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The Humanities of Wealth (Revised and Expanded Edition to Commemorate 200,000 Copies)
The Humanities of Wealth (Revised and Expanded Edition to Commemorate 200,000 Copies)
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Book Introduction
A super bestseller that sold over 200,000 copies in just two years!
A revised and expanded edition, complete with deeper thoughts and richer experiences!

The Alchemy of Investment Humanities Found in Books
Woo-seok is a successful investor who is passionate about reading and has learned how to win in the capitalist game by filtering the knowledge he learns from books into a framework of wisdom.
We guide you to acquire your own investment tools through the insights of philosophers, and encourage you to understand the Korean market and invest with confidence based on the theories of Nobel Prize winners in economics.
It makes us realize that both real estate and stocks are ultimately on the track of the capitalist game.
The humanities, filtered through the field experience of successful, practical investors, enable even those unfamiliar with philosophy or economics to view the market through the eyes of a giant.


The way money moves, seen from the shoulders of giants
The predictions posted by Woo Seok, the most popular debater on Naver Cafe's 'Real Estate Study', are considered 'prophecies'.
The 1.8 million members who come to the 'pilgrimage' represent his profile.
But he says his outlook isn't based solely on personal experience or thoughts.
He explains that the reason his outlook is so accurate as if it were a prophecy is because he stands on the 'shoulders of giants' and sees the path of money.
The moment you see that the economic theory from 200 years ago so accurately describes today's world, you find yourself nodding your head in agreement, saying, "Woo-seok is Woo-seok after all!"
This is the ultimate synthesis of the brilliant insights of Nobel Prize-winning economics geniuses, who have grasped the world, the direction of money movement, the path of investment, and the operating principles of wealth.

Experience and wisdom of successful Korean investors
He is a practical investor who has pioneered the path to success in the Korean investment market.
I rode the roller coaster many times in my investment that started with the deposit for my newlywed home.
But after learning how wealth works, I achieved enough wealth to enjoy life and retired in my early 40s, finding the freedom I had long dreamed of.
Of course, his assets have steadily increased since then, and as he has accumulated practical investment experience, he has solidified his position as a solid investor both internally and externally.

This book opens a new horizon in investment humanities, conveying proven experience and wisdom in a candid and honest manner.
It captures the raw breathing of investors who have survived the turbulent Korean investment market, and will serve as a beacon of light for those struggling in today's market.

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index
preface
The article predicting a pilgrimage to the Holy Land is actually just an old prophecy hidden in the humanities.


Chapter 1: How Philosophy Becomes an Investment Weapon

Things you can only see when you stand on the shoulders of giants
The barrier to entry is profit.
Standing on the shoulders of giants, you can see the path to wealth.
The proven truth that there is money in books

George Soros, who became a world-renowned investor thanks to Karl Popper
Why Soros Became a Great Investor
Two Keyword Keys to Understanding the 'Frame of Thought'
Bubbles arise because of errors and recursion.
Even bubbles created by investors' delusions can become opportunities.
The investor who made gold using philosophy

Kant's philosophy, which provided Munger with a strong foundation.
A leading figure in Western philosophy who criticized and synthesized rationalism and empiricism.
What We Can Learn from Kant's Critique of Pure Reason
Charlie Munger, who built a comprehensive mental grid model through reading.
Mental Grid Models Investors Need

Why Investors Need Descartes' Philosophy
How to Use Descartes' Philosophy in Investing
Investors learn from their ups and downs

The easiest way to apply Socratic philosophy to investing
How to Apply the Advice of 'Know Thyself' to Your Life
Two Ways to Apply Socrates' Advice to Investing
The investment method that suits me was discovered only after I got to know myself.


Chapter 2: Those Who Chose a Life of Slavery

Why do real estate prices rise further when a progressive government takes power?
Expansionary fiscal spending policies lead to inflation.
If you increase the money supply, the next step is inflation.
Why do real estate prices rise more under progressive governments?

If you blindly work hard without strategic thinking, you will fail quickly.
Queuing is more important than talent and effort.
Five Competitive Forces That Shape Strategy
The profitable industries have already been decided.

The road to hell is paved with good intentions.
The hellish things happening inside us right now
Someone has to get rich first

The market does not reward moral standards.
Don't impose moral standards on the market economy.
Why People Choose the Path of Slavery

It's not bombing that destroys cities, it's rent control.
Warnings about the side effects of rent control policies
Why we need a market economy and private property

Economic democratization is a shortcut to economic stagnation.
Why Politicians Choose Inflation
Labor unions seek privilege and threaten society.
Economic democratization leads to economic stagnation.


