#美国CPI数据即将公布

Hold on tight to BTC, don't let go easily!

Buffett once said: "When others are greedy, we need to be fearful; when others are fearful, we should be greedy."

At the same time, he also said: "I invest in stocks not for short-term profits, but under the assumption that the stock market will be closed tomorrow, or will not reopen for the next five years."

Munger also has wise words: "When faced with a situation, think in reverse, always." For example, when dealing with a situation or problem, look at it from the opposite side and consider what would happen if things go wrong, and what factors might lead to failure.

Rather than obsessing over the paths to success, it’s better to compile a list of potential mistakes that could lead to failure, such as laziness, jealousy, resentment, self-pity, and narcissism—psychological tendencies that can lead to self-destruction. Avoiding them will greatly increase the chances of success. Munger humorously noted: "If you knew where you would fall, you would definitely avoid that place."

In his view, those who can achieve long-term significant advantages, like them, do not focus on trying to become smarter, but rather on resolutely avoiding foolish actions.

Additionally, he believes that Berkshire's good development is largely because he and Warren are good at discarding ideas they once cherished; if they fail to do this in a year, that year will yield little.