Investment methods that ordinary people should learn
$Hang Seng TECH Index (800700.HK)$Find a company like Maotai, take it for decades, go sightseeing, drink and play ball, and make more money than most people.
This is the investment state that many investors dream of, and many big Vs in Snowball are spreading this investment idea. I think most people may not understand the difficulty and risk of this investment idea, but it is just a kind of self-hypnosis. comfort yourself with a long-term prospect that cannot be proved for the time being.
Suppose there are two investors whose investment returns are good, but their investment methods are not quite the same.
A highly concentrated, ultra-long-term holding, in one or two companies made N times, for example, some big V over the years the only success is Maotai, Gree, Vanke and other companies.
B relatively scattered, medium-and long-term holding, every few years, the position of the company changed more than half, a single company does not earn much, but accumulated a small victory, but also achieved considerable profits in the long run.
If you choose, whose investment method do you choose to learn? Whose investment method is more likely to succeed?
I am inclined to learn B's investment method, because A's success may only be a survivor's deviation. I believe that at least some investors who have achieved great success in Maotai will not be able to find the next Maotai. The investment method summarized by An is likely to be similar to the lottery experience summed up by the winners of the two-color ball.
A's investment method can be replicated weakly. Softbank Corp. never found the next BABA after BABA, and the South African newspaper Group did not find the next Tencent after Tencent. This highly concentrated and deeply involved method of investment error correction is also very expensive, and by the time investors find out that they have made mistakes, they may have wasted a lot of time and money.
B's method has a larger sample size, less luck and higher replicability, so it is easier to form a system and continue to succeed, which is also the investment method adopted by most funds.
Investment is actually doing business, and every era has its own good business. Compared with physical operators, investors in the secondary market have more convenience to "change careers" at any time, and we should make use of this benefit.
As long as the understanding of business is basically passed, the analysis of enterprises is basically passed, the grasp of price and timing is basically passed, and some leading companies with growth at present and in the future are allocated separately, they will be able to enjoy the dividends of the development of the times. to achieve decent investment results is the investment concept that ordinary investors should learn.
I mean, investment expectations should not be too high, the vast majority of people can not become Buffett and Lynch. It is too difficult to find a hundred times as many shares as Maotai and Coca-Cola Company. Ten years ago, most of the 10 companies with heavy positions in public offering funds have changed, and most enterprises and entrepreneurs only belong to a specific era.
Find a great company and take it for decades. this method of investment is simple, but it is by no means easy.
Everyone has their own way of doing business, and there is no sure way to succeed except to follow the general qualities of "integrity, long-term, and focus".
The same is true of investment, don't overpursue the correctness of the theory, just be good. Investment is the intersection of understandable and bearable, understandable is the best choice within our cognition, and bearable is to prepare us for cognitive mistakes. Of course, investment or many things often take a long time to get an answer. Don't give up this 10-year life process in order to wait for an answer 10 years later.
This is the investment state that many investors dream of, and many big Vs in Snowball are spreading this investment idea. I think most people may not understand the difficulty and risk of this investment idea, but it is just a kind of self-hypnosis. comfort yourself with a long-term prospect that cannot be proved for the time being.
Suppose there are two investors whose investment returns are good, but their investment methods are not quite the same.
A highly concentrated, ultra-long-term holding, in one or two companies made N times, for example, some big V over the years the only success is Maotai, Gree, Vanke and other companies.
B relatively scattered, medium-and long-term holding, every few years, the position of the company changed more than half, a single company does not earn much, but accumulated a small victory, but also achieved considerable profits in the long run.
If you choose, whose investment method do you choose to learn? Whose investment method is more likely to succeed?
I am inclined to learn B's investment method, because A's success may only be a survivor's deviation. I believe that at least some investors who have achieved great success in Maotai will not be able to find the next Maotai. The investment method summarized by An is likely to be similar to the lottery experience summed up by the winners of the two-color ball.
A's investment method can be replicated weakly. Softbank Corp. never found the next BABA after BABA, and the South African newspaper Group did not find the next Tencent after Tencent. This highly concentrated and deeply involved method of investment error correction is also very expensive, and by the time investors find out that they have made mistakes, they may have wasted a lot of time and money.
B's method has a larger sample size, less luck and higher replicability, so it is easier to form a system and continue to succeed, which is also the investment method adopted by most funds.
Investment is actually doing business, and every era has its own good business. Compared with physical operators, investors in the secondary market have more convenience to "change careers" at any time, and we should make use of this benefit.
As long as the understanding of business is basically passed, the analysis of enterprises is basically passed, the grasp of price and timing is basically passed, and some leading companies with growth at present and in the future are allocated separately, they will be able to enjoy the dividends of the development of the times. to achieve decent investment results is the investment concept that ordinary investors should learn.
I mean, investment expectations should not be too high, the vast majority of people can not become Buffett and Lynch. It is too difficult to find a hundred times as many shares as Maotai and Coca-Cola Company. Ten years ago, most of the 10 companies with heavy positions in public offering funds have changed, and most enterprises and entrepreneurs only belong to a specific era.
Find a great company and take it for decades. this method of investment is simple, but it is by no means easy.
Everyone has their own way of doing business, and there is no sure way to succeed except to follow the general qualities of "integrity, long-term, and focus".
The same is true of investment, don't overpursue the correctness of the theory, just be good. Investment is the intersection of understandable and bearable, understandable is the best choice within our cognition, and bearable is to prepare us for cognitive mistakes. Of course, investment or many things often take a long time to get an answer. Don't give up this 10-year life process in order to wait for an answer 10 years later.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
