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3x"},"classes":[]},{"id":9013,"url":"https:\/\/www.horace.org\/blog\/2015\/05\/21\/flash-boys-michael-lewis\/","url_meta":{"origin":13923,"position":2},"title":"Flash Boys &#8211; Michael Lewis","author":"hevangel","date":"May 21, 2015","format":false,"excerpt":"\u6642\u9593\u503c\u5e7e\u591a\u9322\uff1f\u81ea\u4ee5\u70ba\u5927\u6642\u4ee3\u80a1\u795e\u4e0a\u8eab\u7684\u4eba\uff0c\u6703\u544a\u8a34\u4f60\u6bcf\u79d2\u9418\u5e7e\u767e\u842c\u4e0a\u843d\u3002\u4e0d\u904e\u4ee5\u79d2\u70ba\u8a08\u6642\u55ae\u4f4d\uff0c\u90a3\u662f\u4e0a\u4e16\u7d00\u904e\u6642\u7684\u80a1\u7968\u601d\u7dad\u3002\u5728\u73fe\u4eca\u96fb\u8166\u53d6\u4ee3\u4eba\u8166\u4ea4\u6613\u7684\u5e74\u4ee3\uff0c\u6642\u9593\u662f\u4ee5\u6beb\u79d2(\u5343\u4efd\u4e4b\u4e00\u79d2)\u4f86\u8a08\u7b97\u3002\u4e09\u6beb\u79d2\u503c\u591a\u5c11\u9322\uff1f\u4fdd\u5b88\u4f30\u8a08\u7d04\u4e8c\u5341\u81f3\u56db\u5341\u5104\u7f8e\u5143\uff0c\u90a3\u662f\u9ad8\u983b\u4ea4\u6613\u6bcf\u5e74\u7684\u6536\u5165\u7e3d\u548c\u3002\u6b63\u6240\u8b02\u300c\u80fd\u77e5\u534a\u65e5\u4e8b\uff0c\u5bcc\u8cb4\u842c\u5343\u5e74\u300d\uff0c\u82e5\u679c\u4f60\u80fd\u5920\u6bd4\u5e02\u5834\u65e9\u4e00\u9ede\u77e5\u9053\u80a1\u50f9\u4e0a\u843d\uff0c\u4f60\u4fbf\u80fd\u7a69\u505a\u53ea\u8cfa\u4e0d\u8ce0\u7684\u8cb7\u8ce3\u3002\u5c0d\u9ad8\u983b\u4ea4\u6613\u7684\u8d85\u7d1a\u96fb\u8166\u4f86\u8aaa\uff0c\u5e7e\u6beb\u79d2\u7684\u5148\u6a5f\u4fbf\u8db3\u5920\u4ed6\u5011\u6436\u5148\u4e00\u6b65\u5165\u8ca8\u548c\u51fa\u8ca8\uff0c\u622a\u64ca\u80a1\u7968\u8cb7\u8ce3\u96d9\u65b9\u7684\u4e9b\u5fae\u5dee\u50f9\uff0c\u5f9e\u4e2d\u8cfa\u53d6\u6bcf\u80a1\u96f6\u9ede\u5e7e\u4ed9\u7684\u8584\u5229\u3002\u6bcf\u80a1\u96f6\u9ede\u5e7e\u4ed9\u770b\u4f3c\u4e0d\u591a\uff0c\u4e0d\u904e\u6bcf\u65e5\u6709\u5e7e\u767e\u5104\u7684\u80a1\u7968\u4ea4\u6613\uff0c\u5c71\u5927\u780d\u57cb\u6709\u67f4\uff0c\u4f55\u6cc1\u9019\u662f\u4e00\u5ea7\u8d85\u5927\u5c71\uff0c\u7121\u77e5\u7684\u6295\u8cc7\u8005\u5728\u4e0d\u77e5\u4e0d\u89ba\u9593\uff0c\u88ab\u9019\u73ed\u7121\u672c\u751f\u5229\u7684\u4e2d\u9593\u4eba\u62bd\u6389\u5e7e\u5341\u5104\u3002 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&quot;\u66f8\u8a55&quot;","block_context":{"text":"\u66f8\u8a55","link":"https:\/\/www.horace.org\/blog\/category\/_books\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.horace.org\/blog\/wp-content\/uploads\/2015\/05\/flash-boys-jkt_1.jpg?fit=770%2C1170&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.horace.org\/blog\/wp-content\/uploads\/2015\/05\/flash-boys-jkt_1.jpg?fit=770%2C1170&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