Category: Money Tips Date: 2006-04-15
Original name: The Winning Investment Habits of Warren Buffet & George Soros
(O) Maketaier the
â—?China CITIC Press, published in September 2005
The day before the Spring Festival night, suddenly received a call a friend, saying that to tell me something exciting to do. I was shocked, thinking what great things happen. I saw she excitedly said: "I bought a new book, written very good, and write my many years of investment experience and understanding! Prepared and send you one, to share."
In fact, she said that the book in my collection and read a few months ago. I think you have already guessed, yes, that is Maketaier's "Warren Buffett and George Soros's investment practices."
Off the beaten track
In Chinese eyes, the god of Buffett's investment, Soros is speculative supreme, like yin and yang, the two poles, the difference can not be as large as big. Off the beaten track, however, has Maketaier that much in common on the surface of their investment approach seems to be worlds apart, but if there is anything they would do, then it may be crucial, and even that they The recipe for success. After careful analysis of the two ideas, decision-making process and even faith, Maketaier in this book reveals the common ground between the two ------ thinking exactly the same habits and way of thinking, Maketaier to the summarized as Warren Buffett and George Soros to lead towards the peak of life, both devout pursued 23 investment habits, and let the reader to see how the investment habits are created successful, or lead to defeat.
From the capital preservation first, the market mistakes, focus on investment, to the unfamiliar not do, admit it, silence is golden, and so, Buffett, and Soros's 23 investment used to cover almost every aspect of the investment world. Maketaier that an investor does not necessarily need be a genius, as long as you learn from these 23 practices, and developments in accordance with their own investment philosophy, and develop its own investment habits, you will be able to act as an investment the market winner.
However, I think Buffett and George Soros are three very important investment habits, Maketaier seems missing, or stressed enough. They are: independent thinking, reverse thinking; simplifying, seize the essence; a positive attitude, decisiveness, firmness. For example, Buffett's investment in Geico Insurance, Wells Fargo Bank, the Soros investment in Disney, are seemingly delicate situation, maintaining a positive attitude, decisiveness, firmness, calm his hand, then grasp the great opportunities.
Fatal belief
There is an age-old business principle is: buyer conceited. In recent years, China's stock investors suffered huge losses. But few self-reflection, most people blame a loss to the Government, the market, listed companies, or bad luck. Warren Buffett once said: "Like the stock market and God will help those who help themselves, but with God's different is that he will not forgive those who do not know what they are doing people."
There is a view of diseases like cancer, is a kind of warning to remind us that life has ignored the deep part, such as spiritual needs. The same is true loss of investors, it is also a warning to remind us that the investment has been neglected the deep part, such as investment beliefs. If we can look at this warning seriously, profound self-examination to find deep in the investment in the false belief, the overall change their investment habits, not only to improve our investment performance, and even can improve the overall quality of life.
Maketaier made in the book to help us very deep anatomy. In his view, on how to get a successful investment, most investors are wrong cherished beliefs. The most common misconception, he cited seven kinds, namely: To make big money, you must anticipate what the market; "authoritative" beliefs; "inside information" is a way to make a large profit; decentralization; to make big money, it is necessary to take large insurance; "system" belief; I know what the future will be what the market will be confirmed. The seven deadly investment beliefs like "magic potion", so many investors astray. Suggest that you control one by one inspection, to rectify, if any, Tsutomu.
To consummate the investment philosophy developed into a habit of
Maketaier findings prompt us: the power of habit is amazing, and in front of habit, reason is often vulnerable. "Good life habits than good", used to quietly change a person's fate, he has quietly changed a business, a nation, a country's fate.
Buffett himself has also been made of the customary brilliant exposition. He said: "We're used to breaking the chain in heavy before, it was difficult to perceive light." He added: "in the company, I found most striking is a kind of what we call 'habits, needs'---- - This overriding can not see the power of existence. in the business school, I never knew such a thing exists, but when I entered the business, I can not intuitively understand it. At that time, I think, decent, intelligent and experienced management staff will automatically make rational business decisions. However, a long time I realized that is not true. On the contrary, when the 'habits, needs' work, the reason the flower often wither wither. "
Yes, Buffett and Soros excellent practice has shown that a successful investment does not depend on formal education, the mysterious skills or good luck, but rather are pious and persevering way to practice good investment habits of those simple people. Behind the superb investment performance, there must be excellent philosophy, but only when the consummate philosophical development has become a habit in order to achieve the "Heaven and Man" to reach the highest level of investment. Because of habit, habit of the most stable, and lasting, "sneaked into the night wind, moisten things silently" and its strength is immeasurable, and ultimately revenue "Dishuichuanshi" effect.
If we say that Buffett, Soros investment in the continued success, like the Yangtze River water Amid the constant rattle, then their investment habits is the way it quietly escorted riverbed of determination. With such a bed, have the "River of No Return, meandering miles, Pentium into the sea" ------ This is a magnificent spectacle, after reading this book is deeply imprinted on my mind a scene.
