The technical analysis, fund management, and executive power discussed in various forum books all day long are actually just tactics. Tactics are important, but they are just small ways, and strategy is the way!
What was the strategy for the deal? It is level! The popular point is patience! Tallness is the pattern! Tactics, techniques and techniques are things that you can eventually learn as long as you are diligent and studious, because you can see and touch them. But the strategic pattern can only be comprehended by yourself, and it is useless for others to tell you. If you don’t really comprehend it, even if you know it, you can’t do it. Many great people have talked about this issue, such as Livermore, Crowe, Van K Sapp, Buffett, Munger, Lin Guangmao, Li Xiaolai and so on.
I knew these truths when I read a book a few years ago, but I didn’t feel it at the time. I thought it was just some big truths, and I didn’t really understand it until a few years later! In fact, from the great to the simple, it means that you have truly comprehended some old-fashioned and familiar principles. The great principles are all truths, and they are also very simple and not mysterious. It depends on whether you can comprehend them. Why do many successful people say that suffering is a kind of wealth? I believe they are not singing high-profile, but because suffering really helps you to deeply understand the great truths that you are already familiar with.
It is important to do the right thing, but it is more important to do the right thing. The direction is wrong, the underlying logic is wrong, and the top-level structure is wrong. What good is your method? ! What's the use of working hard and earnestly? !
Read more useless books, such as philosophy, history, economics, psychology, literature, pedagogy, etc. These books may not allow you to master the skills to make money immediately, but they will subtly influence your way of thinking, your vision, your pattern, your behavior, your habits. Internal strength is the root, and moves and skills are the branches and leaves.
I recommend a book "From 0 to 1" that I just finished reading. Although it is not a book about trading, it has similar principles. After reading it, I feel that some places have new insights, new touches, and some truths have been newly verified. It is worthy of being the top of Silicon Valley. A book written by a talented person!
Finally, quote a sentence from Munger's "Poor Charlie's Almanac": A wise man will bet heavily after discovering such an opportunity. They bet heavily when they see a good opportunity, and stay put the rest of the time. It's that simple. The way to be a winner is to work, work, work, work, and look forward to seeing a few opportunities.