Book Summaries
Chapter 1: Investment Versus Speculation (The Intelligent Investor)
Keep investments and speculation separate. If you must speculate, make sure it is no more than 10 percent of investment funds. There is intelligent investment, but also intelligent speculation. Intelligent investing includes: 1) analyze soundness of business’ fundamentals.
Keep investments and speculation separate. If you must speculate, make sure it is no more than 10 percent of investment funds.
There is intelligent investment, but also intelligent speculation.
Intelligent investing includes: 1) analyze soundness of business’ fundamentals. 2) a plan to prevent catastrophic loss. 3) pursuit of reasonable return.
To speculate means to bet that the market price will conform to your expectations. Stupid speculation is when you speculate while you believe you are investing, speculating without the necessary knowledge and skill, and speculating with money you cannot afford to lose.
Many on wall street promote speculation because it produces money for the industry. Trendy formulas and systems are promoted, they may work for a while, but they all end up failing.
A successful speculator must act ahead of the latest trend. This is in contrast to intelligent investing, where trends don’t matter.
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Ch 7: The Rights Revolutions (The Better Angels of Our Nature)
Before the 19th century, the idea that animals should have rights was laughable. But throughout the century, movements that had their basis in humanitarianism and romanticism led to the protection of animals. Vivisection was banned, so was any form of animal cruelty.
Book Summaries
The Resurrection (Dominion)
By enduring the most agonizing fate imaginable, he had conquered death itself. ‘Therefore God has highly exalted him and bestowed on him the name which is above every name, that at the name of Jesus every knee should bow, in heaven and on earth and under the earth.
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The Language and Thought of the Child Summary (7/10)
Before Piaget, there was very little work done to understand child psychology. While there has been considerable progress since, there is a large debt of gratitude that psychology owes to him.
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Chapter 9: Disease (Genome)
•The ABO blood group gene is located on chromosome 9. • This gene determines a person’s ABO blood type. • Blood groups have been used in court cases to help identify murderers and in paternity suits. • The ABO blood group system was first discovered in 1900 by Karl Landsteiner.