Many people invest in the stock market hoping to find the next Microsoft and Dell.However,

, I know 【C1】______ personal experience how difficult this really is. For more than a year, I was 【C2】______ hundreds and sometimes thousands of dollars a day in investing in the market. It seemed so easy, I dreamed of 【C3】______ my job at the end of the year, of buying a small apartment in Paris, of traveling around the world. But these dreams 【C4】______ to a sudden and dramatic end when a stock I 【C5】______ , Texas cellular pone wholesaler, fell by more than 75 per cent 【C6】______ a one year period. On the 【C7】______ day, it plunged by more than $ 15 a share. There was a rumor that the company was 【C8】______ sales figures. That was when I learned how quickly Wall Street 【C9】______ companies that, in one way or another, misrepresent the 【C10】______ .

In a 【C11】______ , I sold all my stocks in the company, 【C12】______ margin debt with cash advances from my 【C13】______ card. Because I owned so many shares, I 【C14】______ a small fortune, half of it from money I borrowed from the brokerage company. One month, I am a 【C15】______ the next, a loser. This one big loss was my first lesson in the market.

My father was a stockbroker, as was my grand- father 【C16】______ him. (In fact, he founded one of Chicago's earliest brokerage firms. ) But like so many things in life, we don't learn anything until we 【C17】______ it for ourselves. The only way to really understand the inner 【C18】______ of the stock market is to invest your own hardeamed money. When all your stocks are doing 【C19】______ and you feel like a winner, you learn very little. It's when all are losing and everyone is questioning your stock picking 【C20】______ that you find out if you have what it takes to invest in the market.

【C1】

A．at

B．in

C．from

D．by

Could youreproduce Silicon Valley elsewhere, or is there something unique about it？

It wouldn’t besurprising if it were hard to reproduce in other countries, because youcouldn’t reproduce it in most of the US either. What does it take to make aSilicon Valley？

It’s the rightpeople. If you could get the right ten thousand people to move from SiliconValley to Buffalo, Buffalo would become Silicon Valley.

You only needtwo kinds of people to create a technology hub （中心）:rich people and nerds （痴迷科研的人）.

Observationbears this out. Within the US, towns have become startup hubs if and only ifthey have both rich people and nerds. Few startups happen in Miami, forexample, because although it’s full of rich people, it has few nerds. It’s notthe kind of place nerds like.

WhereasPittsburg has the opposite problem: plenty of nerds, but no rich people. Thetop US Computer Science departments are said to be MIT, Stanford, Berkeley, andCarnegie-Mellon. MIT yielded Route 128. 　　Stanford and Berkeley yielded SiliconValley. But what did Carnegie-Mellon yield in Pittsburgh？ And whathappened in Ithaca, home of Cornell University, which is also high on the list.

I grew up inPittsburgh and went to college at Cornell, so I can answer for both. Theweather is terrible, particularly in winter, and there’s no interesting oldcity to make up for it, as there is in Boston. Rich people don’t want to livein Pittsburgh or Ithaca. So while there are plenty of hackers （电脑迷）who could start startups, there’s no one to invest in them.

Do you reallyneed the rich people？ Wouldn’t it work to have the government invest the nerds？No, it would not. Startup investors are a distinct type of rich people. Theytend to have a lot of experience themselves in the technology business. Thishelps them pick the right startups, and means they can supply advice andconnections as well as money. And the fact that they have a personal stake inthe outcome makes them really pay attention.

56. What do welearn about Silicon Valley from the passage？

A) Its success is hard to copy any where else.

B) It is the biggest technology hub in the US.

C) Its fame in high technology is incomparable.

D) It leads the world in information technology.

57. What makesMiami unfit to produce a Silicon Valley？

A) Lack of incentive for investments.

B) Lack of the right kind of talents.

C) Lack of government support.

D) Lack of famous universities.

58. In that wayis Carnegie-Mellon different from Stanford, Berkeley and MIT？

A) Its location is not as attractive to rich people

B) Its science department are not nearly as good

C) It does not produce computer hackers and nerds

D) It does not pay much attention to business startups

59. What doesthe author imply about Boston？

A) It has pleasant weather all year round.

B) It produces wealth as well as high-tech

C) It is not likely to attract lots of investor and nerds.

D) It is an old city with many sites of historical interest.

60. What doesthe author say about startup investors？

A) They are especially wise in making investments.

B) They have good connections in the government.

C) They can do more than providing money.

