What does macroeconomics, microeconomics, mean to us?
What should I pay attention to when reading and watching videos every day?
This is a reading note for the introductory part of Fu Peng's "Witnessing the Adverse Tide".
The starting point is high, and it always revolves around the economic, financial fields, and scenarios
In the introduction, Fu's growth starts from a very high level.
As the children of the first batch of practitioners in the financial field, I learned to read the computer and contact foreign exchange and other things very early.
Behind the high starting point is that he can take a correct view of reading, pay attention to his own direction, and deliberately accumulate knowledge and experience in this area, which is also convenient for him to successfully cut into the selected track and prepare.
I have to insert a digression here, the reason why students don't know how to learn and don't want to learn is because the return cycle of learning is too long, and it often takes a long time to accumulate and take exams to have an advantage in the college entrance examination and employment after graduation.
Without the correct linkage between learning and monetization, simple and crude reward methods, fierce competition and challenges, it is easy to lose interest in learning and investment in research.
At this point, Fu Peng's experience in dealing with money very early in his childhood is anchored and linked to money, which is very rare and requires conditions.
Children do not understand theory and abstraction, and only by building a rich economic and financial scene can they stimulate their interest in learning and the determination to invest cost and energy.
As a purposeful study and hard work, it is easy to concentrate his little experience and experience in one point, and his work after graduation has always revolved around the fields of finance and economics, practicing his own theories and forging his own thinking.
The construction of the underlying theory and logic: to cope with the rapid development of the economic speed, whether it is transaction or multi-scenario switching
The rich and colorful economic and financial scenarios inevitably need to be stripped out theoretically and abstractly, so as to quickly and accurately improve their own handling of economic affairs and financial transactions, which is the power of logic and the power of analytical framework.
With the improvement of technology, the speed of individuals in dealing with economic affairs will increase exponentially, in the past, it took a long time to sort out and analyze the stock price through telegrams, to the newspaper, and then to the computer to browse the stocks, which not only required a lot of energy, but also could not get a glimpse of the whole picture, and missed opportunities.
These manual, software methods often require more than several hours of high-intensity work to process, but with the advent of quantification, it has only taken ten minutes or minutes for real-time scanning of the whole market.
Technology has led to rapid improvements in efficiency and quality.
In this context, it is necessary to lay a solid foundation.
In addition to his professional background, Fu's main theoretical upgrade is to communicate extensively with people and learn from each other, and on the other hand, to keep a diary and constantly temper his thinking.
In the introduction, he said that he actively shared his investment thinking and framework. This is the same as open source projects.
The advantage of open source is that as an ordinary person, you can learn quickly, and the disadvantage is that your underlying thinking, and logic will inevitably be stamped with his ideological seal.
As far as the author is concerned, he focuses on basic knowledge, integrates many people, takes investment as the criterion, and in turn reshapes his underlying thinking.
It is necessary to achieve [it is better to believe in a book than to have no book], and [soldiers are impermanent, and water is impermanent].
The market is changing, the underlying logic is changing, and people are changing.
What we need to do is not to fall behind and follow the situation as it changes.
Resting on one's laurels and carving a boat for a sword is the way to self-destruction.
Fu's Investment Framework: FICC Investment Framework
- Thinking direction: macro-micro-investment
- Materials: Big data and massive amounts of information
- Combining theory and practice: practice and summarization
- Investment philosophy: Instead of getting rich, it is better to be stable, and find stable long-term returns in macro and micro.
The reading notes that the author made while reading:
How to seek long-term returns
How to find a stable market
How to find products with stable price movements
How the continuity embodied by numerical values is expressed mathematically
High Mathematics, Statistics, etc
This is the author's thinking from a high dimension to the bottom, as well as the author's current and future long-term investment in the field and direction, hoping to throw bricks and lead the way.
Recognition of predecessors
There are some people who believe that economists are out of touch with society and practice, and that they cannot be good investors.
Fu's view is based on the fact that economists have a deep theoretical foundation and keen insight to make accurate predictions and analysis, and provide valuable suggestions for investment decision-makers.
Theoretical basis:
1. Macroeconomics, microeconomic theory
2. Analytical tools and use of mathematics
3. History of Economics, History of Economic Thought
4. International Economics, Comparative Economics, etc
How it works:
1. Systematic learning
2. Read extensively
The author often reads research reports, papers, news, etc. to form a wide reading and take good notes.
3. Practical test
4. Interdisciplinary learning
This author mainly explores in the direction of mathematics
5. Constantly update your underlying thinking and tool application.
Keen insight refers to an individual's ability to quickly and accurately capture key information and discover potential patterns, trends, or problems in the face of complex and changing situations. This ability involves observation, analysis, judgment and foresight, and is an important foundation for decision-making, innovation, and problem-solving.
In the field of finance and economics, keen insight is especially important because it can help individuals or businesses identify opportunities, avoid risks, develop strategies, and optimize decisions in a competitive market environment. Specifically, keen insight includes the following:
1. Observation: Ability to notice details and changes that others overlook, capturing subtle differences and emerging patterns in the environment.
2. **Analytical power**: Conduct an in-depth analysis of the observed information, understand the reasons and logic behind it, and distinguish between the appearance and the essence.
3. Judgment: Make sound judgments based on the results of the analysis to identify what information is important and what is minor or misleading.
4. Foresight: Anticipate possible future changes based on available information and trends to provide forward-looking guidance for decision-making.
5. Adaptability: Ability to quickly adapt one's strategies and actions in an ever-changing environment to respond to new challenges and opportunities.
6. Innovative thinking: In the face of problems and challenges, be able to think outside the traditional thinking framework and propose novel solutions.
7. Emotion Management: Stay calm in the face of stress and uncertainty and avoid emotions interfering with judgment and decision-making.
Cultivating keen insight requires a long period of learning, practice, and reflection, as well as an open mind and constant curiosity. By accumulating experience, broadening knowledge, and improving analysis and judgment skills, you can develop sharper insights in various fields.
What can you learn to be the best version of yourself in economics and financial investing
In addition to relaxing after work, it is necessary to pay attention to the things you need, and it is best to be able to take notes or collect them.
Inadvertent preparation and conscious understanding are all things we need to pay attention to.
In an era of rapid economic development, various transactions and speeds have sprung up.
In the sharpening of basic knowledge and underlying logic, on the one hand, we protect our property from fraud, and on the other hand, based on the present, find investment varieties that meet our own energy and emotional management, and make important contributions to improving our own economic conditions.
In the author's reading notes, I will only force myself to think, the author's, Fu's thinking is just throwing bricks and stones, what is really for readers to think, is still your own initiative, your own growth path and underlying logic collide with these ideas, get new life and growth, this is another harvest of the author's updated reading notes.