In the new year, we are going to write down the investment sentiments we have formed before, what we want to write and what we want to write. Finally, we will sum up them again, which is the summary of this stage.
Investment is definitely not a one-hammer deal, not a profit can run. I want to make a profit, but I want to make a duplicate after losing. Since we can't walk away, we should do a good job in a long life of war.
In addition to investment, there are still many things to do for a lifetime, such as travel. In order to ensure that there are no major accidents in this lifetime, it is better to strictly abide by traffic rules, rather than complain about poor traffic conditions outside.
It's easy to obey traffic rules at the moment, but it's difficult to obey them all the time. What's the difficulty?
It is difficult to balance short-term interests.
For example, if a shopping mall sends a big red envelope, first come first served, you may violate traffic rules and grab time in order to get a bigger red envelope.
That's the temptation to break the rules when the short-term benefits are big enough.
There is also a group of people who have formed the habit of breaking the rules and taking advantage, such as queuing and stopping, such as cutting corners.
Many people think that this is a small problem, and they are smart enough not to go wrong.
But we can calculate that if we travel twice a day, it will be 700 times a year and 7000 times a decade.
Assuming that there is one violation of traffic rules every seven trips, the accident probability will increase by one thousandth for every wrong violation of traffic rules.
Then, in probability, there will be a traffic accident every 10 years. Do you feel that it's okay now, and luck is good?
In terms of investment, we are facing the same problem, and it is more serious than the traffic problem.
Some people trade many times a year, and from the point of view of throwing darts, there's a 50% chance that something goes wrong at a time. Even if the investment targets are strictly screened, slight carelessness will lead to accidents.
Of course, every investment accident, not necessarily as serious as traffic accidents, but if the number of times, then a serious accident is inevitable.
Therefore, investment is an endless marathon business. In order to stick to the end and not be eliminated, every investment must be prudent enough.
As long as there is no prudent habit, the long-term results are bound to be without exception.
So investment can not deceive themselves, can not say about the same line, need every step is solid enough to reassure themselves.
How can we make the investment solid enough? I think it is conservative investment, we must know where the bottom line of business is and what kind of basic state the worst will maintain. Only in this way can we know whether this investment will lose money.
Investment is based on the bottom line, not on the line. How well the line works really needs luck.
So I've always said that it's up to the investors themselves to decide whether to pay or not. As for making more and making less, that's God's decision.
Do your best to obey the destiny