Books

Overview: Sources of Return * Capital markets provide three tools for investors to generate returns: asset allocation, market timing, and security selection. * Asset Allocation: long-term decision regarding the proportion of assets that an investor chooses to place in particular asset classes. * Market Timing: deviations from the long-term asset-allocation targets. It represents

The Core Arguments * When the human population became sufficiently large and dense, and the rise of livestock and agriculture led to the development of infectious diseases, the spread of these diseases became a significant factor in human history. * Early writing served the needs of political institutions. It was never developed

The Core Arguments * Domestication as a Driver of Development: Jared Diamond posits that the availability of domesticable plants and animals is the key factor explaining disparities in human development. * Global Patterns of Food Production: Food production emerged independently in several regions, including the Fertile Crescent, China, Mesoamerica, the Andes, and

In this blog, I will first briefly summarise part 2 of the book since I have been occupied with my other commitments. The first two chapters describe the problem the author intends to solve in the next five chapters. The Core Arguments * The author argues that the availability of domestic

The Core Arguments 1. The author examines the vast sweep of human history, from the divergence of our lineage from African apes 7 million years ago to the colonization of the last remaining islands within the past 700 years. This perspective highlights the difficulty of predicting continental development if history

This is my second reading of this fascinating book. I previously read the Chinese version two years ago and summarised it on my blog. Now, I aim to create a more in-depth analysis by writing a summary for each major section: the prologue, 'From Eden to Cajamarca,' '