Words from investment gurus.

We have seen that the words expressed by many masters often have a meaning in their core.

If you don't lose money-certainty-margin of safety-anchor point.

Only when the market is certain can there be a margin of safety. The core of the margin of safety is to find our value anchor point.

That is the essence of our problem, and this is also the premise for us not to lose money.

The term "not losing money" is actually a neutral term, or rather strategic in nature.

Not at the tactical level, but as a long-term anchor,

And this long-term anchor point will not generally change easily.

So we just understand the deep-seated things behind it.