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What is the most important thing in investment?

There is a saying in the stock market: Seven losses, two draws and one profit. In other words, about 91% people can't make money in the stock market. Don't say I don't know, it's really shocking to say it.

what is the reason for such a high proportion? Maybe you will think that they accidentally bought stocks with a downward trend. They didn't use technology to analyze and judge, but listened to the news and felt that they didn't stop at the stop loss and so on.

many years ago, I sold a house and got a sum of money. In order to make Qian Shengqian, I bought several stocks with hearsay skills. In the following days, my heart went up and down like an elevator, either buying at a high point or selling at a low point, resulting in a loss of 21%.

this bloody lesson can be said to be caused by ignorance. Where is ignorance? That is, I have never studied the knowledge of investment at all. I operate by feeling, lack correct thinking and think independently.

Mr. Buffett said that investment success must be combined with brain and heart. If people want to succeed in investment in their life, they don't need top-notch business acumen or confidential information, but need a sound thinking framework as the basis of decision-making, and have the ability to control their emotions so that they won't erode this thinking.

in other words, if we can't think about decision-making actions with our brains and hearts, then we will definitely fail in investment.

Last month, I joined teacher Li Xiaolai's fixed investment life class, and more than 11,111 people * * * read the book "The Most Important thing in Investment" by Howard Marks, and I realized that if we want to achieve investment performance beyond the market average, we must have a different second-level thinking.

as a beginner, I not only sigh, but also wonder when I can practice the second-level thinking!

Fortunately, Mr. Buffett suggested that the best investment learning method for beginners is Taskmaster: "I always think that investors who are just starting out should look for investment methods that have been proved to be long-term successful and effective, and then follow suit. Surprisingly, there are too few people who do this. "

From his own 41-year investment experience of reverse thinking and reverse investment, Howard Max in the book summarizes and refines 18 most important investment things, which are also the 18 most important excellent investment technologies that he thinks, and these are the keys for Buffett and Howard Max, the value investment masters, to achieve excellent performance in beating the market for a long time.

what are the 18 most important excellent investment technologies? The details are as follows:

1. The most important thing is not to blindly believe that the stock market is always effective or always ineffective, but to clearly understand that the stock market is quite efficient and difficult to beat, and only real experts can beat the market for a long time.

2. The most important investment decision is not based on price, but on value.

3. the most important thing is not to buy well, but to buy well.

4. The most important thing is not the volatility risk, but the possibility risk of permanent loss.

5. The most important great risk does not happen when people are afraid, but when everyone thinks the risk is small.

6. the most important thing is not to pursue high risks and high returns, but to pursue low risks and high returns.

7. The most important thing is not the trend but the cycle.

8. The most important thing is not the midpoint of the market psychological pendulum, but the reversal of the midpoint.

9. the most important thing is not to follow the trend, but to follow the trend.

11. The most important thing is not to think of reverse investment, but to do it.

11. The most important thing is not price or value, but cost performance, that is, the margin of safety.

12. The most important thing is not to actively look for opportunities, but to wait patiently for opportunities to come.

13. The most important thing is not to predict the future, but to realize that the future cannot be predicted, but you can make preparations first.

14. The most important thing is not to pay attention to the future, but to the present.

15. The most important thing is to realize that short-term performance depends on luck, while long-term performance depends on technology.

16. The most important thing is not attack, but defense.

17. The most important thing is not to pursue great success, but to avoid major mistakes.

18. The most important thing is not to beat the market in a bull market, but to beat the market in a bear market.

this secret book of "eighteen palms of dragon" for value investors is so easy to understand and practical, but it is not easy to do.

We should imitate and practice attentively like Guo Jing, combine our brains with our hearts, think reversely and invest reversely, so as to achieve investment performance beyond the market average.

The book also says that we should never underestimate the power of psychological influence.

All human behaviors are dominated by emotional factors. Greed, fear, ceasing to doubt, blind obedience, jealousy, conceit and submission are all human nature. Their power to force action is powerful, especially when they reach the extreme and are * * * for the group.

groups will influence others, and thoughtful investors will also be aware of their influence. No one should expect to be immune and insulated from them. The investment master is like this, what's more, we are small investors?

Fortunately, in teacher Li Xiaolai's fixed investment life class, teacher Xiao Lai chooses the investment target. We only need to practice the 12-word values of reading, fitness, investment, helping friends and accompanying family to grow up.

If you want to grow up, please join me as a long-term activist and start a new chapter in your life!

You can also read the book "The Most Important Thing in Investment". Even Mr. Buffett has read it twice, which shows that the content is extraordinary. I hope you can gain something after reading it.