---
type: "Topics"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/topics/38800516.md"
description: "1. Buffett's greatness isn't in his returns, but in **"not losing + consistently making money"**Buffett's long-term annualized returns are roughly:10%～20%It really doesn't look high.But his terror lies in two points: - Almost never suffers major losses- Consistently makes money for decades The power of compound interest is:No drawdown + Time = Nuclear weapon.   2. Ordinary people: Making 50% in a year is very common; But losing 50% once wipes out all the previous gains.Let me do the harshest calculation for you: - Make 50% this year: 10,000 → 15,000- Lose 50% next year: 15,000 → 7,500 You made more than Buffett in one year,But after two years, you're down 25% overall. Buffett is:Making small gains every year, almost never losing.Ordinary people are:Making huge gains when winning, but getting wiped out when losing.   3. The real difference: Buffett pursues "certainty" Ordinary people pursue "excitement" - Buffett: Buys good companies, holds for long, doesn't mess around- Ordinary people: Chase hot trends, trade short-term, play options, go all in Slow is fast,Steady is profit. If you aim to double your money in a year,The end result will definitely be:Big rise → Big fall → Back to zero.   4. The most essential sentence: Return rate determines the ceiling,Drawdown rate determines if you can live to old age. - Buffett: Small drawdowns, lives long, fully benefits from compound interest- Ordinary people: Large drawdowns, don't live long, can't benefit from compound interest Making a lot in one year is useless,Making money every year is what's truly great.   Finally, back to your current strategy: Regularly investing in quality ETFs, not touching individual stocks, not touching options, holding long-termWhat you're doing is the ordinary person's version of Buffett: - Not seeking huge profits- Only seeking stability- Not losing big money- Relying on time and compound interest Your path,99% of people look down on it,But 99% of people can't do it,In the end, only you can steadily make money."
datetime: "2026-02-20T10:55:27.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38800516.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38800516.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38800516.md)
author: "[浩浩荡荡](https://longbridge.com/zh-HK/profiles/19784218.md)"
---

> 支持的語言: [English](https://longbridge.com/en/topics/38800516.md) | [简体中文](https://longbridge.com/zh-CN/topics/38800516.md)


# 1. Buffett's greatness isn't in his returns, but i…


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