01
Pen father's younger brother spent some of time to review Ren Junjie on the weekend " cross dense fog " , this book is main had comprehensive, system with management thought to Buffett's investment comb and unscramble.
"Not tire of of books written in ancient times is read 100 times, perusal is thoughtful child know oneself " , good book is worth reading for many times, the metropolis after be being read every time has new results.
Seeing book side, pen father's younger brother has shared a few book list to you before, hope you can learn some of professional knowledge more in the time of leisure.
Buying a book is best investment, the book is a flight of stairs that the mankind progresses, the investment idea of the Great Master of the record in the book, the corporeal money that keeps than them far actually is more valuable.
And the value here, pen father's younger brother thinks important is the investment recipe that succeeds through they are being shared in the book, can inspire a reader to be above the road of investment take roundabout way less.
Take roundabout way less on investment, often can make you little pay a lot of tuition.
The tuition that taking true gold silver with its was in fortunately on the market, buy some of good book study as the penny that spend a dot.
Besides is in the times of this ten thousand changes in the twinkling of an eye, we must want to maintain lifelong study, ability won't be abandoned by the times.
Want to make good investment more should such, investment is the one part that economy lives, in the life that also is us complex changeful one annulus.
Those clever investor always are can in the composing from compose of place of investment Great Master, derive invests wisdom preciously.
The classical thought of Great Master of a few investment, and new ideal idea, can let us from which derive experience, find shortcut, become investment field to win the home mediumly.
So study investment should read a book more, today pen father's younger brother will " cross dense fog " a few keys in this book, and the experience of invests classical ana and me partly a few results of the Buffett that I master, comb simply to everybody.
02
1, the market is short-term it is a voting machine, but long-term it is serious chance of one platform scale.
The short-term performance of the market is the result of quote, seem to be below the bade of a flock of people, arose " go up " , " drop " result.
For the person that trades to short line, how many not be research stock value mainly, the mood that studies people however can bring about what kind of voting result, use this to gain profit.
However case is in stock price to go up for a long time look, still be the principle of value of meeting comply with, intrinsic value is the weight of the stock.
Share price is OK and exorbitant had mixed low, but won't be far from its value too far, it has how many value, have how many weight, with respect to incline to the market value at how many having.
We should do a real investor, want recognize short-term the meaning with long-term market idea, the intrinsic value that analyses a stock just is a key.
3, be in only refluent hind, just know who is naked swim.
What the exterior meaning of this word says is swim in sea mile, see not clear person, wait only after seawater is refluent, ability sees who is swimming.
Effective means says the market factor when short-term blame reason (too hopeful or too pessimistic) after retire, you just can see what company has real investment value, what company is the hype subject matter of the market only.
Also can see well who is investor, who is adventurer.
4, the morrow that I never plan to buying a share makes money, when I buy a share, always can assume bourse will close tomorrow first, ability is opened afresh again after 5 years, restore to trade.
Respecting is long-term hold, medicinal powder door people the comparison that does on one hand in this normally is poor, most person likes to play " one-night standing " .
Do not cross a few orgnaizations of home market, especially VC, PE, hold a time to be able to grow a point, and still do not have bourse.
Actually truly terrible is not still can have below the circumstance that closes in bourse hold for long courage, below the circumstance that opens the door in bourse however, appeared to last for a long time drop, and do not have any rising at all, still can hopeful hold, that ability is the true harden oneself to human nature.
Accordingly we want to make big money inside the stock market, absolutely cannot eager for quick success and instant benefit, cannot see dish of price difference that makes short line pass mark fluctuate every day, should put however long term angle big fish, buy good company share extended hold.
5, investment resembles is dozen of baseball: Want to make the data on billiard-marker card ceaseless retroflexion, your need is preoccupied at the match, is not billiard-marker card.
The much in the market comes loose door decision-making, do not decide according to external state of affairs, decide according to the account in him hand however.
Namely so called " the buttock decides a head, the position decides action " .
Had become poor when main area for instance, but still continue to hold, lay down possum.
And after true bottom arrived, cannot be borne again and cut the flesh to leave.
6, choose a level " 4 feet " :
(1) the business that we know; (2) have good management prospect; (3) You Decai holds provided personage government concurrently; (4) very attractive price.
Buffett's value invests, a word is generalized even if be based on the investment of company value.
Go picking a company according to these 4 standards, accord with the requirement that value invests.
The understanding with value simple investment is used namely far the share that buys this company under the intrinsic value of the company, buy 1 yuan thing 50 minutes for instance, had the value of investment.
7, those who invest mark is simpler understand easily, the amount is less, successful essential factor is singler, survive more abiding, criterion the risk can accuse more.
The person's energy is finite, those who invest mark is more, jump over can dispersive energy and time, the risk is jumped over actually big.
Of the mark of investment understand easily simplier, the amount is less, to the development of the research of mark, can go up in the stock some more floriferous time, can avoid to buy rubbish so, reduce the risk of investment, avoid the permanent loss of the capital after dropping, find the preeminent company that can bring huge profit more easily.
If of the mark of investment a lot of, have thorough research without enough time, find preeminent company very hard, also do not enjoy fine business so above quota accrual.
8, the company that should seek future 10 years or affirmatory competition ability can have inside 20 years, because the industrial environment of rapid change cannot offer determinism.
In the investment of 2 class market, it is originally a probability and surpass the play of rate, so determinism is to rise get the better of assure the most effectively of rate.
In the operation, of the mark to determinism, we should dare to weigh a storehouse, dare long term when had been faced basically hold.
