Every time a financial crisis breaks out, there is a depression in all industries, a large number of workers are laid off and people's livelihoods wither away.
A financial crisis is a persistent contradiction in the operation of activities related to money and capital, for example, a credit crisis in the cashing of bills, a currency crisis caused by a disconnect between buying and selling, etc.
Economic expansion drives increased demand for gold jewelry, gold for technology and long-term savings, so there is a positive correlation between the price of gold and economic growth.
Early options trading in the US began in 1872, founded by the then famous financier Russell, and at that time included call and put options, the market was always OTC and required trading through brokers.
Trading in the fast-moving futures market is like driving on a highway, with the floating profits and losses of your account going straight up and down, sometimes so fast that you are overwhelmed.
For 60 years, Buffett has been preaching a simple investment philosophy: you buy a good stock, don't sell it lightly, and then wait for the price to rise.
But on this issue, I actually believe more in the words of Warren Buffett’s partner Charlie Munger, “Investing is not easy at all, and anyone who thinks investing is easy is an idiot.”
So this also leads us to today's theme:
Everyone knows that you can make money by holding stocks for a long time, but why can't you hold the stocks in your hand?
