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?
Stocks are now nearly 400 years old. The earliest stock market arose in 1602 when the Dutch and British established overseas trading companies. These companies are established by raising share capital and have obvious characteristics of joint-stock companies; they have legal person status; a board of directors is established; the general meeting of shareholders is the company's highest authority; dividends are distributed according to shares; and a limited liability system is implemented. The successful operation and rapid development of the joint-stock company made more enterprises follow suit.
This section talks about the sources of stock profits. There are generally two sources of stock profits. One is the dividend received by shareholders when the company distributes earnings, and the other is the price difference between stock buying and selling.
The three major trading markets in the United States New York Stock Exchange New York Stock Exchange, American Stock Exchange American Stock Exchange, Nasdaq Nasdaq Exchange three major trading markets.
Bitcoin has the mathematical characteristics of money (durability, portability, interchangeability, scarcity, separability and identifiability), but it does not rely on physical characteristics (such as gold and silver) or the trust of the central authority (such as fiat currency).