Alexander Hamilton by Ron Chernow Book Summary Readtrepreneur
(Disclaimer: This is NOT the original book but an unofficial summary.)
Alexander Hamilton was a man that came from nothing, but changed the world over the years. From an immigrant to an influential and significant figure in American history, he shaped the newborn America and gave it the order and
prosperity it has today. Nobody has done a better job than Ron Chernow in presenting the full life story of America's founding father, Hamilton. It allows us readers to go back in time and witness the birth of America, the professional and private struggles of Hamilton and how he overcame them all.
"Those who stand for nothing will fall for anything" - Alexander Hamilton
Alexander is one of the most greatly misunderstood figures in American history. He had been criticized for many of his ideas but he always stood by them firmly. His long-sightedness has allowed the United States of America to prosper today.
(Note: This summary is wholly written and published by readtrepreneur.com It is not affiliated with the original author in any way)
P.S. There is no better time to educate yourself on the history of America and appreciate the sacrifices of one of America's great founding fathers. Be reminded of the journey our founding fathers had to take, to secure the future of America's children.
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Chapter 1. Optimal Stopping – When to Stop Looking
One thing that makes life difficult is not knowing when to stop – this has been labeled as the Optimal Stopping Problem. There is a danger of quitting too early and missing out on something good, or quitting too late and exhausting the little energy and time that we have.
Thankfully, there is an algorithm that will make decisions much easier. It’s not entirely foolproof, but it will produce better outcomes than doing things randomly.
The Optimal Stopping Problem deals not with what option to select but how many choices to consider. Based on statistical data, the ideal percentage is 37%.
The Secretary Problem explores the idea of Optimal Stopping. Someone tasked to hire a secretary has to choose among applicants, but he must know when to stop so that he will not miss someone who is good for the job.
In looking for the secretary, stopping late means prolonging the choice unnecessarily, while stopping too early lets the best applicant go unhired. The strategy is to find a reasonable balance between the two conditions.
