change the way you think about money. If you address your limiting beliefs, nothing will stop you from achieving financial success. Let’s look at why shifting your mindset about money is the best way to reach financial success.
What are the biggest negative beliefs about money? Does money make you selfish? You Are a Badass at Making Money by Jen Sincero looks at a couple of examples of subconscious negative beliefs about money. Sincero asserts that many of us share these beliefs, as they’re a common part of societal messaging about money. Let’s discuss these negative beliefs about money and Sincero’s counterarguments for them.
What is merger arbitrage? How does a merger impact share values, and how can you use those changes to your advantage? Merger arbitrage is a strategy where investors take advantage of changing share values when one company acquires or merges with a second company. When shareholders receive new shares in a merger, they often sell those shares at a bargain price, creating an opportunity for special-situation investing. Learn more about what merger arbitrage is with these concepts from Joel Greenblatt’s You Can Be a Stock Market Genius.