Book Review: The New Paradigm for Financial Market by George Soros

George Sors believed the equiliberium theory of market is not true and he proposed a reflexivity model, which states that market participants expectation affects markets fundementals, and the two sides are dependent on each other, making deviation from mean (equiliberium) more extreme (boom and bust pattern). In the past such situations triggers regulators intervention, but under Reagon's market driven philosophy, regulators now keep a blind eyes on market participants and rely on market's supposedly self correcting mechanism (rooted on the belief of equiliberium theory), which in turn leads to more extreme financial turmoil such as 2008 housing bubble, and he thinks there is a super-bubble superimposed on the housing bubble (credit expansion).

But his relexivity model can only explain the past but not able to predict what comes next.

This book came to my attention due to Nicholas Taleb's Fooled by Randomness: The hidden role of chance in life and in the markets

Book Review: The Hero with A Thousand Faces by Joseph Campbell

The book was recommended by Ray Dalio and from the back cover the book has been released since 1949 and has been a huge influential one, but for some reasons it just didn't click with me. Maybe because it is a comparative mythology of western culture, the culture divide may just be too huge for me to overcome.
Similarly, all the books by Ann Rand don't click on me too.
Hopefully I will be able to come back later and be able to appreciate the value hidden in the pages

Book Review: The Grown-up's Guide to Teenage Humans by Josh Shipp

• Every kid is one caring adult away from being a success story.
• When it comes to your teen, you can have control or you can have growth. But you can't have both.
• Connection before correction. Dr. Jane Nelson

Nuggets of wisdom

• Too many among us die at thirty and are buried at eighty
• Living the same week a few thousand times and calling it a life