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    2008-07-24

    Feed the money cow

    Just find a good Microsoft Outlook plug-in Xobni. It's another business model for start-ups. Create the suitable "food" for cash abundant magnates and wait to be preyed.

    Way of the turtle

    by Curtis Faith.

    The cover of this book is a little too fancy which makes me think it's just another bluffing popular reading. However, as I go through the details, I find my rash judgment almost let me miss a great piece.

    To be frank, this book doesn't provide too many practical skills. But what Curtis tells is enough for any reader to figure out many reasonable trading rules. Those general principles also avoid the "overoptimization" problem defined in the book. As a trader, Curtis's opinions are helpful as well as unbiased. Crystal and objective. This, I think, mostly comes from his deep understanding about the trading activity.

    A must-read.

    2008-07-11

    Happy planet

    mavaron's craps on investment - IV

    (1) "Stock market is a postmodern creation to avoid communism and pursue full employment."

    (2) "Breaking a rule is more important for a rule than simply obeying it."

    Comment: What you don't believe weighs more than what you believe.

    (3) "What matters is how you define risk, but not how you hedge it."

    (4) "Theorists try to capture volatility while practitioners create it."

    Comment: In modern world, innovative investment strategies are important.

    (5) "The only shortcut to save a huge loss is to create another huger loss to save."

    Comment: No matter what situation you are in, stay calm and cool.