Source: Qile Club
Introduction:
Great investors focus first on managing risk. Most investors fixate on returns, but few pay attention to the risks and consider how much they could lose. Greed blinds people, and what often follows a brief period of euphoria is an abyss without end. All great investors adhere strictly to trading discipline and strategies while managing risks. After all, one must have money to stay in the game.
This article compiles investment insights reflecting the wisdom and experience of ten world-class investment gurus, as we welcome the New Year. We hope these pearls of wisdom will inspire and bring success in the year ahead.
First, the Sage of Stocks - Buffett
Be fearful when others are greedy and greedy when others are fearful.
2. If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes.
3. It takes 20 years to build a reputation and five minutes to ruin it. If you understand this, you'll do things differently.
Investing, to me, is both a sport and a form of entertainment. I enjoy the hunt for good prey, capturing the rare, fast-moving elephants.
5. Only when the tide goes out do you discover who’s been swimming naked.
6. When a strong company faces a significant but manageable crisis, an excellent investment opportunity quietly emerges.
7. Invest in businesses, not stocks.
8. Owning a stock and expecting it to rise tomorrow morning is utterly foolish.
9. Even if the Federal Reserve Chairman whispered to me about monetary policy for the next two years, it wouldn’t change any of my investment decisions.
10. I have a fondness for simplicity.
Second, the Financial Titan - Soros
Speculation operates like the law of the jungle in the animal kingdom, preying on the weak. This approach tends to be consistently effective.
I was born penniless, but I am determined not to die in poverty.
It does not matter whether you are right or wrong; what matters is how much profit you make when you are right and how much you lose when you are wrong.
In the stock market, seek out abrupt changes that others have yet to recognize.
5. Taking risks is blameless, but always remember not to bet everything on a single throw.
6. The stock market is generally unreliable; thus, if you follow the crowd and chase trends in the Wall Street area, your stock trading is bound to be extremely unsuccessful.
7. Being in the market requires you to be prepared to endure pain.
8. Like others, I make as many mistakes in everything, but my exceptional ability lies in recognizing my own errors.
9. To achieve success, having sufficient free time is essential.
10. You don't need to know everything, but you must know more than others in a specific area.
III. Speculation Genius - André Kostolany
1. Crashes are typically preceded by surges, and surges always end in crashes, repeating over and over again.
2. A patient does not die from the disease, but from the medicine given to him.
3. When prices start to rise, the smaller the trading volume of the stock, the more optimistic the situation.
4. Any software is at most as intelligent as its programmer.
5. Money is to the securities market what oxygen is to breathing, and gasoline is to an engine.
6. A breakout following a period of price consolidation is typically a trading opportunity worth taking a risk on.
7. Pullbacks often halt at gaps.
8. The stocks of the most renowned listed companies are the most prone to excessive speculation.
9. A stock will never be too high to start buying, nor too low to start selling.
10. After 80 years of securities trading, I have learned at least one thing: speculation is an art, not a science.
4. The Most Mysterious Technical Analysis Master - William Gann
1. Do not buy after a significant increase in trading volume, and do not sell after a sharp decline in trading volume.
2. There is nothing new under the sun.
3. Once you fully master angle lines, you will be able to solve any problem and determine the trend of any stock.
4. Only engage in actively traded stocks and avoid those that move slowly with sparse trading volumes.
5. When the market trend is unclear, it is better to stay on the sidelines and observe.
6. Only stocks with good performance exhibit strong resistance to declines.
7. Charts can reflect the overall psychological state of the stock market or company investors.
8. Adjustments will only make the stock market healthier.
9. Do not buy all at once; arrogance is a sin.
10. When suffering losses in trading, never double down in a gambler's manner in an attempt to average down costs.
V. The Global Traveling Investor - Jim Rogers
1. If I act solely based on my understanding rather than being told what to do by others, it will be both easier and more profitable.
2. Never lose money, do what you are familiar with, and invest only when great opportunities arise.
3. I have never paid attention to market fluctuations; I only care if there are companies in the market that meet my investment criteria.
4. When everyone is going crazy, you must remain calm.
5. Stand aside and let the market develop naturally.
6. Based on historical experience, once commodity markets enter a bull cycle, it can last a minimum of 15 years and a maximum of 23 years.
7. The integration of making money and pursuing ideals is the most wonderful thing.
8. After achieving success, one is often clouded by triumph; it is precisely during these times that calm reflection is needed.
9. When media opinions lean overwhelmingly to one side, you should calmly take a position on the opposite side.
10. Risk resides within the market itself.
VI. The Stock Market Talent Scout - Philip Fisher
1. Hold onto growth stocks.
2. The funniest thing about the stock market is that everyone who buys and sells at the same time thinks they are smarter than the other party.
