Malcolm Gladwell, the bestselling author of Blink and Tipping Point hits it out of the park again in his latest book, "Outliers".In this book, Gladwell explains the successes of successful people whom he calls Outliers and talks about how culture, opportunity and surrounding factors impact and contribute to these successes.He explains why the people of Rosetto, PA never died of sickness or div class="feedflare" a href="http://feeds.feedburner.com/~ff/StocksAdvice?a=JLEKu0kXQe0:4mBPzsr_kbU:XhI0_UKdTUU"img src="http://feeds.feedburner.com/~ff/StocksAdvice?i=JLEKu0kXQe0:4mBPzsr_kbU:XhI0_UKdTUU" border="0"/img/a a href="http://feeds.feedburner.com/~ff/StocksAdvice?a=JLEKu0kXQe0:4mBPzsr_kbU:yIl2AUoC8zA"img src="http://feeds.feedburner.com/~ff/StocksAdvice?d=yIl2AUoC8zA" border="0"/img/a a href="http://feeds.feedburner.com/~ff/StocksAdvice?a=JLEKu0kXQe0:4mBPzsr_kbU:7Q72WNTAKBA"img src="http://feeds.feedburner.com/~ff/StocksAdvice?d=7Q72WNTAKBA" border="0"/img/a a href="http://feeds.feedburner.com/~ff/StocksAdvice?a=JLEKu0kXQe0:4mBPzsr_kbU:V_sGLiPBpWU"img src="http://feeds.feedburner.com/~ff/StocksAdvice?i=JLEKu0kXQe0:4mBPzsr_kbU:V_sGLiPBpWU" border="0"/img/a a href="http://feeds.feedburner.com/~ff/StocksAdvice?a=JLEKu0kXQe0:4mBPzsr_kbU:qj6IDK7rITs"img src="http://feeds.feedburner.com/~ff/StocksAdvice?d=qj6IDK7rITs" border="0"/img/a a href="http://feeds.feedburner.com/~ff/StocksAdvice?a=JLEKu0kXQe0:4mBPzsr_kbU:gIN9vFwOqvQ"img src="http://feeds.feedburner.com/~ff/StocksAdvice?i=JLEKu0kXQe0:4mBPzsr_kbU:gIN9vFwOqvQ" border="0"/img/a a href="http://feeds.feedburner.com/~ff/StocksAdvice?a=JLEKu0kXQe0:4mBPzsr_kbU:dnMXMwOfBR0"img src="http://feeds.feedburner.com/~ff/StocksAdvice?d=dnMXMwOfBR0" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/StocksAdvice/~4/JLEKu0kXQe0" height="1" width="1"/

According to the new book Outliers by Malcolm Gladwell, countries that have high PDI’s (power-distance index) respect authority more and are less likely to speak up to or challenge superiors. The evidence cited is the case of a Korean Air flight where the first officer (the co-pilot) knew the plane was in serious trouble, but out of  perceived ‘respect’ for the pilot, was slow to suggest otherwise. The result of the first officer’s lack of speaking up was the plane crashing into the side of Nimitz Hill.

So how does this relate to the markets? According to the same study, Americans are supposed to have one of the lowest PDI’s, meaning that in order to avoid catastrophe, we aren’t afraid to speak up to authority in order to ring the alarms. Gladwell refers to this as “The Ethnic Theory of Plane Crashes”.

Apparently, when it comes to speaking up about potential fraud

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It's time to start doing your gift shopping. Here are some great investment, finance, and stock market books to give your friends and relatives. These are in no particular order other than the approximate order that I wrote about them, within the categories. You can click on the title of each book to get more info about them. And if you aren't sure what books are right for gifts, how about an a href="http://www.amazon.com/dp/B00067L6TQ/ref=nosim/?%5Fencoding=UTF8tag=antiquestocka-20linkCode=ur2camp=1789creative=9325"Amazon Gift Certificate/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /.br /br / center span style="font-weight:bold;"Fiction/span /centerbr /br /a href="http://www.amazon.com/gp/product/0804119120?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0804119120"A Conspiracy of Paper/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0804119120" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / by David Lissbr /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FDay-Trader-Stephen-Frey%2Fdp%2F034544325X%2Ftag=antiquestocka-20linkCode=ur2camp=1789creative=9325"The Day Trader/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / by Stephen Freybr /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FSet-Up-Paul-Erdman%2Fdp%2F0312968051%3Fie%3DUTF8%26s%3Dbooks%26qid%3D1194850092%26sr%3D1-1tag=antiquestocka-20linkCode=ur2camp=1789creative=9325" The Set-Up/aimg ...