Investment is the realization of knowledge, the mistakes Buffett once made.
Hello mooers~
Today, I will take you to learn about Buffett's self-reflection. This article is selected from Buffett's 1989 letter to shareholders, where the old man reflects on the first 25 years of his investment career. The first mistake:Only buying because of the cheap price.In a struggling company, one problem is not solved, and another one emerges - there will definitely not be only one cockroach in the kitchen.问题In a struggling company, one problem is not solved, and another one emerges - there will definitely not be only one cockroach in the kitchen.The horse is not good, even with a good rider.Buying an extraordinary company at a general price is much better than buying an ordinary company at an extraordinary price.Buying an extraordinary company at a general price is much better than buying an ordinary company at an extraordinary price.Buying an extraordinary company at a general price is much better than buying an ordinary company at an extraordinary price.
Today, I will take you to learn about Buffett's self-reflection. This article is selected from Buffett's 1989 letter to shareholders, where the old man reflects on the first 25 years of his investment career. The first mistake:Only buying because of the cheap price.In a struggling company, one problem is not solved, and another one emerges - there will definitely not be only one cockroach in the kitchen.问题In a struggling company, one problem is not solved, and another one emerges - there will definitely not be only one cockroach in the kitchen.The horse is not good, even with a good rider.Buying an extraordinary company at a general price is much better than buying an ordinary company at an extraordinary price.Buying an extraordinary company at a general price is much better than buying an ordinary company at an extraordinary price.Buying an extraordinary company at a general price is much better than buying an ordinary company at an extraordinary price.
The second mistake: IgnoredHabitual rule. There is an invisible force that has a significant impact on companies, we can call it "habitual rule".For example, any leader's actions, not matter how absurd, subordinates will quickly produce detailed ROI and Global Strategy research to support it.We do not want to associate with those managers who lack respectable character, no matter how attractive their company's prospects arelack of respectable qualitiesShareholderhow appealing。
On the road of investing, everyone needs to constantly evolve in order to find the direction that suits them.
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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