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。”
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 …
简单并非容易
一位老同学听说我在美国做投资，电邮来一篇去年8月发表于华尔街日报中文网络版的文章“投资的至简之道”，作者刘军宁。文章清晰地阐述了
Third Quarter 2016 Commentaries
There were a lot of noises of increased market turbulence, but not much actual volatility. There were a lot of speeches on raising interest rate, but no action materialized …
Second Quarter 2016 Commentaries
A Non-Expert View on “Brexit” “How may I serve you, Sir?” Thus spoke a pretty brunette with an Italian accent as I stepped to the counter at The Café …