Let's take a look at Mr. Buffett's 18 aphorisms;
1. Many people have a higher IQ than me, and they work longer and harder than me, but I am more rational in doing things. You have to be able to control yourself and not let emotions dominate your sanity. It is better to invest in a good company with a reasonable ** than to invest in a mediocre company with a good **. I'm trying to buy a company that's so good that a fool can run it, because sooner or later, a fool will run it.
2. If you basically learn from others, you don't need to have too many new ideas of your own, you just need to apply the best knowledge you have learned.
3. People who can't afford the stock price of **50 shouldn't**.
4. In recent years, my investment focus has shifted. We don't want to buy the worst furniture at the cheapest price, we want to buy the best furniture at the reasonable price.
5. I don't know anything about the overall economy, and I can't exchange rates and interest rates at all, but fortunately, I don't pay attention to it at all when I do analysis and choose investment targets.
6. Only when the tide goes out will you know who has been swimming naked.
7. When the world offers such an opportunity, smart people will keenly see this kind of bet. When they have the opportunity, they make big bets. The rest of the time no bets are placed. It's as simple as that.
8. Philosophers tell us to do what we love, and then success will follow.
9. For every investment, you should have the courage and confidence to invest more than 10% of your net worth.
10. The short-term ** is poison, and they should be put in the safest place, away from children and those investors who behave like children in **.
11. I like simple things.
12. The key to life is to position yourself accurately.
13. Never engage in a business that is currently causing misery but may improve a lot in 10 years from now. If you don't appreciate what you're doing today, you probably won't appreciate it 10 years from now.
14. Whether others approve of you or react to you, it should not be a factor for you to do the right thing or the wrong thing.
15. It's also much better to own a part of a diamond than to own a piece of rhinestone entirely.
16. How much wealth you can accumulate in your life does not depend on how much money you can make, but on how you invest and manage your finances.
17. Be sure to invest within the scope of your understanding.
18. It takes 20 years to win a good reputation, and to ruin it, 5 minutes is enough. If you understand this, you will act differently.
Forget about playing games with your kids.
Why did Warren Buffett give such advice? According to his point of view, **is nothing more than the influence of fear, in the long run, put it to 10-20 years,**of course, he is talking about US stocks), yes**. This is easy to explain, because human civilization is moving forward, wealth is accumulating, technology is progressing, population is increasing, and even currency is inflated. And all this is destined to **will**. Therefore, don't worry about encountering**, go to play games with your children, just accompany your family, forget**, it will slowly rise back by itself.
At the age of 11, Warren Buffett used his sister's account to buy the first ** in his life - urban service preferred stocks.
When he bought it, the stock price was 38 US dollars, he was extremely confident, chose "stud", and used all his belongings to buy 3 shares, which was 114 US dollars in 1941, equivalent to more than 2,060 US dollars now, 15,000 yuan.
All this money is Buffett's money earned by picking up bottles and selling them, buying chewing gum and cola from his grandfather's grocery store, selling them at the door, and delivering newspapers door-to-door.
She also highly recommended it to his sister, swearing that she would make money, and her sister felt that this kid could make money since he was a child, and also gave the money to Buffett to buy 3 shares.
Who knew that if you bought it, the company fell to $27, a drop of nearly 30%, and her sister did not fall to him for this at the time, he said that he felt like a fool at the mercy of others.
Fortunately, the stock price rose again, and Buffett hurriedly sold it after returning to the capital, and was glad that he was able to "return to the capital".
When he sold, the stock price was $40 and he made 5 points, but as soon as he sold, the stock price began to soar, reaching a maximum of more than $200 per share, and there was a 4 times profit from the selling point.
Buffett was still a minibus at that time, and he didn't grow into the old bus he is now, and he was still very uncomfortable when he saw 60,000 yuan fly away.
But Warren Buffett is good at summing up, and he learned two lessons:
1. Don't give money to others easily, especially don't lose money to others.
2. Don't sell it because of a little bit, otherwise you will feel like a stupid donkey who has been abandoned when you look at the stock price all the way.