Devil's Finance

The book is good, but some people may not be able to understand it easily when reading it. Come on, author!

The practical significance is not great. If an investor has the ability to see the overall situation, analyze accurately, and control hot spots, it should be easier to make money elsewhere. There is no need to go to the stock market, which is extremely risky. Therefore, it is a paradox for ordinary people to want to make money by trading in stocks. In addition to various transaction costs, the stock market is a negative-sum game. The majority of people achieve the success of a few. The attraction of the stock market is that everyone thinks they are one of the few, just like people who buy lottery tickets. However, the investment misunderstandings mentioned in the book should indeed arouse vigilance. Even if it is not investment, you should also be vigilant in life and let yourself become an independent person.

2025.1.20.23.00 People often judge the possibility of an event based on cognitive ease and neglect to pay attention to other information and conduct in-depth exploration, thus causing judgment bias. The things that are easiest to retrieve from memory are not necessarily the things with the greatest probability of happening. There are extremely strong subjective factors involved, such as emotions, such as submission to authority. In life or financial investment, the reason why people make wrong judgments is often because they ignore the sample size. In practice, extreme results are more likely to occur in small samples than in large samples. Therefore, people should increase their sensitivity to sample size and establish a broad perspective. After all, the reason why people make judgment errors is that they believe that any small sample or event should have global characteristics. First of all, we should have an attitude of learning and not being superstitious. We can learn some knowledge and information from experts, but we should be cautious about experts' predictions about the future. Secondly, spread the risk and don't rely on one or two experts. You can see more, listen more, think more, and consider impossible possibilities. Finally, you cannot worship an expert as a god just because of several successful predictions. Throughout the ages, luck has had a great influence on the results of various political and economic events. Now we call it probability. Acknowledging the existence of probability is a kind of respect for the objective world. In other words, when you find that something is wrong with the stock, you should consider the situation and stop the loss in time to prevent the loss from being too large; once you have a profit, you must eat the "fish body" and turn small profits into big profits. A good book, worth learning to read. Summary: Don't be too greedy, have your own tentative goals, stop when you reach this limit, don't believe too much in other people's words, the great wealth in the stock market is your loss and my gain, there is no win-win situation. Look at the information you collect objectively and analyze it.

This book is very good! The prediction fallacy it mentioned reminds me of a friend of mine who always predicted the stock market based on past experience and ended up losing a lot. The author Chen Quanzhou can point out the traps in our thinking and help us invest rationally, which is very valuable. This book is like a beacon on the road to investment and is worth reading.

Easy to understand, good book

A good book. Everyone who trades in stocks should read it repeatedly to get rid of their own wrong judgments and temper their mentality.

That's awesome. It's awesome to have such a thought.

Freakonomics is easy to understand and the short stories are well analyzed.

Sharp! Thank you so much

Really awesome

Clear views and clear cases