1
Nowadays, various countries have started printing money . Whether it is Japan, the United States, or Europe, the scale of opening the floodgates has reached an unprecedented level. The scale of currency we are now issuing is unprecedented. We know that those countries that used to issue excessive amounts of money ended up not doing well. Maybe we are not far from suffering retribution, maybe we can survive for a long time, I hope we can be safe.
—Charlie Munger
2
As a person, you must do something that cannot be copied or replaced.
But if you want to make more money, the money-making model must be replicable and expandable on a large scale.
3
What is a trend?
What the country supports is a trend.
What the country opposes is not a trend.
Investment must go with the trend, not against it.
I think whether it is stocks, , or houses
guessing the rise or fall is gambling in itself.
When we make investments, we need certainty. What should we do if it goes up, what should we do if it goes down, and what should we do if is a black swan or ? Just like in a war, you can't always expect total victory.
But think about what route you should take if you escape.
Waiting for the bull market needs seven or eight years of preparation to deal with it. For example, if the Japanese invaders are coming, we must start preparations in 1931. In 1937, we had trenches and equipment, so we just had to fight slowly.
You can't prepare until the market comes.
Therefore, the days when the stock market does not improve are the days when we dig trenches.
Bury the funds in advance
Waiting for
The real bull market will come, and you will not be prepared for opportunities.
It is enough to seize two or three opportunities in your life.
making money is far less than making money with this kind of certainty.
Let me give a very simple example, if the stock market can return to the height of 2020.
we doubled
will it come back?
will definitely do it.
What if it is a band?
must be inaccurate. Even if it is eaten, it will only be a small part.
4
Ten million newborns are too few, and ten million college students are too many.
Newborns represent gold-eating beasts ; while college students represent employment positions.
Newborns create jobs, but college students consume jobs.
To solve the employment problem, we must rely on industrial upgrading to create high-end jobs, and the money for upgrading will come from real estate.
First- and second-tier cities continue to sell land, engage in industrial upgrading, and attract talents from across the country. Quantitative changes lead to qualitative changes.
Housing prices in the first and second tiers will continue to rise in the future, while prices in other cities will continue to fall.
5
When something has formed a relatively stable profit industry chain, the difficulty of eliminating it will increase exponentially.
6
Many people don’t understand what is right and wrong. What big right and wrong means is who has the ability to reduce the operating and management costs of social organizations, increase organizational efficiency, make money faster, and have a stronger ability to suck the blood of other countries. That is the wise king, the general trend, and the vast power. If you insist on confronting them, you will die if you defy nature.
7
Tengger Desert in Ningxia Zhongwei, I was lucky enough to encounter the very spectacular Huoshaoyun!
Shooting: A7R4a+24-70 GM II
Parameters: ISO100 f16 1s 31mm
Post-production: XPS17, PS+ACR+Nik+Topaz
8
Ren Zhengfei: Encourage scientists and experts to come to Huawei to "talk nonsense" and freely discuss scientific and technical issues as long as they do not involve social science issues. What Huawei needs most is the small part that cannot be seen. Huawei wants to see "the green hills beyond the mountains and the buildings outside the buildings."
9
The best way to obtain valuable information is to become an information platform. If you want to attract better connections, you should become this connector. You are a giver, you are a communicator, you are a communicator, your value is fully demonstrated in this process, and high-quality people and high-quality information will gather here. Many people don't like to contribute to others, many people like to live in a corner, and some like to free ride. These are all things that have not been thought clearly. Only by standing out and becoming an active devotee can you be seen by truly valuable people.He sees your character and your abilities, and he has a sense of giving back. Whether in the community, in the community, in the group, or in the unit, there are always some people who happily serve everyone. As long as the group is valuable, these people who serve must be the smartest. Just click on it and try it.
10
Behavioral psychology explanation Stock trading This behavior is reinforced by changing ratios, and you will do it endlessly when you lose money. Biobehavioral psychology explains that stock trading (especially day trading) and drug abuse will secrete a large amount of dopamine .
11
unanimously lamented that the old mother earth is really the big boss. She keeps playing infinite games. No matter what kind of creatures prosper or become extinct, the earth will always be full of vitality. Investment also requires playing an infinite game. The main purpose is not to make profits, but to keep playing.
Investment becomes a part of life, without boundaries, constantly breaking through boundaries, maintaining a broad and free vision, and participating with a completely open mind; maintaining diversification and redundancy; constantly improving and revising strategies, growing with an evolutionary mentality, and continuing to gain new understanding and understanding of everything that is already familiar and owned.
12
A girl told me that she wanted to find a man who makes millions a year.
