When I was a kid, my most precious toys were those two shiny glass marbles. I remember one time, I was playing a game of marbles with my friend next door, and the result was not ideal, and I lost all the marbles in my hand. You know what? After the friend finished playing, he actually gave me back the marbles and asked me to continue playing the next day.
By the next day, the situation had not changed, and I lost again. However, this time the neighbor's kid came up with an idea: "What, I'll lend you ten marbles first, and we'll have another game?" And so, on the third day I went on the field with the ten marbles he had lent me, and the result was the same, all lost. But instead of giving up on me, he lent me more marbles so that I could play at his house without worrying about winning or losing, and we played cards, chess, and kite flying together.
The lesson from this little story is that life and the world are like a big game. The game of this world can only continue if we keep trying and progressing, moving from a zero-sum game to a win-win situation.
This also explains why I am optimistic about the future of the world economy, especially the economy of our country. Looking back at the changes in the past 30 years, the market has undergone earth-shaking changes from the early preference for speculating on junk stocks to the current emphasis on company performance. Now, the shares of the companies that are performing well are hitting new highs, while those that are underperforming are fading out of the market. This is the shift in the rules of the game, from the benefit of the few to the benefit of many people.
Look at the United States**, which has repeatedly hit new highs in recent years, and the reason behind it is also because they have adopted more winning play. Many institutional funds are concentrated in large, high-performing companies that benefit most participants by driving up their share prices through large dividends and buybacks.
Therefore, in the future, the A** field will definitely be dominated by those large companies with excellent performance. Only in this way can the A** field usher in a real long bull trend. Of course, this doesn't mean that small-cap stocks will be marginalized immediately, but in the long run, it will be the big and good companies that will deliver consistent gains for most people.
The future is like a long-distance race, not a sprint. In this race, the strong, endurance runners – that is, the companies that are large and perform well – will be more popular because they run far and steadily. And those who are fast but lack stamina may soon fall behind.
In the next 10, 20, or even 30 years, we will see a trend: large companies that perform well, pay high dividends, and often buy back their own ** will become the darlings of **. This is not accidental, but because their performance is in the long-term interest of most investors, whether large institutions or ordinary people.
Think about it, when a company continuously returns profits to shareholders in the form of dividends, or boosts earnings per share through buybacks**, its share price will naturally rise. Such a company, like a long-distance race, is moving forward steadily, not only winning the race, but also winning the applause of the audience.
Moreover, these companies are often leaders in various industries, and they are a big step ahead in their fields, such as leading companies in robotics, new energy, artificial intelligence, semiconductors, consumer, medical and other industries. These industries are the focus of the future development of the country, and the success of these companies is not only their own success, but also the success of the country and society.
Therefore, if you are optimistic about the future of the A** field, you must pay attention to these large and excellent companies. They can not only bring stable returns to investors, but also bring positive energy and development momentum to the entire market. Although this does not mean that small companies do not have opportunities, in the long-term investment road, choosing these leading large companies is undoubtedly a more secure and secure strategy.
In the future, it will be the world of large companies that can continue to create value for shareholders. It's a game that everyone can benefit from, and it's a game that can last for a long, long time.