After more than 15 years, he is still reading finance and investment books from NLB's book shelves; but hardly can find anything interesting or new to him.
Bo pian! No read. How to know there is nothing new or interesting to discover? The Paradox of reading?
Most of us are likely to have read the same set of data or process the same data to form your information. But, why so few retail investors have lifted themselves high up enough to able to tell their investment success stories after decades of investing in the stock market?
But, do help yourself to differentiate investment success stories coming out from those who have vested interests (Cannot always use the word Snake Oil. Must learn fast from SMOL who chooses his word carefully)
Only one page worth remembering from reading this book.
Oh shit! I must get out. Wow! $XXX in XX days. So Shen!
That is knowledge?
Oh dear! These things keep happening; anyway still surviving. X,XXX% in XX years! Hardly anyone hearing it will get excited. Right?
That is wisdom?
CW,
ReplyDeleteI come echo what you say :)
"I insist on a lot of time being spent, almost every day, to just sit and think. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life." - Warren Buffett.
Even Warren Buffett agrees with you!
The trouble is some retail investors are even too lazy to read Warren's annual letters directly. Preferring to pay money to have others "summarise" Warren's tidbits of wisdom for them...
If we rely on summaries of summaries, its a bit like taking a photocopy of a photocopy of a photocopy - overtime, what we get is a watered down version of the original - can even be misleading if taken out of context!
Don't like to read? Too many words? So look at "ang-kong" lor!
Charts look "easy", but its more like the Chinese game of GO (wei qi).
And we are back to square one :(
Guess what?
If newbies ask us for our "secret", you can say, "Go learn fishing", and I say, "Meditate"; and we are both essentially saying the SAME thing!?
LOL!
shhh ... No let out the Secret without fee. LOL!
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