长期主义接班人

It was all luck. I have repeatedly reminded myself that I recouped my investment and made a profit of over 100,000, not because I was particularly skilled, but because I happened to catch the good times of the continuous rise in U.S. stocks and followed the big shots to buy the right stocks. This also included very significant risks. Looking back now, there was a possibility of the account being wiped out. This is the sixth mistake of retail investors. 6. Full position in options. I made 100,000 using options on small rockets. But looking back now, the volatility of small rocket calls far exceeded my risk tolerance. It often moved up and down sharply. I was just lucky to have bought during the upward trend. I had no positions at all during the drop from 70 to 40...

Haven't posted any reading shares recently. One reason is that the overall market has been in terrible shape lately, and my account has also experienced a sharp pullback. I try to avoid looking at this account whenever possible. Moreover, the returns aren't really worth learning from. Another reason is that I've been on a vacation in Thailand with my family for over ten days. I wanted to focus on spending time with my family.

"A Random Walk Down Wall Street" 1. Either reinvest dividends into asset classes that have become underweight, or allocate new cash deposits into asset classes that have become underweight. 2. Realized losses from selling positions at a floating loss can offset capital gains realized elsewhere in the portfolio. 3. Telling investors there's no hope of beating the average index is like telling a 6-year-old child there's no Santa Claus. It robs them of the fun in life. 4. In the end, investing is truly an art. You need a certain talent, and you also need the appearance of a mysterious force called luck. Actually...

Wait a bit more for "A Random Walk Down Wall Street". 1. Never pay more for a stock than its solid fundamental value can reasonably justify. 2. Limit purchases to companies whose earnings growth appears likely to exceed the average for at least five consecutive years. 3. It helps to buy stocks on which investors can build castles in the air above their expected growth story. 4. Therefore, my advice is to ask yourself: Can the story of the stock you hold capture the public's affection? Can an infectious dream spring from this story? Can investors build castles in the air upon this story...

On vacation abroad, posting not timely Sawasdee "A Random Walk Down Wall Street" 1. In your investment portfolio, never take on the same risk as your primary source of income. 2. A specific need must be funded by a specific asset dedicated to meeting that need. 3. I recommend that when investors build their portfolios, they should use a broad-based total stock market index fund, rather than selecting individual stocks. I give this advice for two reasons. 4. Science fiction writer Theodore Sturgeon created Sturgeon's Law...

"A Random Walk Down Wall Street" 1. Only those who are planning to sell stocks in the near future should be happy when they see stock prices rise. Those who may buy stocks in the future should actually prefer falling stock prices. 2. For the stock market as a whole, Newton's law of universal gravitation has always played out in reverse: what goes down must come back up (though this may not apply to individual stocks). 3. There is a very simple investment strategy known as rebalancing asset class weights within a portfolio. 4. We all wish for a little genie who could reliably tell us how to "buy low and sell high," and the strategy of systematic adjustment of asset weights...

$Amazon(AMZN.US) $Cleveland Cliffs(CLF.US) $Novo Nordisk AS(NVO.US) A Random Walk Down Wall Street 1. There are two times in a man's life when he should not speculate: when he can't afford it, and when he can. — Mark Twain 2. One key opens one lock, one key strikes one note. A person must formulate different investment strategies according to the different stages of their life cycle. 3. At different stages of your life, the most important investment decision you make may be how to balance asset classes...

"A Random Walk Down Wall Street" 1. The valuation theories developed by economists and the track records of professional investors all lead to the same conclusion: there is no surefire path to wealth, nor an easy and smooth road. To achieve high returns, one must only take on high risks (and perhaps also accept lower investment liquidity). 2. Those who correctly understand the past are often not pessimistic about the present. 3. Stock investors purchase ownership shares in companies with the aim of obtaining a growing stream of dividends. 4. Therefore, company management that acts in the interests of shareholders will be more willing to repurchase shares...

"A Random Walk Down Wall Street" 1. Defining clear investment goals is an indispensable part of the entire investment process, but too many people skip this step, resulting in catastrophic losses. 2. People do have some peculiar tastes, but my advice is: you should buy things because you love them, not because you expect them to appreciate in value. Don't forget that counterfeits and imitations are everywhere. 3. I would steer clear of cryptocurrencies, non-fungible tokens (NFTs), and other things that have attracted social media attention. These things exist for gamblers. 4. When designing a wise investment strategy...

