The first principle of investing is never lose money, and the second principle is to remember the first principle.

2. The secret of value investing is: independent thinking and inner peace.

3. Think independently: Rebellion is as stupid as following the crowd. We need to think, not vote. Unfortunately, Bertrand Russell's observation about ordinary life has magically come true in the financial world: "Most people would rather die than think. Many people do."

< p>4. "Being an excellent investor does not require a high IQ", but only the "ability to not easily follow the herd".

5. How much wealth you can accumulate in your life does not depend on how much money you can make, but on how you invest and manage money. It is better to find people for money than for people to find money. You must understand that money works for you, not you. Work for money.

6. The so-called success is: based on some simple investment concepts and passionate work every day.

7. Only those who are passionate about work but not greedy, and who are fascinated by the investment process are suitable for this job. Being greedy will destroy you. Of course, people who are indifferent to money or indifferent to wealth are not suitable for playing this kind of 'game', because if they don't like it, they have no passion.

8. Investment is a rational work. If you cannot understand this, it is best not to get involved.

9. I am very rational. Many people have higher IQs than me, and many people work longer and harder than me, but I do things more rationally. You must be able to control yourself and not let your emotions control your rationality.

10. Life is like a snowball. The important thing is to find enough wet snow and a long enough hillside. If you're in the right snow, the snowball will naturally roll, which I did. By snowballing, I don’t just mean making money. It refers to your understanding of the world and your accumulation of friends.

11. As long as you are not too eager for success, reasonable investment can make you very rich;

12. Easy access to funds can easily lead to hasty decisions.

13. If you cannot control yourself, you will be in trouble sooner or later;