Today I watched Xiaomi's Lei Jun's speech at the 130th anniversary of Wuhan University. Lei Jun is as confident, funny and humorous as ever. He talked about the road he has traveled, talked about "persistence", and talked about "greatness is boiled out"!
Coincidentally, Ren Zhengfei also said: "Huawei has not succeeded, it is just growing." Greatness is boiled out. ”
Why do successful entrepreneurs think that "greatness is made up"?
The key here is the word "boil", boil time, boil patience, boil confidence, boil not admit defeat!
Not only greatness is "boiled out", but good medicine is also "boiled out", and good soup is also "boiled out".
Not only are greatness, good medicine, and good soup "boiled out", but also the gods are "boiled out" ......
Warren Buffett, the "God of Stocks", is known to all of us, and his biggest characteristic is that he holds shares for a long time, staying up for a long time, and others can't stay up until he becomes the world's No. 1 stock god.
Warren Buffett's investment in BYD has been 15 years.
In September 2008, Warren Buffett sold HK$8 shares2.5 billion BYD H shares, costing about HK$1.8 billion. Warren Buffett has ** amount, plus the total value of the holding ** is about 541HK$2.2 billion, which is 30 percent of the investment amount07 times. Held for 15 years, the profit reached 2907 times, floating profit of 523HK$2.2 billion, with an annualized yield of more than 25%.
The road to becoming a god is not all smooth sailing.
In 2008, Buffett sold BYD at 8 Hong Kong dollars per share, rising to 80 Hong Kong dollars, and people praised Buffett as a stock god.
In 2012, BYD fell to 9 Hong Kong dollars, Buffett's holdings did not move, people said, Buffett is quite old, what kind of stock god to China's ** are "scum".
In 2017, BYD rose back to 80 Hong Kong dollars, Buffett continued to move, and people said that Buffett was really a stock god.
In 2021, BYD's share price rose to HK$333, and at this time Buffett began to sell BYD.
In December 2023, BYD's latest price is HK$197, and everyone thinks that Warren Buffett is a veritable stock god!
In the past 15 years, BYD has not been smooth sailing, but has experienced life and death many times.
At BYD's 5 million new energy vehicle off-line press conference, President Wang Chuanfu recalled BYD's development history in the past 20 years since it set foot in the automotive industry in 2003.
When talking about the hardships on the way to starting a business, Wang Chuanfu choked up several times at the scene: the man didn't flick when he had tears, just because he didn't get to the sad place.
In the past 20 years, BYD has faced the strangulation of foreign brands such as Japanese, German, and American cars, and the prejudice and blind worship of foreign countries by domestic consumers have even scandalized the BYD brand.
In the face of various risks such as BYD's new energy vehicle ** incident, 4S store anti-water withdrawal network, advertising incidents, and the delay in the popularization of the new energy vehicle market.
Wang Chuanfu survived, and at the same time, Buffett also survived.
They are undoubtedly great!
Warren Buffett is 93 years old, and his "old partner" Munger died at the age of 99, and they both lived a long life.
Why are ** people prone to live longer?
Because they know that only by staying up can they succeed.
They are both staunch optimists.
*, the comparison is not intelligence, it is compared to physical strength and endurance, and it is compared to patience.
Patience is the foundation of all "stock gods".
The gods are all boiled out!