The concept we hold for a long time does not require us to be more firm, but to select companies more strictly.

When the average share price is at the foot of the hill, you can get a good benefit if you just buy it and hold it patiently. At this time, the professional investors and fund managers suffer, and they are often defeated by index funds. When the average share price is half a mountain, the mind is flexible and easy to earn. At this time, the old investors who have struggled with the ideological tradition to keep the blue-chip market unwilling to change are often at a loss in the rotation of Small and Medium board, Growth Enterprise Market, and main board. When the average share price is on the top of the hill, the band and trend investors who are good at escaping are safe. Long-term investors who suffer from good stocks will soon face the harsh fact that e sometimes flies much lower or even lower than a chicken.

The joy of making money is not everyday, but the joy of participation and research is eternal.

People who are new to the city school will surely feel that it is much easier to earn money for a while than to earn money for a lifetime. When you read the stock market as a senior, you will suddenly find that: Sometimes, it is much more difficult to make money for a while than to make money for a lifetime.

Value investors understand that the stock price level is inversely proportional to the investment courage and is proportional to the stock selection capability.

The best value investors have both the instinct of two kinds of animals: one is the hard-working hound, constantly and efficiently searching for the treasure that has increased ten times over a decade, and the other is a quiet, lurking crocodile, wait patiently for the opportunity and make quick moves.

When judging the price levels of the stock price, house price, gold price, and oil price, you must be clear about it. When predicting the rise and fall of the stock price, house price, gold price, oil price, and other prices, you might as well be confused.

In terms of investment, the importance of practice and experience may be that, instead of having a deep understanding of the correct investment philosophy, we may have a wide understanding of the wrong investment method. The importance of thinking and wisdom may be that, it is not how wide the knowledge is, but how high the realm of thinking is.

I always want to say to my daughter after graduating from college: buying a good stock is equal to finding a good job.

Buy stocks that you don't have to consider selling, buy stocks that can support elder care, and buy stocks like buying your own house.

But never forget that long-term holding is more risky than imagined, and time is the biggest cost. The problems found ten years later are frustrating. Long-term possession must be firmly built on the basis of good stocks and good prices.

The concept we hold for a long time does not require us to be more firm, but to select companies more strictly.