92 years old, worth 720 billion: one thing if you don't plan to retire after 60 years, it must be because of love Recently, Berkshire Hathaway's stock price has hit a new high, close to 50

92 years old, worth 720 billion: if you have been doing it for 60 years and are not going to retire, it must be because of love

Recently, Berkshire Hathaway's stock price has hit a new high, close to the sky-high price of $500,000 a share!

Buffett, as his major shareholder, is also worth more than 100 billion US dollars, becoming the fifth man in history to be worth more than 100 billion US dollars, reaching an unprecedented 115 billion US dollars, about 720 billion yuan.

"Buffett Biography" was the first financial biography I read when I entered the industry, and it is also a book that I still often read; the other book that I also turned over was "The Stock Master".

The same are all people who have reached the pinnacle in the financial field, the same rich and invincible, the same countless fans, but with a completely different ending.

Buffett is 92 years old and still alive, worth 720 billion, while Livermore shot himself in 1940 at the age of 63, leaving a lifetime of regrets.

Familiar with the experience of the two people, I think there are a few points to share:

First: Obsessed with your career

It is undeniable that both masters are obsessed with their careers, and they do not forget their work even when they sleep; and they are extremely passionate.

It is said that Buffett does not even forget to check stocks when eating, and he has to read the company's financial reports when traveling on business. Livermore, on the other hand, often gets up at night to work and place orders.

Second: Firmly follow the right path

Value investment is an investment that creates value. Doing this industry for nearly 14 years, I have been doubting whether I have contributed to society in the end, and what can be clearly written is: people who speculate in stocks are definitely not unearned, and the payment behind them is not that investors do not understand!

Buffett is welcome anywhere in the world, why? Because he is creating value, livermore is known as the Bear King of Wall Street and is the culprit of the stock market decline in the eyes of the public.

So, the endings are not the same.

Third: Balance and moderation in life

Buffett once had a wonderful statement: a person who cannot control in small things is often unable to control himself in big things.

If you want to achieve great things in investment, your cultivation is the most core. Buffett is a typical representative of this type of person, why can he be called a god? Because he had greatly controlled his desires.

And Livermore, due to his young fame, lived a luxurious life, indulged in gentle township, and eventually lost here.

It is said that a top master in China also lives like an ascetic, and every day in addition to stocks, eating, sleeping, and other questions, and finally becomes a private equity brother.

Fourth: Investment is actually on the right track

I've always thought that investing is the right way. What is the right path? It's a sustainable thing.

And sustainable things often have a characteristic, that is, what you get, in the eyes of others, is what you deserve, which is sustainable.

In the words of our ancients: If virtue is not worthy, there will be disasters.

In the New Year, when we return to our hometown, we inevitably encounter some upstarts, and when we are lucky, the result is high and arrogant, which is the specific manifestation of virtue's unworthiness, and it looks like he is a tall building.

The same is true of this group of people who engage in investment, first accumulate their own virtues, and naturally, investment will be done.

That's what Buffett, 92, is practicing every day, and it's at the heart of determining a person's height.

Encourage with the King!

The author | Brother Cong

The source | Financial Cong brother

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