
Warren Buffett's Economics Lessons for Teens
Description
Book Introduction
An exciting economics lesson that you can read in the blink of an eye! A must-read for teenagers who understand the value of money. - Master everything from understanding capital markets to the wisdom of Warren Buffett in one book! - A book that enhances understanding of the real economy and fosters economic thinking. We all live our lives through economic activity. Experience the "Money Literacy" that will truly become your life's weapon! Learn the value of money and economic insights through the story of Warren Buffett, the world's most respected wealthy man. This book depicts the exciting journey of two main characters, Gyeongmin and Hyemin, as they explore the world of economics and investment. It teaches you how studying money and investing can be applied to making important decisions in life, helping you see investing as a way to discover value and plan for your future. To this end, first, we explained important concepts from the basics as easily as possible to help you understand the real economy. Second, we used friendly explanations, various image materials, and infographics. Third, it was written in a novel format so that Generation Z can read it comfortably and quickly in a colloquial language that is familiar to them. Fourth, we provide more in-depth economic knowledge through the ‘Teacher Ahn’s Note’ corner. Fifth, each chapter is marked with a level of difficulty, so if you find the content difficult, you can start with the easier chapters. Through this book, readers will not only gain a deeper understanding of economics and investment, but also experience growth as responsible economic participants. This book explores the essence of money and economics in an easy and fun way, making it a smooth read while also providing a deep understanding of the real economy and economic judgment. |
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Preview
index
preface
Character introduction
prolog
Teacher Ahn's Note - Why is everyone using an iPhone?
01 Welcome to the Millionaire Investment Club
To grow a tree, you need a 'seed'.
Story Plus - The Boy Who Sold Gum and Coke
What happens when you add value to something?
Teacher Ahn's Note - Carrot Market, Success through 'Plus'!
02 The Secret to Becoming the Owner of Your Own Business Right Now
A senior recommending investments? That's suspicious!
Transformation of the main gate supermarket
What happened to the boss?
Story Plus - Why is everyone excited about Berkshire Hathaway's annual shareholders' meeting?
I want to buy stocks
Teacher Ahn's Note: Berkshire Hathaway's Annual Shareholders' Meeting Becomes a Global Festival
03 How to Evaluate a Company's Economic Health
Calculating sales is a piece of cake!
Costs and profits, it's simpler than you think, right?
Is it risky or safe? It's all in the financial statements.
Teacher Ahn's Notes - The Enron Crisis That Shocked the World
04 Three criteria for judging a company's value
The powerful essence of three-letter initials
Dividends, we can receive them too?!
Teacher Ahn's Note - Dividend Stocks Have Pedigrees
05 The price went down, but it didn't get cheaper?!
Expensive stocks vs.
How to identify cheap stocks?
The value that is more important than numbers lies in the flow of the world!
Story Plus - Why You Need to Read Market and Industry Trends
Teacher Ahn's Note - Warren Buffett's Philosophy on Investing and Life
06 Even if the price is high, it is not expensive?
Look for something that is reasonably priced for its value.
Story Plus - Focusing on value, not price
Find a good company, a business you want to support.
Analyze the structure and various factors that make money.
Teacher Ahn's Note - What Companies Does Berkshire Hathaway Invest in?
07 What you need most is a great friend and the wisdom of Buffett.
Buffett's mentor and partner, Charlie Munger
Story Plus - Warren Buffett and Charlie Munger Meet
Three Key Principles of the Buffett System
Efforts to increase shareholder value
Buffett's idea of a successful life
Let's go to Omaha!
Teacher Ahn's Note - With 380,000 employees, what kind of company is Berkshire Hathaway?
Epilogue
Teacher Ahn's Notes - 3 Hot Spots in the Millionaire Investment Club
Character introduction
prolog
Teacher Ahn's Note - Why is everyone using an iPhone?
01 Welcome to the Millionaire Investment Club
To grow a tree, you need a 'seed'.
Story Plus - The Boy Who Sold Gum and Coke
What happens when you add value to something?
Teacher Ahn's Note - Carrot Market, Success through 'Plus'!
02 The Secret to Becoming the Owner of Your Own Business Right Now
A senior recommending investments? That's suspicious!
Transformation of the main gate supermarket
What happened to the boss?
