"Dong Shi's Confusion" takes "Dong Shi", an ordinary stock investor, as the protagonist and tells the story of his ten-year dilemma and awakening in the stock market. He used to be superstitious about K-line technology, devoured financial information, and imitated big names such as Buffett. However, he was repeatedly "cut off" while chasing the rise and fall. His account was more green than red, and he fell into the confusion of "the more he learned, the more he lost."
The story focuses on his cognitive tear: the failure of technical indicators, confusion in the flood of information, and the "acclimatization" of the boss's experience. Finally, on the verge of collapse, through mountain climbing, selling vegetables, spending time with his children and other details of life, he gradually realized that there is no "Holy Grail" in the stock market, and the essence of losing money is cognitive shortcomings and human greed and fear.
Ten years later, Dong Shi shed the shell of his "repeat machine": he no longer believed in superstitious predictions and learned to use common sense to select stocks; he no longer chased hot topics and became rich slowly by sticking to good companies; he no longer worried about the rise and fall, and regarded the stock market as a footnote to life. He changed from "learning how others win" to "understanding how not to lose money", and finally found his own "not confused" in the market.
The whole book talks about investment philosophy with the smoke and fire of the market: true maturity is to admit ignorance, keep the circle of competence, and be a sober ordinary person.
