The Big Shorts

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Very coincidentally, after listening to the lecturer's speech, the next day Taiwan's Renaissance aviation was insider trading due to be exposed, the provisional convening of the antique conference and subsequently announced the formal dissolution of the company and I think the insider trading is the vulnerability I mentioned First, it is extremely unfair to investors and shareholders, including the past examples mentioned by various lecturers, because of the position you are in and the ability of you to obtain such information and to engage in speculation, such as trader How to use investors to manipulate huge amounts of money to manipulate the market and through derivative products to reap huge profits, and perhaps some traders think they are sufficient to defeat the market, the market manipulation of people, these examples give inspiration, I personally think that when Benjamin Graham, author of The Intelligent Investor, has been able to profit from a very objective point of view in the face of the temptation of money, or in order to satisfy personal superiority completely. Mentioned that we should buy at low prices, sell at high prices, but from the historical data, the majority of investors are buying at high prices, low selling, fully consistent with the mentality of his speculators, So he believes that both fund managers or investors must be to clarify the concept of speculation and investment, investment is the company's own value rather than price, in the face of the temptation to keep regardless of how much money, "investors "The correct attitude, it can be drawn away from their own speculators in the world.

Although the above does not clearly list all the contents mentioned by the lecturer, but above all I have discussed in that three lessons after get personal experience; more extreme argument is that perhaps in the financial industry is equivalent to help investment I personally think that must be a strong correction of speculators or investors should be the mentality and the financial market must maintain the basic values.I once again thank the instructor in addition to let us see the market On the other hand, it is also positive to explain to me the CFA part, prompted me to strengthen my idea; I agree that, as a student of the Department of Finance alone Bachelor degree diploma is not enough, to obtain CFA professional knowledge is financial Gold Department of students must have, the above are all personal sharing and experience.