Dismiss the market

本帖于 2018-06-01 23:54:05 时间, 由普通用户 Labourse 编辑

Investing is to gain profit from business, not from market. Market only serves as the opportunity to buy and sell. At any other time, it must be ignored, dismissed.

The moment you think you must deal with market, the moment you get into endless struggle, for the market is not there for you to enjoy, but to suffer.

The ultimate profit ought to be driven by the business itself. The longer and the more diversified your holdings are, the more it is so manifested. 

Forget about market panic, excitement, or any other distractions. Focus on the soundness of business itself. Market as the role of middleman is unnecessary most of the time, except when you buy or sell. To pay attention to it is to invite anxiety. To deal with it is to fall into its trap. To analyze it is to waste life.

Focus on the business and purchase price. Follow the business fundamentals, not the market.

 

所有跟帖: 

How can we ignore the market -天朝玉- 给 天朝玉 发送悄悄话 天朝玉 的博客首页 (765 bytes) () 06/02/2018 postreply 00:23:27

It can be ignored -Labourse- 给 Labourse 发送悄悄话 (591 bytes) () 06/02/2018 postreply 00:33:21

The goal of a corporation is to maximize stockholders’ wealth, -天朝玉- 给 天朝玉 发送悄悄话 天朝玉 的博客首页 (1049 bytes) () 06/02/2018 postreply 00:53:29

其实就是TA vs FA。focusing on market -> TA, business fundamentals -> -30512- 给 30512 发送悄悄话 30512 的博客首页 (0 bytes) () 06/02/2018 postreply 09:33:43

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