[Asia Economy Reporter Byunghee Park]
◆ Zionism = It argues that the global economy operates like the European football Champions League. The Champions League awards huge prize money to a few top clubs. It is a kind of winner-takes-all system. Clubs that secure financial power by winning the Champions League hoard promising young players. Poor clubs find it difficult to secure good players, and the monopolistic position of top teams is increasingly strengthened. Top teams also secure funds by selling tickets and uniforms. The author raises concerns about the fact that capitalism is monopolized by a few, like the Champions League. Capitalism itself is not the problem, but the monopolistic system that breaks the basic principles of capitalism hinders the normal operation of capitalism. The author calls the abnormal growth of current capitalism caused by the monopolistic system Zionism, pointing out that it is growth far from soundness and a financial feast that does not accompany real economic growth. (Written by Gert Noels / Translated by Hongkyung Park / Taem)
◆ Post-Corona, the Evolution of Value Investing = It analyzes Warren Buffett's value investing 1.0 and helps establish your own investment principles based on it. The author emphasizes that the price of a company eventually converges to its value, and value is not determined by a single number but formed within a range. In other words, you should not be shaken by the stock market, where prices fluctuate daily regardless of the company's value. What is needed to avoid being shaken by stock market fluctuations is a clear investment principle of your own. (Written by Heungguk Jang / Choeumbooks)
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