Category: Money Tips Date: 2007-01-15
Peter Lynch believes that in terms of investment philosophy and history is far more economic and mathematics is more important, these words have been studied philosophy and history, so that investors rather complacent, selfishness I thought I could take the difference between them and Investment Master distance, but the fact is clear them all.
To this end a decade old KMT thought, and finally some enlightenment, it is important that the philosophical way of thinking and historical research attitude, this is perhaps the master's intention, but unfortunately no way to verify.
Can serve as the corroboration is another one with the "Kingdom of freedom leads to the financial road" Fan Sapu the wisdom of a master thesis, your transaction is not a market, but knowledge of the market, this theory of speculative trading close to Shuji nature.
That is when we will be a lot of energy Huadao inquire about insider information and research operations Tips on time, just as geo-wood in order to fish, the South House and the North-rut, as if looking for black gold that the ancient Babylonians, and poor life energy to travel around the world No income, till hang aged; men, and thinking, and your roots go home, would like to pre-dig a grave for himself, only to find that the corruption of the dream in the back garden of their own.
The key to success does not begin the process of our transaction and trading skills, play a decisive role is speculative philosophy before transaction.
The traditional study of philosophy and popular explanation is that the world outlook and methodology of learning, while the speculative philosophy is to study the natural world outlook and methodology of speculation. Of course, the actual operation may or may not be able to rise to a high degree of learning, but there are always a number of ideas and concepts dominate your behavior, can be roughly called the philosophy of pan.
In fact more similar to Dao Shi and life, you can choose to believe people human nature is good, always good to the people give as gifts roses, hand a lingering fragrance that you harvest a wide range of social support, won the big opportunity, of course, you can choose to believe in human nature is evil, thy-neighbor , Zizhubijiao, you naturally will not lose out, but you will account for a small cheap face a significant loss, and final outcome is your philosophy of life reflects the reality of very sum up, the fruits of your harvest is your philosophy of the original sown germinal seeds out, unless a miracle occurs, they will not better nor worse, melon melon kinds of beans and you get beans too. Speculation no different.
If you are like Mr. Buffett, believe that the market as a neuropathy, you will from Graham's "smart investor" to establish their own trading system, steadfastly waiting for Mr. Market next fall ill, to find the market price lower than the actual more than one third the value of investment opportunities, and sustained efforts to hold and hold, both will not be concerned about the on and off the market index, it will not care about the short-term stock price up or down, or you will not be because of the stock market crash and could not sleep. However, if you follow Gann speculative philosophy, the amplitude of 5% will make you heart rate, 8% of withdraw sword you have to stop, even an empty one-hand overnight copper are enough to make you toss until dawn, unable to sleep a wink. Of course, if you happen to Trader for a large organization, just another contrarian shorting, the two would be enough to your daily limit while driving the tropical rain forests of Argentina, where political asylum, as the recent popular legendary figure Liu Bing.
The core difference lies in the different philosophical speculation, but we must recognize that under the philosophical system which has a market winner, just as Wall Street, a famous bears can make a profit, bulls make a profit, only the pig does not make a really terrible that there was no speculative philosophy of his own.
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