Hello everyone, today the little monster wants to talk to you about the topic of Munger.
The departure of Old Man Munger was quite unexpected for the little monster, and he always felt that he could live for a long time, which was a myth.
But in the end, it was found that no matter how good a person is, he can't escape the cycle of life and death.
Mr. Munger is my enlightenment teacher who invests and makes money, especially his "Poor Charlie's Book", which I have really read many times and benefited a lot.
Munger said: "Making a lot of money is not by buying and selling, but by waiting. ”
His words touched me deeply. In this fast-paced society, we are always in a hurry, hoping to get rich overnight.
However, true wealth often requires time to accumulate and patience to wait.
First of all, we need to understand that making money is not an easy thing to do.
As Warren Buffett said, "Investing is like snowballing, the most important thing is to find wet snow and long hills." ”
This means that we need to have enough patience and time to find those valuable investment opportunities, rather than rushing into momentary gains and losses.
It's like planting a tree, we can't expect it to grow into a towering tree overnight, but we need to be patient with watering, fertilizing, and waiting for it to grow slowly.
Secondly, we need to be patient enough to wait for the return on investment.
As Peter Lynch said, "The best strategy for investing is to wait." ”
This means that we cannot simply sell our investments because of short-term market fluctuations, but rather need to be patient enough to wait for the true value of our investments to manifest.
It's like fishing, we can't give up just because the fish didn't take the bait right away, but we need to be patient enough.
Furthermore, we need to be patient enough to wait for market opportunities.
As George Soros said, "I never try to ** the market, I just react when the market appears." ”
This means that we should not make decisions lightly because of short-term fluctuations in the market, but rather have to be patient enough to wait for opportunities in the market.
It's like hunting, we can't give up just because the prey doesn't show up right away, but we need to be patient enough.
However, in real life, many people don't have enough patience to wait. They are always in a hurry, hoping to get rich overnight.
As Mark Twain said, "Twenty years from now, you'll regret not doing something."And not because of doing something. ”
This means that we can't make decisions on the spur of the moment, but we need to be patient.
I have a friend who has invested in ** for many years, but his investment has not paid off.
He is in a hurry and wants to make a profit by trading frequently. However, he ignores this quote from Charlie Munger: "Making a lot of money is not by buying and selling, but by waiting." Eventually, his investment failed and he lost a lot of money.
This case shows us that we should not make decisions on the spur of the moment, but we need to be patient. Only in this way can we really make a lot of money.
In general, making a lot of money is not by buying and selling, but by waiting. We need to have enough patience and time to look for those valuable investment opportunities, wait for the return on investment, and wait for opportunities in the market.
Only in this way can we really make a lot of money. As Charlie Munger said, "Patience and time are the best investments." ”
We should learn to be patient and not rush things.
Thank you for reading, today is the 93rd day of the Little Monster Day Update, I hope the text can inspire you, and I look forward to meeting you every day.
* From the Internet, the infringement is deleted, and you can see it again and again, and you don't get lost if you pay attention
People draw lines.