I got up at 5:30 in the morning and went to catch the high-speed rail, and on the way I saw the news of the death of Mr. Charlie Munger, and wished him good health in another world, after all, 99 years old is considered a long life, and we should accept the law of aging.
Charlie Munger and Warren Buffett, the best pair in the investment world, have given us a lot of inspiration, looking back, as an ordinary investor, I did learn a lot from Mr. Charlie Munger.
1. Health and longevity are the foundation of everything.
Back at the beginning of the year, the 99-year-old Munger was still talking eloquently at the shareholders' meeting, and his thinking was still very clear, which was really envious.
Munger once talked about his body, and the blindness in his right eye is still very troublesome.
And he has a son who died of leukemia when he was 7 years old, "His son was lying in the hospital bed slowly dying, he walked in and hugged his son for a while, and then ran outside and cried as he walked down the street." ”
Therefore, health and longevity are the foundation of everything, not just investors, but everyone. I now try to keep exercising, rhythmic exercise, as long as I don't travel, I will play basketball or run every day, and take 3-5 days off for a day; I also try to control my weight.
However, not everyone can take the initiative to control, as a person from the bottom, I know that many people's work and living environment is passive and harmful to the body, and can only be blessed.
2. Treat others sincerely and truthfully, and express yourself.
Charlie Munger is a person who can say that he can express himself, and he has caused some controversy and trouble because of his opinions, but he has not changed, have you thought about the reason?
Because he is honest and true enough, what he says and does comes from the heart, rather than being thought about and packaged, and then expressed euphemistically, and it is okay if he doesn't hold it.
People with such a personality, although they may suffer some losses and be bored by some people, but such a person must be lovely, sincere, and worthy of communication and exchange, and he must have a more positive impact on you.
Moreover, such a person must be happier in his own life, and I like this too.
3. Strive to improve your investment ability, but it should be suitable for you.
Mr. Munger's investment ability and performance are beyond doubt, which has been proven in history.
As an investment research practitioner in the industry, it is very important to engage in first-class investment consulting and strive to improve your investment ability, and it is the core of everything.
However, the specific evolutionary process and path need to be combined with the actual situation of the individual, and what suits you is the best.
For example, self-investment may require attention to efficiency, but public products and services may need to pay more attention to fairness; Many things need to be combined with reality to do well.
4. Pay attention to the essence of value, not valuation and **, let alone specific forms.
Munger didn't put a clear label on himself, what kind of investment style and value did he have? Grow?
It doesn't seem to be at all, he and Warren Buffett talk more about long-term investing, and there is a sentence in it that "the world is full of stupid gamblers, and they don't do as well as patient investors".
What he really cares about is whether the enterprise has real investment value, not cheap or not, if a company does not grow, it will lose in the future competition, then it is not cheap or cheap, it may be a risk.
This point also has a huge impact on Buffett.
I think and practice, it's the same, don't care what style it is, value or growth, is it important? Is it necessary? It's not necessary at all, **go if you have the opportunity**, the core point is whether you understand it or not, and whether you can control it or not? You can't force it.
It doesn't even matter whether it's an investment company or a single base, whether it's investing in China or abroad.
5. Accept the arrangement of fate, but always work hard, be friends with good people, and be kind to others.
Rich as Munger, he must also face the end of his life, I think, we ordinary people are likely to be like this, right? In this case, should we be more calm in the face of the arrangement of fate? It's okay, don't be idle, don't be unhappy, and live happily for a lifetime.
Treat work and life as positively as possible, don't be pessimistic and coping, and success after hard work is very fulfilling.
Again, life is limited, spend more time with your family, be friends with good people more, associate with good people more, strive to be kind to others, and don't waste your life on unworthy people and things.
I salute the master, it will last for a long time, and I believe that I will have a lot of inspiration from him in the future.
What the? Tell us about today's plate? What are you talking about, the changes of the day really can't change anything, not to mention that people are still immersed in thinking, and they are still on the way on a business trip, very sad and hard, don't you have to go to work tomorrow? Give a thumbs up, leave a message, and hurry up and wash up and sleep.
I am silent, insist on research and analysis every day, an investment observation and thinking on every trading day, a "big review" every trading day, and publish a weekly strategy report every Sunday, maintain efficient communication and exchanges at any time, and insist on working hard to improve research capabilities.
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