In this market, there are always a lot of people who read chicken soup to you, constantly comforting your uneasy mind in the fall with quotes from various masters. You will think of them as mentors, as a beacon in the midst of precariousness, but perhaps the ones that hurt you the most are the classics that seem great and worth reading over and over again.
The classic itself is of course great, but are you someone worthy of it?
There is one thing you must be clear about, those who recite the scriptures to you repeatedly are not in charge of their own money. Those big Vs you are familiar with are all in charge of other people’s money. This is a fact that you have always been aware of but have been ignoring.
Part of their professional skill is keeping investors from taking their money. They tell you to be long-term, to go through bulls and bears, to be greedy when you are afraid, and to never panic when you hold a good company.
The question is are you taking a good business? How much do you really understand about the companies you hold positions in?
A cruel fact is that most people are not suitable for investment. Don’t think that you can avoid this by buying a fund. In essence, funds and stocks are of the same nature, and you have to take an extra layer of moral hazard.
Someone will show you their performance over the past 5 years, the past 10 years, but do you know how bad their bad products are, how many funds they have liquidated in the past 10 years?
Many people have been struggling in the stock market for 5 or 10 years, and the final result is that they understand that they are not suitable for investment at all. This is also the harvest, and it will be the inevitable result of most investors.
The stock market is a battlefield. How many people have fought in ancient times?
To survive in this place of nine deaths, you need to study and reflect day after day, year after year. After you have learned those basic skills, you must also understand which management is a liar and which great ideas are for you. is fatal.
Before recognizing the world, you first need to recognize yourself, and in this regard, no one has ready-made experience for you to apply.
The failure of many people is not that they misread the market or stocks, but that they overestimate their weaknesses and underestimate their pressures. Narrow your circle of competence to a range where your weaknesses are enough to defend, place your investments where your own pressures are enough to support, don’t follow anyone’s instructions, and act strictly according to your own perception.
During this period, you will face all kinds of temptations, more than the 81 difficulties that Tang Seng went through. Maybe you will earn a lot less money, but if you don’t move your heart, at least you can survive.
When you have actually survived in this market for more than ten years, especially in the front line of the market for more than ten years, you will understand what bulls and bears are, what is long-termism, and what is faith.
During this period, you will see batches of stock gods who lived wonderfully and died miserably, and batches of bull stocks that soared tenfold, then plummeted for several years and finally delisted, and you will see countless people showing off their vision and how to make money Posts, you will also see countless blood and tears articles that constantly reflect and repent.
Then, in the middle of the night, you find that there is a constant deep in your heart, which makes you warm, makes you happy, and makes you feel not much but enough security. This is your best investment.
At this point, it does not mean that you have achieved great success. This is just the beginning. In many cases, maintaining a business is more difficult than starting a business.
That unchanging thing may still require you to take care of it for ten or twenty years, or even a lifetime.
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