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Get the Summary of Jane McGonigal's Imaginable in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: The COVID-19 pandemic, increasingly frequent climate disasters, a new war-events we might have called "unimaginable" or "unthinkable" in the past are now reality. Today it feels more challenging than ever to feel unafraid, hopeful, and equipped to face the future with optimism. How do we map out our lives...
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#1 Your identity is a powerful and influential driver that governs outcomes in all parts of your life. It defines the limits of your success, finances, and achievements. It controls the quality of your emotions, relationships, and self-worth.
#2 As a child, you were a blank canvas. You were impressionable, happy, and accepting. You had no reason to believe the external...
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#1 Wealth is created when a human being consciously and intelligently transforms his environment from a condition in which it is less to a condition in which it is more serviceable to his needs. Without wealth, man cannot exist.
#2 There are three factors in the production of all human wealth: land, capital, and labor. When we talk about the Means of Production,...
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Book Preview: #1 Paul English was the CEO of Kayak Software Corporation, and he had just announced that the company had merged with Priceline. The audience was ecstatic.
#2 After the meeting, Paul sat at his computer writing thank you emails to the team's congratulatory emails. He seemed unhappy about the news, but not in a mood to celebrate.
#3 Paul had created the engineering office...
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#1 Many world leaders have studied economics, but most seem to be happy without a degree.
#2 While economics can help you, actually running an economy requires much more than just that. John Maynard Keynes once argued that the master economist must possess a rare combination of gifts.
#3 Until recently, governments have been trying to collect economic data...
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#1 When you are ready to coach yourself, you must first understand how to best coach the unique individual that is you. This comes from your experience as a professional who has coached a wide variety of people and personalities.
#2 The second thing we will help you do is figure out what we will be coaching you toward. This is a necessity, since coaching should not be...
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#1 The German mark, the British shilling, the French franc, and the Italian lira were all worth about the same in 1913. By the end of 1923, the mark had fallen almost ten times its size. The mark's fall began gradually in the war years, 1914-1918, and accelerated in the 1920s.
#2 In the winter of 1918-1919, the German, Austrian, and Hungarian economies underwent political...
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#1 Money is a man-made deity that affects not only the fate of individuals, but also the future of sovereign states. Money is a primitive drive and collective subconscious, and it has carried over into modern society.
#2 The case of Yap Island demonstrates the essence of money is credit. The islanders used large stone discs called fei as a form of currency. If...
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#1 The traditional investment management approach is based on a single core belief: investors can beat the market, and superior managers will beat the market. That optimistic expectation was reasonable 50 years ago, but not today. Times have changed the markets so much in so many major ways that the premise has proven unrealistic.
#2 The difference between a winner's...
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#1 The US brought back more than 1,500 German scientists and engineers after World War II, many of whom were responsible for developing the V-2 rocket. One of these scientists was Magnus von Braun, who was responsible for developing the V-2 rocket. He claimed that his brother Wernher was the inventor of the V-2 bomb.
#2 To understand von Braun and his willingness to...
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#1 The Hierarchy of Powers is a framework of frameworks that ranks all economic competitions in terms of five types of economic power, from most general to most specific. The first decision investors make is what categories to invest in.
#2 Category power is a function of the demand for a given class of products or services relative to all other classes. The more demand there is for...
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#1 The term money laundering was coined in the 1920s, when gangsters would wash money to hide its origin. Today, the ideas and economics of money laundering are thousands of years old.
#2 Money laundering is the process of integrating the proceeds of crime into the mainstream financial system by hiding their origin. It is a sophisticated international game of intrigue...
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#1 Marginal utility is the additional utility gained from consuming an additional unit of a particular good. It is the reason people do not spend all of their money on a single good: consumption of most goods comes with decreasing marginal utility.
#2 The opportunity cost of a choice is the value of the best alternative that you must forgo in order to make that choice....
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#1 A bank is an institution that accepts deposits from savers, extends loans to borrowers, and provides a range of other financial services to its customers. Banks are a central part of the modern financial system.
#2 The global financial crisis of 2007—9 was a rude awakening for many commentators who had believed that modern, technologically sophisticated banks would...
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#1 The problem is that the United States has been on a path to a crisis of confidence in the dollar, as trade deficits have been accompanied by perpetual free trade and globalism. This must be solved to secure the future strength and stability of the United States.
#2 The CIA has many names for itself. It is often referred to as Langley, after its location in McLean,...
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#1 The post-World War II Kilgore Committee of the United States Senate heard detailed evidence from government officials that American financial assistance had helped build the German cartel system, and the German Wehrmacht.
#2 The American business press was aware of the Nazi threat and the nature of German war preparations, and they warned their readers about them. They were also...
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#1 The change in investment is not primarily about information technology. It is about the rise of intangible investment, in ideas, knowledge, aesthetic content, software, brands, and networks and relationships.
#2 Gyms are a great example of how the intangible economy is changing the way businesses operate. In 2017, a gym's assets can be touched and seen, while in 1977,...
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#1 The world is rich. The world is richer than it has ever been, and it continues to grow richer with each passing day. Extreme poverty is in rapid decline, and will be completely eradicated within our lifetime.
#2 The world has grown wealthier over the last century, and more and more of it has been able to move past the edge of subsistence. This is not just because...
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#1 When the government interferes with the free market, resources cannot be directed to their most efficient use. If people are not allowed to do the things that they find most profitable, they lose the incentive to invest and innovate.
#2 The free market doesn't exist. Every market has some rules and boundaries that restrict freedom of choice. A market appears free...
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