2. Set a time limit for investment horizon, drink toward it until reach the destination. The ideal time horizon is 3-5 years, which eliminates the day to day fluctuations in sentiment and allows you to focus on important macroeconomic trends that are the main market force.
3. Find the best company, be the friend of time. That is the best interpretations of Value Investing. The essence of the return on investment is the accumulation of value brought by the management team as the owner of the enterprise.
4. The basic logic of long-term investment is to earn economic growth, industry growth, corporate profit, shareholder dividends, buybacks, they are all about incremental market gains.
5. Investing for the future, try to beat the market even it's hard, considering the market risk, manage the portfolio, evaluation system and methodology. Top companies attract money and intelligence.
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