Hey hey, Nik here with our newest book summaries.
I recently saw a video in which Noah Kagan interviewed several multi-millionaires about how to get rich during a recession. The #1 takeaway? Double down — work hard, save money, and keep investing. Now's the time to earn cash and buy good assets for the long run at cheap prices.
One way you can do this? Get curious about crypto! DeFi, decentralized finance, for example, is one way to use your existing money to earn regular cash flow each week — and then reinvest that into other assets. Josh Rhodes from Crypto Y'all* runs regular webinars to help you get started. If you're curious, join the next one*, and see if that's an idea you can act on.
Alright, that said, let's get into this week's bestsellers!
Disclaimer: None of this is financial advice.
Jack Welch was the CEO of General Electric, one of the world's biggest companies, for 40 years.
During his tenure, the company grew by a factor of 300x. By the time he retired, it was worth nearly half a trillion dollars.
Welch's famous, "if you can't be #1 or #2, don't play" philosophy, along with his relentless optimism and get-it-done mindset made his approach the gold standard in business, and in this book, co-written with his wife, he unpacks it all.
If you want to learn how to make a company successful thanks to deep thinking, original ideas, and common sense, watch this video.
The 100-Year Life by Lynda Gratton
1-Sentence-Summary: The 100-Year Life teaches you how to be resourceful and prepare ahead of time for a world in which people not only live longer but reach an age in the triple-digits, and talks about what you should be doing right now to ensure you have enough money for retirement.
Top 3 Lessons:
- Nutrition and developments in medicine help us live longer, more fulfilling lives.
- A good way to prepare for your seniority is to learn new skills and adapt to economic conditions..
- Retirement implies financial independence, exploration stages, and self-growth.
If you want to live to 100 and enjoy every year, including the very last, this book is for you.
The 22 Immutable Laws of Branding by Al Ries
1-Sentence-Summary: The 22 Immutable Laws of Branding is a compilation of laws that provides insights for conducting successful marketing campaigns by focusing on the essence of branding and how brands must be created and managed in order to survive in the competitive world.
Top 3 Lessons:
- To promote a brand, you'll need to follow the first three rules of advertising.
- Building a brand starts with the Law of Publicity and the Law of Advertising.
- The laws six to ten will prove to be the most valuable for your brand.
If you want to build a successful brand, this book is for you.
Guns, Germs, and Steel by Jared Diamond
1-Sentence-Summary: Guns, Germs, and Steel is a multidisciplinary study that employs anthropological, biological, evolutionary, and socio-economic analyses to chart the fates of different peoples throughout human history and understand why some groups succeeded to develop and advance, while others haven't.
Top 3 Lessons:
- The origins of the modern world could be traced back to the first form of agriculture in Mesopotamia.
- Languages emerged as a result of keeping records of agricultural work.
- Environmental factors played the biggest role in today's international discrepancies.
If you want to understand how history got us all the way to now, this book is for you.
That's it for this week. Have a great weekend!
Happy reading,
-Nik
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