Of course, there are some people who make money by taking It’s just business advantage of information asymmetry, but I don’t really like this practice. To me, investment is not a zero-sum game, but information gap is a zero-sum game. It may be a bit unethical to use information gap to make money in advance. Quantitative investment has a bit of this flavor, but if you don’t do it, others will.
I think in the long run, these are small ripples, and it can be tiring to dwell on them too much. Live your life, take a long-term view, and hold on to good companies when you find them. Some people ask in return, what if you take the wrong company, wouldn’t that be even worse? I tell many people that value investing does not mean long-term investment. There is no other way to evaluate an investment. You invest in value.
Otherwise, what are you investing in?
So, look at the long term, hold good companies, and It’s just business life will be much happier. Look at Buffett and Munger, they both live well, while many of those kenya phone number list who are very speculative live miserably. This is a true story. It really fail, or the business fail miserably. Such situations are not uncommon in China.
As a rich man, why should I go to jail for no reason? You can’t think this way.
Male host:
Senior, you just mention issues relat to It’s just business investment. There is also a classmate from the School of Economics here who wants to ask you: Have you 5 amazing insights into wa web plus ever experienc a critical decision-making moment involving high risk and high returns in investments? In highly uncertain markets, how do you balance risk and reward?
Duan Yongping:
Taking high risks and going to jail is crazy. That’s true, but venture capital is different. Venture capital does not take its own risks, but uses your money aero leads to invest. If there is money made, he gets a share of it, so of course he can do it. He will also It’s just business make judgments, for example, that a certain market may be accept in the future and more funds may be rais. If you invest in the first round, you can earn money in the second, third and fourth rounds.
