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Summary of Kit Yates's The Math of Life and Death
- Narrado por: Paul Bartlett
- Duração: 25 minutos
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Summary of Kit Yates's The Math of Life and Death
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Sinopse
Get the Summary of Kit Yates' The Math of Life and Death
Sample Key Insights from Chapter 1
Number One
Pyramid schemes rely on investors recruiting multiple people to make money for everyone who enrolls in them. For a pyramid scheme to pay all its members, it would have to keep recruiting people indefinitely.
Number Two
Pyramid schemes inevitably collapse, because eventually, there will be no people left to recruit. The number of new investors needed at each level increases in proportion to the number of people in the scheme. This rapid growth phenomenon is known as exponential growth.
Number Three
In almost every real-world scenario, long-term exponential growth is unsustainable, and in many cases pathological, as the subject of the growth uses up resources in an unfeasible manner in a relatively short period. Sustained exponential growth of cells in the body, for example, causes cancer.