The World's Best Book Summaries
What is floating currency? How does it work and why should it be used? A “floating currency” is the idea that the market should determine the value of a country’s currency. This is unregulated and according to Milton Friedman, much more beneficial. Read more about floating currency and how it works.
What is the Milton Friedman Capitalism and Freedom book about? What are Milton’s key ideas? In Milton Friedman’s Capitalism and Freedom, he outlines his ideas for a free market economy and how it can improve society. Friedman explains that capitalism is the answer to poverty, inequality, and more. Read more about Milton Freidman, Capitalism and Freedom, and his ideas.
What is Keynesian economic theory? What are the ideas associated with this theory, and do they work? Keynesian economic theory promotes aggressive federal spending. The theory posits that in times of depression or recession, the government can keep things stable by infusing cash into the economy. Read more about Keynesian economic theory below.
What is the problem with public housing? What does Milton Friedman suggest about how to fix these problems? According to Milton Friedman, part of the problem with public housing is that it’s run by the government. He argues that this program is poorly designed and causes harm without alleviating poverty. Read more about the problem with public housing and Milton Friedman’s ideas.
What was the Federal Reserve’s role in the Great Depression? Did the Federal Reserve cause the depression, and how did they respond? The Federal Reserve in the Great Depression played an important role. The Fed failed to act in the run-up to the Depression, worsening the effects. Read more about the Federal Reserve, the Great Depression, and how they’re connected.
What are aggressive investors? Are aggressive investing strategies successful? Aggressive investors are people who follow an investment strategy of discipline and research that may go against other common strategies. The aggressive investor is often unpopular because their strategy may seem counterintuitive to other investors. Read more about aggressive investors and their strategy.
Do you want to know how to value growth stocks? What strategies can you use for valuing stocks? Learning how to value growth stocks can help you choose the right stocks to invest in. Benjamin Graham offers a formula for valuing stocks in The Intelligent Investor. Keep reading to find out how to value growth stocks.
What do you need to know about managing your own investment portfolio? How can you successfully manage your stocks? Managing your own investment portfolio means treating your investments like a business. You are the manager of the business and need to treat your stock portfolio like you would a business you own. Read more about managing your own investment portfolio.
What are defensive investors? What strategies do defensive investors use? Defensive investors are people who want to avoid spending too much time on investing. They want to make money but maybe aren’t as concerned with huge returns. Read more about the principles and strategies of defensive investors.
How do Netflix salaries compare with the salaries at competing companies? What role does the salary strategy at Netflix play in their success? Netflix salaries do not use common structures like salary bands, raise pools or performance-based bonuses. The strategy used by Netflix is to pay top-of-the-market salaries so they are able to attract and keep the best talent. Read on for more about Netflix salaries and the strategy shared by Reed Hastings in No Rules Rules.