Story Plus - Why is everyone excited about Berkshire Hathaway's annual shareholders' meeting?
I want to buy stocks
Teacher Ahn's Note: Berkshire Hathaway's Annual Shareholders' Meeting Becomes a Global Festival
03 How to Evaluate a Company's Economic Health
Calculating sales is a piece of cake!
Costs and profits, it's simpler than you think, right?
Is it risky or safe? It's all in the financial statements.
Teacher Ahn's Notes - The Enron Crisis That Shocked the World
04 Three criteria for judging a company's value
The powerful essence of three-letter initials
Dividends, we can receive them too?!
Teacher Ahn's Note - Dividend Stocks Have Pedigrees
05 The price went down, but it didn't get cheaper?!
Expensive stocks vs.
How to identify cheap stocks?
The value that is more important than numbers lies in the flow of the world!
Story Plus - Why You Need to Read Market and Industry Trends
Teacher Ahn's Note - Warren Buffett's Philosophy on Investing and Life
06 Even if the price is high, it is not expensive?
Look for something that is reasonably priced for its value.
Story Plus - Focusing on value, not price
Find a good company, a business you want to support.
Analyze the structure and various factors that make money.
Teacher Ahn's Note - What Companies Does Berkshire Hathaway Invest in?
07 What you need most is a great friend and the wisdom of Buffett.
Buffett's mentor and partner, Charlie Munger
Story Plus - Warren Buffett and Charlie Munger Meet
Three Key Principles of the Buffett System
Efforts to increase shareholder value
Buffett's idea of a successful life
Let's go to Omaha!
Teacher Ahn's Note - With 380,000 employees, what kind of company is Berkshire Hathaway?
Epilogue
Teacher Ahn's Notes - 3 Hot Spots in the Millionaire Investment Club
Detailed image

Into the book
As Kyungmin stared at her with wide eyes, Hyemin sat up straight and began to speak with a rather serious expression.
“As you know, the world we live in is based on ‘capitalism.’
In an economic system called 'capitalism', it really matters how each person earns, spends, and saves money.
Things like income, consumption, and asset formation are called 'economic activities.'
We have to live our whole lives engaging in economic activities.
You can tell just by looking at the adults around you. I believe that understanding and effectively managing economic activities is as important in life as studying.
"
I could feel the passion in Hye-min's voice as she continued speaking.
--- p.17
“Certificate?”
"huh.
You can think of this certificate as a 'stock' that represents 'ownership of the main gate supermarket'.
And they started calling the friends who owned these stocks ‘shareholders,’ meaning owners of the company.”
“Oh! So you’re not the only owner of the main gate supermarket?”
"that's right.
From then on, the owner of the main gate supermarket was no longer the boss alone.
“The money the owner put in to set up the store was added to the money invested to expand the store and stock the products, and many people became owners, or shareholders, of the company.”
--- p.65
“Uncle, what good things have happened to you? You seem to be in a really good mood today.”
"Oh, you got it? Today's the dividend day."
“Wow, a dividend? I’m jealous!”
At Hye-min's reaction, Kyung-min tilted his head curiously.
"Dividends? What's that?"
“Guy, I guess I have to teach you a trick today too.
Dividends refer to the distribution of profits earned by a company to its shareholders.
“I told you before that when a company does business and makes money, it generates profits.”
--- p.126
Teacher Ahn continued speaking with a laugh.
"okay.
Both money and fame can be considered as measures of success.
But Warren Buffett considers other values as a measure of success.”
Hye-min and Gyeong-min asked at the same time.
“What is that?”
“That is, ‘Am I loved by the people around me?’
Buffett warned that making money or fame your life's goal can lead to dangerous situations.
“As you know, the world we live in is based on ‘capitalism.’
In an economic system called 'capitalism', it really matters how each person earns, spends, and saves money.
Things like income, consumption, and asset formation are called 'economic activities.'
We have to live our whole lives engaging in economic activities.
You can tell just by looking at the adults around you. I believe that understanding and effectively managing economic activities is as important in life as studying.
"
I could feel the passion in Hye-min's voice as she continued speaking.
--- p.17
“Certificate?”
"huh.
You can think of this certificate as a 'stock' that represents 'ownership of the main gate supermarket'.
And they started calling the friends who owned these stocks ‘shareholders,’ meaning owners of the company.”
