你能战胜自己吗Can you beat yourself

“市场，像上帝一样，帮助那些自助者。”（美国）沃伦·巴菲特

知行合一是一件很难做到的事情。
　　成功的人往往是一些品德高尚的人，各行各业的出众者都是如此，成功的投资者也应具备一些与投资致关重要的基本素质，如耐心、勇敢、谦虚、....等。

一、耐力与恒心:

由于股市的剧烈变动，总有人把握不住自己，对自己的选择持深深的怀疑态度，他需要寻找一种参照体系，他急于知道自己的行为结果。市场中尽是一些受过良好教育，并拥有丰富经验的投资专业人员，他们最善长的就是让市场更疯狂、更混乱，唯有如此，他们才能显得比散户更聪明、理智一点，股票投资人感受到的压力是非常大的。

很多事情尽管你已经作出了正确的判断，并且已经作出了勇敢的决定，但是你没有耐力与恒心一样不会成功，企业的发展是一个长期渐近的进程，没有耐心去等待无异于拔苗助长，其结果往往是事与愿违。

二、勇敢与自信:

勇敢与自信是相辅相成、密不可分的。二者对投资的影响是相当重要的，试想你如果不自信不勇敢，面对高风险的市场，你如何能够作出投资决策。

勇敢的表现的两个特征：1、无知者无畏。2、大智大勇。

前者是因为不知道风险来自于何处，后者是因为知道事物的发展必然规律、并能掌握控制风险的勇敢；二者在短期的效果差别不大，但长期来看却有天渊之别；前者的成功在于幸运，但幸运是少有而不经常的，后者的成功则是基于对事物的客观分析，他的结果是必然的而且是长期有效的。

大部分投资者在市场中都是愚勇可嘉的，而向大智大勇转变唯有通过学习才能得到，拉罗什富科在《感想集：道德方面的格言与箴言》中说：“最大的才能是按真实价值评价事物的能力。”了解事物的真相，才能做到真正的勇敢。
　　
勇敢在投资方面的重要意义：

1、勇于做最孤独的事情；

2、勇于做最有耐心的事情；

3、勇于承认自己的错误；

4、勇于坚持正确的判断。

当然，这些勇敢都建立在你对事物的正确判断上。格莱葛姆说：““你不会因为这些人的不同意，而判断正确或错误。你之所以正确，是因为你的资料和推理是正确的。”

三、谦虚与谨慎:

自信与勇敢在不善于控制时，有时会发展为狂妄自大、匹夫之勇，事物走向反面通常是有危害的，而谦虚与谨慎是对自己最好的约束。
　　你失去少数机会并不可怕，可怕的是一次致命错误的打击。

四、孤独与冷静:

人一生都是孤零零的，任何人都不可能帮你，只能依靠自己。证券市场尤其如此，因为零和市场的本质决定了每个人都是你的敌人。从众结果注定就是利润平均化，成为碌碌无为之辈，成功的投资者要勇于反大众，要以孤独为乐，你不必在意他人的看法，你只要研究自己的判断是对还是错，力争成为少数人。

独孤求败的确是很高的一种境界。

孤独的人往往冷静。

冷静对于投资者也是必不可少的一项素质，市场在很多时候处于一种发疯的状态，很少有人不被它影响而作出不理智的行为，冷静的投资者是要有一点笑看潮起潮落的超然的。

只有冷静等待才能等到大机会。

一、我对投资的研究思路:

1、为什么在市场中中赚钱越来越难，因为市场越来越成熟、越来越有效率；

2、但市场并不总是有效率的，它总是提供一些或大或小的机会，要想获利必须抓住大机会；

3、市场的大机会不在于短线暴利，而在于市场的长期向上性特征，其本质是由处于生命周期上升期的产业拉动的；

4、历史已经证明了简单长期持有策略胜过大部分主动策略，所以尽量不要离开市场；频繁操作的成功是微乎其微的小概率事件，长线投资才能得到最大的幸运；

5、长线投资获利的秘决－－复利；

6、提高获利效率与安全的特别方法－－集中投资；

7、为了得到稳定的复利，集中投资于好的产业与企业是双保险；只投资于有长期发展潜力的行业；在好的行业中选择有超强竞争力的好企业.