3. You will never be able to fully understand every aspect of yourself or the market.
4. Cash flow is a key indicator of any company’s financial health.
5. In this highly competitive era, even if a company’s products or services are excellent, it cannot survive without effective marketing.
6. Do not follow the crowd.
7. Investors seeking substantial capital growth should downplay the importance of dividends.
8. When investing in stocks, it is essential to thoroughly understand the company's operations and avoid being misled by inaccurate figures.
9. When buying truly outstanding growth stocks, in addition to considering the price, timing must not be overlooked.
10. In stock investment, some aspects inevitably rely on luck, but in the long run, good and bad luck will offset each other; sustained success must depend on skill and the application of sound principles.
VII. A Legendary Figure in Fund History - Peter Lynch
1. There is a 100% correlation between a company’s condition and its stock performance.
2. Stocks in cyclical industries should be bought when the price-to-earnings ratio is high and sold when the price-to-earnings ratio is low.
3. Buy stocks of companies with profitability, and do not sell without a very good reason.
4. With a little research into stocks, ordinary investors can become stock investment experts and achieve results in stock selection as excellent as those of Wall Street experts.
5. Investing without research is like playing poker without looking at the cards; it is bound to fail.
6. Ultimately, the fate of investors is decided not by the stock market or listed companies, but by the investors themselves.
7. Confidence is essential in stock trading; without it, failure is inevitable.
8. Market trends are often born out of despair, grow amidst skepticism, mature in anticipation, and perish in hope.
9. The winning rule in the stock market is: do not buy lagging stocks, do not buy mediocre stocks, and focus entirely on leading stocks.
10. Let the trend be your friend.
VIII. The Father of American Mutual Funds - Roy Neuberger
1. I understand that money makes the world go round, but I don’t believe in money; I know that art cannot make the world go round, but I believe in art.
2. Investment success is built upon existing knowledge and experience.
3. Someone else’s shoes will not fit your feet.
4. Timing may not determine everything, but it can decide many things.
5. A true investor does not place funds arbitrarily like gambling; he only invests in instruments with a sufficient probability of generating profits.
6. Stocks are clearly the preferred asset for all investors seeking long-term growth.
7. Technical indicators may vary endlessly, but trading volume represents real buying and selling.
8. Shareholders may not care if the CEO reads novels or drives under the influence, but they do care about fraud committed by the CEO.
9. Loving a stock is fine, but when its price becomes overvalued, let others love it instead.
10. If a stock can remain stable within a certain price range over the long term, that price level can be considered reasonable.
IX. The Investment Master Who Dominated Both the Stock Market and Politics - Bernard Baruch
1. I managed to avoid disasters because I always sold too early.
2. When everyone cheers for the stock market, you should decisively sell, regardless of whether it will continue to rise; when stocks are so cheap that no one wants them, you should dare to buy, without worrying about further declines.
3. New highs breed new highs, and new lows breed new lows.
4. Anyone claiming they can always buy at the bottom and sell at the top is surely lying.
5. Don't expect to be right every time; if you make a mistake, the sooner you cut your losses, the better.
6. Those who live the longest enjoy the most freedom and earn with the greatest ease.
7. They were not defeated by the market; they were defeated by themselves.
8. As investors, there are certainly some stocks that will lead to unforgettable losses.
9. One must understand the interaction between rationality and emotion as they alternately influence the market.
10. Be cautious of anyone who offers you insider information, whether it’s a barber, beautician, or restaurant waiter.
X. The Japanese Stock God - Ginzo Isikawa
1. The stock market is the place with the most rumors; if one were to buy or sell every time a rumor was heard, no amount of money would be enough to cover the losses.
2. Monitoring economic and stock market trends daily must be based on one's own research efforts.
3. The mindset of investors must be like that of a tortoise, observing slowly and trading cautiously.
4. One should not be overly optimistic, assuming the stock market will rise indefinitely; moreover, operations must be conducted using one’s own capital.
5. Only eat until eighty percent full.
6. Trading is not about buying low and selling high; in reality, it involves buying high and selling higher, as the strong grow stronger and the weak weaker.
7. Before I enter, I already know when to exit.
8. Choose stocks with great future potential that have yet to be recognized by the public, and hold them for the long term.
9. Do not jump in immediately upon seeing bullish news or articles in newspapers and magazines.
10. Unpredictable events can occur at any time, so it must always be remembered that investing in stocks carries inherent risks.
Still struggling with stock selection? The all-new 'Opportunities Page' feature can assist you.Explore hot opportunities on one page and seize market advantages!
Editor/Jayden
