1. When these questions are intertwined, there is a very clear answer shining there, that is, "long-term"-investing time and faith in things that can produce long-term value, striving to learn the most efficient way of thinking and behavior standards, following the first principles, and always seeking truth.
2. No matter individuals, enterprises or society, as long as they see clearly and think thoroughly and create value for a long time, they can embark on the broad road.
3. As long as you keep rational curiosity, honesty and independence, insist on playing positive sum games and choose an investment method that makes you happy, you can understand the meaning of investment from a longer-term and more sustainable perspective.
There is only one criterion for real investment, that is, whether it is creating real value and whether this value is conducive to the overall prosperity of society.
Difficulties are a mirror, from which the best introspection often comes. Every time a crisis occurs, it provides us with a rare opportunity for stress testing and investment recovery. It is values that ultimately determine how you deal with and handle yourself.
6. A person's knowledge, ability and values are the "three fires" that are deeply hidden in his heart and truly belong to him.
7. Building my own knowledge system and thinking frame is the starting point for shaping my investment ability, which is related to my childhood experience.
8. At that time, I thought that what others could tell me might be in the book; But there are some things in the book that others may not know. The world I see in the book is much bigger than what I see around me.
9. "People decide the fate of themselves and others there, and I release my horse here. How come... I should run away, or I'll get deeper and deeper. "
10. Through massive interdisciplinary reading, master the most important wisdom of various disciplines and build your own thinking system. I deeply realize that to make the right decision, the knowledge needed for value investment is endless. In order to find insights in the rapidly changing market, it is necessary not only to master financial theory and commercial laws, but also to comprehensively review the tortuous evolution of history, understand the ins and outs of current events and understand people's inner demands.
1 1. Value investment is not mathematics, not reasoning, and cannot be an armchair strategist. We must understand the real production and life scenes like sociological field investigation, so as to truly grasp what products consumers need and what services are truly meaningful.
12. The most important thing in life is to find a group of really reliable people you like and do interesting things together.