At the helm of 500 billion! Zhang Lei's 50 sentences are a great realization

Source: Zhenghe Island (ID: zhenghedao)

About Life:

Choosing who to walk with is more important than going far away

001.

Being honest about what you think about yourself is more important than the right answer.

002.

A person's career is long and can't do anything that's detrimental to the person who has helped you, or it could plague you for the rest of your life.

003.

Pessimists may guess the present correctly, but optimists can win the future.

004.

Choice is more important than effort, for investors, choice is a judgment; for entrepreneurs, choice is a kind of courage; for individuals, choice is a kind of belief.

005.

If you hold an opinion, you must first try to falsify yourself, otherwise it is not really your own point of view.

006.

People who are used to going it alone, most of the time it is difficult to form a self-reflective mentality. Because, it is easiest to convince yourself that you are the best to deceive.

007.

One of the most important things in life is to find someone you like and really reliable to do interesting things together.

008.

Cherish the people around you because you don't know when you'll say goodbye. And the road you have traveled together, the stupidity you have committed together, and the tears you have shed will become one of the most precious treasures in your life.

009.

In the process of struggle, it is difficult to predict the road ahead, and who to choose to walk with is more important than the far side to go.

010.

Always reflect on your own situation, do not stick to the achievements of the moment. If a person feels that he is very successful, he will often start to decline; if an investment company thinks that he can make money lying down, he will often start to give up his money and pursue nothing.

011.

Many times, compromise will produce a "slope", you slowly come down from the "slope", there is no feeling at first, but the more you go down, the faster you go, and by the time you realize it, it is often difficult to change.

012.

Many people believe that history will repeat itself, but some people think that this time will be different, in fact, the purpose of reading history is not to know what to do once and for all, but to summarize the law.

Think of history as a kind of knowledge reserve and situational training, as a ballast stone against major risks, not as a panacea to ensure your victory.

013.

I think that where there is prosperity and decline, in the pattern. If the pattern is large, it is far away; if the pattern is small, it is far away and obstructed. The view of the pattern determines your living environment and also determines your investment opportunities.

014.

Many times, the reason for making a mistake is not that you have collected incomplete information or collected the wrong information, but that you believe too much in the information you have.

015.

"Speak up", don't waste everyone's time because of euphemisms. The harm of euphemisms is that you think I understand, and I think you understand, but in fact both sides do not really understand the main points expressed by the other side.

016.

In no situation can you exalt yourself and humble yourself. Sometimes, people who have suffered can understand the difficulties of others. Socrates said that the unexamined life is not worth living.

On long-termism:

Be a friend of time and return to your inner composure

017.

Trying may be just intention, but perseverance is courage.

018.

There is only one moat in this world, and that is that entrepreneurs are constantly innovating and creating long-term value in a frenzy.

019.

Methods and strategies can beat the market, but faith in long-termism can win the future.

020.

Anything that can be burned by fire is not important, such as money, houses, or other material wealth, but what cannot be burned is important, and it can be summed up in three things: knowledge, ability and values.

021.

What every investor must understand is that what can deepen the moat with the loss of time is the "asset", and the longer the time, the more unfavorable to the business, it is the "fee".

022.

If you are complacent and complacent when you hear the praise of your colleagues, then you are not far from failure; if everyone tells you that you really grasp the truth and you really believe it, then you are not far from failure.

023.

In pursuit of careers and dreams, you must have a commitment to yourself, focus on the long term, concentrate and give your all. In different opportunities, learning all the highest standards that can be learned, so as to gain the ability to understand and gain insight, this is the long-term doctrine that I have always adhered to.

024.

Time is the friend of the innovator and the enemy of the keeper.

025.

People who are exhausted all day long for profit may end up with nothing to gain; and people who walk their own path without distraction can often get a lot of rewards. A lot of times, success isn't about what you did, it's about what you didn't do.

026.

