Group 1 - The article emphasizes the importance of financial literacy and developing a proper money mindset as the first step towards wealth freedom, especially for beginners who feel they have "no money to manage" [4][5][6] - It introduces engaging and easy-to-understand books like "The Rich Dad Poor Dad" and "The Little Money Dog" to help readers build a new understanding of wealth and financial management [5][6] - The article highlights the significance of value investing, founded by Benjamin Graham, which focuses on finding stocks priced below their intrinsic value for long-term gains [8][9] Group 2 - "The Intelligent Investor" is presented as a foundational text in value investing, introducing the concept of "margin of safety" to protect against market volatility [9] - "Warren Buffett's Letters to Shareholders" provides insights into Buffett's investment philosophy, emphasizing the importance of long-term competitive advantages and intrinsic value over short-term price fluctuations [10] - Practical methods for applying value investing principles in stock selection and asset allocation are discussed, including industry analysis and financial metrics [11][12] Group 3 - The article discusses the basics of technical analysis, which helps investors make informed decisions based on historical price and volume data [15][16] - "Japanese Candlestick Charting Techniques" is recommended for understanding market trends and buy/sell signals through candlestick patterns [16] - "Market Trend Analysis" is highlighted as a comprehensive guide to identifying market trends and managing risk through various technical indicators [17][18] Group 4 - The importance of a systematic trading approach is emphasized, with "The Turtle Trading Rules" providing a framework for disciplined trading based on clear entry and exit rules [20] - "The Simplest Thing in Investing" offers localized strategies for the A-share market, focusing on finding undervalued stocks and understanding pricing power [21] Group 5 - The article stresses the psychological aspects of investing, highlighting the need for a rational mindset to navigate market volatility [22][23] - "Poor Charlie's Almanack" is recommended for its insights into multi-disciplinary thinking and investment philosophy [24] - "The Most Important Thing" by Howard Marks emphasizes understanding market cycles and risk management as key components of successful investing [25] Group 6 - The article addresses the impact of human psychology on investment decisions, suggesting strategies to overcome emotional biases [26][27] - "Reminiscences of a Stock Operator" illustrates the influence of fear and greed on trading behavior through the life of Jesse Livermore [27] - "Fooled by Randomness" warns against cognitive biases and emphasizes the importance of risk management in unpredictable markets [28] Group 7 - The article provides a reading strategy for efficiently absorbing investment knowledge during holidays, suggesting a mix of short and long reading sessions [30][31] - It encourages practical application of learned concepts by identifying actionable insights from each book read [34][35] - The importance of verifying investment theories against current market conditions is highlighted to avoid blind adherence to strategies [36]

Core Viewpoint - The article reflects on the downfall of Curtis Faith, the author of the "Turtle Trading Rules," highlighting the contrast between his past success as a trader and his current state of bankruptcy and homelessness, emphasizing the unpredictability of life and the importance of discipline in trading [3][4][18]. Group 1: Turtle Trading Rules - The Turtle Trading Rules, developed in the 1980s by Richard Dennis and William Eckhardt, is a well-known mechanical trading system that proved trading can be taught [5][6]. - The system is based on trend-following principles, where traders buy when prices break above certain levels and sell when they fall below others, focusing on capturing market trends [7][10]. - Key components of the system include entry signals based on price breakouts, risk management by limiting exposure to 1% of account funds per trade, and strict stop-loss rules to cut losses [7][10]. Group 2: Curtis Faith's Journey - Curtis Faith was one of the youngest Turtle Traders, achieving significant profits early in his career, reportedly earning over $10 million for his fund [15][17]. - After leaving the Turtle program, he attempted various ventures, including startups in IT and blockchain, but faced numerous failures, leading to financial ruin [19][25]. - His recent legal troubles and homelessness serve as a cautionary tale about the volatility of trading success and the risks of overextending in speculative ventures [13][28]. Group 3: Lessons Learned - The article emphasizes the importance of skepticism towards trading gurus, suggesting that even successful traders can face significant failures, as demonstrated by Faith's experience [30][32]. - It warns against excessive risk-taking and highlights the need for disciplined investment strategies, contrasting trend-following with value investing approaches [34][37]. - The narrative concludes with a reflection on the long-term nature of successful investing, advocating for diversified asset allocation as a means to withstand market fluctuations [50].