I read that book. It is a rather thick book.
The term "red herring" - distraction, intentional or arbitrary, that hides or obscures something more important - comes from the story about accidentally eating a thousand dollar tulip bulb - thinking it was an onion with a fish dish.
The eater (the Captain of a ship) was distracted by his hunger, conversation and wine and mistakenly ate a fortune.
The Tulip-mania, the state-sanctioned stock scams done on royalty and geniuses like Sir Isaac Newton are particularly poignant.
Big Lessons: Do not be dumb money. Fight emotions, team up with Mr. Logic. Trade and invest on what you see, not what you feel. If not, Mr. Market will fleece you everytime! …
In lak'ech, JaiChai
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