2. The key to life is to locate yourself accurately.

3. Anyone involved in complex work needs colleagues.

4. Always check the income of provident fund and savings fund accounts.

5. Successful businessmen will not always study and redefine marketing.

6. My favorite time to hold stocks is: hold stocks forever!

7. The smartest way to invest is to think of yourself as the boss of the holding company.

8. Be kind to people around you, don't hurt each other, and observe each other's difficulties.

9. In Buffett's view, speculation is too tiring, and investment is much easier than speculation.

1. When temperament is combined with intellectual structure, you will get rational behavior.

11. Successful businessmen save a lot of money by opening online bank accounts.

12. Always pay attention to the progress of industry research and innovation, keep pace with the times and be an insider.

when people forget the basic common sense that two plus two equals four, it's time to leave.

14. Everyone will be deeply affected, and the hearts of Americans will never go back to the past.

15. We don't need to be smarter than others, but we must have more self-control than others.

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

17. Unfamiliar: The success of an investor is directly proportional to whether he really understands the degree of investment.

18. Therefore, it is best not to use bank loans or other creditors' money for short-term and medium-term investments.

19. We like buying enterprises, but we don't like selling. We hope to accompany enterprises for life.

2. What is even more surprising is that they still refuse to study when it is good for them.

21. I read the annual report of PetroChina in the spring of 22. I have never asked anyone's opinion.

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

23. Give them enough money to do what they like. But don't give them too much money to do nothing.

24. The next time you visit a shopping mall, you should pay attention to the population of the shopping mall and see how people are absorbed into a store with a wide facade.

25. When the rent increases, the number of employees increases, the price increases and other changes occur, it is necessary to know the balance point of the current market at any time.

26. I know PetroChina and CNOOC. I have always been interested in China stocks. When I meet a good price, I will buy them again.

27. They forget that American ice hockey star Wayne I always skate in the direction of the ice hockey, instead of waiting for the ice hockey to slip away before chasing it.

28. I promise you will find something valuable to help you avoid making the same mistakes in the future. But you must face your mistakes objectively.

29. Like God, the stock market will help those who help themselves, but unlike God, he will not forgive those who don't know what they are doing.

3. The next time you go to the mall, take a few minutes to count how many people turn left and how many people turn right. The statistical results will undoubtedly surprise you.

31. When successful people encounter problems in unfamiliar fields, they will ask others for help and enjoy the fact that many people are willing to explain to them.

32. ThoughtmoneyConnotChange your healthhorhowmanypeopleLoveyou, it's too late. Although money can't change your health or make

33. The only place where success comes before work is in the dictionary. Vader said: work hard and don't back down, because this is an important road to success.

34. Graham said that since stock forecast is related to each investor's preference, the choice of P/E ratio should be as practical as possible and within a reasonable range.

35. There is a habit when choosing to buy stocks, which seems reasonable on the surface, but I think it is stupid. This method is to sort out a large number of economic data, from which we can get

36. The gross profit margin of super products is 2% higher than that of peers. Buffett admires Fisher's investment philosophy. Fisher explained in his name how to choose growth stocks

37. Successful businessmen are familiar with tax laws. Through this advantage, they know how to legally avoid taxes and reduce expenses. They can also respond in a more professional way after the CFO takes action.

38. You should manage your reputation for a long time, be honest, be honest, keep your courage, and don't be tempted by the shortcut to making money that violates the law or morality, because as long as you succeed on the evil road, you are doomed to suffer in the future.

39. I was very shy when I was young. The way I overcome it is to force myself to speak in public. Maintaining good communication with people is a very important skill. It is best to help other people who are not good at speaking in public, and it is best to change when they are young.

4. New customers will also buy products or services for you for many years and bring other new customers. You can imagine how high the annual turnover is. Therefore, you should try your best to retain your customers to ensure that they can continue to enjoy high-quality services.

41. Many stocks are between franchise and non-franchise, that is, there is a little franchise, but it is not necessarily obvious. In this case, investors need to identify it from their own perspective and carefully measure its impact on internal value.

42. Although Buffett gave up the cigarette butt investment, he insisted on the core concept of cigar butt investment, that is, the margin of safety-the security guarantee that the value far exceeds the price. Buffett's own re-innovation really promoted Graham's investment philosophy.

43. investors should consider the long-term development of yipinjuzicom, not the short-term prospects of the stock market. The price will ultimately depend on future returns. In the investment process, just like baseball, if you want the scoreboard to keep rolling, you must keep your eyes on the stadium instead of the scoreboard.

44. Buffett's excellent practice shows that successful investment does not depend on formal education, mysterious skills or good luck, but belongs to those who reduce land and insist on practicing these simple and good investment habits. In Buffett's view, reading is a good investment habit.

