Yuan Tao Jiepan: Finding the right person in life, following the right person in career, and looking at the right person in investment

A few big things in life: finding the right person in life, following the right person in career, and looking at the right person in investment. One is right, guaranteed. One is wrong, regretful. All is right, the sun shines brightly. All is wrong, life is better than death


Every tangled present comes from a hasty past and will lead to a regretful future. Human behavior and thinking have inertia, and it is not easy to completely change them. The longer you go on the wrong path, the harder it becomes to return. So, a truly intelligent person is one who carefully chooses the right direction from the beginning.


There are two tragedies in investment: firstly, always trying to solve all problems and explain all phenomena with one investment method, and being arrogant and unable to tolerate other people and methods; Secondly, always trying to find a perfect investment method, not realizing the inevitability of gains and losses, so looking around and worrying about gains and losses. The first type of person becomes a paranoid person who criticizes the market and claims truth when things go wrong, while the second type of person becomes a wallflower and can never be firm once.


The pig has been flying in the sky for a long time, and it really thinks that it also has a pair of invisible wings. Actually, it's just that the wind hasn't stopped yet. There is no smarter way to gain some fame in this world than to bite in one direction, because you will always do it once, even for a long time. But there is nothing more foolish than to become a smart investor.


Many people like to emphasize that 'investing is simple'. Of course, if you hide the tedious process of data collection and analysis, do not reveal the business logic that advances step by step in the business analysis process, do not show you a lot of thinking process and continuous progress in continuous discussion, and only provide a result and rough reason directly, then it seems to be "very simple" indeed.


Most people always focus on the differences in the final outcome, and many are resentful and lament the unfairness and misfortune caused by it. But if you are also willing to look at the process that causes this difference, it may make people much more sober. Taking investment as an example, if we compare the books read, thoughts written, and hard work put in by outstanding investors, it is estimated that among the losers99%I'm sorry to say anything about this difference. People without introspection, things without good results.


It is inevitable to make mistakes in investment, and the difference lies in the level of error. The difference between a general error, a serious error, and a fatal error is enough to lead to vastly different financial results. General errors that occur in a concentrated manner often turn into serious errors, while stubborn and serious errors can lead to fatal errors. At the beginning of the story, it may be due to professional factors, but the ultimate tragedy is mostly due to personality factors.


Where there are people, there is the world, and the investment circle is no exception. However, compared to other industries, this circle is still much simpler. This is not to say how pure the people in this industry can be, but what sets this industry apart from most is that performance is the absolute truth, and performance is something that cannot be praised or killed by each other.


For ordinary individual investors, our biggest advantage over us lies in focus and time. But these two points happen to be the least valued by retail investors. Almost everything is done, and every day there is impatience. These two points are enough to make a smart person lose their underwear.


Wen/Yuan Tao Jiepan（ytjp390）