Excellent investor text/old money

Coca-Cola's president once said a very good word, "even if a fire to the Coca-Cola plant overnight, we can rely on our own brand in the next day to rebuild a new kingdom."
This sentence gave away, Coca-Cola's broken formula, in fact, there is no technical content. The real value is the brand that has been shaped by the long-term propaganda and promotion, and the consumer who is attached to this brand. Of course, Coca-Cola's position today is based on the fact that its products do meet the needs of specific consumer groups.

In the investment community, is there anyone who can say, "If I was penniless overnight, I could rebuild a financial empire with my own investment philosophy." ”
Such people, although limited, but also some, Buffett and Soros are such representatives. Looking farther, Livinmore's number of chatter has long proved that some money dares to chase people who have the ability to invest, even if he is destitute.
As far as domestic, guiltyboy and so on a few of the theoretical accumulation, but also experienced the practice of baptism of investors, absolutely trustworthy quality and ability. and Zhang Kexing, Dambin and other promising investors, but also need to constantly improve their investment philosophy, complacent.

The specific contents of "Buffett and Soros investment Habits", that is, Buffett and Soros investment habits similarities and differences, the book has its own detailed description and moderate induction, old money is not a spoiler. Old money to say is, although this book is well worth reading, but only with a certain theoretical and practical basis, it is possible to deeply understand some of the reasons.
To sum up, this book helped me to further confirm the following views, of course, based on the Buffett doctrine:

Excellent investors, have their own stable investment philosophy, trading system, and in any complex situation can keep a clear mind, listen to the voice of the heart.
The investment philosophy of excellent investors is highly matched with personal character, which is a set of theoretical system based on the combination of general law and individual characteristics.
Good investors have a religious belief in their investment philosophy, and no matter how the market changes, they will not easily give up the deliberate judgment, no matter what the people around them are.
Good investors know what they are capable of and never do anything beyond their capabilities. Once the market develops beyond its comprehension, he prefers to sit there waiting like a wolf.
Good investors never entrust their money to someone else's head, nor do they seek the opinion of others about their stock holdings. Of course, he is willing to accept any information, listen to any voice, and seek any investment opportunities. But no matter what the news, any judgment, any advice, any strategy, no rational thinking by himself, is not enough to justify a transaction.
A good investor has a clear buying standard, and he will never make a big bet unless the relevant criteria are met. And once the buying standard is met, he will not be deterred by the deterioration of the market environment, and will not fantasize about a lower price. At this time, he behaved like a typical hungry wolf.
Good investors draw up a possible exit strategy when buying, although the strategy may not be written in writing, but once the conditions are in place, he will not hesitate to execute his plan, and will never delay throwing or giving up the stock exchange because the market is hot.
Excellent investors are good at waiting, patience is excellent. Unless there is a particularly good buy or sell opportunity, he will not act rashly. For him, the best buy or sell opportunities are extremely rare, and there is no other way than to wait patiently. He will not seek investment opportunities because he is rich, but will try to raise the necessary money when investment opportunities are coming up. So he doesn't have to think about getting on the bus or getting off the bus. Most of the time, he could not answer whether investors could enter or buy any good questions.
Good investors can curb the urge to trade. Because he knows that it is not a transaction that is an operation category. Most of the time, not trading itself is the best deal. Not trading is also part of the job, and it is a higher level and more common working condition.
Good investors are more concerned with the evolution of the business itself than the change in stock prices. Staring at the price change all day, not only wasted precious time, affected the deep research of the enterprise, but also, to some extent, reflected the lack of confidence in their own judgment.
A good investor can leave the market at any time without worrying about any problems with the stock. Because, the enterprise changes, at least in the quarterly units to complete. In the time you travel, there is basically no big change happening.
In fact, most of the time, good investors have nothing to do. At this point, he can exercise, reading, friends, listening to music, and even doing another job. While improving the ability of information collection, the Internet has also caused a great loss to the investors ' mental power. If investors can not force themselves out of the vast amount of invalid information, then, the light impact on health, the heavy threat of life. This is a point to be observed.

In short, what we do is to build up a unique investment philosophy and trading system, and to validate it with a period of careful practice, by deeply learning the experiences of successful people, combining their own personalities. Making money is nothing but a byproduct of this experiment.
A deep review of yourself, if you are not fully prepared in theory and practice, or have not yet formed a sound investment philosophy and trading system, then you'd better spend a little more time to read, spend less money to practice.
The opportunity to make money will be recurring, so there is no need for the people around to earn money, they hurried to the market to kill, there is no need for market correction, sound so agitated to run. Unless you really want to know how you can make money, why you make money or lose money, you can hold your destiny in your own hands. Otherwise, the money you make today is likely to be exported tomorrow.

For mature investors, all major decisions should be made rationally on a deliberate basis.
Stand on the shoulders of giants and be yourself.

(turn) Excellent investor text/old money