Outliers – 10000 hours, statistics can be deceiving
When does the stock market fall deep enough?Current market conditions, Bull market ends, One thing seems certain, all stock valuations have gone through the bull run of the past 13 years, and since the beginning of the third quarter of last year, starting with the growth stocks sector, they have all started to decline from their all-time highs. As of today, the Nasdaq has fallen by about 30% from its high point, and it has been in a bear market for a long time. The more representative S&P 500, which has fallen 19% from its peak, is already on the doorstep of a bear market, and it is very close to the bear market standard of a 20% decline. The Dow Jones Industrial Average, which represents large industrial and traditional companies, was down 15% at its peak.
Patience, an indispensable element of investment success
The Return On Equity (ROE) algorithm is “net profit after tax/shareholder equity × 100%”, which is one of the few financial figures that can be used to measure the operational performance of a company’s leadership team. It represents the efficiency of the company’s profit for shareholders, and it can also be said to measure the company’s overall capital utilization efficiency. Therefore, the higher the value, the better.
I must admit that when I was young, I had doubts about the view of “The most important qualifty for an investor is temperament, not intellect”. However, after many years of practical investment experience, I found that I have become more and more in the same view that the key to long-term success of investors … Continue reading “The most important qualifty for an investor is temperament, not intellect”
The commonalities of Buffett portfolio – cheap, fixed income, repurchase
Almanack of Naval Ravikant
The main investment principles of successful investors are similar. Buffett once lamented that “There seems to be some perverse human characteristic that likes to make easy things difficult.” I personally think that this is also the biggest investment defect committed by most investors (especially younger investors). I wrote at the beginning of 1-1 in my book
Simply Right is important than wrong Warren Buffett saying quoted in The Warren Buffett Way by Robert G. Hagstrom, Wiley, November 4, 1994. Buffett admits, for the simple reason that calculating future capital expenditures often requires rough estimates “I would rather be vaguely right than precisely wrong.” quoting the famous saying of the economist John Maynard … Continue reading “I would rather be vaguely right than precisely wrong”
Why Buffett deserves further study. Buffett is a must study. For those who have read my books “The Rules of Super Growth Stocks Investing” and blogs should find that investors who want to succeed should find a successful investment master whom they admire, and find out all the possible reasons for his success. After finding it, studied it carefully and thoroughly.