Foolproof book cover

Foolproof by Greg Ip Summary

Foolproof
Greg Ip
3.71 (331 Reviews)
Economics
Finance
Society
Resumen
Puntos Clave
Autor
Preguntas Frecuentes

Overview of Foolproof

In "Foolproof," Greg Ip reveals the paradoxical truth: safety measures often create new dangers. Endorsed by Pulitzer Prize-winner Liaquat Ahamed as "illuminating," this Financial Times best book of 2015 challenges everything you thought about risk. Why did football helmets actually increase injuries?

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Puntos Clave

1

The Paradox That Broke Wall Street

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October 13, 1989: Wall Street plunges 7% in a single hour, sending tremors through trading floors still haunted by Black Monday's ghost. At a Cambridge conference days later, Larry Summers radiates confidence-government safeguards have created impenetrable firewalls between finance and the real economy. Across the room, economist Hyman Minsky offers a darker prophecy: every successful rescue operation only emboldens greater risk-taking. Two decades later, the 2008 financial meltdown would vindicate Minsky's warning in spectacular fashion. What if our most sophisticated safety measures don't protect us-but instead create the conditions for catastrophe? This counterintuitive insight lies at the heart of a phenomenon that explains everything from forest fires to financial crashes: the more secure we feel, the more danger we court.

2

When Protection Breeds Peril

3

Engineers Versus Ecologists

4

The Great Moderation's Hidden Flaw

5

When Safe Assets Turn Toxic

6

The Peltzman Effect in Action

7

Reclaiming Wisdom in a Foolproof World

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Creado por exalumnos de la Universidad de Columbia en San Francisco

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"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."

@Chloe, Solo founder, LA
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comments
12
likes
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"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."

@Raaaaaachelw
platform
star
star
star
star
star

"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

@Matt, YC alum
platform
comments
12
likes
108

"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC
platform
comments
254
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"Feels effortless compared to reading. I’ve finished 6 books this month already."

@djmikemoore
platform
star
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"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."

@Pitiful
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"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."

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"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"

@Jaded_Falcon
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@OojasSalunke
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@Leo, Law Student, UPenn
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"Makes me feel smarter every time before going to work"

@Cashflowbubu
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star
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"Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."

@Moemenn
platform
star
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"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."

@Chloe, Solo founder, LA
platform
comments
12
likes
117

"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."

@Raaaaaachelw
platform
star
star
star
star
star

"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

@Matt, YC alum
platform
comments
12
likes
108

"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC
platform
comments
254
likes
17

"Feels effortless compared to reading. I’ve finished 6 books this month already."

@djmikemoore
platform
star
star
star
star
star

"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."

@Pitiful
platform
comments
96
likes
4.5K

"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."

@SofiaP
platform
star
star
star
star
star

"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"

@Jaded_Falcon
platform
comments
201
thumbsUp
16

"It is great for me to learn something from the book without reading it."

@OojasSalunke
platform
star
star
star
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star

"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."

@Leo, Law Student, UPenn
platform
comments
37
likes
483

"Makes me feel smarter every time before going to work"

@Cashflowbubu
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star
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