When is the hardest time to invest?
Duan Yongping: I know what to do when the position is full, but I don’t know what to do when the position is short.
Later, after learning from Buffett, Buffett said that the most difficult time is when you have a lot of money but no projects to invest in. In fact, Buffett has been in this situation for a long time. He just waits without finding a project to invest in. This is the most difficult time.
Charlie Munger: Waiting for opportunities to knock on the door. All major historic opportunities are waiting for them.
