The World's Best Book Summaries
Do you own Bitcoin or other cryptocurrency? Is investing in Bitcoin a good idea? According to Robert Shiller, Bitcoin provides an excellent example of the power of an economic narrative. He explains the fascinating Bitcoin narrative within a larger discussion of how we understand and predict economic behaviors in a qualitative rather than quantitative way. Read more to learn about the Bitcoin narrative and why it’s compelling to so many.
Which is better—the gold standard or fiat currency? Could you make a sound economic argument for your position? In Narrative Economics, economist Robert J. Shiller argues that human beliefs and actions, rather than numbers and statistics, ultimately drive economics. Specifically, he writes that beliefs about the gold standard are part of a recurring American economic narrative. Read more to learn Shiller’s take on the gold standard vs. fiat currency debate.
What are some tips on investing in stocks? How can you avoid being caught in a speculative bubble? The best tips on investing in stocks include recognizing overpriced assets in the market and diversifying your portfolio. To avoid overpaying for stocks, you should consider these factors more in-depth. Learn why stocks become overpriced and how to avoid losing money in investments.
How can you use investing advice to improve your everyday life? What can you do to improve your decision-making skills? In The Joys of Compounding, Gautam Baid covers how to make meaningful investments in six life areas. He also includes how to maximize financial returns to gain wealth and financial independence. Read below for a brief overview of The Joys of Compounding.
How do Jeff Bezos and Amazon give back to the community? How can billionaires use their fortune for good? Amazon’s success has made Bezos one of the richest people on the planet, but his ambitions don’t end there. Bezos wants to use his wealth to be a positive force for change in the world. Take a look at Jeff Bezos’s philanthropy and charitable efforts.
What’s Thou Shall Prosper by Orthodox Jewish Rabbi Daniel Lapin about? Can you become wealthy and make the world a better place at the same time? In Thou Shall Prosper, Daniel Lapin explores ancient rabbis’ views on conducting business. Additionally, you’ll learn how to lead your own business and how earning money can be a spiritual pursuit. Read below for a brief overview of Thou Shall Prosper.
How did Sam Bankman-Fried get rich? What drove him to make money? Sam Bankman-Fried quickly became one of the wealthiest individuals in the world. Biographer Michael Lewis details how Bankman-Fried found financial success in his first job at Jane Street Capital and his first two companies—Alameda Research and FTX. Continue reading to learn how Sam Bankman-Fried became wealthy.
Have you been financially unstable recently? How can you achieve financial independence? In The Joys of Compounding, Gautam Baid gives advice for achieving financial independence. Baid underscores that financial independence is a way to boost happiness because it enables you to make value-driven choices and sidestep the anxieties linked to financial instability. Continue reading to learn how to achieve financial independence.
When does reinvesting profit make sense? Are there other things you need to prioritize before making a reinvestment in your business? Reinvesting profit allows you to reframe profits as business expenses and avoid extra taxes. Knowing when to reinvest profit is key to doing this successfully. This article will detail the steps you need to take and the things you need to consider before reinvesting your profits.
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.