The whole world is like a nail to those who hold a hammer
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The whole world is like a nail to those who hold a hammer
● most of the time of investment is spent waiting. Whether it's waiting for long-term growth with the enterprise after buying or waiting for a more appropriate opportunity to intervene, it's all the same. Time is the basic condition for stewing "wealth and freedom". Can't wait to try to reduce the heat, from slow stewing to hot frying, fast or fast, but it's hard to say what you finally taste.
● 90% of people believe a thing not because it is true, but because they are willing to believe it. The highest level of manipulating the wisdom of the public is to make everyone who is manipulated feel wise. Munger said, "the whole world is like a nail to those who hold a hammer." Everyone lives in his own world. How well he fits the complete real-world depends on how hard it is to put down the hammer.
● in almost any profession, you will constantly meet people who are more professional and smarter than you, and you will be forced to compete with them if you want to reach another level. It seems that there is only securities investment. You don't have to worry about this at all - as long as you make sure you stick to doing the right thing, the best guy can't stop you from succeeding, and you will find that your competitors will never make progress
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