#ETH Berkshire Hathaway? Buffett once said: A person only needs to get two things right in a lifetime to become extremely wealthy. Most people’s downfall is not because they aren’t hardworking enough, but because they love busying themselves with nonsense—chasing every trend today, switching tracks tomorrow, and treating investing like a casino. Buffett and Munger can go for years without buying anything, simply sitting quietly to read and think. In their lifetime, they actually got two things right: First, they found hard-core businesses that can stand the test of time—where the simpler the structure, the better; ideally they are necessities, monopolies, and major players tied to the lifeblood of the national economy and people’s wellbeing. You don’t need to be extremely smart—you only need extreme certainty. Second, once they buy, they hold on with a death grip. Compounding needs time to ferment and take effect. It’s like making wine: if you open it today, check it tomorrow, and taste it again and again, you’ll never make good wine. But most people, when the price goes up they want to sell, when it drops they panic and cut—staring at the market every day, carelessly paying fees for nothing. Those who trade frequently often end up driving a Ferrari in and riding out on a bicycle. And in this market, the ones who make big money are never the maniacs with the fastest hands, but the hunters who can sit still the longest. The core difference between the rich and the poor is never who’s smarter—it’s who can endure more, reduce useless actions, stand in the right position, and wait calmly for compounding to explode!