Timsum
2022-04-27

nice
@Wayneqq：
Sometimes the simplest advice or actions are the most difficult simply because it is against our human nature to do it.. Humans are emotional beings and a lot of actions happen because our emotions overrode our logical mind to act.. Buffett always say buy companies below intrinsic value.. but when you see people buying way above intrinsic and the price continues to goup and they sold at even higher value and made a tidy sum.. that FOMO emotion is likely to overrule any rational and logical mind.. Buffett also say be prepared to buy and hold great companies forever... how many people can actually do that in real life.. Firstly.. to identify a great company is not easy.. then you have to buy at below intrinsic value.. an exercise of patience.. after which you have to hold it through the ups and downs of Mr Market.. which one can experience ups and downs of more than 50%.. Again.. not many people have the fortitude to do that.. So yes.. simple words.. simple logic.. but unless one has the right training.. can find the right opportunities.. and have diamond hands.. it is not easy to follow Buffett..
Sometimes the simplest advice or actions are the most difficult simply because it is against our human nature to do it.. Humans are emotional beings and a lot of actions happen because our emotions overrode our logical mind to act.. Buffett always say buy companies below intrinsic value.. but when you see people buying way above intrinsic and the price continues to goup and they sold at even higher value and made a tidy sum.. that FOMO emotion is likely to overrule any rational and logical mind.. Buffett also say be prepared to buy and hold great companies forever... how many people can actually do that in real life.. Firstly.. to identify a great company is not easy.. then you have to buy at below intrinsic value.. an exercise of patience.. after which you have to hold it through the ups and downs of Mr Market.. which one can experience ups and downs of more than 50%.. Again.. not many people have the fortitude to do that.. So yes.. simple words.. simple logic.. but unless one has the right training.. can find the right opportunities.. and have diamond hands.. it is not easy to follow Buffett..

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