Author: George Samuel Clason
Planning and Script: Kousuke Ohashi
Illustrator: Akira Sakano
Original Author: George Samuel Clason
Publisher: San Cai Culture Co., Ltd.
Publication Date: 2021/07/09
ISBN: 9789576585401
Book Recommendation Website:
Preface:
This is the tenth book I've read this year. Actually, this is a comic book. I originally hoped to buy it for my children to give them a basic understanding of investment, but I didn't expect the whole story to be quite realistic. Besides con artists, there are also terrifying war scenes. However, the plot in it actually echoes quite well, very realistic, but it can also make people think deeply about many aspects of financial management.
Synopsis:
│What kind of magical power does a clay tablet from ancient Babylon have...│
The story begins in Tokyo, Japan. An archaeologist in debt, Takuya Oba, receives a job to decipher a clay tablet unearthed in Iraq. Unexpectedly, this clay tablet is engraved with "wisdom truths" that have been passed down for centuries, which changed his life.
The owner of the clay tablet, Bansir, was the successor of a weapons shop in ancient Babylon that didn't make money. He was diligent and hardworking, but his family was still poor. Although the quality of the weapons in his home was excellent, and sales were not bad, what went wrong that led to poverty? How can one become rich? Bansir went to find Arkad, the richest man in ancient Babylon, and learned the 7 maxims and 5 principles for turning his life around! He began his legendary life of "from negative to rich".
How to earn? How to save? Owe debts? ... These common troubles of modern people, let the wisdom of ancient Babylon open the door to wealth for you.
◎ 7 Maxims to Attract Gold
1. Save 1/10 of your income.
2. Prioritize your desires.
3. Make your savings work for you.
4. Safeguard your wealth, avoid dangers and natural enemies.
5. Choose a good residence.
6. Start preparing for your future life from now on.
7. Make yourself the greatest capital.
◎ 5 Principles for Achieving Wealth in Life
1. Save more than 1/10 of your income for your family and yourself.
2. Seek out investments where gold can roll over and make money.
3. Listen carefully to the advice of financial experts.
4. Only invest in areas you are familiar with and projects that investment experts are optimistic about.
5. If you try to seek unrealistic profits, listen to the sweet talk of those with ulterior motives, or blindly believe in your immature experience, wealth will stay away from you.
Chapter Outline
Because it's a comic, I won't organize it through chapter outlines. The story starts with a Japanese historian who is in debt everywhere and has abandoned himself and separated from his wife and the son of a wealthy family. He starts from the archeology of a clay tablet from Babylon. The owner of that clay tablet is the successor of a weapons shop - Bansir's story. He learned seven maxims from the smartest merchant in Babylon. First, he diligently saved money and learned by "saving 1/10 of his income". The merchant saw his potential and gave him a bag of gold coins to learn how to invest and earn two bags of gold coins.
Naive and full of confidence, Bansir took the gold coins to other cities, and as a result, he met people on the road who encouraged him to participate in camel gambling. As a result, he was cheated out of half of the money in the bag of gold coins. This is very important: "avoiding danger" and not doing things in areas you are not familiar with. After bankruptcy, Bansir began to seriously think about saving money again. And by doing business and understanding the whole market. Listen to the advice of experts, and also make yourself the greatest capital. So he earned two bags of gold coins and returned home in glory.
If the story ended here, perhaps it would be too happy. Back in Babylon, he joined the merchant's project to revitalize Babylon and helped make Babylon richer. But it was at this happy time that he encountered other countries' jealousy of Babylon's wealth, and they began to invade. Bansir's family and the merchant all died in this war, which made him very sad. He began to give up on himself and owed money everywhere. Finally, after listening to other people's stories, he finally worked hard and became an important mentor in Babylon, guiding more people to learn about wealth.
And the Japanese archaeologist who studied this clay tablet also began to work hard after understanding these maxims. Later, he was finally able to save money and win back his wife and children.
Thoughts
I've read a lot of investment books recently, and they all emphasize the pain of "bankruptcy" and "failure". They also emphasize the importance of psychological construction. Just like this investment story of Babylon. Many people will earn their first pot of gold because of "luck", but they often go bankrupt in a moment because of their strength and emotions.
Profit can grow slowly at 5% ~ 6%, but bankruptcy becomes 0% in an instant. All these warnings are to tell people who are learning to invest to know how to stop losses and not to over-expand credit. This book uses war and deception to give the protagonist a bloody lesson. Investment may also be like this. We really need to understand how to let money help you make money, and we should also understand that no matter how much you lose, as long as it's not zero at once, there is still a chance to reinvest.
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