On the road of investment, walking on thin ice

Toy 2022-04-19 09:03:09

What impressed me the most in this film is that Buffett posted the news papers of several stock market crashes in history, or the Great Depression, on the corridor of his office as a wake-up call.

This detail is very worth learning, and we have been waiting for us to emulate it. Always remember history. Especially on the investment road, don't be too frivolous.

The experience and time during this period have made me understand that buying some consumer goods indiscriminately in the past was really a waste of money, but not a lot of money, but if you are on the road, you must study it carefully. Gold is easily lost. This loss is fatal. It is possible that a single mistake can lead to eternal hatred. There may be a collapse, and there may be a comeback.

Therefore, if there is investment, you should be more careful and cautious.

Before you want to invest, such as investing in stocks, investing in funds, and learning investment skills with one heart, it is better to first look at the stock market disasters that have occurred in history and look at them first, so that you can understand how thrilling the investment road is. There will be no such thing as buying a commodity on Taobao. It may take two or three days or even more than half a month. However, buying a stock and investing tens of thousands, hundreds of thousands and millions is an investment on the way.

There are other Ponzi-like investments that should be taken as a precaution.

Be patient and focus on simplicity.

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Extended Reading

Becoming Warren Buffett quotes

  • Howard Buffett: When he wrote the letter to us, he put something in that letter that was incredibly important to me, which was exactly how our foundation behaves, which is, if you're gonna try to bat a thousand, you won't do very many things that are important. But if you're willing to basically strike out a few times, you can really change something big.

  • Warren Buffett: In my entire lifetime, everything that I've spent will be quite a bit less than one percent of everything I've made. The other 99% plus will go to others, because it has no utility to me.