A book that impressed me (when I finished reading all the brackets)

2025. 1. 1. 12:00U.S. Economic Stock Market Outlook

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A book that impressed me (when I finished reading all the brackets)

- Adventures in Finance / Mihir Desai (Feb)
I never imagined that this book would be on the list. I read the first few books after receiving them as gifts in September last year, and skipped because I didn't know what I wanted to say. I started reading them from the beginning again in February this year, and for some reason, every word of them is included. The book describes concepts familiar to financiers such as uncertainty, risk, options, insurance, value, and governance as concepts of life. The most impressive part was "leverage." It is safe to live a life where you own only options and don't have obligations. To shoulder a debt means that you have deep relationships with people around you. It raises the question of whether the prosperity and fun of life come from having more relationships

- Life is a series of problem-solving / Carl Popper (March)
I was reading the book that Minggu (I love and respect) lent me at a reading group in March 2017, but I didn't have enough time to cover it up. Each sentence was stuck in my heart, but I read it as a warm-up in March to commemorate the decision to read "Open Society and its Enemies" at another group in April 19. It gives me lessons to memorize, such as flexibility in thinking and learning from mistakes, every page. It's a pity that I feel a little less excited in the second half of natural science. The book is like a gift of life in that it was very easy to write Popper's essence. Shouldn't I read it again every three years

- Open Society and its Enemies / Carl Popper (April)
10 minutes to read a page of the world's most dense book. Arguments in every sentence. What I want to tell you in the end is incompleteness of predictions. The end of a long breath related to the philosophy of state that began when I read Plato's The State in January. Essentialism - A book written with anger about the dangers of materialistic thinking. Having witnessed the horrors of totalitarianism firsthand, I can understand how it feels. The attacks on the trends of Plato, Aristotle, Hegel, and Marx on essentialism and historicalism are too vast to summarize. One memorable line is, "The conspiracy theory is not worth paying attention to. It's not because there is no conspiracy. There is always a conspiracy. The problem is that it is difficult to succeed. Plans are always thwarted by unexpected events. Bigger problems arise when those who are obsessed with conspiracy theories come to power. When their plans don't go as planned, they don't understand the principle that things don't go as planned in the original world, they blame the failure of the plans on those who conspire against them and try to find out who are behind them." A book that has been misunderstood and abused in many ways.. That's why it's a must-read book at least once in your life

- Warren Buffett Bible / Warren Buffett (June)
Buffet's shareholder letter is regularly compiled into books. When he was just discharged from the military in 2006, he read "Invest like Warren Buffet" and 13 years later, Buffet's voice came back to me. I've seen his shareholder letter in person, but I can feel a new taste in a well-edited version like this one. What is an investment, what should an investment asset be, what should an investor be? Every page is filled with quotes, and I feel dizzy thinking that a book would be in tatters if I had seen it in hard copy instead of an e-book. A must-read that anyone who wants to use investment as a piggyback can't avoid whether they like it or not

- Bagabad Guitar / Author unknown (July)
"Don't be obsessed with the outcome." I was able to summarize in one sentence the uncertainty I've been contemplating since I started a business while making investment my business. You shouldn't be proud that the outcome of randomness comes out well, and you don't have to be frustrated because it's God's telling, because it's the outcome of randomness. But it's important to act. By doing what I think is right and what I have to do today, I can take a step closer to nirvana. A book from 5,000 years ago can explain so clearly how to adjust the controllable elements of life and accept the uncontrollable elements. The moment you realize the greatness of the scriptures, you don't have to be frustrated

- Henry Kissinger's World Order / Henry Kissinger (July)
I always put it off in fear, but I was forced to read it at an unexpected time. As expected, Kissinger was great. A story told by a teacher who harmonized experience and learning in an extreme way. Like the old story of the grandfather next door, a word that was thrown at me contains the depth of a thesis. After reading Popper's book in April, I wondered if I could access another book with such a high density, but it was updated in three months. The European order originated in Westphalia, the Middle East order is fundamentally incompatible with the Western order, Asia's order is difficult to summarize into one, and the American order is wandering between essentialism and realism. Roughly summarized, this is the content, but I can't convey the depth without reading it. Can we discuss the international situation without reading this book

- AI Investor Quant / Kwon Yong-jin (August)
I went to Oxford Mathematics Professor Kim Min-hyung's lecture on July 16, and I was very lucky to have a conversation before the lecture. Maybe it was a life-changing moment. A conversation that started with a very general theme of "What are you doing?" went on to hedge funds - quant, moved on to causal and correlation, and came to the conclusion that the ultimate difference between a human manager and a quant manager was only the difference in quantified input. I am amazed at the level of a world-class scholar to learn this realization from questions from someone who is not familiar with finance. Since that day, I have been buying and reading all the books with the word "quant" in them, and it was my first book. It reminds me how superficial and peripheral it was that we, especially those in the financial sector, understand quant. If you're interested in quant, it helps a lot in drawing the big picture

- Max Tegmark's Life 3.0

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