Get on the Roadmap to Wealth(In English, 2024). $10.
Prologue
A rosy vision of the future fuels the rise in asset prices.
The desire to purchase assets, even at exorbitant prices, leads to a surge in borrowing.
Investors who acquire assets at prices exceeding their intrinsic value believe in the existence of a "greater fool" who will pay an even higher price in the future.
Disregarding fundamental values, these investors become swept up in the mechanics of the "greater fool theory," focusing solely on the potential for further price increases.
However, when the "greater fool" fails to appear, asset prices plummet, and the bubble bursts.
In the end, the absence of a "greater fool" leaves the market with a lasting lesson—the paramount importance of intrinsic value.
Building portfolios based on intrinsic value is the safest path to resist the allure of bubbles and achieve sustainable outcomes.
By delving into the living history of economic and humanistic inquiries, one gains a deeper understanding of the essence of wealth and embarks on the "Roadmap to Wealth."
This roadmap is not about short-term windfalls but about achieving enduring prosperity through humanistic reflection and economic insight.
By establishing a sound investment approach, we empower ourselves to lead lives that align with our true aspirations.
I dedicate this book to Margarete, who is like Beatrice.
On November 17, 2024, in Woohakjae by Nomadsirius.
Table of contents.
Prologue.
Publication Right.
1. How Did Hitler Seize Power?
2. Why Was Schacht Acquitted at the Nuremberg Trials?
3. The Cambridge Apostles and the Cambridge Five Spies
4. Why Did the U.S. Military Government Expedite the Land Reform Act?
5. How Did Chaebol Corporations Emerge?
6. How Are Interest Rates Determined?
7. Why Does Money Move?
8. Why Did South Korea Participate in the Vietnam War?
9. How Did the Park Chung-hee Administration Formalize the Underground Economy?
10. What Did the Construction of the Gyeongbu Expressway Create?
11. How Did South Korean Chaebols Gain Exclusive Control Over Management Rights?
12. What Triggered the Assassination of President Park Chung-hee?
13. Why Did South Korea Experience the "Three Lows Boom" After the Second Oil Shock?
14. Why Was Korean Air Flight 007 Shot Down?
15. Why Did South Korea and Germany Experience High Growth Unlike Japan?
16. Why Did South Korea's Economy Fail to Transition to Qualitative Growth?
17. How Do Interest Rates Dominate the Economy?
18. igns of the Foreign Exchange Crisis.
19. What Currency Speculators Targeted During the Asian Financial Crisis.
20. The Decisive Reasons for the Collapse of the Daewoo Group
21. How to Grasp the Flow of Real Estate.
22. Why Did Greenspan Miss the Timing of the Recession?
23. The Regular Flow Behind Money.
24. Why did banks link CD interest rates to mortgage loans?
25. Why did CD rates become the benchmark for loan interest rates?
26. The main causes of prolonged real estate risk.
27. What were the decisive factors of the 2008 financial crisis?
28. Why bank interest rates rise even when the base interest rate is lowered.
29. The principles of earning money through bonds.
30. Why is controlling inflation so challenging?
31. Why the Bank of Korea uses M2 as a benchmark for liquidity.
32. The hidden connections between inflation, interest rates, and exchange rates.
33. Key factors influencing investment decisions.
34. Do real estate prices move in the opposite direction of interest rates?
35. The butterfly effect of Japan’s interest rate hikes.
36. Can we prevent the "1,400 won exchange rate" becoming the new normal?
37. How did Britain become a financial superpower?
38. How does the U.S. Federal Reserve determine booms and busts?
39. How the Bank of Korea Regulates the Money Supply
40. Why Did Financial Tycoons Assassinate Lincoln?
41. How Did Britain Build Its National Wealth?
42. Causes of the Fall of the Western Roman Empire.
43. The Impact of Trump’s Election on the South Korean Won and Japanese Yen.
44. Elon Musk's Incredible Secret to Changing the World.
45. What Was Trump's Landslide Election Strategy?
46. Can China withstand Trump’s pressure?
47. Can Trump handle Russia?
48. Will Trump resume negotiations with Iran?
49. How to navigate the Trump era?
50. What could Newton not calculate?
51. Why did Rembrandt go bankrupt?
52. Why do asset prices keep rising?
53. Why the Obsession with Leveraged Investments?
Author 'NomadSirius' Introduction.
Sirius means ‘dazzlingly bright.’
It appears before the sunrise.
Imagining Sirius rising just before dawn, the journey begins into a nomadic exploration of classics and the humanities.
As part of the Global Great Eastern Nomad Cultural Project, plans are underway to publish 333 eBooks, a series of English humanities glossaries, and an English fantasy novel series.
