Need the person in the stock market for a long time, neither one is to rely on to fry rubbish those who get rich. Only those outstanding company ability bring long-term redound for investor. If you are mere attention is short-term go up drop, then you also do not earn money forever. Pay attention to long-term " investor " than paying attention to short-term " adventurer " having huge concept acknowledge advantage, its invest a result also is great difference!
A history rise a before 20 company, doing not have is rubbish company:
The rubbish that some person hype soare can hold fluky mentality, it is OK to think to want to be exited in time before drop only earn a fast money, but the person that he knows to he can be to receive this last baton far from. After everybody thinks to be bought in oneself, there can be from the back more greedy more foolish person will spend higher price to buy this rubbish, everybody thinks so, actually everybody becomes that more foolish person likely in them!
This is just like is " drum passes thunder " game, when drum remembers, this thunder is in gambler people transmit in the hand pass, when drum inactive moment this thunder can explode, everybody thinks this thunder won't explode in him hand. People is listening drum follows rhythm to be intoxicated among them, look at share price one and again rise, look at when the river rises the boat goes up too of oneself account market prise, think game can undertake going down forever even occasionally, upstart dream ases if to be able to come true very quickly. Of course, they are returned from time to time mock those to not be willing to attend this rich foolish of game " rational goofy " . But the key is: This 1 game are impossible that forever abidance goes down, this 2 thunder can explode certainly, 3 the most important is nobody knows when drum can stop.
Have a story, say a young soldier and others bet, say oneself dare hold high firebrand passes through ammunition depot, as a result he was accomplished really, because this is betted,won the money award of 1000 dollars. Next somebody is not believed, as a result he bets again, lifting firebrand to pass through safely again ammunition depot, because this acquired 1000 dollars again. He right now thinks oneself namely gallant clever and clinking, also think oneself found the shortcut that get rich becomes rich, if successive 10 times safety passes through, so he can get 10 thousand U.S. dollor, if 20 30 40, cruel rich can be expected soon! But actually he is only lucky goofy just! Although he N second hold high firebrand passes through safely ammunition depot, he still is one goofy! The truth is clearly! Buffett strategics point from case thunder two words with be acquired the most important over there Mu, 1 be: The first do not want deficit, the 2nd remember the first forever. 2 be: Safe limit. Avoid permanent loss as far as possible only, the achieves compound interest to bring result with long-term and abiding ability. How to avoid permanent significant loss, every investment should stay have enough safe limit. The stock invests, safety is the first! Not be than who short-term the fast earn that earn is much, what earn than who for a long time however is firm, those who earn is long.
There is a paragraph of word in the letter that sent shareholder 2000 in Buffett: "Profiteer easily to let a person more easily lose reason, easier on wings, think oneself are Cinderella. They continue to stay in ball, continue to be opposite firm seize a chance to seek private gain, and company estimate value expects profit at future relatively already too tall (rubbish company not only appraise cost is high, and do not have what profit at all) , the carriage of Cinderella will become pumpkin and mice finally. The adventurer of giddy dazzled wants to be before midnight a few seconds evacuate, but the problem is: The bell of the stock market does not have hour hand. The bell of the stock market does not have hour hand..
Those hype rubbish person comparing acclaims excellent high price more dangerous! The stock of good company although overmeasure, as the elapse of time, the overmeasure that its outstanding achievement grows to also can make up for appraise to be worth gradually (I am not to say to encourage buy excellent high price, it is relative to character hype rubbish only more high grade than acclaiming overmeasure more dangerous! ) . But rubbish do not have so lucky, costly rubbish once drop, probable this all one's life goes up won't go! Time, it is the friend of preeminent company, the enemy of commonplace enterprise, rubbish Ke Xing.
Follow suit hype not just consist in rubbish, individually board piece the heat that all sorts of stocks can become short-term hype. It is for instance by 2014 at the beginning of 2015 do poineering work board, soare, do poineering work at that time board integral appraise value exceeds 80 times city to be filled with rate, investor play says " city dream is led " . In be far from at that time small achieved old shareholder is looked like is " what won't catch heat is goofy " , but final fact proves " ginger is old still hot " , in those hype small achieved new leek was reaped, do poineering work board how go up how to drop go back. And those firm hold grail are blue chip old shareholder asset breaks up times. Do poineering work board in have high grade company really, but the rubbish that also has a lot of fish in troubled waters. Even if high grade company stock, also should buy in cheap price, ability wins good get one's own back, more what is more,the rather that rubbish. No matter short-term having how inviting get one's own back it seems that, its are destined as a result! Nobody can rely on to fry rubbish make money continuously, those are being held in the arms " bet to go " the person of state of mind was destined to want to cover go up in high hillock, because everybody is to adopting this kind of mentality, what everybody thinks he won't be to receive last baton is goofy. What Buffett says no less than: "If you do not know in card bureau who is goofy, so you are that finally goofy! So you are that finally goofy!!
In stock investment, do not hold gamble psychology and fluky mentality forever. In the market from time to time can acclaim some board piece or some concept, but it is one ground chicken feather afterwards every time! Who can stand last hillock? Won't be those stand fast for certain the principle, rational investor that is far from costly rubbish! The hope also won't be you! Although the history won't repeat, but striking however resemblance! Do not know the investor that draws a lesson from inside the history, final metropolis pays high price!
Greedy with fear it is the enemy with the biggest investor, what you should do is to use it, turn over its path to go, is not be affected by its. Will be immersed in otherwise " permanent deficit " lair, is not just " loss of Zhang face wave motion " . alleged: A year 3 times easy, 5 years one times difficult. Short-term look, every year outstanding achievement soares " god " , but time spins in light of, the person that makes money truly seldom counts rational investor only however. Short-term it is not certain to went up you are correct, short-term dropping to also do not represent you is a mistake. Short-term whats do not prove, the ability that makes money for a long time is clever investor! Want to make money for a long time in the stock market, must touch so that live alluring, control lives greedy, defend so that live patient!
(be over)
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