.horace.org\/blog\/wp-content\/uploads\/2015\/05\/flash-boys-jkt_1.jpg?fit=770%2C1170&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.horace.org\/blog\/wp-content\/uploads\/2015\/05\/flash-boys-jkt_1.jpg?fit=770%2C1170&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":14252,"url":"https:\/\/www.horace.org\/blog\/2020\/10\/21\/reminiscences-of-a-stock-operator-edwin-lefevre\/","url_meta":{"origin":13923,"position":3},"title":"Reminiscences of a Stock Operator &#8211; Edwin Lefevre","author":"hevangel","date":"October 21, 2020","format":false,"excerpt":"\u6211\u6700\u8fd1\u807d\u591a\u4e86\u6295\u8cc7\u80a1\u7968\u7684\u6559\u5b78\uff0c\u4e0d\u7d04\u800c\u540c\u7684\u5f88\u591a\u4eba\u90fd\u63d0\u53ca\u4e00\u4ee3\u80a1\u795eJesse Livermore\uff0c\u4ed6\u7684\u6295\u8cc7\u5fc3\u6cd5\u66f4\u88ab\u5949\u70ba\u91d1\u79d1\u7389\u5f8b\u3002\u80a1\u795e\u662f\u904e\u767e\u5e74\u524d\u7684\u50b3\u5947\u4eba\u7269\uff0c\u53ea\u6191\u7092\u8ce3\u80a1\u7968\u671f\u8ca8\u6210\u70ba\u7f8e\u570b\u9996\u5bcc\u4e4b\u4e00\uff0c\u8eab\u5bb6\u8d85\u904e\u4e00\u5104\u7f8e\u5143\u3002\u9019\u672c\u300a\u80a1\u795e\u56de\u61b6\u9304\u300b1923\u5e74\u51fa\u7248\uff0c\u8a18\u9304\u4ed6\u4e0a\u4e16\u7d00\u4e8c\u5341\u5e74\u4ee3\u7684\u767c\u8de1\u53f2\uff0c\u4ea6\u662f\u4ed6\u6700\u7147\u714c\u7684\u6295\u8cc7\u751f\u6daf\u9ad8\u5cf0\u3002\u5e02\u5834\u5e95\u4e0b\u7121\u65b0\u9bae\u4e8b\uff0c\u4e00\u767e\u5e74\u524d\u7684\u667a\u6167\u4eca\u5929\u4f9d\u7136\u9069\u7528\uff0c\u64da\u8aaa\u83ef\u723e\u8857\u4eba\u624b\u4e00\u672c\u7684\u6307\u5b9a\u8ab2\u672c\u3002\u8af7\u523a\u662f\u4e00\u4ee3\u80a1\u795e\u7684\u4e0b\u5834\uff0c\u7adf\u7136\u662f\u5728\u4e09\u5341\u5e74\u4ee3\u5927\u856d\u689d\u6642\uff0c\u7092\u8f38\u80a1\u7968\u7834\u7522\u81ea\u6bba\u6536\u5834\u3002\u9019\u672c\u66f8\u6700\u5f8c\u4e00\u7ae0\uff0c\u80a1\u795e\u4ea6\u52f8\u8aa1\u8b80\u8005\uff0c\u6c92\u6709\u4eba\u53ef\u4ee5\u6c38\u9060\u8dd1\u8d0f\u5927\u5e02\uff0c\u6295\u8cc7\u80a1\u5e02\u7684\u4eba\u4e00\u534a\u640d\u624b\u96e2\u5834\u3002 \u9019\u672c\u66f8\u4e26\u4e0d\u662f\u7092\u8ce3\u80a1\u7968\u7684\u6559\u5b78\u624b\u518a\uff0c\u80a1\u795e\u7684\u5e74\u4ee3\u9084\u672a\u767c\u660e\u4eca\u5929\u5e38\u7528\u7684\u5716\u8868\u6280\u8853\u5206\u6790\uff0c\u4ed6\u81e8\u7d42\u6642\u5beb\u4e86\u4e00\u672c\u300aHow to Trade in