45. The beautiful castle is surrounded by a deep and dangerous moat, where an honest and noble leader lives. It is better to have a god to protect this city. The moat is like a powerful deterrent, making the enemy afraid to attack. Leaders keep creating wealth, but they are not alone.

46. Never think that you are the cleverest. My father is also a trader. He once said to me: always remember that another person who deals with you is always smarter than you. Especially when you make a lot of money, remember this. In my trading room, the slogan has been posted on the wall for more than 2 years.

47. If you don't know anything, dare to ask questions and accept other people's explanations, there is nothing to be ashamed of. Although you seem ignorant at this time, you will gain wisdom. If you don't know the question, you may not be considered ignorant, but the result is that you will never know the answer.

48. For some reasons, it is easy for people to accept price hints instead of value hints. But price hints are not always effective, especially when you invest in a company you don't know, or just because you saw price hints working for someone last week. Therefore, the most convincing reason for stock investment in the world is the price increase.

49. You don't have to wait until the company hits rock bottom to buy stocks. The stock price of the selected enterprise is lower than what you think, and the enterprise should be run by honest and capable people. However, if you can buy shares of an enterprise at a price lower than its current value, you have confidence in its management, and at the same time you also buy a number of shares of similar enterprises, then you can make money.

5. Buffett believes that a company is considered to have a moat if its return on investment can continue to be higher than its investment cost. Before competitors erode the advantages of the company, the longer the return on investment is higher than the investment cost, the wider the moat of the company. Other indicators being the same, the wider the moat, the greater the investment value.

51. Peter Lynch, the most famous fund manager, once said: A good company should also buy in a good location. The premise of long-term investment is a good company with long-term undervaluation and competitive advantage; If the stock price fully reflects and overdraws the reasonable value, it is not worth long-term investment. At this point, investors should sell rather than continue to hold, let alone buy.

52. In Buffett's view, a good enterprise is more important than a good price, and it is the actual value of the company that ultimately determines the company's stock price. When evaluating potential M&A opportunities or buying company shares, Buffett always makes a systematic and overall evaluation of the problem from the perspective of entrepreneurs, checks the management and financial situation from both quality and quantity, and then evaluates the stock purchase price.

53. Everyone should be proud of his life, because creating life is an opportunity that everyone enjoys, and it has far-reaching and sacred significance. Life is created by us. No one can do anything instead of us, and no one has the right to tell us what we should 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.

54. Ben Graham, my friend and teacher, put forward a correct attitude towards market fluctuation a long time ago. I believe this attitude is most likely to bring about the success of investment. He said, you should think of the market price as the price reported by a very easy-going guy, called Mr. Market. He and you are partners of private enterprises. Mr. Market will have a price every day. At this price, he will either buy your stock or sell it to you.

55. A business partner can bring you great help and benefits. Everyone knows that three heads are better than one, but whether they can beat Zhuge Liang depends on who the other two heads are. An excellent partner needs to be consistent with your heart and supplement your career. Such a partner may be an important step for you to win and succeed. Another advantage of joint business is to share your working hours, and give you

56. In mid-1973, we bought all the shares in Washington Post at a price less than a quarter of the business value of the enterprise. In fact, it doesn't need extraordinary insight to calculate the ratio of stock price to value ... To a greater extent, our advantage lies in our attitude: we have learned from Ben Graham that the key to successful investment is to buy a good company's stock when its market price greatly reduces its internal commercial value.

57. The next concern is the financial situation, which depends on the CFO. In some cases, the CEO may not know all these problems, but the CFO must clarify all these problems, otherwise there will be problems. In addition, the company should have a good management reputation. We will look at the company's performance. This is also a problem if the company's stock is often sold off or volatile. Management, CEO and CFO are all very important. We must pay attention to these situations when investing, including business transactions.

58. cigar butt investment is the academic essence of Benjamin Graham, the father of value investment. In the graduate stage, Buffett is Graham's proud pupil. After graduation, Graham invited Buffett to work in his company. Buffett's search for stocks called cigarette butts by Graham has his theoretical and practical experience. The so-called cigarette butt stock is a stock with a very low share price that can be bought with very little money (that is, we often call it junk stock). When he decides on the stock, he will consult Graham and buy as much as possible.

59. I object to this practice, not because it is unreasonable in theory, but because human economic knowledge can solve the problem of forecasting business trends. Under the present circumstances, this method is not feasible. The possibility of correctness is not high enough to be guaranteed as the basis of deposit risk investment, but it will not happen all the time. From now on, it may not appear in five or ten years. At present, capable people are trying to establish very complex input-output analysis by using electronic computers. Perhaps at some point in the future, people may grasp the upcoming business trends with a fairly accurate degree.