Last Updated on April 29, 2025 by stlplace
(Below was written on 01-08-2008)
and the truth will make you free. That’s the word adopted from the sign at the main building of UT-Austin.
In investing, I felt my understanding of a stock is sometimes like a blind man’s view of elephant. The main reason, is not because I am not insider. I know many great investors (hint: the old guy at Omaha) have developed their own ways to find and value good stocks, which I do NOT have. So what will I do? I will seek the truth through:
1) Academic study: through CFA program
2) Participate in the market, learn from practice and own mistakes
3) Learn from others’ success and mistakes
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http://www.mitbbs.com/article/Stock/27936951_4.html (this link no longer exists because the website is gone a few years ago)
很多人喜欢等picks.更多人喜欢千辛万苦的找2 baggers, 3 baggers, 10 baggers.
其实这都不是最重要的. 资金管理和风险控制比什么都重要.
环顾一下, 能够经过很多个牛市熊市生存下来的大牛, 而且越来越富的, 选股不一定第
一. 但是资金管理和交易风险控制肯定是第一.
选股选得再好, 不懂资金管理和风险控制,到最后还是得衰败. 因为没有人能够一直都
对..就算是70%都对也没用. 碰巧那30%是all in 加margin的话, 不被wipe out就很幸
运了.
一举翻好几倍的, 每个牛市都不会少. 但是每一次牛市结束, 生存下来, 继续靠炒股增
加财富的是少之又少.