
cowardly money
Description
Book Introduction
Hwang Hyun-hee, who had already achieved complete financial independence at an early age, is known among those who know her as a skilled investor. As the first investor, not a comedian, he reveals the golden principles of investing that have even experts nodding in surprise. The key words in this book are ‘cowardice’ and ‘rest.’ First, admit to your 'cowardly' desire to earn more than your abilities. Second, to do so, understand the big cycle of investments and allow for a 'rest period' in your investments. In particular, 'rest' is a very essential principle, but one that no one has recommended or followed for a long time. By the time you finish this book, you'll be convinced by the provocative argument: "Get out of investing now." |
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Preview
index
Opening remarks
Prologue | I hope this book will be the third laugh.
Part I.
Money is not a tool, it is a purpose.
1.
Money isn't designed to be ignored by you.
2.
Three Meanings of Being Money-Oriented
3.
All that can be achieved without time is illusion.
4.
Time is not something to be spent diligently, but rather something to be spent wisely.
5.
The first step to investing is to distance yourself from investing.
Part II.
The only way to become rich the ordinary way is through cowardly money.
1.
While we are investing, we do not see the investment.
2.
There is an opportunity for reversal in 'rest'.
3.
The saying, "Now is a good time that will never come again"
4.
The land of opportunity only for the 50, cowardly money
5.
The real question you should be asking is when to start.
6.
When 'lucky' money becomes medicine and when it becomes poison
7.
The best motivation isn't willpower, it's performance.
8.
Three Criteria to Keep in Mind When Accepting Cowardly Money
9.
When the moment comes for you to gain power through cowardly money
Part III.
Distance yourself from investing, find the person you are.
1.
It's time to break free from the curse of familiarity and meet myself.
2.
Defining money in my own way
3.
Redefining writing
4.
'Jansim', the magic that makes you rest but not leave
5.
Ultimately, one thing you have to do while resting is ask questions.
Epilogue | With the hope that the words of an African grandmother will reach you - Jegal Hyeonyeol
Detailed image

Into the book
I like money.
I love money very much.
Looking back, the world we live in hates the idea that it likes money.
They point fingers at people who love money and call them materialistic, and teach them to be ashamed of themselves for saying such things.
People who earn a lot of money become the objects of envy and jealousy, and are even accused of having something shady behind them.
To say that you love money means that you have little to gain and much to lose.
But from now on, I'm going to say something that's exactly the opposite of these things.
Rather than saying, "I failed in business," I want to talk about how you should not let your business fail. The reason you fail in stocks is not because you chase money, but because you are not qualified to chase money. Rather than talking about the experience of being scammed, I want to talk about the reason why you have never been scammed.
---「 Part 1 Chapter 1.
From "Money Wasn't Designed to Be Ignored by You"
There is a curse that always falls on people who do not realize that they have to spend time for the purpose of money.
This is the 'curse of ramen'.
If I had bought Bitcoin in 2015, if I had bought Apple stock in 2008, if I had bought Samsung Electronics stock in 1997, if I had bought Hyundai Apartments in Apgujeong-dong in 2014, if I had definitely bought an apartment in Seoul in 2017, if I had not rented the apartment back then and had bought the apartment with that money…
It is a curse that makes it a habit to say “If only I had done ~”.
Those who have succeeded in investing are those who have spent a lot of time on the 'if' point that those who have failed to invest talk about.
Conversely, if you are currently regretting that point, it is because you did not invest any time there.
---「 Part 1 Chapter 3.
From “The only thing that can be achieved without time is an illusion”
The best way to spend your time to achieve your investment goals is to stop investing right now.
This is my secret to success in investing, and it's the only way you can make the most efficient use of your time investing.
It's incomprehensible that you tell me to invest, that you tell me the fastest way, and then tell me to just take a break instead of investing.
It would be absurd and ridiculous.
But I am sure.
By the time you hear the whole story, it may make you slap your knee.
Why should you take a break? Because only then can you discover the path to successful investing.
I believe this is the quickest and surest way for most ordinary people to become rich.
How is this paradox possible: you can become rich by resting and not investing?
---「 Part 1 Chapter 5.
From "The first step to investing is to distance yourself from investing"
There are two main arguments for the argument that you absolutely cannot stop investing now.
First, now is a really good time.
Second, this period may never come again.
To conclude, both claims are wrong.
And only when you realize that both of these are wrong can you finally rest.
Only then can you start making money.
