Source: Red and Green
Every missed opportunity in life is an opportunity to perform well, and every missed opportunity is an opportunity to learn. Our task is not to indulge in self-pity, but to use terrible damage in a positive way.
What is a mentor?
“Practising carefully is enough to be customary”
Experiencing the stock market's bull and bear tests
Investment gurus who have achieved excellent results
Undoubtedly, this is such a “human teacher”
Whether it's investing or being a human
Their suggestions are all worth listening to
Warren Buffett
Stock god, Chairman of Berkshire
1. Of course, you've probably heard everyone around you advising you to invest in yourself as soon as possible. That sounds like a good suggestion, but at best it's pertinent. Do you know how quickly the results of such an investment disappear? By the time you read those suggestions, it was gone, and nothing was left because you didn't change anything.
How to invest in yourself? In an age where the internet is so developed, you can learn whatever you want, as long as you want. Discover what you're passionate about, invest in yourself by increasing your wisdom and knowledge, and remember, learning never stops.
2. Regardless of the major, effective expression and communication skills are critical. And even if you don't attend class, you need to practice these abilities through your own practice.
3. The sooner you realize that time is your most valuable asset, the sooner you can protect and make good use of it.
Listen, now you should learn time management as much as possible!
4. What kind of habits do you think you should get rid of now? Looking back on the past, for me, it was just a consumption habit. This habit isn't just bad, it's bad, and it's even filmed.
As a young person, I started spending money before I made any money, borrowed after spending, then spent more. Of course, this gave me some bitter results.
So get rid of your bad habits as soon as possible, and I'm sure you don't want to use the hard mode to study essential life courses!
5. You don't need to be an expert in every field, clarify your limitations, and give full play to your strengths and strengths, which is very important.
6. If you are relatively well-off, you should really find a job you love. Don't give up on doing it because your salary isn't high or you don't look good enough on your resume.
Charlie Munger
Buffett's golden partner Berkshire Vice Chairman
7. Life will have terrible blows, bad blows, and unfair blows. None of this matters. Some people can recover; some can't. I think the (ancient Roman philosopher) Epictetus (Epictetus)'s attitude is the most desirable.
He believes that every missed opportunity in life is an opportunity to perform well, and every missed opportunity is an opportunity to learn. Our task is not to indulge in self-pity, but to use terrible damage in a positive way.
That's a great idea.
8. What should you avoid? The answer is simple: lazy and unreliable.
If you're unreliable, it doesn't matter how much wealth you have; you'll run into trouble soon anyway.
Doing things sincerely and sincerely should naturally become your code of conduct. You should not let yourself be lazy and unreliable.
9. Acquiring wisdom is a moral responsibility. It's not just something you use to improve your quality of life. This view would infer a very important conclusion, which is that people learn throughout their lives. If you don't study for a lifetime, you won't have excellent performance; based on personal knowledge, you'll only be able to stay almost where you are.
10. If you memorize a piece of knowledge so that you can get good results in the exam, this knowledge won't be of much help to you. You must master a lot of knowledge so that it forms a frame of thought in your mind that you can automatically use in the days that follow.
Peter Lynch
Investment superstar hailed as “World's Best Fund Manager”
11. The best way is to start saving and investing as soon as possible. And it's best to start when you're still living with your parents. Imagine when your spending will be lower than this time?
You have no children to raise at this time, and your parents are still raising you. If your parents don't want you to pay rent, that's even better. Because you can get a job and then save all of your income to invest in the future.
12. In the best case, you save a portion of your salary directly to invest. The next best thing is that you're a moonlight person. The worst case scenario is when you use a credit card to spend on credit and are heavily indebted. In this case, you are paying interest to others, often to the credit card company. The credit card company makes your money, not you use the money to make money.
13. Young people have an advantage over the elderly in investing in stocks. Your parents or grandparents may be more familiar with stocks than you, which may be the result of too many failures. Of course, they also have more money to invest than you, but you have the most valuable thing, and that is time!
The value of time in investment compound interest. The sooner you start investing, the more obvious the results. In fact, investing early, even a small amount of money is more valuable than investing a large sum of money late.
Benjamin Graham
Buffett's teacher, father of securities analysis
14. I would like to suggest that they (young people interested in the stock market) study the historical history of the stock market and study their own abilities to determine whether they can find an investment path to achieve their goals.
If they have already done so, no matter what others do, think, or say, stick to their own path.
We never go with the flow, and I think it's good for young analysts to grow. If they've read “The Smart Investor,” I think this book is more useful than “Securities Analysis,” and they choose from methods they think might be profitable, and I recommend sticking to their own path.
Howard Marks
Value investment guru admired by Buffett, founder of American Oak Capital
15. Compared to “you control your fate”, there is another better way to say it: good luck will only come when prepared people encounter opportunities.
If you prepare, work hard, and use your talents through learning and practice, then you can take full advantage of the opportunities that arise.
This worldview is in line with my investment philosophy: once an existing portfolio encounters a catalytic event, performance will respond.
James Simmons
World's Most Profitable Mathematician Master in Quantitative Investing
16. One thing I always do is try new things. I don't want to run with a big team, and one reason is that I'm running too slow.
If N people were in different places but doing the same thing at the same time, for me, I think I'd be the last person to do something, and I definitely wouldn't win this game.
But if you're thinking about a new problem at the same time, or have a new approach that's different from everyone else's, maybe that will give you a chance, so try something new.
John Templeton
The father of global investing and the most successful fund manager in history
17. Peace of mind comes from honesty and integrity — that is, living in a world of oneself rather than others, listening carefully to voices from the depths of one's heart, living calmly and calmly, and living with a sense of conscience.
18. The only way to avoid mistakes is not to invest, yet this is the most serious of all mistakes.
So, forgive yourself for the mistakes you've made and don't let yourself get discouraged.
The biggest difference between successful investors and unsuccessful investors is that the former acknowledge their mistakes and keep learning from them.
19. There is a big difference between holding on to your beliefs and being stubborn against any change.
Sometimes, the future direction of our lives isn't that obvious, but if we close our eyes, close our hearts, and don't think positively, we'll never be able to predict where the future will take us.
Roy Newberg
The father of American mutual funds and the winner of the Century Stock Trading
20. You can fall in love with someone or an idea, but you should never fall in love with a certain stock.
Shares are simply a tool used to make a profit. I learned early on to be skeptical about stocks and handle them flexibly.
I've also learned to act quickly to throw out stocks. I'd rather suffer less losses than be dragged down by them because I have a soft spot for something.
Editor/Corrine