Learn Xi investment or watch Warren Buffett.
Tips: This article is only used as a record of personal investment, and the investment targets discussed do not involve any form of recommendation, pleaseThink for yourself and at your own risk.
I started to read "Buffett's Letter to Shareholders" over the years.
For "Warren Buffett's Letter to Shareholders", if you can know its value, then you can experience: read it often, always new!
I have two places to look at this information, one is on the kindle, and the other is printed.
You can read it from beginning to end on your kindle, but when it is printed, I will take the attitude of flipping through it.
A little quiz: If you plan to eat hamburgers for the rest of your life and don't raise cattle yourself, do you want beef*** or **?Similarly, if you change cars every now and then, and you don't sell cars, what do you want the car to be?The answers to these questions are obvious.
Finally, let me ask you another question: if you estimate that you can save a sum of money in the next five years, do you want the market to rise or fall during this period?At this time, many investors may be wrong about the answer to this question, although they will buy ** in the future period, but when the stock price rises, they will be happy, and when the stock price falls, they will feel depressed, this feeling is equivalent to when you go to buy a burger to eat, you are ecstatic to see the price of the burger rise, such a reaction is really unreasonable. Only those who are ready to sell ** in a short period of time should be happy, and those who are ready to buy ** should expect a decline in the stock price, for Berkshire shareholders who are not ready to sell **, such a choice could not be more obvious, first of all, even if they spend every penny they earn, Berkshire will automatically help them save money, because Berkshire will invest the surplus earned in other businesses and ** Therefore, as long as the cost of buying these investment targets is lower, the higher the indirect return they will receive in the future.
The above passage is a passage from a letter I casually flipped to in 1997.
I think this passage is very helpful to deal with the current market, so I took it out and hoped it would be helpful to you.
The example given by Warren Buffett is very vivid, the reason is very simple, if you understand, you will understand, and if you don't understand, you will understand it if you read it a few times.
A small test with two questions.
The first question, the choice about one's own life is easy, the second question, a person enters **, it is difficult to distinguish, investment is anti-human, so the choice is difficult.
It's all a matter of choice, in life, intuitive feelings are synchronized with our interests, cheap feelings are good, and they are actually good for us.
And the conscious feeling of ** is the opposite of our interests.
And in **, the **feeling of the stock price is bad, but if it is **, it is beneficial to us, and when we want to sell, it is unfavorable. So there is still a question of choice here.
What are your choices in the moment?Or sell, short term or long term?This will all affect how you feel.
Now, if we are a long-termist, our feelings, although painful, should be happy in our interests.
The difficulty is that it is not so easy to be happy when it is really **.
On the contrary, the Tao moves".
Isn't it true that we invest to participate in enlightenment?
Dao, as long as we know that this path is right, as for when we can reach the end, then it is a matter of one's understanding.
Enlightenment requires us to cultivate, and it is not so easy.
So the next time you see the news headline of "** Crash - Investors Lose No Loan", you know that it should be changed to "** Crash - People who don't invest lose and those who don't take out loans make a profit", when you start thinking like this, you have already entered a different realm.
Well, that's all for today, see you next time!
My continuous output comes from your approval, please move your little hand to click "watching", "follow", in order to facilitate the viewing of data, please "bookmark" it!
If you think it's valuable, share it with your friends who need it!