Let's start by looking at the phrase "now is a good time."
Is now truly a good time to invest? The correct expression is "it was a good time."
The future will be an unknown time.
Of course, the good times may continue.
However, on the contrary, bad times may come.
To understand this, we must remember the following facts:
Every investment in the world has a cycle.
---「 Part 2 Chapter 3.
From "The saying, 'Now is a good time that will never come again'"
It's a well-known fact that you can make money by waiting for the market to start rising.
Well then, let me ask you one more thing.
If this is a well-known fact, why haven't you been able to capitalize on the early stages of a bull market? Why haven't you made money during the KOSPI's halving, which happens every decade without fail? Why didn't you buy a spacious apartment in downtown Seoul when it was overflowing with vacancies? The secret isn't anything special.
Rather, the act of keeping things ordinary and common sense can be the greatest secret.
Because there are fewer people than you might think who follow this simple and common sense principle.
The extraordinary, the ability to practice the ordinary, is what makes it special.
---「 Part 2 Chapter 3.
From "The Land of Opportunity, Cowardly Money, Only Allowed to the Fifty"
The best motivation starts with achievement.
People change when they taste success.
And the behavioral mechanism becomes more robust and massive as the magnitude of the achievement increases.
Even if it is not the result of your own efforts, the sweetness of the achievement itself changes you.
No matter what anyone says, money is one of the most influential things in human life.
Perhaps the most influential one.
In such a powerful field, once you experience success, whether by accident or by riding on someone else's back, the resulting change will be profound.
Once you discover the point of cowardly money, start investing, and have the experience of making money by luck, you will start working harder to make that money your own.
---「 Part 2 Chapter 7.
From "The best motivation is not will, but 'performance'"
Anxiety is the habit of thinking about everything in this world in relation to my financial situation.
When I wake up in the morning and read a newspaper article, I first think about the impact that article will have on investments or the economy.
Whenever a new mobile phone device comes out, I always rush to the store to see what new features it has and try it out.
The moment the word "interest rate hike" or "tapering" appears in an article, I consider the impact it will have on me.
As soon as someone on YouTube posts an interview about the possibility of an economic crisis, I look at the won-dollar exchange rate and search YouTube for ways to make money during an economic crisis.
These seemingly small habits are the cause of stubbornness.
And these little things come together to create a point of insight that no one has yet discovered.
I love money very much.
Looking back, the world we live in hates the idea that it likes money.
They point fingers at people who love money and call them materialistic, and teach them to be ashamed of themselves for saying such things.
People who earn a lot of money become the objects of envy and jealousy, and are even accused of having something shady behind them.
To say that you love money means that you have little to gain and much to lose.
But from now on, I'm going to say something that's exactly the opposite of these things.
Rather than saying, "I failed in business," I want to talk about how you should not let your business fail. The reason you fail in stocks is not because you chase money, but because you are not qualified to chase money. Rather than talking about the experience of being scammed, I want to talk about the reason why you have never been scammed.
---「 Part 1 Chapter 1.
From "Money Wasn't Designed to Be Ignored by You"
There is a curse that always falls on people who do not realize that they have to spend time for the purpose of money.
This is the 'curse of ramen'.
If I had bought Bitcoin in 2015, if I had bought Apple stock in 2008, if I had bought Samsung Electronics stock in 1997, if I had bought Hyundai Apartments in Apgujeong-dong in 2014, if I had definitely bought an apartment in Seoul in 2017, if I had not rented the apartment back then and had bought the apartment with that money…
It is a curse that makes it a habit to say “If only I had done ~”.
Those who have succeeded in investing are those who have spent a lot of time on the 'if' point that those who have failed to invest talk about.
Conversely, if you are currently regretting that point, it is because you did not invest any time there.
---「 Part 1 Chapter 3.
From “The only thing that can be achieved without time is an illusion”
The best way to spend your time to achieve your investment goals is to stop investing right now.
This is my secret to success in investing, and it's the only way you can make the most efficient use of your time investing.
It's incomprehensible that you tell me to invest, that you tell me the fastest way, and then tell me to just take a break instead of investing.
It would be absurd and ridiculous.
But I am sure.
By the time you hear the whole story, it may make you slap your knee.
Why should you take a break? Because only then can you discover the path to successful investing.
I believe this is the quickest and surest way for most ordinary people to become rich.
How is this paradox possible: you can become rich by resting and not investing?
---「 Part 1 Chapter 5.
