Spit a trough at random.
Before preparing to understand a stock, we should carefully compare and understand the industry logic and the business logic of the company, then understand the driving factors and basic framework of growth. In turn, according to the company’s financial data and management analysis, we can exclude the knowable risk and search for the unknowable risk. Will the off-balance sheet, corporate governance and controllers bring any further impact? Next, we need to understand whether we really understand what each asset-liability profit and cash flow is outside our own cognitive scope. It’s been almost three or four months since a stock was carefully scanned. This is something I particularly understand, such as finance and consumption. If you want a high-tech one, every three or four months of research still ends in despair.
Faster than smarter, I really can’t. The older you get, the more you learn to be neither faster nor smarter, but more and more you are required to prepare carefully and adequately, and learn to restrain your desires and greed. Take only the risks that you can take, the risks that you can understand, the benefits that you can only expect from your preparation, and the benefits that you can understand.
Although I haven’t lost money because of stock bonds for a long time, I really have to admit my disgust first if people want to be more flexible than me.
乐生活