Who is Buffett? What are the allusions?

Buffett is the greatest investor in history. By investing in the stock market and foreign exchange market, he has become one of the richest people in the world. The value investment theory advocated by him is popular all over the world. Value investment is not complicated. Buffett once summed it up as three points: treating stocks as many miniature business units; Treat market fluctuations as your friends rather than enemies (profits sometimes come from loyalty to friends); The price of buying stocks should be lower than you can afford. "In the short term, the market is a voting calculator. But in the long run, it is a weighing machine "-in fact, it is not difficult to master these ideas, but few people can persist for decades like Buffett. "Buffett never seems to try to make money from stocks. He bought the stock on the assumption that the stock market would close the next day or would not reopen for five years. In the view of value investment theory, once you see market fluctuation and think it is profitable, investment becomes speculation, and nothing affects investment more than gambling mentality. "

On June 25th, 2006, Buffett announced that he would donate his private wealth totaling $365,438+$74 million to charity. This huge sum of money will enter the third place in the world rich list, namely the charity foundation founded by Microsoft Chairman Bill Gates and the Buffett Family Foundation. Buffett's donation of $365,438+$74 million is by far the largest private charitable donation in the United States.

According to Reuters, Buffett, CEO of Berkshire Hathaway Investment Company, is 75 years old, and Forbes magazine estimated his worth at 44 billion dollars, making him the richest man in the world. 310.74 billion yuan, accounting for about 72% of Buffett's property.

[Edit this paragraph] Buffett's investment "golden" law

Take advantage of the stupidity of the market and invest regularly.

The buying price determines the rate of return, even for long-term investments.

The compound growth of profits, transaction costs and tax avoidance has benefited investors a lot.

Don't care about how much a company can earn in the next year, only care about how much it can earn in the next 5 to 10 years.

Only invest in enterprises with high certainty of future income.

Inflation is the biggest enemy of investors.

Value-oriented and growth-oriented investment concepts are interlinked. Value is the discounted value of the future cash flow of an investment; And growth is just a forecasting process to determine value.

The investor's financial success is directly proportional to his understanding of the investment enterprise.

The margin of safety helps your investment in two ways. The first is to buffer possible price risks; Secondly, you can get a relatively high return on equity.

It is foolish to own a stock and expect it to rise next week.

Even if the chairman of the Federal Reserve secretly tells me the monetary policy for the next two years, I won't change any of my investment behavior for this.

Ignore the ups and downs of the stock market, don't worry about the changes in the economic situation, don't believe any predictions, don't accept any inside information, and only pay attention to two points: a. What stocks to buy; Buying price.

[1] Buffett's investment legend

In the biography of Buffett written by Roger lovinstein, the first article is a short article by Bill Gates, the richest man in the world. Gates wrote: "His jokes are funny, and his diet-lots of hamburgers and cokes-is excellent. In short, I am a fan of Buffett. " Gates is really a fan of Buffett. He firmly remembers Buffett's investment theory: buy stocks at the lowest price and wait patiently. Don't expect to do big business. If the price is low, even medium-sized enterprises can make a lot of money.

Buffett's famous saying

I became the richest man in the world because I spent less.

1, I am a realist, I like what I am doing now, and I always believe it. As a thorough practical realist, I am only interested in reality and never have any illusions, especially about myself.

If your thoughts are exhausted, you can speak eloquently!

He is a genius, but he can explain one thing so simply and clearly. At least at that moment, you fully understood what he said.

His parents told him that if he can't say anything nice to a person, then don't say anything. He believes in his parents' teaching.

It is obvious that he has always been confident in what he thinks and is ready to defend his ideas at any time.

6. One of the reasons that attracts me to work is that it can let you live the life you want. You don't have to dress up for success.

7. For me, investment is both a sport and an entertainment. He likes to "catch rare fast-moving elephants" by looking for good prey.

8. Don't think about anything else at work. I'm not trying to jump over a seven-foot railing: I'm looking everywhere for a one-foot railing that I can jump over. (Realist)

9. Go where they want to go, not where they are now.

10, if our most important route is from Beijing to Shenzhen, we don't need to get off at Nanchang and take a side trip.

1 1, please ignore if something bad happens.

12, it takes 20 years to win a good reputation, but 5 minutes is enough to destroy it. If you understand this, you will do things in different ways.

13, if we can figure out the problem fundamentally and think clearly, we will never screw things up! .

14, the habitual chain is always too light, and it breaks before it is noticed!

15, I have never doubted myself. I have never been discouraged.

16, I always knew I would have money. I never had a moment's doubt about it.

17, in the final analysis, I have always believed that my vision is far superior to everything.