《投资者的敌人》从行为金融学出发，研究了个人企业、机构投资者在投资过程中，因为贪婪、恐惧与过度自信，而经常出现的行为偏差，包括为了高收益追逐泡沫，为了满足高管的个人利益而忽视公司的长期效益，为了推高股价而故意误导投资者和监管层等，并援引了丰富的研究案例进行补充说明。 希望这本书可以帮助广大企业家、政策制定者、投资者更好地认识自己，更好地认识自己的投资理念和投资策略，从而获得更高的投资收益。

Starting from behavioral finance, this book studies the behavioral deviations that often occur due to greed, fear, and overconfidence in the investment process of individual enterprises and institutional investors, including chasing bubbles for high returns and satisfying the personal interests of executives. While ignoring the company's long-term benefits, deliberately misleading investors and regulators in order to push up the stock price, and citing a wealth of research cases for supplementary explanation. I hope this book can help entrepreneurs, policy makers, and investors better understand themselves, better understand their own investment philosophy and investment strategies, so as to obtain higher investment returns.