Do not always think about getting rich overnight; living longer allows you to laugh the longest.
Every year, the Berkshire Hathaway shareholder meeting is the biggest highlight in the global financial sector.
The Buffett era is coming to an end, but the inspiration Buffett has given us is always worth remembering!
Many principles are well-known, but very few truly implement them!
1️⃣ Long-termism is the ultimate strategy.
Buffett said: "Apple is still our largest holding."
The same goes for the crypto space; don't be scared away by short-term fluctuations!
Hold on to those truly ecological and community-driven good projects; time will give you the answer!
2️⃣ Only play within your understanding.
Old Buffett insists on the "circle of competence" principle: don’t invest in what you don’t understand!
The same applies in crypto; don’t FOMO into trends. If you don’t know where the profits are coming from, you are the source of the profits.
Understand the project’s logic before going all in; DYOR is the hard truth.
3️⃣ When others panic, you buy the dip.
"Be fearful when others are greedy, and greedy when others are fearful."
During a sharp decline in crypto, the opportunity might be right beneath your feet!
But remember: when buying the dip, choose targets with fundamental support; don’t catch falling knives.
4️⃣ Cash in hand, opportunities await.
Berkshire has hoarded $348 billion in cash waiting for opportunities!
Crypto enthusiasts should also keep enough USDT; exit at the top in bull markets, and buy the dip in bear markets; liquidity is your ammunition.
6️⃣ Investing in yourself is the best hedge against inflation.
Old Buffett said: "The best investment to resist inflation is in yourself."
The crypto space is ever-changing; always adjust yourself to the best state; cognition, skills, and health are your Alpha.
7⃣ Surround yourself with excellence.
The fastest path to success is to find excellent people and walk alongside them!
Buffett’s "value logic" and the crypto space’s "consensus belief" may seem opposed, but at their core, they are:
Believe in the long term, focus on value, and respect risk.