2. I am greedy when others are afraid, and I am afraid when others are greedy.

3. With regard to macro-analysis, we will continue to ignore * * forecast and economic forecast, which are pastimes for many investors and businessmen at a fixed cost.

The so-called adventure is not knowing what you are doing.

If a principle is out of date, it is not a principle.

6. Analyst and Barber: Never ask the barber if you need a haircut.

7. invest according to your ability. The key is not the size of the scope, but the correct understanding of yourself.

8. In life, I am not the most popular person, but I am not the most annoying person. I don't belong to any kind of person

9. The most difficult time for financing is the best time to buy assets.

10, I read the annual reports of the companies I care about and also the annual reports of their competitors.

1 1, do what you can. You should discover the advantages of your life and investment. Whenever an accidental opportunity comes, that is, you have a full grasp of this advantage, you go all out and put all your eggs in one basket.

12. If you want to swim fast, it is better to use the power of tides than to paddle by hand.

13, treason is as stupid as conformity. What we need is thinking, not voting.

14, when the appropriate temperament is combined with the appropriate intellectual structure, you will get rational behavior.

15, our investment is still concentrated in a few stocks. The concept is simple: a truly great investment concept can often be summarized in a simple sentence. We like an enterprise with sustainable competitive advantage and managed by a group of people who are capable of serving shareholders wholeheartedly. When we find a company with these characteristics and we can buy it at a reasonable price, it is almost impossible for us to make mistakes.

16, judging the value of an enterprise depends partly on scientific research and partly on artistic inspiration.

17, the essence of advantage is to have the widest choice.

18, the timing of buying stocks should be contrary to what most investors think.

19, diversification can offset the side effects of ignorance.

20. The habitual chain is always too light to be noticed before it breaks.

2 1. We don't need flying dragons, as long as we avoid them, we can do well.

22. Why do you have to work hard? Because this is the most reliable way to win self-esteem, and it may be the only way. Why work hard? Because it can inspire our greatest potential, let us recognize ourselves and tell us what we can give to others and how many things we can achieve.

23. What drives the world forward is not greed, but jealousy.

If you succeed at first, don't try another way.

25. Short-term stock market forecast is poison and should be kept in the safest place, away from children and investors who behave like children in the stock market.

26. The answer is still four legs, because no matter whether you treat the tail as a leg or not, the tail will always be a tail!

It's no use running if you go the wrong way.

28. You have to use your own brain. I have always been surprised that so many people with high IQ can imitate without brains. I didn't get any good ideas in other people's conversations.

29. Investment is a rational job. If you can't understand this, you'd better stay out of it.

It takes 20 years to gain a good reputation, but five minutes is enough to destroy it. If you understand this, you will do things in different ways.

3 1. If you don't know who the loser is after joining the poker game for minutes, you are a loser!

32. People who can't bear a 50% drop in share prices should not stock.

33. Stay where you are: Sometimes a successful investment needs to stay where you are.

34. Going to the office every morning feels like going to the church to paint murals!

35. I have been working on the allocation of funds since I was eleven years old.

Don't think about anything else when you work. I'm not trying to jump over a seven-foot railing: I'm looking everywhere for a one-foot railing that I can jump over.

37. The first rule of investment is not to lose money; The second rule is never to forget the first rule.

38. Whether others agree or disagree should not be a reason for you to do right or wrong.

39. Investing is not a game in which a person with a high IQ can win.

40. We might as well regard our good fortune as an opportunity enjoyed by others, not as a right; See our advantages as stepping stones to more brilliant achievements, not as a shield to get rid of hard work and personal challenges.

4 1, if your thoughts are exhausted, you can be eloquent!

42. The key to life is to find out who works for whom.

43. If you can find out the problem fundamentally and think hard, you will never make a mess of things!

44. If you lack self-confidence, guilt and fear will lead to your investment failure. Investors who lack self-confidence are easily nervous and often sell their stocks when the stock price falls. However, this behavior is almost crazy, just like you just bought a house with 1 10,000 dollars, and then immediately told the broker that you would sell it as long as someone offered 1 10,000 dollars.

