My primary school classmate, it turned out that there were not many funds, only Weibo's salary income, but he started from a small capital, speculated for more than 20 years, and has always insisted on investing in **, and now has hundreds of millions of funds, and 90% of these funds are earned from **.
His understanding: don't keep an eye on the Shanghai and Shenzhen indices to make a comparison, but keep an eye on Moutai, Moutai is the anchor of China's first, if your investment income is lower than that of investing in Moutai, it is unqualified. Or to put it simply, not doubling is bad.
He thinks that an investment must exceed the investment in Moutai, so he will do it, otherwise it is better to invest in Moutai directly. He does not invest in Moutai all year round, because his investment income is much higher than that of Moutai. He also doesn't vote for white horse blue chips, and thinks that this kind of slow rise must be a hot spot, and the vote that the funds like will work.
He told me early on that value investing in Bamang is only one faction of investments, and there are many factions of investment, and all kinds of factions can make money in the market. This is the equivalent of a tropical rainforest where all kinds of organisms can coexist. There can't be only one faction, otherwise the ecology will collapse.
He commented that his value investing is very complex, and there are many factors that lead to his success, rather than simple, high-quality companies that are held for a long time. 99% of ordinary investors are not suitable for value investing.
His income has been very stable, there have been no big ups and downs, and in 2022, everyone lost money, and he bought an X6 with the fraction he earned. He said that what he pursues is always the mainstream of the market and continues to make money, which is his most important goal.
It wasn't until I really understood what he was saying. An ordinary person, who does not rely on background relationships, never listens to gossip, makes money from ** in a down-to-earth manner, does not believe in authority, does not blindly follow doctrine, and does not even belong to any genre. Over the years, he has finally achieved something, but he is still walking on the road step by step, steadfast and firm. It's hard to persevere, and it's boring and fun to review every day. It's fun to make money.