In Omaha, Nebraska, Warren Buffett looked at the live interview on the TV with a serious expression.

When he heard Andy Smith say the sentence "He would rather publish that article a few months later", his calm heart couldn't help but ripples arise, his expression became more and more serious, and his brows became furrowed.

His fingers trembled slightly, picked up the phone on the desk and called out, "Old guy, are you watching Andy Smith's interview?"...

"...I just want to tell everyone not to let your spirit go bankrupt!"

At this time, in the Oval Office of the White House, Ao Guanhai was sitting on his desk, and the sofas on both sides were filled with his economic advisers. He looked at Andy Smith's serious expression on TV, and was slightly moved by the words that appeared at this time.

"If you declare spiritual bankruptcy, you will lose everything." is what the oil tycoon Rockefeller said to encourage his son who failed to invest, and a famous quote that is well known to all Americans as encouragement.

On this Sunday morning, March 8, the audiences who watched NBC's "Today Show" across the United States sat quietly in front of the TV, listening to the economic viewpoint of the youngest super richest man who created a 10 billion yuan worth in the shortest time this century.

“…I said that for stock investors, whenever they plummet, firm investment information and overcoming fear seem to be a pair of twins that will torture us forever.

However, indeed, this kind of thing is simple to say, "Well, next time the stock market falls, I will ignore the pessimistic news. I will take the opportunity to buy some oversold stocks on dips."

But it is not easy to do, because every crisis seems to be more serious than the last time, and it is becoming increasingly difficult to ignore pessimistic news.

Therefore, strengthening confidence is more important than anything else!

You may be the world's most powerful financial analysis expert or stock valuation expert, but if you don't have confidence, you will easily believe the pessimistic predictions of news reports, and you will be scared to throw them out in the stock market panic..."

Facing the boss who talked and controlled the rhythm of the interview, Matt Raul, as the ace host, was very helpless. Although he did not dare to rob the dominance, he could not keep letting the boss talk to himself continuously, and that would be really a scumbag.

"Mr. Smith, what is the confidence you are talking about? After all, in the current stock market, no confidence can resist the panic of decline." Andy was interrupted and was not unhappy. Instead, he admired Matt Raul's reaction and control of the timing. This was an exclusive interview after all, not his speech by Andy Smith.

"This confidence means always believing that the United States will continue to exist and develop, believing that people will continue to live normally, and as usual, when they get up in the morning, they will wear one leg and the other leg when they wear pants. The companies that produce pants will continue to make money for shareholders..."

When Andy said these words, his hands spread out with his crossed fingers, his brows raised slightly, and in a slightly joking tone, not only did Matt Raul, who heard the words, but the staff present also laughed slightly.

All the viewers in front of the TV were even more amused by Andy's humorous words and couldn't help but relax.

When Andy saw the effect reaching, he couldn't help but raise his voice slightly and continued to say. "...I believe that old companies will eventually lose their vitality and be eliminated, and vibrant companies such as Walmart, FedEx, and Apple will replace them.

I believe that the American people are a hard-working and creative nation!

I even believe that even those yuppies, despite having a well-paid professional job and a wealthy material lifestyle, will be severely criticized by everyone if they are lazy and do not work hard.

"I believe it!" Matt Raul was also bewitched by Andy's words, not to mention the American people in front of the TV. I don't know how many families were like Ao Guanhai in the Oval Office of the White House at this time, and couldn't help but applaud this inspiring words.

"Haha, as for the confidence you mentioned that cannot resist the panic caused by the continuous decline of the stock market, in my opinion, it is no big deal!" Andy's indifferent expression and relaxed wave of his hand made everyone feel stunned. After all, the United States' plunge makes people sleepless every day.

"I'm not kidding. There's nothing to be surprised about the stock market falling." Andy spread his hands slightly, shrugged his shoulders on his lips, and said in a brisk tone: "Because this kind of thing always happens again and again, just like the cold winter in Minnesota is coming again and again, isn't it a very common thing?

If you live in a cold climate, you have long been accustomed to it and have predicted in advance that the temperature will drop to freezing. Then when the outdoor temperature drops below zero, you will definitely not panic and think that the next ice age is coming, right?

And then, you would wear a fur coat according to your habit, sprinkle some salt on the sidewalk to prevent freezing... mso easy, everything is done, and you would comfort yourself like this, when winter comes, will spring be far away? By then the weather will warm up again!"

Andy's easy-to-understand metaphor made the people watching the interviews in the United States fall into deep thought, but when he was still a little confused, the TV host Matt Raul asked everyone's thoughts.

"Mr. Smith, seasonal changes are regular, but panic about the stock market is precisely because it is unpredictable..."

When asked this, Matt Raul suddenly realized that he had messed up. Damn, there was no one in the previous questions. He was a damn occupational disease and was used to asking the guests...

At this moment, other staff members also realized that there was an accident and looked at the boss who was still smiling calmly and nervously.

Andy was slightly stunned by Matt Raul's sudden pressing and questioning, but he recovered in just a moment and had a response, giving Matt Raul a reassuring look.

"Okay, we cannot predict the future stock market trend, but there are some rules that can still be traced. Let's not talk about any rules for now. I want to tell everyone some data first. In the 70 years when stock investment returns have defeated other investment varieties, the US stock market has experienced 40 sharp drops of more than 10%.

Among these 40 big drops, 13 were terrifying plunges, with a drop of even more than 33%. One of them was the largest plunge in history, the stock market crash from 1929 to 1933..." When he said this, Andy paused for a moment. In order to increase his persuasion, he directly used the public relations skills he learned from the hearing as a surprise. His speech slowed down and his speech was clear, leaving behind a pause for people to think.

"I believe that the painful memory left by the stock market crash in 1929 on people at that time was extremely heavy, far exceeding the effects of other factors, and even finally caused millions of investors to stay away from the stock market and turn to the bond market and money market.

Despite 60 years, this super-large stock market crash still makes people fear the stock market, and even our generation, who can only understand 1929 through books, has changed.

If staying away from the stock market is due to investors suffering from a trauma syndrome after the stock market crash, the economic price to pay for it is too high.

What's worse is that after the famous stock market crash in 1929, the Great Depression followed one after another, so people linked the stock market crash with the economic collapse. People still believe that the stock market crash will trigger the economic collapse.

This misconception has always been deeply rooted in the public's mind, although it turned out that it was not the case later.

For example, the stock market crash in 1972 can be compared with the stock market crash in 1929. It is very serious, but it did not cause an economic collapse. There was also the stock market crash in 1987 and there was no economic collapse."

When he said this, Andy suddenly paused and changed his previous comfortable sitting posture. He sat upright, looked at the camera with a sharp and bright look, and said with a serious expression: "Maybe there will be a bigger stock market plunge in the future, but since I can't predict when the stock market plunge will occur, and as far as I know, no investment expert in the world can guarantee that he can predict it, so why do you fantasize that each of us can prepare in advance to avoid the plunge?

Just imagine, among the 40 stock market crashes that have occurred in the past 70 years, even if 39 of them were predicted in advance and sold all the stocks before the crash, wouldn’t you regret it? You should know that even the stock market crash with the largest decline, the stock price eventually rose back and rose even higher! But you left the stock market because of fear of panic...

This plunge is just the 14th time in history, and there is nothing to make a fuss about.

So, since this stock market pullback is inevitable, it will happen after a while, why be so panic?

Do you think so?

Failure is a learning experience. You can turn it into a tombstone or a stepping stone. How to choose can only be decided by yourself!"
Chapter completed!