Entropy, Compound and Game Theory

20231111 - Introduction 1 20231111 - 1 Where Should You Start? 7 Things are quite obvious. If there is no enough money saved, it's meaningless to invest it. So, all people should focus on saving for quite a few years. 20231111 - I Saving 13 20231111 - 2 How Much Should You Save? 15 The major issue for most of people is that they don't have habit of saving money for investment. As I know, most of people only save money for oversea trip or new car or house upgrade, etc. That means they will never get enough money for investment. 20231111 - 3 How to Save More 24 There are many ways to get higher income, but they are just symptoms. I think the most important tip is to use spare time wisely. Reading may be the most effective way to improve ourselves. 20231112 - 4 How to Spend Money Guilt-Free 40 I like neither of the two ways. The easy way is to avoid wasting money. We should not spend money on anything that we may regret in a few years. For large purchase, we'd better wait for ...

20231029 - Prologue: Never Get High on Your Own Supply 1 Screen and Internet have changed our lives forever. We have no choice but adapt to the new environment. Why many people believe that communication through SMS is better than face to face? The illusion of self-protection and advantages of ignoring negative consequence? The cost of communication through Internet is lower than face to face talking. Part 1 What is Behavioral Addiction and Where Did it Come From? 20231029 - 1 The Rise of Behavioral Addiction 13 "The reward was so great that they would need to find a way to pass the time until the next reward was available." p57 Why boredom is so unbearable after getting unexpected reward? This reminds me of the idiom story "守株待兔", which means "wait for gains without pains". Normally we need to pay price to get reward, which means no pain go gain. But addictive stuff give us another possibility. We can feel happy through drug, instead of hard work. We can ...

20231129 - Chapter 1 20231129 - Chapter 2 20231129 - Chapter 3 20231129 - Chapter 4 20231129 - Chapter 5 20231130 - Chapter 6 This book is better than I thought! How can we avoid the similar mistakes those farm animals made? 1. Don't be lazy We need to learn, think and discuss things together, when life is good. Bad days may come anytime. Hard work itself is not enough. It doesn't guarantee good life in long term. 2. No one should be stay in power for too long time 3. Need check and balance of power Only ambition can go against ambition. Independence of justice system is critical. 4. Democracy has its own weakness "Tyranny of the majority" is real. That's how the benefit of cats and dogs are sacrificed by admitting rats are friends. 5. Education is also critical Nazies and extremists are formed when they were young. 20231211 - Chapter 7 20231211 - Chapter 8 20231211 - Chapter 9 20231211 - Chapter 10 One bug of this book: everyone is Napoleon. The whole society is ...

20231016 - 1 The structures in our lives — or how to communicate with engineers I never thought about the world this way. There are so many things that we are so used to them, and then we don't pay attention to them. Does this understanding help our lives anyway? 20231019 - Part One - The difficult birth of the science of elasticity 20231019 - 2 Why structures carry loads — or the springiness of solids Force applys to molecules and atoms, which cause completely different effect on different material. The world is amazing. 20231019 - 3 The invention of stress and strain — or Baron Cauchy and the decipherment of Young’s modulus Stress and strain; strength and stiffness. Stress is the force per unit area, strain is the shape change per stress. Strength is the stress need to damage the material, stiffness is capability to maintain the shape after stress. In old days, the progress of technology, is more about natural selection. People don't know why something works, so they don'...

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 ...

20230902 - Introduction by Margaret Atwood "Life has meaning beyond the play of senses, and that immediate gratification will never be enough.", p xvi How to get meaningful life? What should we do after financial indepedence? Life is like game. If we keep winning in the game, overcome all challenges, is that make our lives meaningful? 20230904 - Introduction by David Bradshaw Great book come from genius, hard work and luck. Just like all other great stuff. What is the best institution in the future? Democracy is necessary, but should we get UBI? What will UBI bring to people? 20230904 - Aldous Huxley (1894 - 1963) Aldous Huxley is more like a philosopher instead of a writer. His opinion changed with the environment changes, and ended with pessimism. Is the world getting better in the past 60 years? Economy growth covered a lot of serious problems. Will the current prosperity backfire? If yes, how will it happen? Fertility rate crash? Extreme weather? AGI? 20230906 - Foreword ...