Chapter 3: The Mechanism by Which Real Estate Prices Move

Real estate in Seoul and the provinces will become polarized.
Why isn't the world flat?
The Power of Unity: 3 Keys to Supporting Innovative Companies
Why America's Manufacturing Hubs Are Fading
Why do human resources flock to certain regions and cities?
What are your insights on real estate investment in Korea?

Invest in Seoul, the superstar city
Who Benefits from the Heyday of Superstar Cities?
Since 2000, home prices in superstar cities have skyrocketed.

Which city and which neighborhood will see real estate boom?
The hidden meaning behind the phrase "victory of the city"
What are the factors that make a city successful?
The two most important factors for a city's success

A clear reason to buy a house in Seoul
The answer lies in the power of division of labor.
Limitations of the metropolitan area suppression policy

The theory of comparative advantage tells us to buy a house in Seoul, not the countryside.
Ricardo's Legacy 1.
comparative advantage theory
Ricardo's Legacy 2.
labor theory of value

Landowners become richer than businessmen and salaried workers.
Ricardo's Legacy 3.
differential rent theory

If you want to get a piece of the action, buy at least a piece of land.
The mechanism by which land prices in the world rise
The only thing that's going up is land prices.

Real estate prices vary depending on profitability.
Human selfishness enriches the world.
3 Real Estate Investment Tips from the Wealth of Nations

How will the prices of surrounding houses and commercial properties change when GTX is built?
The potential and limitations of road opening effects

How Much Should We Trust the Government's Real Estate Policy?
What is Public Choice Theory?
Seoul's redevelopment and reconstruction regulations are killing Gyeonggi Province residents.

Will the virtual price ceiling system really be effective in stabilizing housing prices?
High milk prices have caused a surge in milk prices.
Are house prices really rising because of multiple homeowners?
Why don't other countries regulate multiple homeowners?


Chapter 4: A Sure-Winning Stock Investment Strategy

The winning stock investment strategy of the genius economist who saved capitalism.
When a recession hits, the government simply increases spending.
The Life of a Multi-Talented Math Genius
Why did Keynes so disparage Marx's thought?
Can we predict how the public will think and invest?
Keynes' investment tips

Two investment formulas used by Keynes and Buffett
Criteria for deciding whether to invest or not
Criteria for deciding how much to invest

Invest in low PER and low PBR stocks.
What I discovered thanks to my obsession with measurement
Investing Lessons from the Mean-Reverting Power of Peas

Diversification method to minimize fluctuations in returns
What is portfolio selection theory?
What is the basis for determining risk?
Should I diversify my investments or concentrate my investments?

You can never make money with chart analysis.
Both the charts and the fund managers are all bullshit.
Two exceptionally effective investment strategies
Lessons from Efficient Market Theory

Invest in stocks with low returns over the past three years.
Buy when the market is cheap and sell when the market is hot.

To become rich, overcome the fear of loss.
The most dangerous thing is not to invest.
Overcome your fears and start investing while you're still young.

Is there a way to predict and avoid real estate and stock bubbles?
Why Asset Price Bubbles Form and Burst
Two indicators to help you overcome your herding instincts


Chapter 5: The Law of Wealth: Creating a Path to Investment

Why is everyone so anxious about not being able to live in Gangnam?
A human who confirms his presence through showing off
Relative poverty drives up Gangnam apartment prices.

Should I invest in developed or emerging markets?
Technology is the foundation for eternal growth.
As knowledge and skills increase, wealth grows explosively.

How to Use the 80/20 Rule in Investing
Can we accept Pareto optimality?
The world runs on the 80/20 rule.
How should real estate investors respond?
How should stock investors respond?

What is the Black Swan that bankrupted a Nobel Prize winner?
Why Risk-Free Trades End in Bankruptcy
How to Make Money Betting on Black Swans
The risk is greater than the mathematical probability.

If you want to make money, invest in innovative companies.
Creative innovation generates economic growth.
The genius economist who predicted the fall of capitalism
The biggest difference between Marx and Schumpeter
What investment targets does Schumpeter point to?

Put aside your intuition and make a cool-headed judgment.
How do investors think?
How 'fast thinking' leads to poor judgment
Two Biases That Ruin Your Investments
Use your reason and think slowly.


