Investment is also about speed and security.

Source: Internet
Author: User
The investment guru Graham, who is renowned as "the father of value investing", has passed on to his most proud student, Warren Buffett, two investment law: first, never lose money; second, never forget the first one.  This is the first principle of investment safety. Have to admit that people are greedy animals, often want to make more money, want to earn more than others, so constantly increase their positions or even full warehouse, which is like in the racing field to accelerate, accelerate, accelerate! When the market goes up, this kind of aggressive may bring a handsome profit, like in the flat Lane, the bold player is better, and once the market shocks or inflection point, like the car into the corners and steep slopes, then the result of high-speed speeding will be what? The skilled are playing with the heartbeat, the slow-reacting people become disaster. So, just as a good racer has to keep an eye out for runway changes, successful investors can never forget the word risk.  Safety first, not only suitable for motor racing, but also for investment and finance. The car was driving so fast that it wasn't a winner until the end. So is investment banking. If we admit that money is a way of life throughout life, there is no need to gamble. Emphasis on safety first, can manage to enjoy a better life without worry. (Liu Jingwen Fund)

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