Nature determines investment income

Today, I interviewed a financial engineer for my recent Master's Degree. We talked about the stock investment topic and their respective views on "tianwei Bao change. Our consensus is that "tianwei Bao change" is a leader in the solar industry with great development potential. But I have talked about the ups and downs of this stock recently, and he does not seem to care about it-value investment philosophy!

What determines the investment income? It seems that this is a difficult question to answer. In the world's financial investment sector, various investment concepts are parallel: Technical, academic, and analytical. In a year or a few years, the investment income is much higher than 300,400%, but for 20 or 30 years, only Buffett and Graham can make profits. Many fund managers, known as "genius" at the beginning of the year, started with an average annual revenue of more than 100%. The final outcome was basically bankruptcy, and many others committed suicide. Buffett and Graham have set an example of value investment before us for at least a decade, but they seem to be able to make very little profit for 10 years.

What determines the investment income? Value Investment seems to be really hard to learn, and it is harder to be consistent. For example, there are two options: one is annual income of 10%, low risk; the other is short-term income of 100%, high risk. Even if I fully understand that the previous choice seems more wise, I still select the latter because I prefer to be rich overnight. Most people who hold stocks or funds tend to watch their disks on a daily basis, or view the net worth of funds on a daily basis. They hope that their wealth will increase rapidly, and they are afraid that their wealth will shrink rapidly, greed and fear are the nature of most people.

A friend once said, "I don't care if I buy it. I don't care about earning or losing money !" Think about it. If I really don't care about earning or losing, will I buy it? What is the purpose of investment? In my philosophy, technology can be imitated and learned. The only thing that cannot be imitated is nature. It seems that a person's attributes cannot be changed or imitated.

Now, the only reasonable conclusion I can draw seems to be that the nature decides the investment income.