Dr. James Simons, S. Donald Sussman Fellowship Award Fireside Chat Series Chat 2. March 6, 2019
Every time an opportunity comes, it must go through four stages:
Can't see, can't see, can't understand, too late.
Can't see, can't see, can't understand, too late.
Every time wealth is created, it must go through a process:
A seer, a forerunner; a follower who knows later; an unaware consumer!
Trading day: Collect some low-tech Tesla stocks every other day.
What applied mathematics does (over 90% of investors and traders around the world don't understand it, and they hate applied mathematics, let alone pure mathematics). Not every investment transaction won't be hedged and generate floating losses in the short term, but they guarantee that they can be unlocked in a short period of time, generating floating profits. If you have better luck, and if you have more experience, you may be able to make an immediate profit. This short period will vary depending on the market. Why the rush? Why can't we just relax? If you are impatient, you will be ruined.
Keep the following in mind:
In 2010, Tesla lost money for a long time, and its stock price remained low for a long time. More than 90% of market participants sold cheap Tesla shares with a sense of depression and extreme frustration (the current situation of Tesla and Elon Musk is far stronger than the situation at the time, I don't know how many times). At almost the same time, Stephen A. Schwarzman (Stephen A. Schwarzman), a Jewish-American superrich philanthropist worth over $10.8 billion, and one of the founders of BlackRock, is telling his family, from adults and children to their young grandchildren, that every week they save a little money every month from other places, even if they can only buy one Tesla stock, and store it there like a bank. On August 26, 2018, or about 8 years later, Tesla's stock price finally climbed from 1.13 to 371. This is almost a 33,000% increase.
Video playback link 🔗: - YouTube
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成熟投资者：格局，概率，取舍。没有格局必然急功近利。不计概率会把运气当技术。不懂取舍，有所不为，最后必落入陷阱和圈套。
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