9, the stock that hopes you do not think you are had is one paper value merely the proof that changing everyday, and once some is planted,economic incident or political incident make you nervous uneasiness meets those who make your usu. in anticipation of or in order to bring about a fall in price to await choose a target.
Contrary, I hope you envisage yourself those who become a company is possessory one of, to this enterprise you are willing to invest till the cows come home, the other member partnership in resembling you and family has a some farms or a boarding house.
With business operator, possessory mood will invest, halve the extra dividend that grows to the company then, this is investor of a value this some state of mind, also be profiteering recipe.
10, in major while, of 85% active model fund handler beats standard general Er hard 500 indexes.
To individual investor, a lot of people they exhaust everyday Lv of exhaust of essence of life considers the market, still use profound mathematical model even, the result is paid no attention to mostly however want, not be exponential adversary.
Rather such, be inferior to passing fund of index of fixed invest in, in that way investor can obtain layman the outstanding achievement that exceeds most major to invest a Great Master.
If you are right oneself investment is very disappointed, cannot conquer market, those who cannot overcome human nature is greedy with fear, can consider to buy exponential fund.
11, if you unlike market gentleman more the value of the stock in knowing your hand, you are unfavorable play this kind of game with him.
The value of an enterprise, in the final analysis is decided by its outstanding achievement, by its main area decides perhaps say.
Know the value of the enterprise, you just can know what kind of price should be bought, what kind of price should is far from.
12, the company that abandons because of the change of anxious and short-term economic situation or the short-term wave motion that are the stock market buying to having perspective of affirmatory and long-term economy, it is a stupid thing.
Where is the thing that the thing that why should allow an inaccuracy to decide goes denying one decides?
13, to most investor, important is not how much he knows after all, however they understand what they don't know after all.
What this word says is the scope magnitude that the most important is not ability circle, however the attrib border place that how can you fix to ability is encircled.
The stock invests eye to come round to say is the action with very large sex of a kind of risk, no matter you master how many information, the machine rate that the news that your place does not know causes you to fail is very big, important is the key that the part that makes he do not know or domain do not become or so your success or failure.
Investor does not need to do too much right thing -- want him to be able to avoid to make major mistake as far as possible only.
14, a truly prominent firm must want to one but abiding " moat " will protect its invest capital to win very good get one's own back.
Some enterprises have topping moat, within still has feral crocodile, pirate and shark to be being guarded, this ability is the enterprise that you should invest.
Capitalist impulsion can let those earn redound of high specified number " beautiful castle " get competitor people besiege ceaselessly.
So together hard the protective screen of exceed, become the offer person of low cost commodity for instance, or own the brand with famous whole world, had these moat, can prevent other competitor to come in, it is the enterprise obtains the premise that succeeds continuously.
15, begin to put money and as soon as possible invests, this is the good convention that is worth nurturance most.
Yield depends on capital, time and compound interest, begin to put money to be able to let you put more capital as early as possible;
The time of investment is longer, control knowledge is more, below the action of compound interest effect, money freedom is the problem of time length only.
16, wanting to be engaged in wave band operating in the stock market is the thing that the god does, not be the thing that the person does.
In the stock market essence of life holds high point or low definitely, it is impossible job almost, the implementation that can succeed every time " cast high low suck " complete not actual.
Of praise highly of Ba Fei spy is not to trade often, apt is bought and support some strategy however.
Value is the rose of time, have the company of intrinsic value truly, need time will reflect its value stage by stage, trade often to be able to cause higher cost and cost only.
17, can accumulate how many wealth all one's life, do not depend on you can earn how many money, and depend on how do you invest conduct financial transactions, money looks for a person to surpass person give change, want to know money to work for you, is not you work for money.
Taking the advantage of you young still, taking the advantage of you to still want to let money work for oneself, might as well begin from now, for oneself custom-built a conduct financial transactions plans.
Without the job of absolute safety, also did not keep the money of the value forever, idea of conduct financial transactions must have.
18, the value that the stock calculates expert only, let fortune-telling gentleman look pretty good still namely.
Now " Bai Fumei " Jian, the prices of message of expert guidance, short line, a dark horse, cent after making money first is become wait for a stock to serve information to be full of in each big gregarious platform, and these basically are fraud.
The world does not have free lunch, the god is rare, few and far between, should encounter stranger to say to want to give you freely the ox when making money, was about to take care.
19, in recent years, my investment has been transferred mainly. We do not want to buy the worst furniture with the cheapest price, what we want is to press reasonable price to buy best furniture. ?
Company of reasonable price try to win sb's favor, more commonplace than be being bought with charming price company is more valuable.
If the share price of good company appeared to underestimate, be about to capture opportunity skill.
20, 1919, coke Cola company appears on the market, 40 dollars control the price. After a year, share price fell 50 ％ , have 19 dollars only. It is bottled problem next, candy stuff rises in price etc.
After a few years, produced contest of great depression, Second World War, nuke to wait a moment again, always have such or adverse in that way event.
But if you are in,bought with 40 money at the beginning, next you continue distributed extra dividend invest in it, so now, at the outset the stock of company of 40 dollars Coke Cola, had become 5 million.
This fact is crushing everything, if you look,was opposite trade pattern, you can earn a lot of money.
See you decide force even of course enough, can extended hold.
03
Above wants a place 20 times, buffett invests and just manage the one part of the thought, if you learned these, will be benefited boundless.
As a result of the limitation of length, pen father's younger brother tells these first today, invest and manage an ideology what look for an opportunity to continue to introduce Buffett deep again later.
Knowledge is infinite, some more floriferous in investment time, learn professional knowledge more, very useful really.
Hope you can take study seriously, lifelong study, cheer!
