"So I think: those who discuss hot topics, always chase the rise and fall are all leeks; those who discuss great companies, those who grow mature rich people."

After saying that, Chen Feng straightened his back, looked at the screen with a burning look, and said seriously: "For young people or most people, the core is not financial management, but how to generate income!"

"What's the point of not having money?"

"So the more important thing is not investment, but an annual salary of one million as soon as possible!"

Lei Li and Li Nanjun looked at each other and looked at the overwhelming comments. Is this sentence too true?

Chen Feng paused for more than ten seconds and continued: "How can rich people be the core? This is my thought. Buffett's time-traveling class continues to attack, just by rushing and self-study."

"And if you have money, your income is high and your realm is high. You don't have time to be interested in various chat posts in the stock market. What's the rise in bank stocks today... Will it continue tomorrow... Is there any news for a certain stock..."

“These are not their concerns at all.”

"Only by attacking yourself, working hard to make money to make money and manage your finances, one is to understand that the money you make is to invest in great companies rather than to trade stocks."

"The second is a positive cognitive cycle. Although you can open an account and play with 10,000 yuan, you must know what the core points are. No matter how much money, it will not last long. No matter how much money, embracing greatness will produce alpha compound interest."

"So I think for the public, what the core needs is not how to improve gambling skills but to understand yourself. When you earn one million yuan, investment and perception of the company will also grow."

"Don't buy and sell with all the great stock gods every day, you will definitely not make money. It's even more a pity to waste time costs. It's not money to take detours, but energy."

Speaking of this, he smiled and said, "If I really want to give investment advice, there is only one..."

“Buy the right company!”

"Whether Microsoft, Apple, Tesla, or Moutai, they were great companies ten years ago, with a very high market value ten years ago, and a very high valuation ten years ago."

"Because every era has its own king, and the greatness between them is different, such as Graham's early cigarette butt philosophy and investment value schools."

"When he was born and grew up, the period after the United States was full of wealth, he also went to buy at half price in 31 years, and broke the bankruptcy in just one year."

"From World War II, the unemployment rate was around 20% before the United States became the world's arsenal. It was also the consensus of value investment in the entire society at that time. An industry without growth could only save money."

"You ask me how to find a good company today?"

"First of all, you must be full of expectations for the world, so that you can match your expectations for the future, analyze real needs and markets, and resist the troubles of the world."

“In my opinion, there is only one core factor: faucet!”

It's definitely not the epidemic, it's definitely not the economy.

"First choose from the country, bet abroad or domestic?"

"Then continue to focus on the industry and think about whether these companies in the industry will still be there in ten years?"

"Even if there is a new replacement, can the industry continue to grow?"

"As a value investor, you must learn to embrace greatness, embrace social progress, and use the time of speculation to study and find great companies."

“Growing up with the beauty of the world is something I have been doing. I eat well every day, sleep well, I don’t bother to open the trading software, and I don’t care about the price at all.”

"You only need to do one thing: try your best to find a great company, buy at a reasonable price, and then live with your heart, constantly improving your self-worth..."

"Waiting for time to give you the final answer!"

Chen Feng smiled like a sunny smile and said, "Always remember an old saying..."

"There is no good product at a cheap price, but good product is not cheap!"

These are all heartfelt words. As a student of Graham's famous and upright family, Buffett was tempted to buy a not-so-good company because of the cheap price when he was young. Later, he realized that buying a good company at a reasonable price is much better than buying an ordinary company at a cheap price.

Then, I will no longer buy bargains, especially those that I buy, and continue to swallow cash, which will make it unable to take action, and depreciation will eventually destroy the company.

After getting to know Munger, I am more committed to finding great companies, looking for mature and continuous people, human living habits, good industries, and excellent and upright management in the future, and then buying at the right price.

Suppose that if Buffett had only relied on the hundreds of dollars of that year, he did not attack himself and learned Carnegie's communication skills, participated in the Rich Club, and dealt with the shareholders' meeting to reorganize and merge, even if he made 100,000 times now, he would be worth hundreds of millions of dollars.

But he continues to improve his income and also manages financial profits on behalf of customers. While looking for a great embrace of growth, he knows his own advantages and shortcomings only swings in the sweet area, and constantly understands new things and changes in human consumption behavior...

This has become the world's top five richest people for 30 consecutive years since 1992. In terms of stable cash flow and liquidity, its Berkshire Hathaway is also the second most profitable company among the top 500 in the world for many years.

The old man didn't spend time on the forum every day to find news, and he was anxious to buy the bottom and escape the top. Some of them were just calmness and determination to travel through time and determined to be tenacious and focused.

Take time to see companies like McDonald's and Coca-Cola that grasps dietary consumption habits, and study more controllable things like human habits...

Don’t spend time studying the mysterious yellow universe and sunspots of heaven and earth, it’s meaningless.

Just like those who calculate the next round of Mark Six lottery rules at the lottery center, they live too anxiously, waste time to achieve themselves, and miss countless beauty.

Someone once said:

This year was the worst year in the first decade.

But it is also the best year for the next ten years!

Is Moutai expensive now?

Wait until five years later, you can watch it?

It will only be more expensive!
Chapter completed!