---
title: "Sharing "Poor Charlie's Almanack".A few quotes that I find useful: Smart people will go all "
description: "Sharing "Poor Charlie's Almanack".A few quotes that I find useful: Smart people will go all in heavily after discovering a good opportunity,but stay in cash and do nothing the rest of the time"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/38793762.md"
published_at: "2026-02-20T02:19:17.000Z"
author: "[我的维他豆奶冻住了2](https://longbridge.com/en/profiles/15571048)"
---

# Sharing "Poor Charlie's Almanack".A few quotes that I find useful: Smart people will go all 

Sharing "Poor Charlie's Almanack".

A few quotes that I find useful: Smart people will go all in heavily after discovering a good opportunity,

but stay in cash and do nothing the rest of the time.

It's a natural law for value to shrink by 50% during long-term holding.

If you can't withstand a 50% drop, you don't deserve to be a shareholder.

Virtue does not match position: Psychologically fragile people can only achieve mediocre returns.

Being panicked by a decline is a form of cognitive incompetence.

In terms of position allocation, I will set aside a portion of my portfolio for long-term investments, meaning holdings I can keep for five or six years without selling.

For example, dollar-cost averaging into the S&P 500 and Nasdaq indices, or like Duan Yongping holding a large position in Apple for over ten years without selling.

Planning for long-term investment can give people a more long-term perspective, ignoring short-term fluctuations and noise. In fact, looking over a longer timeframe, every major drop in the US stock market is just a minor fluctuation.

I also suggest everyone not pay too much attention to intraday price movements, because it's useless anyway.

Those skilled investors, like Duan Yongping, Warren Buffett, Dan Bin, and Nancy Pelosi, I've never heard of any of them becoming stock gods by staring at the screen all day.

Given the sophistication of today's quantitative machines, day trading is likely a losing game against the algos. The big players' operations are sometimes very simple: pick the right target, buy at the right price, hold, and wait patiently.

Mindset is the most important thing in investing. A bad mindset leads to poor decisions and ultimately, losses.$Amazon(AMZN.US)$Taiwan Semiconductor(TSM.US)$NVIDIA(NVDA.US)$Apple(AAPL.US)$Alphabet - C(GOOG.US)

### Related Stocks

- [AMZN.US - Amazon](https://longbridge.com/en/quote/AMZN.US.md)
- [TSM.US - Taiwan Semiconductor](https://longbridge.com/en/quote/TSM.US.md)
- [NVDA.US - NVIDIA](https://longbridge.com/en/quote/NVDA.US.md)
- [AAPL.US - Apple](https://longbridge.com/en/quote/AAPL.US.md)
- [GOOG.US - Alphabet - C](https://longbridge.com/en/quote/GOOG.US.md)
- [GOOGL.US - Alphabet](https://longbridge.com/en/quote/GOOGL.US.md)

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.