CDM

[507✪Finans @e507]

USDTRY
✔️ Değerlenen TL & artan cari açığa karşı, kurun daha esnek olması isteniyor.
✔️ Bu, 3 yıldır süren ana hedef "enflasyonu düşürmeyi" daha zora sokabilir diye bakılıyor.
✔️ Tek seferde sert hareketin yan etkileri çok güçlü: "artış hızı" iplerinin biraz salınması daha olası.

[Millie Marconi @MillieMarconnni]

A Chicago philosopher wrote one book in 1940 proving that 95% of the books you have read in your life, you didn't actually read, and Charlie Munger has been telling people to read it for 50 years.

His name was Mortimer Adler.

He spent 40 years at the University of Chicago, ran the editorial board of the Encyclopædia Britannica, and built his entire career on one uncomfortable observation about the people around him.

Most adults who called themselves well-read had not actually read a book in the real sense even once. They had run their eyes over the pages, registered the words, formed a vague impression, and put it back on the shelf.

The book had passed through them without ever entering them.

In 1940 he wrote How to Read a Book. It has stayed in print for 86 years.

Charlie Munger recommends it. Naval Ravikant recommends it. Fareed Zakaria recommends it.

Every serious thinker who builds a career on absorbing information eventually finds their way to this book, and the reason is that Adler had isolated something nobody else was naming clearly.

There are four levels of reading. Almost everyone is stuck on the second one. The fourth level is so different from what most people call reading that you have probably never done it in your entire life.

Level one is elementary.

You learn it as a child. You decode the letters into words and the words into sentences. You finish the sentence and understand roughly what it said. This is reading the way a 7-year-old reads, and almost every adult on earth has stopped developing past this point in some quiet way.

Level two is inspectional.

This is skimming. You move through a book quickly to figure out what it is broadly about. You read the back cover, scan the table of contents, glance at a few paragraphs, and form an opinion. Most adults who claim to have read 50 books a year are actually doing this. They are inspecting books, not reading them. They walk away with a vague sense of the argument and almost none of the evidence that supports it.

Level three is analytical.

This is the level Adler said most people have never properly experienced. You take one book and you wrestle with it for as long as it takes. You identify the question the author is trying to answer. You map their argument from front to back. You write your disagreements in the margins. You force yourself to articulate, in your own words, what the author is claiming and why. The point is not to finish the book. The point is to argue with it as if the author were sitting across the table from you. Most people never do this once in their life, because it is exhausting and slow and feels nothing like the reading they were taught as children.

Level four is the one almost nobody knows exists. Adler called it syntopical reading. The word means "across topics," and the technique is something closer to running a small private research lab in your own head.

You pick a single question that actually matters to you. How does power corrupt people. Why do civilizations collapse. What makes a marriage last. How does a person change their own mind. Then you assemble five or ten or twenty books from different authors, different centuries, different traditions, all of them taking a swing at the same question.

You do not read any of them cover to cover. You move between them. You find the chapter in book three that addresses the same question as the chapter in book seven. You force those two authors to argue with each other inside your own head.

The book stops being the unit of reading. The question becomes the unit. And the authors become voices in a conversation you are now hosting.

This is the level where reading stops being consumption and starts being construction.

You are no longer absorbing what someone else thinks. You are building a position of your own out of the friction between people who disagreed.

Adler argued that this is the only level of reading where you stop being a passive receiver of other people's ideas and start being someone who can produce ideas of their own.

The reason Charlie Munger has been recommending this book for 50 years is that this is exactly how Munger has always thought. He calls it building a latticework of mental models. The technique he is describing is just syntopical reading applied for a lifetime.

You take the strongest insight from psychology, the strongest insight from biology, the strongest insight from economics, and you stack them against the same problem until something new falls out the bottom.

The reason most people never reach level four is not that it is intellectually difficult. It is that it is logistically uncomfortable. It requires you to keep multiple books open at once.

It requires you to take notes that nobody is going to grade. It requires you to abandon the goal of finishing books and replace it with the goal of answering questions.

This is also why AI just changed everything Adler was teaching.

NotebookLM, Claude, and tools like them let you do syntopical reading at a speed that would have looked like magic to a Chicago philosopher in 1940.

