For the small partners who participate in the investment, although many people have not read Memoirs of a Fund Master, many people may have heard of this book. The reason why this book is so popular is related to the technical analysis of the book itself, on the other hand, it is also related to many people's interest in the hero's story experience. For us ordinary people, few people carry out such exaggerated or even radical operations, but for professional investors, such operations can indeed make many people accumulate wealth quickly in a short time, but it may also make a person lose all his money quickly in a short time.
Memoirs of a Fund Master tells the difference between investment and speculation.
If you want to invest, you need to distinguish between investment and speculation first. In the process of stock market operation, no one can directly control the market, and no one can accurately judge the market trend. Even professional traders, traders will mix some speculative elements in the actual investment process.
Memoirs of a Fund Master also taught me to control investment risks.
Although I didn't leverage myself in the process of investing, if I didn't think about the investment target, a person's investment behavior would also bring huge investment risks. Especially those cyclical stocks, because the cyclical law of cyclical stocks is very strong, and the ups and downs are also exaggerated. If the investment risk is not well controlled, a single investment behavior may cause great losses to your principal.
In addition, I think this book is more like a cool article read by ordinary investors, because the experience of the protagonist in the story is very wonderful and tortuous at the same time. In fact, many ordinary people in our life may reach this crazy state in order to invest, so a lot of content will not happen to ordinary people.