An old book...and old book on my shelf long time ago... As I am passing certain milestones in my speculating career, I think time is just right to revisit some of those books that I love or I hate those days. I am eager to know whether I still love or hate these books after several years. Well, to be precise, I want to know whether I improve or simply stagnant after these years...
First of all, this book was one of my favorite those days. In fact, I rated it as high as the other two of my favorite, namely
"Reminiscences of Stock Operator" and the recent
"Trading Psychology 2.0: From Best Practices to Best Processes". Surprisingly, this book is still one of my favorite even though fancy stuff such as internet, algo, etc coming out for the past few years. So, do i regret spending my time on a real old book? Definitely not!!!
In trading, believe it or not, there is actually nothing new under the sun. This book is a good example to prove that "the more things change, the more they remain the same". After so many years, the contents still applicable and every advice are still relevant. Those days, I enjoy reading this book. Now, I appreciate more especially certain excellent advice seems to fade away each day. This book serves as a good refresher and good reminder on things that I almost forgot. I sincerely thank the author for sharing such an excellent write-up to traders like me.
I tried to extract quotes from this book. At the end, I found that everything were so good that I had problems on making a summary of quotes out of this book. This book certainly would not make a trader rich overnight. However, it helps to at least loss less on the journey of speculating. Having said that, I have no hesitation to rate this book at 10/10. This book deserved my attention and I will definitely reread again in the future.