Money Masters Of Our Time

some thinking about reading the book:

1. 70% core holding (growth at reasonable price): buy & hold for well-managed growth companies until they slow down, avoid market timing. growth stock can be characterized by higher peaks & troughs across business cycles.
2. try not to touch cyclical stocks or sector funds, if really want, buy low & sell high within the business cycles, but avoid trying to catch the peaks & troughs
3. always keep certain amount of cash for emergency use
4. use funds for unfamiliar areas (emerging markets, small cap, etc)