Avenue to simplicity

Reinhold 2022-04-23 07:05:13

super expert

simple life

Simple in nature

Focus, focus, within one's ability

compound interest growth

There is a man who has a good father, who has influenced him, a natural gift.

Success in life does not have to be busy, it can be simple

decades of persistence

I understand business very well. When there are only a few dozen stocks, I read all the annual reports.

Investment in insurance, low cost

Very different from Wall Street

living in a small town

Simple life, the richest man in America.

snowball

Life is to find a long enough slope, a piece of wet snow, and keep persevering. Roll bigger. Including the understanding of life and accumulated friends.

moat.

Competitive advantages. Brand advantage, cost, management, channel, consumer goods

Invest

Buying shares in a company is investing in a company. Buy their management team, management system, brand, goodwill, products, customers, dealer network, staff, team, publicity. Market opportunity, innovation.

I bought a company hoping not to sell it.

How much Tencent can miss

The most successful investment in the world

The South African media company's investment in Tencent, 20 million US dollars, has become 200 billion US dollars.

don't have to do a lot

Don't buy and sell frequently.

Keep it simple, buy at reasonable prices and hold for the long term.

SoftBank's investment in Alibaba

Apple's investment. Then later Apple concept stocks. This year's Hong Kong stock market has created a miracle.

Focus on one industry. Become a master of the industry.

Fosun International. disciple. have they learned

The learning is very similar, but the logic is different.

Fosun International, originally made steel, diversified and made investments. The valuation has always been low, and the valuation of diversified companies is not good.

Then it turned to investing. Learn Buffett.

Buy an insurance company. Property insurance, life insurance. Reinsurance. overseas insurance.

Invest with zero-cost funds.

healthy and happy. Steel, real estate, hotels, Cainiao, Minsheng Bank, Focus, German private banks, fund companies, Club Med, Cirque du Soleil, Indian Pharmaceuticals, United Family, hospitals,

Once the stock price reached 20, Ma Yun and Ma Huateng became shares.

Because of a piece of information, all the way down

All the way back up.

expect. . . .

Duan Yongping

Chairman of Backgammon. From business to investment. Both were successful.

Duan Feit. Had two dinners with Buffett, once by myself and once by a friend.

Personality is similar. Graduated from Zhejiang University. The spirit of seeking truth. This is the king. Dare to be the queen of the world.

Backgammon, OPPO, vivo, OnePlus and more.

Invest in NetEase

Donation to Zhejiang University, the National People's Congress hundreds of millions

Learning benchmarks

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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.