45. Inflation is the biggest enemy of investors.

I won't measure the value of my life by the money I earn. Others may do this, of course I won't.

47. Our goal is to make the profit of the controlling partner come from the enterprise, not from the foolish behavior of other owners.

Although money can't change your health and make more people love you, it can make you in a more interesting environment.

49. Some Harvard college students asked me who I should work for. I replied, go and work for the person you admire most. Two weeks later, I got a call from the dean of the school. He said, what did you say to the children? They all became self-employed.

We didn't know who was swimming naked until the big waves receded.

5 1. For most investors, what matters is not how much they know, but how to treat what they don't understand correctly.

If you want to change yourself completely, it doesn't depend entirely on how long it takes you. What is more important is whether you have found the right method with your heart.

If you believe in the dignity and value of anyone (including yourself), then you should admit that everyone has the same dignity and value.

54. Money is a byproduct. What really matters is the nature of the work. Money can't buy happiness, but people's values are the most stable currency.

55. Don't be others, be yourself. Listen to your inner voice. Find your unique ideal and lead your life.

If you basically learn knowledge 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.

You can learn a lot about prophets from prophecies, but you know little about the future.

When others are greedy, you should be afraid. When others are afraid, you should be greedy.

59. Learn to sell 1 yuan for 40 cents.

I don't care about the macroeconomic situation. What you want to do most in the investment field is to find out what is important and what is understandable.

6 1. One of the reasons that attracts me to work is that it can let you live the life you want. You don't have to dress up for success.

If you want to be the best person, you must learn from the best person.

Before making an investment decision, I close my eyes and look forward to the company 10 years later.

64. The key to successful investment is to buy stocks of excellent enterprises when the market price is far lower than the value of operating enterprises.

You must think for yourself. I've always wondered why people with high IQ don't use their brains to imitate others. I have never got any clever ideas from others.

66. I never intend to make money the day after I buy stocks. When I buy a stock, I always assume that the exchange will close tomorrow and reopen five years later.

67. The starting point of your life is not so important, but where you finally arrived.

68. Because I regard myself as the operator of the enterprise, I have become a better investor; And because I regard myself as an investor, I have become a better business operator.

69. If you find a situation that you know very well and you know all kinds of relationships, then you can take action, whether it is normal or abnormal, and whether others agree or react.

70. It is a waste of time to form your own macro view or listen to other people's macro or market forecasts. In fact, this is dangerous, because it may blur your vision and make you lose sight of the really important facts.

7 1, I am a realist, I like what I am doing now, and I always believe it. As a thorough practical realist, I am only interested in reality and never have any illusions, especially about myself.

72. If people are troubled by their right to choose, it is not because they have too many choices, but because they lack clear judgment and sufficient willpower.

73. We welcome the decline in the market because it enables us to buy more stocks at new and frightening low prices.

74. Only at low tide do you know who has been swimming naked!

75. When buying stocks, you should assume that the stock market will be closed for 3-5 years from tomorrow.

76. If you come across a good business idea in your life, you are lucky. Basically, Coca-Cola is the best big enterprise in the world. It is sold at an extremely moderate price. It is generally welcomed-consumption in almost every country is increasing every year. There is no other product like it.

77. Wall Street makes money by constantly trading, and you make money by not buying or selling. Everyone in this room trades your stock with each other every day. In the end, everyone went bankrupt and all the money went into the pockets of the brokerage company. On the contrary, if you don't move for 50 years like a general enterprise and finally make a lot of money, your brokerage company will go bankrupt.

78. I didn't try to cross the seven-foot fence: I looked everywhere for a one-foot fence.

79. Everyone should be proud of his life, because building a life is an opportunity that everyone enjoys, and this opportunity has far-reaching and sacred significance. Life is what we create. No one can do anything for us and no one has the right to tell us what to do. We set our own goals, and we define our own success. We can't choose the starting point of life, but we can choose what kind of person we become.