Zurich Axioms

I have been reading this book and it suggests something completely opposite. According to the book everything is speculation. It explains how diversification isn’t good. Secondly it suggests why you should borrow money to be rich. Moreover it rants the investor advisor brutally.

The wisdom shared in the book has shattered some of my narrative. It has attacked some of my beliefs to revisit the history. History doesn’t repeat itself. It only rhymes. But how many times did you connect with it. Even the greatest investors like Munger suggest reading history. I was amazed at this book explaining everything in the pretext of luck. They book also suggest booking your profits quickly. It is more of turning you to gambler. Back to the first hypothesis of the book. There is nothing as such as investor. Everyone is gambler and to some extent the narrative shared on taking risk is true in the book.