Investors must have these psychological qualities in order to have the last laugh in the investment arena where swords and swords are at stake.

1. Patience

As we all know, in Buffett’s price investment theory, a core point is that the company’s intrinsic value is the basis of investment and is the main source of investment benefits for investors. channel. From the birth of a company, to its growth, until it has the characteristics of an excellent company, it takes time to accumulate. "Time is the friend of an excellent company." This requires investors to have enough patience to accompany the company to grow together.

Patience is determined by the 80-20 rule, which determines the distribution of wealth in the stock market from eight to two. So how to determine who is eight and who is two? The handsome one is Er? Is it Er who is wealthy? No, the second is the kind of people who are interested in investment, have a deep understanding of the operating rules of the economic market, and are modest and patient in character.

Patience means that you understand the principle of compound interest in your heart. You are fully aware of the power of compound interest and are in awe of the difficulties involved. Therefore, you can refuse the temptation of quick profits and not be overwhelmed by the temporary "black cloud". City" and panic, and then reach the peak of glory in the joy of money begetting money.

2. Self-discipline

Many people make mistakes again and again in the investment process. The main reason is that they lack strict self-discipline and control, and are easily confused by market illusions, and ultimately end up in complete failure. Therefore, you should develop self-discipline before investing.

Some investors have a completely subjective mentality when trading. Although they use various tools as rulers for entry, direction, and stop loss, the positions marked by these tools never Being strictly enforced, usually a tick of a line or a little so-called guess allows their trading plan to change at will.

Mindset and self-discipline are one of the factors that determine investment results. On the basis of realizing that the final result is a probabilistic event, investors need not only a good mentality, but also unconditional execution like a warrior. Only people with a high degree of self-discipline can achieve a higher degree of execution.

3. Confidence

When is an investor most confident? That is when he wins money. If an investor wins money many times in a row, he will have great confidence; when you continue to make money in the short term, it definitely does not mean that you have strength, but that the market is in an upward cycle, so every time It is not difficult to make money personally.

When the investment market conditions are not very good, it is very difficult to maintain confidence, and investors are usually full of doubts about their decisions.

Therefore, no matter what the situation, you must establish your own investment confidence and carefully consider the rationale for your original analysis. Even if you suffer investment losses due to analysis errors, do not regret it and know where you are. If you make a mistake, avoid making it again next time. But if you are unwilling to take the first step to build your investment confidence, then the mistakes you make on the investment road will only happen again and again.

Tell yourself that the real master is yourself. You can refer to other people’s ideas, but everyone has different personalities, and their personality often determines their investment style. While learning other people’s techniques, you should combine it with your own style. Mode operation, the complete probability is that if you can overcome your own mentality, you will be the real master and the final winner.