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I was chatting with a few elders who only trade A-shares. One is a public servant, another is a senior executive at a listed company, and the third is a university professor. They are all considered highly educated and affluent. I asked them what their usual reasons are for buying a stock. The answers turned out to be either looking at K-line charts, following national policies for short-term trades, or relying on so-called "insider information."

I thought they were part of the elite and would have profound insights, but not a single one mentioned investing because they believed in the company's value.

I asked them if they would dare to hold the stocks they bought now for ten years. They all replied that of course they wouldn't.

I asked why they don't buy U.S. stock giants instead, learning from Warren Buffett and Duan Yongping to practice value investing. They said they find U.S. stock giants rise too slowly.

I said slow is fast.

Unfortunately, they still stick to their views, believing that trading A-shares is more valuable...

This is also why most people who trade A-shares lose money. A garbage market, combined with gamblers and speculators, creates a market where the major indices don't rise for a decade.

However, most domestic U.S. stock investors also lose money. They simply apply their A-share trading habits to the U.S. market—loving gambling and speculation, blindly believing in K-lines, and lacking patience.

I believe investing requires another crucial ability: timely admission of mistakes and reflection. When you realize a decision is wrong, you should strive to correct it. Many A-share investors often stubbornly cling to garbage companies and a garbage market, ultimately trapped by sunk costs and unable to get out.

The U.S. stock market is the one with the highest long-term returns and has created the most investment legends and masters. Honestly, read the books by Warren Buffett, Charlie Munger, and Duan Yongping, and honestly practice value investing.

Trading stocks seems to have a low barrier to entry, but in reality, it demands extremely high cognitive abilities. Investing involves one's understanding of the world and wealth, one's personality, and the human emotions of fear and greed. Those who can make stable, long-term profits in the investment market must be individuals with exceptionally high cognitive levels.

Don't be obsessed with watching those who engage in short-term gambling. Everyone's risk awareness, mindset, and capital size vary too greatly. If you recklessly try to imitate them, you'll face utter ruin.

@Value & Investment Value Bro is the most impressive U.S. stock investor I've seen on Longbridge. Learn more from his mindset, risk control, and investment logic.

Let's encourage each other. $Tesla(TSLA.US)$NVIDIA(NVDA.US)$Alphabet(GOOGL.US)$Apple(AAPL.US)$Berkshire Hathaway B(BRK.B.US)