12 of investor Li Lu’s most representative quotes. Although they sum up his experience with stocks, I think they apply to all cryptocurrency projects $XRP , $SOL , and $LINK , provided you are a long-term investor.
1. A stock represents partial ownership of a business
Buying stocks is essentially buying a company and making yourself one of its owners.
2. The market is there to serve you.
Price fluctuations should create opportunities for you, not dictate your emotions or investment decisions.
3. A margin of safety.
Investing always involves uncertainty. Even if your predictions are wrong, you should still be able to survive.
4. Know where your limits are.
What’s truly dangerous is often not what you don’t know, but what you don’t know you don’t know.
5. Fish where the fish are.
Go where there are opportunities—in industries, markets, and companies where opportunities are more likely to arise.
6. Wealth is your share of global purchasing power.
How much cash, gold, or a particular currency you own is ultimately measured by how many goods, services, and productive capacity your assets can buy.
7. Know what you don’t know.
Be honest about the limits of your knowledge.
8. Participate in value creation.
Holding a business for the long term means sharing in the value it creates.
9. Value investing is a practical discipline.
Stay rational, exercise restraint when popular assets are soaring, and be willing to wait when there are no opportunities.
10. Fewer than 5% of market participants are value investors.
Very few people are willing to think independently over the long term, tolerate being different from the majority, and invest only within their circle of competence.
11. The existence of an “ignorance tax.”
If you don’t understand what you’re buying and constantly chase information and trends, you can end up paying the financial industry trading fees, management fees, and all kinds of hidden costs again and again.
12. A journey toward lower entropy.
Investing forces a person to keep learning, think rationally, correct mistakes, and resist emotions and human weaknesses.
1. A stock represents partial ownership of a business
Buying stocks is essentially buying a company and making yourself one of its owners.
2. The market is there to serve you.
Price fluctuations should create opportunities for you, not dictate your emotions or investment decisions.
3. A margin of safety.
Investing always involves uncertainty. Even if your predictions are wrong, you should still be able to survive.
4. Know where your limits are.
What’s truly dangerous is often not what you don’t know, but what you don’t know you don’t know.
5. Fish where the fish are.
Go where there are opportunities—in industries, markets, and companies where opportunities are more likely to arise.
6. Wealth is your share of global purchasing power.
How much cash, gold, or a particular currency you own is ultimately measured by how many goods, services, and productive capacity your assets can buy.
7. Know what you don’t know.
Be honest about the limits of your knowledge.
8. Participate in value creation.
Holding a business for the long term means sharing in the value it creates.
9. Value investing is a practical discipline.
Stay rational, exercise restraint when popular assets are soaring, and be willing to wait when there are no opportunities.
10. Fewer than 5% of market participants are value investors.
Very few people are willing to think independently over the long term, tolerate being different from the majority, and invest only within their circle of competence.
11. The existence of an “ignorance tax.”
If you don’t understand what you’re buying and constantly chase information and trends, you can end up paying the financial industry trading fees, management fees, and all kinds of hidden costs again and again.
12. A journey toward lower entropy.
Investing forces a person to keep learning, think rationally, correct mistakes, and resist emotions and human weaknesses.
link
sol
xrp
17 hr(s) left