$Cleveland Cliffs(CLF.US) $Amazon(AMZN.US) are finally performing well for once.$Novo Nordisk AS(NVO.US) continues to underperform. "A Random Walk Down Wall Street" 1. The secret to getting rich slowly (but surely) is that compound interest works wonders. Albert Einstein once described compound interest as "the greatest mathematical discovery of all time." 2. If you're looking for get-rich-quick investment strategies, this book isn't for you. Leave the schemes for overnight riches to the charlatans and con artists. If you believe them, you'll only get poor quickly...

"A Random Walk Down Wall Street" 1. To avoid turning paper losses into reality, and to avoid having to admit their investment failures, investors may refrain from selling stocks or funds that have fallen in price. However, investors are generally willing to sell their winning stocks, as this allows them to enjoy the sense of success from being right. 2. Also remember: never believe anything said by someone caught up in a temporary frenzy. 3. Investors should also never forget an old adage: "If something seems too good to be true, it probably is." 4. For investors...

$Cleveland Cliffs(CLF.US) $Novo Nordisk AS(NVO.US) $Amazon(AMZN.US) "A Random Walk Down Wall Street" 1. Many investors may feel that if they hold onto a losing position, they will eventually make back the money they lost, thus avoiding regret. Investors often hold onto losing positions and sell winning ones, a tendency that may be driven by pride and regret. 2. Selling a stock that has risen allows an investor to realize a profit and builds a sense of pride. If they sell a losing stock...

$Amazon(AMZN.US) $Novo Nordisk AS(NVO.US) $Cleveland Cliffs(CLF.US) "A Random Walk Down Wall Street" 1. Additionally, generally speaking, men exhibit far more overconfidence than women, especially when it comes to superior skills in money management. 2. People tend to attribute good outcomes to their own abilities, while blaming bad outcomes on unusual external events. 3. "There is nothing so disturbing to one's well-being and judgment as to see a friend get rich...

$Cleveland Cliffs(CLF.US) $Novo Nordisk AS(NVO.US) $Amazon(AMZN.US) LOL 😆 "A Random Walk Down Wall Street" 1. In statistical terms, the covariance of the two companies' returns is negative. As long as there is a lack of co-movement in the profitability of individual companies within the economy, diversification can reduce risk. 2. Using a theory that is only correct half the time to guide practice is less economical than flipping a coin. 3. Roughly speaking, there are four factors that allow irrational market behavior to exist...

"A Random Walk Down Wall Street" 1. It is extremely difficult for securities analysts to fulfill the basic duty of forecasting a company's profit prospects. If investors blindly trust the predictions of securities analysts when making investment choices, they will be greatly disappointed. 2. No matter how professional someone is, we should not take it for granted that their judgment is reliable and accurate. 3. Securities analysts traditionally rarely advise investors to sell stocks, which shows they have close ties with the investment banking business. The ratio of buy to sell recommendations has always been skewed towards buying because analysts do not want to offend the companies involved in their recommendations. 4. Analysts are paid...

"A Random Walk Down Wall Street" 1. Any pattern in the stock market that can be discovered and used to generate profits will inevitably self-destruct. This is the fundamental reason why I firmly believe that no one can consistently use technical methods to achieve above-average returns in the stock market. 2. Various technical theories only enrich those who create and market technical services, as well as the brokerage firms that hire technical analysts. These brokerage firms hope that the analysts' analysis will encourage investors to trade more frequently, thereby generating commission income for them. 3. It should be remembered here that those who engage in market timing will inevitably take risks...

Recently lost so much that I can't even focus on reading, haha. Both assets and returns are at new lows. Might as well go play some ball.$Amazon(AMZN.US) $Novo Nordisk AS(NVO.US) $Cleveland Cliffs(CLF.US) 《A Random Walk Down Wall Street》1. All other things being equal, the less risky a company's stock, the higher the price rational investors (as well as risk-averse investors) should be willing to pay. 2. All other things being equal, the lower the market interest rate, the higher the price rational investors should be willing to pay for stocks...

$Cleveland Cliffs(CLF.US) $Novo Nordisk AS(NVO.US) $Amazon(AMZN.US) Amazon has fallen for nine consecutive days, which I didn't expect. I'll continue holding. "A Random Walk Down Wall Street" 1. Albert Einstein once described compound interest as "the greatest mathematical discovery of all time." 2. There's a useful rule called the "Rule of 72" that allows you to easily know how long it will take for your money to double. Divide the number 72 by the interest rate you receive, and you'll get the number of years it will take to double your money...