8、尽量避免止损就是最佳的止损策略。

9、人的精力是有限的，市场越大，就越要专注于高概率机会的小范围。不要想抓住所有的机会。在金矿边上找金子比在垃圾堆中找容易多了。

11、好的行业与企业通常是大众所喜欢的，价格往往是高估的，在下跌的市场中买入或在经历长期调整的低位买入，是较好的选择，虽然这个价格未必是极端便宜的，但却是较合理的。它至少符合一个巴菲特的原则：以一般的价格买入一家不同寻常的公司，比以不同寻常的价格买入一家一般的公司要好得多。

12、有效的方法能否成功运用还在于投资哲学的成熟。

二、我的原则
　　1、首要原则：安全！复利！

2、买入原则：如果不愿持有十年，就不要考虑持有十分钟；如果不愿全仓买入，就一股也不要买。

3、卖出原则：上帝欲使其死亡，必先使其疯狂；没有更好的机会与更有把握的机会，不要轻易卖掉你的股票。

4、长期持有原则：耐力胜过头脑；不要轻易离开市场。

5、基本分析原则：鹰有时飞得比鸡低，但鸡永远飞不到鹰的高度。

6、良好的买进为成功的卖出奠定了一半的基础，把止损消灭在最开始的时候。

7、等待原则：股市里的钱是永远赚不完的，但你手中的钱是可以赔完的，不要因为他人的获利而影响了自己的操作。

三、我将终生牢记的大师教诲:

1、费雪说：“研究我自己和别人的投资纪录之后，有两件重要的事情必须特别注意，首先投资想要赚大钱，必须有耐性。
　　股市本质上具有欺骗投资人的特性。跟随其他每个人当时在做的事去做，或者自己内心不可抗拒的呐喊去做，事后往往证明是错的。

即使某家公司的股票价格似乎已到或接近暂时性的峰顶，而且近期内可能大幅下跌，只要我相信长期内仍值得投资，便不会出售这家公司的股票。如果我判断几年内这些股票的价格会涨得远高于目前的水准，我宁可抱牢不放。我的信念源于投资过程中对基本因素的衡量。增值潜力雄厚的公司很难找，因为这样的公司不多。

2、林奇说：“在股市赚钱的关键，是不要被吓跑。这一点怎样强调都不会过份。

不论你使用什么方法选股，最终的成功与否取决于一种能力，即不理睬环境的压力而坚持到投资成功的能力；决定投资者命运的不是头脑而是耐力。敏感的投资者，不管他多么聪明，往往经受不住命运不经意的打击，而被赶出市场。

当股价下跌时，真正的考验来临了。人们突然间变成了短期投资者，虽然他们曾信誓旦旦地宣称自己要做长期投资者。他们被情绪控制，并且忘记了当初买股票的理由－－在好公司里拥有股份，他们陷入恐慌，因为股价很低。他们不是等待股价回升，相反却以低价抛出股票。毫无疑问，这时的股价最低。
　　
市场投机者试图对股价的短期波动进行预测，希望获取快速的利润。极少人能以这种方式赚钱。试图跟随市场节奏你会发现自己总是在市场底部即将反转时退出市场，而在市场升到顶部时进入市场，人们会以为碰到这样的事是因为自己不走运，实际上，这只是因为他们想入非非。

没有人能够比市场精明。

你可以对自己说：'下次股市再跌，我会不理睬那些坏消息而买进下跌的股票。’但是，由于每次危机看起来比上一次更糟，因此，要想做到对坏消息不理不睬越来越难了。

或许还会有更大的股灾，当代40次股灾中，如果我每次卖光了股票，我每次都会后悔。即使发生了最大的股灾，股票的价格总会涨回来。

股市下跌并不是惊人的事件，它是个循环事件。当冬天来了你会穿上大衣，告诉自己夏天还会来临，而不会认为冰川从此覆盖全球。”

3、巴菲特说：“恐惧和贪婪这两种传染性极强的灾难的偶尔爆发会永远在投资界出现。这些流行病的发生时间是难以预料的。由它们引起的市场精神错乱，无论是持续时间还是传染程度同样难以预测。因此我们永远无法预测任何一种灾难的降临或离去。我们的目标应当是相当适度的：我们只是要在别人贪婪的时候恐惧，而在别人恐惧的时候贪婪。”

“我们将继续对政治预言和经济预言置之不理，这些东西对许多投资者和商人来说是代价昂贵的消遣。30年前，谁也无法预测到越南战争的大面积扩散、工资与物价控制、两次石油危机、总统辞职、苏联解体、道指在一天之内大跌508点。

但让人惊奇的是，这并未对格莱葛姆的投资原则产生丝毫不利的影响。如果我们对未知事物的恐惧使我们递延或改变对资本的运用，那我们的代价将是什么。事实上，我们通常是在人们对某种宏观事物的恐惧达到顶峰时进行了最成功的收购。
"Market, like God, helps those who help themselves." (USA) Warren Buffett
Practice is a very difficult thing to do.
Successful people are often virtuous people, so many people in all walks of life, and successful investors should have some basic qualities that are important to the investment, such as patience, bravery, modesty, and so on.

