# Recommended Book, Part 2: <The Immutable Laws of Investing Psychology> – The Philosophy of Investing: Patience, Skill

Hello, this is Director Im Sung-yoon of Just Plastic Surgery Clinic.

Today, I’d like to introduce a book that I strongly recommend as an investment-related read,

<The Immutable Laws of Investing Psychology>.

Source - Naver Books

I have already read this book four times, and I’ve read it deeply because I believe it is not only applicable to investing,

but also a book that offers insight into life as a whole.

I thought it would be worth sharing because I believe those who read this blog are interested not only in outward beauty,

but also in inner growth and asset management.

1. What matters in investing is “mental skill”

The most impressive part of the book was the idea that acquiring mental skill

is what determines success in investing.

According to the author, the ideal mental state is:

👆A state without worry → meaning confidence

👆An objective state → not being influenced by the fear-avoidance mechanism

👆A prepared mind → a calm state in which “I have nothing to prove”

In other words, developing a mindset that is not shaken by the market is the skill of investing.

2. Where do our beliefs come from?

Another part that really resonated with me was the idea that

the emotional changes we experience, such as beliefs, fear, anxiety, and excitement, actually come from past experiences.

It is difficult to completely destroy these beliefs,

→ but what matters is that they can instead be changed into an “inactive state.”

This perspective is helpful not only in investing,

but also in easing impatience during dieting,

unnecessary emotions in interpersonal relationships,

and liberation from incomplete beliefs about myself,

and I felt that it greatly helps bring mental comfort throughout life.

3. Similarities between investing and life

Whether in investing or self-management, what ultimately matters is patience and prepared skill.

Just as outward beauty can develop a deeper appeal over time, the results of investing also come from steady training and mental management.

As I read this book, I was able to gain deep reflection not only on investing, but also on my life and professional path.

Closing

I recommend that you, too, use The Immutable Laws of Investing Psychology not just to learn how to make money,

but also to strengthen the way you approach life.

I have already benefited greatly from reading it four times,

and I am sure it will be a book that helps you build a strong mindset and patience in both investing and daily life.