“Oh! So you’re not the only owner of the main gate supermarket?”
"that's right.
From then on, the owner of the main gate supermarket was no longer the boss alone.
“The money the owner put in to set up the store was added to the money invested to expand the store and stock the products, and many people became owners, or shareholders, of the company.”
--- p.65
“Uncle, what good things have happened to you? You seem to be in a really good mood today.”
"Oh, you got it? Today's the dividend day."
“Wow, a dividend? I’m jealous!”
At Hye-min's reaction, Kyung-min tilted his head curiously.
"Dividends? What's that?"
“Guy, I guess I have to teach you a trick today too.
Dividends refer to the distribution of profits earned by a company to its shareholders.
“I told you before that when a company does business and makes money, it generates profits.”
--- p.126
Teacher Ahn continued speaking with a laugh.
"okay.
Both money and fame can be considered as measures of success.
But Warren Buffett considers other values as a measure of success.”
Hye-min and Gyeong-min asked at the same time.
“What is that?”
“That is, ‘Am I loved by the people around me?’
Buffett warned that making money or fame your life's goal can lead to dangerous situations.
--- p.231
Publisher's Review
From understanding capital markets to the wisdom of Warren Buffett!
A book that enhances understanding of the real economy and fosters unique economic thinking.
"Warren Buffett's Economics for Teens," which covers the essence of economics and investing, is not just a simple financial education book.
This book provides readers with a deeper understanding of money and economics through Warren Buffett's philosophy and investment methods.
Warren Buffett is a figure respected worldwide for his investment philosophy and practical wisdom.
This book provides a fundamental understanding of money and economics based on Buffett's wisdom, and focuses on developing readers' practical economic judgment.
The book unfolds in a novel format as the two main characters, Kyung-min and Hye-min, learn about the capital market and corporate valuation while learning Warren Buffett's philosophy.
Stories help readers easily understand economic concepts.
It also explains in an easy-to-understand and accessible way the importance of a company's intrinsic value and the long-term outlook emphasized in Buffett's shareholder letters.
The core of this book is to view investment not as a simple game of "making money by putting money down," but as a process of discovering value and planning for the future.
This will enable readers to develop the ability to reason and make wise decisions when faced with various economic situations.
The book was written to enhance understanding of the real economy, and explains economic concepts in an easy-to-understand manner through various images and infographics.
Additionally, the 'Teacher Ahn's Note' corner provides a deeper understanding of economic knowledge.
This book not only provides readers with a fundamental understanding of economics and investing, but also provides them with the opportunity to learn how to wisely navigate economic situations. Beyond simply acquiring knowledge, this book will enable readers to experience growth and development as economic participants.
A book that enhances understanding of the real economy and fosters unique economic thinking.
"Warren Buffett's Economics for Teens," which covers the essence of economics and investing, is not just a simple financial education book.
This book provides readers with a deeper understanding of money and economics through Warren Buffett's philosophy and investment methods.
Warren Buffett is a figure respected worldwide for his investment philosophy and practical wisdom.
This book provides a fundamental understanding of money and economics based on Buffett's wisdom, and focuses on developing readers' practical economic judgment.
The book unfolds in a novel format as the two main characters, Kyung-min and Hye-min, learn about the capital market and corporate valuation while learning Warren Buffett's philosophy.
Stories help readers easily understand economic concepts.
It also explains in an easy-to-understand and accessible way the importance of a company's intrinsic value and the long-term outlook emphasized in Buffett's shareholder letters.
The core of this book is to view investment not as a simple game of "making money by putting money down," but as a process of discovering value and planning for the future.
This will enable readers to develop the ability to reason and make wise decisions when faced with various economic situations.
The book was written to enhance understanding of the real economy, and explains economic concepts in an easy-to-understand manner through various images and infographics.
Additionally, the 'Teacher Ahn's Note' corner provides a deeper understanding of economic knowledge.
This book not only provides readers with a fundamental understanding of economics and investing, but also provides them with the opportunity to learn how to wisely navigate economic situations. Beyond simply acquiring knowledge, this book will enable readers to experience growth and development as economic participants.
GOODS SPECIFICS
- Date of issue: December 20, 2023
- Page count, weight, size: 256 pages | 150*214*20mm
- ISBN13: 9791198026859
- ISBN10: 1198026855
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