Mr.CurrencyCircle
#PALU PALU Smart Classroom:
The Secret of Investment: Three Keys to Combat Human Nature
The essence of investment is the dual cultivation of cognition and mentality. All wealth codes are hidden in three anti-human logics:
First, use common sense to counter instincts. The market is a voting machine in the short term and a weighing machine in the long term. Chasing rises and selling on dips is an animal instinct; calculating a company's cash flow over ten years is common sense. Buffett's 26% annualized return over 60 years is fundamentally about sticking to making decisions using elementary arit
View OriginalThe Secret of Investment: Three Keys to Combat Human Nature
The essence of investment is the dual cultivation of cognition and mentality. All wealth codes are hidden in three anti-human logics:
First, use common sense to counter instincts. The market is a voting machine in the short term and a weighing machine in the long term. Chasing rises and selling on dips is an animal instinct; calculating a company's cash flow over ten years is common sense. Buffett's 26% annualized return over 60 years is fundamentally about sticking to making decisions using elementary arit