Value Investment for Friends of Time
Abstract: People can choose many lifestyles in their lives. Traditional Chinese thoughts emphasize "If you are poor, you will be safe, and if you are prosperous, you will help the world." In my opinion, if you still create value between poverty and prosperity, it will definitely be more meaningful. Compared with success, the process of continuous growth is more memorable. People receive experience, choose challenges, and constantly explore in society. Just like scientists explore in the field of natural sciences, discovering value and creating value are of great significance.
I am willing to be a continuator of classical traditions and practitioner of Chinese philosophy, an explorer of value investment concepts, an innovator full of modernist ideals, and an investor who adheres to optimism, but what I want to be the most passionate, helpful, warm and kind person.
I often reflect on some fundamental issues, such as what kind of social force should capital play in the modern economic society? Since the 21st century, more and more people have begun to reflect on the attributes of capital. What kind of balance should be made between man, society, nature and capital? Should we think from a longer-term perspective whether there is a better business paradigm to achieve longer-term, more sustainable and healthier social development by maintaining the right level?
's reflection on the power of capital can help us not be controlled by capital. One of the most important functions of capital is to price assets in society through capital allocation, and once this pricing is distorted, many economic problems will arise. If the capital allocation achieved through investment cannot promote the harmonious development of man, society and nature, but pushes society into a whirlpool of barbarity, indifference, and waste, people cannot obtain the rights they deserve with economic development, and enterprises lose the social environment on which they rely on, then what is the significance of such capital?
value investment developed in China's unique historical, social and economic environment inherits the basic theory of modern Western financial investment and integrates many cultural connotations of Eastern philosophical thinking. True value investment should abandon the so-called success method through precise calculations. No matter what financial cycle is in, whether there is a bubble in the economy or whether value investors should rely on the endogenous growth of the company to obtain investment returns, and cannot rely on risk preferences or valuation doubling. The capital that provides solutions should shift from capital-based investment to operational-based empowerment. True good capital should consider the relationship between short-term and long-term, local and overall, individual and general, random and regular, think about the overall value from a more rational perspective, and focus on innovation in universal meaning. Among all value dimensions, there are not only financial capital (shareholder interests), but also considerations from various angles such as human capital (worker interests), social capital (public interests) and natural capital (natural ecological resources). A feasible new rule should be committed to overall prosperity and development, and should not be a zero-sum game at the expense of some people and should not be a zero-sum game. The best capital allocation should be to adhere to long-termism, which is conducive to innovation in the universal interests of society to take risks, so as to achieve overall progress in social welfare.
The relationship between individuals and the times also needs to be thought about frequently. Survivors of primitive society often rely on strong bodies, while the best in feudal society often rely on family background and blood relationship, and occasionally someone can get fame through hard work; while modern times are very different from the past. Born in modern society, we have encountered the best era, and can change our destiny by receiving education, learning knowledge and exploring and innovation.
Many great entrepreneurs create good products, good services, and good life experiences for society through a more efficient organizational model, and good business itself is the power to heal the world. At the same time, there are still many problems in society that cannot be bridged through commercial power. At this time, public welfare, as another force, plays an indispensable role in helping the government and society solve problems that should be solved. Tao Yuanming wrote, "With the waves and the waves are transformed, we are neither happy nor afraid.You must do everything you should do, and you will never worry about it alone." Value investment can be used to make both commercial investment and take responsibility in a broader field, make donations in education, science, poverty alleviation, etc., and support and sponsor social enterprises to create more and more important values.
Nagging: After thinking so much, you can clearly find that in the scope of long-termism, doing charity and value investment will be the same. Any wealth is given by the times, so we must make good use of these wealth. The key is "the wonderful use lies in one mind", maintain inner balance and peace, and open up "Ren and Du meridians" are ultimately the heavy sword without a sharp edge.
The investment made by investors may not be the fastest way to make money, nor may it be the path to make money the most, but this is the path to allow investors to gain spiritual tranquility. After obtaining spiritual tranquility, miracles will be born, and they can continuously create value and give back to society. This is not only to realize the original intention of oneself, but also to open a virtuous cycle of mutual promotion of knowledge and wealth.
" It has not yet been pacified, but it is the world in the blink of an eye. I hope to go through thousands of sails and return to a young man." After years of investment, I have become more and more aware that the way is simple. Whether facing entrepreneurs, consumers, or investors, everything I insist on has never changed. I pursue the truth and pursue value creation. The world does not speak, and the four seasons go; time does not speak, and I sincerely learn from it. The ancients said: "Life between heaven and earth is suddenly like a traveler who travels far away." I hope that in the long-term practice of practice, I will search for all things to flow, narrow the rules, be friends of time, and return to my calmness in my heart.
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