Chapter 6: How to Win at the Capitalist Game

The laws of the capitalist game that underpin all investment
Piketty's 3 Ways to Reduce Inequality
Three more realistic suggestions

Learn the rules of the capitalist game to survive.
Exchange rates were born when the gold standard disappeared.
Which will fall first: the value of money or the value of real estate?
The more debt you have, the more money you have?
Don't get hung up on fake money, hold real money.

Understanding human nature reveals where to invest.
Han Feizi, who knew how to read the way money moves
People will always try to steal money if given the chance.
Understanding human nature is the foundation of investing.

Should I invest in education or invest in real estate and leave it as an inheritance?
The world's nouveau riche are saving for their children's education.
The difference in housing prices by school district is greater in developed countries.

How will the US-China war affect the Korean market?
China challenges American hegemony
Why did the US let China grow so large?
How the US is pressuring China
How do America's demands and China's defenses clash?
How will America's strategy to contain China end?
Which side should Korea stand on?


Conclusion
Overcome your primal instincts to succeed in investing.

Reference books

Into the book
It's not because I'm a genius that my predictions have been right all along.
The reason my forecasts have such a high hit rate is because they are not just based on my personal experiences and thoughts, but also because I borrow the insights of giants.
My giants are the living economic giants of history.

In this book, I intend to share in an easily understandable way the investment insights of the giants I learned while studying the humanities.
Theories and messages are introduced mainly by economists who won the Nobel Prize in Economics.
Because economic theories are so diverse, and there are even many economists who advocate conflicting theories.
This is because the theories of Nobel Prize winners in economics can be said to have undergone rigorous verification and are considered more reliable than others.

If you simply understand the content contained in this book, you will be able to stand on the shoulders of giants, view the world better, and make sound judgments.
You will also gain a better understanding of how the world works and, most importantly, avoid unnecessary mistakes.
---From the "Prologue"

Publisher's Review
From the mechanism of real estate price fluctuations to the winning stock investment strategies of geniuses.

Until now, there has been no book that has looked at the humanities through the lens of 'investment.'
It's fascinating just to see how the humanities can be used so easily and enjoyably as a tool to open one's eyes to investing.
The author weaves a vast tapestry of investment, weaving together the humanities he has digested within himself and our current reality as warp and weft.

Chapter 1 explains in everyday language why we should read books, how philosophy can transform our thinking and our lives, and how philosophy can become an investment weapon.
Chapter 2 details the principles by which the economy and business cycle operate within politics and policy, how they change our lives, and why people choose a life of slavery.
Chapter 3 proposes a realistic real estate investment method we need today through the mechanisms of real estate price movements. Chapter 4 introduces a winning stock investment method derived from the theories of genius economists, encouraging individual investors to reduce mistakes and failures.
Chapter 5 breaks down stereotypes and misconceptions about investing by revealing how to interpret the flow of money and the workings of wealth based on the humanities. Chapter 6 helps readers understand human nature and the principles of capitalism, and draw a blueprint for successful investment.



Recommendation

Pilgrimage recommendations from members of Naver's "Real Estate Study" cafe, with 1.8 million members.

It is not difficult to write difficult content in a difficult way.
However, explaining difficult content in an easy-to-understand way using various everyday examples is not an ability that just anyone can possess.
In that respect, Woo Seok's writing is truly excellent.
-Ostroid

Wow, this is driving me crazy.
That's why everyone says, "Woo-seok, Woo-seok."
I feel that my inner strength is not coming out in vain, but rather the power to understand the world accurately and honestly.
Please don't post this so I can show my wife.
-rambar

Thank you for the good article, Woo Seok.
I'm learning a lot.
I never thought I would get my life's direction from an internet cafe.
I sympathize and appreciate it.
-With Dain

Please, please.
Please publish a book of your writings that explain the humanities in an easy and fun way.
I want to read it to my child.
-Nara Nara 2

I regret not finding out about Wooseok-nim until now. I will read diligently and break the stone~^^ - I like coffee

Mr. Woo Seok teaches difficult things in an easy way.
How can you convey even expert knowledge so easily and enjoyably? Please don't go anywhere and continue posting such high-quality articles.
-Deep
GOODS SPECIFICS
- Publication date: March 21, 2022
- Page count, weight, size: 332 pages | 522g | 152*225*30mm
- ISBN13: 9791196851200
- ISBN10: 1196851204

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