The 80/20 Principle: The Secret to Achieving More with Less

I read a lot about 80/20 principle. However, I never read a proper book about this. In view that I am short of books to read, I decided to go for this to have a proper and complete read up on the said principle.

As usual, management stuff is never my cups of tea. I never enjoy management as I hate to deal with peoples in the first place, LOL. So, this book is no exception. Although the 80/20 principles seems happening everywhere at every moment of our life... but, I really find it hard to study in details on this. My bad... I think I still prefer historical stuff and numerical games, haha...

On top of that... this book itself is full of repetitions. At the end of my reading journey, the only two things that triggered my further thoughts were the 80/20 analysis (backward thinking) and the 80/20 thinking (forward thinking). Other than that, I cannot remember much. This book is too dry to me especially with the graphs and charts throughout the whole book.

Rating wise, since this book is not my cup of tea, I am going to rate it at 3/10. To me, this is just some casually read. However, I will keep it on my shelf and may need a reread when certain situation occurs in the future. 

Pit Bull: Lessons from Wall Street's Champion Day Trader

I read this book twice (somewhere between 10-15 years ago~ wow, long time ago!). This time around, as I rearranged my book shelf, I suddenly found this book. The urge to re-read this book was there. So, here I am with a long time but well-kept book.

Well, last two read was not so nice as I felt the market environment seems not really suitable with the idea presented in this book. This time around, I found that I enjoy reading this book despite the fact that I learnt less. It sounds ridiculous but true... I am on the 17th year of my speculating career. I went through lots of similar scenario in this book which including all the sweet moments and hard times. As such, although I found I learnt less in this book, but I certainly enjoy it. After all, it was part of my stories too. Of course, the only exception is that I am not yet the "Champion Trader" and I am still far being the "Champion Trader", haha...

Overall, this is a real "entertaining" book. But, instead of labeling it as "lessons" from the great trader, I would classify this book as one of the biography type of books. The author focuses on his whole stories from day one and never reveals any specific "lessons". The ending chapter was all about the scarification of health behind the author's successful trading. As mentioned by wikipedia, the author continues his success in horse racing these days. In another words, the author seems to finally distance himself partially from trading which was his target as mentioned towards the end of the book. This in fact turned out to be the best "lesson" in this book. Trading itself is additive. But to trade to an extend that you lost your whole life does not justify the successful part of trading. As a human being, we still need to have life.

For a rating of 10, I might give 10/10 if this book is quoted as "biography". But, since the title itself is kind of misleading, i am rating this book at 7/10. At least the final "lesson" justifies the rating that I gave. (Haha) All in all, this book is one of my favorite books, not for its trading method, but for its entertainment value. 

华尔街第一个华人大亨

这本书挺过瘾。怎么说呢？从书名来看，它本该是一本非常励志的华人奋斗史。结果，原来是一本负面教育。再来，这本书应该是一本自传，但是我读到的不只是一本自传，还包括很多金融历史。第三，这本书刚开始挺闷的。作者长篇大论的探讨美国金融历史。但，原来其长篇大论是为了铺陈后面主角的事迹。过瘾，哈哈。。。

故事主人翁基本上是一个超级投机家。因此，个人认为书名的“大亨”并不是很贴切。或许，把菜至勇称为“华尔街第一个华人枭雄”会更适合一些，哈哈。故事主人翁整个人生就是伴随着美国各大牛市熊市而活。更凑巧的是，故事主人翁的起落几乎和美国股市是一致的。中华民族始终没能像西方大亨般把企业做大做久。更多的时候，短浅的目光吞食了原有的使命。荣华富贵，菜至勇是赚到了。但是，流芳百世方面，菜至勇是彻底失败了。

竟然是这样，这本书值多少分呢？满分10分，我给予9分。其实，这本书真的挺好看的。书中主人翁的确称得上华尔街的一个传奇人物（现任美国总统还曾是他的超级粉丝）。有一点我是很赞赏的。作者很用心的运用大量历史背景来衬托故事主人翁的反面教材。虽然过程烦闷了点，但是读者可以更明确了解整个事迹的来龙去脉。重点是，作者还加入了许多自身的观点。看完了整本书，对于从事金融业的哥儿们，这本书肯定有共鸣。赞！