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    2007-11-26

    Den of Thieves

    Wall Street doesn't generate money only, a source of stories as well.

    I would recommend the later part, though the author seems having trouble to cover the whole scope, it's a nice demonstration of Prisoner's dilemma.

    [1] Den of Thieves, James B. Stewart

    2007-11-14

    Irrational Exuberance

    Players in china stock market should read this book as reference. It includes the right attitude and useful methodology. What's more, it provides historical data from US stock market which is lacked for the too young china stock market.

    Here are three simple principles to remember: don't follow mass (think the opposite instead most of the time), check history and always use data to verify your point of view if possible.

    [1] Irrational exuberance by Robert Shiller, 2nd ed, 2005, Princeton University Press.

    Get yourself hedged

    If you are afraid of where the market goes, get yourself hedged until future becomes a little bit "clearer".

    Don't ask me in what ways, just too many.