In the recent NFP report, the US economy added 223,000 jobs in December, which was slightly better than expected, and the unemployment rate fell to 3.5%. Average hourly earnings increased by 4.6% year-over-year, which was lower than the expected 5.0% increase and the revised prior reading of 4.8%. The US stock market rallied strongly after […]
“The Millionaire Mind” by Thomas J. Stanley: Summary, Key Ideas, and Lessons for Traders Last updated: 3 July 2026 · By Spencer Li, CFTe “The Millionaire Mind” by Thomas J. Stanley is a research-based book that studies the habits and mindset of self-made millionaires, and its core finding is simple: most wealth is built slowly, […]
The Intelligent Asset Allocator is a comprehensive guide to investing and asset allocation, written by renowned financial author William Bernstein. The book is aimed at helping investors to understand the principles of asset allocation and to build a diversified portfolio that is suited to their individual goals and risk tolerance. In this blog post, I […]
The Black Swan by Nassim Taleb: Summary, 10 Key Ideas, and What It Means for Traders Last updated: 3 July 2026 · By Spencer Li, CFTe The Black Swan, by Nassim Nicholas Taleb, is a book about rare, high-impact events that nobody saw coming, and why we are so bad at preparing for them. A […]
Capital in the Twenty-First Century (Piketty): Summary, Key Ideas, and What It Means for Investors Last updated: 3 July 2026 · By Spencer Li, CFTe “Capital in the Twenty-First Century” by Thomas Piketty argues that wealth grows faster than wages, so without deliberate intervention, capital piles up in fewer and fewer hands over time. His […]
