And financial literacy gives you the tools to build your personal financial statement... which tell you the story about how you are managing your cash flow
Once upon a time, the world was neatly divided into prosperous and backward economies. Babies were plentiful, workers outnumbered retirees, and people aspiring towards the middle class yearned to own homes and cars. Companies didn't need to see any further than Europe and the United States to do well. Printed money was legal tender for all debts, public and private. We grew up learning how to "…
In 1965, the US government helped the Indonesian military kill approximately one million innocent civilians—eliminating the largest Communist Party outside China and the Soviet Union and inspiring other copycat terror programs. In this bold and comprehensive new history, Vincent Bevins draws from recently declassified documents, archival research, and eyewitness testimony to reveal a shoc…
No Contest stands as the definitive critique of competition. Contrary to accepted wisdom, competition is not basic to human nature; it poisons our relationships and holds us back from doing our best. In this new edition, Alfie Kohn argues that the race to win turns all of us into losers.
The knowledge of death is so terrifying that we live most of our lives in denial of it. Throughout human history—from the immortal afterlife of Judeo-Christian thought to the cycle of reincarnation posited by many Eastern religions—we have developed beliefs that allow us to avoid recognizing its finality. One of the most difficult moments of childhood must be when each of us first realizes …
We all know markets rise and fall, but when should you pull out, and when should you stay in? The answer is never black or white, but is best reached through a keen understanding of the reasons behind the rhythm of cycles. Confidence about where we are in a market cycle comes when you learn the patterns of ups and downs that influence not just economics, markets and companies, but also human ps…