2. Wall Street makes money by trading constantly, while you make money by not buying or selling. Everyone in this room trades the stocks you own with each other every day. In the end, everyone will go bankrupt and all the money will go into the pockets of the brokerage company. On the contrary, if you are like a general enterprise, you will remain motionless for 5 years, and in the end you will make a lot of money, and your brokerage company will have to go bankrupt.
3. water under the bridge: The first step to rally is to stop doing things that have been done wrong.
4. In my 35 years of investment work, I haven't found any signs of people moving closer to value investment. It seems that there are some negative factors in human nature, which complicate simple problems.
5. There are few successful cases in the end of the so-called turnaround enterprises. Instead of spending time and energy on buying cheap rotten enterprises, it is better to invest in some good enterprises at reasonable prices.
6. There is no formula to determine the true value of a stock. The only way is to know the company thoroughly.
7. For most investors, what matters is not how much they know, but how to treat what they don't understand correctly. As long as the investor avoids making mistakes, he/she doesn't need to do too much.
8. The so-called "turnaround" companies rarely succeed in the end. Instead of spending time and energy on buying cheap and bad companies, it is better to invest in some good and beautiful enterprises at reasonable prices.
9. If you can't control the situation, it's not a bad thing to miss an opportunity.
1. The existence of the market provides us with a reference, which is convenient for us to find out whether someone has done something stupid. Investing in stocks is actually investing in an enterprise. You must behave in a reasonable way, not blindly following the fashion.