Random*****

The random walk theory holds that price changes in the stock market are random and unpredictable, so stock selection and timing are not as wise as adopting a passive investment strategy of holding the entire market for a long time. This theory emphasizes the importance of market efficiency and information transparency, and challenges traditional active investment strategies. This book introduces the core concepts and related evidence of random walk theory in easy-to-understand language, and provides readers with some basic investment suggestions and strategies. The success of this book lies in simplifying complex investment theoretical and practical issues and explaining them with vivid examples and real-life cases.

"A person's performance will be revealed on the outside, just like the dominant characteristics of animals can be used to send signals, because the winner is easy to see, which is a very efficient method when choosing a mate." - From Chapter 7, the world is composed of randomness and absurdity. We cannot change this absurd world, but we can change ourselves. Let yourself be in this world full of randomness to make yourself more likely to be discovered by the world, so you must make your appearance perfect. Thereby increasing one's probability.

When we face randomness and uncertainty in our daily lives, we tend to panic and be overwhelmed, and are unable to think rationally and behave correctly. The author observes the financial market, economics, decision theory and other fields from a non-traditional perspective, and challenges the traditional economic assumptions. He emphasizes the impact of random events and unpredictability on our lives and decisions, and tells us that we should remain humble and alert when facing unknowns and risks, so as to be more adaptable and utilize the power of uncertainty, thereby avoiding the disadvantages of misjudgment of risks and blind confidence.

The book explains in easy-to-understand language how the investment market works and provides an investment strategy based on the random walk theory. The random walk theory believes that the price changes in the stock market are unpredictable and the information in the market is randomly distributed, so it is impossible to obtain returns that exceed the market average by selecting individual stocks or market timing. Moreover, the author advocates that we should cultivate the ability to adapt to changes in order to deal with the randomness in the market.

The author's point of view is very unique, such as "It is easy for us to underestimate random phenomena" which is very enlightening. And the examples in the book are very interesting. For example, a rock musician who drives a Rolls-Royce is not necessarily richer than a dentist, which gave me a new understanding of success and wealth. I think this book can not only help us understand probability better, but also help us see the world from a new perspective😃.

We tend to ignore the impact of random events, and random events can often cause subversive results, although the probability is small. Luck or random events play a large role in our lives, and it is easy for us to underestimate small probabilities. We often make the mistake of survivorship bias, but even if we use a coin toss to eliminate, there will be something lucky in the end.

Nothing is absolute, it is just a matter of probability, especially in highly random and high-risk behaviors. You cannot be all in. You need to leave a buffer zone. Once you find something wrong, you must get out in time and don't fight. For our life, we need to have the courage to face failure and the ability to overcome failure. We must always consider plan B, so that we can be calm and calm when things happen, and live our lives calmly.

I really don't know if there are advantages or disadvantages to making a decision after reading this book! In the final analysis, black swans will appear in all kinds of things. Meditation allows everything to happen and accept everything!

It's a really good book, I've read it over and over dozens of times. I love reading this book over and over again

Randomly contains the world, the world is full of probability

Good book, incisive recommendation, although the author is a bit boastful and boastful. It's a great book. If you want to read it, read it.

Very good! Super pretty!

Very good, beautiful, real

Not bad, you can take a look!

It looks good, I love watching it, I recommend watching it!

Be a fool in a world of randomness!

There is a huge difference between probability and accident. Randomness is a kind of accident, and we live in probability. No one thinks about accidents, but everyone is dreaming of accidents. The contradiction...

After listening to it, I still felt that I couldn't figure it out, but the author's free and easy style infected me. [Laugh]

A classic, a word that awakens the dreamer. Indeed, we ignore a lot of randomness in our daily work and life, or just regard it as uncontrollable luck.

Unlike other books, it refreshes your understanding.

Very inspiring and very applicable

This book refreshed my understanding of investment and is worth reading again and again.

Very good, I watched it a second time

It's suitable to be read several times. It should be easier for people who have experienced black swans to understand!

A great book worth reading and collecting.

It is simple and easy to understand. It explains the theory through stories. I personally think it is more concrete than "The Most Important Thing in Investment". Reading "The Most Important Thing" makes me want to sleep.