Sweet Potato Blog

20231103 - Introduction 11 20231128 - Part 1: The Hearth and the Salamander 15 Similar to "Brave New World", this book is also about happiness vs meaning. There are always two options: hard and meaningful, or dumb and meaningless. Most of people choose the latter. They are at the bottom of the social pyramid. However, there is no meaning for lives. Life is just a game to everyone. In that case, should we pursue meaning or happiness? Maybe it's about avoid pain. Endless happiness only brings us pain. Because that's against our gene. 20231111 - Part 2: The Sieve and the Sand 87 How to read a book? 1. Choose high quality books 2. Get plenty of leisure time 3. Apply what learned from the books to our lives What the captain said are just meaningless sophistry. 20231120 - Part 3: Burning Bright 133 People are remembered by their actions, not but themselves. So, we need to do something to fullfill our lives. Remebering and waiting don't change the world. Surely those pro

20230726 - Introduction xvii LTCM, the famous Long-Term Capital Management. Is Wall Street different now? When will investors realize that those genius are charlatans? Is there anything better than passive Index Fund, such as SP500 and NASDAQ? The Rise of Long-Term Capital Management 20230726 - 1 Meriwether 3 Any useless habits and personalities are bad sign, no matter what position the person is at, and what achievements he or she has. When a social scientists claim they find some pattern, and so they can predict the near term future --- they are lying. Even Greenspan had no idea about it. What percentage of cut a fund manager should take away as bonus? I would say, zero. If they take 1% away, and 5 or 10 years later the fund got huge loss which is larger than all profit the fund got in the past 10 years, will they return their bonus in the past 10 years? "Antifragile" and "the Black Swan" help us a lot to understand this book. 20230829 - 2 Hedge Fund 23 Why those