Recently, "Flowers" has become popular all over the Internet, this is the "** work" of the famous director Wong Kar-wai's TV series, which was brilliantly performed by half of the Shanghai actors in the entertainment industry, and ended last night!The play is adapted from Jin Yucheng's novel of the same name**, and the original work won the 9th Mao Dun Literature Award in 2015. The beauty of the TV series "Flowers" is so beautiful that the light and shadow of the lens that makes people take screenshots frame by frame, the narrative mode interspersed with multiple lines, the colorful lights, the heartwarming soundtrack, and the lines full of tones, the style is "very Wong Kar-wai", and the former Shanghai scenery is interpreted "vividly"!The Baoying War, the dealer's shipment, the rush to raise cards, the harvesting of leeks, etc., have unveiled the tip of the iceberg in the reckless era of the capital market. In the past, Hong Kong dramas had "The Great Era", and now we have "Flowers", which is not only love and hatred, but also a turbulent history of capital for 30 years. Behind the flowers, there is more investment enlightenment, which makes people reflect. Today, Xiao Miao will share it with you.
Follow "Flowers" to learn "investment".
*From the Internet) Whether it is ** or a TV series, "Flowers" is not a period drama, let alone someone's entrepreneurial historyJust quietly tell the ups and downs of the mythical era of wealth, as well as people's desires and sentient beings. The "uncle" in the play is the noble man in Ah Bao's life, guiding Ah Bao to embark on the **+ foreign trade road, and assisting Ah Bao to become the treasure president who everyone envies and dominates the business world. One is experienced, insightful, and well-connected, and the other is young, capable, and agile, and the two complement each other well. If age is aside, it is very similar to the late Munger + Buffett in reality. Warren Buffett once said that Munger taught him the key investment philosophy to be reasonable *** excellent business, and described the relationship between the two as "he is the designer, and I am the general contractor". So, what enlightenment does "Flowers" bring to investors?Do the investment sentences in "Flowers" still have a reference role in the present?Xiao Miao will excerpt a few classic lines to interpret below, hoping to throw bricks and lead to jade. 1.This market is not about who makes more money, but who lives longer. This sentence successfully defines what is the real "winner" of the capital market, and the truth that risk and return are always proportional. As we all know, the ** in 2023 is extremely fragmented and differentiated, micro-cap stocks and theme stocks have risen to the sky, while high-quality white horse stocks have continued to fall, and the logic behind it has been analyzed many times before, so I will not repeat it here. However,Any hot theme stocks can't escape the fate of chicken feathers in the endThis is true for artificial intelligence and optical modules in the first half of 2023, as well as for computing power and dragon generation in the second half of 2023. In the ** of chicken feathers, most of them are buried with shareholders who can't stand the "** and want to make quick money. 2.The Empire State Building in New York knows that it takes an hour to run from the bottom to the roof, and it only takes 8.8 seconds to jump from the roof, which is **. If you want to make money from **, you must first learn to lose. 
*: Tencent**.
This is the classic line that Uncle Bao originally taught Mr. Bao, which is actually consistent with the philosophy of the late investment master Munger. Munger once said: In the capital market, losses are inevitable. If you can't accept short-term losses, it's hard to reap long-term market returns. If you can't take it in stride if the market is more than 50%** two or three or more times in a century, you're not an investment candidate. This describes a cruel capital market, whether it is a long-term upward market or a long-term upward ** will inevitably experience a sharp drawdownThe key is how to take it in stride. Patience and curiosity are crucial!Of course, if you want to make money from the world, you must first learn to lose, and it also warns shareholders of a simple truth: if you want to make money in the market, it is normal to pay some "tuition" first. 3.The great heat will be followed by the great cold, and you must remember that this is the law. This shows that everything is the law of the cycle, and it also means that the turning point of the market will only be late, and it will not not come back. Because, for the world's **, mean reversion has always been the ultimate ruler of **. There is an iron rule: buy where no one cares, and sell when people are buzzing. There is nothing new under the sun, the industry will progress, and it is mostly repetitive. When everyone says that ** votes make money, you have to be careful, and your thinking has to change from bull to bear. Looking back at history**, A-shares were the four-year bear from 2001 to 2005, followed by the mad bull from 2005 to 2007. It is precisely because of the national carnival from 2013 to the first half of 2015 that there has been a long consolidation since the summer of 2015. Looking at it now, A-shares fell below 2900 points, **at the freezing point of the freezing point, which is completely out of the fundamentals**. There will be a big cold after the big heat, and there will be a big heat after the big cold, and waiting patiently for the return of market valuations is the best trading strategy. This is also the truth that Xiao Miao shared before, "The pole of things must be reversed, otherwise the pole is the ultimate law of the capital market". 4.The layman looks at the façade, and the insider looks at the back door. The meaning of this line is that for a certain field or industry, people who do not understand the field or industry only look at the superficial phenomena and only focus on the outcome of things. For insiders, they pay more attention to the internal operation and management of the enterprise, so as to make more informed decisions and judgments. In terms of the capital market, it is to learn how to study the fundamentals of policies, industrial economy, and financial reports of listed companies. And those who don't understand these are destined to be just "spectators". 5.The market is always right, and only you are wrong. If you rush too fast and escape too slowly, you will definitely be deflated. The phrase "uncle" tells us to respect the market, respect the market, and always correct our own predictions. 6.Li Li also has a famous saying: We will calculate the account, others will also calculate, the money we can make, others can also earn, we want to do it, we have to calculate the account that others can't calculate, and earn the money that others can't earn!This remark emphasizes the importance of a strong brand moat and a scarcity of product value. And the real value investment is the "monopoly" and "scarcity" of the head listed companies such as dip hunting. 
Investing is a solitary practice
*Originated from the Internet).
In short, for more than 30 years, China's first wave of sand has always nurtured opportunities, risks and possibilities, and also carried the joys and sorrows, fates and dreams of 200 million shareholders. And every ** people is a flower. Where the flowers are in full bloom, Bao is you, me, and the representative of thousands of enterprising shareholders, and a typical investor group portrait. But most ordinary people**, just thinking about getting rich or making quick money, following the hype or listening to the news**, etc., these are incorrect thinking. "The Rabble" said that what accumulates in the crowd is stupidity, not innate wisdom. Investing is a lonely practice, and not conforming to the herd may not necessarily make money, but conforming too much will definitely lose money. Think of danger, think of change, think of retreat. Knowing and then being able to be determined, being fixed and then being quiet, being quiet and then being able to be safe, being safe and then being able to consider, and then being able to get. Risks are always in the crowd, and opportunities are always in the middle of no one's attention, a qualified investor should do: think backwards, never take over!Encourage it. The above analysis is for reference only and is not intended as an investment basis