《Long Victory》 Author: To invest well, you need five abilities:
First: the ability to see through phenomena and grasp the essence of problems. People with this ability are rare. To invest, you must have the ability to capture the essence of a problem from among many complex phenomena, and to filter out noise—grasp the real trends.
Second: independent thinking ability.
Third: sufficient confidence.
Fourth: open-mindedness and humility; keep an open mindset.
Fifth: resilience.
For investors, resilience is extremely important—you have to be able to withstand blows, not be killed or knocked down.
When others are in despair, you must always have confidence and strength for the future. This confidence and faith are not about blind optimism; it means you firmly believe that this thing’s development has cycles.
No matter how long the night is, it will eventually come when the sun rises.
No matter how cold the winter is, it will eventually come when spring brings warm flowers.
Why is resilience especially important for most investors, especially those who lack resilience to invest?
Because all the knowledge and skills we gain in investing are certainly obtained through reflecting on difficulties and failures. You can’t acquire knowledge and rewards through success alone. After one failure, and then a second, you can still continue to love this industry; you can still have confidence and faith in your future, and you can keep summarizing methodologies.
First: the ability to see through phenomena and grasp the essence of problems. People with this ability are rare. To invest, you must have the ability to capture the essence of a problem from among many complex phenomena, and to filter out noise—grasp the real trends.
Second: independent thinking ability.
Third: sufficient confidence.
Fourth: open-mindedness and humility; keep an open mindset.
Fifth: resilience.
For investors, resilience is extremely important—you have to be able to withstand blows, not be killed or knocked down.
When others are in despair, you must always have confidence and strength for the future. This confidence and faith are not about blind optimism; it means you firmly believe that this thing’s development has cycles.
No matter how long the night is, it will eventually come when the sun rises.
No matter how cold the winter is, it will eventually come when spring brings warm flowers.
Why is resilience especially important for most investors, especially those who lack resilience to invest?
Because all the knowledge and skills we gain in investing are certainly obtained through reflecting on difficulties and failures. You can’t acquire knowledge and rewards through success alone. After one failure, and then a second, you can still continue to love this industry; you can still have confidence and faith in your future, and you can keep summarizing methodologies.