Most people make excuses for failure
Buffett’s 2003 shareholder letter lays out his common criteria for buying stocks
Richer, Wiser, Happier. You may have read a lot of reviews of this book “Richer, Wiser, Happier”, but I’m going to talk about this book in a different way and from a different perspective.
As long as a paid worker should agree that there are many undocumentted rules in the workplace, such as can’t think differently.
There are ways to invest successfully, but there can be no formulas. This post will repeatedly quote the words in my book “The Rules of Super Growth Stocks Investing”, and the words in the book referred to are my book.
What should a investment philosophy include? I found that investment books and media in Taiwan like to use the four words “investment method of mentality”. Mainland China, Hong Kong, or the United States are not like Taiwan.
Invest success depends on less chance of making mistakes, For the definition of risk, I think Buffett’s statement is the most appropriate: “the possibility of loss or injury.” (from: BRK Annual Meeting 1994) and “Risk comes from not knowing what you’re doing.”
Why concentrated investment?
Good companies are rare, two or three will make you very rich. Take Texas Instruments as an example