The World's Best Book Summaries
Are you wondering how to make a financial plan? Are you looking for an easy way to save money? Luckily, Tony Robbins has answers for you in Money: Master the Game. In just four steps, you can master the art of finances and develop a rich lifestyle. Keep reading to learn how to make a financial plan by keeping a positive attitude and investing wisely.
What is prop trading? How do firms and banks use prop trading to trade against their customers? Proprietary trading (also known as “prop trading”) is used by banks or financial firms to trade for themselves, not their customers. However, doing so means that they’re competing against their own customers, and they have more power to win. Continue to learn what is prop trading and how it works as a scheme.
Do you want to know how to save more money? What are the obstacles that can prevent you from saving? In Money: Master the Game, motivational speaker and life coach Tony Robbins provides the key to saving money: spending less and investing more. With this, he explains that you can fast-track your saving progress in just three ways, but you have to avoid the pitfalls that will derail your progress. Here are Tony Robbins’ tips to save money so you can live a rich lifestyle.
Is it safe to invest in the stock market? Does high-frequency trading make it unsafe? High-frequency (HF) traders aren’t going anywhere anytime soon, but don’t make the mistake of getting caught up with them. HF traders ultimately caused the stock market crash of 2010 and practicing high-frequency trading can get you into legal trouble. That being said, if you play the game of trading fairly, it’s safe to invest in the stock market. Here’s why you should steer clear of high-frequency trading if you want to safely invest in the stock market, and how Wall Street firms might have a
What is Money: Master the Game about? What advice does motivational speaker and author Tony Robbins give about creating a better financial future for yourself? In Money: Master the Game, Tony Robbins assures you that a financially stable lifestyle isn’t difficult to achieve. To live this lifestyle, Robbins emphasizes that you have to change your limiting beliefs about money and build an investment strategy that will secure you for the long run. Check out the advice Robbins gives to master money and live your dream lifestyle.
Are you looking for background on Michael Lewis’s Flash Boys book? How was the book received by critics? In the book Flash Boys, Michael Lewis gives a basic explanation of the unethical methodology of high-frequency trading, how it’s affected the financial industry, and how Brad Katsuyama dedicated his career to stopping HFT. Knowing the book’s context also helps to understand the impact the book had on regulations and investigations into HFT. Here’s a review of Flash Boys, with background, critical analysis, and impact.
What are the six human needs? How can you apply these needs to finances? According to Tony Robbins in Money: Master the Game, there are six human needs we’re trying to fulfill: security, variety, closeness, meaning, participation, and progress. Each of these needs is important to understand because money has a say in how we achieve these needs. Let’s explore how money affects these needs and compare them to Maslow’s hierarchy of needs.
What is electronic trading? Is it easy to buy and sell stocks electronically? The answer is, if you know what you’re doing, it’s fairly simple. Electronic trading is the process of trading stocks using computer technology. It only takes three steps: gathering market data, making a smart trade decision, and executing an order. We’ll explain what electronic trading is and how it fits into the modern stock market that relies on technology.
What’s the conflict trap? What causes conflict in developing nations? In his book The Bottom Billion, economist Paul Collier explains that one big reason why many poor countries stay poor is because of conflict. This conflict is often fueled by low income, slow growth, and natural resource dependence. Continue reading to learn about the conflict trap, according to Collier.
What’s the difference between active and passive investing? Which one is smarter to practice? In his book Money: Master the Game, Tony Robbins says that passive investing is the smarter approach, as you’re less like to lose money than you would with active investing. However, he does say that you can use either strategy when dealing with your investments. Here’s Robbins’ explanation of active vs. passive investing.