You upload 10 books on the same question. You ask the AI to surface every place those authors agree and every place they contradict each other.

The technique Adler said almost nobody on earth had reached can now be run on a Sunday afternoon by anyone with a laptop and one good question.

The technique was always the unlock. The bottleneck used to be time. The bottleneck is now curiosity.

Most people will keep reading the way they always have. A book at a time. Eyes over the pages. No question driving it. No other authors in the room. Adler called that level two for a reason.

You are not behind on your reading list.

You are behind on the level you are reading at.

[Knowledge Of Old📌 @KnowledgeOfOld]

The 10 Most Dangerous Logical Fallacies:

-Thread-

[World of Statistics @stats_feed]

🌍 Top 10 contributors to global real GDP growth (2026)

1．🇨🇳 China — 26.6%
2．🇮🇳 India — 17.0%
3．🇺🇸 United States — 9.9%
4．🇮🇩 Indonesia — 3.8%
5．🇹🇷 Türkiye — 2.2%
6．🇳🇬 Nigeria — 1.5%
7．🇧🇷 Brazil — 1.5%
8．🇻🇳 Vietnam — 1.6%
9．🇸🇦 Saudi Arabia — 1.7%
10．🇩🇪 Germany — 0.9%

📌 China + India alone = 43.6% of global growth
📌 Asia-Pacific accounts for ~50% of total growth

Source: IMF

[Kyle Potter @KylePotter9]

Kinross Gold $KGC RS leader in the gold miner complex. Weekly OD up bar (still a way from ATH)

Barchart site nice to bookmark to account for shares making new or coming off previous high/lows of various lookback periods.
https://t.co/I5RR7tXAUQ

[CDM @DmcnC]

MITx: Foundations of Modern Finance I | edX https://t.co/Skb6oSRUTp

[CDM @DmcnC]

@"Tony Robbins | 5 Keys to Rise in 2024 "https://t.co/osCSSUHQIE on @LinkedIn

[CDM @DmcnC]

The truth about emotional intelligence | Financial Times https://t.co/z9drf1VeVe

[CDM @DmcnC]

The downsides of Stoicism - Big Think https://t.co/lOEahKgWhy

[Nassim Nicholas Taleb @nntaleb]

I still don't know what lead to "success". But I know what leads to insuccess: a temperament of complaint, the mentality of permanent victimhood, and the collective and individual propensity for lamentation.

[Genevieve Roch-Decter, CFA @GRDecter]

Good Morning Everyone! The S&P earnings yield, corporate bonds and treasury bills are all offering the same yield of 5.3%.

So a medium risk, low risk and no risk asset is offering the exact same yield… 

What a time to be alive!

[CDM @DmcnC]

My Food Disgust Sensitivity is average (43.13%). https://t.co/ywpEFpsqD4 via @idr_labs

[CDM @DmcnC]

https://t.co/z6ZyNsRjQd

[Prof. Feynman @ProfFeynman]

Education is the acquisition of knowledge, while intelligence is the ability to use that knowledge to think and reason. One can be highly educated but not necessarily intelligent, and vice versa.

[Marco Liera @LieraMarco]

SCHOOL GRADES GIVE NO CLUES ABOUT FUTURE MASTERPIECES’ AUTHORS
Dino Buzzati, author of The Tartar Steppe, got an uninspiring 6 (=D) in Italian at his final high school exam (Maturità).
⁦@nntaleb⁩ https://t.co/20kh66rwDR

[Nassim Nicholas Taleb @nntaleb]

Finance is hard. After 14 years, too many are discovering it.
Welcome to finance and financial markets.

[CDM @DmcnC]

Are We “Brain Washed” during Sleep? https://t.co/H6ZgSwYSjG

[CDM @DmcnC]

Engineered Food Crisis to Secure Continued US Dominance https://t.co/bFMkhqrHEV

[Cliff Pickover @pickover]

Mathematics, geography, geometry.

Diagrams that help us question reality. Isn't this a fascinating triangle? https://t.co/5HLZupyrWl

[Vuk Vukovic @wolf_vukovic]

I read @RayDalio's new book, “The Changing World Order”

in which he claims the US “empire” is in its final stages of decline

Interesting, but with all due respect, he’s wrong.

Here’s why 👇 (long thread 🧵 )