From "The first step to investing is to distance yourself from investing"
There are two main arguments for the argument that you absolutely cannot stop investing now.
First, now is a really good time.
Second, this period may never come again.
To conclude, both claims are wrong.
And only when you realize that both of these are wrong can you finally rest.
Only then can you start making money.
Let's start by looking at the phrase "now is a good time."
Is now truly a good time to invest? The correct expression is "it was a good time."
The future will be an unknown time.
Of course, the good times may continue.
However, on the contrary, bad times may come.
To understand this, we must remember the following facts:
Every investment in the world has a cycle.
---「 Part 2 Chapter 3.
From "The saying, 'Now is a good time that will never come again'"
It's a well-known fact that you can make money by waiting for the market to start rising.
Well then, let me ask you one more thing.
If this is a well-known fact, why haven't you been able to capitalize on the early stages of a bull market? Why haven't you made money during the KOSPI's halving, which happens every decade without fail? Why didn't you buy a spacious apartment in downtown Seoul when it was overflowing with vacancies? The secret isn't anything special.
Rather, the act of keeping things ordinary and common sense can be the greatest secret.
Because there are fewer people than you might think who follow this simple and common sense principle.
The extraordinary, the ability to practice the ordinary, is what makes it special.
---「 Part 2 Chapter 3.
From "The Land of Opportunity, Cowardly Money, Only Allowed to the Fifty"
The best motivation starts with achievement.
People change when they taste success.
And the behavioral mechanism becomes more robust and massive as the magnitude of the achievement increases.
Even if it is not the result of your own efforts, the sweetness of the achievement itself changes you.
No matter what anyone says, money is one of the most influential things in human life.
Perhaps the most influential one.
In such a powerful field, once you experience success, whether by accident or by riding on someone else's back, the resulting change will be profound.
Once you discover the point of cowardly money, start investing, and have the experience of making money by luck, you will start working harder to make that money your own.
---「 Part 2 Chapter 7.
From "The best motivation is not will, but 'performance'"
Anxiety is the habit of thinking about everything in this world in relation to my financial situation.
When I wake up in the morning and read a newspaper article, I first think about the impact that article will have on investments or the economy.
Whenever a new mobile phone device comes out, I always rush to the store to see what new features it has and try it out.
The moment the word "interest rate hike" or "tapering" appears in an article, I consider the impact it will have on me.
As soon as someone on YouTube posts an interview about the possibility of an economic crisis, I look at the won-dollar exchange rate and search YouTube for ways to make money during an economic crisis.
These seemingly small habits are the cause of stubbornness.
And these little things come together to create a point of insight that no one has yet discovered.
---「 Part 3 Chapter.
From "Jansim, the magic that makes you rest but not leave"
From "Jansim, the magic that makes you rest but not leave"
Publisher's Review
Hong Chun-wook, Yeom Seung-hwan, Kim Jong-bong…
Highly recommended by Korea's top investors and economists!
"It contains a golden lesson that no one has ever readily offered." ? Hong Chun-wook (Economist)
"You can get a glimpse into Hwang Hyun-hee's true experience as a successful investor." Yeom Seung-hwan (Director, IBK Investment & Securities)
"The 'rest' and 'cowardice' he advocates may be the best answer in investing." - Kim Jong-bong (Professional Investor)
Even the experts were surprised
The shortcut to wealth discovered by 'Investor Hwang Hyun-hee'!
This book is about the most basic and essential investment principles, yet it's something no one can recommend, something I can only discuss because I'm not an expert.
Few people know comedian Hwang Hyun-hee as an investor.
He has already achieved complete financial independence through investments at an early age and is already well known among those who know him as a skilled investor.
Starting with leaving [Gag Concert] and entering graduate school of economics, I studied economics as much as I could, opened my eyes to investment, and sought out numerous experts for advice.
However, he did not rely on other people's advice for everything, but thoroughly found a path that suited him.
As a result, the profits he earned through investments in less than 10 years have surpassed the total income he earned as a comedian over the past 20 years.
Even in an atmosphere where celebrities are reluctant to reveal that they have made money, he musters up the courage to be the first to honestly share his experiences and know-how as an investor.
Two secrets to investment success for ordinary people.
Admit your 'cowardice'.
And 'Rest!'
This book does not attempt to teach investing or predict the rise of any particular stock or region.
It simply tells the story of how ordinary people succeed in investing in an extraordinary, yet easy way.
The key words in this book are ‘cowardice’ and ‘rest.’
