🔥Buffett's Classic Quotes + Teaching of Chan Theory Illustrated, Lecture 20 👇

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1. Risk comes from not knowing what you are doing.
2. Always invest within the limits of your own understanding.
3. As long as you are not too eager for quick success, reasonable investment can make you very wealthy.
If you have played cards for half an hour and still don't know who the rookie is, then you are.
5. Do not invest in a business that even a fool can do, because one day fools will do it too.
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🔥​6. If you are a duck in a pond and the water level rises due to heavy rain, you begin to float in the world of water, but at this moment you think it is you who is rising, not the pond.
7. Only when the tide goes out will you know who has been swimming naked.
8. I am not trying to jump over a 7-foot high barrier; what I am looking for everywhere is a 1-foot high barrier that I can cross.
9. The market is a redistribution system of wealth. It takes money away from those who lack patience and allocates it to those who are patient.
10. For most investors, what matters is not how much they know, but how to properly deal with things they do not understand.
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🔥11. An outstanding enterprise can anticipate what might happen in the future, but it does not necessarily know when it will happen. The focus needs to be on what to prioritize, rather than when to do it. If the judgment about what is correct, then there is no need to overly worry about when.
12. For your circle of competence, what matters most is not the size of the circle, but how well you can determine its boundaries. If you know where the boundaries of your circle lie, you will be much wealthier than those whose circles may be five times larger but do not know where the boundaries are.
13. If you are on the wrong path, running won't help.
14. If there is a secret to investing, it is to choose the best timing for your investments.
15. In life, if you have correctly chosen your heroes, you are indeed lucky. I suggest all of you to pick out a few heroes as best as you can.
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🔥16. Many things can be profitable to do, but you must stick to doing only those things within your capability. We have no way to take down Tyson.
17. I never intend to make a profit on the day after buying stocks,
18. If a dog counts its tail, how many legs does it have in total?
19. Never expect to stop a rogue from deceiving you when dealing with one.

#sol #virtual #sui #eth #btc