The relationship between bubbles, debt and financial crises can be summed up in three sentences
1. Bubbles are not terrible, what is terrible is debt (the bubble that spawned)
2. Debt is not terrible, what is terrible is real estate debt
3. Real estate debt is not terrible, it is terrible to drag down banks and shadow banks
Love is an extremely scarce quality.
When reading, the difference between loving and not loving is not too obvious, and after work, I found that the difference between the two is too big.
Only love can have internal drive, can enjoy the fun of doing things, and can have incredible growth.
Without love, it is difficult for people to grow significantly and continuously.
But this begs an interesting question: Why does love lead to incredible growth, but it is difficult to have such growth without love?
Ordinary people's children are honestly saving money, saving money to earn money and open source and reduce expenditure. Slowly save money to buy a house and put together social security and commercial insurance. Take care of yourself, and you will be able to take good care of your parents after 30.
Of course, if you think quickly, now the Internet gives young people a lot of flexibility, be a anchor with goods, get a clothing number on Douyin every day, insist on doing it, and if you do a good job, the annual salary is higher than that of civil servants. Maybe encounter a flashpoint, and achieve a big leap forward in an instant. This era gives people a lot of flexibility. But say a thousand ways and ten thousand, no matter how much flexibility you have to work hard + persevere.
The difference between a questioner and a questioner is that the former is driven by short-term interests, while the latter is driven by interests and beliefs.
Problem solvers often chase some superficial bubbles, and even if they know that it is a bubble, they must deceive themselves to chase, just because it seems that the benefits are very tempting.
Even if the problem maker is not driven by short-term interests, he will waste his interests or beliefs, because doing things is very interesting in itself, and his ability and insight are really improved in the process of doing things, not an illusory bubble, which is very valuable and meaningful in the long run.
Sometimes the problem solver and the problem solver seem to be doing the same thing, but when the bear market comes, they will go their separate ways. The questioner will do the birds and beasts scattered, and the questioner will continue to enjoy the tireless iteration.
The way husband and wife get along, subversive a lot of chicken soup sayings, that is, people need communication to solve problems, but in actual situations, communication does not solve problems, communication will only intensify the problem.
She wished to have a son, strong in body with brown hair; she was going to call him George; and the thought of having a boy was like hoping to make up for a woman's inaction. A man is at least free, can taste the joys and sorrows, walk all over the southeast, south, and northwest, cross the obstacles in front of him, and seize the distant happiness. But for a woman, it is difficult. She is incapacitated and at the mercy of others, and her flesh is weak and can only rely on legal protection. Her desire was like a veil tied to a hat with a rope, and when the breeze blew, it stirred. She was always seduced by the seven passions and six desires, but she was always limited by the pure rules and precepts.
Madame Bovary by Gustav Flaubert