First of all, we must admit that we have a 'cowardly' desire to earn more.
For an ordinary person, the desire to make money is greater than their investment skills.
That is, I want to make a lot of money even though I have no skills.
But because they do not acknowledge this cowardly heart, they are swayed by the words of unknown experts and follow the cheers of others, only to suffer misfortune.
This book teaches you how to identify your own abilities and tendencies and find investments that suit them.
Second, understand the big cycle of investments and apply 'rest' to investments.
In particular, 'rest' is a principle that should be observed so obviously, but it is a principle that no one in the investment world has talked about and has been difficult to put into practice.
People always over-invest because they feel like this is a really good time and they are anxious that this time will never come again.
It's a well-known fact that investing in the early stages of a market uptrend is the key to making money, but even when the market is down, people can't stop thinking about the money they've lost, and end up losing money.
This book shares tips for identifying investments in a bull market, and emphasizes that simply maintaining common sense, like "rest," can be the greatest secret.
“If you want to be successful in investing,
“Get out of your investment right now!”
It's an easy read because it contains the authors' honest and candid thoughts and experiences, but before you know it, you'll be struck by a realization that feels like you've been hit in the head.
By the time you finish this book, you'll be convinced by the provocative argument: "Get out of investing now."
And once you understand that, then you can start making your own real investments.
Highly recommended by Korea's top investors and economists!
"It contains a golden lesson that no one has ever readily offered." ? Hong Chun-wook (Economist)
"You can get a glimpse into Hwang Hyun-hee's true experience as a successful investor." Yeom Seung-hwan (Director, IBK Investment & Securities)
"The 'rest' and 'cowardice' he advocates may be the best answer in investing." - Kim Jong-bong (Professional Investor)
Even the experts were surprised
The shortcut to wealth discovered by 'Investor Hwang Hyun-hee'!
This book is about the most basic and essential investment principles, yet it's something no one can recommend, something I can only discuss because I'm not an expert.
Few people know comedian Hwang Hyun-hee as an investor.
He has already achieved complete financial independence through investments at an early age and is already well known among those who know him as a skilled investor.
Starting with leaving [Gag Concert] and entering graduate school of economics, I studied economics as much as I could, opened my eyes to investment, and sought out numerous experts for advice.
However, he did not rely on other people's advice for everything, but thoroughly found a path that suited him.
As a result, the profits he earned through investments in less than 10 years have surpassed the total income he earned as a comedian over the past 20 years.
Even in an atmosphere where celebrities are reluctant to reveal that they have made money, he musters up the courage to be the first to honestly share his experiences and know-how as an investor.
Two secrets to investment success for ordinary people.
Admit your 'cowardice'.
And 'Rest!'
This book does not attempt to teach investing or predict the rise of any particular stock or region.
It simply tells the story of how ordinary people succeed in investing in an extraordinary, yet easy way.
The key words in this book are ‘cowardice’ and ‘rest.’
First of all, we must admit that we have a 'cowardly' desire to earn more.
For an ordinary person, the desire to make money is greater than their investment skills.
That is, I want to make a lot of money even though I have no skills.
But because they do not acknowledge this cowardly heart, they are swayed by the words of unknown experts and follow the cheers of others, only to suffer misfortune.
This book teaches you how to identify your own abilities and tendencies and find investments that suit them.
Second, understand the big cycle of investments and apply 'rest' to investments.
In particular, 'rest' is a principle that should be observed so obviously, but it is a principle that no one in the investment world has talked about and has been difficult to put into practice.
People always over-invest because they feel like this is a really good time and they are anxious that this time will never come again.
It's a well-known fact that investing in the early stages of a market uptrend is the key to making money, but even when the market is down, people can't stop thinking about the money they've lost, and end up losing money.
This book shares tips for identifying investments in a bull market, and emphasizes that simply maintaining common sense, like "rest," can be the greatest secret.
“If you want to be successful in investing,
“Get out of your investment right now!”
It's an easy read because it contains the authors' honest and candid thoughts and experiences, but before you know it, you'll be struck by a realization that feels like you've been hit in the head.
By the time you finish this book, you'll be convinced by the provocative argument: "Get out of investing now."
And once you understand that, then you can start making your own real investments.
GOODS SPECIFICS
- Publication date: November 8, 2021
- Page count, weight, size: 248 pages | 344g | 143*205*20mm
- ISBN13: 9791157845446
- ISBN10: 1157845444
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카테고리
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