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Showing posts from March, 2023

Book: 20221205 to 20230317, "The Wealth Elite" by Zitelmann, Rainer

20221207 - Introduction 1 Academic analysis of the wealth elites? Interesting but hard. Part A Review of Existing Research, Research Questions and Methodology 6 20221208 - 1 Review of Academic Wealth Research 8 It's dangerous to let other people know that you are wealthy. Even scholars dislike the riches. Luckily people's attitude changed a lot in the past 50 years, so we know more and more about those billionaires. "Think and grow rich" is not completely wrong. If your identity(top priority) is "getting rich", and do everything for this goal, you are much more likely to make good money. However, is this really the best choice of our lives? Is there any survival bias? 20221208 - 2 Defining the Wealth Elite 24 2.1 Who are the economic elite? What is elite? I agree that we should it into three groups. 1. Based on reputation and status. Such as top professionals. 2. Based on money. Such as billionaires. 3. Based on power. Such as high level government officials

Book: 20230211 to 20230313, "Try Common Sense" by Philip K. Howard

20230212 - Introduction 11 Interesting. Can we rely on common sense to handle the current complicated society? How to tell and balance long term and short term benefit conflicts? Local and large area benefit conflicts? Regarding the 5000+ rules apply to apple orchard, most of them are used to avoid very rare incidents. But this should not be like car accidents: it doesn't make sense to apply so many rules to reduce the probability of very rare incidents. I guess the better way is to ask everyone to use common sense to protect themselves. Regarding the donation of the prom dresses, I don't understand why donation has to be unconditional. Regarding the airport security screening rules, I think it's to avoid noises from people's judgements. It's necessary. Law is for normal situation, not for rare exceptional cases. Thanks for the law designers, at least jury and judges can adjust the law a little bit. 20230212 - Part I Replacing A Failed Philosophy 19 20230212 - 1 Ame