The stupid stock market is the greater opportunity for orderly investors
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The stupid stock market is the greater opportunity for orderly investors
Buffett said: "whether you can achieve excellent investment results depends on your efforts and knowledge in investment, and also on how stupid the stock market is in your investment career. The more stupid the stock market is the greater opportunity for orderly investors. Following Graham's advice, you can profit from the stupid behavior of the stock market, rather than becoming a participant in the stupid behavior." Understand this sentence well! Good advice worth millions.
In addition, the result of value investment depends on ability rather than belief. So you can see that Buffett's above words are divided into two elements: first, you should be professional enough, and second, there should be frequent stupid behaviors in the market. This result is called making big money. If the market is stupid enough, but you are not professional and smart enough, then you are one of the components of the market stupidity. This result is called sure loss. What a clear logic. What is the problem for most people? I haven't read a few books, so I don't know what's going on with investment, and I don't want to make statistics and look at the facts myself. Then, led by some "stock market conscience", I shouted, "A-shares are casinos, and there is no investment value". Isn't it reasonable to lose money?
In the future, a share will not only have a great development but also the degree of development may exceed the optimistic expectations of the company, because, at this stage, the future world will strive for scientific and technological innovation, which must be backed by a strong capital market. It is also true from the perspective of wealth structure. The days when ordinary people become rich through real estate have passed, and the greatest opportunity for the future counterattack is in the financial market - but unfortunately, its nature determines that this is destined to be a place where a few people reap the vast majority of profits, so it will be much more difficult to advance their wealth in the next 10 years than in the past 10 years.
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