All In, All In! Making It Big on Wall Street

These parents in the United States always make a fuss and fuss whenever something happens, and their son has to explain every time. This makes me very irritated.

This book is not a good read, but it is valuable. The value lies in the protagonist's father's eagerness to speak but hesitates when he sees his wife buying a house, and the value lies in the protagonist's father's fear of losing money. The following text is purely fictitious and may be true or false. Any similarity is purely coincidental. You can only make major decisions by yourself, and only you bear the consequences. Every principle can be interpreted in both positive and negative ways, so whether the principle is right or the principle is wrong. Some of the following statements may be absolute and are actually inaccurate. Some readers asked the protagonist why he didn't have a showdown with his mother and persuade her to invest according to his own ideas. Many people are unable to discuss investing based on logic. Let's see what's the reason why the protagonist's mother wants to buy a house? Shanghai real estate speculation makes money, and real estate speculation in the United States will make even more money; others are grabbing U. S. Dollar assets; my little sisters envy me; whoever dares to take risks, how much money they make; Silicon Valley is a science and technology innovation center, and the inflow of talents supports housing prices; the Federal Reserve will not watch the decline in housing prices, etc. Among these points, except for one or two that are considered valid arguments, the rest are just nonsense. What choices others have made, and whether others have made money, does this have anything to do with your judgment of rising house prices and your decision to buy a house? If the protagonist uses data and logic to convince his mother. Mom will quote the words above and talk about her American dream. In short, I don't understand what you are saying. What I said is supported by so many people, so it must be right. The brains of such people are empty and become a racecourse for other people's thoughts. What they say is said by their best friends, Mrs. Huo in the circle, experts, and insiders. They are all other people's words and never their own arguments organized based on facts and logic. Moreover, they buy houses to satisfy their vanity, because others do it, to gain reputation, and for the American dream. Did you see that they use vague emotions and hearsay to guide their major economic decisions, which is devoid of rationality and logic? Human cognition cannot be changed. I mean you can't convince him to change his mind with words. Ten years ago, I despaired that housing prices were too high. I saw an article by "the great writer Maninstein" and took it as a life-saving straw. The article said that in order to protect the exchange rate, house prices will fall. I tried convincing my parents that house prices would fall. They seemed convinced. But in the next discussion, they will say that they need to argue with each other and not let others look down on them. The Fed will not watch the decline in housing prices and so on. The fact is that I was slapped in the face, and my parents didn't recognize the price increase during the price increase. I don't understand interest, options, and other financial concepts. I recast my argument, saying that there will be an economic crisis in the future, and ordinary people's income will drop, and they may even be laid off. Among them, if the leverage of buying a house is too high, the supply will be cut off and it will lead to a vicious circle, causing housing prices to plummet. I convinced them again. I also said that "the Fed will not watch the decline" is a will, not to mention whether it is right or not. To keep it from falling, you need to spend a huge amount of real money. This is the ability. Willingness cannot replace ability. I convinced them again. The above are just previews, just discussions and do not involve investment decisions. In a real investment, they still maintain their concept and want others to respect them. Others do the same and insist on going long. Their perceptions are unchangeable, they have other people's thoughts in their heads, and I can't convince them. The stubborn mother in the book is completely real, and it is also real to fear the father when seeing the K-line fluctuations. Even the protagonist knows the answer. It is also real that the market has rebounded and tested so many times before settling down. It is not recommended for ordinary people to participate in investment activities that require monitoring the market and paying attention to real-time news. Some people have long predicted the decline in housing prices like a reborn person, but he underestimated the madness and lower limit of market participants, and misjudged the balance of power and development speed between the two parties. No one can predict the market except the reborn ones who peek at the answers like this. Predictions were made, houses were laughed at, houses were despaired, houses were indifferent, and then the market turned. The protagonist's father is fearful, questioning, overjoyed, sad, and greedy. That's not a fool, that's you, my friend. The farmer entered the city for the first time, couldn't understand the traffic lights, and was hit and killed. There's nothing funny about this. What is ridiculous is that so many people are forced to get involved in this rapidly changing market just because they want to live a normal life. There are so many people who cannot understand traffic lights and should not invest. There are tens of millions of mansions in Ande, which can shelter all the poor people in the world with joy. I heard that the Singapore Housing and Urban-Rural Development Department put this word on the wall. I will verify it if I get the chance. What determines the price? Textbooks say it is determined by value, that is, socially necessary labor time, and fluctuates up and down due to the relationship between supply and demand. Some say prices are determined by supply and demand. "House prices are so high, developers are making a lot of money. If I have money, I will be a developer." It is recommended to look at the developer's cost sheet, where the money goes, and how much profit the developer makes. "If flour is so expensive, bread will be even more expensive." The price of bread has nothing to do with the price of flour. While the baker is still in business, he will not sell bread for less than flour. When a baker is no longer prepared to continue in business, he may sell his inventory of bread at any price, possibly even at a loss. Ineffective means cannot solve the crisis, but can only delay it, and then it will erupt more violently in the future. Or pass on the crisis. Look at problems from a development perspective. The previous despair over housing prices was one-sided and static. As conflicts develop, they will accumulate opposing sides and change the balance of power between supporters and opponents. This sentence is not necessarily correct, it is only verified once in terms of housing prices. Now you can explain why house prices have increased. Thirty years of continuous wage increases have led to widespread belief that wages will continue to rise in the future and can easily cover monthly payments. The hot investment atmosphere of making money from real estate speculation punishes every empty house and coerces the participants. Land supply, mortgage finance, etc. Also indirectly help. When wages no longer rise, when expectations are no longer optimistic, what is left are families reduced to ruins. As for happiness, some people think that it means doing whatever you want. Reading novels and playing games is happiness. Believe me, you won't feel happy when you do this from morning to night for months on end. Maybe happiness cannot be accumulated like money, or even actively pursued. It is the sudden cool breeze after busy work. It is an unexpected by-product of living a serious life. Do something that requires effort, meet the challenge, and have a sense of accomplishment and satisfaction after completion; do something that is helpful to others; do something meaningful.

Say it yourself; ask your parents again; ask the media in general Think it yourself; think it over in retrospect; the teacher says it once Ask your classmates: Say it again if you lose money: Repeat the same thing N times, and then add some historical records Add the cold expression of the protagonist Add the anxious expression of parents Add the expression of failure to do more Add the expression of disbelief from the media Add the expression of admiration from peers That's the content of this book

It looks good, but it's a bit awkward. My parents asked me over and over again, "Does other people's families have nothing to do with me?"

The protagonist's family is written in such a pretentious way

To be honest, how can two parents who are trying their best to hold their sons back succeed?

A bunch of ideas😰

They take human nature too seriously. Every time they make money, a lot of people have uneasy consciences and are so fake that they die. You don't take human nature seriously. As long as you keep making money in investing, everyone will treat you like God. A bunch of people will worry you to death.

Is there anyone who is shorting the United States now? The size of the U. S. Debt is close to 40 trillion, and the interest on the U. S. Debt has exceeded 25% of fiscal revenue. The U. S.-Iran war will accelerate the expansion of the U. S. Debt, and is very close to the life-or-death line where the interest on U. S. Debt accounts for 30% of fiscal revenue. Either by the end of this year or next year, there will be a financial crisis in the United States that will be far more destructive than the one in 2008. The war between the United States and Iran will also accelerate this process.

In the capital market, be willing to admit defeat. Don't just watch the wolf eat meat without seeing the wolf being beaten. You can have good intentions as a person, but on the battlefield, it is the difference between us and the enemy. Don't go into too much detail about kindness.