Seong-lae ChoBuy heavy when rising, sell light when falling, capitalism is first-come-first-served
Most investors dislike selling assets they've grown attached to, especially when facing losses. They view buying as investing in the future, but selling as regret about the past. In other words, they perceive buying as forward-looking and selling as backward-looking. However, selling is important, and you should pay particular attention when analysts who find it difficult to issue sell recommendations do issue sell opinions.
- You need to make money work even while you sleep so you can work less.
- Don't try to fight with market. Financial markets are driven by information
- Investment itself means the holding ratio of various assets whose relative values change
- The three pillars of investment: investment strategy, risk management, and investment psychology working in harmony create wealth
- All investments are subject to the principle of investor self-responsibility
- It's not about predicting, it's about responding (response is as important as prediction)
- At the very least, oil prices, exchange rates, and interest rates cannot be predicted
- Collect correlations that won't break down even as times change
Investment Notion
Investing Usages
The intelligent investor is a realist who sells to optimists and buys from pessimists.
I don’t talk about my investments - Bill Gates
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