Indulging in momentary successes and laissez-faire propaganda is often very dangerous. Self-aggrandizement can easily make people confused, unable to listen to objections, and inaccurate future direction; it is easy to attract unnecessary attention when the reputation is large, and it is always a distraction to judge.

027.

In a world where most people are obsessed with "instant gratification," people who understand the principle of "delayed gratification" have already won the first step.

028.

Waiting is also a kind of initiative, waiting is not doing nothing, the best way to stay patient and waiting is not to even think about irrelevant things, and always be clear about what should be done and what should not be done.

029.

Conclusions that are quickly agreed are often proven wrong in the end, and there are always some things that no one has thought of or thought clearly, and everyone agrees for the sake of consistency.

030.

People often say that "Maxima is often there, but Bole is not often", in fact, "Maxima is not often there".

Maxima is not often there, and horses are often there, compared to the daily identification of horses, only the identification of maxima people can not get continuous training; and conversely, the identification of horses more, naturally also know what is a maxima.

031.

An entrepreneur who sells goods cannot just think," "My business is selling goods," but should think, "My business is creating happiness," and one of the ways to create happiness is to sell goods.

032.

Yu Shen xiong in jing mu, hidden sharp in deep thinking. Long-termism is not the result, but the belief in ideas that can travel through time and will not be filtered or eliminated.

The so-called "initial determination and unswerving will, there is a courageous and enterprising heart, and at the end there is a strong and eternal strength", which is the portrayal of long-termism.

033.

Embrace change with the courage of giving up oneself and others, use the first principle to continuously explore the origin of the world's values, and use the humanistic spirit to light the beacon in the heart. Think big think long！

034.

Looking for thousands of logistics, looking for advances and retreats, being a friend of time, and returning to the calmness of the heart.

About Value Investing:

"I'd rather lose my client than lose their money."

035.

Look for permanence in impermanence, wait for impermanence in impermanence, explore beyond the five steps, invest in change, invest in quality.

036.

Accurate data cannot replace judgment in the general direction, and tactical diligence cannot make up for strategic laziness.

037.

We never believe in luck, because neither probability nor divine blessing seems to work, we believe in long-term rationality, which may be late, but never absent.

038.

Boo Han asks for warmth, it is better to make a huge amount of money.

039.

There is only one criterion for real investment, that is, whether it is creating real value, and whether this value is beneficial to the overall prosperity of society. By adhering to this standard, time and society will surely reward them, and often ongoing, huge rewards.

040.

More research is for less decision-making, and longer research is for more accurate decision-making.

041.

Our attitude toward research is awe and humility, trying to know how ignorant we are, rather than showing how smart we are.

042.

Someone told me, "I'm just bragging about my funders, or everyone won't vote for me." But if you really believe in your bragging bull after a hundred times, you're in trouble.

043.

To study big problems, the pursuit of vague correctness of big problems is far more important than the pursuit of perfect precision of small problems.

044.

Practice has proved that many first-class talents doing third-rate business may make third-rate business first-class; on the contrary, third-rate talents doing first-class business may play a good hand of cards.

045.

Investing is not purely for the sake of making money, and being driven by money is the most dangerous thing in the industry: either make a lot of money and make money without knowing what to do next; or you can't make money all the time, or you even take risks for the sake of money.

046.

Everyone should start from their own curiosity, and not be confused by the appearance, thinking that it is what they want to pursue, sometimes people like to chase the wind, but especially need to remember one point: you do not go where there are many people.

047.

Always insist on doing things that create value. Value investors are seekers, not seekers, who seek success, and savers often see others as threats.

048.

Some people may feel that the only way to avoid making mistakes is not to invest, but this is the most serious of all the mistakes. Learn to tolerate your mistakes while turning every mistake into a learning experience.

049.

On my first day in investing, I learned a phrase called "I'd rather lose my clients than lose their money." "This is an indispensable self-cultivation for value investors, and reputation is the life of investors."

050.

In the eyes of many great entrepreneurs, there is no business that must be done, but there are friends who must help.