D) They are enough to invest in nerds.

ortant decision, such as choosing a university to attend or a business to invest in, involves the utilization of a decision worksheet. Psychologists who study optimization compare the actual decisions made by people to theoretical ideal decisions to see how similar they are. Proponents of the worksheet procedure believe that it will yield optimal, that is, the best decisions. Although there are several variations on the exact format that worksheets can take, they are all similar in their essential aspects. Worksheets require defining the problem in a clear and concise way and then listing all possible solutions to the problem. Next, the pertinent considerations that will be affected by each decision are listed, and the relative importance of each consideration or consequence is determined. Each consideration is assigned a numerical value to reflect its relative importance. A decision is mathematically calculated by adding these values together. The alternative with the highest number of points emerges as the best decision.

Since most important problems are multifaceted, there are several alternatives to choose from, each with unique advantages and disadvantages. One of the benefits of a pencil and paper decision-making procedure is that it permits people to deal with more variables than their minds can generally comprehend and remember. On the average, people can keep about seven ideas in their minds at once. A worksheet can be especially useful when the decision involves a large number of variables with complex relationships. A realistic example for many college students is the question "What sill I do after graduation？" A graduate might seek a position that offers specialized training, pursue an advanced degree, or travel abroad for a year.

A decision-making worksheet begins with a succinct statement of the problem that will also help to narrow it. It is important to be clear about the distinction between long range and immediate goals because long-range goals often involve a different decision than short range ones. Focusing on long-range goals, a graduating student might revise the question above to "What will I do after graduation that will lead to successful career？"

What does the passage mainly discuss？

A．A method to assist in making complex decisions.

B．A comparison of actual decisions and ideal decisions.

C．Research on how people make decisions.

D．Differences between long-range and short-range decision making.

A．While all？proponents？of a？flat？tax？tout？its？simplicity, many？elements？are being？debateD．

B．It will not？surprise？you to？learn？that Eugene Wigner has been a leading？proponent？of this？view.

C．Its？main proponent？has been？Martin？Kane and I give some？attention？to his work in？chapter？thre

E．

D．Talk to an independent financial？proponent？before you？invest？your money.

I was surprised by the ______ of so many people at the meeting.

A、example

B、record

C、goal

D、presence

Reading Comprehension

Directions:There are two passages in this part． Each passage js followed by some questions

or unfinished statements． For each of them there are four choices marked A,B,C and D． Youshould decide on the best choice．

Questions 56 - 60 are based on Passage One:

Passage One

How should one invest a sum of money in these days of inflation (通货膨胀) ？ Left in a bank it will hardly keep its value, however high the interest rate is．Only a brave man, or a very rich one, dares to buy and sell on the Stock Market．Today it seems that one of the best ways to protect your savings, and even increase your wealth is to buy beautiful objects from the past．Here I am going to offer some advice on collecting antique clocks, which I personally consider are among the most interesting of antiques．

I sometimes woncler wl:cat a being from another planet might report back about our wayof life． “The planet Earth is ruled by a mysterious creature that sits or stands in a room and makes a strange ticking sound． It has a face with twelve black marks and two hands． Men can do nothing without its permission, and it fastens its young round people's wrists so that everywhere men go they are still under its control．This creature is the real master of Earth and men are its slaves． ”

Whether or not we are slaves of time today depends on our culture and personality, but it is believed that many years ago kings kept special slaves to tell the time． Certain men were very clever at measuring the time of day according to the beating of their own hearts． They were made to stand in a fixed place and every hour or so would shout the time． So it seems that the first clocks were human beings．

However, men quickly found more convenient and reliable ways of telling the time．

They learned to use the shadows cast by the sun．They marked the hours on candles, used sand in hour-glasses, and invented water-clocks．Indeed, any serious student of antiques should spend as much time as possible visiting palaces, stately homes and museums to see some of the finest examples of clocks from the past．

Antique clocks could be very expensive, but one of the joys of collecting clocks is that it is still possible to find quite cheap ones for your own home． After all, if you are going to be ruled by the time, why not invest in air antique clock and perhaps make a future profit？

According to the passage, collecting antique clocks ()．

A． can hardly keep the value of your savings

B． will cost much of your money

C． may increase your wealth

D． needs your bravery

A.the, a

B.a, /

C.the, /

D.a, a

A.Generally

B.Publicly

C.Personally

D.Considerably

A、peoples

B、people

C、people’s

D、people'es

A.fragile

B.terrific

C.skeptical

D.manifest