1. Last June, you said that you should save enough for 18 months of living expenses before considering investment. Now a year has passed, and you still say that you should save enough for 18 months. Shouldn’t there be 6 months left?
What I want to express is: at any time, you should ask yourself, do you have enough living expenses for 18 months? If not, you should save enough living expenses before considering other things.
I don't see any substantial improvements in any area for at least the next two years that we can see.
For example, recently the economic data of Guangdong Province for the first half of the year were released. From the data, we can see that there is still no positive improvement in various aspects.
So my opinion remains unchanged.
2. Books about Buffett
In my article, I introduced two series of books about Buffett, one is Buffett's letters to shareholders, and the other is the transcript of the Q&A session at Buffett's shareholders meeting.
There are many versions of these two books online, so I won't recommend any specific books. Interested readers can search online for "Buffett's Letter to Shareholders" and "Buffett's Q&A Record at the Shareholders' Meeting."
These two series of books are very thick. If you persevere and read them all, you will definitely gain something.
3. What is a trend? Most people in the market believe that the K-line moves in one direction.
I have no sense of technical indicators at all, so I don't look at trends from them.
I think the trend mainly depends on the basic logic of an ecosystem/project. If its logic is correct, and with the development of technology, new applications will emerge that can solve our problems, then I think its development trend is positive.
This "good" will eventually be reflected in asset prices. If I think that the price of an asset seriously overestimates its current practical value, then I think it has a bubble and I may want to sell it. Otherwise, I think it is undervalued and can be bought.
4. In the neutral strategy mentioned in stocks, the long and short varieties are different. In the ENA project, the long and short varieties are the same.
What Buffett meant is: In theory, mathematical formulas can be used to perfectly combine a combination strategy that is not affected by the market and at the same time locks in profits. This strategy includes long and short positions.
However, in reality, according to Graham's experience, it is difficult for specific operations to perfectly match mathematical formulas. If there is a slight mistake in the operation, the whole result will become very uncontrollable. What's more dangerous is that if leverage is used, the risk will be even greater.
Therefore, in this case, occasionally a very small operational deviation will be magnified into an uncontrollable loss, resulting in all previous efforts being wasted. Therefore, this seemingly "perfect" strategy combination is difficult to achieve in actual operation.
5. I have bought all the Altcoin recommended to me, but I am afraid that these Altcoin will be removed from the exchanges.
I would like to emphasize again here (even though I have emphasized it in previous articles): I have not recommended any other tokens except Bitcoin and Ethereum.
Of course, I have listed the tokens I have invested in and some of the tokens I have purchased, but I also made it very clear in the article that I am by no means recommending readers to buy them. Instead, I want to share with readers in the article the reasons, ideas, and logic behind my purchase of them.
A while ago, when I said to throw away the CRV in my hands, a reader's message left a deep impression on me. He said that he thought there was something wrong with the team when CRV had problems last time, and the team is a factor that I particularly value when judging a project. So he threw away CRV last time based on this logic.
If we look into the specific operation of this reader selling CRV and examine the logic behind this operation, we will find that the logic behind his operation is the real understanding of the core and key of my sharing: he knows my ideas and uses these ideas to guide his own operations.
It is entirely possible that the result will be better than mine and more correct than mine.
I think this is the real communication and gain.
"Disclaimer: This article does not constitute investment advice. Please learn and communicate with netizens, be rational, establish correct concepts, improve risk awareness, and abide by the relevant laws and regulations of the country and region where you are located."