With this year’s economic situation, I don’t know where to look?
Many bosses have gone bankrupt in the past few years. Those who have not gone bankrupt have business loans, mortgage loans, or even selling houses to support themselves.
A few days ago, I was chatting with a netizen who made millions in previous years. Of course, she is married, and she said that it would be fine if she makes no profit or loses this year.
Many bosses around her are selling their houses and villas to collect cash flow to maintain the normal operation of the company.
13
The city sent away cheap migrant workers, but welcomed cheap college students. In third- and fourth-tier cities, and even some provincial capitals, you can find a college student with a salary of 3,000 yuan.
This group of cheap students are the children of college students who were painstakingly trained by the cheap migrant workers with low wages.
This group of cheap students have to work in every corner of the city in 996, 007, and 886 mode, earning a low salary to live.
14
"Perhaps money can give the fairest price to every effort, but the money that passes through is fleeting. What can best fulfill us in this world is those blazing and untainted sincerity." I still feel that " Sister Tao " is Andy Lau 's best work. It is calm, deep and warm
15
Cheng Lingxu: On June 15, 1215, King John of England signed the "Magna Carta " under the coercion of the nobles. It symbolizes that "the king is under the law" and power is locked in a cage. Humanity started modern civilization... At that time, China was in the Song Dynasty .
Why did " industrial revolution " happen in the UK? Rather than happening in France, Portugal, and Italy, where commerce and trade are more developed than in Britain? Personally, I think it is precisely because the Magna Carta clearly protects "private property." "The wind can enter the house of the poor, the rain can enter, but the king cannot enter."
16
html The market order in 2014/15 is like this. The concept of speculation first reorganizes and grows, and the index slowly rises until the end of 2014. During this period, the insurance bank brokerage did not move at all. At the end of the year, it suddenly went crazy, and the empty funds added leverage to engage in heavyweight stocks , the index soared. Due to the fierce investment of funds in weighted small-cap stocks collapsed, but the weighted market ended in a month and a half. After that, funds turned to small-cap stocks and speculated wildly. The China Securities Regulatory Commission actually took some measures to cool down at the time, such as checking the capital allocation. However, at that time, an ambitious article about the new starting point of the bull market made the newly cooled emotions explode again. You all know what happened next. The current rhythm ofis basically the same, but it is many times faster. The rhythm of half a year in the past is now completed in about a month, so this time it may be a mini version of the 14/15 market, and there is still a big article left.
17
You imagine the financial markets as another world. We are living in it, roughly the people of the feudal era.
After long-term observation, we have concluded that the world has four seasons.That is to say, there will be cold winter, hot summer, and comfortable spring and autumn .
In this way, you will not be afraid and scared due to the coming of severe cold. You won’t starve to death because you didn’t prepare food for the winter in advance. Likewise, you don’t think that the world will always be about harvest festivals, cocktails and bikinis on the beach because of the summer’s harvest and heat waves.
The seasons change, how normal. That's the rule. Find the rules, respect the rules, and use the rules. Of course, not everyone entered the feudal era. Most people were still happy-go-lucky during the Paleolithic era.
The reason why it is only in the feudal era is because we do not know the real principles behind the intricate financial markets - laws similar to the theory of relativity and even the laws of classical physics have not been discovered. We are just observing, summarizing, and using phenomena.
It is precisely because this is a world that there are ferocious ligers , groups of hyenas , and even the prehistoric giant Tyrannosaurus rex . But this does not affect the reproduction of the clever antelope and the kind little white rabbit .
Every creature, as long as it finds the secret to living in this world, can survive, spread its branches and spread its branches, and live under one roof for four generations. The essence of
is this. How the world operates is how financial markets operate. The world will encounter an ice age, and asteroids will hit the earth and wipe out the most ferocious creatures. But life will continue, find your own way, and live on no matter what happens.
18
respect the market and fear the market.
Never think you are smarter than the market. The market is always the smartest.
Of course, markets can become sick and insane at extreme times. At this time, if we are rational, we can obtain some excess returns.
But most of the time, the market is the smartest. Never think too highly of yourself.
19
A basic characteristic of startups is that they cannot expect to enter the "auto-cruise" state.
----Excerpted from "Meituan Wang Xing's Entrepreneurship Notes"
20
Today's exercise is nil, these days are replaced by annual data (listen to others' advice, eat enough! Experts recommend not to exercise strenuously after you are pregnant)
※The above content is an excerpt from reading notes. The excerpted text comes from public accounts, Moments, group chats, Weibo , books, etc. The original sources cannot be recorded one by one, so most of them do not indicate where they were taken from, and are infringed and deleted.
