Read Warren Buffett's new letter to shareholders
Today I read Berkshire Hathaway's recent Warren Buffett letter to shareholders, which highlights a number of important investment principles and philosophies.
It's important to invest in good companies, and at Berkshire Hathaway, they especially value rare businesses that can deploy additional capital and deliver high returns. Not only do these businesses create great value for shareholders, but they are also wealthy enough even for their heirs. This reminds us that choosing a quality company is the key to investment success.
Don't be scared by fear. When there is volatility in the market or economy, some of the largest corporations** and bonds with good fundamentals can experience surprising mispricing. Therefore, we need to stay calm and avoid blindly following the herd or panicking excessively. Berkshire Hathaway's ability to weather a financial catastrophe like never before will provide us with occasional large-scale investment opportunities.
Believe in the power of time. In Buffett's view, "American tailwinds" is one of the main secrets of his success. However, I think there is also a "Chinese tailwind" in Chinese investment, that is, a series of policies adopted by China to support economic development. These policies, including increasing infrastructure construction, promoting innovation-driven development, and strengthening international cooperation, have provided strong support for China's economic development.
At present, we are facing many challenges, including reduced liquidity and declining confidence. However, China has a solid foundation in the real economy, a huge consumer market and a full range of manufacturing products. Persisting in seeking truth from facts and earnestly implementing all aspects of work will help us get out of our predicament. In particular, we need to stabilize financial markets, boost confidence, and provide solid support to the real economy. Only in this way will we be able to meet the challenges and achieve sustainable economic development. We are confident in this and look forward to seeing a large return of foreign capital in the near future, which will become an important indicator of the success of our transformation. Berkshire Hathaway's letter to shareholders provides us with many valuable investment lessons and implications. They emphasized the importance of choosing a quality company, noting that they should not be intimidated by fear while firmly believing that the power of time will lead to better results. These are important principles and philosophies that we need to keep in mind during the investment process.
Watchtower Market Direction Timing System 20242.29thYesterday the market was still in the ICU, and today it has switched to KTV! As soon as investors came out of the panic, they ushered in the full line**, and the Shanghai Composite Index returned to 3,000 points, ending the six consecutive negative lines of the monthly line. The rapid switching of market styles tests the resilience of every investor.
The semiconductor sector has become the leader today, and the 380 billion chip giant SMIC GJ once soared 8%, leading the northern HC and China Micro GS to rise. According to a new report from the International Semiconductor Industry Association, the global semiconductor manufacturing industry will recover in 2024, bringing a broad space for domestic substitution to domestic equipment manufacturers.
In the field of new energy vehicles, the price limit of Sailis S is 0The weekly sales volume of 720,000 units ranked among the top three luxury brands in the Chinese market, showing that the new energy vehicle surpasses the traditional luxury fuel vehicle. At the same time, the news of Apple's cancellation of the car-making plan has also caused a strong response in the car circle, and various bigwigs have expressed their opinions.
As market volatility intensifies, investors need to remain calm, clarify their investment direction, and use logic to support their positions. In this ever-changing market, only by adapting to changes can we seize opportunities and meet challenges.
We focus on several major indices: the short- and medium-term trend is consistent, it is an upward trend, and the stock is high.