Investment Philosophy

1. The greatest pleasure for a money player is to win. The second pleasure is to lose. Not losing means there is no difference, and thus no enjoyment.

2. One cannot teach economics; it must be experienced firsthand and survived.

3. A successful speculator must be a keen political analyst and a well-trained mass psychologist.

4. There are two types of people in the stock market: one is the steadfast who remains unmoved, and the other is the timid who is easily swayed by every breeze.

5. Those who do not hold wheat when it falls will not have wheat when it rises.

6. Describing the relationship between the stock market and the economy, he likens the stock market to a dog and the economy to the dog's owner. The owner walks the dog, which may run ahead or lag behind, but the owner walks steadily forward. If the dog gets too far ahead, the owner pulls the leash to bring it back; if it falls behind to urinate and does not move, the owner also pulls the leash to make it catch up. This is the relationship between the stock market and the economy.

Advertisement

7. In the world of speculation or the human world, where is it not the case that the winner is king and the loser is a bandit? Losing means not being able to prove oneself as a qualified master. One must now be a subordinate; the master is an independent speculator, while the subordinate is just a small cog in the company's operations.

Ten Investment Techniques1. Have a clear opinion, think thrice before deciding whether to buy, if so, where? What industry? Which country?

2. Have sufficient funds to avoid being under pressure.

3. Be patient, as nothing is predictable and the direction of development is different from what everyone thinks.

4. If you believe in your judgment, you must be steadfast.

5. Be flexible and always consider the possibility of being wrong in your thoughts.

6. If a new situation arises, it is time to sell.

7. Regularly review the list of purchased stocks and check which stocks can still be bought.

8. Only buy when you see a promising long-term outlook.

9. Consider all risks, even the most unlikely ones, meaning; always keep in mind that there are unforeseen factors.

10. Even if you are right, remain humble.Ten Don'ts of Investing

1. Don't follow advice blindly, and don't expect to hear secret information.

2. Don't believe that sellers know why they are selling, or that buyers know why they are buying, in other words, don't trust that they know more than you do.

3. Don't think about recouping losses.

4. Don't consider past indices.

5. Don't rest on your laurels with securities, and don't forget about them in the hope of achieving better indices, in other words, don't be indecisive.

6. Don't constantly monitor minor index changes, and don't react to every little fluctuation.

7. Don't draw final conclusions after just making a profit or a loss.

8. Don't sell stocks just to make a profit.

9. Don't let your emotions be swayed by political likes or dislikes.10. When making a profit, do not be overly arrogant.

Wisdom Summary

1. I am neither the master of anyone nor the servant of anyone; that is my achievement.

2. No matter where you press a button in any corner of the world, it can be felt five thousand kilometers away; this is the stock market, where stock markets around the globe are interconnected, forming a system that relies on each other. (Could this be the quantum entanglement of the stock market?)

3. The root cause of pessimism actually lies in the character of the stock players themselves. They do not think much with their heads, nor do they care much about the true meaning behind major stock market events. They just want to take a favorable step through buying and selling operations and survive in the gamble.

4. Low interest rates mean more cash flow, which is the best bullish factor for the stock market.

5. A successful investment advisor must have a somewhat arrogant personality, even with a tendency to look down on other investors, in order to keep oneself clear-headed and not change one's view of the stock market trend due to others' temporary emotional reactions, but also not to appear too arrogant.

6. Gather the people with the highest IQ in one room, and the result shows that impulsive emotions overcome rational thinking.

7. The prosperity of an industry determines the performance and future profitability of stocks. Those who can foresee the prosperity of a certain industry several years in advance can make a fortune from it.

8. Always remain worried, but never panic.9. Only long-term investment and contrarian operations can make big money in the stock market.

10. A speculator is not an encyclopedia, but he must observe correlations at critical moments and make appropriate decisions.

11. In the first phase of an uptrend, continue to increase positions; in the second phase, be an observer, passively follow the market fluctuations, and in the third phase, exit from the overheated atmosphere and take profits.

12. The benefits a speculator gains from the foolishness of others are often greater than those obtained by their own wisdom; one can learn from the foolishness of others.

13. Please continue to stay invested in valuable securities! Find an experienced professional to help you select them; this will be a very good investment direction.