In recent days, two of the hottest topics are: one is that the epidemic is gradually improving in China, but it has begun to break out overseas, with confirmed patients hitting record highs. According to statistics, the cumulative number of confirmed patients overseas has exceeded 13 million, and is still on an upward trend.

Second, in the capital market, the U.S. stock market has had a total of four circuit breakers in just ten days. You must know that the first circuit breaker in the history of the U.S. stock market occurred in 1997, and there has never been a circuit breaker since then until 2020. March. Domestic A-shares opened for the first time after the year (February 3) and experienced a rebound against the market after falling to the limit of 1,000 shares, quickly filling the gap. However, with the spread of the overseas epidemic, they once again fell to 3,000 points, 2,900 points, and 2,800 points in the past two days. It even fell below 2,700 points, and panic spread wantonly.

There is a classic joke on the Internet. The wisdom of our ancestors teaches us not to put all our eggs in one basket, but to diversify the risks. Got it! Some children's shoes said that I spread my eggs among A shares, Hong Kong stocks, and US stocks. I thought it was safe enough, but I never expected that the basket car overturned...

Cover Under the nest, there are completed eggs. It's settled now. The best way to comfort yourself is to compare the misfortune - you see, Mr. Ba's loss this time is even more serious~

There is indeed no problem in understanding it literally, but we should I know that my losses are actually more serious. Even if some people lose 1 million, it will not have any impact on their lives, just like a small splash thrown into a lake by a pebble, nothing more. For some people, a loss of 100,000 yuan can seriously reduce the quality of life, or even cause an "earthquake-level disaster" for the family.

Don’t measure the gains and losses of others by your own standards, act within your ability in everything.

If we can focus on ourselves and what we have, our mentality may be more rational and peaceful. Back to market risks, the reason why this "rollover accident" brought such a painful lesson is because our "basket" is all on this car.

And our life can be more than just this car~ (more on this below)

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PS: Let’s talk about investment Related

Buffett has a famous saying: When others are fearful, I become greedy; when others are greedy, I become panicky. In fact, panic and greed will always exist. If prices fall, they expect to fall even lower (this is greed), and at the same time, they are worried that there will only be lower and no lowest (this is fear).

At this moment, there is both danger and opportunity.

Warm reminder for novices: Remember not to blindly follow the trend, do not increase leverage, and stick to your own circle of competence

Good night everyone~

I love learning today Cheese | March 19, 2020