1. Endurance and perseverance:
   Because of the sharp change in the stock market, some people can't grasp themselves and have a deep doubt about their choice. He needs to find a reference system, and he is anxious to know the results of his behavior. There are some well educated and experienced investment professionals in the market. Their best is to make the market crazier and more chaotic. Only in this way can they appear smarter and more sensible than the retail investors, and the stock investors feel a lot of pressure.
   A lot of things, although you have made the right judgment, and have made a brave decision, but you do not stamina and perseverance will not succeed, the development of the enterprise is a long-term asymptotical process, without the patience to wait to wait without the help, the result is often contrary to the desire.
   Two, bravery and confidence:
   Courage and self-confidence are complementary and inseparable. The impact of the two on investment is quite important. Imagine how you can make investment decisions if you are not confident and brave and face a high-risk market.
   The two characteristics of brave performance are: 1, ignorant people are fearless. 2, have tremendous courage and wisdom.
   The former is because it does not know where the risk comes from, the latter is because it knows the inevitable law of the development of things and the courage to control the risk; the two in the short term have little difference, but in the long run there is a great difference; the success of the former is lucky, but the fortune is less and less often, the success of the latter is Based on objective analysis of things, his result is inevitable and long-term effective.
   Most investors are fooling in the market, and the change to great wisdom is only through learning. Laroche Fraser C said in "the motto and proverbs of morality:" the greatest ability is the ability to evaluate things according to real value. " To understand the truth of things, we can be truly brave.
   The importance of bravery in investment:
   1, be brave to do the most lonely thing;
   2, be brave to do the most patient thing;
   3, the courage to admit their own mistakes;
   4, be brave to stick to the right judgment.
   Of course, all these bravery are based on your correct judgement of things. Cellay Gomm said, "you will not be right or wrong because of these people's disagreement. You are right because your data and reasoning are correct.
   Three, modesty and prudence:
   Confidence and courage, when they are not good at control, sometimes develop into arrogance and courage, and the opposite is usually harmful, and modesty and prudence are the best constraints to themselves.
   It's not terrible that you lose a few opportunities. Terrible is a fatal mistake.
   Four, loneliness and calmness:
   People are lonely all their lives. No one can help you, you can only rely on yourself. This is especially true in the stock market, because the essence of the zero sum market determines everyone is your enemy. The result of the crowd is doomed to average profit, become a mediocre, successful investors should be brave to counter the public, to be lonely and happy, you do not have to care about other people's views, you just study your judgment is right or wrong, and strive to become a minority.
   Duguqiubai is indeed a very high level.
   Lonely people tend to calm down.
   Calm is also an essential quality for investors. In many times, the market is in a state of insanity. Few people are not affected by it and make unrational behavior. The calm investor is to have a little laugh to see the rise and fall of the tide.
   Only a calm wait can wait for a big chance.
   First, my research ideas about investment:
   1, why it's more and more difficult to make money in the market, because the market is becoming more and more mature and more efficient.
   2, but the market is not always efficient. It always provides some or big or small opportunities. If we want to make profits, we must seize the big opportunities.
   3, the big opportunity of the market is not the short line profits, but the long-term upward character of the market, which is driven by the industry in the period of the lifecycle.
   4, history has proved that a simple long-term holding strategy is better than most of the active strategy, so try not to leave the market; the success of frequent operation is a small probability event, and long line investment can get the greatest luck;
   5, long-term investment profit secret - compounding;
   6, a special way to improve profitability and safety -- centralized investment.
   7, in order to get a stable profit, investment in good industries and enterprises is double insurance, only in the industry with long-term potential, and a good enterprise in a good industry.
   8, try to avoid stop loss is the best stop loss strategy.
   9, people's energy is limited. The larger the market, the more we must concentrate on the small range of high probability. Don't try to seize all the opportunities. Finding gold on the edge of a gold mine is much easier than finding it in a garbage dump.
2. Good industry and enterprise usually