Don't speculate-Buffett
As a game of money and numbers, is there a "one size fits all" rule for investment? There is no denying that investment is a science.
Investors need to make rational judgments on the basis of mastering certain management and financial knowledge; But investment is also an art, not to say that you can do it well as long as your IQ is high enough. This requires you to have some intuition and understanding. The deepest place in the world is the sea, and the deepest wall of the sea is the human heart; The mixed effect of psychology and money makes investors more inscrutable.
There is an old saying on Wall Street: "The market is driven by two forces: greed and fear." This statement is true, but it is too simple. People's thoughts and emotions are very complicated, and the words "greed and fear" cannot sum up all the psychology that affects people's investment decisions.
Psychological deviation often affects people to make correct investment decisions. By understanding psychological deviation, people can overcome it, explore the mental journey of investment masters and improve their wealth level. This is investment psychology.
Investment psychology is a new interdisciplinary subject and a branch of economic psychology. The theoretical basis of this subject comes from many theories of economic psychology (utility, uncertainty, countermeasures and welfare), and attitude, expectation and risk theory are more directly related to investment psychology and behavior. Investment is an economic behavior that pursues future currency appreciation. The factors that affect investment are: overconfidence, pride and nostalgia, social interaction of accounting in the past, investment sentiment and investment decision-making, self-control and decision-making. Things in the world are so wonderful. There are always people who rack their brains and try their best to escape from the top and grasp the bottom, but they often fail in the game with the market. As long as you are wandering in the investment world, you will never be isolated from uncertainty. Uncertainty can not only make you a lot of money, but also make you fall into a huge amount. In the world of investment, knowing investment is more complicated than knowing other things in the world because of the psychological factors of investors.
In the stock market, many difficulties are not due to our lack of operating skills and stock knowledge, but because we can't face the psychological pressure and conflicts brought about by market fluctuations. It often makes us waver between overconfidence and lack of confidence. In the future, we will completely lose our confidence. Learn the ability to adjust one's own psychology, and use this self-adjustment method to adjust one's emotional, thinking, will and other psychological processes at any time to make it more suitable for one's investment needs. All these investment ideas are very important for value investors. The basis of value investors' investment is to grasp the laws of the world.
Investment, as a performance art, many things are easier said than done, and many reasons can be understood by everyone, but not everyone can strictly implement and persist for a long time. Human nature is the contradictory unity of strengths and weaknesses. Weaknesses such as greed, fear and luck may be hidden in peacetime, but they are exposed in front of the stock market. Completely ignorant; The stock market is specially designed for the weakness of human nature, which drives people to make mistakes. In a sense, the success or failure of the stock market is actually less than who makes mistakes. In this respect, principle, discipline and persistence are far more important than so-called skills. As the saying goes, "the elephant can't see when it's loud."
Doing stocks is like sailing, holding the compass of the trend, swinging and hanging.
Sail with thread, thermometer with technical index, and launch in sunny season to sail and sail. Every investor is a learner of risk market all his life. The life of investment is a process in which every investor challenges himself, perfects himself and surpasses himself, but success only belongs to a few people who stick to their ideals and never give up. This is the beginning of the establishment of the rules of the game in the risk market, and the cruelty of this industry determines it. The vast majority of investment products in the risk market are tools used by investors to achieve profitability, but what really determines is actually the people behind the tools. When buying and selling any variety, the first thing to analyze is: Why do opposite counterparties make opposite transactions-selling and buying? The vast majority of investors who enter the risk market think that they will be winners, thus entering the puzzle they set for themselves. From then on, they crawl like a pot of cattle in the encirclement of the risk market every day, with the aim of discovering forever-we pursue our dreams in investment and realize our ideals in investment. Maybe different people have different investment purposes, but there is no denying that we all want to be the biggest winners. It is undoubtedly necessary for us to develop better in investment, and investment psychology can teach us how to invest better, so learning investment psychology is particularly important for our development. Expect investment psychology to let us go higher and further in investment!