Why do I only believe in value investing. In the stock market, there are always many theories, many ways beckoning to each of us, and even some have invented them

Why do I only believe in value investing.

In the stock market, there are always many theories, there are many ways to beckon to each of us, and even some people have invented strange theories, I know that the foreign theories have wave theory, Gann theory, Dow theory, etc., chinese theories also have a lot, such as entanglement theory, solar terms theory, Taiji yin and yang theory, etc., in short, what kind of theories in this market have, all kinds, various, diverse, dazzling, so why do I only believe in value investment, Why invest in value?

In the process of investing, we believe in what we will choose. If you believe in investment, then you must choose to study the growth of the enterprise, because the starting point of investment is to believe in the operation of the enterprise. If you believe in speculation, then you will inevitably choose to bet on the probability of size, and if you believe in Dow theory or Gann theory, you will choose to analyze graphs, and you will study the volume-price relationship. This is also the choice of most shareholders, which is obviously also determined by the level of cognition, to put it bluntly, that is, what kind of cognition, there will be what kind of choice, people are ultimately based on their own cognition, their own world view to choose his investment method, choose his path.

The right way is not far away. In a person's life, effort is very important, but the choice of direction is more important. If the direction is wrong, even the greatest effort is in vain. On the road of investment, 90% of the shareholders in the A-share market have chosen to speculate, choose to analyze the graph, to see the so-called volume-price relationship, and are not willing to spend time analyzing the company, nor willing to study the development of the industry and the future of the enterprise, for the listed companies have chosen not to trust, that most of these companies are to circle money, not for the company to have better prospects and listed.

It's sometimes pathetic to think about for those speculators. When a pie is worth one dollar, no one wants it, and now it has risen to five yuan, because the so-called theory is big, how many people choose to buy, and now when the pie falls to 0.5 yuan, they choose to stop loss. This way can make money once, twice can make money, but the market fools will be less and less, one day accidentally become a fool who takes the last stick, then the final result is naturally clear.

Why is value investing so hard? Especially when the market is not good, any theory will be invented, the voice of doubt will become more and more intense, and all the big Vs will laugh at value investors. At this time, we should ask what we are doing, how we make decisions, how to choose, the more the market fluctuates, the more we test our will, test our understanding of the industry, judge the future of the enterprise, when we doubt everything, that is, the darkest time of the market. At this time, in fact, you start to be afraid, only see the price fluctuations and do not see the intrinsic value of the company, which also loses the essence of investment. Buffett has said that if you don't want to hold the company for ten years, don't hold it for ten minutes. But it is easy to hold up, but it is a test of your level to hold down.

If you choose to believe in value investment, then you believe in excellent entrepreneurs, believe that enterprises can create good returns for us, believe that we can get the income equivalent to the company's ROE, which is actually the starting point of our investment, and it is also the ultimate reliance.

My Value Investing Philosophy:

The first ten years of cattle raising, the last ten dollars to drink milk.

With this theory, I can stick to it for the rest of my life.