Buffett said:
Be greedy when others are fearful, and be fearful when others are greedy!
Our ancestors also said:
Drought makes boats, water makes cars!
People abandon me and take, people take me and give!
The true meaning of investment is simple and clear at a glance! Yet easier said than done.
Buy undervalued ones and say that you are a price bet,
Those who buy growth also say that they are value investments.
Those who buy losses and reversal of dilemmas also say that they are value investments.
…
It can be described as various, and in the end, it seems to be settled whether you make money or not. If you make money, it is a value investment. If you lose money, everything is nonsense;
Buffett uses practical actions to tell you his understanding:
Case 1: When no one cares about new energy, buy a large amount at 8 yuan, which is greed when others are fearful; then start to gradually ship at 280, which is when others are greedy and fearful!
Case 2: At that time, PetroChina bought a lot of money around 1 yuan, which was what people gave me to take; when it was sold out at around 15 yuan, this was what people took and I gave!
After reading the above two classic cases, is it not clear what mature investors should join and what should they stay away from?
$ BYD (SZ002594)$ $ Hangzhou Bank (SH600926)$ $ China Merchants Bank (SH600036)$
@Today’s topic @ deserted island 20 @ Lu Chonghe
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