Becoming a Wal Buffett - Video Excerpt

Aliza 2022-04-22 07:01:54

>> If you want to dream, dream boldly. >> If you give love, you will receive more love. If you hold on tight, you will lose it. >> The world is a good movie, but you can't sleepwalk, the important thing is to get a job, a job you want to do when you don't need it. Life is still colorful, you get out of bed in the morning because you look forward to this day, for more than 60 years, I tap dance to work, it is because I do what I like, I feel very lucky >> me Don't know what happens after death, I'm agnostic, it could be very interesting or not, we'll see. But physically, I'm worthless, it's really useless, but it doesn't stop me from working, it doesn't stop me from being happy, it doesn't stop me from thinking, and I don't feel any reduction in my enjoyment and love of life. ————————————————————— Several investment strategies

1. Never lose moneyFrom : Ben Graham *Two Rules of Investing Rule number 1: Never lose money. Rule number 2: Never forget Rule number 1. *Focus on scrutiny (company financial statements) >> The company's financial statements can reflect in detail All potential risks of the company and complete important data (the first time I saw this point of view is in Zhihu - classmate Shen under the sun - a beginner's guide to the stock market) *If you bought value, it would eventually prove out. >>Find undervalued stocks

2. Waiting *I was particularly good at compounding money, and therefore society would benefit by waiting. *Buffett recommends long-term fixed investment in index funds. By investing in index funds regularly, amateur investors can often beat most professional investors. (The first time I saw it was in the "Index Fund Investment Guide" of the bank screw)

3. Invest in what you like & are good at, focus on your Circle of competence I do know what I call my cirle of competence, so I stay within that cirle, and I don't worry about things that are outside that cirle. Defining what your game is, where you're going to have an edge is enormously important.

4. Focus on yourself, get rid of distracting factors, and be free from everyone's opinions & the wind direction The trick in investing is just to sit there and watch pitch after to go by ,and wait for the one right in your sweet spot. And the people that are yelling, "Swing, you bum"? Ignore them.

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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.