Lying poker: a gambling game, which is constantly innovating to make money;

"Anti-vulnerability": in the face of uncertain things, although it is impossible to avoid risks, it can improve the defense ability;

"Big but different": The financial derivatives of investment banks are constantly being packaged for profit, which is the main problem that caused the economic crisis.

Many people have their own investments, such as: speculating in stocks, buying bitcoin, and even buying lottery tickets ... there should be very few people who make money. Why?

"Wall Street" and "financiers" are both profit-driven, and they will constantly design new ways to play financial products. There are many people with high IQ behind the design of this rule, just to maximize the benefits. Stocks, bonds and lottery tickets are all disguised forms of financial product play.

People often hear or say, "I won't play when I come back!" " "I have experienced it in the currency circle. This will continue to increase the chips and gain. Why?

Because the psychology of returning to nature prompted him to vote. (It's very important, you ask yourself if it is)

Charles Munger told us to think backwards. If you want to know how to get happiness in life, Charlie first studies how life becomes painful; To study how the enterprise becomes stronger and bigger, Charlie first studies how the enterprise declines; Most people are more concerned about how to succeed in stock market investment, and Charlie is most concerned about why most people fail in stock market investment.

When we buy stocks, we often think, how much money can we make if it goes up? If we win 5 million pounds in the lottery, we can travel around the world ... what if we lose? What should we do?

From the book Anti-Vulnerability, we know that there are many uncertainties in our future life. We should think more about avoiding risks and recall the lives of many people. In fact, if we don't make mistakes, we will get better and better. If we hadn't failed in starting a business and investing, maybe our finances wouldn't be so bad, maybe we have fulfilled our dream of opening a small shop, and maybe we can arrange several trips every year. ......

I have played entrepreneurship, stock trading, currency speculation, futures and lottery ..... I have paid a lot of tuition fees, and the investment principles are gradually taking shape: 1. We should make use of the existing funds to make life better, and then consider investing when we have spare money; 2. The principal security is the most important; 3. If you can't control it, you can try and make mistakes with little money to improve your "anti-vulnerability" ability.