If you like leverage, you will struggle to survive the coming era of moderate interest rates. | Stock Market Protractor Kwak Sang-jun #2 [Kwon Soon-jang's Bridge]

The host cites a Taiwanese drawer slide company's data center cabinets (operating profit margin 87%) and the GLP1-driven surge in Victoria's Secret's share price to present the paradox of old-fashioned businesses benefiting in a high-tech era, and asks how to read these changes. Gakdogi emphasizes metacognition, reading, and reflection, anticipates the importance of treating people as human beings, proprietary IP, and increasingly concentrated preferences, and explains this through the example of a shrinking entertainment market (fragmentation through YouTube). Asked where to draw the line against seeing everything solely in terms of money, he responds with nature, one's essential nature, and simulation, and shares memories of good relationships, play, and projects, along with a golf anecdote. In response to a comment about loans of 9 hundred-million won and 6 hundred-million won, he says leverage without interest or a deadline should always be used, but deterioration in those two conditions is a warning signal. Taking a 20-year perspective, he describes even an additional interest rate increase of 2%p as an appropriate moderate rate, while warning of worsening borrowing conditions, citing the possibility of mortgage rates of 7~8% and a household debt benchmark of 80~85%. He contrasts real estate's tax advantages with a downturn in financing conditions, expresses a preference for bonds, and offers perspectives on companies whose growth rates exceed interest rates and assets for future generations (Banpo apartments vs Samsung Electronics). Responding to the claim that stocks are a lie, he says they are a trap for a short-term trading mindset but an opportunity when approached as savings, and suggests managing an index, removing stocks from the market, and adopting the attitude of a fund manager responsible for 1 ten-million won. On education in the AI era, he calls for books, unmet needs, creativity, human relationships, and a different kind of learning beyond sheer resilience. After discussing the College Scholastic Ability Test, fairness, bureaucratic DNA, and reform turning into vested interests, he addresses keeping money's cold standard of evaluation in check and the role of community. He uses an analogy about the flavor of fermented sauces to explain the past 1 year of establishing an investment philosophy and lackluster performance, asks for patience in the hope that the seeds will bear fruit next year, and ends with an autumn closing. All directional outlooks are the speaker's conditional judgments, not definitive predictions of short-term prices.