Stocks\u300b\uff0c\u66f8\u4e2d\u5be6\u6230\u64cd\u4f5c\u90a3\u90e8\u4efd\u53ef\u4ee5\u8aaa\u662f\u5b8c\u5168\u904e\u6642\u3002\u95b1\u8b80\u9019\u672c\u300a\u80a1\u795e\u56de\u61b6\u9304\u300b\u6700\u5927\u5f97\u8457\u662f\u6295\u8cc7\u7684\u5fc3\u6cd5\uff0c\u5176\u5be6\u574a\u9593\u4e0d\u5c11\u7db2\u7ad9\u6709\u7bc0\u9304\u80a1\u795e\u7684\u5341\u5927\u6295\u8cc7\u6559\u689d\uff0c\u4f8b\u5982\u6b62\u8755\u4e0d\u6b62\u8cfa\uff0c\u8981\u9806\u52e2\u800c\u884c\uff0c\u63c0\u5f37\u52e2\u7248\u584a\u7684\u5f37\u52e2\u80a1\uff0c\u4e0d\u8981\u6709\u5148\u5165\u70ba\u4e3b\u5b58\u6709\u504f\u898b\uff0c\u8981\u7559\u610f\u5e02\u5834\u8a0a\u865f\u8f49\u52e2\uff0c\u5165\u5e02\u8981\u7b97\u597d\u6642\u6a5f\u50f9\u4f4d\uff0c\u5e02\u5834\u672a\u6709\u660e\u6717\u5be7\u53ef\u6309\u5175\u4e0d\u52d5\uff0c\u53ef\u4ee5\u7092\u4e0a\u4ea6\u53ef\u4ee5\u7092\u843d\uff0c\u725b\u5e02\u718a\u5e02\u90fd\u53ef\u4ee5\u8cfa\u9322\uff0c\u4e0d\u8981\u76f8\u4fe1\u4efb\u4f55\u8cbc\u58eb\uff0c\u4e00\u5b9a\u8981\u81ea\u5df1\u505a\u529f\u8ab2\u7b49\u7b49\u3002\u8a18\u5f97\u751a\u81f3\u80cc\u5f97\u51fa\u6295\u8cc7\u6559\u689d\u662f\u4e00\u56de\u4e8b\uff0c\u4f46\u5728\u98a8\u9ad8\u6d6a\u6025\u7684\u5e02\u5834\u4e2d\uff0c\u6709\u6c92\u6709\u6295\u8cc7\u7d00\u5f8b\u56b4\u5b88\u5165\u5e02\u548c\u6b62\u8755\u6642\u6a5f\uff0c\u6700\u5f8c\u80fd\u5426\u8cfa\u5230\u9322\u53c8\u662f\u53e6\u4e00\u56de\u4e8b\u3002 \u80a1\u795e\u6700\u521d\u662f\u5728\u7d93\u7d00\u884c\u7684\u5831\u50f9\u54e1\uff0c\u6bcf\u5929\u770b\u8457\u50f9\u683c\u4e0a\u843d\uff0c\u81ea\u884c\u7814\u767c\u51fa\u4e00\u5957\u6280\u8853\u5206\u6790\u7cfb\u7d71\uff0c\u5728\u5916\u570d\u8ced\u5834bucket shop\u8cfa\u5230\u7b2c\u4e00\u6876\u91d1\u5f8c\uff0c\u8f49\u6230\u7d10\u7d04\u4ea4\u6613\u6240\u6b63\u5f0f\u8ce3\u8cb7\u80a1\u7968\uff0c\u5927\u8d77\u5927\u8dcc\u66fe\u7834\u7522\u516d\u6b21\u3002\u80a1\u795e\u8cb7\u8ce3\u6cbd\u7a7a\u505a\u5e02\u6210\u4ea4\u91cf\u6703\u5927\u5f97\u5e36\u52d5\u80a1\u50f9\uff0c\u6240\u4ee5\u4ed6\u624d\u9700\u8981\u6709\u7d30\u6ce8\u78bc\u8a66\u6c34\u6eab\uff0c\u65b9\u5411\u5c0d\u7136\u5f8c\u518d\u52a0\u6ce8\u7684\u7b56\u7565\uff0c\u8cb7\u8ce3\u7684\u6642\u6a5f\u8981\u8003\u616e\u5e02\u5834\u7684\u627f\u6258\u529b\u3002\u6211\u5011\u6563\u6236\u7092\u80a1\u7968\u53ea\u662f\u5927\u6d77\u4e2d\u7684\u4e00\u6ef4\u6c34\uff0c\u5c0d\u80a1\u50f9\u5b8c\u5168\u6c92\u6709\u4efb\u4f55\u5f71\u97ff\uff0cday trade\u6216swing trade\u5927\u6168\u548c\u80a1\u795e\u5c11\u5e74\u6642\u5728bucket shop\u8ced\u5347\u8dcc\u5dee\u4e0d\u591a\u3002 \u4e00\u767e\u5e74\u524d\u7684\u80a1\u5e02\u548c\u4eca\u5929\u5f88\u4e0d\u540c\uff0c\u82e5\u679c\u628a\u9019\u672c\u66f8\u7576\u91d1\u878d\u6b77\u53f2\u770b\u53cd\u800c\u66f4\u6709\u8da3\u5473\u6027\u3002\u80a1\u795e\u5e74\u4ee3\u9084\u672a\u6709perfect market theory\uff0cSEC\u9084\u672a\u6210\u7acb\u5167\u5e55\u6d88\u606f\u6eff\u5929\u98db\uff0c\u672a\u6709high frequency