I also often ask myself the question, will the ** I hold now still be there in ten years?Warren Buffett said: If you don't want to hold a ** for ten years, then don't even hold it for ten minutes.
Warren Buffett's Bank of America and Coca-Cola have been held for decades, and they are still holding heavy positions. We are familiar with him buying BYD at about 8 Hong Kong dollars, and he has held it for more than ten years, and it only started at more than 220 Hong Kong dollars.
As a leader, although we can't hold one for decades, we can still learn from his operating ideas, that is, find a few good companies that are not easy to fail and have stable profits, intervene when the company is low, and hold it all the time, and there will be a good harvest. He wanted to buy Coca-Cola, waited so long, waited for the Coca-Cola company to make a mistake, ** lowered before entering. He bought BYD so early, he was sure of China's future of battery electric vehicles, and he did not leave the market when BYD's stock price fluctuated repeatedly in the middle!
I am also reflecting on the industries I hold, banking, water supply, gas supply, food, medicine, these industries I hold, ten years later, or even longer will still be absent, whether the profit is stable, whether there is a good future in the future, if the answer is yes, I will be more confident in my holdings, otherwise, I will consider selling, reducing or light positions.
In terms of stability, I still focus on banks, especially the four major banks, and will continue to increase their positions when the ** low point. In terms of growth, I think more about medicine and technology. The big guy Lin Yuan's positions and views, I have to learn about it, and now it is a light position to participate. I don't know much about science and technology, so I don't dare to participate easily. Xiaomi, who bought a little Hong Kong stock in the early stage, made a little money and sold it, and felt that now Xiaomi and Tencent have become investment empires. If you want to buy some Beidou and Huawei, you can't choose a good company, so you don't buy anything from technology. I will continue to pay attention to and Xi technology companies, and if there are those that meet my investment philosophy, I will choose a little.
I hope that in ten years, I still have the ** I buy now in my position.