The era when we only had to think about the logic of globalization and money has changed a lot since Russia's invasion of Crimea.
With China surrounding Russia, we must carefully consider what will happen to the global economy, what will happen to investors' perspectives, and what will happen to our economy.
--- p.26

Korea also has a large baby boomer population.
From the late 1950s to the 1960s, the population increased by 700,000 people every year.
But they are entering a period of economic downturn.
Predicting the exact timing is a matter of the divine, but at some point, when a lot of properties come up for sale, the number and purchasing power of young and middle-aged people, who will act as a support group, are smaller than that of the baby boomers.
Although the Seoul metropolitan area is said to be undefeated, considering that the population structure of the metropolitan area is no different, it is necessary to prepare for a sharp drop in transaction prices and confusion.
--- p.42

What if electricity or other renewable energy sources replace oil? While it's impossible to completely eliminate oil, a decline in demand could trigger the collapse of the petrodollar system.
--- p.54

Investors and individuals alike need to wake up from the dream of unlimited liquidity and face reality. They need to recognize that the euphoria of a bull market like 2020 and the "invincible real estate market" will not last forever. Only then can they enjoy a happy and secure economic life.
--- p.81

For a major financial crisis to occur, many things must collapse at once.
And now we have a lot of buffers.
If a real crisis were to occur, businesses and financial institutions would need to ensure they had cash reserves.
--- p.104

For over 30 years, the world has lived without the concept of shortages, but in the future, there is a high possibility that unexpected goods, raw materials, and grains will suddenly be banned from export, resulting in shortages.
The era in which the world's nations shared scarce resources and lived in an awkward balance is over, and we may never see it again.
--- p.125

The rise of Chosun Ilbo reminds us that even amidst global adversity, stocks that are meant to rise will rise.
Take a look around to see if there are any investment opportunities that can turn bad news into opportunities, and wisely apply a diversified investment strategy that will ensure your investment stability remains intact.
You may be a winner even in a prolonged bear market.
--- p.160

It is said that 'buy stocks in fear'.
However, it is not easy for ordinary investors to put this into practice.
So, it's important to have strict principles when investing in stocks, and to stick to those principles without being influenced by psychology.
--- p.166

When others think that the industry has completely failed due to harsh restructuring and most of the industry's leading companies have entered the 'very cheap value zone', investment experts buy 'representative stocks of the industry that will never fail'.
Those who don't hesitate to invest in key, blue-chip companies that are trading cheaply during a sluggish business cycle end up achieving great success.
--- p.187

I think it's important for beginners to increase their investment experience.
And as I gain experience, I believe that the best way to do this is through a diversified investment strategy.
I know you might think this is too textbook, but I'd like to say this.
Diversification is similar to the saying that going to bed early and waking up early is good for your health.
It's something everyone knows and can't argue with, but it's something we're reluctant to try.

--- p.267