现金的风险
“因为找不到好的交易，我60%的资金都是银行存款。现在大多数股票在52周高点，我不想在这种时候买股票。
Will Stocks Continue to Rise in 2018?
For stock investors, 2017 was a remarkable year. The total advancement of 21.83% by S&P 500 was noteworthy but far from unprecedented. The steadiness of this advancement
德扑之王的抱怨（下）
《史记货值列传》记载说:“论其有余不足，则知贵贱。贵上极则反贱，贱下极则反贵。贵出如粪土，贱取如珠玉。”
德扑之王的抱怨（上）
在美国高赌注德扑圈里，大卫艾因霍恩(David Einhorn)是个常客。他文质彬彬、低声细语的样子和充满自信灼灼逼人的扑克强手形成鲜明对比。
First Quarter 2017 Commentaries
“Bull market climbs a wall of worries.” It was no exception for the first quarter of 2017. Despite record valuation, waves of political populism around the world and US Federal …
Will the Wolf Howl – Outlook of Interest Rate hike in March
When 2015 began, most voting members of the Federal Reserve believed two rate hikes would be appropriate. Yet only one was delivered. In 2016, the Fed came back with promise …
Are Investors Too Optimistic
In a blog published by Yahoo Finance on February 20, Author Sam Ro cited a piece of research by Goldman Sachs US Chief Investment Strategist David Kostin. “Cognitive dissonance exists …
Fourth Quarter 2016 Commentaries
The year 2016 began so ominously. Yet it ended with euphoria and optimism. In the first month and half, the S&P 500 swiftly dropped nearly 10%. So it seemed …