trading\u6709\u5f88\u591a\u6a5f\u6703\u8cfa\u53d6\u50f9\u683c\u5206\u6b67\uff0c\u66f4\u52a0\u672a\u6709\u9577\u63f8ETF\u7684\u88ab\u52d5\u6295\u8cc7\u6cd5\u3002\u90a3\u500b\u5e74\u4ee3\u53ea\u6709\u6295\u6a5f\u8005\u624d\u73a9\u80a1\u7968\uff0c\u4e00\u822c\u4eba\u5132\u84c4\u662f\u8cfc\u8cb7\u50b5\u5238\u5b89\u5b89\u7a69\u7a69\u6536\u5229\u606f\u3002\u73fe\u4eca\u4f4e\u606f\u5e74\u4ee3\u628a\u6240\u6709\u4eba\u90fd\u63a8\u5411\u80a1\u5e02\uff0c\u57fa\u672c\u4e0a\u6240\u6709\u4eba\u7684\u9000\u4f11\u91d1\uff0c\u6709\u4e00\u534a\u4ee5\u4e0a\u9593\u63a5\u76f4\u63a5\u5728\u80a1\u5e02\u88cf\uff0c\u4e0d\u8ad6\u559c\u6b61\u8207\u5426\u90fd\u8981\u9f4a\u9f4a\u53c3\u52a0\u80a1\u5e02\u904a\u6232\u3002 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&quot;\u6295\u8cc7\u8ced\u535a&quot;","block_context":{"text":"\u6295\u8cc7\u8ced\u535a","link":"https:\/\/www.horace.org\/blog\/category\/_market\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.horace.org\/blog\/wp-content\/uploads\/2020\/10\/71EDugNUU-L.jpg?fit=887%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.horace.org\/blog\/wp-content\/uploads\/2020\/10\/71EDugNUU-L.jpg?fit=887%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.horace.org\/blog\/wp-content\/uploads\/2020\/10\/71EDugNUU-L.jpg?fit=887%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.horace.org\/blog\/wp-content\/uploads\/2020\/10\/71EDugNUU-L.jpg?fit=887%2C1200&ssl=1&resize=700%2C400 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https:\/\/i0.wp.com\/www.horace.org\/blog\/wp-content\/uploads\/2023\/09\/59710463_605.jpg?fit=1199%2C674&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.horace.org\/blog\/wp-content\/uploads\/2023\/09\/59710463_605.jpg?fit=1199%2C674&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.horace.org\/blog\/wp-content\/uploads\/2023\/09\/59710463_605.jpg?fit=1199%2C674&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":14787,"url":"https:\/\/www.horace.org\/blog\/2021\/05\/17\/%e6%b7%ba%e8%a9%95%e5%8a%a0%e5%af%86%e8%b2%a8%e5%b9%a3\/","url_meta":{"origin":13923,"position":5},"title":"\u6dfa\u8a55\u52a0\u5bc6\u8ca8\u5e63","author":"hevangel","date":"May 17, 2021","format":false,"excerpt":"\u52a0\u5bc6\u8ca8\u5e63(Cryptocurrency)\u81ea\u5e74\u521d\u8d77\u96de\u72ac\u5347\u5929\uff0c\u5347\u5341\u5e7e\u500d\u751a\u81f3\u767e\u5e7e\u500d\u4e5f\u6709\uff0c\u4eca\u500b\u661f\u671f\u958b\u59cb\u6709\u9ede\u71f6\u5473\uff0c\u73fe\u5728\u624d\u5beb\u52a0\u5bc6\u8ca8\u5e63\u662f\u5426\u6709\u9ede\u904e\u6642\u5462\uff1f\u5f88\u591a\u5e74\u524dBitcoin\u9084\u662f\u5e7e\u868a\u6642\uff0c\u6211\u65e9\u5df2\u62dc\u8b80Satoshi 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